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Space Perspective raises $40M for balloons that can take people into space
Space Perspective raises $40M for balloons that can take people into space
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Unicorn Nest news

Space Perspective raises $40M for balloons that can take people into space

– Space Perspective has raised $40m so it can give space tourists a gentle ride to the edge of space by attaching vehicles to giant space balloons.
– The company has already sold out its initial reservations for $125,000 for a six-hour flight.
– Billed as the world’s first luxury spaceflight experience, Cape Canaveral-based Space Perspective argues that you can enjoy the thrill of space exploration without having to endure a multi-g-force ride on a rocket.
– Instead, a balloon the size of a football stadium will take you up gently to the edge of the atmosphere, 20 miles above the Earth.
– There, you can snap pictures that show the view of Earth from space, including the curvature of the planet.
– VC firm Prime Movers Lab led the round with additional participation from existing and new investors.

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Elevian Raises $40M Series A
Elevian Raises $40M Series A
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Elevian Raises $40M Series A

– Elevian, an emerging biotech company developing medicines that restore youthful regenerative capacity with the potential to treat and prevent multiple age-related diseases, has raised $40m in an oversubscribed Series A round.
– The round was led by Prime Movers Lab.
– Additional investors include Bold Capital, Leslie Ventures, John A Kuelbs Family Office and others.

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Energy Vault Raises $100M in Series C Funding
Energy Vault Raises $100M in Series C Funding
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Energy Vault Raises $100M in Series C Funding

– Energy Vault is a Westlake Village, CA-based creator of gravity-based, grid-scale energy storage solutions with its proprietary technology.
– Company raised $100m in Series C funding.
– The round was led by existing investor Prime Movers Lab, with participation from other existing investors SoftBank Vision Fund, Saudi Aramco Energy Ventures, Helena, and Idealab X, and new investors Pickering Energy Partners through its Energy Equity Opportunity Fund, SailingStone Global Energy Transition, A.T. Gekko, Crexa Capital Advisors LLC, Green Storage Solutions Venture I LLC, and Gordon Crawford.
– The company intends to use the funds to ramp up multi-continent deployments of its innovative EVx™ platform, including fulfilling a pipeline of customer agreements across markets in the U.S., Middle East, Europe, and Australia.

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Diamond Age Raises $8M Seed Funding Round
Diamond Age Raises $8M Seed Funding Round
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Diamond Age Raises $8M Seed Funding Round

– Diamond Age, a full stack robotics startup that is automating new home construction to make home ownership more affordable, raised an $8m seed round.
– The round was led by Prime Movers Lab and Alpaca VC.
– Additional investors include Dolby Family Ventures, Calm Ventures, Gaingels, Towerview Ventures, GFA Venture Partners, and Suffolk Construction.

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Paradromics Raises $20M in Seed Funding
Paradromics Raises $20M in Seed Funding
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Paradromics Raises $20M in Seed Funding

– Paradromics, an Austin, Texas-based developer of high data rate Brain Computer Interfaces (BCI), raised $20M in seed funding.
– The round was led by Prime Movers Lab with participation from Westcott Investment Group, Dolby Family Ventures, Synergy Ventures, Pureland Global Venture, IT-Farm, and Alpha Edison.
– As part of the investment from Prime Movers Lab, Partner Dr. Amy Kruse will be joining the Paradromics Board of Directors.

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Heliogen Raises $108 Million to Advance New Non-Intermittent Renewable Energy Technology for Heat, Power, and Green Hydrogen
Heliogen Raises $108 Million to Advance New Non-Intermittent Renewable Energy Technology for Heat, Power, and Green Hydrogen
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Heliogen Raises $108 Million to Advance New Non-Intermittent Renewable Energy Technology for Heat, Power, and Green Hydrogen

Heliogen, a company behind turnkey concentrated solar energy system Sunlight Refinery™, recently closed $83 million in funding. This corporate round comes after $25 million Round A in April 2020. Among the new investors in Heliogen are steel and mining company ArcelorMittal, scientific startup-focused venture capital firm Prime Movers Lab, Canada-based venture capital fund Ocgrow Ventures, a private investment group specializing in ESG investments A.T. Gekko, Edison International, 8090 Partners, Gordon Crawford, and Rashaun Williams.
This renewable energy technology company aims towards a sustainable future and focuses on eliminating the need for fossil fuels. Its AI-powered Sunlight Refinery system provides high-temperature, carbon-free thermal energy by precisely aligning an array of mirrors to reflect sunlight to a single target with unprecedented accuracy. This energy is enough to power Rio Tinto’s borates mine’s industrial processes, where Heliogen will deploy its proprietary technology, while reducing carbon emissions at the site.
The company was created at technology incubator Idealab and won the Energy category in 2020 World Changing Ideas Award in April 2020.

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Robotics safety system developer Fort Robotics raises $13M to tackle workplace automation
Robotics safety system developer Fort Robotics raises $13M to tackle workplace automation
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Robotics safety system developer Fort Robotics raises $13M to tackle workplace automation

– Fort Robotics, a startup developing a safety and security platform for robots, today announced it has raised $13 million in a funding round led by Prime Movers Lab.
– With the new investment, Fort says it will more than double the size of its workforce and expand its product offerings in “key markets.”
– Worker shortages attributable to the pandemic have accelerated the adoption of automation. According to ABI Research, more than 4 million commercial robots will be installed in over 50,000 warehouses around the world by 2025, up from under 4,000 warehouses as of 2018. In China, Oxford Economics anticipates 12.5 million manufacturing jobs being automated, while in the U.S., McKinsey projects machines will take upwards of 30% of such jobs.
– Founded in 2018, Philadelphia, Pennsylvania-based Fort is CEO Samuel Reeves’ second startup.

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Venus Aerospace Closes On $3 Million In Seed Funding
Venus Aerospace Closes On $3 Million In Seed Funding
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Venus Aerospace Closes On $3 Million In Seed Funding

– Venus Aerospace closed on a $3m round of seed funding led by Prime Movers Lab, an investor in breakthrough scientific startups.
– The funding will go to the development of reusable and efficient advanced rocket engines and aerodynamic technologies.
– With the new round of funding, Venus Aerospace will build out its Mach 12 hypersonic aircraft designed to travel at the edge of space, allowing passengers to go from Los Angeles to Tokyo in one hour.

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