Funding Event

Assembly Line

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

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

Aizon Secures $20M in Series C Funding Led by NewVale Capital to Enhance Pharma Manufacturing Outcomes

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Aizon, NewVale Capital


Aizon, an Artificial Intelligence (AI) SaaS provider that transforms pharmaceutical manufacturing operations, today announced that it has closed $20 million in Series C funding led by NewVale Capital, a growth equity fund that invests in proven, revenue-generating service businesses in pharmaceuticals and biotechnology. Existing investors Atlantic Bridge, Crosslink Capital, and Uncork Capital also participated in the round. This infusion of capital, combined with the continued support of key investment partners, will enable Aizon to significantly scale, accelerate its development pipeline, and better serve its customers.

Aizon leverages advanced predictive analytics, artificial intelligence, and other smart factory technologies to provide the most powerful and accessible GMP AI platform for pharmaceutical manufacturers. With Aizon, customers unlock next-generation insights and enhanced decision-making capabilities and can discover new optimisation paths, reduce costs, predict deviations, and enhance their manufacturing systems. Aizon prioritises rigorous quality and compliance and follows GAMP5 for GMP processes to ensure compliant data acquisition, storage, and consumption.

Read more at Business Wire

Daedalus raises €19.4M to build world’s most advanced factories

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Daedalus, NGP Capital


Daedalus, a technology company building the world’s most advanced factories using AI, announced that it has secured $21M (approximately €19.4M) in a Series A round of funding.

The funding round was led by NGP Capital, with further participation from its existing investors, including Addition and Khosla Ventures. The German company will use the funds to develop its proprietary Manufacturing AI Platform and scale its production facilities in Germany.

The company uses its proprietary Manufacturing AI Platform to automate the entire manufacturing process, from quoting to delivery, for high-precision and high-mix parts. Daedalus’ production facilities utilise software to control and holistically optimise shop floor operations. Additionally, AI automates manual tasks involved in production.

Read more at Silicon Canals

Investors bolster Jua’s AI physics model for nature

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Jua


Using tens of millions of data points to provide precise forecasts, Jua from Freienbach (Canton Schwyz) developed the first end-to-end deep learning model, a “Large Physics Model” for nature, that can predict the weather accurately, precisely, and quickly than traditional solutions. The AI weather forecasting model offers unprecedented speed in predicting weather changes, allowing users, particularly in the energy sector, to develop global, high-frequency and high-accuracy weather models within days.

Jua has grown to 22 people who work at its offices in Zurich, Berlin and Cape Town. This growth and approach to weather prediction impressed several investors, securing fresh funding of $16 million. Among the participants in the round are 468 Capital, Green Generation Fund, Promus Ventures, Kadmos Capital Ltd, session.vc, Notion Capital. An Innosuisse grant complements the equity investment, providing the startup with sufficient funds to accelerate research and development efforts and to continue enhancing the model and make it available to customers in Q1 2024.

Read more at Startup Ticker

First Bite emerges from stealth to help food manufacturers navigate ‘antiquated’ foodservice channel

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: First Bite, Leadout Capital, Pathbreaker Ventures, Impossible Foods


First Bite—a startup led by ex-Impossible Foods executive Reed McCord—has emerged from stealth after raising a $2 million round led by Bread & Butter Ventures to expand a data platform helping food manufacturers maximize foodservice sales. The round, supported by Leadout Capital and Pathbreaker Ventures, will help McCord and his team address a problem he identified early on at Impossible Foods: a lack of data and transparency in the foodservice channel.

A software as a service (SaaS) platform, First Bite uses online menus, reviews, social media data, location data, demographic data, contact data, and other publicly available information to provide market data on every restaurant location in the country; it is now expanding coverage to retail and non-commercial segments such as schools and hospitals.

Read more at AgFunderNews

Myrspoven Secured EUR 5.4 Million Investment

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Myrspoven, 4impact capital, Vantaa Energy, AMAVI Capital


Myrspoven, a leading AI software company operating within building optimization, running +3,500,000 square meters across 8 countries and saves on average 20% of a building’s energy, announced today the successful completion of a EUR 5.4 million equity funding round. The investment was led by prominent investors 4impact capital, Vantaa Energy, and existing investor AMAVI Capital.

This capital infusion strategically propels Myrspoven to expand its solutions across Europe and beyond, in line with their channel partner strategy. The company’s dedication to sustainability and transforming buildings into dynamic players in the modern energy system aligns perfectly with the vision of the investors, fostering a partnership aimed at driving innovation and creating lasting value in real estate. With a track record of delivering energy and cost savings, an impressive tech stack, and a future-proof platform, Myrspoven has gained investor confidence for its potential to lead and disrupt the real estate sector.

Read more at Myrspoven Press

Thea Energy Announces $20 Million Series A Financing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Thea Energy, Prelude Ventures


Thea Energy Inc., a fusion energy company advancing stellarator technology for commercialization, today announced the closing of a $20 million Series A financing. Prelude Ventures led the round with participation from other investors including 11.2 Capital, Anglo American, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, and Starlight Ventures.

Proceeds from the financing will support the construction and operation of the Company’s proprietary superconducting planar coil magnet array systems, the design and simulation of Eos, Thea Energy’s large-scale integrated neutron source stellarator system, and continued team growth.

Read more at Globe Newswire

ATMOS on Track to Assemble its Space Cargo Return Capsule Prototype to fly into Space with an additional €1.3M in Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ATMOS


ATMOS Space Cargo (ATMOS), a pioneering NewSpace startup, has raised an additional €1.3M after successfully closing its initial €4M seed funding round in June 2023. OTB Ventures, a leading European SpaceTech investor, is joining renowned SpaceTech investors High-Tech Gründerfonds, the Amadeus APEX Technology Fund (which also increased their initial investment in this extension), Seraphim, E2MC, VENTIS, and another.vc. ATMOS is on track to assemble the first prototype of its Phoenix return capsule for a demonstration mission to LEO.

The additional funding is strengthening ATMOS’ current participation in ESA’s Commercial Cargo Initiative tender. Assuring the space agency’s financial requirements are met while accelerating the time to market for ATMOS’ Phoenix space capsule to fly into LEO and return a microgravity experiment for its first demonstration mission

Read more at HTG News

ZEDEDA Secures $72M in Growth Capital to Meet the Skyrocketing Demand for Edge AI and Computing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ZEDEDA, Smith Point Capital


ZEDEDA, the leader in edge management and orchestration, announced the closing of $72 million in growth capital, with the Series C round led by Smith Point Capital, founded by former Salesforce Co-CEO Keith Block. The latest funding enables ZEDEDA to further expand sales and marketing activities and accelerate research and development to meet the rising demand for edge computing.

Read more at Business Wire

Trinity Capital Inc. Provides $20 Million Equipment Financing to Formlogic

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Formlogic, Trinity Capital


Trinity Capital, leading provider of diversified financial solutions to growth-stage companies, announced the commitment of $20 million in equipment financing to Formlogic, a provider of autonomous precision manufacturing services intended for space companies. Formlogic has factories located in Pittsburgh spanning over 50,000 square feet. This growth capital will enable the company to acquire new CNC machines and continue to scale operations.

Formlogic is changing how precision parts are sourced and manufactured by separating engineering from physical labor. Through a combination of remote AI-based planning and autonomous production, the company has created software that performs the simulations needed to produce effectively, replacing the guess-and-check method usually done by a skilled worker.

Read more at PR Newswire

Newcastle startup SQCDP secures £200,000 investment for manufacturing performance improvement

📅 Date:

✍️ Author: Dan Taylor

🔖 Topics: Funding Event

🏢 Organizations: SQCDP, Q Ventures


SQCDP, a Newcastle-based startup focusing on the improvement of manufacturing performance, has announced that it has secured £200,000 from London’s Q Ventures as part of a larger, still open and ongoing funding raise.

Offering a viable alternative to the costly and hardware-centric solutions prevalent in the market, SQCDP streamlines the process of collecting factory floor data, and provides access via mobile devices, tablets, and desktops, essentially rendering spreadsheets, forms, and whiteboards obsolete.

Read more at Tech EU

Bollegraaf and Greyparrot Forge Strategic AI Partnership to Transform Global Waste Management Industry

📅 Date:

🔖 Topics: Funding Event, Partnership

🏢 Organizations: Greyparrot, Bollegraaf


Bollegraaf, the world’s largest builder of recycling plants, has entered into a strategic partnership with Greyparrot, a pioneer in AI waste analytics, to transform global waste management. As part of the agreement, Bollegraaf will transfer its AI vision business to Greyparrot and also make a cash investment, for a total value of $12.8M, in Greyparrot, obtaining a non-controlling stake in the company. It will also serve as a worldwide distributor and strategic partner for Greyparrot’s Analyzer, which currently provides 100% visibility into waste streams at recycling plants across 14 countries using AI camera systems.

The deal includes Greyparrot acquiring Bollegraaf’s vision-based computing intellectual property (IP) and esteemed AI development team. Greyparrot will also open its first office in mainland Europe in the Netherlands.

With this groundbreaking partnership, both companies aim to retrofit thousands of existing Materials Recovery Facilities (MRFs) and Plastics Recovery Facilities (PRFs) with advanced AI capabilities to significantly boost recycling rates and quantify material emissions. The collaboration will bring forth revolutionary smart recycling plants that are fully automated and agile, unlocking new value in waste streams while diverting millions of tonnes of waste away from landfills, oceans, and incinerators. In a development set to transform waste management, this marks a momentous acceleration in the global shift from a linear to a circular economy. Together, Greyparrot and Bollegraaf commit to developing further products that combine the strengths of both companies to make the vision of fully automated and intelligent sorting facilities a reality.

Read more at Business Wire

German green chemistry startup DUDE CHEM closes €6.5M Seed round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: DUDE CHEM, Vorwerk Ventures, b2venture


Berlin-based DUDE CHEM, a green chemical manufacturing company, announced that it has closed a €6.5M seed round. The investment was co-led by Vorwerk Ventures and b2venture. The round also saw participation from investors, including Frontline, Borski Fund, Auxxo, and Push Ventures.

The funding will support DUDE CHEM’s mission to lead the transition in the chemical and pharmaceutical sectors towards sustainable, cost-efficient, and locally oriented production. The funds will also fuel the expansion of the company’s scientific team and enable the reintroduction of a flagship product, ensuring a secure supply chain for one of Europe’s leading generic drug producers.

Read more at Silicon Canals

Torus Robotics secures USD 470,000 seed investment from T.N. Infrastructure Fund Management Corporation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Torus Robotics


Torus Robotics Pvt Ltd, a deep tech startup founded in Chennai, and specialising in indigenous powertrain technology for the electric vehicle automotive market, defence, aviation and consumer markets, has raised a seed investment of USD 470,000 led by the Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), under the T.N. Emerging Sector Seed Fund (TNESSF).

The funding round also saw participation from Forge Innovation & Ventures, Coimbatore, and SINE (Society for Innovation & Entrepreneurship) at the Indian Institute of Technology Bombay.

The startup said that the funding will be utilised to scale up its research and development operations. Besides, the company also aims to use the funds to finance other critical aspects of the business, including innovation and growth.

Read more at The Hindu

TDK Ventures invests in Singapore-based startup Amperesand to empower global electrification through solid state transformers

📅 Date:

🔖 Topics: Funding Event

🏭 Vertical: Electrical Equipment

🏢 Organizations: Amperesand, TDK, Nanyang Technological University of Singapore


TDK Corporation (TSE: 6762) announced that subsidiary TDK Ventures Inc. is investing in Amperesand and their grid infrastructure solutions powered by innovative solid-state transformer (SST) technology to deliver megawatt-scale DC charging solutions for the EV revolution. Spun out of the Nanyang Technological University of Singapore (NTU) and backed by a world-class team with decades of industry experience in power systems, Amperesand delivers critical improvements to EV charging infrastructure hardware that will support rapidly expanding electrification across fleets, consumer vehicles, ports, and beyond.

Transformers are pivotal in the power distribution infrastructure, essential for global electrification, and particularly critical in the EV sector to ensure the correct form of power is delivered at the right location. With growing demands for electrification, the predominantly alternative current (AC) grid faces challenges such as greatly increased direct current (DC) loads, aging infrastructure, transformer shortages, and increased project costs (due to labor, materials, permitting, etc.). Such issues represent an urgent technical challenge to continued progress as grid infrastructure must keep pace with rapid growth in electricity demand from EV fast charging in the near term, and industry and homes in the long term. Amperesand’s technology is a game-changer, addressing critical pain points in the electrification landscape. Their containerized SSTs directly connect to the distribution grid with a customizable mixed AC/DC output, bidirectional power flow, very small footprint, enhanced flexibility, and improved reliability, revolutionizing how high-capacity DC loads, such as EV charging stations, connect to the grid. This technology not only meets the current demands but is also adaptable to the future needs of a highly variable and distributed grid, setting a new standard in the field of power distribution.

Read more at TDK Ventures

Milan-based Voidless raises €2.2 million to confront the overpackaging problem with “box on demand” solution

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Voidless, CDP Venture Capital


Voidless, an Italian deeptech startup that has focused its activity on solving the overpackaging problem, announced the closing of a seed round of €2.2 million led by CDP Venture Capital – through the Corporate Partners I Fund – Industry Tech sector – and the Italian-French Venture Capital company 360 Capital. The two investors participated in the transaction by investing €1.1 million each.

This round – which follows the €600,000 pre-seed in July 2022 by 360 Capital – represents an important step for Voidless’ growth and will allow the startup to grow in the market with its next-generation “box on demand” machinery, designed to create boxes and packaging tailored to each type of shipment with extreme precision directly in warehouses. offering an effective and concrete solution to the problem of overpackaging. In addition, the capital injection will also support the consolidation of the Voidless team.

Read more at EU Startups

SQCDP Unlocks Funding to Modernise Factories: A £200k Step Towards Manufacturing Innovation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: SQCDP, QVentures


SQCDP, a Newcastle-based SaaS startup, has successfully raised £200k to increase manufacturing efficiencies and support workforce engagement by removing problem paper systems in factories. The £200k funding is part of a wider pre-seed funding round which is still being raised. The funding round was led by London-based QVentures and several angel investors joined the round. Proudly based in the North-East of England, SQCDP is also a recent recipient of an Ignite Accelerator grant.

SQCDP is a high-value and easy-to-implement application to replace the paper and spreadsheet-based systems currently used by many manufacturers, and an alternative to the high capital, hardware-intensive solutions otherwise available in the market. The app can be accessed from mobiles, tablets and desktops, and is a simple interface used to collect factory floor data and eliminates the use of spreadsheets, forms and whiteboards.

Read more at QVentures on Medium

Emerald investment to boost Sea Machines’ autonomous shipping solutions

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Sea Machine, Emerald Technology Ventures, Chevron


Cleantech venture capital pioneer Emerald Technology Ventures has invested into Sea Machines, a developer of autonomous shipping solutions, control systems and advanced perception technology for maritime vessels. This USD 12 million funding round, which was joined by Nabtesco Technology Ventures (NTV), Chevron Technology Ventures, RKKVC, Level 2 Ventures, and IMC Ventures, will help Sea Machines hone its technological edge and grow its market presence.

Boston-based Sea Machines Robotics is a global leader in autonomous piloting systems. These systems are meant to help sea vessels navigate and operate with greater efficiency, productivity, and capability. Its proprietary technology allows onboard computers to maintain precise control of vessel position, steering, and speed during a voyage. It can also reroute as needed to avoid traffic and obstacles, and use streaming data to improve operations. The startup also develops solutions for computer vision, remote command and control, and advanced data collection along shipping routes, among other applications.

Read more at Emerald VC

Volta Insite Secures Seed Funding to Propel InsiteAI™ - a Revolutionary Tool for Real-Time Electrical Intelligence & Predictive Maintenance

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Volta Insite


Volta Insite announces the successful completion of its seed round funding, raising $7M to accelerate the development of InsiteAI™. This is the most advanced tool available to monitor vital electrical assets with a goal to eliminate costly downtime.

The tool empowers users by continuously monitoring electrical assets, collecting electrical data and offering predictive analytics. Volta Insite specializes in techniques that focus on the physical correlation of data. Capable of covering multiple components and cross-checking events that occur simultaneously on different pieces of equipment, InsiteAI™ can isolate and identify issues quickly and accurately to determine if problems exist beyond interconnected assets.

Read more at PR Newswire

ActionStreamer Raises Series A Funding To Accelerate Platform Development

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ActionStreamer, JumpStart Ventures


ActionStreamer, the market-leading media streaming platform for IoT devices announced today the close of its $2.4M Series A funding round, led by JumpStart Ventures through the Advanced Manufacturing Fund, managed with support from MAGNET. The Castellini Management Company, owners of the Cincinnati Reds, also co-invested in the round.

With the successful completion of Series A financing, ActionStreamer is poised to strategically deploy capital to accelerate the development of its patented comprehensive technology platform. The platform encompasses a robust API and SDK offering, reference hardware and applications, coupled with advanced cloud services. The platform enhancements will further advance ActionStreamer’s mission to unlock pioneering data streaming capabilities and media solutions that serve diverse enterprise markets, including the sports and entertainment, aerospace, and industrial sectors, as well as remote surveillance and monitoring.

Read more at PR Newswire

Power grids instrumentation specialist Synaptec raises £6.5M to fund expansion plans

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Synaptec, Megger Group


Synaptec Ltd, a leading innovator in monitoring and protection solutions for power network operators, has raised over £6.5M in funding to support its rapid expansion, including development of new manufacturing facilities in Scotland.

Established in 2014, Synaptec was the original developer of the Distributed Electrical Sensing (DES) fibre-optic instrumentation platform that enables voltage and current to be measured cost-effectively throughout power networks. Synaptec’s technology now underpins a range of monitoring and protection products deployed across the power grids, renewables, and industrial sectors.

Renowned test and measurement experts Megger Group were a significant investor in the round, with existing shareholders Proserv, and Equity Gap also participating. Synaptec also enjoys the ongoing support of existing investors the University of Strathclyde, Scottish Enterprise and Foresight who remain key shareholders.

Read more at Synpatec News

AZUL Energy Raised ¥475 Million ($3.2 Million) in Series A Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: AZUL Energy, Spiral Capital


AZUL Energy, a clean chemistry startup that develops catalysts for next-generation energy systems, announced that it has raised ¥475 million in Series A funding. The company has developed a high-performance catalyst that offers the same performance as rare metal catalysts (such as platinum) but without the high costs or significant resource constraints. They intend to implement it in various applications to promote a decarbonized and recycling-oriented society.

This new round of funding was led by Spiral Capital, Inc., with participation from TOHOKU University Venture Partners Co., Ltd., JMTC Capital LLC, Mitsubishi UFJ Capital Co., Ltd., Governance Partners Inc., and existing investor Spurcle Inc., totaling six companies in a third-party allotment of new shares.

Read more at Business Wire

Oslo-based OTee bags €1.25 million to be a driving force in the disruption of industrial automation

📅 Date:

✍️ Author: Stefano De Marzo

🔖 Topics: Funding Event

🏢 Organizations: OTee, RunwayFBU, Superangel, ABB


Oslo-based deep tech startup OTee has successfully closed an investment round of €1.25 million marking the largest first funding round out of Antler Norway. The investment was led by Norwegian venture capital fund RunwayFBU and Estonian fund Superangel.

Founded in 2022, OTee provides an industrial-grade engineering platform for designing, deploying, and managing virtual control systems based on open architecture and standards. At its core, the OTee platform is a potential game-changer enabling cheaper, faster, more sustainable, and secure industrial control systems for millions of automation engineers worldwide. OTee’s CEO and Co-founder, Henrik Pedersen, with 11 years of experience at ABB, firmly believes that a disruption of the Industrial automation (OT) domain is at our doorstep.

OTee’s applications range across almost all industries, showcasing the company’s limitless market potential. Focused on virtual Programmable Logic Controllers (vPLCs), OTee distinguishes itself by offering a SaaS platform built on a cybersecurity zero-trust architecture, that decouples the software and the hardware. This is making it possible to modernize an old control system with no physical intervention and remove the vendor lock-in.

Read more at EU-Startups

Nauticus Robotics Raises $12M in Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Nauticus Robotics


Nauticus Robotics (NASDAQ: KITT), a leading developer of subsea robots and software, announces securing over $12M net today, part of a second tranche of investment. The new investment will expedite certification of Nauticus’ flagship robot, the Aquanaut, which facilitates the transformation of tethered ROV operations to fully autonomous operations. It is expected to perform numerous tasks in water depths ranging from 200 - 2000+ meters during February in preparation for an inaugural job inspecting a deep-water production facility of a major oil and gas company in the Gulf of Mexico.

Read more at PR Newswire

O'Shaughnessy Ventures Invests in Furno Materials

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Furno Materials, O'Shaughnessy Ventures


O’Shaughnessy Ventures LLC (“OSV”), a family office that invests in ambitious seed and pre-seed startups, announced that it has invested in Furno Materials Inc. (“Furno”). Founded in 2020 by Gurinder Nagra, Furno is building modular cement plants that are more carbon-efficient, cheaper to build, and less space-intensive than traditional plants.

Cement is the second most-consumed commodity in the world (behind water), and it produces 8% of global carbon dioxide emissions. Traditional cement plans are large and must be custom-built. Furno’s modular cement plants burn natural gas instead of coal. This means they release less carbon dioxide than traditional cement plants and can be heated and cooled more efficiently. Furno’s plants are designed to fit inside a shipping container, meaning they are portable and take up minimal space, which is ideal for building in developing markets.

Read more at PR Newswire

Supernova to Drive New VLM 3D Printing Technology, A Strategic Spin-Off by BCN3D

📅 Date:

🔖 Topics: Funding Event, Partnership, Viscous Lithography Manufacturing

🏢 Organizations: Supernova, BCN3D


VLM, or Viscous Lithography Manufacturing, is a completely different 3D printing process that doesn’t use a vat of resin, as most resin processes do. Instead VLM uses a transparent film to carry a single layer of resin to the build chamber. This process repeats to build entire objects. The advantage is that VLM can produce objects using vastly thicker resins, hence the “viscous” in the process name. They say the resins can be up to 100X more viscous than typical 3D print resins.

The benefit comes from the ability to infuse different additives into the resin that could not be used by non-viscous processes. This has opened up a very wide range of possible materials, which BCN3D could exploit in the future. VLM sounds very promising, yet it is utterly different from their traditional FFF process. The process is different, the materials are very different, the applications are different, and therefore the customers will be different. Because of this divergence from the FFF trajectory, BCN3D has decided to spin off their VLM business into an entirely new and separate entity, Supernova.

Read more at Fabbaloo

Peripass to equip 1000 sites with yard management software by 2030, following €7.5M funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Peripass, Welvaartfonds


Belgian logistics SaaS scale-up Peripass announced it has secured €7.5 million in funding to accelerate its global expansion. Welvaartfonds led the financing round, which builds on previous investments from the Van Overstraeten Group. With the capital raised, Peripass will focus on building a global partner network and strengthening its existing commercial teams in France, the UK, and Germany.

By digitally streamlining trailer movements, Peripass successfully reduces driver waiting times by up to 70 percent.

Read more at Tech EU

InMotion Ventures’ first investment in Energy Source: $1.2M funding for lithium battery sustainability

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Energy Source, InMotion Ventures, Jaguar Land Rover


Energy Source has caught attention overseas and has raised $1.2 million from InMotion Ventures, the investment arm of JLR (Jaguar Land Rover). This signifies InMotion Ventures’ inaugural venture into the Brazilian market.

Energy Source intends to use the fresh funds to capitalise on the growth of the country’s burgeoning startup ecosystem and broaden its focus beyond the UK and the US. It will use the capital to accelerate growth and expand operations, enabling it to continue catering to global clients in the future, such as JLR, from their 4,500 m2 industrial plant in São João da Boa Vista.

Read more at Tech Funding News

Munich-based BOX ID raises €3.5M in pre-Series A round led by KPN Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: BOX ID, KPN Ventures


Munich-based BOX ID, a logistics software provider, announced that it has secured €3.5M in a fresh round of funding to expand its IoT-based supply chain visibility offerings. The investment was led by KPN Ventures, and also saw participation from existing seed investors HTGF, Bayern Kapital, and Wille Finance, along with business angels from the BayStartUP Network. The capital will support the enhancement of BOX ID’s SaaS platform, already used by industry leaders in Europe and the Asia Pacific region.

Read more at Silicon Canals

Lockheed Martin Ventures Makes Strategic Investment in Meteomatics

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Meteomatics, Lockheed Martin


Meteomatics, the weather intelligence and technology company that enables the world’s leading companies to accurately forecast the weather’s impact on business, today announced the close of a strategic funding round from Lockheed Martin Ventures, the venture arm of Lockheed Martin Corporation (NYSE: LMT), a global security and aerospace company.

Meteomatics will use the investment to scale its high-resolution weather and climate technology and expand into new markets and industries, further propelling its mission to revolutionize weather forecasting.

Meteomatics is the only company that runs a weather model with a resolution of 1 km, or down to street level, updating every hour with the latest weather data and observations. Visibility at this level allows the company to identify even the smallest meteorological phenomena such as thunder, hail, wind and other storms. This is in contrast with current government and commercial weather observation technology that run at resolutions of 10-50 km and are updated only 3-4 times a day, lacking the data to effectively detect and forecast weather events in the low-level airspace.

Read more at Meteomatics News

Tire-changing startup RoboTire files for Chapter 7 bankruptcy

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: RoboTire


RoboTire, a robotics startup developing an automated tire-changing system for mechanics, has filed for Chapter 7 bankruptcy. RoboTire was founded in 2018, was based in Plymouth, Michigan, and won an RBR50 Robotics Innovation Award in 2023.

RoboTire filed for Chapter 7 bankruptcy in the Court of Delaware on January 19, 2024. According to the filing, RoboTire has $12.7 million in liabilities and $12.3 million in assets. There are 78 unsecured creditors in the case, most of which are based in Michigan. In December 2023, RoboTire was sued by American Funding Services, which claimed the robotics startup owed it more than $130,000.

Read more at Robot Report

Aquaconnect Secures $4 Million In Pre-Series B Funding Round Led By S2G Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Aquaconnect, S2G Ventures


Chennai-based start-up Aquaconnect has raised a $4 million (Rs 33 Crore) Pre-Series B funding round led by S2G Ventures.

The Aquaconnect is a full-stake platform embedded with embedded fintech that leverages satellite remote sensing and artificial intelligence to improve the efficiency of stakeholders in the fish farming industry.

Aquaconnect will utilise the new capital to continue scaling its operations and enhance its coverage of the major aquaculture production states in India.

Read more at Startup Outlook India

Heart Aerospace raises $107 million in Series B funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Heart Aerospace, Sagitta Ventures


The new round brings the total financing raised by Heart Aerospace since its inception to $145 million. Among new investors is Sagitta Ventures, a Danish investor focused on early-stage companies. Other investors include Air Canada, Breakthrough Energy Ventures, European Innovation Council Fund, EQT Ventures, Lowercarbon Capital, Norrsken VC, United Airlines, and Y Combinator.

Heart Aerospace intends to use the funds to further build its business and make progress toward type certification of the company’s first hybrid-electric airplane, the ES-30. The ES-30 is a regional airplane with a seating capacity of 30 passengers that offers lower emissions, lower noise pollution and lower operating costs on short haul routes than current conventionally fueled airplanes.

Read more at Heart Aerospace Newsroom

Innerspace secures € 5.7 Million for Further Expansion to the USA

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Innerspace, Matterwave Ventures


The Innsbruck-based tech start-up Innerspace, which enables risk assessment of production processes and effective training of cleanroom personnel for leading pharmaceutical companies using software and Virtual Reality (VR), can advance its growth trajectory after a highly successful funding round. In July, U.S. investor Riverside invested in the Tyrolean company. Just days before the year-end, Innerspace finalized a substantial seed round with the new lead investor Matterwave Ventures. The existing three investors, MAD Ventures, aws Gründungsfonds, and High-Tech Gründerfonds, also reinvested.

With the fresh capital, Innerspace will expand its international market presence and further develop its unique “Frame-by-Frame” technology. The Tyrolean company will focus even more on the large growth market in America in the future. Numerous renowned pharmaceutical companies worldwide already trust the company’s expertise.

Read more at HTGF News

Senvol to Bring Machine Learning to 3D Printing Process Qualification

📅 Date:

✍️ Author: Joris Peels

🔖 Topics: Funding Event

🏢 Organizations: Senvol, America Makes


When Senvol first emerged, the company concentrated on the meticulous task of establishing materials databases. Subsequently, the firm offered API access to its data. The US Army enlisted Senvol to investigate metal 3D printing repeatability, and following this, the company launched machine learning software. Since these developments, Senvol has successfully integrated itself into numerous large-scale supply chains. Now, the company has secured a contract from America Makes and the U.S. Air Force to employ machine learning for powder bed fusion qualification for Ti-6Al-4V grade 5.

Read more at 3DPrint.com

Xampla raises US$17.6 from cleantech investors to drive down bio-based coatings costs

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Xampla, CIECH Ventures, University of Cambridge


Xampla has raised a total of US$17.6 million in funding to advance the production of its plant-based materials, following a recent financing round including new investors, including clean tech backers CIECH Ventures, part of an international developing chemical group employing over 3,000 people.

The money will be strategically allocated to expanding the applications of Xampla’s consumer brand, Morro, into new markets. Developed by 15 years of research at the University of Cambridge, UK, Morro materials are fully biodegradable, home compostable and food safe, offering high strength, grease and oxygen barrier properties.

Read more at Packaging Insights

COLIPI Receives EUR 1.8 Million Seed Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: COLIPI, HTGF, Technical University of Hamburg


The conclusion of the Seed funding round marks a significant success for the Hamburg-based deep-tech startup COLIPI GmbH as it embarks on the year 2024. Investors include the High-Tech Gründerfonds (HTGF), the Innovationsstarter Fonds Hamburg (IFH), Nidobirds Ventures GmbH, and Stefan De Loecker. With this, COLIPI moves a significant step closer to its vision of “Fermenting Renewable Carbon For Generational Life Quality”.

The start-up founded in 2022, a spin-off from the Technical University of Hamburg, supported by the EXIST Research Transfer Program (German Federal Ministry of Economic Affairs and Climate Action) and the InnoRampUp Program (IFB Innovationsstarter GmbH), is revolutionizing the way oil is produced. COLIPI is, in a sense, a brewery for oils. Carbon is sourced or filtered from the air rather than pumped from the ground. CO2-containing industrial emissions and organic by-products, for example, from the agricultural industry, are converted by microorganisms through fermentations into valuable biomaterials like Climate Oil. The oil is more sustainable than crude oil and palm oil, considering the CO2 footprint and its impact on biodiversity. It is enabled by a patented bioprocess, a combination of a specially designed gas fermentation bioreactor and the world’s fastest CO2-consuming bacteria. Industrial partners offering products such as cosmetics based on Climate Oil will be able to significantly reduce their corporate CO2 footprint. The founders, Philipp Arbeiter, Tyll Utesch, Jonas Heuer, and Maximilian Webers, aim to produce many millions of tons of Climate Oil annually by 2039, avoiding multiples of that amount in CO2 emissions. This will be an active contribution to climate protection and, consequently, humanity’s well-being. The recently completed Seed financing is another milestone for the young company. The capital will be utilized to expand the team, test the market with products manufactured by partners, and scale the technology.

Read more at COLIPI News

Inari Accelerates Proven SEEDesign™ Platform for Nature-Positive Agriculture with $103 Million Fundraise

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Inari, Hanwha Impact


Inari announced the completion of a $103 million fundraise, bringing its cumulative equity raised to more than $575 million. The successful investment round signals confidence in Inari’s ability to develop and commercialize higher-yielding seeds that require fewer resources, using AI-powered predictive design and multiplex gene editing.

The fundraise received strong support from existing investors, including Hanwha Impact, Canada Pension Plan Investment Board (CPP Investments), Rivas Capital, NGS Super, State of Michigan Retirement System and company founder Flagship Pioneering. The company also welcomed several new investors including RCM Private Markets fund, advised by Rokos Capital Management (US) LP.

Read more at PR Newswire

Boston Metal Secures $20M in Series C2 Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Boston Metal, Marunouchi Innovation Partners


Boston Metal, a global metals technology solutions company, today announced a $20 million Series C2 investment from Tokyo-based Marunouchi Innovation Partners. The new funding brings the series total to $282 million.

With this new capital, Boston Metal expands its presence in Asia, a market accounting for more than 70% of the world’s steel production. Additionally, the funding will accelerate the company’s path to commercialization and support its ongoing growth by attracting and retaining top industry talent.

Boston Metal’s Molten Oxide Electrolysis (MOE) technology is a direct, one-step process that can produce high-quality steel from abundant medium- and low-grade iron ores. This flexibility is unique and positions MOE to meet the growing demand for environmentally sustainable steel in various industries. As a platform technology, MOE also allows for the extraction of high-value metals from previously unusable low-concentration materials, like mining waste.

Read more at Business Wire

Tau Group Closes €11 Million Extension to Series-B Round to Fuel Growth and Enhance Production Capacity

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Tau Group, CDP Venture Capital, Santander


Tau Group, a leading technology company driving energy transition and decarbonization efforts, is establishing a new global standard in electric motor insulated wire. Tau has successfully closed a €11 million extension to its Series-B funding round. CDP Venture Capital and Santander Alternative Investments (through Santander InnoEnergy Climate Fund) took the lead in this round, with continued support from existing investors. This strategic funding aligns with Tau’s concurrent expansion of production capacity in a new facility, geared towards fulfilling long-term supply agreements recently inked with automotive industry partners.

Read more at PR Newswire

SEMRON secures €7.3M Seed funding for industry-first 3D AI semiconductor chips

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: SEMRON, Join Capital


German semiconductor tech company SEMRON announced it has secured €7.3 million in seed funding. Join Capital, led the current funding round, which saw participation from new investors SquareOne, OTB Ventures, and Hermann Hauser (Onsight Ventures).

SEMRON crafts powerful energy-efficient computer chips designed to enhance AI performance in compact smart devices. The company’s innovative approach utilises a three-dimensional space in chip design, allowing for unprecedented improvements in efficiency.

SEMRON has achieved a significant breakthrough in developing the world’s most energy-efficient semiconductor technology for AI inference. This proprietary technology, named CapRAM™, employs a novel semiconductor device architecture that calculates using a variable capacitor (‘memcapacitor’) instead of relying on currents like resistive approaches and transistors.

Read more at Tech EU

Lyten Secures $4 Million U.S. Department of Energy Grant to Accelerate Commercialization of High-Capacity, Long Cycle-Life Lithium-Sulfur Batteries

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Lyten


Lyten, Inc., a supermaterial applications company and leader in 3D Graphene materials, announced today it has secured a $4 million grant from the U.S. Department of Energy (DoE) to accelerate the manufacturing of its advanced lithium-sulfur battery technology.

The grant, awarded by the DoE’s Energy Efficiency and Renewable Energy / Vehicle Technologies Office, specifically targets lithium-sulfur technologies that can alleviate offshore supply chain risk for EV batteries and increase EV driving range. Utilizing abundantly available and low-cost sulfur, the lithium-sulfur chemistry has the potential to deliver greater than twice the energy density of lithium-ion NMC (nickel, manganese, cobalt) chemistries. Additionally, the chemistry does not require critical minerals such as nickel and cobalt in the cathode or graphite in the anode, enabling a locally sourced, locally manufactured EV battery.

The DoE grant awards for lithium-sulfur follow the passage of National Defense Authorization Act, signed into law last month with bi-partisan support, which will prohibit the U.S. Defense Department from buying batteries produced by China’s largest manufacturers starting in October 2027. This ban reinforces the urgency to accelerate the development and rapid scale up of rechargeable cells with alternative battery chemistries, like lithium-sulfur, that offer localized supply chains for strategic defense applications and high energy density to support mobility and transportation electrification.

Read more at Business Wire

Elementum 3D to lead America Makes-funded material property datasets program for metal 3D printing

📅 Date:

✍️ Author: Sam Davies

🔖 Topics: Funding Event

🏢 Organizations: Elementum 3D, America Makes


Elementum 3D has been awarded 2,875,000 USD by America Makes to generate material property datasets with high statistical power for ‘industrially relevant’ aluminium and nickel alloys.

The project hopes to accelerate the adoption of additive manufacturing in the aerospace, automotive, defence and energy sectors by providing engineers with greater confidence. By developing material property datasets, Elementum 3D and its various partners are confident engineers will be able to apply materials for critical applications with an extremely low tolerance for failure.

Read more at TCT Magazine

VoxelSensors completes its Seed Round with an Additional €3 Million, Totaling €9.5 Million for XR and Mobile Spatial and Empathic Computing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: VoxelSensors, SFPIM Relaunch


VoxelSensors, a leading Belgian semiconductor deep tech start-up, closes its Seed Round with a €3 million in tail investment led by a new investor SFPIM Relaunch with participation from existing investors Qbic Fund and finance&invest.brussels. The funding is an extension of the company’s €5.5 million Seed Round of May 2023, led by Capricorn Digital Growth Fund and Qbic Fund, which now totals €9.5 million.

The investment will boost VoxelSensors’ international growth, technology advancement, and customer engagement for its low-power, low-latency Spatial and Empathic Computing solution for mobile and XR devices. VoxelSensors will also use the funds to prepare for the Series A round to support the company’s ambitions.

Read more at VoxelSensors News

Transmutex SA, a Geneva-based company, raises over CHF 20 million in an extension of its Series A to further develop and commercialize its subcritical nuclear energy system

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Transmutex, Union Square Ventures, Steel Atlas


Transmutex SA, a nuclear engineering company based in Geneva, Switzerland, announces a new round of financing to further develop its solution for a safer, lower-cost, proliferation-resistant nuclear energy technology. The Series A2 round is co-led by Union Square Ventures and Steel Atlas.

Founded on 29 July 2019, Transmutex is reinventing nuclear energy with the design of a safer, non-self-sustaining reaction technology that will usher in a new era of lower-cost and proliferation-resistant, carbon-free baseload energy. Coupling a particle accelerator to a non-self-sustaining (subcritical) fuel assembly has several key benefits over self-sustaining nuclear energy solutions.

Read more at PR Newswire

Packmatic's dgital one-stop shop for packaging supplies raises €15M

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Packmatic, EQT Ventures


Berlin-based digital packaging marketplace Packmatic raised €15 million Series A round. Packmatic has built a fully digital one-stop shop, connecting businesses to the largest supplier network in Europe, a vast network of over 300 packaging suppliers across Europe in just a few clicks, and opening the door to an extensive range of lower plastic and lower carbon alternatives at the right price.

EQT Ventures led the funding with participation from HV Capital, xDeck, and several high-profile angel investors.

Read more at Tech EU

Ares Management Launches Automated Industrial Robotics Inc.

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Automated Industrial Robotics, Ares Management, TA Systems, Modular Automation


Ares Management Corporation (NYSE: ARES) announced the launch of Automated Industrial Robotics Inc., a newly formed industrial automation company designed to capitalize on increasing global demand for manufacturing automation solutions. An Ares Private Equity fund has invested substantial equity capital to support AIR’s acquisition and organic growth strategy.

AIR is focused on acquiring and facilitating the growth of differentiated industrial automation companies serving diverse end markets with strong operational histories and tenured management teams. Grounded in a culture of safety, transparency and pursuit of excellent customer experience, AIR seeks to leverage complementary teams and technologies to deliver innovative, cost-competitive solutions to address the complex and challenging needs of global businesses. AIR will seek to grow through strategic investments in the technologies of the future, in pursuit of delivering excellence in automation.

In connection with the launch of AIR, the Company has acquired two foundational companies, Totally Automated Systems (“TA Systems”) and Modular Automation (“Modular”). Based in Detroit, Michigan, TA Systems has a more than 45-year history of designing and manufacturing fully integrated and stand-alone assembly machines for automotive, home appliances and other sectors. Based in Shannon, Ireland, Modular has been operating for nearly 40 years and is a leading automation solutions provider in the medical technology industry. These two companies bring a strong cultural and technological alignment as well as deep industry vertical knowledge and experience.

Read more at Business Wire

GreenSpark Announces $9.4 Million in New Funding To Expand Its Modern Operating System for the Metal Recycling Industry

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: GreenSpark, Zero Infinity Partners, Third Prime


GreenSpark Software, a modern software platform for the metal recycling industry, announced it has raised $9.4 million in new funding, bringing GreenSpark’s total financing to ~$19 million. The investment was led by Zero Infinity Partners and Third Prime with participation from Bienville Capital and select strategic individuals. This round of fundraising positions GreenSpark to expand its product suite and employee base while continuing to help metal recyclers optimize their operations and drive profitability.

Read more at Business Wire

Germany’s Infinite Roots secures the largest investment in mycelium tech in Europe; raises €53.2M

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Infinite Roots, Haribo


Hamburg-based Infinite Roots, a biotech company using fermentation and fungi to create the next generation of sustainable foods, announced that it has secured $58M (nearly €53.25M) in a Series B round of funding. This round for Infinite Roots represents the largest investment in mycelium technologies in Europe.

The oversubscribed investment was led by Dr Hans Riegel Holding (HRH), one of the two holding companies of Haribo, and supported by the EIC Fund, an initiative of the European Commission. REWE Group and Betagro Ventures also participated in the round.

Read more at Silicon Canals

Sion Power Raises $75 Million to Commercialize Its Proprietary Licerion Technology for Electric Vehicles

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Sion Power, LG


Sion Power Corporation, a leading technology developer of next-generation batteries for electric vehicles (EV), announces that it has secured $75 million in Series A funding. The round was led by leading global battery manufacturer LG Energy Solution (the investment to be executed through LG Technology Ventures and Bricks Capital Management) and repeat participation from mathematician Jim Simons’ Euclidean Capital. The company also secured new investment from former Google CEO, Eric Schmidt’s Hillspire LLC.

Sion Power is the developer of LicerionTM technology. This technology uses compression in a lithium metal battery to enhance safety, lifetime and recharging rates. It is the Sion Power belief that any lithium metal system will require compression to have a viable energy storage system. The company has developed very robust intellectual property around this concept. LicerionTM has been successfully demonstrated in large energy capacity battery cells (up to 20Ah) and it is currently in development to reach 56Ah.

With this new capital, Sion Power will achieve technical and market validation of its technology. The company plans to build a fully automated manufacturing line to produce high quality large format lithium-metal cells for testing and market development by automotive OEMs and cell manufacturers.

Read more at Business Wire

Taqtile Adds Leading Dual-Use VC Firm, Scout Ventures, to Its Investor Roster

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Taqtile, Scout Ventures


Taqtile, Inc., maker of Manifest®, the leading spatially-enabled work-instruction platform serving the industrial and defense sectors announces the addition of Scout Ventures as an investor. Taqtile will also add Scout Founder and Managing Partner, Brad Harrison, as a Board Observer. Scheduled to close in early 2024, this new financing will support strategic initiatives, including ramping up essential marketing programs, expanding support and sales staff, and bolstering engineering and development efforts.

Read more at Business Wire

CheckSammy secures $45M Strategic Investment to Expand Waste Diversion from Landfills

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: CheckSammy, I Squared Capital


CheckSammy, the world’s largest bulk waste and sustainability operator, announced a $45 million strategic investment that will enhance the company’s ability to deliver transparent, measurable waste diversion and carbon reduction benefits to companies.

The growth equity round is led by I Squared Capital, with Zero Infinity Partners participating. In addition, CheckSammy has entered into a growth capital and revolving credit facility with TriplePoint Capital, LLC. This is Zero Infinity Partners’ second investment in CheckSammy, reaffirming their belief in the company’s mission and commercial success. Ross Berger from I Squared Capital and John Kwaak from Zero Infinity Partners will join CheckSammy’s Board of Directors as part of the funding agreement.

CheckSammy provides on-demand, same-day bulk waste removal and bespoke sustainability services, with revenue growing 40x since first commercializing in 2020. The company operates a two-sided marketplace, connecting independent waste haulers and service providers with enterprise customers. The marketplace model enables seamless national contracting and best-in-class service coverage across North America, at a highly competitive price point, delivering meaningful value to end customers. The funding will allow the first-of-its-kind circular waste management service provider to improve its ability to help companies achieve and verify their waste diversion goals.

Read more at PR Newswire

Chipmetrics Secures € 2.4 Million Seed Funding Round to Accelerate Product Innovation and Global Expansion

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Chipmetrics, HTGF, OCCIDENT


Chipmetrics Ltd, the Atomic Layer Deposition (ALD) technology company and a pioneer in 3D ultra-high aspect ratio test elements for metrology of semiconductor and advanced thin film material manufacturing, proudly announces the successful closure of a €2.4 million investment round. The international investor syndicate was led by High-Tech Gründerfonds (HTGF) and co-led by OCCIDENT from Germany. Other investors were Innovestor, REDSTONE and BALD Engineering. This substantial investment serves as a testament to Chipmetrics’ groundbreaking advancements in the PillarHall® metrology test chip technology, positioning the company as a frontrunner in conformality measurements in material deposition processes. The funds raised will be instrumental in accelerating Chipmetric’s product development efforts, scaling production capabilities, and expanding its market presence with the already existing international customer base.

Read more at Chipmetrics

Stuttgart-based Instagrid bags €87 million Series C to expand clean portable power to the North American market

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Instagrid


One of Europe’s leading providers of high-performance portable battery systems, Instagrid, announced a Series C funding round of €87 million. The round was led by Teachers’ Venture Growth (TVG), with participation from Morgan Stanley Investment Management’s (MSIM) 1GT climate private equity strategy. Existing investors Energy Impact Partners, SET Ventures, blueworld.group, and Hightech Gründerfonds, as well as the chair of the advisory board, Pierre-Pascal Urbon, also contributed to the round.

Instagrid’s flagship Instagrid ONE is lightweight and mobile enough to be used in the most remote locations and powerful enough to match the performance of the grid, making it possible to use electricity from renewable sources in any location. On a single charge, the Instagrid ONE portable battery is powerful enough to run welding equipment for an entire day’s work, pump over 55,000 litres of water with a large submersible pump or cut through hundreds of metres of concrete with heavy duty equipment, as well as a host of other commercial applications.

Instagrid is building on their proven technology to offer a full range of mobile battery solutions. Their upcoming large-scale system will power entire film sets or construction sites at a fraction of the size and emissions of comparable systems. Instagrid products boast zero exhaust emissions, as well as up to 97% lower carbon footprints and 82% lower lifetime costs compared to generators.

Read more at EU-Startups

Wayland Additive raises £4.2M to boost global expansion in metal 3D printing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Wayland Additive, Parkwalk Advisors, University of Sheffield


UK additive manufacturing company Wayland Additive announced a £4.2 million fundraise to enable continued growth of global customers. A Huddersfield-based company, Wayland designs, develops, makes and sells industrial Calibur3 metal additive manufacturing machines, utilising cutting-edge electron beam 3D printing technology. It has successfully rolled out its technology to various buyers across different sectors, including aerospace, mining, engineering, medical, motorsport and military and defence, with operations across North America and Europe. This latest fundraising will allow Wayland to continue to expand its growing global customer base.

Read more at Tech EU

Cnergreen Secures $2M Investment from Rhapsody Venture Partners

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cnergreen, Rhapsody Venture Partners, University of Calgary


Cnergreen, a Calgary-based startup manufacturing stable foams for CO2 injection in enhanced oil recovery (EOR), has secured a $2M Seed funding round led by Rhapsody Venture Partners, a US-based venture capital firm that specializes in hard-tech investments.

Cnergreen’s patent-pending ArmorFoamTM technology, developed at the University of Calgary, enables underground foams to remain stable for months at high pressures, temperatures, and salinities. The first application is improving CO2 enhanced oil recovery (CO2 EOR) in the oil and gas industry. For years, oilfield operators have seen an opportunity to use CO2 injection as a way to enhance oil recovery in active wells, while also permanently sequestering CO2 in geologic reservoirs. Because of the large volumes of CO2 required, CO2-EOR provides a near-term pathway for scaled carbon sequestration, while lowering the carbon footprint of produced oil.

Read more at PRWeb

Albedo Raises $35M to Commercialize Very Low Earth Orbit (VLEO)

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🔖 Topics: Funding Event

🏢 Organizations: Albedo, Standard Investments


Albedo, the first company to offer aerial quality imagery from space - enabled by the new orbit frontier of VLEO (very low earth orbit) - today announced a $35M Series A-1 financing round led by Standard Investments, bringing the company’s total funding to $97M. Participation in the round included new investors Booz Allen Ventures, Cubit Capital, and Bill Perkins, along with existing investors Breakthrough Energy Ventures, Shield Capital, Initialized Capital, Y Combinator, Giant Step Capital, Republic Capital, and other undisclosed participants. In addition, Ben Sampson, Managing Director of Standard Investments, will join the Albedo Board of Directors.

“The Series A-1 funding will be used to launch Albedo’s first operational satellite and accelerate constellation deployment — ultimately proving out and proliferating the world’s first high-res VLEO platform,” said Topher Haddad, CEO of Albedo.

Read more at Business Wire

Neatleaf Secures $4m in Funding Led by AgFunder to Fulfill the Demand for AI-Driven Cultivation Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Neatleaf, AgFunder


Neatleaf™, a first-of-its-kind cultivation management platform that uses data, AI, and robotics to help the cultivation industry manage their crops and improve their yields, has secured $4 million led by AgFunder, one of the world’s most active foodtech and agtech investors.

The company’s flagship product, the Neatleaf Spyder, is a fully autonomous robotic platform that scans indoor cultivation crops generating millions of data points on plant health and growth metrics. This data is analyzed and turned into actionable insights for the cultivation team to assess, monitor, and remedy.

Read more at PR Newswire

XGS Energy Secures $9.7M in New Financing Led by Constellation Technology Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: XGS Energy, Constellation Technology Ventures


XGS Energy, an innovator in next-generation geothermal energy technology, announced that it has raised an additional $9.7 million. The round was led by Constellation Technology Ventures, with BlueScopeX and Thin Line Capital, as well as individual inside investors. This new financing will accelerate XGS’ North American prototype demonstrating its proprietary Thermal Reach Enhancement™ (TRE) geothermal technology at full commercial scale.

XGS’ upcoming prototype will demonstrate the commercial readiness and scalability of its TRE technology and further validate its proprietary predictive performance models. The prototype builds on the successful completion of more than 24 months of lab testing and is a key milestone for XGS’ first commercial projects in the Western United States, Japan, and the Philippines.

Read more at Business Wire

Concrete4Change raises £2.5M for CO2 capturing technology in concrete

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Concrete4Change, Zacua Ventures, Counteract


Concrete4Change(C4C), an advanced materials company that permanently captures and utilises CO2 by mineralising it in concrete, has raised £2.5 million in seed funding. C4C’s carrier material captures CO2, and the loaded material is mixed in fresh concrete as an additive. The CO2 in the concrete undergoes a chemical reaction and is permanently mineralised. The result is concrete that is not only 20 percent stronger but becomes a CO2 sink that prevents any leak, even after the demolition of the concrete.

The round was led by Zacua Ventures and Counteract, a carbon removals focused venture fund, with participation from the family office of Goldbeck. This brings the total investment raised to date to £4.5 million, including £1.5 million in grant funding.

Read more at Tech EU

Danish EV charger software provider Monta raises $87mln

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Monta, Energize Capital


Danish firm Monta, which develops software solutions for the electric vehicle charging industry, said that it has raised 80 million euros ($87 million) to increase research and development spending and expand its partner network.

The Series B funding round was led by software investor Energize Capital and investment management firm GreenPoint Partners. The Copenhagen-based company has now raised a total of 130 million euros since its founding in 2020.

Monta runs apps and operations for networks for EV charging systems that are used by hardware manufacturers, charging network operators, businesses and EV drivers using a single integrated software solution.

Read more at PR Newswire

Bluewhite Raises $39M to Bring Sustainable Autonomous Innovation to Farms Worldwide

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Bluewhite, Insight Partners


Bluewhite, the agricultural Robot-as-a-Service (RaaS) company enabling data-driven autonomous farming, announced that it secured $39M in Series C financing led by Insight Partners, with participation from new investors Alumni Ventures and LIP Ventures, among others. Existing investors Entrée Capital, Jesselson, and Peregrine Ventures also participated in the financing round. The company, which already works with more than 20 of the leading permanent crop growers in the US, will use the funds to further scale its agricultural autonomous tractor and farming solutions, and expand into new markets worldwide based on its successful track record.

Bluewhite combines hardware and software into a single solution, allowing for completely remote fleet and data management. The company’s Pathfinder product is retrofitted onto any tractor and leverages computer vision, AI, and smart implements integration to navigate and execute multiple tasks autonomously, from crop seeding and spraying to mowing and harvesting, even in challenging conditions. Compass, the software-as-a-service (SaaS) component of Bluewhite’s solution, collects data from the field, analyzes it using advanced AI algorithms, and provides real-time dashboards, reports and insights, ensuring maximum efficiency across farm operations on any device.

Read more at PR Newswire

Syensqo invests in Bioeutectics, a start-up producing green solvents

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Bioeutectics, Syensqo, Fen Ventures, Atento Capital


Syensqo Ventures, the group’s venture capital fund, participated in the $2.1 million financing round for Bioeutectics, alongside Fen Ventures, Atento Capital and SOSV (IndieBio). Founded in 2019, Bioeutectics provides natural and high-performance solvents that make industrial products and processes more sustainable. This new investment strengthens the existing partnership between Syensqo Ventures and the Genesis Consortium, supporting startups in the SOSV’s IndieBio startup development program, the top early stage biotech incubator.

Syensqo, through its Renewable Materials and Biotechnology growth platform, is driven by a strong commitment to develop more sustainable solutions in the food, agro, industrial and biopharma sectors.

Read more at Syensqo Press

H2 Green Steel raises more than €4 billion in debt financing for the world's first large-scale green steel plant

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: H2 Green Steel


H2 Green Steel signs definitive debt financing agreements for €4.2 billion in project financing and increases the previously announced equity raised by €300 million. Total equity funding to date amounts to €2.1 billion. The company has also been awarded a €250 million grant from the EU Innovation Fund. H2 Green Steel has now secured funding of close to €6.5 billion for the world’s first large-scale green steel plant in Northern Sweden.

H2 Green Steel has also raised close to €300 million more from investors, bringing the equity in the project to a total of €2.1 billion. New shareholders include Microsoft Climate Innovation Fund, Mubea and Siemens Financial Services. Additionally, IMAS Foundation and Just Climate are some of the existing shareholders which are increasing their investments in H2 Green Steel.

Read more at PR Newswire

Cargado Secures US$3 Million Pre-Seed For Cross-Border Logistics

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cargado


Emerging logistics company Cargado successfully secured a US$3 million in a pre-seed funding round from several investors, including Ironspring Ventures, Wischoff Ventures, Zenda Capital, Proeza Ventures, Sahil Bloom, Craig Fuller, and other notable angel investors. The infusion of capital supports Cargado’s mission of streamlining cross-border logistics, creating a seamless and efficient experience.

The company has a team of logistics and technology experts with an unwavering commitment to simplifying cross-border logistics, Matt Silver, Co-Founder and CEO, Cargado, writes on LinkedIn. However, Cargado does not intend to establish a brokerage or disrupt existing cross-border supply chains; rather, it focuses on connecting all players in the logistics process to elevate the overall experience.

Read more at Mexico Business News

Captura raises US$21.5M, with investments from Maersk Growth, Eni Next and EDP

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Captura. Future Planet Capture, Maersk


Captura announced it expanded its Series A funding round to raise an additional US$21.5 million to commercialize its Direct Ocean Capture (DOC) technology that harnesses the power of the ocean to absorb carbon dioxide (CO2) from the atmosphere.

Maersk Growth, Eni Next, and EDP Ventures came aboard as new investors in the round, bringing expertise across shipping and logistics, energy, and utilities to Captura’s team. Many of Captura’s existing backers also re-invested, including Future Planet Capital who led the expanded round, Equinor Ventures, Freeflow Ventures, Hitachi Ventures, Aramco Ventures, mTerra Ventures, and EIC Rose Rock Venture Fund.

Read more at Captura News

International Battery Company raises USD 35 Mn to revolutionize EV adoption in India

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: International Battery Company, RTP Global


International Battery Company (IBC), a product and technology company that specializes in the creation of eco-friendly, large-sized rechargeable Prismatic Li-ion NMC batteries, is announcing it has raised USD 35 Million. This includes a Pre-Series A round, led by RTP Global, and contributions from a broader investment base, which includes Beenext, Veda VC, and other strategic Korean and US Investors. The investment marks an important moment in IBC’s journey to revolutionize the global EV landscape.

IBC is channeling this investment into a 50MWh capacity ramp manufacturing plant and has developed United Nations 38.3 and BIS-certified, ready-for-delivery battery cells for the Indian market, reflecting the growing needs of India’s EV and energy storage sectors. These batteries will meet the region’s distinctive requirements, such as the need to operate safely in high temperatures, support fast charging capability, and offer an extended lifecycle, with a 7–10-year warranty. Furthermore, its highly eco-friendly products use components that are fully recyclable and reusable, supporting India’s push towards a greener future and closed-loop manufacturing, where materials are repurposed and reused, minimizing waste and reducing environmental impact.

Read more at PR Newswire

3DEO Secures Strategic Investment

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: 3DEO, Development Bank of Japan, Epson


3DEO, a Los Angeles-based leader in design, engineering and metal additive manufacturing (AM), today announced a significant investment from the Development Bank of Japan Inc. (DBJ) and Seiko Epson Corporation (EPSON). This partnership marks a pivotal step in 3DEO’s expansion and underscores the confidence in its proprietary end-to-end 3D printing technology. The investment will propel 3DEO’s growth strategies in North America and Japan, expanding opportunities for partnership in the semiconductor, aerospace, medical devices and equipment, and industrial sectors.

3DEO’s unique approach focuses on a specialization in complex metal 3D printed components/assemblies and advanced Design for Additive Manufacturing (DfAM), and is underpinned by a differentiated portfolio of 18 patents. 3DEO’s purpose-driven vision empowers customers to innovate and design competitively positioned products, while its end-to-end solution, encompassing proprietary software, metal 3D printers, robotics, and materials, streamlines the production process. This integration significantly reduces the complexity for clients, allowing them to scale up without the burden of mastering AM processes themselves, supported by 3DEO’s comprehensive DfAM training and expertise.

Read more at 3DEO Press

TrusTrace secures $24M for supply chain traceability

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: TrusTrace, Circularity Capital


Product traceability and compliance company TrusTrace today announced a $24 million growth investment led by Circularity Capital, a specialist investor in businesses that enable the circular economy, with participation from existing investors Industrifonden and Fairpoint Capital. This brings the company’s funding to over €30 million.

Founded in 2016, TrusTrace offers a platform for supply chain traceability and compliance, enabling brands and suppliers worldwide to standardise how supply chain and material traceability data is captured, digitised and shared. Notable TrusTrace customers include adidas, Brooks Running, Tapestry and Asics.

Read more at Tech EU

TEMO raises €6 million!

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: TEMO, At One Ventures, Bpifrance


TEMO, the French specialist in electric motors for boats, has completed a €6 million Series A financing round with the US impact fund At One Ventures, the Ecotechnologies 2 fund, managed on behalf of the French government by Bpifrance as part of the France 2030 programme, and business angels.

Thanks to this first round of Series A funding, the company will be able to accelerate the development of its range. The company’s ambition is to add three new power units to its catalogue by 2027, so that the entire fleet of small sailing yachts and recreational craft can be powered electrically. TEMO’s cutting-edge technology enables boaters to enjoy clean, quiet, smooth sailing, while complying with current and future regulations.

Read more at TEMO Press

Maxwell Street Completes Growth Investment in The Integration Group

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: The Integration Group, Maxwell Street


Maxwell Street Capital Partners (Maxwell Street) announced an investment in The Integration Group (TIG), a leading provider of contract logistics and industrial supply chain aftermarket solutions for customers across the automotive, agriculture, and industrial equipment end markets. Based in Chicago, IL, Maxwell Street is a private investment firm focused on middle and lower middle market transportation, logistics, supply chain and route-based businesses.

As part of the investment in TIG, Maxwell Street’s Evan Harwood and Paul Loeb will join the TIG board of directors alongside founders Nate and Jeret Koenig, and a new independent director, Ed Bowersox.

Read more at PR Newswire

Khosla leads $245M geologic hydrogen deal

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Koloma, Khosla Ventures


Koloma, a startup aiming to lead a new industry based on extracting carbon-free hydrogen from natural underground deposits, just raised $245.7 million in a financing round that positions it to stay ahead of competitors in this developing clean energy field.

The Denver-based company disclosed the new funds in a Securities and Exchange Commission filing on Feb. 9, a day after winning a research grant from a U.S. Energy Department program to refine methods to stimulate underground hydrogen production and extract the elemental fuel. The round was led by Khosla Ventures and included investment from Amazon’s Climate Pledge Fund and United Airline’s Sustainable Flight Fund. They join previous cleantech backers including Bill Gates’ Breakthrough Energy Ventures and Energy Impact Partners, boosting Koloma’s total funding to more than $300 million.

Read more at Axios

Element Zero Raises US$10M Seed Funding Led by Playground Global

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Element Zero, Playground Global


Element Zero, a green materials platform company, announced today that it has raised US$10 million in seed funding led by Playground Global. The company has developed a novel approach to cost-effectively convert metal ores, such as iron, nickel, and other future-facing materials, to pure metals with zero carbon emissions. The low energy consumption and the ability to operate using intermittent renewable energy underpins the company’s capability to reduce carbon emissions on a global scale. Element Zero will use the funding to grow R&D, engineering, and project development teams and scale the development of a pilot iron plant. Peter Barrett, Co-Founder and General Partner at Playground Global, has joined the company’s board of directors.

Read more at Business Wire

LightShip Series B

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Lightship, Obvious Ventures, Prelude Ventures


We are excited to share that we have closed a $34 million Series B financing to accelerate production and bring the L1 to your driveways. This round was co-led by Obvious Ventures and Prelude Ventures and joined by Allegis Capital and global RV manufacturer THOR Industries and its investment partner TechNexus Venture Collaborative. Returning investors Congruent Ventures, HyperGuap, and Alumni Ventures also joined the round.

Closing this fundraise ushers in a new chapter as we build the manufacturing system and supply chain to bring the L1 to production later this year. As great things often come in twos, we are also moving into our new pilot production facility in Broomfield, Colorado later this week.

Read more at Lightship Journal

RocketStar Secures $2 Million in Seed Funding; Acquires Electric Propulsion Company

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: RocketStar


RocketStar, Inc., a frontrunner in redefining the boundaries of space exploration and satellite services, today announced a series of achievements enabling the company to take advantage of the $10 Billion space propulsion market.

The achievements include securing a $2 million seed investment, acquiring Miles Space, Inc., a space propulsion and spacecraft manufacturer, and announcing a new member to its board of directors, Mr. Mitchel Simpler. RocketStar’s $2 million seed investment will serve to solidify the merger and support operations. This investment also triggered the conversion of a previously issued set of $1.4 million notes to the new Series Seed equity.

Read more at GlobeNewswire

INERATEC Raises $129 Million Led by Piva Capital to Usher in the Next Era of Sustainable Mobility

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: INERATEC, Piva Capital, Honda, Safran, Samsung


INERATEC, a pioneering e-Fuel company, announced it has raised over $129 million in its Series B funding round, led by Piva Capital with additional participation from HG Ventures, TDK Ventures, Copec WIND Ventures, RockCreek, Emerald, Samsung Ventures as well as the increased support from current investors, including global corporates like ENGIE New Ventures, Safran Corporate Ventures and Honda.

INERATEC’s technological advancement is a scalable patented technology that enables the production of ‘drop-in’ e-Fuels. The process involves two main steps: first, turning CO2 and hydrogen into synthesis gas, then using a second reactor to turn the synthesis gas into liquid and solid hydrocarbons. The e-Fuels are compliant with standards targeted for industries heavily relying on fossil fuels, such as aviation, shipping, road transport, and the chemical industry.

Since it was founded in 2016, INERATEC has built and operated numerous pilot plants and is engaged with over 30 customers in the respective fields of application. Additionally, the company has been recognized with several key awards, including the German Founders Award, the Next Economy Award, and the EARTO Award and was recently selected as Top Innovator by UpLink, the Innovation platform of the World Economic Forum.

Read more at PR Newswire

weavix® Secures $23.6 Million in Series B Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: weavix, Insight Partners, Koch


weavix, the Wichita-based technology firm specializing in frontline communication and efficiency solutions, announced today it has successfully raised $23.6 million in its latest Series B funding round. The investment was led by global software investor Insight Partners, with participation from Four More Capital, The Friedkin Group, and Perkins Coie. As strategic partners and leaders in the industrial world, they now join Koch Disruptive Technologies, which previously invested $10 million in Series A funding in January 2022.

With this new funding, weavix intends to expand its product offerings and strengthen its market presence in industries such as manufacturing, construction, food and beverage production, hospitality, and energy. The funds raised will be primarily allocated to rapidly scale operations across the United States to meet demand and secure the position as the leading frontline worker platform benefiting the hands-on workforce through employee communication to drive engagement, enablement, and retainment.

Read more at PR Newswire

ZymoChem Closes $21M Series A Round Led by Breakout Ventures with Investments from lululemon and Toyota Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ZymoChem, Breakout Ventures, lululemon, Toyota


ZymoChem, creators of the world’s most carbon-efficient bio-manufacturing platform, closed a $21 million Series A round. The investment is led by Breakout Ventures with participation from new investors including lululemon athletica, inc. and Toyota Ventures, and existing investors including GS Futures, KdT Ventures, and Cavallo Ventures. By pairing this financing with existing revenues from commercial partnerships and funding from the U.S. Department of Energy, ZymoChem will launch its first high-performance material and advance its first partnered product to commercial scale.

Read more at PR Newswire

Aira raises €145 million in Series B financing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Aira, Altor, Kinnevik, Temasek


Aira announces the completion of a €145 million Series B financing round with leading climate tech investors from Europe, the US and Asia. The financing was significantly oversubscribed and upsized from its initial €85 million target. The transaction was led by Altor, Kinnevik and Temasek. The equity funding will allow Aira to further accelerate the electrification of residential heating in Europe to enable European households to reduce their energy bills, to drive decarbonisation, and to reduce dependency on imports of natural gas.

The new capital will further spearhead Aira’s ambition to take Europe off gas. There are still 130 million fossil fuel-based boilers in use and consequently, residential heating is the third-largest source of CO2 emissions, representing 10% of Europe’s total CO2 emissions. By switching from a gas boiler to an air source heat pump with Aira’s innovative and accessible, clean energy-tech solution, consumers can reduce their household heating costs by up to 40% and CO2 emissions by 75%, rising to 100% if fossil-free energy is used as the source of power for the heat pump.

Read more at Aira News

Tandem PV Raises Additional $6 Million to Accelerate Perovskite Commercialization

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Tandem PV, Planetary Technologies


Tandem PV, a pioneering force in perovskite solar technology, has raised an additional $6 million, bringing its total to $27 million in venture capital and government support. The company will use the funds to advance research and development and plans to build its first manufacturing facility.

The funding round was led by existing investor Planetary Technologies, an early-stage venture capital firm with deep expertise in climate tech. Other institutional investors participated, including new investor Uncorrelated Ventures, as well as executives from a variety of corporate sectors and such solar industry leaders as Tom Werner, former chairman, president and CEO of SunPower Corp.

Read more at Business Wire

Membion secures €5M for wastewater treatment tech

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Membion, TechVision Fonds, DeepTech Climate Fonds, RWTH Aachen University


German wastewater treatment company Membion announced an investment of around €5 million led by TechVision Fonds (TVF) and DeepTech & Climate Fonds (DTCF). The company develops and produces membrane bioreactor (MBR) modules for wastewater treatment.

With the multi-patented technology, municipal and industrial wastewater treatment plant operators can meet the growing demands on water quality and significantly reduce operating costs. Membion founders Dr Klaus Vossenkaul and Dirk Volmering studied process engineering at RWTH Aachen University and have over 20 years of experience in the industry.

The company’s unique membrane filters, so-called hollow fibre MBR modules, achieve significant energy and thus, operating cost savings while maintaining space efficiency. There is no need for secondary clarification as in conventional systems.

Read more at Tech EU

LAND Secures $3M Investment to Boost Electric Battery Manufacturing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: LAND


Cleveland-based electric mobility and portable battery manufacturer LAND announces a new $3 million anchor investment to help scale production and innovation of its cloud-connected CORE battery system.

LAND closed a successful Series A round in September 2023, raising $7 million to upgrade its 30,000-square-foot facility and expand its team. The funds helped LAND make more new vehicles in 2023 than any year prior and enter a second production run of The District, which includes the Power Tap technology and onboard charging. The efficiencies also enabled the company to lower the price of the e-moto to $6,995, making it one of the most affordable e-motorcycles on the market in 2024.

Read more at PR Newswire

Italian spacetech SPiN raises €1.6 million to revolutionize space manufacturing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: SPiN, Galaxia


Space Product and Innovation (SPiN), a leading provider of innovative modular space manufacturing solutions, announced the successful closure of a €1.63 million seed funding round led by Galaxia, the Italian Technology Transfer Hub on Aerospace powered by CDP Venture Capital, together with Obloo Ventures, with participation from Scientifica Venture Capital and Innova Venture. This significant investment will propel SPiN’s mission to revolutionize space manufacturing and democratize access to space.

Based in Frascati, Italy, SPiN stands at the forefront of transforming the aerospace industry with its groundbreaking approach. SPiN addresses these challenges by offering affordable, innovative, and state-of-the-art space manufacturing solutions, transforming satellites into modular systems with their groundbreaking Multipurpose Adapter Generic Interface Adapter, MA61C.

Read more at EU-Startups

Stellantis Ventures Invests in Tiamat and Affordable Sodium-Ion Battery Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Tiamat, Stellantis, French National Centre for Scientific Research


Stellantis announced its participation as a strategic investor in Tiamat, a France-based company that is developing and commercializing sodium-ion battery technology. Sodium-ion technology offers a lower cost per kilowatt-hour and is free of lithium and cobalt. Abundantly available sodium offers benefits in increased sustainability and material sovereignty.

Tiamat is a spin-off of the French National Centre for Scientific Research (CNRS) and is leveraging its best-in-class innovations. The company will use proceeds from the fundraising round that includes Stellantis Ventures to launch construction of a sodium-ion battery plant in France for power tools and stationary storage applications first, and then targeting to scale-up production of second-generation products for BEV applications.

Read more at Stellantis News

N-ink wins €1M from Voima Ventures Science Challenge for its IoT-transforming conductive polymers

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: N-ink, Voima Ventures, Linköping University


Swedish deep technology company N-ink was announced as the winner of a science challenge by Voima Ventures, an early-stage investor based in Helsinki and Stockholm. N-ink was founded in 2020 by scientists at the Laboratory of Organic Electronics, Linköping University in Sweden.

The company provides high-performing, scalable conductive polymers that boost battery and solar cell performance and are useful in Printed Electronics, IoT and Bioelectronics. N-Ink addresses this challenge by formulating and supplying n-type inks with unprecedented performance. Its patented n-Inks are highly conductive, easy to handle, stable, printable, and on par with commercial p-type inks.

Read more at Tech EU

Arkema acquires a stake in Tiamat and accelerates in next generation batteries

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Arkema, Tiamat


Arkema becomes a shareholder of the start-up Tiamat, spun off from the CNRS (Centre National de la Recherche Scientifique) in 2017 and a pioneer in sodium-ion battery technology. This investment will enable the Group to accelerate the development of technical solutions adapted to these batteries, which do not use lithium. The Group is once again demonstrating its willingness to be a key player in battery materials, offering a unique range of products adapted to all energy storage technologies.

Read more at Arkema News

Karkhana.io raises $6.3M in Series A led by Arkam Ventures and Susquehanna Asia Venture Capital

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Karkhana IO, Arkam Ventures, Susquehanna Asia


Custom manufacturing platform Karkhana.io has raised $6.3 million in a Series A funding round led by Arkam Ventures and Susquehanna Asia Venture Capital. Vertex Ventures Southeast Asia and India, an existing investor, also participated in the round. The funds will be deployed to fuel expansion of the company’s supplier network, establish an electronics supply chain, and drive scaling efforts in the United States and Europe.

Read more at Your Story

Atomic-6 Announces Over $9 Million in Total Capital

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Atomic-6, US Air Force


Atomic-6, a leading innovator in advanced composite manufacturing for Aerospace, Ballistic, and Hypersonic applications, is pleased to announce the successful completion of its first two funding rounds. With an infusion of dilutive funding ($4.95M) and non-dilutive Small Business Innovation Research contracts ($4.24M) awarded by the United States Air Force and Space Force, the company has secured a total of $9.2M to further its innovative pursuits. The funding will bolster the company’s ability to build upon these advancements and further its commitment to delivering superior aerospace and defense solutions.

Read more at PR Newswire

Helsinki-based startup Cactos secures over €26M for BESS investment

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cactos, OP Finland Infrastructure, Finnish Climate Fund


Cactos, a Helsinki-based battery energy storage systems (BESS) startup has raised over €26 million in equity capital as part of a larger €70 million investment project. Led by OP Finland Infrastructure LP and the Finnish Climate Fund, technically speaking, Cactos hasn’t raised anything at all, but rather, its EU Taxonomy Regulation (SFDR) Article 8 investment company, Cactos Fleet Finland LP has garnered the capital.

Announced just four months ago, Cactos Fleet Finland LP is the startup’s dedicated, pure-play battery energy storage investment fund, and is aiming to raise €70 million, with a 50/50 split of equity and debt funding. The €70 million will be invested in smart energy storage units over approximately two and a half years and with an expected operational period of approximately ten years.

Read more at Tech EU

Monomoy Capital Partners Agrees to Sell Sportech to Patrick Industries for Approximately $315 Million

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Monomy Capital Partners, Sportech, Patrick Industries


Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, is pleased to announce it has entered into a definitive agreement to sell Sportech, a leading designer, manufacturer and assembler of cab components and assemblies for a wide range of OEM customers, to Patrick Industries, Inc. (NASDAQ: PATK). The transaction is expected to close on or before January 24, 2024, and is subject to customary closing conditions and regulatory approval. Monomoy invested in the founder-owned business in 2019 and has since worked alongside the management team, many of whom have been with the company for multiple decades, on significant revenue growth and operational improvement initiatives that positioned the company to be recognized as one of the premier powersports platforms in the country.

Read more at Business Wire

Italian space logistics firm D-Orbit raises over $100 mln in Marubeni-led round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: D-Orbit, Marubeni


Italian space logistics startup D-Orbit said it has raised more than 100 million euros ($109.37 million) in a funding round led by Japan’s Marubeni (8002.T), as it aims to deploy more satellites and bolster services such as space debris clean-up.

Read more at Reuters

1X Secures $100M in Series B Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: 1X, EQT Ventures


1X, an AI and robotics company producing androids to benefit society and meet the world’s labor demand, is pleased to announce it has raised $100 million in Series B funding with participation from EQT Ventures and other notable global investors.

The company intends to utilize the new capital to bring to market its second generation android NEO. Designed as a bipedal humanoid, NEO is tailored for everyday home assistance, offering versatile support for a wide range of domestic tasks in the consumer market. The funds will also support 1X’s existing enterprise clients in logistics and guarding. With 1X offering an android safe to work among people and a new approach to embodied learning for data collection, the company stands at the forefront of AI robotics.

Read more at 1X Blog

Resynergi Raises $6.4M in Series B Funding Co-led By Transitions First and Lummus Technology To Scale Plastic Recycling Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Resynergi, Transitions First, Lummus Technology


Resynergi, a pioneering leader in plastic recycling technology, announced it has raised $6.4M in series B funding co-led by Transitions First (T1ST), an international industrial deep tech seed-stage venture capital fund, and Lummus Technology, a global provider of process technologies and value-driven energy solutions. The funding will allow the company to scale production of its modular Continuous Microwave Assisted Pyrolysis (CMAP) technology that converts plastic waste into reusable materials at a rate 20 times faster than traditional pyrolysis methods. The company also plans to expand its executive team to drive growth and further cement the company’s position as a leader in plastic circularity.

Read more at PR Newswire

Xaba Closes $2 Million Seed Extension to Deliver Intelligent, Self-programming Robotic Systems for Manufacturing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Xaba, BDC Capital, Hitachi


Xaba, developer of the first AI-powered cognitive software solution to automate programming and deployment of robotics and CNC machines, announced it has raised US$2 million in a seed extension round of funding to bring to market AI-driven fabrication processes and intelligent autonomous machines. The funding round was led by BDC Capital’s Deep Tech Venture Fund with participation from Hitachi Ventures and existing investor Hazelview Ventures. The investment will be used to establish and staff a new robotics lab and accelerate the delivery of two Xaba manufacturing platforms.

Xaba is augmenting industrial robots and cobots with xCognition, an artificial intelligence (AI)-powered software solution. xCognition leverages innovative proprietary machine learning algorithms to model the elasto-mechanical-dynamic behavior of industrial robotics and cobots, as well as workpiece variances. This includes variances in location and shape, using proprietary rule-based language models to eliminate coding of robotics programs. xCognition solves the challenges of deploying industrial robots by completely automating how they are programmed and adopted. This solution not only increases accuracy, consistency, and throughput, but also significantly reduces the time and costs of robotics deployments.

Read more at Business Wire

Burro closes $24M

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Burro, Catalyst Investors, Translink Capital, Toyota


Burro, a Philadelphia-based autonomous mobility company, closed a $24 million Series B co-led by New York City-based growth equity firm Catalyst Investors and Translink Capital, along with existing investors S2G Ventures, Toyota Ventures, F-Prime Capital, and Cibus Capital. As part of the round, Brian Rich, managing partner with Catalyst Investors, and Kaz Kikuchi from Translink Capital, will join the company’s Board.

Burro is an autonomy company building the future of work outdoors. Founded in 2017, the company began with a mobility platform designed to help customers meet rising wages and a shrinking workforce. Burro has more than 300 robots working as harvest assist robots in nurseries and permanent crops, where they tow trailers autonomously, patrol depot yards, and serve as a platform and physical API for a growing set of technology partners.

Read more at PR Newswire

Impact Analytics Raises $40 Million After Stellar Year to Pave Way for Global Expansion

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Impact Analytics, Sageview Capital


Impact Analytics™, provider of the industry’s most innovative retail, grocery, CPG and supply chain-focused planning and merchandising software suite—complete, fully integrated and built with native AI announced it has closed $40 million in growth financing. This funding round was led by Sageview Capital with additional support from long-time partner Vistara Growth. As part of this transaction, Jeff Klemens, Partner at Sageview Capital, and Prashanth Palakurthi, Senior Advisor at Sageview Capital and founder and former CEO of Reflexis Systems, will join the company’s board of directors.

The company will use this funding to: Expand its sales, marketing, and customer service organizations in the U.S. and abroad; Ensure its technology platform and AI capabilities continue to lead the industry; Deepen its strategic partnerships; and Strengthen its balance sheet in anticipation of future growth opportunities.

Read more at Business Wire

ThayerMahan raises $20 million of additional Series C Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ThayerMahan, Hanwha Asset Management


ThayerMahan, a world leader in autonomous maritime surveillance solutions, closed $20 million in follow-on Series C funding led by Hanwha Asset Management. Existing investors, including MC2 Security Fund, AE Industrial Partners, I Squared Capital, and Yellow Sub Funding participated pro rata in the round. The investment follows a $30 million Series C investment led by MC2 Security Fund in April 2023.

ThayerMahan products and services are used to detect marine mammals, mitigate offshore construction noise, and deliver a wide range of undersea detection and security services. After three years of rapid sales growth, the company is an emerging leader in offshore energy support services and national security applications.

Read more at PR Newswire

Rocscience Announces Strategic Investment from TA to Accelerate Innovation and Expansion

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Rocscience, TA Associates


Rocscience, a pioneering provider of geotechnical software solutions, announced that TA Associates (“TA”), a leading global private equity firm, completed a strategic growth investment in the Company.

Founded in 1996, Rocscience specializes in 2D and 3D modeling, simulation and analysis of rock and soil behavior. The Company’s team of industry experts are dedicated to developing the most advanced geotechnical software for professionals across the civil, structural and mining industries. Combining cutting-edge research with continuous software development, Rocscience offers an integrated portfolio of reliable, easy-to-use products that help engineers solve the most complex geotechnical challenges.

Read more at TA News

Rincell Corporation raises $1.2M seed round to accelerate the electrification of high impact carbon emission products using advanced cell chemistries

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Rincell, NextGen Battery Chem Ventures


Rincell Corporation, an advanced chemistry battery cell manufacturer, announced it has raised a $1.2 million seed round investment in an oversubscribed round led by U.S. based NextGen Battery Chem Ventures LLC, managed by Sandiip Bhammer.

The infusion of capital from NextGen Battery Chem Ventures will allow Rincell to get its 18650 and 21700 silicon-graphite batteries ready for commercial production in CY2024.

Read more at PR Newswire

OrbiMed Invests in Strategic Partnership With Nanotronics

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Nanotronics, OrbiMed


Nanotronics, the Industrial AI company, today announced a new strategic partnership with OrbiMed, a leading global life sciences investment firm. As part of the transaction, OrbiMed is investing in Nanotronics’ proprietary technology to advance quality control and precision manufacturing across the healthcare and biotech industries.

Read more at Business Wire

UniFAHS Raises USD 1.4 Million in Seed Funding to Scale Bacteriophage Technology for Sustainable Agriculture

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: UniFAHS, A2D Ventures


UniFAHS, a trailblazing biotechnology company specialising in phage technology for sustainable agriculture and food safety, today announced it has raised over USD 1.4 million in its seed funding round. This significant step propels the company forward in its mission of growth and transforming food production using environmentally friendly and sustainable approaches.

The funding round, led by A2D Ventures and supported by contributions from Asian Development Bank Ventures (ADB Ventures) and InnoSpace (Thailand), underscores the strong confidence in UniFAHS’s innovative approach and future potential. A2D Ventures is a prominent community-led early-stage investing platform that aims to tackle fragmentation and democratise access to investment opportunities.

Read more at PR Newswire

Why We Invested in pH7 Technologies to Support Green Metals for Energy Transition

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: pH7 Technologies, TDK Ventures


pH7 Technologies has developed a sustainable, proprietary closed-loop extraction method that operates at low temperatures, addressing the challenges faced in metal recycling and mining. With a PGM recycling pilot operating daily and a commercial plant soon to come online, pH7’s process consumes 84% less energy, 98% less water, and produces no NOx and SOx emissions compared to existing extraction approaches. The innovative PGM extraction platform offered by pH7 has numerous advantages over traditional pyrometallurgy processes. It eliminates the need for toxic or hazardous reagents, is capable of handling PGM substrates with high melting points such as SiC, Zr, Ti, and fluorinated compounds, and boasts an impressive recovery rate and purity. Furthermore, the scalability of the process, facilitated by fast reaction kinetics, simple process flow, accessible reagents, and no aqueous discharge, has caught the attention of major PGM catalyst manufacturers, traders, and recyclers, who have signed commercial agreements to supply substantial quantities of end-of-life PGMs to pH7 for treatment.

TDK Ventures is proud to have invested in pH7 Technologies, as the company aligns perfectly with our investment criteria and strategic outlook.

Read more at TDk Ventures News

Vita Inclinata Technologies Closes $44M Round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Vita Inclinata Technologies


Vita Inclinata Technologies, an innovator in intelligent lifting hardware and software for rescue crews and other field safety applications, announced today that it secured $44 million in funding from 3&1 Fund, a global leader in IP (Intellectual Property) based financing solutions. Utilizing a debt structure, 3&1 Fund provided a compelling alternative to traditional equity-based Venture Capital financing which will boost Vita Inclinata Technologies’ expansion initiatives.

Read more at PR Newswire

Aerones receives Grant from EU's Innovation Fund

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Aerones


The company specializes in robot-enabled turbine inspection and maintenance services, and plans to use the Innovation Fund grant of €4,416,000 to produce and deploy world’s first wind turbine blade leading edge repair robot sets. Total budget of the project is €7,360,000. Using unique patented robotic technology, crucial tasks are performed 3x – 6x faster, with up to 10x less idle stay days than using conventional methods.

Leading edge erosion is among the most common turbine blade issues. As wind turbines become larger, blade rotation speed at the tip of the blade can exceed 360 km/h. At these speeds, even rain can cause the erosion of the leading edge, and reduce the turbine’s efficiency. Even a small amount of erosion can result in a significant reduction of annual energy production.

Read more at Aerones

Element3 secures seed funding for lithium extraction from oil and gas wastewater

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Element3, EIC Rose Rock


Element3, a company specializing in extracting lithium from oil and gas wastewater, announced that it has closed its seed investment round. Major investors include EIC Rose Rock, other oil and gas family offices, and other strategic partners. The financial terms were not disclosed.

The funding will enable Element3 to accelerate the development and testing of its patent-pending Direct Lithium Extraction (DLE) technology, and plans to deploy its technology in field operations by early 2024.

Read more at Smart Water Magazine

Intel spins out AI software firm with backing from DigitalBridge

📅 Date:

✍️ Author: Stephen Nellis

🔖 Topics: Funding Event

🏢 Organizations: Intel, DigitalBridge Group, Boston Consulting Group


Intel is forming a new independent company around its artificial intelligence software efforts with backing from digital-focused asset manager DigitalBridge Group (DBRG.N) and other investors. The new entity, which will not be publicly traded and will be called Articul8 AI (pronounced “Articulate AI”), is an outgrowth of work on corporate AI technology that Intel initially carried out with Boston Consulting Group (BCG).

Read more at Reuters

Shield AI Raises Additional Capital in Series F, Boosts Total Amount to $500M

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Shield AI, Hercules Capital


Shield AI, the defense technology company building the world’s best AI pilot for aircraft, today announced the expansion of their Series F funding round to a total of $500 million. An additional $100M in equity, raised at the Series F price, and $200M in debt from Hercules Capital were added to the initial $200M in equity closed in November.

Shield AI’s flagship product, Hivemind, is an AI pilot that enables teams of intelligent aircraft to operate and complete missions autonomously in high-threat environments, without the need for remote operators or GPS. Hivemind is an aircraft agnostic autonomy stack similar to the self-driving technology found in cars. It has flown quadcopters, the MQ-35A V-BAT, and the F-16. Next year it will fly Kratos’ XQ-58 Valkyrie. Shield AI has accumulated more autonomous flight hours executing fighter jet maneuvers, like dogfighting, than any company in the world.

Read more at PR Newswire

JJC TEC Completed the E Round Financing, AGF Invested

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Beijing JJC Technology, SDIC Fund, Seekers Capital


Beijing JJC Technology Co., Ltd. (referred to as “JJC”) completed the E-round financing. The investment is led by SDIC Fund and Seekers Capital, followed by China Venture Capital Fund, Jingguoguan Equity Investment Fund, Starlight Capital, and Asia Green Fund, and existing investors Summitview Capital and China Merchants Capital. The fund will go towards the continuous R&D of the Smart Wrench and Clusters System. This investment is in line with COP28 efforts and the Oil & Gas Decarbonization Charter that aims to accelerate climate action.

JJC focuses on the R&D, manufacturing, and high-end technical services of Smart Wrench and its system in the petroleum industry. JJC insists on independent innovation and has developed multiple products such as Smart Wrench, Mechanical Seal Washpipe, Hydraulic Power Unit, Hydraulic Elevator and Hydraulic Power Slip Handler, etc., and built the “Tripro® Walker” Drilling Rig Automation System, providing comprehensive smart drilling solutions in the petroleum drilling and production industry, helping China gradually realizing domestic alternative solutions in the high-end manufacturing field of petroleum equipment and ensuring national energy security.

Read more at PR Newswire

Scewo AG secures CHF 9.2 Million in Series A extension funding

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🔖 Topics: Funding Event

🏢 Organizations: Scewo, RSBG Ventures


Scewo AG, a pioneering Swiss technology company known for its stair-climbing electric wheelchair Scewo BRO, secured an investment led by Germany-based RSBG Ventures. The Series A extension funding will be strategically deployed to drive Scewo AG towards profitability and pave the way for the US entry.

Read more at Startup Ticker

Silicon Box's Series B Success: A Milestone in SG's Semiconductor Landscape

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🔖 Topics: Funding Event

🏢 Organizations: Silicon Box


Silicon Box, a Singapore-based semiconductor design and device integration services startup, recently announced a substantial achievement in its financial journey. The company raised USD 139.4 million in its Series B funding round. This investment marks a significant milestone, reflecting the growing interest and potential within the semiconductor sector, particularly in Singapore. The details of this funding were disclosed in the company’s filings with the Accounting and Corporate Regulatory Authority (ACRA).

Read more at Markets and Markets

CardioMech Raises $13M in Heavily Oversubscribed Round

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🔖 Topics: Funding Event

🏢 Organizations: CardioMech


Norway-based CardioMech AS, a medical device company developing a transfemoral, transseptally delivered mitral valve chordal repair technology in Fridley, MN, announced it has closed on $13M in fresh capital ($42M to-date). CardioMech received strong financial support from existing and new investors, including a non-disclosed strategic investor.

The CardioMech device is an artificial chord that is designed to reduce or eliminate regurgitation and to restore the native anatomy. This catheter-based therapy is intended to be a simple and straightforward procedure and an alternative therapy option for both patients eligible for open-heart surgery and those considered surgically ineligible. Therefore, the CardioMech device can potentially reduce the need for open-heart surgery and may lessen the need for watchful waiting in younger and healthier patients.

Read more at PR Newswire

Agritech startup Fasal raises $12 million in funding led by TDK Ventures, British International Investment

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Fasal, TDK Ventures, British International Investment


Agritech startup Fasal on Friday said it has raised about $12 million (Rs 100 crore) in a funding round led by TDK Ventures and British International Investment (BII).

Fasal claims farmers on its network have reduced irrigation water consumption by 82.8 billion litres, pesticide reduction by 127,426 kilograms, curbed greenhouse gas emissions by 54,965 metric tons, and increased yields and quality by up to 30%.

“With this capital infusion, we plan to expand Fasal’s presence from 75,000 acres to 500,000 acres and enable our technology to deliver more to the farmers by providing them access to sustainable crop inputs, farm-level crop insurance, and working ..

Read more at The Economic Times

Industrial edge platform Helin raises €3 million Seed round for seamles edger analytics

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🔖 Topics: Funding Event

🏢 Organizations: Helin, FORWARD.one


Helin, a Netherlands developer of an industrial edge intelligence platform, has successfully raised a €3 million Seed round from FORWARD.one. Specialising in the maritime and energy sectors, Helin’s fully managed SaaS solution offers a seamless edge control experience, merging on-site systems with cloud data processing and remote AI applications.

Read more at Tech EU

DTE raises $6M in extended investment round for real-time intelligence from liquid metals

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: DTE


DTE announced it has successfully extended its current investment round by $6 million with participation from Eyrir Vöxtur, alongside existing backers, the European Innovation Council (EIC) Fund.

DTE serves the global metals production and manufacturing industries with real-time and predictive process control intelligence to maximise value, sustainability, safety, and efficiency throughout the value chain.

Read more at Tech EU

Luna Announces $50 Million Strategic Investment from White Hat Capital Partners

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Luna, White Hat Capital Partners, Silixa


Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced fiber optic-based technology, today announced a $50 million investment by White Hat Capital Partners (“White Hat”), an investment firm focused on sustainable value creation in technology companies serving mission-critical applications.

Proceeds from this strategic investment were partially used to fund the acquisition of Silixa, also announced today, and related transaction costs in the aggregate amount of approximately $25 million. Remaining proceeds were used to repay the Company’s outstanding $17 million term loan with PNC Bank and strengthen the Company’s balance sheet.

Read more at Business Wire

AI-Driven Warehouse and Retail Automation Leader GreyOrange Closes on $135M Growth Financing

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🔖 Topics: Funding Event

🏢 Organizations: GreyOrange, Anthelion Capital


GreyOrange Inc., a leader in AI-driven fulfillment automation, today announced the first close of its Series D funding, securing $135 million. Led by Anthelion Capital (formerly Cowen Sustainable Investments) this investment reinforces GreyOrange’s innovative approach to transforming warehouse and retail store operations through a hardware-agnostic software platform and a dynamic range of certified robotic and sensing technologies.

GreyOrange will deploy the growth capital to accelerate the company’s technology leadership, continue its global expansion, and further support the adoption of GreyOrange’s fulfillment orchestration platform in warehouses, distribution centers, and retail stores.

Read more at Globe Newswire

PaintJet Raises $10M in Series A Funding to Protect the Nation’s Infrastructure from Premature Aging with Industrial Painting Robots

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: PaintJet, Outsiders Fund


PaintJet, the robotics company bringing automation to industrial painting, today announced it has raised $10M in Series A funding to bring critical automation technology to the construction industry and address widespread labor shortages. The latest round of funding was led by Outsiders Fund with participation from 53 Stations, Dynamo, Pathbreaker Ventures, MetaProp and VSC Ventures.

Rather than selling or leasing its robots to construction teams, the startup provides a comprehensive service inclusive of its robot and proprietary paint and maintains oversight of the painting process from start to finish. This model enables PaintJet to tap into the $200 billion paint market without being reliant on a shrinking workforce.

With the new capital, PaintJet will relocate its headquarters from Nashville to Virginia in early 2024 and make strategic engineering, financial and operational hires. This move will also support the company’s expansion into marine-based projects. When used on ships, PaintJet’s proprietary paint can not only prevent rust and corrosion, but prohibit mollusks, algae, and fungus from attaching to the bottom of a boat. Without this layer of protection keeping the boat’s bottom smooth, ships can lose 40% of their fuel economy due to increased drag – a significant reason the US Navy has a $3B budget just to paint its ships and submarines.

Read more at Web Wire

Skyline Robotics Closes $9.8M Funding Round to Automate Window Cleaning Globally

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Skyline Robotics


Skyline Robotics, developers of Ozmo, the world’s first robotic-armed window cleaning robot, today announced the closing of a $9.8M Pre-Series A-2 funding (including the conversion of SAFE Notes) round led by Standard Skyline LLC with additional contributions from Durst Ventures, the venture capital investment arm of the Durst Organization, and HNW individuals. To date, Skyline Robotics has raised $19.4M. This latest round will support Ozmo’s expansion into NYC and London, grow the R&D team to bolster Ozmo’s service offerings, and formalize Skyline’s new construction line of business.

Read more at Business Wire

Axelspace Raises $44 Million, Closing Series D Funding Round to Accelerate Growth Toward Social Implementation of Microsatellite Applications

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Axelspace


Axelspace Holdings Corporation today announced that the company completed its Series D funding round raising approximately JPY 6.24 billion (equivalent to USD 44.0 million). The round sees the allocation of new shares to SMBC-GB Growth I Investment Limited Partnership, several other venture capitals, and corporate investors. This brings the cumulative amount of equity financing to approximately JPY 14.3 billion.

Read more at Business Wire

Skyline Robotics Closes $9.8M Funding Round to Automate Window Cleaning Globally

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Skyline Robotics, Standard Skyline


Skyline Robotics, developers of Ozmo, the world’s first robotic-armed window cleaning robot, today announced the closing of a $9.8M Pre-Series A-2 funding (including the conversion of SAFE Notes) round led by Standard Skyline LLC with additional contributions from Durst Ventures, the venture capital investment arm of the Durst Organization, and HNW individuals. To date, Skyline Robotics has raised $19.4M. This latest round will support Ozmo’s expansion into NYC and London, grow the R&D team to bolster Ozmo’s service offerings, and formalize Skyline’s new construction line of business.

Read more at Business Wire

China EV maker Nio secures $2.2bn investment from Abu Dhabi

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Nio, CYVN Holdings


Chinese electric vehicle maker Nio will receive a $2.2 billion strategic investment from a fund backed by Abu Dhabi, as it bolsters finances in the face of growing competition. CYVN Holdings will acquire 294 million newly issued shares in Nio for $7.50 each by the end of the month. The purchase will increase CYVN’s ownership in Nio to around 20.1%.

Read more at Nikkei Asia

TuMeke Raises $10M in Series A Funding led by Intel Capital

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: TuMeke, Intel


TuMeke, a computer vision platform that automatically assesses injury risk in manufacturing facilities, raised $10M in a Series A funding round led by Intel Capital to expand and scale the TuMeke team of engineers, ergonomists, and academics.

TuMeke has become a key partner in manufacturing, empowering industry powerhouses such as AF Group, Chemtrade Logistics, Sentry Insurance, and more to prioritize ergonomic safety and establish a resilient workforce. With employee health at the center of company decisions and technology designs, the product offers swift and accurate ergonomic risk assessments without the need for wearables or extra equipment, emphasizing efficiency and user comfort.

Read more at PR Newswire

Next-generation laser technology: Midel Photonics secures EUR 1 million in seed funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Midel Photonics, High-Tech Gründerfonds


Bonn-based laser start-up Midel Photonics is ending the year with a bang: Its seed financing round has been closed, with investors including High-Tech Gründerfonds (HTGF) and renowned industry experts Thomas Merk and Dr. Markus Dilger.

Founded in 2022, high-tech start-up Midel Photonics is revolutionizing laser materials processing. In key areas such as cutting microchips, welding engines and batteries for electromobility and display manufacturing, current laser technologies are reaching their limits, leading to inefficient production processes and wasted resources. Midel Photonics’ innovation is a novel technology that shapes laser beams to significantly enhance the efficiency of existing processes while paving the way for new manufacturing processes. The company is working towards a more sustainable and intelligent manufacturing future.

Read more at HTGF News

Future of manufacturing is phygital as human-robot collaboration rises: Twyn’s Avi Dahiya

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Twyn


Twyn, which helps large manufacturers and OEMs to enable smart manufacturing, recently secured $1.25 million in funding in a pre-series A round, led by JITO Incubation & Innovation Foundation (JIIF) and ah! Ventures. Other investors include HEM Angels, Bestvantage and Beej Network.

The platform creates phygital twins that not only replicate a live and connected version of the physical asset and environment, but also brings back insights from the digital twin to the physical environment for on-ground optimisation of machinery, inventory and human resources for the manufacturers.

Read more at The Economic Times of India

Arch Systems Secures New Funding with DI Technology and Neotribe to Accelerate Global Expansion

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🔖 Topics: Funding Event

🏢 Organizations: Arch Systems, DI Technology


Arch®, the leading provider of data and analytics for manufacturing operations, proudly announces successful additional funding with DI Technology, a Munich-based B2B technology investor with a focus on Industrial Tech and Enterprise SaaS, and Neotribe, a Silicon Valley venture capital firm investing in leading AI and data technologies. This investment not only bolsters Arch Systems’ position in the market but also marks a significant step toward accelerating Arch’s strategic expansion in Europe and globally.

The additional funds from this investment round will be instrumental in further enhancing Arch Systems’ technological capabilities, expanding its team, and facilitating the company’s global market penetration.

Read more at Arch Systems Blog

Momenta leads Series A investment round for Agtonomy, joined by Doosan Bobcat North America and Toyota Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Agtonomy, Momenta, Doosan Bobcat, Toyota


Momenta, the leading Industrial Impact venture capital firm, announced today that they have led the Series A funding round for Agtonomy, a leading software and services company specializing in advanced autonomous and AI solutions for agriculture. The $22.5m round was joined by strategic investors Doosan Bobcat North America, Inc. and Toyota Ventures.

Read more at PR Web

Lightmatter Accelerates Growth and Expands Photonic Chip Deployments With $155M in New Funding; Now Valued at $1.2B

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Lightmatter, Google


Lightmatter, the leader in photonics, announced today it has raised a $155M Series C-2 led by GV (Google Ventures) and Viking Global Investors, with participation from others. With this round, Lightmatter has raised over $420 million to date and is now valued at over $1.2B. This new financing allows the company to expedite growth to meet the increasing demand for high-performance computing (HPC) from AI innovators. Lightmatter plans to expand its world-class team and office footprint, while accelerating its ability to provide customers increased performance on the most advanced AI workloads.

Lightmatter is developing photonic technologies that reconstruct how chips calculate and communicate, which can be leveraged by the biggest cloud providers, semiconductor companies, and enterprises for their computing needs. The company provides a full stack of photonics-enabled hardware and software solutions that simultaneously reduce power consumption and increase performance. This is essential for highly compute-intensive workloads such as AI, which have grown rapidly to affect every critical industry.

Read more at Business Wire

NewLeaf Symbiotics Closes $45M Series D Round, Continues Growth Trajectory

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: NewLeaf Symbiotics


NewLeaf Symbiotics, global leader and pioneer of pink-pigmented facultative methylotrophs (PPFMs), announces the fully funded close of its series D financing round, totaling $45 million. This round was led by new investor Gullspång Re:food and followed by Otter Capital Partners LP, S2G Ventures, Leaps by Bayer and others.

With this funding, NewLeaf will accelerate its efforts with PPFM technology and adjacent technologies in the areas of biostimulants/microbial inoculants, biocontrol, nitrogen use efficiency and methane mitigation. Its plans for 2024 include a new EPA-registered biopesticide technology shown to repel corn rootworm in corn plants, new biostimulant technologies for peanut and cotton, and continued research and development around rice yield, nitrogen efficiency and methane reduction impact. NewLeaf remains focused on its mission to help growers do more with less as they work to feed the world’s increasing population.

Read more at PR Newswire

Lightmatter Accelerates Growth and Expands Photonic Chip Deployments With $155M in New Funding; Now Valued at $1.2B

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Lightmatter, Google


Lightmatter, the leader in photonics, announced it has raised a $155M Series C-2 led by GV (Google Ventures) and Viking Global Investors, with participation from others. With this round, Lightmatter has raised over $420 million to date and is now valued at over $1.2B. This new financing allows the company to expedite growth to meet the increasing demand for high-performance computing (HPC) from AI innovators. Lightmatter plans to expand its world-class team and office footprint, while accelerating its ability to provide customers increased performance on the most advanced AI workloads.

Read more at Business Wire

Lingrove Secures $10 Million in Financing to Ramp up Production of ekoa®

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Lingrove, Lewis & Clark Agrifood


Lingrove - a pioneer in composite materials that uses patented technology to transform fast-growing plants into surfaces and panels for the built environment and beyond – announced today an oversubscribed Series B round of funding led by Lewis & Clark Agrifood and Diamond Edge Ventures, with participation from Bunge Ventures and SOSV. The funding enables Lingrove to ramp up production of ekoa®, a natural, durable, and carbon-negative alternative to conventional materials used in construction.

Made from carbon-negative plant fibers, high-performance ekoa® can sequester billions of tons of CO2 per year by replacing plastics, metals, and wood with a renewable-sourced product. Lingrove aims to reinvent and decarbonize the trillion-dollar renovation and new construction materials market, making interiors healthy, beautiful, and climate-friendly. Lingrove, which launched inhouse manufacturing of ekoa® surfaces in late 2023, has secured millions in ekoa® pre-orders. Its eco-veneers are currently being used in wall and cabinetry applications, as well as advanced materials testing for the automotive sector.

Read more at Business Wire

OpenGate Capital Exits Investment in Verdant Specialty Solutions Through Sale to Samyang Specialty Solutions

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: OpenGate Capital, Samyang


OpenGate Capital (“OpenGate”), a global private equity firm, announced today that it has exited its investment in Verdant Specialty Solutions (the “Company”), a chemical manufacturer of surfactants focused on the production of specialty amphoterics and ethoxylates, through a sale to Samyang Specialty Solutions, a subsidiary of Samyang Holdings (“Samyang”). Financial terms were not disclosed.

The Company was established in May 2021, when OpenGate carved out the North American and European amphoteric surfactant business from Solvay and named it Verdant Specialty Solutions. Since then, the Company has been led by John Foley, an industry veteran hired by OpenGate to reenergize the Company’s commercial strategy and accelerate growth while maintaining a focus on safety, compliance, and reliability. Under Mr. Foley’s leadership and in partnership with OpenGate, it completed several add-on acquisitions that expanded its technology portfolio and U.S. manufacturing footprint. Today, it is an important global supplier for some of the world’s most recognizable personal care, home, and hygiene brands, with a diverse international customer base of more than 600 customers in 46 countries.

Read more at Business Wire

Tribosonics set to create another 25 jobs after £1.5m fundraise

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Tribosonics


Tribosonics has raised a further £1.5m from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund, and Mercia’s EIS funds. The investment will support Tribosonics’ ongoing product development and bring its solutions to a wider audience. The company also plans to expand its 42-strong team with the creation of around 25 new jobs in the next 18 months across its technical teams. It will also continue to invest in its award-winning apprenticeship scheme, Tribosonics Future Leaders Programme.

Tribosonics’ solutions are used to monitor industrial machinery and components and manage process efficiency and product quality. Its integrated systems – which incorporate hardware, software and advanced ‘edge’ analytics – provide data and insights to help companies improve performance, extend plant life, reduce maintenance and energy use and meet sustainability goals.

Read more at Tribosonics

Vectoflow secures €4M Series A for its customised flow measurement tech

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Vectoflow


Vectoflow, maker of 3D printed flow measurement systems, is pleased to announce the completion of its Series A investment round, securing €4 million in funding. The round was backed by new key investors, including Bayern Kapital Innovations fonds II, WN Invest, asto One Investment, argo vantage, Schwarz Holding, Dr Rolf Pfeiffer, as well as existing seed investors AM Ventures and KfW Bankengruppe. The funds will help the company expand its market presence, and solidify Vectoflow’s position in the instrumentation sector.

Vectoflow produces standardised and customised flow measurement technology for every application, reliably measuring the static and total pressure, velocity and angle of attack of a flow. The company’s technology ensures probes function under the most demanding environmental conditions, and the tech is utilised in applications such as wind energy, aviation, turbomachinery development and research.

Read more at Tech EU

ANNEA Raises $2.9 Million in Seed Funding to Advance Climate Tech for Renewable Energy Optimization

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ANNEA, Voyager Ventures


ANNEA, a climate tech startup automating predictive maintenance and performance optimization in renewable energy, has raised USD 2.9 million (€2.75 million) in Seed funding. The round, led by Voyager Ventures, also saw participation from existing investors Innoport and Faber Ventures. ANNEA’s disruptive optimization technology significantly enhances renewable energy production from existing infrastructure by an average of 5 to 15 percent each year. At the same time, their next-generation predictive maintenance software slashes unplanned downtime by 80 percent and cuts maintenance expenses by 10 to 50 percent. ANNEA’s partners include the world’s largest renewable asset owners and operators who work with ANNEA to boost their operating margins.

ANNEA plans to leverage the recent funding to strengthen its foothold in the U.S. market, expand its established market position across Europe – including Germany, Spain, Portugal, and the UK – and grow in Southeast Asia. The company, based in Hamburg, Germany, is also looking to forge new strategic partnerships within the wind industry.

Read more at AIthority

Neurophos Raises $7.2 Million Round to Create Super-fast, Energy-Efficient Metamaterial-Based Optical AI Chips for Data Centers

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Neurophos, Metacept, Gates Frontier, Duke University


Neurophos, a spinout from Duke University and Metacept Inc., has raised a $7.2M USD seed round to productize a breakthrough in both metamaterials and optical AI inference chips. The company has been funded in a round led by Gates Frontier and supported by MetaVC, Mana Ventures, and others. The seed funding will enable the production of a proprietary metasurface that serves as a tensor core processor enabled by its advanced optical properties. The company will also hire a team of engineers in Austin, Texas, a major silicon engineering hub.

Neurophos’ optical metasurfaces are designed for use in data centers and their approach is already shattering world records in computational energy efficiency. Neurophos plans to use high-speed silicon photonics to drive a metasurface in-memory processor capable of fast, efficient, AI compute.

Read more at PR Web

Woola raises €2.5m to replace plastic packaging with wool and announces new collaborations

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Woola, Metaplanet


Woola has announced a funding round of €2.5m, led by Metaplanet and followed by Future Ventures and Lemonade Stand, both investors of Woola since 2021, along with new angel investors.

Since Woola was founded in 2020, the company’s focus has been on replacing bubble wrap in ecommerce. Now, the company is expanding its offering to the luxury goods market.

Read more at Woola Blog

Verve Motion Raises $20 Million in Series B Financing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Verve Motion, Safar Partners, Harvard University


Pioneering the future of industrial safety, Verve Motion, a Harvard University spinout, today announced it has reached a significant milestone by securing $20 million in Series B funding. This achievement, raising the company’s total funding to over $40 million, marks a crucial step in the company’s rapid expansion and the widespread adoption of its innovative industrial-use connected wearable technology, SafeLift™ exosuit.

The Series B funding round, which will play a pivotal role in supporting the company’s goals of market expansion and scaling manufacturing to meet demand, was led by Safar Partners, with new investments from Cybernetix Ventures as well as follow-on investments from existing investors, including Construct Capital, Pillar VC and OUP. The round also included participation from individual investors including Frederic Kerrest, Vice-Chairman and Co-Founder of Okta, and John McEleney, Co-founder of Onshape, and formerly CEO of SolidWorks.

Verve Motion’s technology evolved from work in the Biodesign Lab at Harvard’s John A. Paulson School of Engineering and Applied Sciences. Researchers there developed a soft exosuit with the goal of mitigating fatigue and injury risks for military personnel, work that paved the way for the next generation of wearable robots. The work was supported by DARPA (the advanced research and development agency of the U.S. Department of Defense), the National Science Foundation, and the National Institutes of Health.

Read more at PR Newswire

AllSpice.io achieves $10m in venture funding for modernizing electronics design collaboration

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: AllSpice


AllSpice.io, the hardware development platform that empowers engineers to modernize their collaboration and workflows, has raised an additional $6 million in venture capital. Investors participating in the recent round included Root Ventures, Flybridge Capital Partners, Benchstrength, Bowery Capital, and a group of angel investors. The funding is being leveraged to develop new features for its growing enterprise customer base and expand complex implementations, integrations, and additional ECAD format support.

Founded and built by engineers, AllSpice.io empowers fellow engineers to modernize their workflows - all through the power of Git. With automation, cross-team collaboration, and version control, engineers can develop hardware more efficiently.

Read more at PR Newswire

Myrias Optics, Founded by UMass Amherst Faculty Member, Secures $3 Million Seed Investment Round to Deploy New Class of Optics

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Myrias Optics, Asia Optical, UMass Amherst


Myrias Optics, built on research developed by the Watkins Group at the University of Massachusetts Amherst, announced today that it has secured a $3 million seed investment led by Asia Optical Inc. Myrias, an emerging developer of all-inorganic printed meta-optics, will use the funding to meet growing customer demand and interest in the company’s structure, materials and process technology platform. This investment round also includes participation from UMass Amherst, Tenon Ventures and HOSS Investment Inc.

Myrias Optics enables the next generation of meta-optics for augmented reality/virtual reality, consumer electronics, machine vision, advanced robotics, automotive light detection and ranging, defense and aerospace. The company, founded by UMass faculty member James Watkins, plans to manufacture optics in Western Massachusetts and hire a substantial workforce.

Read more at PR Newswire

Tacto secures €50m to tackle disruptions and bureaucracy in industrial supply chains

📅 Date:

✍️ Authors: Carlos Gonzalez-Cadenas, Kathi Wilhelm

🔖 Topics: Funding Event

🏢 Organizations: Tacto, Index Ventures, Sequoia Capital


Tacto’s €50 million investment led by Index and Sequoia will be used to speed up product development and invest significantly in AI. Going forward, Tacto says it aims to expand its active community by building on its strong customer base and equipping Europe’s industrial ‘Mittelstand’ with technology to meet today’s supply chain challenges while preparing for tomorrow.

Tacto is providing a solution to procurement through its central supply chain operating system that manages supplier relations for mid-sized industrial organizations. The AI-based software streamlines all procurement workflows, effortlessly ensuring compliant and sustainable supply chains, along with enabling efficient material sourcing.

Read more at Index Ventures Perspectives

Spore.Bio raises €8M for real-time pathogen detection in FMCG factories

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Spore.Bio, LocalGlobe


Spore.Bio announced that it has raised €8 million in Pre-Seed funding led by LocalGlobe to solve the critical health and safety challenges threatening the global fast-moving consumer goods (FMCG) market. Besides LocalGlobe, the round also included participation from EmergingTech Ventures, No Label Ventures, Famille C (Clarins Family Office), Better Angle, Mehdi Ghissassi (Google DeepMind), Roxane Varza (Station F) and more. The funding will be used to accelerate the development and deployment of Spore.Bio’s AI-powered technology and grow its team.

Spore.Bio has built the world’s first device for detecting pathogens immediately, directly on the factory floor. It uses advanced machine learning models to train its system to identify the concentration of bacteria in food, drink, pharmaceuticals and cosmetic products before alerting quality managers to the potential risks. Previously, quality sampling would typically take between five and 20 days, with products having to be sent off-site to external labs, at great time and financial expense.

Read more at Tech EU

Friendlier Secures $5M to Accelerate Nationwide Expansion

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Friendlier, Relay Ventures, Garage Capital


Friendlier, a Canadian leader in the reusable packaging industry, is thrilled to announce a successful seed extension raise to further its mission of helping businesses transition from single-use to reusable packaging. The successful closure of a $5 million funding round was led by Relay Ventures and Garage Capital, with support from experienced founders and operators.

Founded in 2019 by two chemical engineers, Friendlier offers returnable, multiple-use plastic containers at the same cost as single-use containers. Similar to a deposit fee on pop cans, customers pay a deposit which is returned when containers are returned. The containers are then sanitized and recirculated for use.

Read more at Globe Newswire

Fourth Power Secures $19M for Low-Cost Utility-Scale Thermal Energy Storage to Enable a Fully Renewable Grid

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Fourth Power, DCVC


To meet the growing demand for renewable energy on the grid, Fourth Power has received $19 million in Series A funding to scale its cost-effective groundbreaking thermal battery technology. The investment round was led by the venture capital firm DCVC, with participation from Breakthrough Energy Ventures (BEV) and Black Venture Capital Consortium. In addition to helping scale the company’s thermal energy storage solution, which can store energy for both short- and long-term durations to be put back on the grid as electricity, the investment will initiate the construction of a 1 MWh-e prototype facility outside Boston, with a 2026 anticipated completion date.

Read more at Business Wire

Armada Raises More Than $55M to Bridge the Digital Divide

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Armada, Founders Fund, Lux Capital, Shield Capital, 8090 Industries


Armada, an edge computing pioneer redefining the future of connectivity, compute and AI, today exited stealth. The company marks this milestone with a significant capital raise exceeding $55M, led by Founders Fund, Lux Capital, Shield Capital and 8090 Industries, with participation from Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments, 8VC and a cohort of other strategic investors. This funding will propel Armada forward in its mission to bridge the global digital divide, empowering businesses and communities to leverage all of their data, regardless of where it’s generated. Armada is dedicated to unlocking the potential of generative AI, edge computing and predictive models on a global scale.

Armada provides a full-stack infrastructure solution, deployable on both on-premise and cloud infrastructures, to deliver optimal edge computing and cutting edge satellite internet connectivity to the world’s most remote regions. This empowers companies to harness the power of generative AI and predictive models where they are most needed, enabling a range of industries — from utilities and infrastructure to military and mining — to dramatically enhance their real-time processing, analysis and decision-making capabilities, right where their data resides.

Read more at Business Wire

Phasio Receives $2.5M to Streamline Communication for Digital Manufacturing

📅 Date:

✍️ Author: Michael Molitch-Hou

🔖 Topics: Funding Event

🏢 Organizations: Phasio, AirTree Ventures


Phasio provides a digital manufacturing platform that streamlines communication and collaboration between manufacturers and their customers. To do this, it offers features like automated order acceptance, personalized quoting, and integrated messaging for product design and production order management. Driving the startup’s efforts forward is a $2.5 million seed investment, led by Airtree Ventures, with participation from 500 Global, Entrepreneur First, Michael Sorkin’s Gattaca Ventures, and Tan Teik Guan.

Phasio’s seed funding will be used to support its go-to-market strategy, further expanding its reach in the manufacturing industry. Currently, the startup reaches out to manufacturers directly and has gained traction through word of mouth. Recognizing the need for high-quality content in the manufacturing sector, Phasio is also laying the groundwork to establish a community-level knowledge-sharing platform for manufacturers, aiming to provide valuable resources for manufacturers of all sizes to contribute to and learn from.

Read more at 3DPrint.com

Enerpoly secures $8.4M grant for world's first zinc-ion battery megafactory

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Enerpoly


Zinc-ion battery company Enerpoly announced it has been awarded an $8.4 million three-year grant from the Swedish Energy Agency, to establish the world’s first megafactory to manufacture zinc-ion batteries. The manufacturing plant named ‘Enerpoly Production Innovation Center (EPIC) is the first of its kind, with a final capacity throughput of 100 MWh annually.

Enerpoly’s battery technology, characterised by its non-flammable and non-explosive properties, is well-suited for use in challenging applications, such as critical infrastructure and densely populated urban areas.

Read more at Tech EU

Actility Raises $17.3 Million to Lead Low-Power IoT Market Surge and Drive Sector Consolidation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Actility


Actility, a French company recognised as a global leader in low-power industrial IoT connectivity solutions, is announcing today a funding round of $17.3 million. This new financing will consolidate its leadership position in the global LPWAN (Low-Power Wide Area Networks) market as it enters a phase of accelerated growth.

Read more at PR Newswire

Robotics-as-a-Service Startup Instock Announces New Funding Led by Amazon Industrial Innovation Fund

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Instock, Amazon, OneWay Ventures, Lux Capital


Instock Inc, an innovator in customer fulfillment robotics, announced that it raised $3.2M in new funding, led by Amazon Industrial Innovation Fund – these new investments bring Instock’s Seed financing to a total of $6.2M. Instock’s Seed round was co-led by OneWay Ventures and Lux Capital, and funding participation also includes Commerce VC, u.ventures, Cybernetix Ventures and other investors active in the robotics and eCommerce ecosystem. With the new funding, Instock continues on its plans to democratize automation of storage and retrieval systems (ASRS) using gravity-defying robots. In January 2024, Instock will launch its first production system with a tech-forward 3PL in North America.

Read more at Business Wire

PragmatIC Semiconductor Secures $80 Million Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: PragmatIC Semiconductor


PragmatIC Semiconductor, a world leader in flexible electronics, is proud to announce that it has secured $80 million of Series C funding. This scale-up investment will be used to build a second FlexLogIC fab in the North East of England, to meet the growing demand for ultra-low-cost flexible integrated circuits (FlexICs) for the Internet of Everything, and strengthening the position of the UK in its ambition to be a leading designer and manufacturer of next generation semiconductors.

“This successful Series C round is a testament to the potential for our technology to enable trillions of smart items and address key UN sustainable development goals,” said Scott White, CEO of PragmatIC Semiconductor. “Our FlexLogIC-002 fab will deliver significantly higher capacity than our first line, whilst still maintaining our signature ultra-low capex, fast production cycle time and minimal carbon footprint. In addition to supporting our continued commercial ramp, it provides a template for rolling out a distributed global network of FlexLogIC systems, offering a Fab-as-a-Service (FaaS) for dedicated production on major customer sites to enable efficient and secure semiconductor supply chains.”

Read more at Business Wire

Ecopol Announces Strategic Investment in JRF Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ecopol, JRF Technology


Ecopol S.p.A. (“Ecopol”), a leading developer and producer of innovative biodegradable films and delivery systems, announced today it has completed a strategic investment in JRF Technology LLC, a leading developer of water-soluble polymer and edible film technology.

Founded in 2007 and based in Tampa, Florida, JRF is an innovation and R&D organization focused exclusively on water-soluble polymer and edible film technology. From its state-of-the-art GMP laboratory, JRF provides innovation services to clients ranging from leading multinational consumer goods companies to innovative start-ups. The Company has unique expertise in product development and process technology to convert water-soluble polymers into value-added commercial products. JRF will continue to be led by President James Rossman and Managing Director Richard Fielder and will serve as Ecopol’s U.S. R&D Center of Excellence, complementing its R&D capabilities in Italy.

Read more at Business Wire

Air Space Intelligence Secures $34M Series B Financing Led by a16z

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Air Space Intelligence, Andreessen Horowitz


Air Space Intelligence (ASI), a modern aerospace company addressing the software crisis across commercial and government sectors, announces the completion of a $34 million Series B funding round. This significant financial injection, achieved in less than three weeks, reflects strong support from new investor Andreessen Horowitz (a16z) and existing investors, including Bloomberg Beta, Renegade Partners, and Spark Capital. The allocated funds will strategically support the company’s continuous growth, foster innovation, and solidify its presence in the government sector.

ASI pioneers the development of AI-powered air operations systems to monitor and optimize flights, offering a decision advantage from the air operation center to the dynamic environment of the flight deck. The company is committed to rendering the National Airspace System (NAS) secure, safer, and more efficient for all stakeholders. ASI’s capability to rapidly field and operationalize mission-critical functionalities sets it apart in an era where legacy systems are faltering and struggling to scale to support new levels of operational complexity.

Read more at Globe Newswire

Invert raises €2.5m in additional funding as it eyes fresh expansion

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Invert Robotics, Business Venture Partners


Dublin-headquartered Invert Robotics has raised a further €2.5 million in investment to help grow its new research and development function in Dublin. The latest round, which is in addition to a previous €10 million investment raised last year, was led by Irish EIIS fund Business Venture Partners (BVP) and US investor TechNexus Venture Collaborative.

Invert, which is chaired by former Aryzta chief executive Kevin Toland, uses robotics for non-destructive, high-precision inspections and testing in assets that are in dangerous or difficult to reach environments. Equipped with high-definition cameras and sensor technology to ensure scientific, accurate analysis of assets, clients can increase safety, reduce costs and speed up inspection times.

The robots can be used to inspect wind turbine blades both on and offshore, examine industrial scale tankers and spray dryers used to produce milk powder, coffee, vitamins and animal feed. Its clients include Danone, Lactalis, Heineken, Milei and DMK.

Read more at Invert Robotics News

Pragmatic Semiconductor secures £182m ($231m)

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Pragmatic Semiconductor, M&G, UK Infrastructure Bank


Pragmatic Semiconductor, the world leader in manufacturing flexible integrated circuits, today announced that it has completed a first close of its Series D funding round, securing an investment of £162m ($206m). M&G’s Catalyst and UK Infrastructure Bank co-led the funding round.

The investment will enable Pragmatic to accelerate its expansion plans in the UK to meet the growing demand for its unique technology from customers worldwide. This includes building its 3rd and 4th fabrication lines at its Pragmatic Park facility in Durham.

Read more at Pragmatic Semi News

MaintainX Makes Equipment and Regulatory Downtime a Thing of the Past With $50M in New Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: MaintainX, Bain Capital


MaintainX, the leading maintenance and frontline work execution platform, announced $50M in Series C funding led by Bain Capital Ventures (BCV) with participation from existing investors Bessemer Venture Partners, Amity Ventures, August Capital and Ridge Ventures. Other strategic new investors include Jeff Immelt the former CEO of GE, Jeff Lawson the CEO of Twilio, Steve Pagliuca a Senior Advisor to Bain Capital, Rob Bernshteyn the CEO of Coupa Software, Chris Comparato the Chairman and CEO of Toast, and Allison Pickens the former COO of Gainsight. The new capital will accelerate the MaintainX feature roadmap, with additional AI-driven predictive capabilities and data-driven functionality. Following the company’s Series B in June 2021, this investment brings total funding to $104 million while achieving a valuation of $1 billion.

Read more at Business Wire

Gecko Robotics Raises $100 Million to Extend its Series C Funding Enabling Major Growth in its Defense Business

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Gecko Robotics


Gecko Robotics, the industry leader in using AI-powered software and advanced robotics to maintain and build the world’s most important physical infrastructure, announced an extension of its Series C funding round bringing the total Series C raise to $173 Million.

As part of the extension, Gecko is adding representatives from US Innovative Technology Fund (USIT) and Founders Fund to its corporate board. The addition of Founders Fund and USIT, both well-known investors in the defense technology space, comes on the heels of last week’s announcement that Gecko will help the U.S. Navy increase the speed of the manufacturing process for the $132 Billion Columbia-class Sub program.

Read more at Business Wire

Ionomr Innovations closes USD$20M Series A-4 Financing with broad industry participation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ionomr Innovations, NGIF Cleantech Ventures, Pallasite Ventures, Shell, Chevron, Asahi Kasei, Samsung


Ionomr Innovations Inc., developer and manufacturer of breakthrough, foundational polymer and membrane technologies for next-generation hydrogen applications, has closed a US$20 million Series A-4 funding round with returning lead investors NGIF Cleantech Ventures and Pallasite Ventures supported by Shell Ventures, Chevron Technology Ventures and Finindus, and joined by N.V. Bekaert, Asahi Kasei, Samsung Ventures and SAIC Capital.

The funding will allow Ionomr to further scale its ion-exchange membranes and polymers, Aemion® and Pemion®, that are fundamental to accelerating the hydrogen economy – from production of H2 gas and chemicals through electrolysis to efficient use of hydrogen in fuel cells. Ionomr’s superior materials can make more efficient, cost-competitive solutions possible, including eliminating expensive precious metal requirements from hydrogen production, CO2 electrolysis and supporting higher-temperature fuel cell solutions.

Read more at PR Newswire

Cambium Announces Close of its $19 Million Series A Financing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cambium, 8VC


Cambium, an advanced materials innovator for defense and other high-performance fields, announced a $19 million Series A funding round today. 8VC led the round, with participation from Veteran Ventures, GSBackers, Marlinspike, MVP Ventures, Gaingels, Kern Venture Fund, Jackson Moses (Founder, Silent Ventures), Vertical Capital, and select angel investors. DLA Piper provided legal counsel to Cambium on the transaction.

This Series A round enables Cambium to build out staffing and R&D, rapid discovery-to-field demonstrations, and pilot-scale manufacturing. Each of the above will accelerate the development of its product pipeline, such as the advancement of next-generation Thermal Protection Systems (TPS) for defense tech and commercial applications.

Read more at PR Newswire

ClimateCrete Inc. announces close of $3.3 million series A funding round led by Capital K

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ClimateCrete, Capital K


Sustainable construction aggregates startup ClimateCrete Inc. announced today the close of a $3.3 million series A funding round led by Capital K, a Silicon Valley VC firm specializing in deep tech startups, and joined by KAUST Innovation Ventures, the venture arm of Saudi Arabia’s King Abdullah University of Science and Technology (KAUST).

ClimateCrete makes concrete production sustainable and more climate friendly thanks to a patent-pending technology that uses abundant local sand, instead of increasingly scarce imported sand, in a formulation that requires less cement, the main source of concrete’s CO2 footprint. Compared to conventional concrete, ClimateCrete™ has a significantly reduced carbon footprint and costs no more than comparable products.

Read more at PR Newswire

X-energy Finalizes $235 Million Series C Financing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: X-energy, Ares Management Corporation


X-Energy Reactor Company, LLC, a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, announced that it has completed its Series C financing round with an additional $80 million from Ares Management Corporation and X-energy Founder, Kam Ghaffarian. This additional $80 million brings the total capital raised in the Series C financing round to $235 million, including anticipated conversions of certain of the Company’s outstanding convertible notes. Previous investors in the Series C financing round include Ontario Power Generation, Curtiss-Wright Corporation, DL E&C, and Doosan Enerbility.

Read more at X-energy News

Machinery Partner Raises $11M to Serve the Builders of America

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Machinery Partner, Armory Square Ventures


Machinery Partner, a company offering novel procurement, financing, and support for builders and contractors needing heavy machinery, announced it raised $8M in Series A financing led by Armory Square Ventures and joined by Pritzker Group, two venture funds with expertise in the industrial tech world. RiverPark Ventures and Contour Venture Partners also participated in the round alongside numerous B2B marketplace founders. Pacific Western Bank provided an additional $3M in venture debt and the company raised follow-on from previous investors Euclid Ventures, One Way Ventures and Techstars Ventures. On a mission to enable the builders of the U.S. to improve local communities, this funding will equip Machinery Partner to further expand across the country and become the go-to destination for heavy equipment manufacturers to sell to construction, agriculture and recycling companies.

Read more at Business Wire

Polaris Electro-Optics, Inc. Raises Seed Round to Revolutionize Optical Interconnects

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Polaris Electro-Optics, Rhapsody Venture Partners


Polaris Electro-Optics, Inc., a Colorado-based company, announced the successful completion of its over-subscribed Seed financing round, resulting in an investment of $3M. Polaris leverages patented material and design innovations to offer the highest speed, most energy efficient integrated photonics products to the communications and computing industries. The funding round was led by Rhapsody Venture Partners and garnered support from new investor Buff Gold Ventures as well as pre-seed investor, M Ventures. As part of this milestone, Bernard Lupien of Rhapsody Venture Partners will join Polaris’ Board of Directors.

Read more at PR Web

Extropic raises $14.1M to build ‘physics-based computing’ hardware for generative AI

📅 Date:

✍️ Author: Maria Deutscher

🔖 Topics: Funding Event

🏢 Organizations: Extropic, Kindred Ventures


Extropic, a hardware startup led by former members of Alphabet Inc.’s quantum computing research team, announced that it has raised $14.1 million in seed funding. Kindred Ventures led the investment. It was joined by HOF Capital, Julian Capital, Marque VC, OSS Capital, Valor Equity Partners and Weekend Fund. Extropic says the round also saw the participation of more than a dozen other backers, including executives from Adobe Inc., Shopify Inc. and several venture-backed artificial intelligence startups.

It’s believed Extropic is building a chip optimized to run large language models, or LLMs. In a blog post, Verdon described the company’s technology as a “novel full-stack paradigm of physics-based computing” and detailed that it harnesses “out-of-equilibrium thermodynamics.” This hints that Extropic’s chip design incorporates concepts from non-equilibrium thermodynamics, an emerging branch of physics focused on studying phenomena such as chemical reactions.

Read more at Silicon Angle

Nth Cycle Closes $44 Million in Series B and Non-Dilutive Financing to Scale Clean Critical Metal Refining Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Nth Cycle, VoLo Earth Ventures, Caterpillar


Nth Cycle, the innovative critical metals refining company, has closed $37 million in Series B and an additional $7 million in non-dilutive financing, led by VoLo Earth Ventures, a Colorado-based venture firm focused on climate solutions; MassMutual through the MM Catalyst Fund I, which invests in rural-based and Black-led businesses based in Massachusetts; Caterpillar Venture Capital Inc., a wholly-owned subsidiary of Caterpillar Inc., the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives; and Equinor Ventures, the venture capital arm of Equinor, a multinational energy company. Nth Cycle recently received two Department of Energy awards including $3 million from the Advanced Materials & Manufacturing Technologies Office (AMMTO) to drive the innovation required to strengthen America’s competitiveness in a global net-zero economy.

Nth Cycle’s patented Electro-Extraction technology replaces conventional and energy-intensive pyrometallurgy, also known as smelting, with a clean and modular refining system, aptly named The Oyster. Nth Cycle partners with industrial scrap recyclers, miners, and original equipment manufacturers (OEMs) to take a variety of feedstocks, including black mass, primary ore concentrates, and waste streams and refines them into metal products for the domestic clean energy economy.

Read more at PR Newswire

AM Batteries Closes $30M Series B led by Toyota Ventures to Accelerate the Commercialization of its Dry Battery Electrode Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: AM Batteries, Toyota, Porsche, Asahi Kasei


AM Batteries, a pioneer in the field of lithium-ion dry-electrode technologies, today announced it closed a $30M Series B in an oversubscribed funding round led by Toyota Ventures. New investment combines strategic corporate support from Porsche Ventures and Asahi Kasei, with financial investment from RA Capital Management - Planetary Health, Wilson Sonsini, and Industry Ventures. The round also includes existing investors such as Anzu Partners, TDK Ventures, Creative Ventures, Doral Energy-Tech Ventures, Foothill Ventures, and Zeon Ventures.

As more sustainability-focused gigafactories dot the world in places like Asia, Europe, and the United States, efficiencies in battery manufacturing are paramount. With strong commercial traction from tier-one battery producers, AMB’s funding from a robust set of strategic and financial investors will help the company develop and drive the commercialization of dry powder coating technology and equipment for low-cost lithium-ion battery manufacturing.

Read more at PR Newswire

Braincube raises €83 million of growth equity investment from Scottish Equity Partners and Bpifrance - Braincube

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Braincube, Scottish Equity Partners, Bpifrance


Braincube, a market-leading manufacturing data software platform with specialist industrial applications, has raised €83 million of growth equity investment. The investment was led by Scottish Equity Partners (‘SEP’).

Braincube’s Industrial Internet of Things (‘IIoT’) platform helps manufacturers increase their profits using data insights to improve quality, productivity, and sustainability in their factories. Production line optimisations, resulting from Braincube’s use-case driven framework and proprietary AI, have already saved customers more than $10 billion, and have reduced carbon emissions by 2.5 million tonnes.

Braincube’s customer base spans several Manufacturing verticals, with a particular specialism in the food and beverage, pulp and paper, building materials, and tires and plastics sectors. Customers include leading global manufacturing companies such as Bridgestone and International Paper.

Read more at Braincube Resources

Retrocausal Raises Oversubscribed $5.3M Round to Meet Increased Demand for its Generative AI Manufacturing Assembly Optimization Solution

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Retrocausal, Glasswing Ventures, One Way Ventures, Indicator Ventures


Retrocausal, a leading platform provider for manufacturing process management, today announced a $5.3M financing round co-led by Glasswing Ventures, One Way Ventures, and Indicator Ventures, along with participation from existing investors Argon Ventures, Differential Ventures, Ascend Vietnam Ventures, Incubate Fund US, SaaS Ventures, Hypertherm Ventures, Stage Venture Partners, and Techstars.

Funding will be used to meet the increased market demand for its proprietary generative AI technology, Retrocausal’s Kaizen Copilot software for Manufacturing Assembly Optimization. Retrocausal’s solution simplifies manual assembly operations and the underlying processes to empower the low-skilled workforce to take on high-skill manufacturing jobs. Retrocausal’s Copilot software allows an untrained worker to become productive on a new process within five minutes and deliver the productivity and quality of someone who has had months of training, resulting in 25% greater First Time Yields (FTY) and 90% less assembly-related scrap costs.

Read more at Globe Newswire

Mytos Announces $19M Series A Funding to Automate Human Cell Manufacturing and Further Accelerate Growth

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Mytos, Buckley Ventures


Mytos, an innovative leader in automated cell manufacturing, announced today it has closed $19M in Series A financing led by Buckley Ventures, with participation from IQ Capital and Wing VC.

The funding will accelerate the manufacturing and distribution of Mytos’ automated cell production system to more biotech and pharma companies to meet growing demand. The company’s platform is already in use by a number of life sciences companies globally. Mytos also has plans to expand its sales and development team

Read more at Business Wire

Ursa Major Raises $138 Million to Introduce Solid Rocket Motor Line and Scale Rocket Propulsion for Space and Hypersonic Applications

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ursa Major, Eclipse Ventures, Raytheon


Ursa Major, America’s leading privately funded company focused solely on rocket propulsion, today announced that it closed $138 million in its Series D and D-1 funding rounds. The investments were led by Explorer 1 Fund and Eclipse, and include RTX Ventures, funds and accounts managed by BlackRock, Exor Ventures, Mack & Co., LLC, XN, and other institutional shareholders.

With this investment, Ursa Major will continue to develop Lynx, the company’s innovative new solid rocket motor (SRM) program, while scaling production capacity and advancing multiple propulsion programs. While the initial Series D round was completed earlier in the year, Ursa Major extended fundraising to include a Series D-1 round due to strong interest in accelerating development on several future programs.

Read more at PR Newswire

Immensa raises $20 million in latest funding round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Immensa, Global Ventures


Immensa, MENA’s largest additive manufacturing startup, obtained $20 million to continue its expansion in a new funding round led by Global Ventures, MENA’s leading venture capital firm. Other participants included new investors, Endeavor Catalyst Fund and EDGO, and existing investors, Energy Capital Group (ECG), Shorooq Partners, and Green Coast Investments. This funding round marks Immensa’s first fundraising effort since its $7 million Series A round in 2021.

The proceeds from the latest round led by Global Ventures will help expedite Immensa’s global expansion, transforming it from a regional player into a global solution provider as it builds the largest digital warehouse in energy via its proprietary technologies. The company will invest further in its exclusive software, a technology platform solution called DIS RT, and augment its artificial intelligence (AI) tools.

Read more at Voxel Matters

Unchained Robotics raises €5.5 M to unlock the future of automation

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Unchained Robotics, Future Industry Ventures


Unchained Robotics advanced its goal to make plug-and-play robotics accessible in industry with a €5.5 million raise. It brings the company’s funding to €7.7 million. Robotics and automation technology can support and compensate for the lack of skilled workers. However, for German SMEs in particular, automation technology is often too high a barrier to entry. Unchained Robotics wants to change this with its simple, transparent, independent automation solution. Unchained Robotics offers plug-and-play automation solutions that can automate logistics and metalworking processes in factories within a few hours.

Future Industry Ventures, a joint venture between SBI Holdings and Redstone, led the round. Unchained Robotics aims to use the investment to expand its sales and services and to serve the booming demand for its new MalocherBot into a broader range of applications.

Read more at Tech EU

Inflow: Vietnamese Startup Revolutionizes Fashion Industry with $2M Funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Inflow


Inflow, a Vietnamese fashion supply chain platform, aims to further revolutionize the country’s textile and garment industry. The startup company recently received $2 million in seed funding, aiming to further assist Vietnamese small fashion brands bring their designs to life. With the new funding, Inflow aims to further develop its technology, driving significant changes in the Vietnamese fashion industry.

Inflow steps up as a mediator between small garment brands and manufacturing partners. The Vietnamese startup designs a revolutionary platform, allowing small brands to join the manufacturer’s supply chain. Additionally, it connects these brands with manufacturers who can handle smaller garment production quantities. This allows them to actively engage in Vietnam’s design-to-production process.

Read more at Asia Tech Daily

ADIONICS, the cleantech pioneer in eco-friendly lithium extraction, secures $27 million in Series B funding

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ADIONICS, SQM, Bpifrance


With its unique eco-friendly liquid-liquid direct lithium extraction (DLE) process, ADIONICS has once again captivated investors, raising $27 million in its Series B funding round. Adionics’ historical stakeholders took part in this operation, along with newcomer strategic investor SQM, a mining leader in lithium production from brines. This move is supported by returning investors, including Bpifrance, via the PSIM funds managed on behalf of the French state as part of the France 2030 program, Supernova Invest, Céleste Management and Ovive, who are reaffirming their trust in Adionics.

Founded in 2012, Adionics has been developing a DLE process that improves global lithium production. This technology not only increases the productivity of lithium mining but also streamlines the associated value chain and allows a significant reduction of the overall environmental footprint of Li-ion battery manufacturing and the recycling industry. Adionics is confirming its ambition to become the leader in DLE technologies.

Read more at PR Newswire

PhysicsX raises €29.2M to reinvent AI and simulation engineering technologies

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: PhysicsX, General Catalyst


London-based PhysicsX, a deep-tech startup building artificial intelligence(s) to power engineering, has secured $32M (approximately €29.2M) in a Series A round of funding. The investment was led by General Catalyst. The round also saw participation from Standard Investment, NGP, Radius Capital, and KKR co-founder and co-executive chairman, Henry Kravis. PhysicsX plans to expedite its growth in customer delivery, product development, and fundamental research.

The startup uses generative AI to facilitate groundbreaking engineering solutions across various advanced industries such as automotive, aerospace, renewables, and materials production.

Read more at Silicon Canals

NexPoint Capital Inc. Announces $2M Investment in Early Growth Funding Round for Bioplastic Manufacturing Company PlantSwitch

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: PlantSwitch, NexPoint Capital


NexPoint, a multi-billion-dollar alternative investment firm, today announced its investment of $2M in the early growth funding round of PlantSwitch, a bioplastics manufacturing company with a carbon negative production process that upcycles agricultural waste to produce biodegradable and compostable resins for single-use products. The investment is part of a total $7.7M raise in this early fundraise round, to which other institutional investors, along with NexPoint, subscribed.

PlantSwitch’s mission is to “to replace all petroleum-based single-use plastic with plants” by manufacturing and distributing its uniquely compostable bioplastic resin. PlantSwitch’s manufacturing process utilizes agricultural waste products such as rice husks, wheat straw, and other cellulose rich byproducts in combination with a polymer to make sustainable bioplastics while upcycling agricultural waste.

Read more at PR Newswire

Monterra Raises $2.5M Series Pre-Seed to Accelerate EV Charging Design & Planning

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Monterra Technology, Base10 Partners


Monterra, a software company automating the design and planning of EV charging installations, has raised a $2.5M Pre-Seed round. The company will leverage the funds to accelerate its work of speeding up the deployment of EV charging installations with automation and AI. The round was led by Base10 Partners, and with participation from Future Climate Venture Studio, Very Serious Ventures, and a handful of other angel investors, including some of Monterra’s early customers.

Monterra is building design & proposal software for EV charging installers. By using Monterra to build virtual estimates in a matter of minutes, installers reclaim many hours wasted on manual work and win more sales. Monterra also helps installers digitize the on-site data collection process with its mobile app. Since their launch in August, Monterra has onboarded a number of electrical contractors and EV charging providers onto its platform.

Read more at PR Newswire

Secondmind expands strategic partnership with Mazda to accelerate vehicle design and development through advanced AI

📅 Date:

🔖 Topics: Funding Event

🏭 Vertical: Automotive

🏢 Organizations: Secondmind, Mazda


Secondmind announced today the expansion of its long-standing strategic partnership with Mazda to drive AI-fueled innovations that address the increasing engineering complexity in automotive design and development. The extended partnership centers around R&D and the commercial deployment of solutions that support systems engineering and validation processes, with the goal of unlocking time and cost efficiencies through increased virtualization in design and development, and a sharp focus on strategic applications with high complexity barriers to overcome.

As a key element of the expanded relationship, Mazda joined a new $16 million funding round in Secondmind alongside existing Secondmind investors Amadeus Capital, Atlantic Bridge Ventures, and Cambridge Innovation Capital, signalling strong support for Secondmind leadership, innovative Active Learning technology, product differentiation, and the company’s opportunity in the automotive sector.

Read more at Globe Newswire

ZeroAvia announces completion of $116m Series C funding round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ZeroAvia, Airbus


ZeroAvia today announced that it has completed its Series C funding round at a total of $116m. The UK Infrastructure Bank joins the round as a cornerstone-level investor alongside co-leads Airbus, Barclays Sustainable Impact Capital and NEOM Investment Fund (NIF) as announced in September, with the Series C round set to accelerate the company’s journey to certification of its first engines and advance R&D that will scale the clean propulsion technology for larger aircraft.

Read more at PR Newswire

Milan-based Planet Farms bags €36.6M for its vertical farming expansion in Italy and the UK

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Planet Farms


Milan-based Planet Farms, a vertical farming company, announced recently that it has secured $40M (approximately €36.6M) at $500M valuation in a fresh round of funding, bringing its total fund raised to $140M (approximately €128.3M).

The latest capital infusion will help the Italian company to expand its operations into Italy and the UK. Planet Farms will use the funds to complete its new facility in Cirimido, Italy, which will be operational by the end of summer 2024. The capital will also help the company’s entry into the UK market, where it is starting to commercialise its product through retailers, paving the way for the construction of the new facility in northern London, which will be operational in Q2 2025.

Read more at Silicon Canals

Expedition Growth Capital and EIFO invest $16 Million in Factbird to boost international growth

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🔖 Topics: Funding Event

🏢 Organizations: Factbird, Expedition Growth Capital, EIFO


The Danish tech company Factbird, which supplies intelligent, cloud-based technology for the optimization of manufacturers production lines, has once again landed a large multi-million dollar investment. This time, it is USD 16 million. The money comes from the English capital fund Expedition Growth Capital and Denmark’s Export and Investment Fund, EIFO. The funds will help Factbird’s international expansion after its 2021 separation from consulting firm Emendo Consulting Group as an independent tech company.

Factbird has grown by 300% since 2021. The customer portfolio today counts more than 250+ companies within the pharmaceutical, packaging, industrial equipment and devices, and food and beverage industries across the key markets in the Nordics, USA, Germany, and England.

Read more at Business Wire

EACON Mining Technology Secures $55.22M in Funding to Propel Autonomous Haulage Solutions

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: EACON Mining Technology, Richen Capital


EACON Mining Technology, a frontrunner in autonomous haulage solutions (AHS), has successfully closed its C round of equity funding, securing an impressive sum of approximately $55.22 million. Spearheaded by Richen Capital, with significant contributions from Shenyin&Wanguo Capital Management and existing investors like ESTAR Capital, this investment brings EACON’s total financing for 2023 to around $62.13 million.

The substantial backing reflects investor confidence in EACON’s capabilities for large-scale deployment of its AHS product. EACON now has 304 autonomous trucks in operation, with a total of 4.2 million kilometers driven autonomously and an impeccable safety record upheld for over five years. Alongside autonomy, EACON has developed the EACON 136, a hybrid electric + Drive-by-wire platform. A vehicle manufacturer partner produced and delivered 225 autonomous trucks, EL100, equipped with this platform, achieving up to 30% in maximum fuel savings.

Looking forward, with an office established in Perth, Australia, EACON is poised to broaden its presence in additional overseas markets. The commitment remains strong to deliver to a safe, intelligent, and sustainable future for the global mining industry.

Read more at PR Newswire

London-based Generative Engineering raises €4 million to supercharge engineers with impact-efficient tools

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🔖 Topics: Funding Event

🏢 Organizations: Generative Engineering, EQT Ventures


Generative Engineering, a London-based software company on a mission to vastly improve the overall efficiency of physical engineering, has successfully closed a €4 million pre-seed round led by EQT Ventures with participation from Join Capital.

Generative Engineering offers a unique platform that allows engineers to create and run models that generate and test thousands of different engineering designs, all within a fraction of the time these processes take today. This parallel engineering, pioneered by the company, has the potential to radically decrease product development time, allowing innovative solutions within energy, decarbonization, agriculture, mobility and more to reach the market much faster. This platform forms the centerpiece of the modern engineering software stack.

Read more at EU Startups

Texray successfully closes €4M

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Texray, Industrifonden


Texray a pioneer in radiation protection solutions, is pleased to announce the successful completion of a SEK 45 million ( approximately €4M) investment round led by Industrifonden and supported by private investors at Impilo. This round significantly exceeded expectations, highlighting the robust investor interest in Texray’s innovative technology.

Texray develops cutting-edge radiation protection solutions for healthcare professionals facing high radiation exposure during x-ray-guided surgical procedures. Current protection gear often leaves vulnerable areas exposed, increasing the risk of radiation-related health issues. Texray’s groundbreaking technology provides the highest level of protection while prioritizing the comfort of OR/Cathlab staff. With CE/FDA registrations and several global regulatory approvals, Texray is revolutionizing Personal Protective Equipment (PPE) in key markets, addressing a critical gap in radiation protection.

Read more at Texray News

£23M investment secured by spin-out Advanced Electric Machines

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Advanced Electric Machines, Legal General Capital, Newcastle University


Advanced Electric Machines (AEM), a leader in sustainable motor manufacturing primarily for the automotive industry, announces it has secured £23 million of new investment. The funding will be used to scale up production capacity at its facility in the North East, deliver on ambitious growth plans to establish a global sales footprint, and bolster R&D capabilities. The Series A funding round was led by Legal & General Capital and Barclays Sustainable Impact Capital with significant additional investment from Par Equity. Other investors included Northstar Ventures, the Low Carbon Innovation Fund 2 and Turquoise Capital LLP.

AEM’s motor technologies remove the need for polluting rare earth metals in electric vehicle (EV) motors, the production and processing of which is concentrated in China. By eliminating rare earth permanent magnets, costs as well as reliance on geographically concentrated supply chains are reduced, and recyclability and environmental footprint of the motor is significantly improved.

Read more at Newcastle University News

ECOR Global Inc. Secures Funding from Phalanx Impact Partners to Accelerate Capital Projects

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: ECOR, Phalanx


Phalanx Impact Partners (“Phalanx”), a US-based impact driven private equity firm, today announced they have made an investment in ECOR Global Inc. (“ECOR” or “the Company”), an emerging leader in the manufacture of sustainable materials and circular solutions for the building products and packaging markets. This investment underscores Phalanx’s mission to support businesses that drive positive environmental and social impact

Headquartered in San Diego with facilities in the Netherlands and Serbia, ECOR’s proprietary technology converts agricultural waste and select by-products into sustainable building and packaging materials without the use of toxic binders, such as commonly used petroleum-based glues or urea formaldehyde. As a result, all ECOR’s products are fully recyclable, and their marquee product, ECOR-Ply, is the world’s first fully recyclable plywood that meets all building industry standard specifications. ECOR-Ply panels can be used by customers across various applications including flooring, cabinetry, furniture, general construction, retail displays, store fixtures, interior architectural elements, secondary packaging and more. To expand product availability in North America, ECOR is developing a site in the Corpus Christi, Texas region for easy access to agricultural resources and their manufacturing and distributor customers and evaluating other U.S. locations.

The Phalanx funding marks an important milestone for ECOR as the company prepares for a significant increase in production capacity and distribution of its proprietary materials solutions. With the Phalanx investment, ECOR will further accelerate the pre-construction design and commercial work related to its first U.S. facility, expand its Serbian operations, and enhance its capabilities to develop cutting-edge materials and solutions that address pressing global challenges related to resource depletion and environmental degradation.

Read more at Business Wire

Xerion: Out Of Stealth Mode With A Major Battery Breakthrough

📅 Date:

✍️ Author: Erik Kobayashi-Solomon

🔖 Topics: Funding Event

🏢 Organizations: Xerion, University of Illinois


Xerion’s founders—world leaders in the fields of nanotechnology and materials sciences—have discovered a process that makes the already “pretty good” technology of lithium-ion batteries even better, all while massively cutting the cost and carbon footprint associated with the entire supply chain.

Xerion believes its technology will allow it to procure and refine essential battery component materials almost exclusively from domestic sources, manufacture lithium-ion batteries with stunning improvements over current offerings and cut the carbon footprint both of manufacturing and recycling in a big way. All this while invigorating domestic manufacturing supply chains in areas that were once thriving but now tend to be sniffed at as “fly-over country.”

Xerion has raised $65 million in funding, mostly through high-net-worth individuals and family offices (including the family office of a former governor of the company’s original home state of Illinois). It is now pushing to fund its first commercial production with a plant in Dayton, Ohio on the heels of a major recognition from the U.S. Department of Energy.

Read more at Forbes

Estonian clean energy production startup Efenco raises €4.5M for its 'fire on turbocharge' technology

📅 Date:

✍️ Author: Dan Taylor

🔖 Topics: Funding Event

🏢 Organizations: Efenco, European Innovation Council


Efenco, a Tallinn-based deeptech become cleantech startup, has raised €4.5 million to further develop its “fire on turbocharge” technology. The capital provided is a combination of €1.3 million led by Ivo Remmelg for EstBAN Syndicate and €3.2 million in grant funding from the European Innovation Council and Estonia’s Archimedes Foundation.

Where Efenco steps into the picture is not through offering a new renewable, but by dramatically increasing the efficiency of existing technology. Using cold-plasma assisted combustion technology, Efenco says that its solution can (eventually) improve the combustion efficiency of natural gas by up to 40 percent and of hydrogen by up to 75 percent.

Read more at Tech EU

NTx Raises $47.5M in Series B Funding to Advance Next Generation Biomanufacturing

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: NTx, RA Capital


Nature’s Toolbox, Inc. (NTx), a life sciences company building next generation platforms to manufacture RNA and protein, announced today that it has raised $47.5M in Series B financing. Led by RA Capital Management, the investment will fuel the advancement of the company’s biomanufacturing platforms, NTxscribe® and NTxpress®. Acceleration of these technology foundations will enable distribution of manufacturing capabilities globally, ultimately providing solutions to prepare for future pandemic events, personalized medicine therapy, and increased access to critical vaccines and medicines.

“This financing will help us work toward our mission of delivering innovative biomanufacturing solutions designed to manufacture therapeutics in a more rapid, accessible, and sustainable way. This was also the largest Series B round raised by a New Mexico life sciences company in recent history,” said Jamie Coffin, Ph.D., CEO of NTx. “We are thrilled to have RA Capital Management lead the round. This major commitment and the addition of Peter Kolchinsky, Ph.D. to our Board of Directors will accelerate NTx’s technology development and commercial penetration with leading biopharma, healthcare, and government entities.”

Read more at Business Wire

Boréas Announces $12M in Series B Funding and Expands Management Team

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Boréas Technologies


Boréas Technologies closed a US$12M Series B financing round. The company will use the capital to accelerate the high-volume production of its ultra-low-power piezo haptic semiconductors in mobile, PC and automotive applications. The company also added two members to its executive team: Todd Whitaker, vice president of products and strategy; and Hans Tian, vice president of sales.

Read more at PR Web

AireXpert Secures $3 Million Oversubscribed Investment Round Led by Reformation Partners

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: AireXpert, Reformation Partners


AireXpert, a leading provider of aerospace and aviation collaboration and automation solutions, is thrilled to announce the successful closure of a $3 million oversubscribed investment round. This funding, led by Miami-based growth equity firm Reformation Partners, marks a significant milestone for AireXpert as it continues to redefine the landscape of technology for airlines and MRO (Maintenance, Repair & Overhaul) organizations.

Read more at Business Wire

HALIO, the Industry’s Leader in Smart Glass Technology, Raises $70M from Korea’s SKC to Impact the Environment and Energy Savings

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: HALIO, SKC


HALIO, designer of the world’s fastest, most beautiful, eco-friendly, and technologically advanced electrochromic (smart) glass, and SKC Ltd., a leading company in the ESG Materials Solution industry based in South Korea, today announced that HALIO has raised up to $70M in funding from SKC to further market and develop the industry’s next generation of smart glass technology, focusing on energy savings, environmental impact, and creating beautiful facades, while enabling occupant wellness and comfort.

HALIO Smart Glass enables architects to design beautiful and elegant facades, supporting building owners’ pursuit of providing occupants with the most comfortable, productive, and healthy interior environments. HALIO’s Sky Camera, tint algorithms, and control automation, coupled with the industry’s fastest switching speed (within seconds), make HALIO the only smart glass solution that truly optimizes daylight control and solar heat gain management in real-time.

HALIO’s smart glass technology reduces a building’s operational energy use by up to 22%. It decreases peak demand by 25%, which is vital in balancing overstressed power grids (Red Car Analytics - Energy Efficiency Analysis of HALIO, Nov 2019). With countries now targeting buildings as major energy users, regulations increasingly require more efficient facades. Additionally, new incentives like the U.S. Investment Tax Credit reward owners for adding energy-saving solutions like HALIO Smart Glass.

Read more at Business Wire

Launchpad.build Secures Strategic Investment From Lockheed Martin Ventures

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Launchpad build, Lockheed Martin


Launchpad.build, a cutting edge U.S.-based technology company using AI to deliver next-generation capabilities in robotics and automation, has closed a strategic funding round with an investment from Lockheed Martin Ventures, the venture arm of Lockheed Martin.

Launchpad.build is a developer of AI-powered assembly planning software and autonomous assembly systems. Typical assembly methods require a high labor component or expensive, rigid automation infrastructure that requires high-rate, repeatable production to justify financially. Launchpad.build offers a “one-manufacturing-line-for-all” future with low-cost, small-batch systems that are assembled on demand. Agile and adaptive manufacturing processes and equipment that allow for design agility and economic efficiency will be critical for U.S.-based manufacturing to stay competitive in the global market.

Read more at Business Wire

BMW i Ventures Announces Investment in German Software Company Ascon Systems.

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ascon Systems, BMW


BMW i Ventures announced today an investment in the innovative German software company Ascon Systems, which is enabling the transformation to the industrial metaverse with digital twins and low-code software solutions. With this commitment, BMW i Ventures is supporting the next stage of digital production, the potential for the industrial metaverse, and digital shopfloor management in the automotive and supplier industry. The common goal is to increase flexibility and efficiency in these important industries.

Read more at BMW Press

Element Energy raises US$111 million

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Element Energy, Cohort Ventures, Keyframe, Mitsubishi Heavy Industries


Element Energy, a Menlo Park-based Battery Management Technology company, announced the close of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P. The Series B round is co-led by one of the largest clean energy generation companies in the U.S. and Cohort Ventures.

Founded in 2019, Element has developed proprietary hardware and software algorithms applicable to both first and second life batteries to improve visualization, battery safety, and efficiency. Element’s technology is being validated on a large scale with a 50 MWh pilot project in the United States, which is expected to be completed in early 2024. Element will collect necessary data through its pilot project, obtain UL certification, and proceed to commercialize the product.

Read more at PR Newswire

Augmentus Raises Oversubscribed USD 5M Series-A Round to Bring No-Code Robotics to the World

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Augmentus, Sierra Ventures


Augmentus, a leader in no-code robotics software, has successfully raised USD 5M in Series-A funding. The round was led by Sierra Ventures, along with Cocoon Capital. The funds will be used to scale operations in the US, Europe, and Asia, meeting increasing customer demand of various industries and sizes. As part of its expansion plans, Augmentus will leverage its Augmentus System Partner (ASP) program to onboard system integrators and channel partners, focusing on high-mix and complex manufacturing. A portion of the investment will also be allocated to intensify research. Augmentus has supplied to more than 30 manufacturers worldwide, including Fortune 500 companies. The platform is compatible with over ten major robot OEMs, including ABB, Kawasaki, and Kuka.

Read more at PR Newswire

Ambyint Secures Capital to Accelerate Sustained Customer Growth

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Ambyint, Mercury, Montrose Lane, BDC Capital


Ambyint, the leading provider of AI-powered production and artificial lift optimization software for the energy industry, is pleased to announce the successful closure of its latest capital round and relocation of its head office to Calgary, Alberta. The round was led by existing investors Mercury and Montrose Lane, plus new investors BDC Capital and Accelerate Fund III. This capital will be focused on accelerating customer growth, increasing our sophisticated energy and tech talent, and optimizing product enhancements including expansion of the company’s proven emissions mitigation capabilities.

Read more at Globe Newswire

Material Impact's $352M Fund III

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Material Impact


We are excited to announce that we have raised Material Impact Fund III, an oversubscribed $352M fund that will allow us to continue building deep tech companies powered by material science innovation. These will be the companies and ideas behind the next world-changing products.

Read more at Material Impact Lab

Paris-based Stockoss secures €4 million seed to modernise warehousing and logistics in Europe

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Stockoss, Pi Labs


Stockoss, a Paris-based logistics technology startup, has raised €4 million in seed funding led by London-based VC Pi Labs. The investment signifies a major milestone in Stockoss’ mission to streamline and enhance supply chain management for companies while providing independent logistics service providers (3PLs) access to its cutting-edge technology that enables them to make better use of existing warehouse space. Additional backing was provided by Global Brain, 50Partners, Hartwood and Kima Ventures.

Read more at EU-Startups

Divergent Technologies, Inc. Announces Closing of Upsized $230 Million Series D Capital Raise

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Divergent Technologies, Hexagon


Divergent Technologies, the company that has invented, developed, and commercialized the world’s first end-to-end digital industrial manufacturing system, announced today that it has completed a Series D equity financing totaling $230 million. The round was led by a $100 million investment from Hexagon AB and included participation from new and existing institutional and family office investors.

Divergent has developed the Divergent Adaptive Production System (“DAPS™”), an end-to-end system-level replacement for traditional design, manufacturing, and assembly solutions. DAPS is a complete software-hardware production system that leverages in-house developed AI-driven generative design software to computationally engineer structures, novel materials and additive manufacturing to materialize structures, and automated fixtureless assembly to create large multi-part assemblies. Products created using DAPS are superior in performance, lower in cost, rapidly customizable to meet mission and customer-specific requirements, faster to market, and scalable on demand to high volume production.

Divergent uses this revolutionary system to supply the automotive, aerospace and defense industries with next generation products as a certified Tier 1 supplier. It has seven blue-chip automotive customers, including Aston Martin and Mercedes-AMG. Within the aerospace and defense industry, Divergent is actively working with six U.S. government contractors across a diverse range of applications.

Read more at PR Newswire

Morocco’s CloudFret closes $2.1 million round

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: CloudFret, AfriMobility, Azur Innovation Fund


In a successful move to bolster its operations, CloudFret, a transport and logistics startup, recently concluded a new funding round, securing €2 million ($2.1 million) from investors AfriMobility and Azur Innovation Fund. The startup, operational in Morocco since 2021 and extending its presence to Marseille, is poised for rapid development, with plans to double its workforce by the close of 2024. The focus of this funding round centres on the introduction of an innovative solution geared towards optimising empty truck returns, specifically targeting the intra-European market.

Established in 2021 by Driss Jabar, CloudFret initially concentrated on mitigating empty truck returns between the Mediterranean shores through an AI algorithm-driven platform connecting shippers and carriers. This mobile Software as a Service (SaaS) solution is accessible across all European carriers, freight forwarders, and shippers’ download platforms.

Read more at Wamda

Finnish startup SpinDrive raises €3.8M Series A for affordable, energy-efficient industrial bearings

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: SpinDrive, Rhapsody Venture Partners


SpinDrive, a Finnish company providing affordable active magnetic bearings for original equipment manufacturers (OEMs), has secured a €3.8 million Series A funding round. The round was led by US-based, hardware companies-focused investor Rhapsody Venture Partners, with existing investors Innovestor from Finland and Born2Grow from Germany also participating.

SpinDrive’s frictionless bearings are smaller, more energy efficient, and more affordable than its competitors. The bearings work through magnetic levitation, where there is no contact between rotating and stationary parts. No friction means no bearing maintenance for up to 20 years, even in high-speed applications, meaning high rotational speeds and energy efficiency without the risk of equipment downtime or maintenance breaks.

Read more at Tech EU

Aigen's $12M Series A Unleashes True-Solar Agriculture Robots

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Aigen, ReGen Ventures


Aigen, an AI-driven robotics company, closed $12 million in Series A financing from leading investor ReGen Ventures along with NEA, Cleveland Avenue, Incite, and Susquehanna Private Equity Investments LLLP. The funding expands Aigen’s manufacturing capacity to meet high pre-order demand and create a new agricultural era that is both sustainable and scalable.

Founded in 2020, Aigen is the only agricultural technology company developing truly solar-powered autonomous robots for crop management without chemicals or fossil fuels. The Aigen Element robots combine LTE connectivity with the cutting edge of AI, ML, solar, and battery technology to create a reliable, sustainable product that saves farmers time and money.

Read more at PR Newswire

Niron Magnetics Secures $33M from Leading Automotive Manufacturers to Meet Growing Demand for Rare Earth-Free Magnets

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Niron Magnetics, General Motors, Stellantis


Niron Magnetics, the company pioneering the world’s first high-performance, rare earth-free permanent magnets, today announced it has raised $33 million in additional funding, with new investments from leading automotive manufacturers, GM Ventures and Stellantis Ventures, and previous local investors, Shakopee Mdewakanton Sioux Community (SMSC) and the University of Minnesota (UMN), amongst other investors. This new financing will allow Niron to expand its current pilot production facilities and scale manufacturing capacity for exclusive customer programs and initial sales of its Clean Earth Magnet®.

Permanent magnets are essential components in all automobiles, fundamental to audio systems, fuel pumps, air circulation, electric vehicle (EV) drivetrains, and much more. As more cars are bought around the globe and demand surges for EVs, so does the demand for more stable and sustainable alternatives to rare-earth materials. This new round of funding will advance the commercialization of Niron’s Iron Nitride-based Clean Earth Magnets, which are environmentally sustainable, globally manufacturable, and made from stable supply inputs. Further, Niron’s alternative to rare-earth magnets promises improved temperature stability compared to other options currently available on the market, which is critical for automotive use.

Read more at Business Wire

Cognitive Design Systems raises €2 million as it looks to advance development of DfAM platform

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cognitive Design Systems


Additive manufacturing software company Cognitive Design Systems (CDS) has raised 2 million EUR in funding. Iron Hands Capital, DAA Capital Partners and SpaceFounders France all contributed to the funding round.

The company will harness the funds to boost the technological development of CDS’ Cognitive Additive Design for Additive Manufacturing (DfAM) software solution. It will also explore the expansion of the company’s geographic footprint and sales force in Europe and the United States.

Read more at TCT Magazine

Nubis Adds New Investors to Accelerate Volume Ramp of ML/AI Optics

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Nubis Communications, Ericsson, TDK Ventures


Nubis Communications, Inc. announced today it has accepted additional strategic investors, bringing total investment in the company to over $50 million. The company emerged from stealth in February 2023 with the first optical engine optimized from the ground up for the demanding requirements of Machine Learning and Artificial Intelligence (ML/AI) cluster interconnect. Nubis recently welcomed new investors Ericsson Ventures and TDK Ventures to accelerate Nubis’ transition to high volume manufacturing in 2024.

Nubis’ technology enables a new class of high-density optical inter-connect (HDI/O) supporting full-duplex edge I/O edge densities in the 1 Tbps/mm range, very low power at 6 pJ/bit or less and standard operation in Linear Drive mode enabling the elimination of optical DSPs, saving latency, cost and power. With Large Language Model sizes growing 1,000x over the past 3 years to 175 billion parameters in GPT-3 and now to over 1.5 trillion parameters in GPT-4, data center operators are struggling to build ML/AI networks large enough to perform training and inference on these models. To support the growth of these very large ML/AI clusters, which are projected to grow from 1K xPUs to 64K over the next few years, much of the interconnect inside the data center will become optical. Nubis optics create distance-independence, connecting multiple cards within a rack and multiple pods across the datacenter, so they perform as if all the processors are on the same card.

Read more at Business Wire

Frenetic to open silicon valley office after $12M Series A round for magnetic components production

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Frenetic, Kibo Ventures


Frenetic’s $12 million Series A round was led by Kibo Ventures, with existing investors 42Cap, Join Capital, Bankinter, Bonsai, and Big Sur participating in the round. The company specialises in the simulation, design, and production of high-frequency magnetic components for any and all devices that require power. With its offer, Frenetic is essentially eliminating the industry’s age-old standard of trial and error when it comes to the crucial component of all power supplies, magnetics.

Read more at Tech EU

Kvanted Ventures Launches Nordic Industrial Technology Fund

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Kvanted Ventures


Kvanted Ventures, a Helsinki, Finland-based early-stage investment firm, announced its first fund of €70m. Founded by Maria Wasastjerna, Eerik Paasikivi, and Axel Ahlström, Kvanted focuses on early-stage industrial technology startups in Northern Europe. The firm invests in both hardware and software alike, as well as service companies developing new solutions for the industrial value chain, with a focus on industrial automation, sustainability and supply chain resilience. The fund will invest in around 20 companies, with initial investments ranging from €0.5 to €3m, and a longer-than-average investment term to align with the longer development cycles in the industrial domain.

Read more at VCWire

Rockwell Automation Makes Strategic Investment in Momenta Fund

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🔖 Topics: Funding Event

🏢 Organizations: Rockwell Automation, Momenta


Rockwell Automation, Inc., the world’s largest company dedicated to industrial automation and digital transformation, today announced its investment in Momenta’s Industry 5.0 Fund, a venture capital and value creation fund that supports entrepreneurs focused on resilient, sustainable, and human-centric industrial operations, providing Rockwell early access to innovative technology that has the potential to disrupt industrial markets and increase sustainability.

Switzerland-based Momenta launched the $100 million fund in cooperation with the EU Commission to support start-up companies working to advance the Commission’s Industry 5.0 initiative. The initiative highlights research and innovation as drivers for a transition to a sustainable, human-centric, and resilient industry, moving the focus from shareholder value to stakeholder value. It puts people at the center by empowering them with information and technology to make decisions with clarity and confidence. Aimed at early growth-stage innovators driving the digital transformation of energy, manufacturing, smart spaces, and supply chains, the Industry 5.0 Fund will deliver venture capital investment and direct value-creation to entrepreneurs in Europe and North America.

Read more at Business Wire

Ensol receives €3M funding boost to make household solar energy more accessible

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🔖 Topics: Funding Event

🏢 Organizations: Ensol, Otium Capital


Ensol, a Paris start-up specialising in photovoltaic equipment, has announced that it has raised €3 million from Otium Capital. Ensol provides custom-made photovoltaic installations quickly and at competitive prices along with personalised advice, helping households choose the best sizes and solar equipment according to their needs and getting the maximum return on investment.

Raising funds from Otium Capital will enable the start-up to make solar equipment more accessible by offering solar panels via leasing schemes and also making them more cost-effective, by integrating the entire production chain (batteries, charging stations and management app), and also more sustainable thanks to the set-up of a decentralised, low-carbon Virtual Electric Hub formed by each of the houses of the owner-partners.

Read more at Tech EU

Aclarity Secures $16M in Series A Funding to Deploy Low Energy PFAS 'Forever Chemical' Destruction Solution

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🔖 Topics: Funding Event

🏢 Organizations: Aclarity, Aqualateral


Aclarity, Inc., the leader in PFAS (Per- and Polyfluoroalkyl Substances) “forever chemical” destruction, announced today the successful completion of its Series A funding round, raising $15.9 million. This funding round was led by Aqualateral, with participation from HG Ventures, Bidra Innovation Ventures, Nor’easter Ventures, MassVentures, and Burnt Island Ventures. This latest round of funding builds upon a $3.3 million Seed round secured in 2022, propelling the company into an exciting new phase of commercial expansion and innovation.

Over the last year, Aclarity has deployed mobile systems with full-scale reactors across the country to destroy PFAS chemicals continuously. This has allowed the team to successfully treat PFAS in waters ranging from low ng/Ls in tap water, all the way to landfill leachate treated by foam fractionation with PFAS concentrations of milligrams per liter, including short-chain compounds like PFBS and demonstrating real time PFAS destruction in the field.

Read more at PR Newswire

Zurich’s SkyCell raises €53.5M from M&G’s Catalyst to revolutionise pharmaceutical logistics

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🔖 Topics: Funding Event

🏢 Organizations: SkyCell


Zurich-based SkyCell, a technology company that aims to revolutionise global pharmaceutical logistics, announced that it has secured $57M (approximately €53.51M) in a fresh round of funding. The investment came from Catalyst, a part of M&G Investments’ $6B purpose-led private assets strategy.

SkyCell addresses the global challenge of safe medicine access with its Hybrid container concept. Its door-to-door solutions protect pharmaceuticals from extreme temperatures (-30°C to +70°C) and reduce the industry’s product loss due to temperature excursions.

Read more at Silicon Canals

ESG Flo, an AI-Powered Data Infrastructure Platform, Raises $5.25 Million in Seed

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🔖 Topics: Funding Event

🏢 Organizations: ESG Flo, Rho Ignition, Tola Capital


ESG Flo, an AI-powered data infrastructure platform, announced today that it has secured $5.25 million in seed capital. The funding round was co-led by Rho Ignition and Tola Capital with participation from Bain & Company and Contour Venture Partners.

Sustainability teams currently spend most of their time manually collecting data and are buried by ineffective processes, often leading to errors and a waste of time and effort. ESG Flo launched earlier this year from Bain & Company’s Founder’s Studio to help businesses create a robust, auditable ESG (environmental, social, and governance) data infrastructure. The technology leverages AI automation and deep learning to gather data spread across the organization to create reporting that complies with the EU CSRD and US SEC non-financial disclosure requirements.

Read more at PR Newswire

Shield AI Raises $200M, Reaching $2.7B Valuation

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🔖 Topics: Funding Event

🏢 Organizations: Shield AI, US Innovative Technology Fund, Riot Ventures


Shield AI, the defense technology company building the world’s best AI pilot for aircraft, today announced it has raised $200 million in Series F funding in an oversubscribed funding round. This funding, led by U.S. Innovative Technology Fund (USIT) and co-led by Riot Ventures, with participation from Cathie Wood’s ARK Invest and returning investors Disruptive and Snowpoint, values Shield AI at $2.7 billion.

Shield AI builds an AI pilot called Hivemind, which enables teams of intelligent aircraft to operate autonomously in high-threat environments on the edge, without the need for remote operators, command inputs, or GPS. The technology approach is similar to those in the self-driving car industry and its software stack is aircraft agnostic, allowing Shield AI to provide autonomy to a variety of form factors across the aerospace industry. This announcement comes on the heels of the company’s recent launch of its V-BAT Teams product. This product enables a single human operator to command a minimum of four V-BATs, generating real-time AI-driven flight paths, and exhibiting dynamic read-and-react behaviors autonomously. Except for lethal decision-making, V-BAT Teams can complete missions from start to finish without the need for an operator or pilot.

Read more at PR Newswire

Construction Tech Innovator, Brickeye, Completes Significant Investment Round

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🔖 Topics: Funding Event

🏢 Organizations: Brickeye, BDC Capital, Graphite Ventures


Brickeye, a leading construction IoT and data analytics technology company, announces the successful first closing of a $10 million investment round. The company welcomed new investors BDC Capital’s IP-backed Financing Fund and Graphite Ventures, with additional funding from existing investors GreenSky Ventures, Brightspark, EDC, and MaRS Investment Accelerator Fund. Brickeye intends to use the funds for continued growth of its risk mitigation and productivity platform for the construction and insurance industries.

Harnessing the power of Internet of Things (IoT) technology, Brickeye’s suite of solutions enable job site monitoring, intelligent alerts and analytics, and smart automations. This empowers general contractors, owners, developers, and insurance providers to effectively mitigate risk, boost productivity, and safeguard margins of high-rise building and infrastructure construction projects. Brickeye is transforming how insurance providers place, underwrite, and protect policies by helping insureds de-risk projects in pre-construction and mitigate risk during construction.

Read more at Globe Newswire

Promise Robotics Raises USD$15 Million Series A to Enable the Homebuilding Industry to Close the Housing Gap at Scale

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🔖 Topics: Funding Event

🏢 Organizations: Promise Robotics, Horizons Ventures


Promise Robotics, an AI company developing a cloud-based industrial production platform for robotic construction and assembly, today announced it raised USD$15 million in Series A funding, bringing its total funding raised to date to USD$25 million. This round was led by Horizons Ventures with participation from Radical Ventures, Public Sector Pension Investment Board (PSP Investments), and strategic investors, including United Brotherhood of Carpenters, Relay Ventures, and Alate Partners. The new funding will help Promise Robotics commercialize its robotic factory platform to support its growing demand from homebuilders and to continue expanding.

Read more at PR Newswire

Seurat Technologies Raises $99M to Deploy Local Printing Factories, Decarbonize Manufacturing

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🔖 Topics: Funding Event

🏢 Organizations: Seurat Technologies, NVIDIA, Honda


Seurat Technologies, the 3D metal printing leader that is making manufacturing better for people and the planet, today announced a $99 million Series C round led by NVentures, NVIDIA’s venture capital arm and Capricorn’s Technology Impact Fund focused on climate solutions. Seurat’s latest funding round includes participation from new investors Honda Motor and Cubit Capital, among others, as well as participation from previous investors, True Ventures, SIP Global Partners, Porsche Automobil Holding SE, Denso Global, General Motors Ventures, Maniv Mobility LP, and Xerox Ventures.

Powered by 100% green energy, Seurat is reinventing and reshoring manufacturing with its Area Printing technology developed at Lawrence Livermore National Laboratory. This 3D metal printing technology delivers high-precision, high-volume, decarbonized manufacturing, which Seurat anticipates will have the potential to directly mitigate as much as 100 million tons of CO2 by 2030.

Read more at PR Newswire