Funding Event

Assembly Line

CoLab Software raises $21M to help hardware engineering teams accelerate product development

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: CoLab Software, Insight Partners


CoLab Software, a technology company building collaboration solutions for mechanical engineering and hardware development teams, announced its fully subscribed Series B round with $21M USD in funding. Global software investor Insight Partners led the round, with participation from existing major investors, including Y Combinator, Killick Capital, and Pelorus VC.

The funding will be used to reach new customers and accelerate development of technology, including artificial intelligence. CoLab will also invest in expanding relationships with existing customers, an effort that has yielded successful results so far with 158% net revenue retention (NRR) in the last 12 months.

CoLab will also use the funds to expand its team, adding 30-40 new roles at headquarters in St. John’s, Newfoundland and remotely across Canada and the United States. This will include three key executive hires: a VP of Sales, a VP of People, and a VP of Customer Success.

Read more at Business Wire

Bedrock Materials Secures $9 Million Seed Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Bedrock Materials, Trucks Venture Capital, Refactor Capital, Version One Ventures, Stanford University


Bedrock Materials, a pioneering battery technology startup launched out of Stanford University in 2023, announced a successful close of $9 million in seed funding alongside the inauguration of its new Research & Development (R&D) headquarters in Chicago, Illinois. The financing round was led by Trucks Venture Capital, Refactor Capital, and Version One Ventures. Additional investment was provided by Hanover Technology Investment Management, SpaceCadet Ventures, Brainstorm Capital, Evergreen Climate Innovations, Expansion VC, Climate Capital, Quest Venture Partners, Meliorate Partners, Valia Ventures, Ritual Capital, and several individual angel investors with strong ties to the electric vehicle and battery industries.

Bedrock Materials specializes in producing essential materials for low-cost, eco-friendly sodium-ion batteries. These batteries are seen as a next-generation alternative to lithium-ion versions, utilizing affordable, widely available materials. Last month, the company began R&D scale production of battery precursor materials at its facility in Near West Chicago. Plans are underway to open a larger, permanent site later this year.

Read more at PR Newswire

Accenture Invests in Turbine to Accelerate Use of AI-Powered Cell Simulations for Biopharma Research and Development

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Turbine, Accenture


Accenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures, in Turbine, a predictive simulation company that is building a platform for interpreting human biology. Accenture’s investment will help Turbine further extend its capabilities to global biopharma companies that can benefit from Turbine’s ability to uncover hidden biological insights, with the potential to guide and accelerate key drug development workstreams.

Turbine’s core technology, the Simulated Cell™ platform, utilizes machine learning to understand how human cells make decisions. The platform intricately models molecular interactions within and around cells, enabling virtual experiments in volumes that are nearly impossible to achieve in the physical world and revealing mechanisms that drive diseases and response to therapies.

Read more at Accenture Newsroom

Voxel51 Raises $30M Series B Funding to Make Visual AI a Reality

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Voxel51, Bessemer Venture Partners


Voxel51, the leader in visual AI, announced that it has closed a $30M Series B funding round. The round was led by Bessemer Venture Partners, with participation from new investor Tru Arrow Partners and existing investors Drive Capital, Top Harvest Capital, Shasta Ventures and ID Ventures. Voxel51 will use this funding to scale up its go-to-market organization, expand its community, invest in AI research and accelerate its roadmap to meet the growing market demand for solutions that unlock the value of visual AI.

Voxel51 offers the antidote to those headaches, transforming the way that AI engineers and teams build visual AI. Voxel51 provides the leading refinery for data and models, where AI builders can simplify and automate their workflows to explore, visualize, curate and test datasets and put them to use to build models and applications. Tens of thousands of AI builders rely on Voxel51’s open source FiftyOne and enterprise FiftyOne Teams offerings to build production-ready visual AI that is dramatically more accurate and robust, improving team productivity by up to 50% and model accuracy by up to 30%. Innovative organizations including LG Electronics, Berkshire Grey, Precision Planting, RIOS Intelligent Machines and Forsight use Voxel51 solutions to help them build innovative visual AI solutions that improve product quality, ensure safety and increase efficiency.

Read more at PR Newswire

Caeli Wind, the digital platform for wind energy sites, secures €11 million in fresh capital in a Series A funding round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Caeli Wind, Notion Capital, HTGF


Caeli Wind, the platform for analysing and marketing wind energy locations founded by Ben Schlemmermeier and Heiko Bartels in 2022, announced that it has secured €11 million in growth capital from international investors. The round was led by renowned UK venture capital fund Notion Capital with the participation of Santander Alternative Investments and existing investors such as HTGF.

Caeli has developed an advanced AI-based analysis system and a marketplace to accelerate the expansion of wind turbines. In 2023, the company was able to identify 173 new locations for wind turbines in Germany and allocate them to project developers and energy suppliers. On average, the AI company accelerates the realisation of wind farms by 18 months thanks to its digital analysis and awarding platform.

Read more at HTGF

cylib raises €55M to scale its lithium battery recycling facility

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: cylib, World Fund, Porsche


Aachen, Germany-based cylib, a sustainable end-to-end battery recycling firm, announced that it has raised €55M in a Series A funding round in equity financing. The latest funding was co-led by World Fund, and Porsche Ventures, with participation from Bosch Ventures, DeepTech & Climate Fonds, and NRW.Venture. Existing investors Vsquared Ventures, Speedinvest, 10x Founders, and established business angels, also participated. The round, which is the largest round ever raised by a European battery recycling company, was completed less than 24 months after the company started operations. With a team of over 60 professionals, the company plans to use the funds to make key hires.

The company’s proprietary end-to-end recycling technology was developed over several years of research at the renowned RWTH Aachen University. It enables every component in a lithium-ion battery to be recycled, making it the only company on the market to offer clients a way to recover all elements from production scraps, EVs, or micro-mobility batteries. The company claims to have outperformed long-awaited industry break-even points by reaching a recycling efficiency of> 90 per cent while reducing the environmental footprint (GHG-potential) of the recycling process due to cylib’s water-based Lithium and Graphite recovery by 30% in comparison to competitors.

Read more at Silicon Canals

Greek maritime software Harbor Lab raises €14.7 million to streamline port cost management

📅 Date:

🔖 Topics: Funding Event

🏭 Vertical: Ship and Boat

🏢 Organizations: Harbor Lab, Atomico


Harbor Lab, a maritime software company modernising the outdated accounting practices hampering the $14 trillion shipping industry, has raised a €14.7 million Series A funding round led by European VC Atomico. With participation from existing investors Notion Capital, Venture Friends, SpeedInvest and The Dock, and new investors Endeavor Catalyst and maritime VC TMV, the round follows a seed round of €6.1 million and takes total funding for the Greek startup to some $22.5 million. Atomico Partner Ben Blume will join the board.

There is a longstanding bottleneck at the heart of the shipping industry: a set of outdated, mostly manual accounting methods that many shipping companies still rely on to grapple with the complex web of costs that arise from their vessel’s port calls – the second largest expense for commercial vessels behind fuel, reaching around $2.2 million per vessel per year. This leads to inefficiency, inflated operational costs, and frequent disputes and delays in payments. New environmental legislation and mounting geopolitical crises are further adding to the complications, dangers, and unpredictability in costs of transporting cargo.

Read more at EU Startups

Ndustrial Announces $18.5M Series B

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ndustrial, ABB, GS Energy


Ndustrial, the AI-powered energy intensity platform for industry, announced the initial close of $18.5 million in a Series B funding round co-led by ABB and GS Energy, joining existing partners such as Clean Energy Ventures and ENGIE New Ventures. The capital will be used to power growth and accelerate innovation to help industrial companies optimize the crucial metric of energy intensity — the amount of energy, emissions and cost required for one unit of production. Ndustrial will also partner with ABB and GS Energy to offer its energy intensity solutions to industrial customers, further advancing its mission to unite hard-to-access energy and production data in real time to deliver transformative economic and decarbonization value.

Read more at PR Newswire

Nfinite Nanotech closes USD 6.5M Seed financing to revolutionize flexible food packaging with nanotechnology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Nfinite Nanotech, Collateral Good


Nfinite Nanotech, a creator of plastic-alternative nanocoatings, announced the completion of a USD 6.5M SEED round, led by Collateral Good, with participation from Suzano Ventures as a strategic investor alongside investment from FTW Ventures, MaRS IAF, Overlay Capital, Ponderosa, and Republic Capital, including non-dilutive funding from Next Generation Manufacturing Canada.

Nfinite Nanotech is tackling the plastic packaging problem with its advanced material nanocoating that enables the use of truly sustainable packaging at a commercial scale. Nfinite’s nanocoating is an ultrathin and high-performance barrier coating that maintains the recyclability and compostability of sustainable packaging, while also preserving the freshness and shelf life of products.

Read more at PRWeb

hexafarms secures €1.3M for AI-optimised commercial food production

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: hexafarms, Speedinvest


hexafarms, an agtech leveraging AI to optimise greenhouses to power the future of food production, has snapped €1.3 million in pre-seed funding. The round was led by leading European early-stage investors Speedinvest, which recently invested in QphoX and Necture, with participation from Mudcake and techstars.

This fresh round of funding brings the total capital raised by the company to over €2.5 million. It will enable the company to continue to invest in its AI and machine learning capabilities, increase the accuracy of predictions, and grow its portfolio of crops.

Founded in 2021 by David Ahmed, Huijo Kim, and Felix Kirschstein in Berlin, hexafarms develops software for indoor commercial food production. The company’s SaaS harvests data and leverages AI to monitor, control, and optimise greenhouses and vertical indoor farms in real time. Its AI models can forecast crop yield four to eight weeks in advance with accuracy as high as 95%. Their vision is to empower farms across the globe to run as efficiently as possible.

Read more at TFN

Nabla Bio Secures $26M Series A Financing and Collaborations with AstraZeneca, Bristol Myers Squibb and Takeda for Generative Protein Design

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Nabla Bio, Radical Ventures


Nabla Bio (aka “Nabla”), pioneers in generative protein design, announced the close of a $26 million Series A financing, led by Radical Ventures with participation from all existing investors, and strategic collaborations with AstraZeneca, Bristol Myers Squibb Company and Takeda, worth more than $550 million in upfront and milestone payments, plus royalties.

Nabla develops integrated AI and wet-lab technologies that enable atomically precise drug design and high-throughput measurement of drug function, with an initial focus on antibodies targeting multipass membrane proteins, including for example, G protein-coupled receptors (GPCRs), ion channels, and transporte

Read more at Business Wire

Novelis Files Registration Statement for Proposed Initial Public Offering

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Novelis


Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, announced that it has filed a registration statement on Form F-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common shares. The common shares are expected to be offered by Novelis’ sole shareholder (a wholly owned subsidiary of Hindalco Industries Limited). Novelis will not receive any proceeds from the sale of common shares by its sole shareholder.

Novelis intends to list its common shares on the New York Stock Exchange (“NYSE”) under the ticker symbol “NVL.”

Read more at PR Newswire

Princeton NuEnergy (PNE) Raises Additional $10.3 Million in Series A Funding to Advance Lithium-ion Battery Direct Recycling Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Princeton NuEnergy


Princeton NuEnergy (“PNE”), a leading clean-tech innovator specializing in lithium-ion battery direct recycling, proudly announces a successful round of equity financing totaling $10.3 million. Key investors include SCGC (a subsidiary of SCG Group), Tech Council Ventures, and a subsidiary of LKQ Corporation. This recent injection of capital brings the company’s total Series A funding over the past 6 months to $26.4 million.

PNE’s flagship innovation is a low-temperature plasma-assisted separation process (LPAS™), a patented technology that significantly reduces costs, environmental waste, and carbon emissions commonly associated with lithium-ion battery recycling. PNE’s direct recycling approach enables higher critical material recovery rates and superior material performance compared with traditional recycling methodologies.

In addition to this $26.4 million Series A raise and preceding Seed Round of $7 million, PNE has secured multiple U.S. Department of Energy grants for battery recycling research of $18 million, in total. The new Series A funding further solidifies PNE’s commitment to reducing the nation’s dependence on foreign critical materials by securing the U.S. critical material supply chain, fostering domestic manufacturing capabilities, and cultivating high-quality clean energy jobs within the United States.

Read more at PR Newswire

Active Surfaces Secures $5.6M in Oversubscribed Pre-Seed Funding to Revolutionize Solar Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Active Surfaces, Safar Partners, MIT


Active Surfaces, an innovative flexible solar panel startup spun out from MIT, announced it has raised $5.6 million in an oversubscribed pre-seed funding round. The round was led by Safar Partners, a prominent deep tech venture capital fund. Additional participants—including QVT, Lendlease, Type One Ventures, Umami Capital, Sabanci Climate Ventures, New Climate Ventures, SeaX Ventures, and others—reflect a diverse support base ranging from institutional VCs to corporate backers.

Active Surfaces is pioneering the next generation of solar technology with its lightweight, flexible solar panels that can be integrated into virtually any surface. Unlike bulky traditional solar panels, Active Surfaces’ technologies will seamlessly blend into everyday environments, from small consumer products that can go anywhere to large commercial, office, and industrial buildings.

Read more at PR Newswire

Mitra Chem Secures Investment from Alpha Wave Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Mitra Chem, Alpha Wave Ventures


Mitra Future Technologies, Inc. (“Mitra Chem”), a pioneering innovator in North American lithium-ion battery materials, announced an investment from Alpha Wave Ventures as part of the company’s Series B funding round. As part of the investment, Elan Frantz has joined the company’s Board of Directors. Alpha Wave joins other distinguished investors in this round, such as General Motors, Zeon, InQTel, Techmet-Mercuria, and GS Futures.

Alpha Wave joins Mitra Chem amidst several breakthroughs, with Mitra Chem recently announcing its successful synthesis of multi-ton Lithium Iron Phosphate (LFP) cathode powder samples that meet industry-leading electric vehicle (EV) specifications. Mitra Chem aims to achieve mass production of their iron-rich cathodes by 2026, paving the way for widespread adoption of next-generation, IRA-compliant battery technologies.

Read more at PR Newswire

MetisX, a fabless startup in South Korea, raises $44M in Series A funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: MetisX


MetisX, a fabless startup based in South Korea, has recently secured $44 million in Series A funding, bringing its total funding to over $50 million. The company, established in 2022, focuses on developing intelligent memory solutions using Compute Express Link (CXL) technology, which is seen as the next-generation standard for interconnect technology. MetisX aims to revolutionize traditional CPU-centric computing architectures by introducing a data-centric approach that promises to be smarter, faster, and more cost-effective.

Despite being in the early stages of development, MetisX has attracted significant attention from new investors such as SV Investment, STIC Ventures, LB Investment, and the Industrial Bank of Korea, as well as follow-on investors from the seed round including Mirae Asset Venture Investment, Mirae Asset Capital, IMM Investment, SBI Investment, Tony Investment, and Wonik Investment Partners. These firms have made bold bets on the company’s potential, both in terms of its innovative product offerings and the expertise of its leadership team.

Read more at PR Newswire

€29 million funding boost for Danish flat optics manufacturer to scale manufacturing of high-performance camera lenses

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: NIL Technology


NIL Technology (NILT), a Copenhagen-based flat optics company, has secured €29 million in funding from investors such as the Export & Investment Fund of Denmark (EIFO), Jolt Capital, NGP Capital, and Swisscanto Private Equity. Established in 2006, NILT specializes in advanced nanostructures, particularly in nanostructured flat optics (meta-optics). The funding will support NILT’s efforts to scale its manufacturing capabilities and organization to meet the growing demand for its technology. This technology is crucial for developing ultra-compact, lightweight optical solutions with minimal power consumption and new functionalities for applications in consumer electronics, automotive, robotics, and more.

With demand for its technology increasing, NILT has matured its meta-optics technology across the value chain from design to prototyping and is now scaling its manufacturing organization and manufacturing capabilities to meet higher-volume customer requests. NILT’s manufacturing strategy by nanoimprint lithography (NIL) allows for more precise and versatile nanostructures that enables unmatched meta-optics performance.

Read more at Arctic Startup

Founders Fund leads financing of composites startup Layup Parts

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Layup Parts, Founders Fund, Anduril


Scarcely five months after its founding, hard tech startup Layup Parts has landed a $9 million round of financing led by Founders Fund to transform composites manufacturing. Lux Capital and Haystack also participated. Eakin, Layup’s CEO, would still be with Anduril, he says, if not for the idea to found Layup. “It was born out of a need that we had at Anduril — a need that the world has that became poignant during my time there,” he said.

Most areas of manufacturing have changed over the course of Eakin’s career, except composites, he said. Companies like Protolabs, Xometry and Fictiv have innovated processes like CNC-machining, sheet metal cutting and injection molding. These companies (and many others) have developed a frictionless, almost Amazon-like experience to getting hardware manufactured rapidly, and that’s left a permanent mark on the industry.

But there’s been no equivalent innovation in composite parts manufacturing. There are a few reasons for this, Eakin said. The first is that existing composites manufacturers aren’t well leveraged to develop the software tools required to do it well; the other is that composites are more artisanal and less easily automatable in certain steps of the process. So bringing the number of humans in the manufacturing loop close to zero is inherently more tricky.

Read more at TechCrunch

Li Industries Raises Series B Funding to Expand Next-Generation Battery Recycling Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Li Industries, Bosch, Khosla Ventures, LG, Chevron


Li Industries announced the successful raise of a $36M Series B funding round to scale up its next-generation lithium-ion battery recycling technologies. The round was co-led by Bosch Ventures, Khosla Ventures and LG Technology Ventures with Formosa Smart Energy Tech Corp., Anglo American Decarbonization Ventures and Chevron Technology Ventures coming in as new investors. They join existing investors, Shell Ventures and Myriad Ventures, to back Li Industries’ mission of providing the most circular, cost-effective, and sustainable solution for lithium-ion battery materials, under the guidance of Nobel Laureate Dr. M. Stanley Whittingham. Given investors’ interest, Li Industries plans to expand the round to $42M, which would bring its total private funding to more than $50M.

This new round of funding solidifies Li Industries’ growth trajectory to meet its partners’ growing needs for battery recycling services and battery materials. The capital raised will be used to construct a 10,000 ton recycling facility powered by Li Industries’ proprietary Direct Electrode-to-Electrode (Direct E2ETM) recycling technology. This expansion builds on the company’s Series A funding, which enabled the development of a 500-ton battery recycling facility in Pineville, NC, and a 1,000-ton battery sorting facility in Charlotte, NC.

Read more at PR Newswire

Hysata raises $111m USD led by bp Ventures and Templewater

📅 Date:

🔖 Topics: Funding Event, Green Hydrogen

🏢 Organizations: Hysata, bp, Templewater, POSCO


Australia-based company Hysata is developing new high-efficiency electrolysers that aim to produce green hydrogen at scale with higher energy efficiency and lower costs than alternative technologies. The company’s technology combines engineering and science in a unique capillary-fed alkaline electrolyser that uses less energy to convert water to hydrogen.

bp Ventures and Templewater led the recent $111.3 million USD investment round in the company, with strong backing from existing major strategic and financial investors IP Group Australia, Kiko Ventures (IP Group plc’s cleantech platform), Virescent Ventures on behalf of Clean Energy Finance Corporation, Hostplus, Vestas Ventures and BlueScopeX. The company also welcomed new major strategic and financial investors POSCO Holdings, POSCO E&C, IMM Investment Hong Kong, Shinhan Financial Group, Twin Towers Ventures, Oman Investment Authority’s VC arm IDO and TelstraSuper.

Hysata will use the funding to expand production capacity at its iconic beachside manufacturing facility in Wollongong, New South Wales and further develop its technology as it focuses on reaching gigawatt scale manufacturing.

Read more at PR Newswire

Lucid Bots Raises $9M Series A to Scale Productive Robotics Solutions

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Lucid Bots, Cubit Capital


Lucid Bots Inc., an industry leader in cutting-edge robotics for labor-intensive tasks, announced that it has raised $9.1M in Series A funding led by Cubit Capital, with participation from Idea Fund Partners, Danu Venture Group, and existing investors that include Y Combinator’s Growth Fund and Gratus Capital. Lucid Bots will utilize the funding to advance its portfolio of autonomous robotic solutions, including its flagship Sherpa cleaning drone and Lavo Bot pressure washing robot products, while rapidly scaling its operations and team to better serve its growing customer base and expand its platform into new markets.

Lucid Bots has built a capital-efficient infrastructure encompassing manufacturing, repairs, training, and customer success domestically built in Charlotte, North Carolina. The company’s solutions are redefining the landscape of autonomous commercial-grade cleaning technology for numerous customers across the commercial, industrial, and municipal sectors.

Read more at PR Newswire

Momenta Leads Investment in Composabl, Expanding Industrial AI and Autonomy

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Composabl, Momenta, Advantech, Rockwell Automation


Momenta leads the seed round for Composabl, a trailblazer in industrial AI and autonomy, joined by Ridgeline Ventures, Exposition Capital, and Hannah Gray Ventures. Composabl’s unique approach empowers engineers to deploy real-time autonomous agents for manufacturing and logistics, supported by Momenta’s investment and industry endorsements.

Composabl’s unique approach to autonomous AI represents a step change in industrial process capabilities and will drive advancements and efficiency for manufacturing and logistics. Built for industrial process engineers, not data scientists, Composabl helps create real-time process optimization AI agents, driving toward autonomous operations. Momenta’s investment will provide Composabl with the resources and support needed to accelerate the growth of its platform and market presence.

This is the sixteenth company receiving investment from Momenta’s Digital Industry Fund III, anchored by Advantech, the world leader in digital industrial solutions. This is also the first company to receive investment from Momenta’s Digital Industry Fund IV, anchored by Rockwell Automation, the world’s largest company dedicated to industrial automation and digital transformation.

Read more at PRWeb

Mycocycle Raises $3.6 Million to Transform Waste into Sustainable Raw Materials with Fungi

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Mycocycle, Closed Loop Partners


Mycocycle, a nature-inspired, woman-owned biotechnology company that uses fungi to transform organic waste into reusable materials, announced an oversubscribed $3.6 million Seed extension. Closed Loop Partners’ Ventures Group led the round with follow-on investment from the TELUS Pollinator Fund for Good and participation from U.S. Venture, Inc. and the Illinois Department of Commerce and Economic Opportunity INVENT Fund.

Mycocycle will use the funding to deepen relationships with existing partners for waste materials, further scale its waste-to-value chain, and make key leadership hires for marketing, technology, and operations teams.

Read more at GlobeNewswire

FleetPulse spun off from Great Dane, raises $11M for trailer telematics

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: FleetPulse, Four More Capital, Great Dane


Trailer telematics provider FleetPulse announced Wednesday it is spinning off as its own company after being incubated under trailer manufacturer Great Dane since 2017. The telematics provider is launching independently with $11 million raised including a $6 million seed round led by Four More Capital.

Reckers explained that now the company is looking to become independent to service the needs of all fleets by becoming OEM-agnostic. The FleetPulse team plans to leverage modern technology to enhance cargo safety, securement, trailer utilization and performance now that it has the independence to align itself with the market and attack its go-to-market strategy more aggressively.

Read more at Freight Waves

Pascal Raises $8M to Solve the HVAC Industry’s Climate Problem

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Pascal, Engine Ventures


Pascal, a startup developing high-efficiency climate-friendly heat pumps, air conditioners and refrigerators based on solid refrigerants, introduced its novel technology and announced it has raised an $8 million seed round led by Engine Ventures, with Khosla Ventures and previous investor Blindspot Ventures participating. The funding will be used to productize Pascal’s low pressure, solid refrigerant-based system, conforming to commercial HVAC specifications. The company will also use the capital to expand its Boston-based team of mechanical engineers, chemists, and material scientists.

Pascal’s novel class of solid refrigerants operate at lower pressures than previously possible and can be used across a range of HVAC applications, including heat pumps, air conditioners, refrigerators and freezers. The company believes its systems can be manufactured within the existing industrial ecosystem, using off-the-shelf parts from the conventional HVAC component supply chain. Companies operating in the commercial refrigeration supply chain, and any organization with heating and cooling needs across distributed locations can benefit from Pascal’s technology.

Read more at Business Wire

Renegade Plastics closes pre-Seed investment led by Schneider Resources Holding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Renegade Plastics, Schneider Resources


Renegade Plastics®, a leader in making coated fabrics more sustainable, is excited to announce closing a pre-Seed investment led by Schneider Resources Holding. The investment will help expand Renegade’s team and accelerate growth into new markets that are eager for a non-toxic and more sustainable alternative to vinyl-coated industrial fabrics.

Established in 2021, Renegade Plastics® is addressing the plastic problem by building a circular economy for coated fabrics, based on a proprietary polypropylene-based coated fabric that is non-toxic and able to be recycled, while lower carbon and lighter weight than the vinyl-coated fabrics that currently dominate the industry.

Read more at PR Newswire

Elementary Secures Strategic Investment from Rockwell Automation to Drive Adoption of AI Machine Vision for Manufacturing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Elementary, Rockwell Automation


Elementary, an innovator in AI-powered machine vision, proudly announces a significant milestone in its mission to redefine manufacturing automation with its AI-powered vision inspection. Rockwell Automation, a global leader in industrial automation and digital transformation, makes a strategic investment, signifying strong support for Elementary’s visionary approach to elevating manufacturing quality standards.

Elementary’s dedication to “closing the loop on quality” has set them apart in the field, leveraging advanced AI algorithms to ensure unprecedented accuracy and consistency in quality assurance processes. This new injection of capital enables Elementary to continue enhancing its product offerings - paving the way for a new era in AI-powered digital transformation within the manufacturing industry.

Read more at PR Newswire

Space Tech Startup Xona Raises $19M Series A for its Cutting-Edge Satellite Navigation Service

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Xona Space Systems, Future Ventures, Seraphim Space


Xona - a company developing a network of small satellites to provide high-precision navigation services - announced an oversubscribed $19 million Series A funding round led by Future Ventures and Seraphim Space. New investors NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq also joined the round.

This funding will be used to accelerate the deployment of Xona’s low Earth orbit (LEO) satellite network as they drive towards commercialization. With this round Xona will begin beta operations of their PULSAR™ satellite service which is aimed at providing the robust precision guidance needed for intelligent and autonomous technologies to scale beyond highly structured environments.

Read more at PR Newswire

MIT spin-off Rapid Liquid Print raises $7M for 3D printing

📅 Date:

✍️ Author: Dean Takahashi

🔖 Topics: Funding Event, Additive Manufacturing, 3D Printing

🏢 Organizations: Rapid Liquid Print, HZG Group, BMW, MIT


MIT spin-off Rapid Liquid Print has raised $7 million in funding for its novel liquid-based 3D printing technology. Boston-based Rapid Liquid Print was founded as an additive manufacturing startup in 2015 as a spin-off from the Massachusetts Institute of Technology (MIT). Germany’s HZG Group led the investment round, joined by BMW i Ventures and MassMutual through MM Catalyst Fund (MMCF).

The name of the company says it all: Rapid Liquid Print is a new 3D printing process developed at MIT’s Self-Assembly Lab in Boston. In this innovative process, a liquid object is “drawn” in three dimensions within a gel suspension. A gantry system injects a liquid material mixture into a container filled with a specifically engineered gel, drawing the desired object into three-dimensional space via a nozzle. The gel holds the object in suspension – as if in zero gravity – while the object cures during printing.

The entire printing process takes minutes and requires no additional support structures to be printed. The printed objects can be used immediately without post-processing.

Read more at VentureBeat

AI robotic arm to tackle labour shortages: Swiss startup mimic grabs $2.5M funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: mimic, Founderful, ETH Zurich


In the race to develop the first commercially available humanoid robot primarily concentrated in the US, mimic has closed a pre-seed round of $2.5 million. The round was led by early-stage Swiss investor Founderful, which invested in Isospec Analytics, together with participation from German-based fund another.vc, UK-based Tiny.vc, which invested in UltiHash, and a lineup of angel investors.

Spinning out from the research university ETH Zurich, mimic was founded by researchers Elvis Nava, Stefan Weirich, Stephan-Daniel Gravert, and Benedek Forrai in 2024. The founding team was working at the intersection of robotics and AI under Professor Robert Katzschmann’s Soft Robotic Labs when they became increasingly convinced that the latest developments in large-scale generative AI models would upend a multitude of industries, beyond just language and image generation.

As per the company, its solution will enable a robot with humanoid hands to understand and imitate any behaviour, simply by watching a human perform it. This deviates from the conventional robotic solutions and focuses on specific use cases. Since each use case requires expensive ad-hoc engineering and comprehensive pre-programmed movements, robots are only able to complete the narrowly specific task they are designed for. Most use cases are stationary and do not require a full humanoid robot with legs, so they have developed a robotic arm.

Read more at TFN

Octopus Energy’s valuation increases to $9bn following further commitments from existing investors

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Octopus Energy


Octopus Energy today announces a new valuation of $9bn as existing shareholders Generation Investment Management and Canada Pension Plan Investment Board (CPP Investments) increase their stakes in the business. The deal increases the global energy and technology group’s valuation by 15% on the last investment round, totalling $9 billion (£7.2bn).

The investment will increase Octopus Energy Group’s profile in the USA, fuelling the company’s plans to extend its Kraken technology into American markets, having signed the first deal in Texas in 2023. Octopus Energy closed its last funding round in December in which it raised $800 million. Since launching to the market eight years ago, Octopus has raised well over $2bn from global investors and expanded into 18 countries.

Read more at Octopus Energy Press

Carbon Robotics to Help Revolutionize Farming with AI, Using Investment from NVentures

📅 Date:

🔖 Topics: Funding Event

🏭 Vertical: Agriculture

🏢 Organizations: Carbon Robotics, NVIDIA


Carbon Robotics, the leader in AI-powered farming, today announced that it has received an investment from NVentures, NVIDIA’s venture capital arm. This underscores the power of AI in transforming farming worldwide, as well as Carbon Robotics’ leadership and innovation in the industry. Carbon Robotics’ LaserWeeder™ has been proven by top farmers to reduce weed control costs by 80 percent and significantly increase crop yield and quality. By providing farmers with an innovative weeding solution that does not rely on traditional methods of chemical herbicides, hand labor, or soil cultivation, Carbon Robotics is at the forefront of using AI to protect crops, people, and the planet.

Leveraging the power of 24 NVIDIA GPUs, the LaserWeeder processes 4.7 million high-resolution images per hour, offering unparalleled AI-driven plant detection and identification to target and eliminate weeds with lasers. The LaserWeeder can eradicate 5,000 weeds per minute with sub-millimeter precision and utilizes the world’s most diverse and fastest-growing agricultural image dataset, comprising 25 million labeled plants and more than 30,000 crop and weed models. The LaserWeeder also captures real-time metrics on crops and weeds and sends them to the cloud, providing farmers with actionable visual insights into their field farming operations at any time, from anywhere.

Read more at Business Wire

Mavarick AI snaps €1.3M to support sustainable manufacturing using AI

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Mavarick AI, Act VC


Traditional manufacturing management systems often rely on manual processes and legacy technology. This is where Irish startup Mavarick AI brings a paradigm shift in the industry. Using AI to analyse real-time data, the company enables sustainable manufacturing through AI.

In a recent development, Mavarick AI, which supports sustainable manufacturing, has raised €1.3 million in pre-seed funding. The investment round was led by Act VC and supported by a collection of successful founders.

The company plans to deploy the funding to expand its team, enhance its platform, and scale its operations to meet the growing demand for AI-driven manufacturing solutions. Also, it is actively recruiting talent to join its mission of shaping the future of manufacturing.

Read more at TFN

Wayve raises more than $1B in Series C

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Wayve, SoftBank


Wayve has raised $1.05 billion in its Series C funding round, the company announced. The artificial intelligence-powered autonomous driving company plans to use the new funding to bolster its goal of reimagining autonomous mobility through embodied intelligence - which is meant to extend past generative AI and large language models.

The company out of London received the funding from a group of investors led by SoftBank Group, with input from Nvidia, a new investor, and Microsoft, an existing investor.

Read more at Phocus Wire

Niobium Secures $5.5 Million in Venture Financing to Commercialize FHE Accelerator Chip

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Niobium, Galois


Niobium announced the completion of a $5.5 million seed fundraising round, marking a substantial step towards its future growth and development. This achievement is accompanied by the expansion of its Board of Directors, further strengthening the company’s leadership and strategic capabilities.

Niobium, a leading custom silicon provider, is revolutionizing the field of Zero Trust Computing with its innovative cryptography hardware. A fully homomorphic encryption (FHE) hardware accelerator is at the forefront of its product portfolio. This cutting-edge technology allows for computing on encrypted data, providing a mathematical guarantee of data privacy. Niobium’s purpose-built hardware acceleration for FHE is performance-led for the fastest FHE acceleration, unlocking new possibilities for the data economy.

Niobium is a spin-out from Galois, a consultant group leading advanced cryptography and privacy research and development. The Niobium founders built a dedicated team of the world’s most advanced cryptography experts and world-class chip designers to bring its FHE accelerator chip to market. Over the past two years, Niobium has received significant non-dilutive capital through federal programs focused on the development of the first dedicated hardware capable of advancing FHE into commercial applications.

Niobium will leverage this new funding to develop commercial applications for FHE acceleration, including healthcare and pharmaceutical research, financial fraud detection, blockchain public ledgers, digital advertising, and other use cases where sharing and analyzing data while maintaining complete privacy is paramount. Niobium also plans to grow its software engineering team, expand existing IP protection, and continue to optimize its FHE hardware products.

Read more at PR Newswire

PAXAFE Raises $9M Series A to Transform AI-Powered, Autonomous Cold Chain Logistics

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: PAXAFE, Framework Venture Partners


PAXAFE, the company delivering AI-powered decision support for cold chain logistics, has announced a $9M Series A funding round led by Framework Venture Partners, with new participation from M12 (Microsoft’s Venture Fund), Rosecliff Ventures, Elevate Ventures, AngelList Quant Fund, Gaingels, Mana Ventures and existing participants Ubiquity Ventures and Venture53. This new round brings the total funding raised to date to $14M; the capital will be used to meet increasing customer demand, fuel product innovation and expand global operations and key partner ecosystems.

PAXAFE transforms quality, transportation, and logistics operations for high-profile pharmaceutical and produce manufacturers, and cold chain service providers like Carrier, Transposafe and Hive-Zox. The company’s SaaS platform, CONTXT, quantifies strategic & operational risk, proactively predicts adverse events and recommends requisite actions to ensure perishable goods are delivered on time and in expected conditions. CONTXT helps end-users make complex, data-driven decisions in minutes, without requiring a significant financial investment in consultative support.

Read more at PR Newswire

Sweden’s greentech firm Cetasol secures €2M to boost maritime sustainability

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cetasol, Sarsia


Gothenburg-based Cetasol, a Swedish firm focusing on maritime sustainability, announced that it has secured €2M in a seed round of funding. The investment came from Sarsia, ShipsFocus, and Impact X Capital.

With this funding, Cetasol says it can broaden its market presence and enhance its product range. The company also aims to increase its product sales volume by doubling its research and development efforts and optimising software development.

Read more at Silicon Canals

Zanskar Raises $30 Million to Accelerate Discovery of Geothermal Energy for Clean and Affordable Power

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Zanskar, Obvious Ventures


Zanskar Geothermal & Minerals, the leading geothermal exploration company, announced the closing of $30M in new funding led by Obvious Ventures. The round, which includes participation by previous investors such as Munich Re Ventures, Union Square Ventures, Lowercarbon Capital, Safar Partners, and First Star Ventures, as well as newcomer Clearvision Ventures, enables Zanskar to scale its AI-led exploration technology to develop new geothermal resources. Zanskar will deploy the funds to accelerate technology development and advance its portfolio of greenfield power projects to serve new partnerships

Since its last fundraise in 2022, Zanskar has established itself as a leader in geothermal discovery. Public accomplishments include winning multiple contracts with the United States Department of Defense’s Defense Innovation Unit to explore new geothermal resources and advance their mission of energy resilience. In addition, its field data collection program collects more low-cost, early-stage field data every three months than what industry and academia combined did over the prior ten years. This early-stage field data program, in addition to rapidly iterating model predictions, enabled Zanskar to make more greenfield geothermal discoveries than the industry made over the prior ten years combined.

Read more at Business Wire

TXOne Networks, Leader in Cyber-Physical Systems (CPS) Security, Raises $51 Million in Total in Series B Extension Round Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: TXOne Networks, TGVest Capital, Pegatron


TXOne Networks, a leader in Cyber-Physical Systems (CPS) security, announced a significant achievement of securing $51 million in its Series B extension round of financing. In addition to TGVest Capital, the lead investor of the B round, Pegatron Group, CDIB Capital Group and CDIB-Innolux II L.P. are continuing to invest. New investors include the Taiwania Capital and Applied Ventures ITIC Innovation Fund, L.P. (AVITIC), a joint fund of Applied Ventures, LLC and ITIC-Taiwan (Industrial Technology Investment Corporation).

In April 2024, TXOne Networks announced its latest innovative CPS protection platform, the SageOne central management console. The new TXOne Networks platform delivers management of the CPS attack surface across the OT environment, combines advanced technologies with a user-friendly interface for securing critical infrastructures and enables integrated lifecycle protection.

Read more at PR Newswire

Ingersoll Rand Leads $19M Financing Round for Inkbit to Advance Multi-Functional Additive Manufacturing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Inkbit, Ingersoll Rand


Inkbit™, a pioneer in advanced additive manufacturing solutions, announced the closing of a $19M financing round led by Ingersoll Rand (NYSE: IR), with participation from Future Labs Capital, GC Ventures America, iGlobe Partners, Ocado, Phoenix Venture Partners, Stratasys, Zeon Ventures, and other private investors. As part of the transaction, Jason Weber, Vice President of Engineering, Compressor Systems and Services, North America, and Henry Ford III, Director at the Ford Motor Company and Trustee at the Ford Foundation, will join the Inkbit Board of Directors.

Inkbit envisions a world where new ideas for physical products can be tested, refined and deployed as rapidly as software. Innovation is an iterative process that flourishes on speed: prototypes should be on hand rapidly and should perform as closely as possible to the finished product. To accelerate this process, Inkbit has developed Vision-Controlled Jetting™ (VCJ), a multi-material manufacturing system that scales seamlessly from prototyping to production on the same platform. The technology converges advances in computation, chemistry and process control, to enable rapid manufacturing of innovative products such as complex industrial fluidics and bio-inspired robots.

Read more at PR Newswire

Insempra completes $20 million Series A

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Insempra, EQT Ventures, Henkel


Insempra, announces the successful completion of a $20 million Series A financing round. Following an initial $15m seed round conducted in 2021, this financing round will enable Insempra, to continue building a technology platform that delivers high-performance, intrinsically sustainable ingredients for a wide range of industries, while supporting the company in the scale up of its technology scouting, development, and manufacturing capabilities.

Existing investors EQT Ventures, BlueYard Capital, Possible Ventures, Taavet Sten and Acequia Capital participated in the round. New investors are the corporate venture of international FMCG giant Henkel, Henkel dx Ventures, Bayern Kapital and Alante Capital.

Read more at Insempra News

Insane Cyber closes $4.2 million funding round to safeguard critical infrastructure installations

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Insane Cyber


Insane Cyber, a vendor of industrial cybersecurity offerings, announced the completion of a US$4.2 million early-stage funding round to propel its mission to protect and defend critical infrastructure and operations through continuous innovation and community partnerships. The round was led by Paladin Capital Group, with strategic investment from a Fortune 200 energy company and participation from Cyber Mentor Fund.

Founded in 2020 by Dan Gunter, Insane Cyber has quickly established itself as an up-and-coming leader in the cybersecurity space, focusing on using automation to protect critical infrastructure and operations in energy, data centers, government, oil and gas, and other sectors.

Read more at Industrial Cyber

Chemovator invests in Detroit-based startup Heartland rethinking plastics using natural fiber reinforcements

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Heartland, BASF


Chemovator, the business incubator and early-stage investor of BASF, has successfully finalized an investment in Heartland. The Detroit-based startup is a frontrunner in the production of natural fiber plastic additives, and the latest addition to Chemovator’s external-facing Elevate program.

Supported by a team of scientists, engineers, and technologists, Heartland has developed hemp-based materials that can be used as additives within plastic compounds. This breakthrough advancement in the world of sustainable material innovation improves properties about flammability, bonding, dispersion, and bulk density, which are historically associated with processing natural fibers. As a result, natural fibers are now a viable market opportunity to reduce scope 3 carbon emissions1 in numerous industries.

With this funding, Heartland becomes Chemovator’s first portfolio company in North America and the latest addition to the Chemovator Elevate program. The program aims to support early-stage startups in the chemical industry through monetary investment, access to BASF and its experts, as well as support from a network of experienced entrepreneurs.

Read more at BASF News

GrayMatter Partners with Tailwind Capital to Transform Industrial Intelligence

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: GrayMatter, Tailwind Capital


GrayMatter, a top Industrial Intelligence technology solution provider, is accelerating its expansion with a significant investment from Tailwind Capital, a private equity firm focused on investments in growth-oriented, middle-market services companies.

This partnership comes at a pivotal time for GrayMatter. The company recently celebrated another year in which it met its organic growth objectives and completed two successful acquisitions. Over the past seven years, GrayMatter has successfully completed five strategic acquisitions, invested in a new operations team in India and assembled a respected team of technical engineers.

Read more at PR Newswire

Cin7 Acquires AI Forecasting Company Inventoro

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cin7, Inventoro


Cin7, the industry-leading inventory and order management software provider, announced the acquisition of Inventoro, a leading provider of AI-driven sales forecasting and replenishment optimization solutions. The acquisition and integration of Inventoro’s capabilities with Cin7’s platform will extend product seller’s access to state-of-the-art AI technology, enabling customers to enhance existing inventory and order management capabilities with intelligent prediction and optimization.

Powered by a proprietary AI engine, sellers can forecast demand with unmatched accuracy months in advance, maintaining optimal stock levels and eliminating overages. This allows sellers to make fast, impactful decisions – enabling both short and long term forecasting that translates insight into action. Not only does this help achieve over 99% product availability, it also frees up to 20% of inventory capital and saves valuable time through automated, streamlined operations.

Read more at PR Newswire

Deltia.ai bags €4.5M to combat manufacturing labour shortage using AI and computer vision

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Deltia AI, Cavalry Ventures


Berlin-based Deltia.ai, a computer vision software company, recently announced the completion of €4.5M in a seed funding round led by Cavalry Ventures, with participation from existing investor Merantix. The German company will use the funds to accelerate customer onboarding, enhance AI capabilities for machining processes, and integrate customer IT systems’ data.

The Berlin-based Deltia.ai offers a solution by using visual digitisation to convert manual production processes such as assembly, packaging, and machinery adjustments into digital formats. The algorithm used by the company analyses factors like hand movements and cycle times to identify any unnecessary steps, thereby proposing ways to improve the process.

Read more at Silicon Canals

Whitman Controls Secures $4.5 Million Investment from Advantage Capital to Catalyze Business Growth

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Whitman Controls, Advantage Capital


Whitman Controls, LLC., an industry leader in the custom design and manufacturing of pressure, vacuum, level, and temperature switches, announced it secured a $4.5 million investment led by leading impact investor Advantage Capital. The Bristol-based company will leverage the capital to support business growth initiatives and bring as many as 30 new jobs to the area.

The investment from Advantage Capital was made in connection with the InvestCT program, which opens up funding opportunities to entrepreneurs unable to attract traditional forms of capital. According to the Connecticut Department of Economic Community Development, the program created more than 1,500 jobs between 2016 and 2023. It has been instrumental in funneling financing to small businesses and targeted municipalities that have historically lacked investment, as well as pre-seed and early-stage businesses looking to get their start in the state.

Read more at Business Wire

Arris Secures Additional $34M in Funding

📅 Date:

🔖 Topics: Funding Event, Additive Molding

🏢 Organizations: ARRIS Composites


ARRIS®, an advanced manufacturer with a breakthrough technology enabling the highest-performing fiber-reinforced composites at scale, announced that it has raised $34 million in its latest fundraising round. The round saw participation from new and returning investors, including ST Engineering, Zebra Technologies, Youngone, Standard Industries, Vertex Exploratory Fund, NEA, XN, Taiwania Capital, Bosch Ventures, Modern Venture Partners (MVP), and Alumni Ventures Group (AVG). The funding will be used to build on the ARRIS’ success in scaling its global operations.

Founded in 2017, the ARRIS Technology team created a new manufacturing category called Additive Molding by pioneering the development of patented software, materials, and high-volume production methods that prioritize specific stiffness and strength. New levels of product performance are now possible with this first-of-its-kind advanced manufacturing platform, enabling continuous fiber-reinforced thermoplastic composite structures that are lighter and more sustainable.

Read more at PR Newswire

Invent Analytics Raises $17M to Help Retailers Maximize Profits with Supply Chain AI

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Invent Analytics, LFX Venture Partners


Invent Analytics, announced that it has secured $17 million in Series B funding. The investment round is led by LFX Venture Partners, in partnership with existing investors European Bank for Reconstruction and Development (EBRD) and Collective Spark. Invent Analytics is helping leading brands maximize profits by leveraging its AI-powered SaaS solutions for demand forecasting, inventory planning, replenishment, allocation, returns positioning, and pricing.

Read more at PR Newswire

Cogtive receives a R$10 million investment from Indicator Capital

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cogtive, Indicator Capital


Cogtive, a startup that enhances the productivity of Manufacturing industries through IoT technologies, digital twins, and artificial intelligence, receives a R$10 million investment from Indicator Capital, the largest early-stage venture capital firm in Latin America specializing in the Internet of Things (IoT). This investment aims to help the company address a significant challenge in the industrial sector: ensuring that factories operate at their maximum capacity by mapping inefficiencies in the production process and delivering tools for optimization.

Read more at PR Newswire

Silvaco Announces Launch of Initial Public Offering

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Silvaco


Silvaco Group, Inc., a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and AI through software and innovation, announced it has launched the roadshow for its initial public offering (“IPO”) of 6,000,000 shares of its common stock. The underwriters will have a 30-day option to purchase up to an additional 900,000 shares of Silvaco’s common stock from Silvaco at the IPO price, less underwriting discounts and commissions. The IPO price is currently estimated to be between $17 and $19 per share. Silvaco’s common stock is expected to begin trading on the Nasdaq Global Select Market under the ticker symbol “SVCO.”

Silvaco currently intends to use the net proceeds from this offering for general corporate purposes, including working capital, selling and marketing activities, research and product development, general and administrative matters, the repayment of outstanding debt, and capital expenditures. Silvaco may elect to use a portion of the net proceeds to satisfy the anticipated tax withholding and remittance obligations in connection with the settlement of certain equity compensation awards of Silvaco’s employees.

Read more at Business Wire

Shinkei Announces $6 Million in Seed Funding for Sustainable Robotic Fish Harvesting

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Shinkei, Cantos


Shinkei is pioneering a commercial fish processing technology and announced $6 million in new seed funding for the launch of its modern system that merges machine learning, robotics, and centuries-old fish harvesting techniques. The round was led by Cantos, with additional participation by 8VC, Impatient Ventures, Susa/Humba Ventures, Carya Venture Partners, Ravelin Capital, Red & Blue Ventures, Undeterred Capital, and others joining existing investors.

Fish is the primary source of protein for over 3 billion people, yet over 60 percent of all fish caught in America are never actually eaten. Shinkei automates the time-tested ike jime technique of humanely processing fish, enhancing the quality, taste and shelf-life of the raw product. Importantly, fish processed using this technology remain fresh for up to three times as long as the standard harvesting methods.

Read more at PR Newswire

Thintronics Inc. Closes $23M Series A Financing Round Led by Maverick Capital and Translink Capital

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Thintronics, Maverick Capital, Translink Capital


Thintronics Inc. is a California-based electronic materials startup supplying high-performance insulators for emerging AI datacenter, networking, and RF/millimeter-wave (mmW) applications. Thintronics Inc. has raised a Series A funding round for $23M, led by Maverick Capital and Translink Capital. Series A funding will support commercialization of a novel insulator platform.

The company was founded on the idea that conventional assumptions guiding insulator material development limited the capacity of the industry to innovate. They have since developed a suite of high-performance materials that display electrical and mechanical characteristics that far outpace the state of the art. Thintronics’ CEO Stefan Pastine emphasizes that “the interconnect insulator is foundational to modern electronics; however, it has yet to be optimized to operate near the theoretical limit of insulation. Additionally, the supply chain is fragmented across multiple electronic architectures. It is our vision to optimize the insulator and unify it across the fabric.”

Read more at Business Wire

Rodinia Generation raises €3M to fight garment waste with on-demand microfactories

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Rodinia Generation, EIFO, Climentum Capital investment


Rodinia Generation announced it has raised €3 million Seed funding. Rodinia Generation is a Danish tech startup that introduces high-tech software and hardware to the fashion industry to combat garment overproduction and make manufacturing processes more sustainable and efficient.

Microfactories make product-to-market time 19x faster. Using microfactories, garment designs can be produced in less than two weeks, even in as little as 48 hours, eliminating the need to overproduce to ensure supply – thereby helping reduce the nearly 50 billion unsold garments annually, which costs the fashion and textiles industry €188 billion.

Read more at Tech EU

Bioform Technologies raise $5M to develop bio-based single use plastic alternatives

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Bioform Technologies, Suzano Ventures


Bioform Technologies just secured $5 million in seed funding from Brazilian VC Suzano Ventures, the corporate venture capital arm of Suzano, the world’s largest market pulp producer. Recently, the VC backed Allotrope Energy. Also, similar startups such as Sparxell and Traceless Materials raised investments in the same category.

The funding will enable the company to accelerate the development of its novel bio-based plastic alternatives, realise a demonstration facility to pilot the manufacturing process and expand its team and capabilities.

Read more at TFN

Aropha Raises $1M in Seed Funding to Revolutionize Biodegradable Material Testing with AI and Lab Automation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Aropha, Comeback Capital


Aropha, a leading laboratory focused on advancing biodegradable material discovery and testing through lab automation and AI predictive modeling, announced that it has raised $1 million in a Series Seed funding round. The round was led by Comeback Capital, with participation from Lightbank and Right Side Capital Management (RSCM).

Aropha works directly with companies to provide rapid biodegradation testing and implement AI screening into their product development processes. The funding will be used to expand Aropha’s current laboratory operations, increase industry awareness, and fund the development of its biodegradation prediction model, ArophaAI.

To date, Aropha has helped more than 80 customers with their biodegradation testing through both in-lab and in-silico testing. Year-over-year booked revenue at the end of Q4 saw 190% growth. The company also recently published a free version of its predictive model, ArophaAI-2.

Read more at PR Newswire

GenAI-powered Battery Developer Chemix Closes Its $20M Series A Led by Ibex Investors

📅 Date:

🔖 Topics: Funding Event, Generative AI

🏢 Organizations: Chemix, Ibex Investors


Chemix, the pioneer in leveraging a vertically integrated and GenAI-powered self-driving lab for the rapid development of next-gen EV batteries, announced the completion of $20 million in Series A funding. The round was led by Ibex Investors, an investment firm with $1 billion in assets under management, with participation from Mayfield Fund, Berkeley SkyDeck, and Urban Innovation Fund. The round also included strategic investors including BNP Paribas Solar Impulse Venture Fund (SIVF), Global Brain’s KDDI Open Innovation Fund III (KDDI CVC), and Porsche Ventures, the venture capital arm of the sports car manufacturer Porsche AG.

To practically and effectively integrate GenAI into the battery development process, Chemix embarked on a journey from day one to build its own battery lab and collect its own data - creating its battery-specific MIX™ R&D platform. In less than three years, the company has tested 10,000 commercial-format pouch, cylindrical, and prismatic cells, screened through 4,000 unique electrolyte formulations and more than 2,000 pairs of unique electrode designs, and collected a total of 4.5 million cycles. The high-quality, specially curated, and AI-trainable data, all gathered through physical experimentation, have played a critical role in training Chemix’s proprietary transformer-based deep neural network, which then autonomously generates better materials and cell designs on a daily basis on behalf of battery engineers and scientists. For Chemix, this marks just the beginning of truly unleashing the full potential of GenAI to transform the decades-old battery industry, one data point at a time – a vision that is shared among both existing and newly joining Chemix investors.

Read more at Web Wire

MARKT-PILOT strengthens international market position with $43 Million Series A led by Insight Partners

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: MARKT-PILOT, Insight Partners


Just in time for its fourth anniversary, MARKT-PILOT announces the successful completion of one of Europe’s largest Series A financing rounds, led by global software investor Insight Partners with participation from existing investor Capnamic. The Esslingen-based company will use the capital to further expand its business in Europe and the US, solidifying its position as a global player in the manufacturing market.

Since its founding in 2020, MARKT-PILOT has been revolutionizing the manufacturing industry with PRICERADAR, a unique global SaaS solution for market-based spare parts pricing. PRICERADAR automatically researches prices and delivery times of spare parts and thus shows customers their competitive position and sales potential. After PRICERADAR’s success, the company launched its second product, PRICEGUIDE, in 2023 – a solution that provides optimized and validated price recommendations for customers’ spare parts portfolio.

Read more at PR Newswire

HighByte Announces Series A Raise to Accelerate Growth in Industrial DataOps Market

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: HighByte, Standard Investments


HighByte®, an industrial software company, announced its Series A funding round led by Standard Investments, a platform investing in innovative growth companies at the intersection of the digital and physical worlds. Standard Investments is leading the round with participation from existing HighByte investors, including Exposition Ventures, Maine Venture Fund, and outstanding convertible note holders. New funds will be primarily allocated across research and development, strategic partner management, and customer success to accelerate market penetration and expand deployments within existing accounts.

HighByte has developed a unique Industrial DataOps software solution, HighByte Intelligence Hub, that enables manufacturers to merge, prepare, and deliver modeled industrial data to and from IT systems without writing or maintaining code. Curating and contextualizing data at the edge is foundational to the success of advanced analytics and adoption of large language models in manufacturing. First released in 2020, HighByte Intelligence Hub has now been deployed in 18 countries by more than 60 industrial companies with multi-plant facilities.

Read more at PR Newswire

Italian deep tech startup Lithium Lasers raises €2 million to take UV lasers to the next frontier

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Lithium Lasers, 360 Capital, Primo Space Fund


Rovereto-based Lithium Lasers, an ultrashort pulse laser technology startup, announced it has raised €2 million from 360 Capital and Primo Space Fund. With the fresh capital Lithium Lasers will accelerate the process of industrialization and commercialization along with starting to work on a new line of UV Lasers set to be launched in the next few years.€1.5 million was committed by Primo Space Fund with the co-investment of 360 Capital, which reinforces its dedication towards innovation in the Deep Tech Industry.

Founded in 2019, Lithium Lasers has developed a USPL called FemtoFlash for material processing, biophotonics and non-linear optics applications in several industries (eg. aerospace, healthcare, automotive, consumer electronics, among others), particularly useful when dimensional accuracy and tighter tolerances are needed. Because of its ease of integrability, FemtoFlash is easier to install, lowering setup costs for clients.

Read more at EU Startups

Magnus Metal Raises $74 Million in Series B Funding to Transform Metal Part Casting With its Revolutionary Digital Casting™ Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Magnus Metal, Entree Capital, Target Global


Magnus Metal, a pioneering technology in industrial, high volume digital casting for metal alloys, announced it has raised $74 million in Series B funding, co-led by Entrée Capital and Target Global with additional participation from Caterpillar Ventures, Tal Ventures, Deep Insight Ventures, Awz Ventures, Lumir Ventures, Discount Capital, Lip Ventures, Cresson Management, Next Gear Fund and Essentia Venture Capital. Magnus Metal will use the latest capital to further develop its innovative casting technologies, while expanding its operations locally and globally to support its Fortune 100 customers.

Magnus Metal innovates the centuries-old metal casting industry by providing an Industry 4.0-based fully automatic manufacturing solution that makes the process faster, safer, and environmentally friendly while both improving quality and reducing cost. Magnus Metal is the first and only additive manufacturing technology that uses the Customer’s current metal raw material providing huge benefits in adoption rate.

Read more at PR Newswire

GA Drilling Announces First Close of $15M to Accelerate the Delivery of Deep Geothermal Energy

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: GA Drilling, Nabors


GA Drilling, the leader in deep geothermal, announced the first close of $15 million in financing after a series of successful tests. The investment fuels the commercialization of geothermal technologies to scale the renewable energy source as a real option to replace fossil fuels for baseload power. Delivering deep geothermal faster and at deeper depths while remaining cost-effective is how the company will go from delivering megawatts of energy to terawatts. Investors include leading global drilling rig, services, and technology provider, Nabors, Christian Oldendorff’s new Family Office, alfa8, the previous CEO of private equity firm EQT, Thomas von Koch, newly established geothermal fund Underground Ventures, and Slovakia-based, Neulogy Ventures.

Read more at Globe Newswire

AI Precision Spraying Pioneer Greeneye Technology Raises $20M to Scale U.S. Operation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Greeneye Technology, Deep Insight


Greeneye Technology, the pioneer of AI-enabled precision spraying technology that is proven to reduce herbicide use in farming by an average of 88%, announces the completion of a $20m funding round led by Israeli investment company Deep Insight. The investment will be used to significantly scale Greeneye’s operation in the U.S. and to advance the technology’s analytical capabilities and extend its usage to new inputs and crops. The next phase of expansion will see dozens more systems deployed in farmers’ fields this year, targeting the 200m acres of corn, soybean and cotton grown in the U.S.

The round is supported by existing investors Syngenta Group Ventures, JVP, Orbia Ventures, and Eyal Waldman, the founder and former CEO of Mellanox (now part of Nvidia), as well as other notable new investors including Iron Nation and Amol Deshpande, the founder and former CEO of FBN. Also as part of today’s announcement, Greeneye welcomes Barak Ben Eliezer, Managing Partner at Deep Insight, to its Board of Directors.

Read more at PR Newswire

Tree Energy Solutions secures €140M to fuel production of electric natural gas derived from green hydrogen

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Tree Energy Solutions, Azimut Group, Fortescue, EON


Brussels-based Tree Energy Solutions (TES), a global green energy company, announced that it has concluded its third fundraising round at €140M from financial institutions and energy investors, including Azimut Group, Fortescue, E.ON, HSBC, O.G. Energy, Zhero and others. Existing shareholders, including AtlasInvest, Reggeborgh, Zhero, and Zodiac Maritime, participated in the funding round.

The company will use the funds to develop its global portfolio of large-scale e-NG (electric natural gas derived from green hydrogen) production projects and its import terminal project in Wilhelmshaven, Germany.

Read more at Silicon Canals

KODE Labs Secures $30M Series B Funding to Propel Global Net-Zero Building Emissions

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🔖 Topics: Funding Event

🏢 Organizations: KODE Labs, Maverix Private Equity


KODE Labs, a pioneering Detroit-based autonomous smart building startup, proudly announced the closure of a robust $30 million Series B round. Spearheaded by Maverix Private Equity, this milestone round also saw enthusiastic participation from esteemed partners TELUS Ventures and existing investor I Squared Capital. The infusion of strategic capital marks a pivotal moment for KODE, empowering the company to help buildings worldwide achieve net-zero emissions.

Read more at PR Newswire

Averatek, Relaunches as LQDX.com, Raises $10M in Equity & Government Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: LQDX


Averatek Corp., developer of high-performance materials for advanced semiconductor manufacturing, announced that it has relaunched as LQDX (‘lik-WID-ix) to focus on the rapid adoption of its Artificial Intelligence enabling chemistries and process technologies. To fund this next stage of growth, the company has concluded a combined equity and initial government funding round of $10M USD.

Read more at PR Newswire

Lockheed Martin leads 3 million USD investment round in Q5D to make tooling to automate wiring harness manufacture

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Q5D, Lockheed Martin


Q5D Technology, a company specializing in hardware and software tools for automating wiring harness manufacture, announced today the successful closure of a $3 million investment round, led by Lockheed Martin Ventures, the venture investment arm of Lockheed Martin Corporate, a global aerospace and defense company.

Lockheed Martin’s investment arrives at a pivotal moment for Q5D as it transitions from project-based revenue to machine sales, following the successful launch of its first hardware product last year.

Read more at Q5D News

CleanFiber wants to turn millions of tons of cardboard boxes into insulation

📅 Date:

✍️ Author: Tim De Chant

🔖 Topics: Funding Event

🏢 Organizations: CleanFiber, Spring Lane Capital


Spring Lane Capital, a sustainability-focused private equity firm, had been watching CleanFiber’s progress and, happy with the numbers the startup was posting, decided to lead a $28 million Series B that also included a $31.5 million project financing facility, TechCrunch has exclusively learned. Spring Lane was joined by Ahlström Invest, AXA Investment Managers, Climate Innovation Capital and Tokyu Construction/Global Brain.

Using an entirely new process to transform a different feedstock into a drop-in replacement for existing cellulose insulation was one challenge the company faced when developing its product. It couldn’t cost any more, and it had to perform as well or better for the installers who deal with it on a daily basis.

With a first-of-its-kind plant built and operational, CleanFiber has been able to traverse one of the most treacherous parts of the valley of death that often claims startups trying to commercialize a new technology. Building new additional factories won’t be a walk in the park, but it should get easier with each subsequent one. Plus, Strimling points out that more stringent building codes mean that new homes require more insulation than ever before. In other words, CleanFiber doesn’t need established players to lose for it to win.

Read more at TechCrunch

SmartD Technologies secures $14.2 Million Series A

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: SmartD Technologies, Investissement Québec


SmartD Technologies, a leader in the development of Silicon Carbide (SiC)-based variable frequency drives, proudly announces the successful closure of its Series A funding round, securing a total of $14.2 million in investment. Leading the funding round is Investissement Québec, with significant participation from Hammond Power Solutions. This round is further bolstered by continued support from existing investors, Boreal Ventures and SE Ventures.

This infusion of capital marks a crucial milestone for SmartD Technologies as it embarks on an accelerated trajectory towards revolutionizing the variable frequency drive (VFD) landscape. The funding will be strategically utilized to expedite the realization of SmartD’s ambitious roadmap, particularly focusing on the development and commercialization of higher power versions of its groundbreaking Clean Power VFD.

Read more at SmartD News

Zero-Emission Truck Developer Windrose Technology Completes US$110 Million Series B Financing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Windrose Technology


Electric heavy-duty truck developer Windrose Technology has announced completion of the second phase of its Series B financing, raising the total funding for this round to US$110 million. The investors of this round of financing include London-based HSBC, Boston-based HITE Hedge Asset Management, industrial real estate and digital infrastructure specialist Goodman Group (ASX:GMG), and executives from global brands and logistics companies.

The proceeds of this series B financing will be used to accelerate the testing and deployment of Windrose Technology’s electric long-haul trucks globally, to set up a new supply chain center and production facility, as well as to implement fast-charging infrastructure. The first installation of one of the world’s fastest mega-watt level chargers at Goodman’s Citylink property near Beijing, China will be operational in the second quarter of 2024.

Read more at PR Newswire

Trident IoT Completes $10M Fundraising Round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Trident IoT


Trident IoT, a silicon provider and RF technology company focused on decreasing time-to-market for connected device manufacturers, today announced completion of a $10 million fundraising round.

Trident IoT offers Z-Wave silicon solutions and product design and development consulting services for any RF technology. This latest fundraising round will allow the company to expand silicon/hardware solutions development, engineering support, and certification preparation services across the gamut of IoT and connectivity platforms, including Z-Wave, Zigbee, Thread, Matter, LoRa and more.

This investment positions the company to future-proof a growing portfolio. Trident IoT will invest newly raised funds toward the development of its AI division, creating purpose-built AI tools to accelerate IoT product design. These resources will also allow Trident IoT to scale engineering resources and speed the development of design tools, including pre-FCC-certified System-in-Packages (SIP)s, SDKs, and reference designs.

Read more at PR Newswire

Collaborative Robotics Raises $100 Million in Series B Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Collaborative Robotics, General Catalyst


Collaborative Robotics, (or Cobot), a leader in the development of practical collaborative robots (cobots), today announced it has raised $100 million in Series B funding led by General Catalyst and joined by Bison Ventures, Industry Ventures and Lux Capital. Existing investors Sequoia Capital, Khosla Ventures, Mayo Clinic, Neo, 1984 Ventures, MVP Ventures and Calibrate Ventures participated as well, bringing the total funding raised to over $140 million in less than two years.

Read more at PR Newswire

Oden Technologies raises $28 million for AI analysis of manufacturing data

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Oden Technologies, Nordstjernan Growth


Oden Technologies, the leading data and AI software company servicing the manufacturing industry, announced today the close of a $28.5 million Series B round, led by Nordstjernan Growth. The funding will primarily be used to further accelerate the development of AI products for the manufacturing industry.

New investors in the round include Klarna founder Sebastian Siemiatkowski’s investment company, Flat Capital, Oden customer INX International Ink Co., and Recurring Capital Partners, with participation from almost all existing investors, including Atomico and EQT Ventures. Ebba Lilliehöök, from Nordstjernan Growth, and Anders Berggren, an independent manufacturing executive, will join Oden’s board as part of the round.

This round of funding comes on the heels of the huge success of Process AI, Oden’s machine-operator centric product. Process AI gives operators the information they need to optimize their runs for cost savings, increased output, or other corporate objectives in real-time through prescriptive process recommendations and predicted outcomes. These capabilities enable new operators to perform like experienced ones, which solves a major labor productivity challenge caused by an average 50% three-month retention rate for operators, and a time to productivity of more than two years on the line. Operator adoption has been outstanding, with over 80% of runs utilizing the recommendations within enabled lines; which has increased line speeds by more than 40% at some customers.

Read more at Newswire.com

Proxima Fusion bags €20 million seed to accelerate timeline to fusion power

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Proxima Fusion, redalpine


Proxima Fusion, the first spin-out from the Max Planck Institute for Plasma Physics (IPP), has raised €20 million in seed funding to propel the Munich-based startup towards building the first generation of fusion power plants based on quasi-isodynamic (QI) stellarators with high-temperature superconductors. Proxima Fusion’s seed round, led by redalpine, was preempted and oversubscribed, with participation from the Bavarian government-backed Bayern Kapital, German government-backed DeepTech & Climate Fonds, and the Max Planck Foundation. Existing investors, including Plural, UVC Partners, High-Tech Gründerfonds, Wilbe, and TOMORROW of Visionaries Club have doubled down on their pre-seed investments.

Founded in 2023, the company builds on groundbreaking results from the Wendelstein 7-X (W7-X) experiment, the world’s largest stellarator at the Max Planck IPP, resulting from €1.3B of visionary public investment by the German Government and the European Union.

Read more at EU Startups

MODE, Inc. to Drive Global Expansion With Generative AI and IoT

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: MODE


MODE Inc. (MODE), based in San Mateo, California, USA, led by CEO Gaku Ueda, and specializing in providing solutions that advance digital transformation at factories and construction sites through the power of the internet of things (IoT) and generative AI, announces it’s closing $8.75 million in Series B funding. This round includes investments from SBI Investment Co., Ltd., True Ventures, JR East Startup Co., Ltd., and Daiichi Jitsugyo Co., Ltd.

With this round of funding, including contributions from existing customers such as JR East Start-Up Co., Ltd. and Daiichi Jitsugyo Co., Ltd., MODE aims to accelerate the development of “BizStack AI Assistant,” a product that integrates generative AI with on-site data. MODE intends to address the issue of labor shortages on sites by creating an environment where humans and AI work together as a team. This funding round will also fuel expansion to the North American market, with regards to both customer acquisition and potential global partnerships.

Read more at Access Wire

Reshape Raises $20 Million Series A to Scale AI-Powered Imaging and Analysis Platform for Biotech, Agriculture, and Food R&D

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Reshape, Astanor Ventures


Reshape, the world’s first AI and robotics-powered imaging and analysis platform, today announced a $20m Series A investment led by Astanor Ventures, R7, ACME, Y Combinator, Unity Co-Founder Nicholas Francis, and Per Falholt. The company plans to use the funding to expand its US operations and continue automating R&D for agricultural, industrial, and biotech organizations.

Founded in 2018 in Copenhagen, Reshape enables biological researchers to automate visual experiments by capturing and analyzing data points instantly and accurately. The solution empowers research labs to accelerate the pace towards scientific discoveries by minimizing errors and maximizing time for value-adding tasks, guiding microbiological research with precision towards a deeper understanding of nature. The company’s technology is already used by dozens of leading organizations including Syngenta, University of Oxford, Novozymes, and others who save more than 500,000 hours each year in manual research processes.

Read more at Web Wire

Windfall Bio Raises $28 Million Series A to Scale Methane Capture & Transformation Solution

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Windfall Bio, Prelude Ventures


Windfall Bio, a leader in methane-to-value solutions, announced its $28 million Series A funding round led by Prelude Ventures with participation from Amazon’s Climate Pledge Fund, Global Brain (through its Norinchukin Innovation Fund L.P.), Incite Ventures, and Positive Ventures. Existing investors also participated in the round, including B37 Ventures, Breakthrough Energy Ventures, Mayfield, and UNTITLED (a fund backed by the Tetra Laval family). Supporting its commercial pipeline, the new capital will enable Windfall to expand pilot deployments across methane intensive industries including agriculture, oil and gas, and waste management. Windfall will also invest resources to continue building out its team, manufacturing capacity and supply chain to meet growing global customer demand for methane mitigation solutions.

Read more at Business Wire

ROKAE Completes Strategic Plus Round Financing Exceeding CNY 500 Million

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ROKAE


Following its strategic round financing in 2022, ROKAE has recently completed a strategic plus round financing exceeding CNY 500 million. This funding round has received joint support from the National Manufacturing Industry Transformation and Upgrading Fund and Zoucheng City’s New Kinetic Energy Industrial Investment Fund, with the capital primarily allocated towards market development, international expansion, product upgrades, iterative development, and refined operational management.

Read more at Equal Ocean

Varda Announces $90 million Series B Funding to Build Factories in Space

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Varda Space, Caffeinated Capital


Varda Space Industries, Inc., the world’s first in-space manufacturing and hypersonic Earth re-entry logistics company, today announced the completion of a $90 million Series B funding round, led by Caffeinated Capital, with participation from Lux Capital, General Catalyst, Founders Fund, and Khosla Ventures. Varda has raised $145 million to date.

In addition to the successful reentry of the W-1 capsule earlier this year, the Varda team has also published on the discovery of a third form of the HIV drug Ritonavir, as well as the development of a hypergravity crystallization platform, which has shown ways that gravity can be used as a variable in small molecule therapeutics formulation and development. Varda’s second vehicle, W-2, is scheduled to launch this summer.

Read more at PR Newswire

REDUCED secures EUR 6 million financing led by Novo Holdings to scale its natural food ingredients business

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: REDUCED, Novo Nordisk


REDUCED, a Copenhagen-based company that uses fermentation technology to transform food and agriculture industry side streams into natural food ingredients, today announced it has secured EUR 6 million in new financing. The funds were raised from a range of investors, including new investment from Novo Holdings and the Nordic flavour house Einar Willumsen, as well as existing investors EIFO and Rockstart Agrifood.

Proceeds from the round will be used to further develop its technology platform, broaden its portfolio of savoury ingredients, secure production capacity, implement certifications, and increase sales and marketing efforts.

Read more at PR Newswire

York IE Invests in Völur

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Volur, York IE


York IE, an advisory and venture capital firm that helps technology companies grow, announced its investment in Völur, a global software company in meat industry optimization. York IE participated in Völur’s $2.8 million funding round, as did Serra Ventures and Völur’s corporate partner, SARIA. Existing investors Idékapital, Fusion Fund and Fortress Fund followed on with additional investments. Völur’s funding will help the Oslo-based company ensure top-line growth and continue to revolutionize the meat industry with data and AI methodologies.

Read more at York IE

SiMa.ai Secures Funds and Readies New Generative Edge AI Platform

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: SiMa AI, Maverick Capital, Dell


SiMa.ai, the software-centric, embedded edge machine learning system-on-chip company, announced it has raised an additional $70M of funding led by Maverick Capital, with participation from Point72 and Jericho, as well as existing investors Amplify Partners, Dell Technologies Capital, Lip-Bu Tan and others. SiMa.ai will utilize the $270M raised to date to continue meeting customer demand for edge AI/ML with its first-generation Machine Learning System-on-Chip (MLSoC) while accelerating the delivery of its second-generation MLSoC for release in Q1 of 2025.

Read more at SiMa AI News

OROS Labs®, creators of Solarcore® insulation, secures $22 million in Series B funding led by Airbus Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: OROS Labs, Airbus


OROS Labs, an innovative thermal solutions company, announced the closure of its Series B funding round, raising $22 million to support the company’s expansion in consumer, commercial and government industries. The round of funding was led by Airbus Ventures, with participation from REI Co-op Path Ahead Ventures, Platinum Mile Ventures, Culper Ventures, Crumpton Ventures, Iron Gate Capital Advisors, Enlightenment Capital, CTK and the Goldwin Play Earth Fund, among others.

Solarcore®, leverages the thermal properties of Aerogel, the world’s lowest thermally conductive solid, to revolutionize insulation for a multitude of applications – from structures and packaging to cold weather apparel and footwear. By combining cutting-edge technology with innovative design, Solarcore sets new standards for thermal efficiency, along with being durable, versatile and applicable to many different product categories.

Read more at Business Wire

Swedish startup Alrik raises €1M to reduce carbon emissions in construction

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Alrik, Pi Labs


The operations software provider Alrik just raised €1 million in seed funding from global venture capital firm Pi Labs, which recently invested in Moonhub, Pathways, and Stockoss. The Swedish startup eyes to expand its services across Europe with the latest investment. It is in plans to reduce the construction sector’s large carbon footprint.

Read more at TFN

Torus Secures $67 Million in Venture Financing to Advance Energy Storage and Energy Management Platform

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Torus, Origin Ventures


Torus, Inc. announced a significant milestone in its journey: the successful completion of an equity fundraising round and the expansion of its Board of Directors. This financing round, totaling $67 million in new equity, conversion of outstanding notes, and a loan facility, was led by Origin Ventures, a venture capital firm known for supporting disruptive software and hardware companies powering the Digital Native economy. The financing also saw contributions from notable institutional investors including Epic Ventures, Cumming Capital, the Larry H. Miller Company, Zions Bank, Pelion and ICONIQ.

Torus plans to use these funds to deepen its energy solutions portfolio in the commercial and large-scale utility sectors and add critical talent to the Torus team.

Read more at Business Wire

Alsym Energy Announces $78M Funding Round Led by Tata Limited and General Catalyst

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Alsym Energy, Tata Limited, General Catalyst


Alsym™ Energy, a developer of next-generation non-flammable rechargeable batteries for stationary storage, marine and mobility applications, announced a $78 million funding round jointly led by Tata Limited (a wholly-owned subsidiary of Tata Sons) and General Catalyst, a global venture capital firm. New York-based Thrive Capital and Toronto-based Thomvest also joined in the round, as well as existing investor Drads Capital. Alsym will use the funds to grow its Boston-area team and expand its prototyping and pilot lines to address increasing demand for customer samples. This commitment from leading strategic investors and venture capital firms highlights the growing interest in high-performance, inexpensive non-flammable battery technologies.

Read more at Business Wire

actnano, Inc. Announces $40 Million Investment

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: actnano, Anthelion Capital


actnano, Inc., a global leader in surface protection technologies for automotive, consumer, and industrial electronics, announced the closing of a $40 million investment by Anthelion Capital. actnano’s innovative solutions are trusted globally by leading electronics OEMs and Tier-1 suppliers to provide advanced protection from water and harsh environmental conditions. The company will use the proceeds to continue to expand its technical sales and services footprint as well as to increase production volumes and efficiencies to meet the global demand for their product.

Read more at Business Wire

BurnBot Secures $20M in Series A Funding to Prevent Destructive Wildfires with Mechanized Vegetation Management

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: BurnBot, ReGen Ventures, Toyota


BurnBot, announced it has raised $20 million in financing to expand its mechanized vegetation management and fuel treatment solutions to prevent destructive wildfires. The round was led by ReGen Ventures, with participation from Toyota Ventures, AmFam Ventures, Convective Capital, Blue Forest Asset Management, Skip Capital, Overture Ventures, Lowercarbon Capital and Pathbreaker Ventures.

To amplify prescribed fire capacity, BurnBot developed the RX, a mechanized prescribed fire system that precisely deploys fire within an enclosed chamber, cooling the land as it moves. “Our technology is a force multiplier, enabling small crews to treat areas 10X faster and more efficiently. We know that fire is an effective and ecological way to manage fuel buildup and we designed the RX to operate with minimal smoke and escape risk, so it’s safe for use year-round, even near communities and critical infrastructure. This investment will allow us to expand our technology development and operations, and we’re excited to make a positive impact,” said Waleed “Lee” Haddad, Co-Founder and CTO of BurnBot.

Read more at PR Newswire

Ailytics raises US$2.7m to power next generation scenario-based AI monitoring for heavy industries

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ailytics, Tin Men Capital


Ailytics, a Singapore-based B2B heavy industry software startup which utilises scenario-based AI-powered video analytics solutions to help companies enhance their operational safety and productivity has successfully secured its oversubscribed Pre-A funding of US$2.7mil led by Singapore-based venture capital firm, Tin Men Capital, that focuses on B2B software startups in Southeast Asia. The round is also joined by Aurum Investments, AngelCentral, and other strategic investors.

The startup’s proprietary solution taps on existing cameras to provide real-time actionable insights of unsafe acts, productivity metrics, and security breaches. It can provide 3D dimensions using a 2D video feed from any single camera, which enables the deployment of complex use cases such as calculating the danger zone under heavy load and a fixed radius around hazardous equipment. The solution can be deployed with high accuracy using existing low resolution cameras, even in harsh environments, making it suitable for dynamic environments found in heavy industries such as construction sites and manufacturing plants.

Read more at PR Newswire

Loar Files Registration Statement for Proposed Initial Public Offering

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Loar Holdings


Loar Holdings, LLC, which will convert into a corporation and be renamed Loar Holdings Inc. (“Loar”), announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Loar has applied to list its common stock on the New York Stock Exchange under the symbol “LOAR.”

Read more at Access Wire

NobleAI Secures Over $10 Million in Series A Extension Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: NobleAI, Sway Ventures


NobleAI, a pioneer in Science-Based AI solutions for Chemical and Material Informatics, announced over $10M in Series A extension financing. New investor Sway Ventures led the round, joined by Dorilton Ventures. In a sign of continued commitment to NobleAI, the round included additional investments from all of NobleAI’s original Series A investors.

NobleAI is a pioneer of Science-Based AI, an approach that relies on Specialized Science-Infused Models (SSMs) as opposed to the Large Language Models powering Generative AI. By combining the power of AI with applicable scientific laws, NobleAI helps companies slash research cycle times and speed product development – even when they are starting with smaller private or industry-specific data sets.

Read more at Globe Newswire

Renewable fuels company Raven SR bolsters leadership team, secures $15M investment

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Raven SR, Ascent Funds, Chevron, ITOCHU


Raven SR Inc., a renewable fuels company, announced key board additions and an executive promotion, coupled with securing $15 million in new investments, positioning the company for further growth and innovation in the clean energy sector.

The company said the latest fundraising underscores the confidence in Raven SR’s proprietary Steam/CO2 Reforming technology that converts various waste streams into renewable transportation fuels like hydrogen and sustainable aviation fuel (SAF). The process outperforms all known alternatives in efficiency, producing more hydrogen and SAF per ton of waste.

Ascent Funds, a venture capital fund dedicated to advancing the energy transition, led the latest $15 million investment, with contributions from existing investors Chevron New Energies, ITOCHU Corp. and Stellar J Corp., the engineering, procurement and construction company managing construction of Raven SR’s hydrogen project in Richmond, California.

Read more at Raven SR

Sparxell Raises $3.2m to Advance Development of Sustainable Pigments

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Sparxell, Circular Innovation Fund, University of Cambridge


Sparxell, the UK-based developer of high-performance, sustainable, plant-based pigments, has completed a $3.2m funding round (comprising seed investments, grants, and awards) to accelerate development and commercialisation of products which will eliminate synthetic chemicals from colourants in multi-billion dollar markets including in cosmetics, fashion, paint, and packaging.

The Circular Innovation Fund, a global venture capital fund jointly managed by Demeter and Cycle Capital with L’Oréal as an anchor investor, participated in the seed funding alongside others including SpaceX-backer Futre Communities Capital, PDS Ventures, Katapult, Joyance Partners and SNØCAP VC.

Read more at Business Wire

Blue Sage Capital Invests In American Alloy

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Blue Sage Capital, American Alloy


Blue Sage Capital is pleased to announce its recently completed investment in American Alloy. American Alloy is a metal component and sub-assembly manufacturing platform focused on serving OEM customers in the packaging, food & beverage, industrial automation, hard rock mining, and other general industrial markets. The Company has distinguished itself through its best-in-class quality, quick-turn fulfillment, stainless steel and segregated/clean room manufacturing expertise, and full-service fabrication and machining capabilities for low-to-medium volume parts. American Alloy has built a long-standing reputation for being a trusted manufacturing partner for its blue-chip customers and is well-positioned to continue to benefit from the secular growth in automation investment within all verticals of the manufacturing economy.

Blue Sage will support American Alloy as it seeks to further build out its presence within current and targeted new markets through organic efforts and M&A. In conjunction with the transaction, the Company’s COO, Brett Stevens, has been named CEO and will lead the business in partnership with Blue Sage. American Alloy’s founder, Garret Guinn, will remain involved with the business as an employee, board member, and shareholder.

Read more at Business Wire

EIG’s MidOcean Energy Announces Strategic Investment from Mitsubishi Corporation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: EIG, MidOcean Energy, Mitsubishi


MidOcean Energy, a global liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, announced a strategic investment by Mitsubishi Corporation. Mitsubishi Corp’s investment will accelerate MidOcean’s strategy to create a high quality, diversified, global ‘pure play’ integrated LNG company.

Read more at Business Wire

watttron raises €12M to expand its sustainable packaging solutions

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: watttron, Circular Innovation Fund


Germany-based watttron, a company that claims to be a leader in digital temperature control systems, announced that it has secured €12M in a Series B round of funding. With this funding, watttron aims to transform sustainable packaging solutions and broaden its presence in American and Asian markets.

The investment was led by the Circular Innovation Fund (CIF) and the European Circular Bioeconomy Fund (ECBF), signalling a global push for sustainable innovation in packaging. Long-term partners TGFS Technologiegründerfonds Sachsen, Constancia New Business (CNB), SKion GmbH, and BA Mr. Rico Kleinhempel, along with new investors, are also supporting watttron in its mission to advance sustainability in the packaging industry.

Read more at Silicon Canals

Robovision raises $42M to accelerate AI-powered industrial automation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Robovision, Target Global, Astanor Ventures


AI-powered computer vision, Robovision, has raised $42 million in its latest investment round, bringing its funding to $65 million. Headquartered in Ghent, Robovision’s AI-powered computer vision platform offers an end-to-end, no-code solution for machinery manufacturers and production lines. Target Global and Astanor Ventures led the round. Red River West also joined the funding round.

The funding round will help accelerate Robovision’s U.S. expansion, fostering a robust local presence to address the increasing demand for automated solutions in American factories. The funds will also be used to invest in R&D and growth in existing markets, with future office openings planned across Germany, France, the UK, the Middle East, and Asia.

Read more at Tech EU

Lightshift Energy Raises $100 Million From Greenbacker Capital Management to Expand Utility Scale Battery Storage Across North America

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Lightshift Energy, Greenbacker Capital


Lightshift Energy, formerly known as Delorean Power, announced capital infusions totaling $100M from Greenbacker Capital Management LLC. The company has secured $20M from a GCM-affiliated investment vehicle dedicated to making growth equity investments in sustainable infrastructure development platforms. These funds will be used to scale Lightshift’s team, accelerate sales, and grow its pipeline. In addition, Lightshift has secured $80M from a second GCM-affiliated investment vehicle that invests in sustainable infrastructure assets. This capital will support the construction and operations of Lightshift’s portfolio.

Read more at Business Wire

Orchard Robotics Raises $3.8M led by General Catalyst to Build Robots & AI that Power Precision Crop Management

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Orchard Robotics, General Catalyst


Orchard Robotics, the company enabling precision crop management with robots and AI, announced their $3.8M raise, across a seed round led by General Catalyst, and a pre-seed led by Contrary. In this oversubscribed round, they are joined by Humba Ventures, Soma Capital, Correlation Ventures, and VU Venture Partners, Ben Taft’s Genius Ventures, along with notable angel investors Howard Lerman, Joshua Browder, Rory and Kieran O’Reilly, and many others.

The company has engineered AI-driven camera systems designed to be affixed onto any farm vehicle, collecting precise data (including fruit count, size, color, growth rate, and more) pertaining to the fruit on each individual tree. Currently, the company’s technology is used by many of the largest fruit growers in the nation to maximize yield and quality in the field, and make strategic supply chain decisions post-harvest.

Read more at Globe Newswire

Terragia Secures $6M to Develop Cost-Competitive, Low-Carbon Biofuel Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Terragia, Engine Ventures, Energy Impact Partners, Dartmouth College, University of Campinas


Terragia Biofuel, a technology startup aiming to drive the next generation of biofuels, announced it has raised a $6 million seed round led by Engine Ventures and Energy Impact Partners (EIP). The company will use the capital to commercialize its novel biology-based approach to converting cellulosic biomass into ethanol and other products, expand its employee headcount and initiate partnerships with major biofuel producers.

Terragia uses engineered thermophilic bacteria to break down cellulosic biomass and convert it into ethanol and other chemical products. The company’s technology avoids key features responsible for the high cost of conventional cellulosic biofuel production by one-step “consolidated” bioprocessing without added enzymes, and leveraging mechanical disruption during fermentation (i.e., “cotreatment”) in lieu of thermochemical pretreatment.

In partnership with Dartmouth College and the University of Campinas, the ongoing development of Terragia’s technology is supported by funding from the U.S. Department of Energy Center for Bioenergy Innovation and the São Paulo Research Foundation, by grants from the U.S. Department of Agriculture and National Science Foundation, as well as private capital.

Read more at Business Wire

Exoes partners with Bpifrance and Meridiam in a €35m deal to shape the future of electric mobility

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Exoes, Bpifrance


Exoes, under the leadership of its co-founders Arnaud Desrentes and Rémi Daccord, has developed a unique know-how on thermal management systems for next generation electric vehicles. Meridiam Green Impact Growth Fund (GIGF) and Bpifrance Fonds Avenir Automobile 2 (FAA2) partner with Exoes through a €35m deal, to accelerate its growth.

Based in Gradignan (Bordeaux), Exoes provides advanced engineering services to the car manufacturing industry and fluid manufacturers for next generation EV platforms. Since 2019, the company is also developing its own high-performance battery packs through its dedicated subsidiary, relying especially on immersion cooling technology. Exoes is recognized worldwide for its deep expertise in immersion cooling.

Read more at Exeos News

Gather AI Raises $17M to Accelerate Growth and Bring Warehouses into the Modern Era with AI-Powered Inventory Monitoring

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Gather AI, Bain Capital


Gather AI, makers of computer vision and AI-powered warehouse inventory monitoring solutions, announced a $17M Series A-1 led by Bain Capital Ventures with participation from Tribeca Venture Partners, Dundee Venture Capital, Expa, and Bling Capital. The new funding provides a total of $34M raised to date. It will be invested in scaling operations as Gather AI continues to attract customers by solving supply chain issues with richer data and AI.

With the Gather AI solution, AI software enables drones to fly autonomously through warehouses, scanning 15 times faster than traditional means. Additional AI infers bar codes, text, empty locations, and other inventory-related information in the images, automatically comparing them with what’s in the warehouse management system (WMS). The warehouse manager can then view inventory data in real time from a web dashboard. Gather AI customers are seeing an ROI of 3-5x, driven by a 66% reduction in warehouse inventory database errors.

Read more at Business Wire

Accenture Invests in Sanctuary AI to Bring AI-Powered, Humanoid Robotics to Work Alongside Humans

📅 Date:

🔖 Topics: Funding Event, Humanoid

🏢 Organizations: Accenture, Sanctuary AI


Accenture has made a strategic investment, through Accenture Ventures, in Sanctuary AI, a developer of humanoid general-purpose robots that are powered by AI and can perform a wide variety of work tasks quickly, safely and effectively.

Sanctuary AI’s general-purpose robot PhoenixTM, recently recognized as one of TIME magazine’s “Best Inventions of 2023,” can perform a multitude of work tasks. For instance, at a Mark’s retail store in Langley, BC, Canada, Phoenix has performed more than 100 tasks, including choosing and packing merchandise, and correctly cleaning, tagging, labeling and folding items, with robotic hands that rival human hand dexterity and fine manipulation. Phoenix is powered by the company’s AI control system, CarbonTM, which mimics subsystems found in the human brain, such as memory, sight, sound and touch, and translates natural language into action in the real world.

Read more at Accenture Newsroom

peaq raises $15 million in pre-launch funding

📅 Date:

🔖 Topics: Funding Event, Blockchain

🏢 Organizations: peaq, Generative Ventures, Borderless Capital


peaq has raised $15 million in a multi-tranche funding round that kicked off last autumn, led by Generative Ventures and Borderless Capital. Other major players joining the rocketship include CMCC Global, Spartan Group, HV Capital, Animoca Brands, Moonrock Capital, Fundamental Labs, TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, Altana Wealth, LBank Labs, Protein Capital, Token Metrics, and others. In 2023, peaq also powered a live demo of peer-to-peer parking at IAA MOBILITY in Munich together with the Bosch-led Gaia-X moveID project, which also includes such companies as Airbus, Continental, and DENSO. As further collaboration with Bosch and Fetch.ai, peaq also presented an all-around AI-powered sensor hub for DePINs. DePIN stands for Decentralized Physical Infrastructure Networks. These apps use tokens to incentivize people to direct or deploy hardware to build real-world physical infrastructure networks.

Read more at peaq

Nominal Launches with Generative AI to Disrupt the $44B ERP Market

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Nominal, Bling Capital, Hyperwise Ventures


Nominal is harnessing generative AI to bridge the gap between outdated, costly ERP systems and the financial management needs of modern mid-market, multi-entity businesses. The company launched with $9.2 million in seed funding from Bling Capital and Hyperwise Ventures, with participation from Vela Partners, Incubate Fund and executives from Bill.com, Salesforce, Justworks, ServiceNow and Intel.

The company plans to use the funds to accelerate its product offering, expand its market reach and increase sales and support resources in the U.S. The company primarily focuses on mid-market, multi-entity companies such as holding companies, real estate, energy and multinational technology companies in its initial go-to-market plans.

Read more at Business Wire

UK-based WASE raises €9.9M to scale its waste-to-energy technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: WASE, Extantia Capital, Hitachi


Bristol-based WASE, a startup that aims to accelerate sustainable waste and energy innovation, announced that it has secured over £8.5M (approximately €9.91M) in funding, including £2.4M (approximately €2.79M) in non-dilutive support. Berlin-based climate-first VC firm Extantia Capital led the financing round, with participation from Hitachi Ventures, WEPA Ventures, the family VC firm of the European family business WEPA, and Engie New Ventures, the CVC arm of the global energy company Engie. This capital influx will facilitate WASE’s expansion efforts, enabling them to fulfil signed contracts, advance projects in their pipeline, and enhance their product range.

The company claims that its Electro-Methanogenic Reactor (EMR) technology stands out for its versatility and efficiency in converting biomass and organic matter into biogas. Operating within anaerobic digestion (AD) plants and wastewater treatment, WASE’s units boost biogas production, accelerating the process by up to 10 times and increasing output by 30 per cent. Moreover, they elevate the methane content of biogas to over 80 per cent, surpassing conventional AD systems where methane levels typically range from 50-60 per cent. WASE’s plug-and-play system integrates into existing infrastructure while occupying 50-70 per cent less space than conventional alternatives.

Read more at Silicon Canals

TurbineOne Raises $15M in Series-A Funding Round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: TurbineOne, Bessemer Venture Partners


TurbineOne Inc., a leader in government Machine Learning (ML) that is simple-to-use and edge-first, announced today it raised $15 million in its Series-A funding round. The round is led by Bessemer Venture Partners with participation from previous investors The General Partnership and XYZ Ventures. Pallas Ventures, a national security focused investment firm, also joined this round.

The venture funding will be used to accelerate its rapidly growing business in national security markets as the Defense Department adopts ML solutions to sort through the fog and friction of the modern battlefield. While today’s warfighters are overwhelmed with processing data from diverse hardware and sensors, TurbineOne’s Frontline Perception System (FPS) cuts through the noise to quickly unlock data insights by automating threat recognition and cueing alerts for decision-makers using cutting-edge ML. The software refines raw data feeds through user-friendly software that warfighters can operate themselves, including in battlefield conditions where connectivity, bandwidth, and access to the cloud is hazardous and limited.

Read more at Business Wire

Celestial AI Closes $175 Million Series C Funding Round Led by U.S. Innovative Technology Fund

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Celestial AI, US Innovative Technology Fund, AMD, Samsung, Porsche


Celestial AI™, creator of the Photonic Fabric™ optical interconnect technology platform, today announced it raised $175 million in its Series C funding round led by Thomas Tull’s U.S. Innovative Technology Fund (USIT). In addition to USIT, the round included participation from new and existing investors including AMD Ventures, Koch Disruptive Technologies (KDT), Temasek, Temasek’s wholly owned subsidiary Xora Innovation, IAG Capital Partners, Samsung Catalyst, Smart Global Holdings (SGH), Porsche Automobil Holding SE, Engine Ventures, M-Ventures and Tyche Partners.

Amid the explosive growth in demand for generative AI applications and next-generation data centers, hyperscalers are increasingly constrained by utility power availability, memory capacity and high cost of operation. Celestial AI’s Photonic Fabric optical interconnect technology addresses these critical challenges by revolutionizing memory and compute fabrics. This transformational solution provides the foundational technology for users to continue making advancements in AI while maintaining scalable, sustainable and profitable business models. This latest round of funding will enable Celestial AI to execute multiple large-scale customer collaborations focused on commercializing its breakthrough Photonic Fabric technology platform.

Read more at Business Wire

Viam Announces $45M Series B Funding for Revolutionary Software Platform Accelerating AI, Data, and Innovation in Robotics, IoT, and Smart Machines

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Viam, Union Square Ventures, Battery Ventures


Viam, the software platform for smart machines, today announced that it has closed $45 million in Series B financing. The round includes participation from continuing investors, Union Square Ventures and Battery Ventures. The financing brings Viam’s total funding to $87 million. The latest funding will enable Viam to continue accelerating enterprise partnerships, driving commercial innovation, and making further developments into the software platform.

Viam is a fully modular, interoperable, and open source software solution that works seamlessly across all hardware and any fleet of machines. Its open architecture removes costly and complex barriers to working with physical devices, in order to speed developer velocity, democratize access to open data to inform AI, and accelerate innovation in critical sectors such as industrial manufacturing, energy, and climate.

Read more at PR Newswire

HerdDogg Inc. Successfully Closes Venture Equity Fundraise, Fueling Growth and Innovation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: HerdDogg, Serra Ventures


HerdDogg Inc., the leader in data-driven livestock management, announced the closure of its Series A-4 Preferred Equity financing, securing a significant investment to accelerate commercialization and fuel innovative hardware and data solutions for the beef and dairy industries.

The equity fundraise was led by Serra Ventures and Wonder Fund North Dakota, with additional investments from Innova Memphis, Open Prairie, Sheldon Group, Trailhead Capital, and Lever VC. This group of investors’ expertise and extensive resource network will provide HerdDogg with support and guidance as it embarks on its next phase of growth.

Read more at PR Newswire

EVOLOH Secures $20M to Transform Electrolyzer Manufacturing and Make Low-Carbon Hydrogen Globally Accessible

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: EVOLOH, Engine Ventures, NextEra Energy, 3M


EVOLOH, Inc., a cleantech company that manufactures electrolyzer stacks for hydrogen production, announced it has raised an oversubscribed $20 million Series A round led by Engine Ventures. Additional participating investors include a subsidiary of NextEra Energy Resources and 3M Ventures. The capital will be used to expand the company’s scalable, high-throughput manufacturing technology and introduce additional capabilities for its NautilusTM platform of advanced liquid alkaline electrolyzers.

EVOLOH is making low-carbon hydrogen globally accessible by revolutionizing the manufacturing of electrolyzers. While incumbent electrolyzers are notoriously expensive and difficult to produce, transport and install, and rely on politically and environmentally challenging supply chains, EVOLOH’s manufacturing facility will offer an 80% reduction in capital investment and footprint.

Electrolyzer stacks, the core component of electrolyzers, are offered via EVOLOH’s NautilusTM platform and made from abundant materials like steel, plastic and aluminum and do not require precious metals or rare earth materials. To reduce the CAPEX and OPEX of hydrogen plants using EVOLOH’s Advanced Liquid Alkaline technology, the NautilusTM stacks use low-cost power electronics and do not require corrosive electrolytes. EVOLOH’s NautilusTM stacks are very compact, and can be built into modules of 24 megawatts, making them ideal for large industrial applications.

Read more at Access Wire

Breakthrough Battery Technology Company Ionobell Raises $7.3M Total Seed Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ionobell, Dynamo Ventures, Trucks VC


Ionobell, the breakthrough silicon battery technology company, announced that they have raised a recent seed extension round of $3.9M led by Dynamo Ventures and Trucks VC bringing the total amount funding to $7.3M in seed investment fundraising. The initial equity round was led by Trucks VC, with participation from Dynamo Ventures and Alumni Ventures.

Ionobell has expertise in battery material and cell development, alongside several decades of energy storage, Li-ion, and fabrication knowledge and experience are used to build battery technology that will help automotive clients save up to $1,200 per vehicle.

Ionobell’s silicon material is 500% more energy-dense than Graphite and with its porous structure, it still meets the lifecycle needs of automotive, even in solid-state designs, enabling greater range, faster charging, and lower costs than existing batteries. Additionally, Ionobell’s novel approach reuses waste materials to significantly reduce the environmental impact for its industry partners, further enabling the circular economy.

Read more at PR Newswire

Firecell raises €6.6M Seed funding for 5G industrial solution

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Firecell, Ventech, Matterwave Ventures


Firecell announced the completion of a €6.6 million Seed round in equity led by Ventech and Matterwave Ventures, accompanied by Bpifrance’s Digital Venture fund and Bouygues Telecom Initiative. The funds will be used to develop a new range of products with new features such as geolocation and protection against cyber-attacks. They will also help deploy Firecell’s offering in Europe, notably in Germany, the leading European industrial market, where the startup is establishing a subsidiary, and to recruit new team members.

By reducing the footprint of 5G technologies to operate on standard servers and through strategic partnerships with renowned manufacturers, Firecell enables industrial enterprises of all sizes to pave the way for a smart industry.

Read more at Tech EU

Circular Announces $10.5M in Funding to Scale First-of-its-Kind Platform for Sourcing Recycled Materials

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Circular, Eclipse Ventures


Circular.co, the leading sustainable sourcing platform, secured $10.5M to expand its massive database of post-consumer recycled (PCR) materials and its accompanying platform that streamlines buying and selling of PCR materials. The financing includes a new $5.3M round, backed by Maniv, Oxygea, and Eclipse, which followed a $5.2M seed round previously led by Eclipse. Circular will use the funding to grow its team, expand to additional sustainable materials, continue to add more companies and suppliers, and deepen the scale and functionality of its platform.

Circular provides access to over 9,000 global suppliers with over 50,000 PCR technical records codified using artificial intelligence (AI), including details such as price, specs, and volume of materials, and supplier certifications. Its extensive database brings visibility and transparency to an – until now – disjointed, opaque, and illiquid industry. Circular handles the searching, sourcing, vetting, and onboarding process for its customers, with results in days compared to months or even years, using analog methods.

Read more at Business Wire

LIS Technologies Inc. Announces Oversubscribed $1.3 Million Seed Funding Round Led by Advanced Nuclear Technology Investors to Fund the Rebirth of the Only USA-Origin Patented Laser Uranium Enrichment Technology in the World

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: LIS Technologies, Advanced Nuclear Technology Investors


LIS Technologies Inc., a proprietary developer of advanced laser technology and the only USA-origin patented laser uranium enrichment company, announced that it has closed an oversubscribed $1.3 million seed funding round led by advanced nuclear technology investors to reinforce USA energy security and propel the nuclear sector into a new era of growth and discovery.

The Company’s proprietary CRISLA technology is versatile, with potential applications spanning uranium enrichment for nuclear fuel, the synthesis of stable isotopes critical for medical and other scientific research, and in the growing field of quantum computing, particularly in the manufacturing of semiconductor technologies.

Read more at Globe Newswire

TCab Tech closes Series A financing with additional 20 million USD

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: TCab Tech


TCab Tech announces it has raised an additional 20 million USD in its Series A financing. The exclusive investment comes from a strategic investment fund which plans to introduce the air-taxi application in the Middle East region. With this financing, TCab Tech intends to accelerate the development of E20 aircraft and airworthiness certification goals and ultimately, the commercialization of the E20 eVTOL.

TCab passenger-carrying E20 eVTOL is a tilt-rotor configuration, a 5-seater (1pilot+4pax) equipped with six rotors, four tilt and two lift rotors, and a high gull-wing with a conventional tailplane design. The eVTOL targets a maximum design range of 200km, and a cruising speed of 260km/hour. It is most efficient for commuting between 30 – 150km.

Read more at PR Newswire

Rithmik Solutions Secures $2 Million in Funding to Revolutionize Mobile Mining Equipment Management

📅 Date:

🔖 Topics: Funding Event

🏭 Vertical: Mining

🏢 Organizations: Rithmik Solutions


Rithmik Solutions, a leader in AI-powered analytics for mobile equipment optimization in the mining industry, is thrilled to announce the successful closure of a $2 million funding round. This investment was spearheaded by a syndicate of new and existing investors, demonstrating strong confidence in Rithmik’s innovative approach to reducing greenhouse gas emissions, enhancing equipment uptime and improving operational efficiency. Rithmik Solutions is poised to use this investment to accelerate its growth, further enhance its product offerings, and expand its reach to help mines around the world maximize the efficiency and lifespan of their mobile equipment.

Read more at Business Wire

Coast raises $92 million in new capital, partners with Visa to expand financial tools and software for modern business fleets

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Coast


Coast, which offers a simple and smart way for companies in the United States to manage fuel and fleet spending, announced it has raised $92 million in new funding. The round includes $25 million in equity capital led by existing investors, including BoxGroup, Avid Ventures, Accel, Insight Partners, and Better Tomorrow Ventures, as well as new investor Vesey Ventures. The company also secured $67 million in committed debt capital from Silicon Valley Bank and TriplePoint Capital.

To add to their momentum, Coast has inked partnerships with fuel brands such as 7-Eleven Fleet (including Speedway), Casey’s, RaceTrac, and EG America brands (including Cumberland Farms), as well as retailers like Discount Tire to offer larger discounts to Coast customers while driving loyalty and repeat business for these brands.

Read more at PR Newswire

Profluent Secures $35M in Additional Funding and Key Industry Experts to Scale Foundational AI Models for Biomedicine and Tackle First Vertical in Gene Editing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Profluent, Spark Capital


Profluent, an AI-first protein design company, announced the close of additional funding to bring the total raised to $44M. The $35M financing was led by Spark Capital, with participation from existing investors Insight Partners and Air Street Capital along with a syndicate of angel investors from OpenAI, Salesforce, Octant Bio, and Google including Jeff Dean, Chief Scientist of Google DeepMind. The company previously raised $9M from Insight Partners, Air Street Capital, AIX Ventures, and Convergent Ventures.

Read more at Business Wire

Firestorm Labs announces $12.5M in seed funding led by Lockheed Martin Ventures and other prominent defense VCs

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Firestorm Labs, Lockheed Martin


Firestorm Labs, a California-based Unmanned Aerial System (UAS) manufacturer that is leading the charge in expeditionary additive manufacturing has announced $12.5M in seed investment by Lockheed Martin Ventures and prominent defense investors. Lockheed Martin, Decisive Point, Silent Ventures, 645 Ventures, Overmatch VC, BVVC, Marquee Ventures, Cubit Capital, IronGate, Backswing Ventures, The Veteran Fund, Feld Ventures, Beyond Capital, and RedCat are among the notable names who have invested in Firestorm.

Read more at PR Newswire

e-peas raises €17.5M to accelerate deployment of its energy harvesting solutions

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: e-peas, Otium Capital


Louvain-la-Neuve, Belgium-based e-peas, a fabless semiconductor company that develops ultra-low power management for energy harvesting, announced on Wednesday that it has secured €17.5M in a new funding round led by Otium Capital. New investors Nomainvest and EIC Fund, and existing investors KBC Focus Fund, The Faktory, Wallonie Entreprendre, Noshaq-Leansquare, and Start.Invest, participated in the funding round. The latest funding round will help e-peas to accelerate the commercial development of its Ambient Energy Management (AEM) products and expand its product portfolio.

Read more at Silicon Canals

Buzz Solutions Raises $5M to Accelerate Adoption of its AI-Powered Platform for Visual Grid Infrastructure Inspections and Monitoring

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Buzz Solutions, GoPoint Ventures


Buzz Solutions, an AI company that inspects and protects critical energy infrastructure, announced it closed a $5 million round of growth funding. GoPoint Ventures led the round, with additional participation from Blackhorn Ventures and MaC Venture Capital. The investment follows a period of significant acceleration in customer adoptions as utilities are demanding more efficient and accurate T&D infrastructure inspections and better substation security.

The investment brings the total raised to $10.7M with a previous round of $3.3M from 2022 and two $1.2M convertible notes in 2020 and in early 2023. Buzz plans to deploy the capital to scale both PowerAI and PowerGUARD offerings across utilities in the U.S. and internationally.

Read more at PRWeb

Automated Architecture raises €3M to craft sustainable, affordable homes using robots

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: AUAR, ABB


London-based Automated Architecture (AUAR), a construction tech startup, announced that it has secured £2.6M (nearly €3M) in a Seed round of funding. The funding will fuel AUAR’s mission to build sustainable, affordable homes through its micro-factories, expand its partner network with 10 more partners as well as expand operations in the US. The investment was led by deep-tech and AI fund Miles Ahead and Robotics & Automation Ventures (ABB RA Ventures).

Read more at Silicon Canals

Dutch photonic chip maker EFFECT Photonics raises €34.9M to scale its integrated optics production

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: EFFECT Photonics


Eindhoven-based EFFECT Photonics, a company that develops highly integrated optics solutions, announced that it has secured $38M (nearly €34.95M) in a Series D round of funding. The investment was led by Innovation Industries Strategic Partners Fund, backed by Dutch pension funds PMT and PME, along with co-investor Invest-NL Deep Tech Fund and participation from other existing investors.

The infusion of funds will accelerate the progress and market introduction of EFFECT Photonics’ solutions, facilitating the scaling of production to cater to increasing customer requirements. With a primary focus on enhancing its integrated product portfolio, EFFECT Photonics aims to significantly reduce the costs, size, and power consumption of high-speed fibre optics communication solutions.

Read more at Silicon Canals

Imperia raises €3 million to become the go-to SaaS for supply chain management in Europe

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Imperia, Samaipata


Imperia, a Spanish SaaS solution for the management and optimization of supply chain, announced the closure of a €3 million funding round. This round is led by the Spanish VC Samaipata and includes participation from All Iron Ventures and Accel Starter Programme, along with follow-on investments from previous investors such as Draper B1 and Angels Capital. The round is bolstered by the entry of prominent business angels: Hugo Arévalo, Jonathan Benhamou, Kintxo Cortés, Christian Stiebner, Xavier Pladellorens, and Maex Ament.

After years of implementing supply chain management solutions at large consultancies such as Deloitte and NTT Data, Álvaro Bernabé, Sergio Alemany, and José Tomás Carrascoso decided to embark on this project in 2019, creating a solution that truly adapts to the business reality of SMEs. Imperia offers software that opens a new category in the market, allowing companies to meet their main needs in demand forecasting, production planning, and supply planning with an affordable monthly fee accessible to all types of companies. The SaaS marketed by Imperia comes with a wide catalog of functionalities that expand the solution’s scope and complexity as much as the enterprise requires. This approach stands out from existing solutions in the market by bringing these types of tools to companies that traditionally could not access them due to factors such as price or complex integration processes.

Read more at EU Startups

AirMyne taps geothermal energy to scale direct air carbon capture

📅 Date:

✍️ Author: Tim De Chant

🔖 Topics: Funding Event

🏢 Organizations: AirMyne


Because of the quirks of the chemical reaction involved, high-temperature regeneration cycles can be more efficient. But heat that intense can be hard to come by, which is why AirMyne developed its liquid to regenerate, or release its CO2, using low-temperature heat that’s just 100-130 degrees C (212-266 degrees F).

AirMyne’s low-temperature heat requirements mean its overall process could prove to be less efficient than a high-temperature approach, but co-founder and COO Mark Cyffka believes it gives his company a better chance to grow and scale.

In 2026, AirMyne is planning to deploy its carbon capture technology to a sequestration site in San Joaquin County, California, where it will be injected underground. To get there, the company recently raised a $6.9 million seed round, TechCrunch has exclusively learned. Investors in the round included Alumni Ventures, Another Brain, Liquid 2 Ventures, EMLES, angel investor Justin Hamilton, Impact Science Ventures, Soma Capital, Wayfinder and Y Combinator.

Read more at TechCrunch

Monaire raises $3.5M to help small commercial buildings transition to sustainable heating and cooling using AI

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Monaire, Construct Capital


Monaire, a startup that uses AI to curb waste and emissions from small commercial buildings, announced $3.5 million in seed funding. Construct Capital led the round with participation from Workshop Ventures, as well as strategic individual investments from Steve Fredette, the president and co-founder of Toast, and Tom Kuo, co-founder of A-Street and chairman of the board at Mighty Earth.

Monaire’s predictive maintenance and energy management platform automatically detects, diagnoses, and services HVAC and refrigeration (HVAC/R) systems in small commercial buildings. Using a network of wireless sensors, Monaire’s AI-enabled software continually monitors performance in a building’s HVAC/R systems, automatically preventing energy waste, and detecting problems. When issues are detected, Monaire immediately diagnoses the problem and automatically dispatches an available technician to make repairs.

Read more at PRWeb

EIC recommits to cargo airline Dronamics with €10M investment

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Dronamics


Bulgarian cargo airline Dronamics has received a €10 million investment from the European Innovation Council following its previous €2.5 million grant last February.

Dronamics, the world’s first cargo drone airline, operates large long-range drones built specifically for cargo. Its flagship Black Swan expects to carry 350 kg at a distance of up to 2,500 km up to 80 per cent faster, 50 per cent cheaper and with up to 60% lower emissions than alternative modes of transport, including airfreight.

Black Swan is currently undergoing flight testing and expects for this phase to be completed this year. The EIC’s funding will then be used for commercialisation with initial flights operating out of Greece.

Read more at Tech EU

Stockholm-based electric vessel maker Candela gets €25 million to speed up production

📅 Date:

🔖 Topics: Funding Event

🏭 Vertical: Ship and Boat

🏢 Organizations: Candela, Groupe Beneteau


Candela, a leading maker of electric vessels, announced it has closed the largest funding round in the company’s history, to expand production of its game-changing electric ferries. A key partner in the €25 million round is the leading global boat maker Groupe Beneteau. Other backers in the round include longtime investors EQT Ventures, Ocean Zero LLC, and Kan Dela AB. The new investment brings total funding since Candela’s inception to over €70 million.

Candela’s innovative, computer-stabilized hydrofoil craft have disrupted the marine industry. As they fly above the friction of water, they use 80% less energy than other ships and boats, attaining long range and high speed on battery power – a first in the marine industry.

Read more at EU Startups

Terra Drone Invests in Aloft Technologies to Enter U.S. Market, Boost Global UTM Development

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Aloft Technologies, Terra Drone


Terra Drone Corporation (Terra Drone), a leading drone and Advanced Air Mobility (AAM) technology provider headquartered in Japan, has announced an investment in Aloft Technologies (Aloft), a company focusing on developing UTM, and a market leader in drone fleet and airspace management in the United States.

This investment makes Terra Drone the largest shareholder in Aloft, with Aloft becoming an affiliate company of Terra Drone. In addition, the board of directors of Aloft has appointed Yuki Ueno, Terra Drone’s executive officer in charge of domestic and international Unmanned Aerial System Traffic Management (UTM) business, to the Aloft board.

Read more at PR Newswire

G2 Reverse Logistics Raises $9.6M in Seed Funding to Masterfully Manage Returns and Optimize Net Recovery

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: G2 Reverse Logistics, Dell


G2 Reverse Logistics, the definitive edge in net recovery, announced $9.6M in seed funding led by Dell Technologies Capital. The capital will be used to enable sales and marketing investments consistent with G2RL’s global growth strategies.

Powered by proprietary technology, the G2RL Prescriptive Analytics platform is purpose-built to optimize operations and minimize costs by constantly analyzing and improving returns in real-time. The platform enables true end-to-end product routing and disposition to maximize recoveries. The readily available open API architecture enables G2RL to easily integrate with existing client systems, making it a flexible, scalable solution. The platform boasts efficient returns processing, optimized net recovery and automated returns decisions for retailers, manufacturers, brands, and third-party logistics providers (3PLs).

Read more at Business Wire

Salinity Solutions secures £1 million investment from SQM Lithium Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Salinity Solutions, SQM, University of Birmingham


Salinity Solutions, an engineering tech start-up based in Birmingham (UK) has secured a GBP £1 million initial investment from SQM Lithium Ventures to fund the next stage of its growth. SQM Lithium Ventures, in return, will take ownership of a minority stake in the company, with the option to acquire additional equity in the future.

SQM Lithium Ventures is the corporate venture capital arm of the lithium business of Sociedad Quimica y Minera de Chile (SQM), one of the world’s leading producers of battery-grade lithium chemicals. Salinity Solutions joins the SQM Lithium Ventures portfolio alongside industry-leading companies like Altilium Clean Technology and Electric Era.

Salinity Solutions developed HyBatch™, its ground-breaking batch reverse osmosis water treatment technology – the first in the world to be manufactured commercially – to dramatically reduce the environmental impact of water treatment. The technology uses less energy, purifies a higher amount of wastewater, generates less waste, and is more compact and portable than traditional reverse osmosis systems. The first of Salinity Solutions’ five registered patents has been approved in the European Union, China and the United States.

Read more at Water Magazine

Series B funding success for Poseidon Ocean Systems

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Poseidon Ocean Systems, Ecosystem Integrity Fund


Poseidon Ocean Systems, a producer of infrastructure and technology solutions for salmon aquaculture, has announced the completion of a $20.7 million series B financing round led by Ecosystem Integrity Fund.

The aquatech company plans to use the funds raised to support the Company’s growth and delivery of their innovative Life Support Systems and Hybrid Sea Cage Systems, whilst also increasing their manufacturing capacity. Through these technologies, Poseidon aims to provide a compelling value proposition for modern salmon farming operations; increasing yields, reducing operating costs and improving environmental outcomes.

Poseidon provides aquaculture solutions, such as aeration technology and innovative sea cage systems, to some of the world’s largest salmon farmers, and this new funding will enable the company to continue their expansion into global markets; deepening their relationships with Canadian, Chilean and UK farmers, whilst also exploring new markets.

Read more at The Fish Site

Francisco Partners to Acquire Jama Software For $1.2B

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Francisco Partners, Jama Software


Jama Software®, an industry leading requirements management and traceability solution provider, announced that Francisco Partners has entered into a definitive agreement to acquire the Company from shareholders including Insight Partners and Madrona Ventures for $1.2 billion. Marc Osofsky, Jama Software CEO, will personally reinvest and continue to lead the company.

Jama Software has rapidly become a market leader in Requirements Management & Traceability and leads the market in customer satisfaction ratings, NPS scores, SaaS scale, security and SOC2 compliance, usability, performance, breadth and depth of integrations, measured process improvement, benchmarking, NLP and more. Jama Software helps companies intelligently improve their development process to reduce defects, delays, cost overruns and recalls.

Read more at PR Newswire

Pure Lithium Secures $15 Million in Series a Funding From Oxy Low Carbon Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Pure Lithium, Occidental


Pure Lithium, a disruptive Boston-based lithium metal battery technology company, is pleased to announce the completion of a $15 million investment from Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental (Oxy) that is focused on advancing cutting-edge, low-carbon technologies and business solutions. OLCV acted as the lead investor in Pure Lithium’s Series A equity financing, which may raise up to an additional $15 million for a proposed total funding amount of $30 million.

Read more at Accesswire

Fluent Metal Launches with $5.5M Funding to Bring Liquid Metal Printing to Life

📅 Date:

🔖 Topics: Funding Event, Additive Manufacturing

🏢 Organizations: Fluent Metal, E15


Fluent Metal is developing production-grade liquid metal printing to remove barriers to entry into metal additive manufacturing, while allowing for unmatched scalability and process tunability. The company is launching out of stealth with an additional $3.2M in venture capital funding, led by E15 with participation from Pillar VC and industry angels, bringing the total funding to $5.5M. Fluent Metal’s drop-on-demand approach is compatible with most metals, including refractories, and enables the creation of parts in a single-step process, minimizing variability. It is energy efficient: using less starting material and producing no waste–making it far more sustainable than current powder-based metal 3D printers.

Read more at PR Newswire

Pure Lithium Secures $15 Million in Series a Funding From Oxy Low Carbon Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Pure Lithium, Occidental


Pure Lithium, a disruptive Boston-based lithium metal battery technology company, is pleased to announce the completion of a $15 million investment from Oxy Low Carbon Ventures (OLCV), a subsidiary of Occidental (Oxy) that is focused on advancing cutting-edge, low-carbon technologies and business solutions. OLCV acted as the lead investor in Pure Lithium’s Series A equity financing, which may raise up to an additional $15 million for a proposed total funding amount of $30 million.

“This significant capital infusion will allow Pure Lithium to accelerate our development and commercialization efforts. The validation of our technology by OLCV is very meaningful for us, and we look forward to their contributions.”

Read more at Accesswire

Luminary Cloud Emerges from Stealth, Empowering R&D with Realtime Engineering

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Luminary Cloud, Sutter Hill Ventures


Luminary Cloud, a pioneer in realtime engineering, announced its official launch out of stealth. A computer-aided engineering (CAE) SaaS platform, Luminary empowers smarter and faster design cycles, allowing engineers to develop better products in a fraction of the time. Backed by Sutter Hill Ventures, which led its $115 million funding, Luminary’s customers span industries including aerospace and defense, automotive, sporting goods, industrial equipment, and more.

Luminary’s platform makes it possible to run high-fidelity simulations 100 times faster than legacy vendors by leveraging the raw speed of GPU- and cloud-based processing. Its proprietary simulation platform is powered by massively parallel NVIDIA GPU clusters in the cloud. With hyper-fast and accurate simulations, engineers can iterate and test a variety of scenarios, answer more questions, and use these insights to optimize product design.

Read more at PR Newswire

Nozomi Networks Secures $100 Million Investment to Accelerate Mission to Defend the World's Critical Infrastructure from Cyber Threats

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Nozomi Networks, Mitsubishi Electric, Schneider Electric


Nozomi Networks Inc., the worldwide leader in OT and IoT security, announced a $100 million Series E funding round to help accelerate innovative cyber defenses and expand cost-efficient go-to-market expansion globally. This latest round includes investments from Mitsubishi Electric, a global leader in digital manufacturing, electronics and electrical equipment and Schneider Electric, a global leader in digital automation and energy management. They join a growing list of OT original equipment manufacturers (OEMs) who have invested in Nozomi Networks, including previous investors Honeywell and Johnson Controls.

The company will use this latest investment to help scale product development efforts as well as its go-to-market approach globally. With criminal and nation-state cyber threats to industrial and critical infrastructure on the rise, the need for Nozomi Networks solutions has never been greater. At the same time, recent consolidation in the OT and IoT security space is driving a new need for full-featured solutions that aren’t limited to single-vendor support, but rather are able to holistically address the cybersecurity requirements of the vast majority of industrial and critical infrastructure organizations who must protect complex, multi-vendor environments.

Read more at PR Newswire

Furno Secures $6.5 Million Seed Funding to Cement a Carbon Neutral Future

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Furno, Energy Capital Ventures


Furno, a startup dedicated to decarbonizing the cement production industry, announced the close of an oversubscribed $6.5M seed funding round and introduced its revolutionary, end-to-end cement production unit, the Furno Brick. Furno’s oversubscribed round was led by Energy Capital Ventures (ECV) and joined by O’Shaughnessy Ventures, Cantos and Neotribe. Breakthrough Energy participated in earlier, non-dilutive funding of the company. This funding will enable the company to continue to scale its technology, provide more customers with samples to garner feedback and, perhaps most significantly, aid in the development of the Furno Brick.

Furno addresses the immediate need for change and innovation in the cement sector with the world’s first modular and carbon-neutral cement plant that scales on demand, drastically reducing the barrier to entry and unlocking local or small-scale cement production. The company’s novel kiln and combustion technology allows for efficient cement production using gas-based versus solid fuels, which dramatically reduces CO2 emissions and eliminates nitrogen oxides (NOx) and sulfur oxides (SOx) entirely. Furno’s innovative design also allows producers to build cement plants that are compact and cost-efficient, and enables them to add incremental capacity as needed.

Read more at Business Wire

GScan raises €3M seed to transform infrastructure maintenance with muon tomography

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: GScan


GScan announced it has raised a €3 million seed round from investors like Bolt founder Markus Villig, Japanese corporate venture funds, and existing angel investors.

Founded by a team of CERN physicists, engineers, and entrepreneurs in 2018, GScan uses muons – naturally occurring, harmless cosmic rays – and AI analysis to assess the chemical composition and structural integrity of infrastructure, such as bridges and tunnels.

The deep tech startup provides detailed 3D imagery of assets’ internal structure, enhancing public safety through informed infrastructure maintenance.

Read more at Tech EU

Space Resources Startup Interlune Raises $18 Million in Seed Capital

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Interlune, Seven Seven Six


Interlune, a natural resources company, emerged from stealth announcing that it has raised funding to further develop and operationalize technology to extract Helium-3 and other natural resources from the Moon. The funding is an essential milestone for Interlune in pursuing its mission to lead the world in sustainable, responsible harvesting and distribution of natural resources from space to benefit humanity.

Alexis Ohanian’s venture firm Seven Seven Six led the most recent round of $15 million, adding to previous angel investments. Katelin Holloway, founding partner of Seven Seven Six, will join the Interlune board of directors. Other investors include Aurelia Foundry Fund, Gaingels, Liquid 2 Ventures, Shasta Ventures, and a committed group of University of Michigan alumni.

Interlune will initially focus on extracting and transporting lunar Helium-3 back to Earth for use by commercial and government customers in national security, quantum computing, medical imaging, and fusion energy markets. Helium-3, an isotope of Helium, is extremely scarce on Earth but abundant on the Moon. Government and industry have been looking for a new and scalable source of Helium-3 since the U.S. government recognized a severe shortage around 2010. In time, Interlune will harvest other resources such as industrial metals, rare Earth elements, and water to support a long-term presence on the Moon and a robust in-space economy.

Read more at PR Newswire

PowerGEM Welcomes Strategic Growth Investment from TA

📅 Date:

🔖 Topics: Funding Event, Simulation

🏢 Organizations: PowerGEM, TA Associates


PowerGEM, a leading provider of simulation modeling software and technical services for the electric power industry is pleased to announce a strategic growth investment from global private equity firm TA Associates (TA).

Founded in 2000 and headquartered in Clifton Park, NY, PowerGEM’s power systems transmission reliability & market simulation software products serve over two hundred North American power systems stakeholders. The Company’s software is utilized by the nation’s top grid operators, including many U.S. ISOs and electric utilities, generation/transmission developers & engineering firms to assess electric transmission grid reliability, as well as the technical & economic impacts of transmission congestion in competitive U.S. electricity markets.

Electric power industry stakeholders increasingly rely on PowerGEM’s software for simulations, insights, analyses & related technical consulting to optimize decision-making and foster efficient power markets. As the power grid becomes increasingly complex with the shift to renewable generation and the need to maintain reliable performance, this partnership with TA will allow PowerGEM to continue serving its growing client base, accelerate the release of new offerings, and execute high-growth initiatives.

Read more at Business Wire

MarineLabs Raises Largest Seed Round in Canadian Ocean Technology History

📅 Date:

🔖 Topics: Funding Event

🏭 Vertical: Ship and Boat

🏢 Organizations: MarineLabs, BDC Capital


MarineLabs, a leader in cutting edge maritime weather intelligence technology, proudly announces the successful completion of a historic $4.5 million seed funding round, marking the largest investment of its kind in Canadian history for an ocean tech company, which will directly benefit Canada’s marine industry. The funding was led by BDC Capital’s Sustainability Venture Fund with participation from Seaspan Shipyards, a leader in Canada’s ship design, engineering, building and ship repair industry.

This substantial investment will propel MarineLabs’ forward as it continues to revolutionize the maritime industry with its flagship product, CoastAware. CoastAware is a real-time weather intelligence solution that enhances safety, efficiency, and sustainability in maritime operations by providing users with detailed, actionable, real-time, and historical weather conditions data for informed decision-making.

Read more at MarineLabs

Carbonova Corp. Raised $6 Million to Produce Sustainable Materials from Greenhouse Gas Emissions

📅 Date:

🔖 Topics: Funding Event, Materials Science

🏢 Organizations: Carbonova, Kolon Industries


Carbonova Corp., a start-up that aims to turn greenhouse gas emissions into carbon materials for sustainable and inexpensive everyday essentials, announced that it has successfully closed its SAFE equity financing in an oversubscribed round with $6 million raised. The Company intends to use the net proceeds from the financing to advance its strategy towards building the first commercial demonstration carbon nanofibers unit in Canada.

The financing round was led by Kolon Industries, a multi-billion-dollar Korean conglomerate. Kolon has a keen interest in Carbonova’s technology applications in Asia, including batteries, plastics, and other materials. Another major participant in this round was the Natural Gas Innovation Fund NGIF Capital, a venture capital firm focused on innovative technologies for improving the environmental performance of existing or renewable natural gas and hydrogen production. This round also saw strong participation from the company’s directors, management, and staff team.

Carbonova currently produces carbon nanomaterials for customers at a pilot facility at the company’s headquarters in northeast Calgary, Alberta. The commercial demonstration expansion will result in unit production cost efficiencies and is forecast to reduce the CO2 footprint of the carbon nanomaterials to below net-zero.

Read more at PR Newswire

Zephyr AI Raises $111 Million in Series A Financing

📅 Date:

🔖 Topics: Funding Event, Precision Medicine

🏢 Organizations: Zephyr AI, Revolution Growth, Eli Lilly


Zephyr AI, Inc., a healthcare technology company committed to developing fast and explainable Artificial Intelligence (AI) solutions to democratize precision medicine, announced it has successfully closed a $111 million Series A funding round with participation from Revolution Growth, Eli Lilly & Company, Jeff Skoll, and EPIQ Capital Group, among others. The company is developing improved data federation tools along with various machine learning algorithms in the areas of oncology and cardiometabolic disease.

The new funds will enable Zephyr AI to further enhance its analytical speed and fortify its extensive collection of training and validation data sets. Moreover, the funds will support the expansion of the company’s scientific and commercial teams to expedite the delivery of its rapidly growing pipeline of insights to the market.

Read more at Business Wire

TELO Announces $5.4M Strategic Fundraise Led by Neo to Continue Building the Most Efficient Electric Truck

📅 Date:

🔖 Topics: Funding Event

🏭 Vertical: Automotive

🏢 Organizations: TELO, Neo


TELO, the company redefining the footprint and functionality of electric mobility with its innovative EV mini-truck, announced its $5.4M strategic funding round led by Neo, with additional investment from Spero Ventures and angel investors. The closing of this strategic raise signifies TELO’s continued business growth.

Coinciding with this announcement, TELO is pleased to appoint Marc Tarpenning, co-founder of Tesla, to the company’s board this month. Tarpenning’s board appointment is an incredibly exciting moment in TELO’s growth story as he will help guide the team in their final stages of TELO’s development. Also, as a Spero Ventures partner, Tarpenning participated in the just announced strategic funding round. This infusion of funds will be used to continue the virtual validation of the vehicle’s safety and also the development of a road-ready model.

Read more at Business Wire

Vienna-based Necture raises €7 million Series A to accelerate electrification of corporate fleets

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Necture, Smart Energy Innovationsfonds, Verbund X Ventures


Necture, formerly known as Ubiq, a leading technology company accelerating the adoption of electric fleets, announced it has secured additional funding, bringing its total Series A raise to €7 million. The investment round was led by Smart Energy Innovationsfonds (Switzerland) and Verbund X Ventures (Austria), joining existing investors Speedinvest and smartworks innovation GmbH.

Necture already has a strong product-market-fit. Working together with shared mobility providers such as MILES (Germany), Eloop (Vienna) and Awto (Santiago, Chile), the company manages 15,000 vehicles across Europe and the Americas. This latest funding round fuels the company’s expansion into the corporate fleet market, enabling Necture to reach more companies worldwide and accelerate the electrification of fleets. Necture is currently forming a collaboration with a leading car manufacturer and mobility provider to be announced in the near future.

Read more at EU Startups

Simera Sense secures €13.5M for satellite earth observation solutions

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Simera Sense, NewSpace Capital, Knife Capital


Simera Sense, a provider of end-to-end optical solutions for the small satellite Earth observation industry, raised €13.5 million in its first growth investment round this week. The company, launched in South Africa and headquartered in Leuven, Belgium, offers a diverse array of ‘off-the-shelf’ high-resolution cameras ready for use by clients across the global small satellite industry. The investment comes from Belgian spacetech investment firm NewSpace Capital and Knife Capital.

Simera Sense will use the investment to expand its current production capacity. Additional production sites are planned in Europe. The new funding will also enable Simera to expand its product development teams. This will fast-track the development of higher-resolution and SWIR camera products.

Read more at Tech EU

KAS Announces $3M Funding Round to Expand Production of its Natural Algae Astaxanthin

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Kuehnle AgroSystems, S2G Ventures


Kuehnle AgroSystems (“KAS”), a leading microalgal innovation and production company, announced that it has raised a $3 million Series A2 funding round led by S2G Ventures. The funding will accelerate the commercialization of KAS’s pioneering method for producing natural astaxanthin from microalgae, a key component in sustainable aquaculture systems as well as a clinically proven human nutraceutical.

KAS has patented an innovative process that uses dark fermentation in closed vertical tank systems to produce high-quality natural algae astaxanthin. Utilizing a more sustainable feedstock and production method than current natural and synthetic astaxanthin production methods, KAS’s process results in lower production costs, higher yields, faster growth times, and less water and energy consumption.

Read more at PR Newswire

Tomorrow Things raises €1.5M for AI-driven digital twins

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Tomorrow Things, HTGF, neoteq ventures


AI start-up Tomorrow Things has secured €1.5 million in funding to continue the development of an AI-powered Operating System for machines on the internet. High-Tech Gründerfonds (HTGF) and neoteq ventures led the funding which was supported by Notion Capital, solo GP Robin Capital, and a number of business angels specializing in fundraising, marketing, and B2B SaaS (Christian Noske, Maximilian Eichler, Thomas Lang, Thomas Hollwedel, and Markus Doetsch).

Tomorrow Things is an intelligent automation platform that creates digital twins of technical assets. Tomorrow Things enables secure bidirectional data transfer between machines and internet applications. AI-driven control strategies can be created centrally by value-add partners and operated on the edge to execute optimised setpoints in the machine interface that achieve better results.

Read more at Tech EU

Applied Intuition Grows to $6 Billion Valuation, Securing $250 Million in Series E Funding to Advance Vehicle Software and AI Capabilities

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Applied Intuition, Lux Capital, Porsche


Applied Intuition, Inc., a vehicle software supplier for automotive, trucking, construction, mining, agriculture, and other industries, has raised a $250 million Series E financing round at a $6 billion valuation. The round was led by Bilal Zuberi at Lux Capital (Series C lead investor), Elad Gil (Series D lead investor), and strategic investor Porsche Investments Management S.A. representing the well-known successful sports car manufacturer from Stuttgart-Zuffenhausen. Applied Intuition also announced the following new and existing investors: Andreessen Horowitz (Series A lead investor), General Catalyst (Series B lead investor), Mary Meeker at BOND, Human Capital, Henry Kravis, Mustafa Suleyman, Ray Dalio, John Quinn, and Nico Rosberg.

Applied Intuition has maintained sustainable triple-digit percentage growth year-over-year, profitably. It has expanded beyond its Silicon Valley headquarters to Detroit, Washington, D.C., Germany, Korea, and Japan and has customers worldwide, including 18 of the top 20 automotive OEMs.

The company will use the financing to make significant investments in generative AI to unlock substantial value for customers and partners. With recent advancements in large language models (LLMs), Applied Intuition is uniquely positioned to help its customers revolutionize the vehicle software development process. The company will continue to recruit the world’s best software and AI engineers to further expand its offerings that enable its customers to have the world’s most advanced driver-assistance systems (ADAS) and automated driving (AD) solutions.

Read more at PR Newswire

Bear Robotics Lands $60 Million in Series C Funding from Tech Giant LG Electronics

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Bear Robotics, LG


Bear Robotics, a Silicon Valley trailblazer in service robotics and artificial intelligence solutions, announced the completion of a $60 million Series C funding round. This round is exclusively led by LG Electronics, a global leader in technology and innovation. This strategic infusion propels Bear Robotics into new territories, targeting emerging markets such as smart warehousing and supply chain automation, where the company is poised to unveil its next-generation robotics platform, featuring autonomous navigation systems and adaptive learning algorithms, meticulously designed to meet the complex demands of modern supply chains and manufacturing processes.

Read more at Business Wire

Quaise Energy Raises $21 Million to Accelerate Terawatt-Scale Deep Geothermal Energy

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Quaise Energy, Prelude Ventures, Safar Partners, Mitsubishi, MIT


Quaise Energy, the company unlocking terawatt-scale geothermal, announced the closing of a $21 Million Series A1 financing round led by Prelude Ventures and Safar Partners. Mitsubishi Corporation and Standard Investments are among several new investors participating in the round. This latest funding will enhance Quaise field operations and strengthen the company’s supply chain position, while ongoing product development will continue with pre-existing capital.

Quaise is uniquely positioned to harness deep geothermal energy worldwide at 3-20 km below the Earth’s surface. To achieve such a feat, the company has advanced a novel technique to vaporize rock using high-power microwaves in the millimeter range, based on more than a decade of research at MIT and recent testing at Oak Ridge National Laboratory. The original MIT experiments have now been scaled up 100x, with field demonstrations commencing this year.

Read more at Business Wire

Quantistry bags €3M to foster R&D innovation through AI and Quantum

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Quantistry, Ananda Impact Ventures, BASF


Berlin-based Quantistry, a provider of cloud-native chemical simulation platforms, announced on Tuesday that it has secured €3M in a fresh funding round led by Ananda Impact Ventures. Other investors, including Chemovator, the business incubator of BASF, IBB Ventures, and a Family Office, also participated in the round. The capital injection will boost Quantistry’s efforts to transform chemical and material R&D with Quantum and AI.

Quantistry offers an intuitive cloud-native chemical simulation platform tailored to designing and discovering new sustainable materials. The company does this through its computational platform, which integrates quantum technologies, physics-based simulations, and machine learning. By leveraging quantum-based simulations, multiscale modelling, and AI-driven insights, the company’s tool enhances the optimisation, discovery, and design of innovative materials, offering unprecedented benefits to industries seeking sustainable solutions.

Read more at Silicon Canals

Volvo Cars partners with and invests in Breathe for next generation fast charging

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Volvo, Breathe Battery Technologies


Volvo Cars has partnered up with Breathe Battery Technologies (Breathe), becoming the first car company to get access to the latest version of its patented, algorithm-enabled charging software for use on our new generation fully electric cars.

By integrating Breathe’s software in Volvo Cars in-house developed battery management platform to optimize and improve the performance of our charging technology, we can provide Volvo customers with even faster charging times and an enhanced overall driving and charging experience.

We will implement the new technology in our new generation fully electric cars, where we expect it will reduce the time it takes to charge your fully electric Volvo from 10 to 80 per cent charging state by as much as 30 per cent*, while maintaining the same energy density and range. Even better: the charging time improvements will last across the full battery life cycle without impacting its health status.

Read more at Volvo Press

Li-Cycle stock surges on $75 million investment from Glencore

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Li-Cycle, Glencore


Lithium-ion battery resource recovery company Li-Cycle (NYSE: LICY) announced Tuesday it has raised $75 million through a senior note financing with an affiliate of Swiss commodities giant Glencore (LON: GLEN).

Glencore last year said it planned to develop a recycling hub in Europe with Li-Cycle to produce materials including lithium carbonate in response to a global shortage of key raw materials for the fast-growing electric vehicle (EV) market.

Read more at Mining.com

Cellexcel raises over £250,000 to accelerate commercialisation of unique carbon emission-reducing biomaterial technology

📅 Date:

🔖 Topics: Funding Event, Materials Science

🏢 Organizations: Cellexcel, University of East Anglia


Innovative biomaterial technology start-up Cellexcel has announced that it has closed its first funding round, raising over £250,000. Investments have come from College Green Ventures, New Anglia Capital, Low Carbon Innovation Fund, and Turquoise alongside angel investors from Anglia Capital Group. The funding will enable Cellexcel to engage with industry partners to further develop and commercialise Cellexcellent™ in real-world applications, while building its capabilities to enhance biomaterial water resistance.

Based on research from the University of East Anglia (UEA), Cellexcel has created a Cellexcellent™, a unique, patented technology to enhance the water resistance of biomaterials. This enables them to be integrated into external applications, such as composite panels used in the automotive or aerospace industry, reducing both weight and embedded CO2 emissions. By replacing emission-heavy materials such as polycarbonates, metal, or fibreglass composites companies benefit from around a 90% reduction in manufacturing CO2, – all while retaining their form, fit and function over time.

Read more at Cellexcel Blog

London’s EV courier startup Packfleet raises €9.1M from General Catalyst, Creandum, others

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Packfleet, General Catalyst, Voyager


London-based Packfleet, a logistics startup, announced that it has secured $10M (approximately €9.1M) in a Series A round of funding, co-led by General Catalyst and Voyager. Other existing investors, including Creandum, Entree Capital, and Founder Collective, participated in the round.

The UK company will use the funds to expand its operations within the city and to other British cities later this year, reports Reuters. Additionally, the capital will be used to develop the company’s proprietary routing software called Pathfinder.

Read more at Silicon Canals

MICLEDI Microdisplays Raises Series A Funding to Advance Best-in-Class microLED Display Design and Manufacturing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: MICLEDI Microdisplays, imec


MICLEDI Microdisplays announced a first closing of its Series A funding round with participation from imec.xpand, PMV, imec, KBC and SFPIM demonstrating strong support for the company’s value proposition and commercial and technological progress achieved in the seed round. Series A follows a significant seed round award and additional non-dilutive funding in the form of grants and other vehicles from VLAIO. This brings the company’s total funding to date to nearly $30 million.

MICLEDI used the seed round to validate a unique 300mm wafer manufacturing methodology, the first in the world at 300mm. Seed funding also enabled the company to prove best-in-class blue and green GAN-based microLED arrays with pixel-by-pixel microlenses in its unique 300mm flow. The company also demonstrated solid red performance using red GAN material with early proof of superior performance based on red AlInGaP. All three colors, R, G, & B, were demonstrated to large audiences at CES 2024 and SPIE AR-VR-MR 2024.

Lord added, “This newest round of funding will be used to expand the team, design and build an active backplane ASIC, and create a fully-functional microLED display module that can be used in glasses for AR displays. In addition, the new funds will help support collaboration agreements with customers and ensure that we keep pace with the growing demand for increasingly immersive video applications from Tier 1 customers and partners in the rapidly growing AR market.”

Read more at Globe Newswire

Airnguru secures $1 million investment to help airlines boost profits

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Airnguru


Airnguru – a leading provider of pricing intelligence and execution, fare management, and price automation solutions for airlines – announced it has raised $1 million USD in pre-Series A funding to deliver best-in-class pricing solutions for airlines.

Founded in 2015, Airnguru’s innovative solutions are trusted by leading global carriers Qatar Airways and British Airways (IAG), along with a growing roster of forward-thinking airlines including Avianca, Copa Airlines, LOT Polish Airlines, Finnair, and SKY Airline.

Read more at Airnguru News

U. S. Steel Makes Strategic Investment in Pittsburgh-Based Autonomous Warehousing Pioneer -- Freespace Robotics

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: US Steel, Freespace Robotics


United States Steel Corporation (NYSE: X) announced a strategic investment in Pittsburgh-based Freespace Robotics, a pioneering manufacturer of robotic storage and retrieval systems that are in demand by warehouses worldwide. This investment will help Freespace hire and retain local talent as well as recruit others into the region. As part of this investment, U. S. Steel’s Director of Strategy & Corporate Development, Jim Cook, will join the Freespace Robotics Board of Directors. Additional terms of the deal were not disclosed.

Read more at US Steel News

Glimpse: Battery Scanning Company Raises $4 Million

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Glimpse, Ibex Mobility, Flybridge Capital Partners


Glimpse – a provider of battery quality monitoring solutions for battery producers and electric mobility companies – announced its official launch and initial capital raise of $4 million. The company also announced the release of its high-throughput battery X-ray scanning service.

Glimpse raised $4 million in seed funding from venture capital firms Ibex Mobility and Flybridge Capital Partners and a syndicate of battery and EV angel investors. And the company’s three co-founders, who have collectively worked at Tesla, Toyota, and various electric mobility startups – bringing over 25 years of experience in several aspects of battery technology, including cell design, modeling, and manufacturing.

Glimpse developed a scalable, collaborative, and cost-efficient battery quality monitoring platform to help battery producers and buyers save billions of dollars in production scrap, battery pack field failures, and fleet recalls. And to address the challenge of enabling battery quality at scale, Glimpse harnesses X-ray CT scanning, the industrial equivalent of CAT scanning used in the medical field. The company’s timely launch aligns with the unprecedented Gigafactory and EV boom in the United States, driven by the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA).

Read more at Pulse 2

Suiso snaps £3M to produce low-cost, low-carbon hydrogen

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Suiso, Mercia Ventures


Suiso which develops a hydrogen generator that could boost the uptake of green energy, has raised £3 million in funding from NPIF – Mercia Equity Finance that recently invested in Pimberly and Eventum Orthopaedics. The investor is managed by Mercia Ventures and is a part of the Northern Powerhouse Investment Fund, and Mercia’s EIS funds.

The latest investment will enable it to scale up its technology and begin a pilot project. It aims to produce generators that can produce 1,000 kg of hydrogen a day, which is equivalent to 1.6 MW of energy and enough to fuel 50 20-tonne trucks. The company, which currently employs five staff, expects to create seven new jobs in the next six months.

Read more at Tech Funding News

Supply Chain Technology Provider Finboot Announces Latest Funding Round

📅 Date:

🔖 Topics: Funding Event, Blockchain

🏢 Organizations: Finboot


Finboot is announcing the completion of the first close of its latest funding round to accelerate the next phase of its growth strategy – with a particular focus on enabling companies and their net-zero transition through technology. This latest funding round has been led by a strategic investor together with Wealth Club.

Finboot’s solution, MARCO, enables companies to incorporate blockchain within their value and supply chains, bringing traceability, transparency and compliance which, in turn, helps them meet sustainability and environmental, track carbon emissions and social and governance (ESG) requirements while also increasing operational efficiency.

Read more at Fintech Finance News

Astera Labs Announces Launch of Initial Public Offering

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Astera Labs


Astera Labs, Inc. (“Astera Labs”) announced the launch of its initial public offering of 17,800,000 shares of its common stock. The offering consists of 14,788,903 shares of common stock offered by Astera Labs and 3,011,097 shares of common stock to be sold by certain of Astera Labs’ existing stockholders. Astera Labs will not receive any proceeds from the sale of shares by the selling stockholders.

Read more at Business Wire

Infinited Fiber Company Successfully Completes EUR 40 million Development Financing Round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Infinited Fiber, Inditex, TTY Management, Youngone, HM Group


Technology and fashion company Infinited Fiber Company has successfully completed a two-part development financing round totaling 40 million euros, with significant investments from new investors Inditex, TTY Management, Youngone and Goldwin, in addition to existing ones. After the development financing round, Inditex, TTY Management and H&M Group are the largest shareholders of Infinited Fiber Company.

Infinited Fiber Company is a Finnish technology and fashion company with a patented technology that turns cotton-rich textile waste, such as worn-out t-shirts, jeans, and production scraps into Infinna™, a virgin-quality, versatile textile fiber with the soft and natural look and feel of cotton. Infinna™ is biodegradable, contains no microplastics, and at the end of their life, garments made with it can be recycled in the same process together with other textile waste, enabling circularity in fashion.

Read more at Infinited Fiber

Ontraccr secures $1.2 million for construction management software

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ontraccr, LAB Ventures, Buildtech Ventures


Vancouver-based Ontraccr Technologies has closed $1.2 million CAD in seed funding for its construction management software.

Ontraccr said the all-equity round, which closed last December, included strategic investments from construction and proptech venture capital firms LAB Ventures and Buildtech Ventures, as well as from undisclosed industry executives. The funding will be used to improve Ontraccr’s platform and expand into more industry segments and the United States (US).

Founded in 2019 by CEO Syed Ahmed, CTO Shane McNamara, and COO Jas Nijjar, Ontraccr’s platform is meant to be an all-in-one, no-code solution for construction companies. It provides tools for project management, billing, time tracking, operations, analytics, and more for use across computers, phones, and tablets. Ahmed told BetaKit that Ontraccr has raised $1.8 million to date.

Read more at BetaKit

Reshape Automation aims to reduce barriers of robotics adoption

📅 Date:

✍️ Author: Steve Crowe

🔖 Topics: Funding Event

🏢 Organizations: Reshape Automation, Schematic Ventures


Reshape Automation has raised $1.7 million in pre-Seed funding. The round was led by Schematic Ventures and included Bee Partners. There was also a contribution from Oliver Cameron, who started the autonomous vehicle company Voyage in 2017 and sold it to Cruise in early 2021. Other robotics companies funded in part by Schematic Ventures include Plus One Robotics, Outrider, Root AI, which was acquired by AppHarvest for $60 million in 2021, and SVT Robotics.

Reshape Automation wants to make it easier for the U.S. manufacturing and logistics industries to adopt automation. At the core of the platform is an AI-powered marketplace. Reshape’s marketplace will launch with autonomous mobile robots (AMRs), robot arms, and various components and solutions from brands like Fanuc, Yaskawa, Robotize, Peer Robotics, Item, Nova Automation, Genba, OnRobot, Doosan, Fairino, and more.

Read more at Robot Report

Battery Scanning Company Glimpse Announces Seed Raise and Launch of its X-ray-powered Quality Monitoring Platform

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Glimpse


Glimpse has raised $4 million in seed funding from venture capital firms Ibex Mobility and Flybridge Capital Partners and a syndicate of battery and EV angel investors. The company’s three co-founders, who have collectively worked at Tesla, Toyota, and various electric mobility startups, bring over 25 years of experience in various aspects of battery technology, including cell design, modeling, and manufacturing.

Glimpse has developed a scalable, collaborative, and cost-efficient battery quality monitoring platform designed to help battery producers and buyers save billions of dollars in production scrap, battery pack field failures and fleet recalls. To address the challenge of enabling battery quality at scale, Glimpse harnesses X-ray CT scanning, the industrial equivalent of CAT scanning used in the medical field. The Somerville, MA-based company’s timely launch aligns with the unprecedented Gigafactory and EV boom in the United States, driven by the Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA).

Read more at GlobeNewswire

Chip startup Efficient Computer raises $16 million led by Eclipse

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Efficient Computer, Eclipse Ventures, Carnegie Mellon


Chip startup Efficient Computer said on Thursday it had raised $16 million in a seed funding round led by Silicon Valley venture capital firm Eclipse to help fund work on its low-power chip designs. Pittsburgh-based Efficient developed a new design, or architecture, for its chips that focuses on producing processors that use the least possible amount of energy. Called Fabric, the architecture was developed by Efficient’s founding team over seven years at Carnegie Mellon University.

Efficient has built a test chip called Monza and plans to use the funding help with research and development, and go-to-market to begin to sell chips. The company will market the chips to customers in industries such as health devices, civil infrastructure monitoring, satellites, defense and security. Devices running on chips that use a tiny amount of power will last longer in the field without the need for replacement power.

Read more at Reuters

Defense Unicorns Raises $35 Million Series A to Advance National Security through Open Source Software

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Defense Unicorns, Sapphire Ventures, Ansa Capital


Defense Unicorns, a software startup providing open source software and AI capabilities for National Security systems, announced it has raised a $35 million Series A funding round led by Sapphire Ventures and Ansa Capital.

Founded by early leaders of the Department of Defense’s software factories – a grassroots Air Force initiative turned mandate to accelerate secure, agile software development practices – Defense Unicorns enables continuous delivery of software and AI applications in any environment. Most notably, the company’s technology is able to deploy to air gapped environments – environments that are typically disconnected from the internet. Leveraging Defense Unicorns’ solutions, national security systems can quickly adopt modern technologies wherever the mission happens, whether in space, undersea or elsewhere. Growing defense budgets reflect demand for these modern capabilities, as the Department’s funding for IT and cyber, which includes such efforts as cloud adoption and software modernization, is set to increase to over $58.5B in FY24 with an additional $1.8B specifically planned for AI and machine learning.

Read more at Business Wire

Cogna's AI-powered SaaS raises £3.76M to improve industry problem-solving

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cogna, Hoxton Ventures


London-based Cogna announced it has raised £3.76 million to transform how traditional industries solve unique, difficult problems. The funding round was led by Hoxton Ventures, with participation from Notion Capital and Octopus First Cheque Fund, and a roster of angel investors including Stan Boland (Founder, Icera); Hermann Hauser (of Amadeus Capital Partners); Professor Neil Lawrence (DeepMind Professor of Machine Learning, Cambridge); Zayd Enam and Tim Shi (Founders of Cresta); Ping Wu (CEO of Cresta); and Aviv Nevo, Nick Elliot (Helsing).

Founded in 2023, Cogna is a SaaS company using AI to create highly customised software applications, selling them as a standard SaaS licence to numerous companies. Cogna’s AI-driven SaaS platform simplifies the integration of data across different business areas and gives domain experts the ability to create their own customised software tools in collaboration with AI – to drive analysis, optimisations and decisions that deliver vast improvements.

Read more at Tech EU

NPS Completes $17.5M Series B Funding for Software-Defined Radar Led by Cota Capital with Key Strategic Investment from GM Ventures and RTX Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Neural Propulsion Systems, General Motors, Raytheon


Neural Propulsion Systems (NPS), a pioneer in software-defined radar, announced it secured a $17.5 million Series B funding round. The round is led by Cota Capital with contributions from GM Ventures, the venture capital arm of General Motors Co. (NYSE: GM), and RTX Ventures, the venture capital arm of RTX (NYSE: RTX). This collaboration marks a transformative step in enhancing roadway safety (benefiting pedestrians, drivers and all other traffic participants) and defense radar systems.

NPS will use the investment to further develop and apply its award-winning Atomic Sensing Platform to automotive radar technology. The platform provides significantly enhanced, reliable radar resolution and groundbreaking precision. The improved performance stems from a new mathematical framework known as the Atomic Norm (AN), revolutionizing how the raw sensor data is processed into relevant information.

Read more at PR Newswire

BRKZ Secures $8m in Series A Funding to Revolutionize the Building Materials Sector in MENA

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: BRKZ, 9900, BECO Capital, Aramco


Helping to connect construction businesses with suppliers of building materials, a pioneering B2B construction tech startup BRKZ that specializes in materials procurement for construction projects is announcing a $8 million investment to empower contractors to reach their full potential.

The funding round was co-led by 9900 and BECO Capital, with participation from Aramco’s Wa’ed Ventures, Knollwood Investment Advisory, RZM Investment and MISY Ventures. With this series A funding round, BRKZ has now raised $13.55m in total. BRKZ’s seed round ($5.55m) was led by Better Tomorrow Ventures, with participation from Class 5 Global, Knollwood Investment Advisory, Plus VC, and several other strategic Saudi angel investors.

Read more at News Direct

Claroty Secures $100 Million in Strategic Growth Financing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Claroty, Delta-v Capital


Claroty, the cyber-physical systems protection company, announced it has secured $100 million in strategic growth financing. Participants include lead equity investor Delta-v Capital, as well as AB Private Credit Investors at AllianceBernstein, Standard Investments, Toshiba Digital Solutions, SE Ventures, Rockwell Automation, and Silicon Valley Bank, a division of First Citizens Bank. Combined with Claroty’s existing $635 million in funding to date, this new financing further establishes the company’s leadership position in the critical infrastructure cybersecurity market.

The funds will be used to scale Claroty’s platform approach to cyber-physical systems (CPS) protection across key verticals including the public sector and heavily regulated critical infrastructure industries, expand in emerging regions across the Americas, EMEA, and Asia-Pacific, fuel research and development for core and adjacent technologies including secure remote access, and double down on new and existing strategic partnerships.

Read more at PR Newswire

Nextron receives investment of R$26 million led by Vox Capital and Copel Ventures

📅 Date:

✍️ Author: Bruna Galati

🔖 Topics: Funding Event

🏢 Organizations: Nextron, Vox Capital, Copel Ventures


Nextron, a climate tech that connects renewable energy generators to consumers through subscriptions, raised R $26 million in a Series A round, led by Vox Capital and Copel Ventures. The new investment will serve to expand the startup’s operations nationally in addition to scaling the proprietary customer acquisition platform, totaling more than 50 thousand subscribers by the end of 2024.

Read more at Startupi

Munich-based phelas secures €4.1M for its long-duration energy storage tech

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: phelas, E44 Ventures


Munich-based phelas, a pioneer in the energy storage sector, announced Wednesday that it has secured €4.1M in a seed round of funding. The funding round is led by E44 Ventures, an Israeli climate tech fund, with participation from Axon Partners Group, Deutsche Telekom hub:raum Fund, BNV Partners, other investors, and existing angel investors.

The German company will use the funds to scale its phelas Liquid Air Energy Storage to Megawatt Scale to deploy the systems in the EU.

Read more at Silicon Canals

Glacier Raises Another $7.7M from New Enterprise Associates and Amazon's Climate Pledge Fund to Bring AI-Powered Robots to More Recycling Centers

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Glacier, Amazon, New Enterprise Associates


Glacier, an AI and robotics company helping the recycling industry create a world without waste, announced it has raised $7.7 million in funding from NEA and Amazon’s Climate Pledge Fund, with additional participation by notable investors including AlleyCorp, Overture Climate VC, and VSC Ventures.

Glacier will allocate a significant portion of the funding towards team expansion and developing its low-cost, high-performance AI-enabled robots, which streamline recyclable sorting while gathering real-time data on recycling streams for businesses. Additionally, Glacier intends to utilize the funding to bolster its recycling capabilities, particularly in light of its recent collaboration with Amazon. This partnership is geared towards enhancing traceability and recovery processes for recyclable materials.

Read more at Endwaste

Enzzo Announces $3M in Seed Funding to Accelerate Hardware Product Development

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Enzzo, Unlock Venture Partners


Enzzo, a company reimagining how hardware products are created by leveraging generative AI, announced that it raised a $3 million seed investment led by Unlock Venture Partners with participation from PSL Ventures and the newly created Mayfield/Pioneer Square Labs AIStudio Fund. With this round of funding, the company will be expanding the team refining and building its platform.

Enzzo empowers teams to define innovative products and their requirements faster and more efficiently than is possible - from weeks or months to days - saving time and expense. Enzzo runs in modern web browsers and leverages the power of foundation models along with company-provided data to prompt, synthesize user inputs, and then generate key outputs. The service features product management expertise accessible via a chat interface, a collaborative workspace for team members and partners to work on requirements, and document generation capability to accelerate the definition of new products.

Read more at PR Newswire

PayShepherd Secures $7M to Solve Heavy Industry’s Biggest Challenge with Contractor Management

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: PayShepherd, Inovia Capital


PayShepherd, a contractor management solution for industrial sites, has closed $7 million CAD in an oversubscribed round of Seed+ funding to expand its target markets across North America and enhance its platform with new capabilities.

New investor Inovia Capital, a venture capital firm actively supporting global sustainable tech companies, led the all-equity round, with participation from existing investors Nashville Capital Network, Thin Air Labs, Accelerate Fund III managed by Yaletown Partners with support from A100, as well as undisclosed strategic angel investors. Inovia partner Shawn Abbott is joining PayShepherd’s board as part of the raise.

Read more at Business Wire

Greenlyte Carbon Technologies secures €10.5M for Direct Air Capture System

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Greenlyte Carbon Technologies


Direct Air Capture startup Greenlyte Carbon Technologies (GCT) announced the closing of a €10.5 million Pre Series A round. This process can be fully integrated with renewable energies and doesn’t rely on high heat or pressure. The generated CO2 and hydrogen can then be used as feedstock for chemicals, construction materials, and alternative fuels or to create negative emissions.

With the new funds, we can grow our team from 30 to 50 people, allowing us to perform technology development and deployment in parallel with our expedited go-to-market, accelerate our scaling, and drive down costs more rapidly. The round is proof of our ambition to build a global DAC champion fast.”

Read more at Tech EU

Danish startup NitroVolt lands €750K to scale up green ammonia production

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: NitroVolt, BackingMinds, Technical University of Denmark


NitroVolt is working towards a solution that will produce green ammonia directly at farms. Now, NitroVolt has raised €750K in a pre-seed round from the Swedish venture firm BackingMinds (backed SNERPA). Previously, the startup received the Breakthrough Energy Fellowship Grant in 2023.

NitroVolt will use the investment to enable a local and cheaper production of ammonia. This is possible with its Nitrolyzer unit, which produces ammonia using only air, water and electricity. The company will use the funds to scale production by a factor of 1,000 and for market expansion.

Read more at TechFundingNews

Ai Palette raises $5.7m to expand AI-powered insights platform, adds ‘FoodGPT’ chatbot

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ai Palette, Tin Men Capital


Singapore-based startup Ai Palette has raised $5.7 million in a series A1 funding round to expand its AI-powered platform to help food companies accelerate and de-risk the product innovation process.

Led by new investor Tin Men Capital and supported by existing backers Exfinity Ventures and pi Ventures, the round takes Ai Palette’s cumulative funding to $11.2 million and will help the company build its sales and marketing team, push beyond food & beverage into beauty and personal care, and further expand the scope and geographical reach of its platform.

The platform—used by food & beverage giants including Nestlé, Symrise, ADM, Kellogg, Mondelēz International, Diageo and Cargill along with multinational personal care and beauty firm Himalaya Wellness.

Read more at AgFunderNews

Sunfire secures more than EUR 500 million to accelerate its growth

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Sunfire


The German electrolyzer manufacturer announces a significant financial milestone with EUR 215 million raised in a Series E equity financing round, further complemented by a term loan of up to EUR 100 million provided by the European Investment Bank (EIB). In addition, Sunfire has access to approx. EUR 200 million from previously approved, undrawn grant funding to support its growth. This makes Sunfire one of the best capitalized electrolyzer manufacturers in the industry.

Sunfire’s pressurized alkaline and high-temperature solid oxide electrolysis technologies are a key enabler of the transition to renewable energy, offering a scalable and efficient means of producing green hydrogen. The company targets installing several gigawatts of electrolysis equipment by 2030 in large-scale green hydrogen projects, securing a leading position in the fast-growing global electrolyzer market.

Read more at Sunfire News

RIOS Intelligent Machines Announces Successful Completion of $13 Million Series B Funding Round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: RIOS, Yamaha, IAG Capital Partners


RIOS Intelligent Machines, a leader in AI-powered robotics for the manufacturing industry, is excited to announce the successful completion of a $13 million Series B funding round. This significant milestone was co-led by Yamaha Motor Corporation and IAG Capital Partners, marking a continued and strengthened partnership in advancing manufacturing and automation technologies.

This new round of funding will fuel RIOS’s growth in three key industry segments: wood products, beverage distribution, and packaged food products. The company will continue to roll out highly differentiated AI and vision-driven robotics solutions, starting with a groundbreaking product in the lumber and plywood handling sector.

Read more at Business Wire

Snowflake Ventures Invests in Landing AI, Boosting Visual AI in the Data Cloud

📅 Date:

🔖 Topics: Funding Event, Partnership

🏢 Organizations: Landing AI, Snowflake, McRock Capital


Snowflake and Landing AI are already partners, and we’re excited to announce today that we are deepening our relationship with an investment in Landing AI. Through this next phase of partnership, customers will be able to leverage Landing AI’s computer vision capabilities natively on Snowflake via Snowpark Container Services and Snowflake Native Apps. This will enable the building of powerful, custom-built computer vision solutions that process images and videos at scale, all within the secure, governed boundary of the Data Cloud.

Read more at Snowflake Blog

Taalas emerges from stealth with $50 million in funding and a groundbreaking silicon AI technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Taalas, Quiet Capital


Taalas Inc., an innovator in AI and silicon, is pleased to announce that it has exited stealth mode and raised $50 million dollars over two rounds of funding led by Pierre Lamond and Quiet Capital.

Taalas is developing an automated flow for rapidly implementing all types of deep learning models (Transformers, SSMs, Diffusers, MoEs, etc.) in silicon. Proprietary innovations enable one of its chips to hold an entire large AI model without requiring external memory. The efficiency of hard-wired computation enables a single chip to outperform a small GPU data center, opening the way to a 1000x improvement in the cost of AI. The company is taping out its first large language model chip in the third quarter of 2024 and planning to make it available to early customers in the first quarter of 2025.

Read more at PR Newswire

HData Raises $10 Million to Accelerate Energy-Sector Data Intelligence

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: HData, Buoyant Ventures


HData, a company using AI and automation to help the U.S. energy industry to file, explore, analyze, and leverage regulatory data, announces the close of $10 Million in Series A funding, led by Buoyant Ventures, an early-stage venture fund that invests in digital solutions to combat climate change. Participating investors include Victorum Capital, Hyde Park Venture Partners, and Firebrand Ventures, among other prominent investors. Funds will be used to accelerate the expansion of the flagship HData platform with enhanced capabilities for energy industry professionals.

HData’s innovative AI-powered platform enables clients to receive, analyze and understand crucial data, empowering key strategic decision-making for energy initiatives. HData’s expanded platform will play a crucial role by amassing the largest authoritative library of structured and unstructured regulated energy data in the industry, and equipping companies with powerful AI tools that can quickly unearth intelligence that previously would have taken months to uncover, if at all. This caliber of analysis will transform energy companies’ day-to-day while also providing the critical energy transition intelligence required to solve significant regulatory and climate-related issues.

Read more at PR Newswire

Gridcog's clean energy project assessment and simulation platform secures £3.3M funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Gridcog, AlbionVC


Cleantech software startup Gridcog announced it has secured £3.3 million in funding. With Gridcog, companies get a holistic view of their energy resources, including solar, wind, battery storage, EV fleets and charging infrastructure, and flexible loads across multiple sites and energy markets. Gridcog’s platform helps users assess how existing solutions perform, simulate the impact of market and project changes, and – thanks to live feeds of energy prices and other market considerations – see how their projects stack up in multiple commercial scenarios.

The funding led by AlbionVC will see Gridcog double down on its expansion across the UK and Europe following a year of five-fold revenue growth in these regions.

Read more at Tech EU

Sweden’s Plexigrid secures €6.5M from the European Innovation Council

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Plexigrid


Stockholm-based Plexigrid, a company that claims to reinvent electric grids for the energy transition, has secured €6.5M in a fresh round of funding from the European Innovation Council (EIC) Accelerator Programme. Plexigrid’s latest funding comprises a non-diluting €2.5M technology development grant and €1M in equity capital from Plexigrid. EIC contributed the remaining €4M as equity capital, to be combined with external funding in Plexigrid’s next funding round.

According to Plexigrid, this investment highlights the company’s dedication to transforming the energy sector and tackling key challenges in the shift to renewable energy sources.

The funding will drive the completion of Plexigrid’s flexibility orchestration engine and platform integration. These resources will fuel global scaling.

Read more at Silicon Canals

GeoPura closes £56 million investment round with backing from UK Infrastructure Bank to accelerate UK’s green hydrogen expansion

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: GeoPura, General Motors, Siemens


GeoPura has completed a £56 million investment round that will help accelerate the UK’s adoption of green hydrogen by expanding production capacity, growing the specialist workforce in the UK, and increasing the deployment of our power generation technology.

The UK Infrastructure Bank committed £30million to the round, led by a follow-on investment from Barclays Sustainable Impact Capital and supported by our existing investors: GM Ventures, SWEN Capital Partners, and Siemens Energy Ventures.

The financing will directly increase the manufacture and supply of GeoPura’s Hydrogen Power Units (HPUs) in Newcastle, which replace traditional diesel generators and emit zero harmful emissions. The HPUs have already been successfully supplied to a wide range of high-profile customers including the Ministry of Defence, Balfour Beatty, National Grid and the BBC.

Read more at GeoPura News

🏴󠁵󠁳󠁣󠁡󠁿 Figure Raises $675M for Its Humanoid Robot Development

📅 Date:

✍️ Author: Evan Ackerman

🔖 Topics: Funding Event

🏢 Organizations: Figure, Microsoft, OpenAI, NVIDIA, Intel


Figure is announcing an astonishing US $675 million Series B raise, which values the company at an even more astonishing $2.6 billion. Figure is one of the companies working toward a multipurpose or general-purpose (depending on whom you ask) bipedal or humanoid (depending on whom you ask) robot. The astonishing thing about this valuation is that Figure’s robot is still very much in the development phase—although they’re making rapid progress, which they demonstrate in a new video posted this week.

This round of funding comes from Microsoft, OpenAI Startup Fund, Nvidia, Jeff Bezos (through Bezos Expeditions), Parkway Venture Capital, Intel Capital, Align Ventures, and ARK Invest. Figure says that they’re going to use this new capital “for scaling up AI training, robot manufacturing, expanding engineering head count, and advancing commercial deployment efforts.” In addition, Figure and OpenAI will be collaborating on the development of “next-generation AI models for humanoid robots” which will “help accelerate Figure’s commercial timeline by enhancing the capabilities of humanoid robots to process and reason from language.

Read more at IEEE Spectrum

🏴󠁵󠁳󠁴󠁸󠁿 Fervo Energy Raises $244 Million to Accelerate Deployment of Next-Generation Geothermal

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Fervo Energy, Devon Energy, Mitsubishi Heavy Industries


Fervo Energy, the leader in next-generation geothermal development, announced that it has raised $244 million in new funding led by Devon Energy, a pioneer in shale oil and gas. This financing will unlock Fervo’s next phase of growth, deploying proven technology adapted from the oil and gas industry at scale to deliver commercially viable 24/7 carbon-free energy. Galvanize Climate Solutions, John Arnold, Liberty Mutual Investments, Marunouchi Innovation Partners, Mercuria, and Mitsubishi Heavy Industries also joined the round alongside existing investors Capricorn’s Technology Impact Fund, Congruent Ventures, DCVC, Elemental Excelerator, Helmerich & Payne, and Impact Science Ventures.

Since its last fundraise, Fervo has successfully brought its first commercial project online, establishing Fervo’s system as the most productive enhanced geothermal system (EGS) in history. Fervo has also begun drilling at Cape Station, a 400 MW project in Beaver County, Utah. Early drilling results show reduced drilling times and lower costs that significantly exceed Department of Energy expectations for EGS. The fundraise will support Fervo’s continued operations at Cape Station, which will begin delivering clean electricity to the grid in 2026.

Read more at Business Wire

🇩🇪 Assemblio raises €2.1 million to create the future of assembly planning

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Assemblio, LEA Partners


Assemblio, a software company that helps to intelligently plan assembly and generate fully automatic assistance systems for production, has completed a €2.1 million seed funding round. The lead investor is LEA Partners, joined by Mätch VC, Cross Atlantic Angels, Silver Scale, and Integra, as well as other business angels. The Assemblio team plans to use the fresh capital to expand further and drive forward product development. The big goal is to make assembly processes easier, faster, and more cost-efficient.

Assemblio offers an AI-based software solution for time- and cost-efficient assembly planning. Its Assembly Information Models reduce the planning effort from weeks and months to a matter of minutes, actively contributing to cost reduction. This has already convinced various large industrial customers such as Krones and Bosch.

Read more at EU-Startups

🇬🇧 Sonichem secures €1.4 million to convert sawdust into high-value bio-based chemicals

📅 Date:

🔖 Topics: Funding Event

🏭 Vertical: Pulp and Paper

🏢 Organizations: Sonichem, ACF Investors


Sonichem, an East Midlands-based startup that converts low-value forestry by-products into high-value, renewable biochemicals, has secured €1.4 million in Pre-Series A funding including a follow-on investment by ACF Investors. The investment will be used to further develop its technology and finalise plans for a biorefinery plant — the first of its kind.

Only 55% of logs that enter a sawmill become usable construction timber. The other 45% end up as low-value by-products such as woodchips and sawdust. Sonichem breaks down this feedstock through its novel patent process — combining chemistry and ultrasound technology — into three main constituent natural bio-based chemicals: sugars, cellulose and lignin. For every £1 of sawdust, Sonichem’s technology can create £8 worth of bio-based sustainable chemicals.

Read more at EU-Startups

Oshkosh Corporation Invests in AI-Powered Battery Management Software Company Eatron Technologies

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Eatron Technologies, Oshkosh


Oshkosh Corporation, a leading innovator of purpose-built vehicles and equipment, announced that it has invested in Eatron® Technologies, a pioneering developer of Artificial Intelligence (AI) powered Battery Management Software (BMS). Oshkosh’s investment in Eatron supports its vision to leverage advanced analytics and predictive modeling for lithium-ion batteries to manage its wide range of electric vehicles.

Eatron is developing smarter battery management technology by implementing an intelligent software layer on top of existing battery control platforms that can be hosted on the cloud or on the edge. Its BMS combines models of the battery with AI and advanced estimation methods, to ensure accurate and reliable predictions about the battery’s state, health and operation.

Read more at Business Wire

Anthro Closes $20M Series A Financing and Completes UN 38.3 Battery Certification

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Anthro Energy, Collaborative Fund


Anthro Energy announced two major milestones: the closing of an over-subscribed $20M Series A financing round and completion of UN 38.3 battery certification, a key global safety standard for lithium battery transport. Collaborative Fund led the financing, with significant participation from existing investors including Union Square Ventures, Emerson Collective, and Voyager Ventures. Energy Revolution Ventures, Ultratech Capital Partners, Nor’easter Ventures, and Overlap Holdings also participated in the round. The funds will be used to build a Bay Area-based pilot production facility to commercialize and scale Anthro’s advanced battery technologies.

Anthro’s key innovation is its advanced non-volatile and mechanically tunable polymer electrolyte. The company’s proprietary polymer replaces the highly flammable liquid electrolyte in conventional lithium-ion batteries. “Our polymer electrolyte provides an unprecedented combination of performance, safety, and mechanical integrity,” said Anthro CTO Joe Papp, Ph.D. “By replacing conventional liquid electrolytes with our polymer, we can enable new battery form factors and battery chemistries that can facilitate broader electrification efforts across our economy.”

Read more at PRWeb

Climate tech startup atmio emerges from stealth to combat methane emissions

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: atmio


atmio has raised €1.3 million to date in a pre-seed/angel investor round and is backed by HCVC, Robin Capital, and Nucleus Capital, alongside industry experts including longtime Dräger executive Bernhard Mohr. The startup is currently fundraising for its next round.

According to Schmittmann, atmio’s singular solution has the potential to find, fix, and report methane emissions 10x faster than ’s de facto methods, and is 100 per cent compliant with EU methane regulations.

Read more at HTGF News

German renewables firm Enviria secures $200 mln Blackrock capital commitment

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Enviria, BlackRock


German commercial and industrial solar startup Enviria said it had secured a capital commitment of over $200 million from the world’s biggest asset manager, BlackRock (BLK.N), opens new tab, as the company seeks to expand its projects in Germany.

Founded in 2017, the Frankfurt-based firm offers photovoltaic systems for companies interested in switching to solar power, including financing, planning, installation, storage and operation solutions. With companies comprising around 70% of Germany’s national electricity usage, and only 10% of firms equipped with solar systems on their roofs, Enviria is betting on several hundred gigawatts of untapped renewable energy capacity.

Read more at Reuters

Swedish EV maker Polestar bags €877M in external funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Polestar


Gothenburg-based Polestar, a premium electric vehicle firm, announced on Wednesday that it has secured $950M (approximately €877M) as a three-year loan facility. The funding was provided by 12 leading international banks, including BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC, and SPDB.

The Swedish company intends to use the raised funds to finance its next development stage, which covers its financing requirements. Thomas Ingenlath, Polestar CEO, says, “Securing funding from a syndicate of global banks reflects our partners’ support for Polestar’s growth course. Together with Geely’s full financial support and access to innovative technology and engineering expertise, we have reinforced our path towards cash flow break-even targeted in 2025.”

Read more at Silicon Canals

🇨🇦 Elevated Signals Raises $7.9 Million in Series A Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Elevated Signals, Yaletown Partners


Elevated Signals Inc., a company pioneering modern manufacturing software, is pleased to announce that it has secured CAD$7.9 million in Series A funding. The investment was led by Yaletown Partners, with participation from Third Kind Venture Capital, WGD Capital, Colin Harris, Raiven Capital, and Pareto Holdings.

Elevated Signals’ cloud-based platform automates and simplifies the capture of real-time manufacturing data, providing a unified source of truth that is accessible company-wide. This data also lays the foundation for companies to leverage artificial intelligence (AI) for continued process optimization. Elevated Signals serves a growing list of sectors ranging from controlled environment agriculture to natural health product manufacturing, critical minerals recovery, mining, and more. Its technology was pioneered in one of the most regulated industries in the world, setting it apart in the market with its real-time precision and flexibility to support new process innovation.

Read more at Business Wire

Introducing venx: The First Deep Tech Venture Capital Collaborative

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Anzu Partners, Hitachi, Myriad Venture Partners, SkyRiver Ventures


A group of venture capital firms has launched venx (ven^x), a hub in downtown Boston for venture capital firms to collaborate, share knowledge, and build synergies to become a force multiplier for the deep tech ecosystem. The founding venture firms include Anzu Partners, Hitachi Ventures, Myriad Venture Partners, SkyRiver Ventures, along with the real estate consulting firm The Steele Group. Each firm has a strong connection to Boston’s deep tech heritage and well-regarded universities that regularly spin out innovative deep tech startups, companies built upon scientific or engineering breakthroughs. venx firms will have access to a shared office where they can collaborate day-to-day, host events for the local startup community, and bring other local firms into the fold.

The founding firms of venx are creating a supportive deep tech VC ecosystem where both startups and firms can leverage each other’s unique expertise to access a larger pool of capital for future investments and to foster the right connections to grow their business.

Read more at Business Wire

Collov AI Secures $10 Million in Series A Funding to Revolutionize Home Furnishing with AI Design Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Collov AI, GoldenHome Living


Collov AI has successfully raised $10 million in Series A funding, led by one of the largest cabinet manufacturers, GoldenHome Living Co Ltd, a public company (SHA: 603180) that specializes in the research, design, and manufacturing of kitchen cabinets. This strategic partnership propels Collov AI’s innovative AI Cabinet design tool into the spotlight, now being utilized in over 3,000 GoldenHome Living stores throughout Asia and the brand’s TikTok live broadcasts that drive millions of impressions.

Read more at Business Wire

Parspec Announces $11.5M Seed Funding led by Innovation Endeavors, bringing the power of AI to construction product procurement

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Parspec, Innovation Endeavors


Parspec, an AI-powered software platform that streamlines the selection and sale of construction products, announced its oversubscribed $11.5 million seed round. Innovation Endeavors led the investment, with participation from Building Ventures, Heartland Ventures, and Hometeam Ventures. Two investors joined the board in connection with the investment: Innovation Endeavors’ Josh Rapperport as a board member and Building Ventures’ Allen Preger as a board observer.

Founded in 2021, Parspec is transforming the $1.7 trillion global construction materials market by providing better information and online workflows to support the procurement process. Parspec’s CEO and co-founder Forest Flager, who earned his Ph.D. at Stanford and previously led software at Katerra, explains the problem and solution as follows: “To select products today, practitioners typically compare design specifications to technical product documentation hosted on thousands of manufacturer websites. It is a time consuming and error-prone process that contributes to procurement costs (in construction) that are nearly double comparable industries. Parspec uses AI to instantly identify spec-compliant products and associated documents, reducing labor by more than 50% compared to manual methods while improving compliance.”

Parspec is initially focused on serving sales agencies and distributors of lighting and electrical products. The company is currently working with three of the top ten lighting agencies and four of the five largest electrical distributors in the United States, including Sonepar, Graybar, Rexel and CED.

Read more at Business Wire

Exodigo Closes $105 Million Series A to Lead Underground Mapping Revolution

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Exodigo, Greenfield Partners, Zeev Ventures


Exodigo, the artificial intelligence (AI) innovator modernizing underground mapping, announced the close of a $105 million Series A round, converting $30 million previously secured in SAFEs, for a total of $118 million in funding since its launch in 2022. Greenfield Partners and existing investor Zeev Ventures co-led the Series A with participation from existing investors SquarePeg, 10D VC, JIBE and National Grid Partners. Exodigo continues to lead a complete reinvention of underground mapping and plans to use the new capital to further build out its global team, accelerate the development of a self-service product line, and support its expansion into new markets.

Read more at PR Newswire

Axiom Cloud Closes $5 Million in Funding to Accelerate Deployment of Refrigerant Leak Detection Software

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Axiom Cloud, Toshiba, Windsail Capital Group


Axiom Cloud, announced that it closed $5 million in funding from Toshiba Tec and Windsail Capital Group. This funding aims to accelerate the deployment of the company’s AI-powered “Early Leak Detection” (ELD) module, which detects refrigerant leaks earlier without requiring any new onsite hardware or sensors. Axiom Cloud’s technology and services will be especially vital as facilities move to comply with recently-announced EPA regulations outlined in the American Innovation and Manufacturing (AIM) Act, which restrict commercial emissions of Hydrofluorocarbons (HFCs) through refrigerant leaks and other sources.

Subsection (h) of the AIM act, “Management of Regulated Substances,” announced in October 2023, mandates that the approximately 20,000 U.S. facilities must install Automatic Leak Detection (ALD) systems in commercial refrigeration appliances within 12 months after the final rule goes into effect. The AIM act has been called “the single-most effective climate action taken in the US” in part because it aims to cut HFC production and consumption by 85% over the next 15 years.

Read more at PR Newswire

Intenseye Secures Record-breaking $64M Series B to Advance Its Mission of Transforming Workplace Safety With AI

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Intenseye, Lightspeed Venture Partners


Intenseye, the leader in AI-powered workplace safety solutions, secured $64 million in series B funding led by new investor Lightspeed Venture Partners with participation from existing investors Insight Partners, Point Nine, and Air Street Capital. This latest infusion of capital is the industry’s largest ever and follows a historic year for Intenseye, marked by the proactive detection of tens of millions of workplace hazards and global growth and expansion across six continents.

Intenseye’s enterprise-ready computer vision AI platform delivers 24/7 visibility into unsafe acts and conditions that precede work-related injuries or illnesses — and that often go unnoticed via manual audits. Having alerted customers to more than 36 million such instances in 2023 alone, the solution is purpose-built to empower environmental health and safety (EHS) teams to drive changes that enhance efficiency, streamline compliance, and ultimately help prevent workplace incidents without compromising worker privacy.

Read more at Business Wire

🇩🇪 RobCo raises €39.1M from Lightspeed, Sequoia, others

📅 Date:

🔖 Topics: Funding Event, XaaS

🏢 Organizations: RobCo, Lightspeed Venture Partners, Sequoia Capital, Technical University of Munich


RobCo, a provider of affordable and connected robotics automation solutions for small and medium-sized enterprises (SMEs), has secured $42.5M (approximately €39.17M) in a Series B round of funding. The investment came from global VC firm Lightspeed Venture Partners along with existing investor Sequoia Capital. Kindred Capital and Promus Ventures also participated in this round.

RobCo facilitates SMEs’ entry into automation and addresses challenges such as skilled labour shortages, production scalability, and the transition to Industry 4.0. The company’s platform allows remote configuration, implementation, and management of robots via a digital twin, using a low-code approach that eliminates the need for complex programming or specialised personnel. In addition, RobCo combines its proprietary patented platform approach with a novel business model – Robot-as-a-Service (in short: RaaS).

RaaS allows small and midsize manufacturers to pay for robotic services on a monthly basis instead of buying hardware. Manufacturers see an immediate return of automation, while avoiding large upfront investments, and they’re able to transform robotics budgets from CapEx to OpEx.

Read more at Silicon Canals

Rototip secures €1M to expand manufacturing solutions

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Rototip, ACT Venture Partners


Following major disruptions to long-established supply chains and squarely taking aim at China’s dominance in the sector, Rototip, an Amsterdam-based manufacturing startup with an affiliate based in Ankara, has secured €1 million in a financing round that will see the firm expand its near-shoring solutions for European and North American companies.

Founded in late 2021, Rototip says its platform stands out in the manufacturing landscape, actively managing the entire manufacturing process, offering customers mechanical parts made out of metal or thermoplastics using CNC machining, laser-cutting, injection moulding, die casting, welding, as well as assembly services.

Read more at Tech EU

UNSEENLABS announces a record-breaking fundraising of €85 million

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Unseenlabs, Supernova Invest


Unseenlabs, a France-based company and global leader in maritime surveillance through detection and geolocation of radio frequency signals from space, announces the closure of an exceptional fundraising round of €85 million. This operation, one of the largest in the space industry, confirms the global interest in Earth observation and marks a new milestone in Unseenlabs’ development. This new funding round brings together leading investors: Supernova Invest, ISALT via its Strategic Transition Fund, and UNEXO. All of Unseenlabs’ historical partners – 360 Capital, OMNES, Bpifrance.

This new fundraising will enable Unseenlabs to intensify its technological innovations and expand its service offering, while strengthening its position as a global leader in RF signal detection. Investors, attracted by the technological breakthrough brought by Unseenlabs and the strength of its economic model, are committed to supporting the company’s long-term vision.

Read more at Unseenlabs

🇬🇧 Funding agreed to secure £350 million inward investment project

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Sumitomo Electric


A funding package has been agreed to secure an estimated £350 million inward investment project for Scotland from Sumitomo Electric UK Power Cables Ltd (SEUK), a subsidiary of Japanese company Sumitomo Electric Industries Ltd (SEI). Now the Scottish Government, along with Highlands and Islands Enterprise (HIE) and Scottish Enterprise, have approved up to £24.5 million in public sector support to secure the project. This comprises £19.37 million in Scottish Government funding, £4.6 million from HIE and £530,000 from Scottish Enterprise.

The £25.4 million in funding will support the project as it begins to invest in its plant and equipment, construction of a new purpose-built factory, and long-term land leasing and associated costs.

Read more at Scottish Development International

€1.6 million investment for XITO: Seed funding for easily accessible robotics

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Toolify Robotics, HTGF


The start-up Toolify Robotics, founded by the three robotics experts Dr. Dennis Stampfer, Dr. Matthias Lutz and Dr. Alex Lotz, has convinced investors of its business model and completed its seed financing with a total of €1.6 million. “We will use the funds from this financing round to further accelerate our growth,” says Dr. Dennis Stampfer. “We plan to expand our innovative solution platform, hire new talent and strengthen our market presence.”

The aim of the Ulm-based startup is to develop further use cases to provide especially small and medium-sized companies with a path to automation. In addition to the existing investor High-Tech Gründerfonds (HTGF), the group of investors for the seed phase now consists of the start-up BW Seed Fund of the MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg GmbH, the investment companies of the Sparkasse Ulm and Biberach as well as the robotics solution provider AiCobot and combines the financing of Toolify with the prospect of facilitating and accelerating the integration of robotics in medium-sized manufacturing companies.

Read more at HTGF News

Antora Energy Raises $150 Million to Slash Industrial Emissions and Spur U.S. Manufacturing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Antora Energy, Decarbonization Partners, BlackRock, Temasek


Antora Energy, a leader in zero-emissions industrial heat and power, raised a $150 million Series B funding round led by Decarbonization Partners, a partnership between BlackRock and Temasek. This financing round will enable Antora to ramp production of its factory-made thermal batteries to deliver billions of dollars of zero-emissions energy to industrial customers. Emerson Collective, GS Futures, The Nature Conservancy, and a subsidiary of NextEra Energy Resources, LLC also participated in this round, alongside existing investors Trust Ventures, Lowercarbon Capital, Breakthrough Energy Ventures, BHP Ventures, Overture VC, and Grok Ventures.

Antora is unlocking zero-emissions industrial energy, cheaper than fossil fuels. Antora leverages renewable electricity to heat blocks of solid carbon—a low-cost, earth-abundant, and safe storage medium that’s used extensively across industries—to glowing hot temperatures in an insulated module. The stored heat is then reliably delivered at the scale and temperatures that large industrial operations demand. Additionally, Antora’s thermal battery can output electricity at breakthrough efficiencies using Antora’s thermophotovoltaic (TPV) technology, which converts the stored heat directly into electricity without the drawbacks of a conventional heat engine.

Read more at Business Wire

Norway’s deep tech firm sensiBel gets €7M from Sennheiser, others: Know more

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: sensiBel, Sennheiser, TRUMPF


Norway-based sensiBel, a deep-tech company developing next-generation MEMS microphones, announced that it has secured €7M led by Sennheiser. Existing investors, including TRUMPF Venture, Skagerak Capital, Investinor, SINTEF Venture, MP Pensjon, and Halden Kommunale Pensjonskasse, also participated in the round.

The company will use the funds to expand production and invest in scalability.

Led by Sverre Dale Moen, sensiBel has developed optical MEMS microphones that demonstrate a generational shift in sound quality despite their miniature size. sensiBel says its miniature microphones enable a new and improved experience in application areas such as consumer electronics, automotive, conferencing solutions, and medical devices.

Read more at Silicon Canals

German startup Cyclize secures €4.75M to defossilise the chemical industry using plastic waste

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cyclize, UVC Partners


Stuttgart, Germany-based Cyclize, a climate-tech startup, announced that it has secured €4.75M in a fresh funding round led by UVC Partners. Other investors, including High-Tech Gründerfonds (HTGF), Aurum Impact, and UnternehmerTUM Funding for Innovators, as well as high-profile business angels like Dr. Klaus Schäfer, former CTO of Covestro, who will also join Cyclize’s Advisory Board, participated in the funding round.

The German company will use the funds to expand its team and focus on scaling its technology for industrial use. They plan to test synthesis gas production and waste recycling with pilot customers. The company aims to commercialise and build a waste-to-synthesis gas plant in a chemical park.

Read more at Silicon Canals

Omnirobotic receives $500k investment

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Omnirobotic


Omnirobotic, a robotics automation company, announced that it has closed a financing of $500k to commercialize Autonomous Robotic Machines driven by Omnirobotic’s proprietary platform, AutonomyOS™. Strategic investors led the round with participation from Genik and Exelpro management and the company’s current employees. This funding will enable Omnirobotic to expand its Autonomous Robotic Machines product line-up to serve better Manufacturers struggling with labor shortages in High-Mix production environments.

Read more at Canadian Manufacturing

Synadia Raises $25 Million Series B Funding to Meet Massive Demand for Multi-cloud and Edge Computing Driven by AI

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Synadia, Forgepoint Capital


Synadia Communications, Inc., creators and maintainers of NATS.io (NATS), the open-source cloud and edge-native messaging system for high-performance data streaming, announced it has closed a $25 million Series B financing round. Led by Forgepoint Capital, the investment round includes participation from existing investors and new investors Singtel Innov8, LDVP and 5G Open Innovation Lab. Forgepoint Managing Director Ernie Bio will join Synadia’s board of directors.

The latest round of funding will enable Synadia to further accelerate the growth of NATS.io, the connective platform used by tens of thousands of companies daily to extend their digital services to the edge. For leading enterprises such as Rivian and Walmart to rapid growth startups like Replit and Personal.AI, NATS is becoming the defacto platform for delivering newly developed edge applications where data and micro-services needs to be accessed closer to the user whether for performance or to reduce escalating cloud costs. These new applications span areas such as AI/ML, real-time customer experience, immersive retail, and industrial IoT.

Read more at PR Newswire

Elve Secures $15M in Series A Funding to Increase Manufacturing and Expand Customer Base

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Elve, Lockheed Martin


Elve Inc., a leader in innovative millimeter wave amplifier technology, is pleased to announce the successful completion of its Series A round of $15M from a selected group of investors, including TomEnterprise Private AB, Green Sands Equity, Yu Galaxy, Cambium Capital, and Lockheed Martin Ventures.

Elve will use this funding to grow its customer base in the space connectivity market and to increase manufacturing capabilities. “Closing this funding round represents another significant milestone in our journey, and it will enable us to continue our mission of expanding access to fiber-like wireless connectivity,” said Dr. Diana Gamzina, CEO at Elve.

Read more at Business Wire

Buildstock Secures $1.6M in Pre-Seed Funding to Expand Construction Material Marketplace & Fintech Platform

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Buildstock


Buildstock, the B2B marketplace and fintech platform for construction materials, secures $1.6M in pre-seed funding from Precursor, MGV, XFactor, RefashionD and visionary angels, including Osuke Honda (DCM), Nihal Mehta (Eniac), Shruti Gandhi (Array Ventures), Tom Peterson (Rally Ventures), Yun-Fang Juan, and Mark G. The platform empowers builders and suppliers by streamlining sales and procurement, driving savings of money and time. This funding enables Buildstock to scale, expand third-party FinTech, AI and logistics integrations and bring more participants into the marketplace.

Late payments cost the $1.4 trillion construction materials industry over $208B in 2022, up 53% from 2021. Buildstock’s marketplace and Fintech solutions solve this by creating unprecedented procurement efficiency. With Buildstock, builders enjoy AI-driven product discovery, as well as substantial cost savings—as high as 40%—on materials and 5x faster lead times. Additionally, they get transparency into lead times and tracking information to plan around deliveries of supplies. Buildstock even offers a feature that takes blueprint files and uses AI to generate a list of needed supplies, further streamlining the procurement process.

Read more at PR Newswire

🇯🇵 Tsubame BHB procures 5.3 billion yen through Series C

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Tsubame BHB, Heraeus, Yokogawa


Tsubame BHB Co., Ltd., which strives for the social implementation and commercialization of small, distributed ammonia production plants, has announced that it has undertaken capital procurement on a total scale of approximately 5.3 billion yen in a Series C round of financing through third-party allocation of shares to both new and existing investors worldwide. In the second round of this Series C funding, capital procurement was undertaken with Heraeus Beteiligungsverwaltungsgesellschaft mbH as the first overseas investor receiving shares, and with Yokogawa Electric Corporation and Energy & Environment Investment, Inc. as new investors receiving shares in Japan.

The synthetic ammonia catalysts offered by Tsubame BHB, which are produced at low temperatures and low pressures using electride catalysts, can be manufactured at small ammonia production plants, and so can be produced and consumed locally. Transport and storage processes are reduced in comparison to current procurement methods involving high-volume production at petrochemical complexes, enabling a substantial reduction in CO2 emissions.

Read more at PR Newswire

Monumo emerges from stealth with £10.5M seed funding and advanced EV motor

📅 Date:

✍️ Author: Jason Matthews

🔖 Topics: Funding Event

🏢 Organizations: Monumo


Monumo, a deeptech company blending artificial intelligence (AI) with traditional engineering, has emerged from stealth with groundbreaking advancements in electric motor design. The company’s patented technology, based on simulation, optimisation, and prototype frameworks, has achieved a 50% reduction in torque ripple in SRMs. Monumo’s innovative approach signifies a breakthrough in motor efficiency, making it smoother and quieter, thus more appropriate for use in EVs.

Read more at TFN

Novity Secures $7.8 Million in New Funding to Revolutionize Predictive Maintenance with its TruPrognostics AI

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Novity, WERU Investment


Novity®, the provider of the TruPrognostics™ AI, a truly predictive maintenance AI for process industry clients, is pleased to announce the successful closure of $7.8 million in financing. The investment will accelerate Novity’s mission to transform how industries manage and optimize their maintenance operations. On the heels of Novity’s commercial traction, which includes Fortune 1000 (F1000) customers, the investment was led by WERU Investment in a global consortium of investors including Myriad Venture Partners and METAWATER, Co., Ltd.

After spinning its team and technology out of Xerox PARC in 2022, Novity is now serving a growing number of Fortune 1000 clients who recognize the transformative potential of truly predictive maintenance. The TruPrognostics AI has been instrumental in reducing unplanned downtime, maintenance costs, and operational disruptions across various industries, including manufacturing, oil and gas, and chemicals.

Read more at PR Newswire

RET Ventures Leads $7.5 Million Series A in Conservation Labs to Interpret Sound for Water Conservation and Machinery Maintenance

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Conservation Labs, RET Ventures


Conservation Labs, an artificial intelligence (AI) company that developed a groundbreaking platform that decodes audio data into actionable insights in the built environment to reduce carbon emissions and energy and water usage, announced that it has raised a $7.5-million Series A funding round. The round was led by RET Ventures’ Housing Impact Fund and included the participation of Sustain VC.

To further its mission, Conservation Labs employed its AI platform to develop Sustainable Machines™, a product suite that assesses the condition of machinery. By interpreting a machine’s sound profile, the product delivers operational insights and predictive maintenance recommendations, thereby reducing maintenance costs and extending the machinery’s life. With early adopters of Sustainable Machines™ generating an ROI over 100% through increased maintenance efficiency and improved uptime, the company has already sold nearly 10,000 sensors across the country.

Read more at Business Wire

Foundation Models for Materials Discovery: Our Investment in Orbital Materials

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Orbital Materials, Radical Ventures, Toyota


Fortunately, innovations in artificial intelligence have led to the emergence of foundation models, which are trained on vast amounts of data and leading to models that can be used across numerous applications. Those foundation models have the potential to enable inverse design, a method of material development that expedites the process by using the specific required properties as an input and generating the new material design as an output. This approach has the potential to revolutionize material development across industries, which is why we are excited to announce Toyota Ventures’ investment in Orbital Materials through our Frontier Fund.

The team has trained a 3D foundation model, named LINUS, for crystal structures and small molecules. Instead of screening millions of materials in hopes of finding one with a specific property, LINUS generates a material based on a given property in a single calculation. To do this, the team has developed a new version of the “transformer”, a model typically used for natural language processing, to allow the model to learn the relationships between the 3D structures of materials and their properties. Advanced materials that absorb and catalyze are crucial in various industries such as carbon capture, sustainable fuels, water treatments, biofeedstock upgrades, and battery recycling.

Read more at Toyota Ventures on Medium

DustPhotonics Raises $24M in Series B Follow-on Round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: DustPhotonics, Exor


DustPhotonics, a leading developer of silicon photonics technology for data center and AI applications, announced the completion of its Series B follow-on funding round, an oversubscribed round of $24M. The round was funded by a combination of prominent investors, including new and existing investors such as Sienna Venture Capital, Greenfield Partners, Atreides Management, and Exor Ventures.

The funds will be used to allow DustPhotonics to scale production of its industry leading Carmel-4 and Carmel-8 products, used for 400Gb/s and 800Gb/s applications and to accelerate development of its next generation products which will enable 1.6Tb/s applications.

Read more at PR Newswire

Ventiva Closes $10M Series C Investment Round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ventiva


Ventiva®, a leading company in active cooling solutions for electronic devices, announced the successful completion of its $10 million Series C funding round. The investment was obtained from a balanced mix of new money from multiple investment funds along with strong participation from existing investors.

Ventiva is gearing up to launch its latest generation groundbreaking Ionic Cooling Engine (ICE®), initially tailored for the laptop market. Following this, the company will expand its ICE® technology to a diverse range of applications, including AR/VR, television, portable gaming modules, and various cutting-edge electronics.

Read more at Business Wire

Niron Magnetics Secures Funding from Samsung Ventures, Allison Transmission and Magna to Accelerate Production of Rare Earth-Free Magnets

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Niron Magnetics, Samsung, Allison Transmission, Magna


Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, announced it has received $25 million in new strategic funding. This round was led by Samsung Ventures, which has the investment mandate to closely track the strategic priorities of leading consumer electronics manufacturer Samsung and encompasses investments in consumer electronics, semiconductors, telecommunications, and more. Allison Ventures, the venture capital arm of Allison Transmission, leading designer and manufacturer of vehicle propulsion solutions, was also part of this funding round, along with one of the world’s largest automotive suppliers, Magna. This investment will strengthen Niron’s ability to expand its production facilities and scale manufacturing capacity for exclusive customer programs and initial sales of the Clean Earth Magnet.

With this new funding, Niron will expand its pilot production facilities, enhancing its ability to serve diverse clientele and support customer prototyping programs. The company will also scale up manufacturing capacity to meet growing demand and accelerate research and development efforts to drive continuous improvement in performance and efficiency.

Read more at Business Wire

Altos Ventures invests $9.4 mn in Techtaka

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Techtaka, Altos Ventures


South Korea’s Altos Ventures announced that it has invested 12.6 billion won ($9.4 million) in the software-centric fulfillment company Techtaka. “With this investment, we can ensure fast delivery to customers by introducing robotic technology to provide efficient fulfillment services and establish a stable operating system,” Techtaka’s CEO Yang Soo-young said.

Read more at Korea Economic Daily

Ascend Elements Raises Additional $162 Million to Build Sustainable Lithium-Ion Battery Materials in United States

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ascend Elements


In a follow up to one of last year’s largest cleantech private equity placements, Ascend Elements announced it has raised $162 million in new equity investments. Major investors include Just Climate, Clearvision Ventures, and IRONGREY. The new equity financing brings the company’s 12-month funding total to $704 million, including the $542 million funding round led by Decarbonization Partners, Temasek and Qatar Investment Authority in September 2023.

The new funding will advance construction of Ascend Elements’ Apex 1 facility in Hopkinsville, Kentucky, which will be North America’s first sustainable cathode precursor (pCAM) manufacturing facility open in early 2025. When complete, the 1-million-square-foot facility will produce sustainable pCAM and CAM (cathode active materials) for up to 750,000 electric vehicles per year. The project is supported in part by U.S. Department of Energy and the Bipartisan Infrastructure Law (BIL).

Read more at PR Newswire

AtmosZero Closes $21 Million in Series A

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: AtmosZero, Engine Ventures, Constellation Energy


AtmosZero, the company on a mission to decarbonize steam, announced the close of a $21 million Series A round co-led by Engine Ventures and 2150 to accelerate the commercialization of its Boiler 2.0 technology. Constellation Technology Ventures, the strategic venture arm of Constellation Energy Corporation (Nasdaq: CEG), also joined the round along with existing backers, Energy Impact Partners, Starlight Ventures, and AENU.

Industrial steam, which is used across the built environment and industries from food and beverage to chemical manufacturing, is generated by burning fossil fuels onsite in boiler systems that account for nearly eight percent of global primary energy use. AtmosZero’s proprietary Boiler 2.0 technology extracts heat from the air and delivers high-temperature steam with maximum efficiency and zero carbon emissions, allowing companies to replace their existing natural gas and oil boilers quickly and cost-effectively.

Read more at AtmosZero Press

Applied Ventures Invests in VVDN Technologies

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: VVDN Technologies, Applied Materials


Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., announced a growth equity investment in VVDN Technologies, one of the leading India-based electronics product design, software, and manufacturing companies. The strategic growth funding from Applied Ventures can enable VVDN to expand the R&D of next-generation semiconductor technologies as well as electronic products and solutions.

Read more at PR Newswire

Point2 Tech Secures $23 Million Series B Boost from Bosch Ventures and Molex to Revolutionize Multi-Terabit Interconnect for AI and Automotive

📅 Date:

🔖 Topics: Funding Event

🏭 Vertical: Automotive

🏢 Organizations: Point2 Tech, Bosch, Molex


Point2 Technology, a leading provider of ultra-low-power, low-latency mixed-signal SoC solutions for multi-terabit interconnect, announced a $22.6 million Series B extension from Bosch Ventures, a leader in deep tech investments, and Molex, a global electronics leader and connectivity innovator, with participation from other investors. This Series B extension validates the demand for Point2’s technology in AI/ML data center applications and the potential to disrupt network interconnect in the broad automotive sector.

Point2 is also partnering with Molex, a strategic investor, to commercialize its E-Tube technology, a scalable interconnect platform that uses RF data transmission over plastic dielectric waveguide to enable multi-terabit active cables with 80% lower weight and 50% less bulk than copper cables. Compared to optical cables, E-Tube is expected to reduce power consumption and costs by 50%, with picosecond latencies that are three orders of magnitude better. Shattering the “copper or optics” paradigm for high-speed cable interconnect, E-Tube breaks the barriers of copper and optical cabling and is poised to become the next-generation multi-terabit interconnect technology.

Read more at PR Newswire

Sage Geosystems Raises $17 Million in Series A, Announces World’s First Commercial Geopressured Geothermal System (GGS) Facility

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Sage Geosystems, Chesapeake Energy


Sage Geosystems announced the first close of $17 million in Series A funding led by Chesapeake Energy Corporation and joined by technology investor Arch Meredith, Helium-3 Ventures and with continued support from existing investors Virya, LLC, Nabors Industries Ltd., and Ignis Energy Inc. The proceeds will fully fund the first of its kind 3MW commercial Geopressured Geothermal System (GGS) facility, which will be built in Texas.

The 3MW commercial facility, called EarthStore™, will use Sage Geosystems’ innovative technology that harvests energy from pressurized water stored deep underground. The facility will be able to store energy for short and long duration periods and can be paired with intermittent renewable energy sources, including wind and solar, to provide baseload, dispatchable power, and inertia to the electric grid.

Read more at Business Wire

Celadyne Secures $4.5 Million to Accelerate Industrial Decarbonization with Durable Fuel Cells

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Celadyne, Maniv, Dynamo Ventures, University of California


Celadyne, the decarbonization and hydrogen solution company, announced that they have raised $4.5M in seed investment funding. The round was co-led by Maniv and Dynamo Ventures, with major participation from EPS Ventures.

Specifically, Celadyne’s materials and technologies replace the proton exchange membrane to create fuel cells that are more durable, and electrolyzers that are more compact and efficient. This newfound durability allows fuel cells to be utilized as an environmentally-friendlier alternative to diesel engines, and makes electrolyzers that produce low cost green hydrogen as fuel.

Read more at PR Newswire

Amsterdam-based Monumental exits stealth mode with €23.2M funding; plans to automate on-site construction with robotics and software

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Monumental, Plural, Hummingbird


Monumental, a robotic startup that aims to solve labour, cost, and sustainability challenges in the global construction industry, announced on Thursday that it has emerged from two-and-half years of operating in stealth mode. The company also announced the raising of a $25M (approximately €23.2M) funding round co-led by Plural and Hummingbird. Other investors, including Northzone, Foundamental, and NP-Hard Ventures, participated in the round.

The Dutch company will use the funds to grow its team of hardware and software engineers, scale the number of robots it can deploy on sites across Europe, and increase the types of blocks and construction tasks the robots can manage.

Read more at Silicon Canals

Fever Raises €10m from General Catalyst to Expand Its Platform for Virtual Power Plants

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Fever Energy, General Catalyst


Fever, the Swedish powertech company building an API-centric platform for virtual power plants, raised €10m in a seed funding round led by General Catalyst, with participation from previous investors, including La Famiglia and Norrsken VC. The funding will accelerate Fever’s expansion plans, deepen product development, and expand collaborations across Europe.

Fever’s innovative API-centric platform further empowers energy asset installers and operators, including leading utility companies, EV fleets, and Battery Energy Storage Operators, to run and monetize their own virtual power plants by unlocking the full potential of market participation, capacity modelling, orchestration, reporting and settlements.

Read more at Fever Energy Blog

Kairos Aerospace, Rebranding as Insight M, Raises $52 Million in Series D Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Kairos Aerospace, Insight M, BlackRock


Kairos Aerospace, the leader in high-frequency aerial methane detection for the energy industry, announced the initial closing of its Series D funding at $52 million. The round was led by funds and accounts managed by BlackRock, with participation from Hartree Partners, as well as existing investors DCVC, Climate Investment (an investment firm backed by 12 of the largest oil and gas companies in the world), and Energy Innovation Capital. Kairos will be rebranding as Insight M to better align with its go-forward vision, a change that will officially launch later in Q1.

There is a growing demand in the oil and gas industry for Insight M’s emission solutions, which not only deliver profits to operators but also provide them with proof of environmental stewardship. Insight M uses its proprietary technology to capture methane emissions data on the assets of their customers along with the entire given oil and gas basin.

Read more at Newswire

Hippo Harvest Announces $21 Million Series B Funding Led by Standard Investments to Scale Next-Generation Greenhouse Platform

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Hippo Harvest, Standard Investments


Hippo Harvest, a controlled environment agriculture (CEA) startup developing advanced greenhouse systems that produce sustainably-grown produce, announced the close of its $21M Series B funding round led by Standard Investments. Congruent Ventures, Amazon’s Climate Pledge Fund, Hawthorne Food Ventures, and Energy Impact Partners also participated in the round. The funding will be used to scale the company’s greenhouse operations and to expand its product offerings into new categories of leafy greens.

Founded in 2019, Hippo Harvest operates a first-of-its-kind repurposed greenhouse facility in Pescadero, CA that out-competes traditional greenhouses in scalability and unit economics and is comparable to traditional outdoor-grown produce prices. The company utilizes a closed-loop, non-recirculating, direct-to-root fertilizer system, machine learning and autonomous mobile robots to calculate and efficiently distribute water, fertilizer, light, and heating on a micro-climate basis throughout its greenhouses. The result is significantly more cost and resource efficient production of fresh produce. Consumers and retailers enjoy the superior quality, consistency, and food safety of Hippo greens at competitive prices.

Read more at PR Newswire

CORE Industrial Partners Announces Closing of Two New Funds Totaling $887 Million

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: CORE Industrial Partners


CORE Industrial Partners (CORE), a manufacturing, industrial technology, and industrial services-focused private equity firm, is pleased to announce the closing of $887 million in capital commitments between its $685 million flagship fund, CORE Industrial Partners Fund III, L.P. (Fund III) and $202 million in its new offering, CORE Industrial Services Fund I, L.P. (Services Fund I) with both funds exceeding their targets. In the past five years, CORE has raised more than $1.58 billion of total limited partner commitments dedicated to investing in the industrial sector.

Fund III will continue CORE’s existing flagship strategy of acquiring manufacturing and industrial technology businesses that CORE believes can benefit from its deep investment and operating experience to accelerate growth and create long-term value for investors, business owners and management teams.

CORE’s newest fund strategy, Industrial Services Fund I, brings a more concentrated focus to the highly fragmented industrial services sector that CORE believes is experiencing strong growth due to reshoring and proliferation of advanced technologies with the adoption of Industry 4.0 applications in North America.

Read more at CORE IP News

London-based Didimi raises €880k pre-seed to bring interoperability to the construction industry

📅 Date:

✍️ Author: Stefano De Marzo

🔖 Topics: Funding Event

🏢 Organizations: Didimi, Creator Fund, University of Cambridge


Didimi, a digital twins and information management platform for the construction industry, announced that it has raised €880k in a pre-seed investment. The round is led by the leading deep tech VC the Creator Fund. The fresh capital will serve to expand its B2B product offering into the construction information management sector.

Founded in 2023 as a spin-off from the University of Cambridge, Didimi is a London-based startup that is building a new platform to transform information exchange and management in the construction industry.

Read more at EU-Startups

Quilter raises $10 million for AI-powered circuit board design, led by Benchmark

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Quilter, Benchmark


Quilter announced it raised $10 million, saying it would use artificial intelligence to reduce the time to design components that power electronics in rockets, computers, smartphones and other devices. The $10 million Series A round was led by one of Silicon Valley’s most storied venture capital firms, Benchmark.

Read more at Reuters

Aegir Insights raises €8.5M in Series A funding to build the next generation of its software and data to accelerate offshore wind investments

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Aegir Insights


Aegir Insights, a leading provider of decision-making software, data, and intelligence for the offshore wind sector, has raised €8.5M in Series A funding, led by Seaya Andromeda with the participation of Climentum Capital. The company will use the funds to develop the next generation of its web platform, encompassing decision software, data, and intelligence products for the offshore wind industry.

Aegir Insights’ solutions play a crucial role in making data-driven decisions, optimizing development, and reducing costs, thereby accelerating investment in the sector. This is critical in the current environment of cost volatility to ensure optimal capital allocation and project economics. Aegir Insights’ existing client base includes leading developers such as BP, Equinor, and JERA, and it is expanding further into governmental and financial services segments.

Read more at Aegir Insights

Skylo Technologies Raises $37 Million From Intel Capital, Innovation Endeavors, BMW i Ventures, Samsung Catalyst, Next47 & Seraphim Space

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Skylo Technologies, Intel, Innovation Endeavors


Skylo Technologies, the leading direct-to-device satellite connectivity service provider, today announces that it has secured $37 million in funding co-led by Intel Capital and Innovation Endeavors. New investors include BMW i Ventures, Next47, Samsung Catalyst Fund, and Seraphim Space. David Johnson of Intel Capital joins the board, bringing a wealth of experience and insight to fortify Skylo’s leadership team.

This new investment expands Skylo’s scale and business operations to better support smartphones, wearables, IoT devices, and mobile network operator customers. This is a major step in Skylo’s commitment to making standards based non-terrestrial networks (NTN) more accessible and efficient for numerous sectors, including consumer, automotive, agriculture, energy, transportation, and beyond.

Read more at Skylo Newsroom

Cambridge Mechatronics secures over $40m investment to further develop its revolutionary smartphone imaging technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cambridge Mechatronics, Atlantic Bridge, Intel, Sony


Cambridge Mechatronics Limited (CML), the world leader in the design and control of Shape Memory Alloy (SMA) actuators, announces the closing of a funding round totalling over $40m to enable rapid expansion of its actuator and controller IC product portfolios. The oversubscribed funding round was led by Atlantic Bridge. Intel Capital and Supernova acted as co-leads with further participation from Sony Innovation Fund.

Smartphone innovation is dominated by camera technology, fuelled by the growth of social media and video sharing platforms. CML is primarily focused on developing disruptive solutions for improving smartphone imaging, including SMA actuators and controller ICs. SMA actuators generate a high force-to-mass ratio, performing precision movements of camera components to achieve autofocus (AF) and optical image stabilisation (OIS), in a more compact and lightweight design. Compared to incumbent voice coil motor technology, SMA is free of electromagnetic interference. CML’s new SMA Variable Aperture provides continuous aperture control in a form-factor significantly smaller than the industry standard. The patented Zero Hold Power technology holds components such as the aperture in place during image capture whilst consuming no power.

Read more at Cambridge Mechatronics

French firm ACC bags €4.4B to construct three gigafactories for lithium-ion battery cell production

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Automotive Cells Company


Bruges-based ACC (Automotive Cells Company), a high-tech company operating in the world of battery technology for electric vehicles, announced on Monday, February 12, that it has secured €4.4B debt raising. The company will use the funds to construct three gigafactories for lithium-ion battery cell production in France, Germany, and Italy, as well as, for R&D. The debt package will be used to finance these projects and is fully endorsed by a consortium of commercial banks, including BNP Paribas, Deutsche Bank, ING, Intesa Sanpaolo, and supported by Bpifrance, Euler Hermes, and SACE.

Read more at Silicon Canals

CTC Global Receives Strategic Investment from Endeavour Capital and Greenbelt Capital Partners

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: CTC Global, Endeavour Capital, Greenbelt Capital Partners


Endeavour Capital (“Endeavour”) and Greenbelt Capital Partners (“Greenbelt”) (collectively, the “Investors”) are pleased to announce the close of a strategic investment in CTC Global Corporation (“CTC” or the “Company”). Based in Irvine, CA, CTC specializes in engineering and manufacturing advanced conductor cores for high-voltage transmission cables. The Company’s cutting-edge ACCC® Conductors have been successfully installed in over 1,250 projects across 60 countries by more than 250 utilities. The Company’s CEO, J.D. Sitton, will continue to lead the business through its next phase of growth.

Read more at Business Wire

Lilac Solutions Announces $145 Million Series C to Scale Lithium Supply for the Electric Vehicle Era

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Lilac Solutions, Mercuria, Lowercarbon Capital, Breakthrough Energy Ventures


Lilac Solutions, a leader in lithium extraction technology, announced the close of its Series C with $145 million of proceeds. This bring Lilac’s total capital raised to $315 million. The financing was led by Mercuria, Lowercarbon Capital, and Breakthrough Energy Ventures, with participation from all major shareholders including T. Rowe Price Association, Inc., Engine Ventures, Aventurine, Presidio Ventures (a Sumitomo Corporation Group Company), and BMW i Ventures amongst others, and Lilac welcomes Mitsubishi Corporation and The Nature Conservancy as new investors. The new capital will be used to support Lilac’s ambitious growth plans as the Company ramps up manufacturing capacity of its propriety ion-exchange (IX) material and commercial deployment at projects around the world.

Read more at Lilac Solutions Blog

Amsterdam’s renewable chemistry firm Avantium secures €70M to launch FDCA plant in the Netherlands

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Avantium


Amsterdam-based Avantium, a company specialising in sustainable chemistry technologies, has raised €70M through a capital increase, comprising a €50.5M fully underwritten rights offering and a €19.5M institutional upsize offering.

Founded in 2000 by Claude Stoufs, Avantium is a pioneering company focused on renewable polymer materials, using proprietary technologies like YXY to convert plant-based sugars into FDCA (furandicarboxylic acid), a key component for sustainable plastic PEF (polyethylene furanoate). PEF, being 100 per cent plant-based and recyclable, finds applications in various products such as polyesters, polyamides, polyurethanes, coating resins, plasticisers, and other chemical products.

Read more at Silicon Canals

Sensos: $20 Million Raised To Fruther Develop Proactive Supply Chain Management Solutions

📅 Date:

✍️ Author: Amit Chowdhry

🔖 Topics: Funding Event

🏢 Organizations: Sensos


Sensos (a Sony Semiconductor Israel spin-off) announced it has successfully closed its Series A funding round to develop a proactive supply chain management solution further. This funding round was led by Mitsui-backed Magenta Venture Partners, joined by JAL Ventures, with the participation of Israel Cargo Logistics and Sumitomo.

Sensos is already partnering with top-tier brands like Bayer, DB Schenker, and others, providing valuable insights for various industries and use cases such as cold chain life-science products, consumer electronics, mission-critical shipments, and high-value goods.

Read more at Pulse 2