This summary is generated by an algorithm. If you find any mistakes, let us know.

Agriculture AgTech Automotive Autonomous Vehicles Drones North Africa and the Middle East Robotics

Blue White Robotics Raises $37M in Series B Funding

– Blue White Robotics from Tel Aviv provides Robots-as-a-Service (RaaS) that enables farms to run themselves autonomously.
– The company raised $37M in Series B funding.
– The round was led by Insight Partners and Entrée Capital, joined by Clal Insurance, Jesselson Family Office, Peregrine VC, and Regah Ventures.
– The new investment will be aimed at increasing the rapid adoption of these technologies, driving new US sales, and hiring talent for their international team.

Automotive Autonomous Vehicles Eastern Asia Raises $300M in Total Funding

– is a self-driving technology company committed to advancing urban logistics and robotaxis.
– The company raised a Series B funding round totaling to more than $300m USD.
– The round was led by Alibaba Group (NYSE: BABA) and other venture capital companies including Jeneration Capital. Previous investors Fosun RZ Capital, Yunqi Partners, and Glory Ventures also participated in the round.
– The new investment will be used to further research and development, scale automaker collaboration and fleet operation, and support the expansion of the team.

Australia and Oceania Automotive Autonomous Vehicles Electric Vehicle

Tritium Announces AUD$40 million Private Placement Financing by Cigna Investments, Inc.

– Tritium Holdings Pty Ltd (“Tritium”), a global developer and manufacturer of direct current (“DC”) fast charging technology for electric vehicles (“EVs”), announced a AUD$40 million private placement.
– The round was led by Cigna Investments, the investment arm of Cigna Corporation, a U.S.-based global health services company.

Artificial Intelligence Automotive Autonomous Vehicles North America

Gatik expands autonomous box truck operations to Texas with $85 million in new funds

– Gatik AI, an autonomous vehicle startup, raised $85m in Series B funding.
– The round was led by Koch Disruptive Technologies, the venture arm of Koch Industries.
– Existing investors Innovation Endeavours, Wittington Ventures, FM Capital, Dynamo Ventures, Trucks VC, Intact Ventures and others also participated.
– The company plans to have a presence in multiple cities within Texas.

Autonomous Vehicles Big Data Information Technology Insurance North America Software

Koop Technologies Raises $2.5M in Seed Funding

– Koop Technologies, a Pittsburgh-based insurance technology startup specializing in autonomous vehicle and robotics risks, raised $2.5M in seed funding.
– The round was led by Ubiquity Ventures, out of Palo Alto, CA, along with Bee Partners, Sure Ventures, WestWave Capital, and a number of strategic angel investors.
– The company intends to use the funds to bring its data-driven insurance platform to more customers in the autonomous vehicle and robotics industries.

Automotive Autonomous Vehicles North America

RepairSmith Raises $42 Million in Funding; Disrupts the Independent Automotive Repair Market with the Only Full-Service Mobile Solution

– RepairSmith is a disruptive technology startup offering the first and only full-service mobile solution for automotive repair and maintenance.
– RepairSmith has raised a $42m Series B funding round from investors, including TI Capital, Mercedes-Benz, Porsche Ventures, and Spring Mountain Capital.
– The company will use this cash infusion to continue rapid expansion of its service, already available in 650 cities across six states with over 100,000 service appointments completed to date.

Artificial Intelligence Automotive Autonomous Vehicles Computer Vision Internet of Things Machine Learning North America Robotics Software

Algolux Closes $18.4M Series B Funding

– Algolux, a Montreal, QC, Canada-based computer vision software company, raised $18.4M in Series B funding.
– The round was led by Forte Ventures and Drive Capital with participation from Investissement Quebec, Castor Ventures, Nikon-SBI Innovation Fund, GM Ventures, Generation Ventures and Intact Ventures.
– The company intends to use the funds to achieve the following three goals: accelerate adoption of its products across mobility markets; grow its engineering and customer enabling teams to scale worldwide support; grow its engineering and customer enabling teams to scale worldwide support.

Automotive Autonomous Vehicles Eastern Asia Software

Venti Technologies Announces $8 Million Funding To Continue Scaling its Autonomous Mobility for Logistics, Supply Chain and Transportation Markets

– Venti Technologies has secured approximately $8m in a seed round funding.
– The financing round was led by LDV Partners and Alpha JWC Ventures, leaders in supporting pioneering technical teams to build winning companies in their spaces.
– The investment will further Venti’s leadership in producing AI-enabled autonomous logistics transport, including fulfilling new and existing customer agreements with PSA Corporation, a global ports operator with 60 ports under management; automotive manufacturers including SAIC Volkswagen and SAIC-GM; the world’s largest automotive logistics provider, SAIC Anji Logistics Tech, and Seedland, a top Asian real estate developer and operator.

Automotive Autonomous Vehicles North America Software Transportation

Ghost Pulls In $100M Series D Round

– Ghost has announced the closing of a $100m Series D financing.
– Returning investors Sutter Hill Ventures and Founders Fund participated in the round, along with a new commitment from Coatue.
– The financing is fueling the development of its autonomous driving system that features a revolutionary breakthrough in crash prevention.

Aerospace Autonomous Vehicles Computer Vision Government National Security North America

Anduril Raises $450M in Series D; Valued at $4.6 Billion

– Anduril Industries, an Irvine, Calif.-based defense technology company, raised $450m in Series D funding and a post-money valuation of $4.6b.
– The round was led by Elad Gil with participation from Andreessen Horowitz, 8VC, Founders Fund, General Catalyst, Lux Capital, Valor Equity Partners, and D1 Capital Partners.
– The new investment will be used to develop advanced technologies (AI, computer vision, sensor fusion, optics and automation) to solve some of the most important & complex national security challenges.

Artificial Intelligence Autonomous Vehicles Central-Eastern Europe Machine Learning Robotics Software

Croatia’s Gideon Brothers raises $31M for its 3D vision-enabled autonomous warehouse robots

– Gideon Brothers, a robotics and AI startup, raised $31m in Series A funding.
– The round was led by Koch Disruptive Technologies (KDT), the venture and growth arm of Koch Industries Inc., with participation from DB Schenker, Prologis Ventures and Rite-Hite.
– The company will also expand its operations in the EU and U.S. by opening offices in Munich, Germany and Boston, Massachusetts, respectively.

Autonomous Vehicles Industrial Automation North America Robotics

Realtime Robotics Raises $31.4M in Series A Funding

– Realtime Robotics specializes in autonomous motion planning for industrial robots.
– Company raised $31.4M in Series A funding.
– The round was led by HAHN Automation and SAIC Capital Management, as well as new institutional investors Soundproof Ventures and Heroic Ventures.
– The company will be use the funds to accelerate its product rollouts and continue its investment in innovative enhancements and solutions.

Autonomous Vehicles Logistics North America Ride Sharing Transportation

Faction Raises $4.3M Seed Round

– Faction Technology from Silicon Valley is a startup that develops driverless solutions based on light electric vehicles.
– The company announced the completion of $4.3m in seed funding led by Trucks Venture Capital and Fifty Years.

3D Technology Automotive Autonomous Vehicles Western Europe

Scantinel Photonics Raises € 7.5M in Funding

– Scantinel Photonics GmbH from Ulm, Germany develops FMCW LiDAR (Frequency Modulated Continuous Wave) sensors for next-generation LiDAR systems that are a prerequisite to reach a higher level of automation.
– The company raised € 7.5m in funding.
– The round was led by Scania Growth Capital, Scania’s corporate venture capital-fund.
– The company intends to use the funds to continue to further improve FMCW LiDAR technology, and to commercially implement this technology in close cooperation with customers and technology partners.

3D Technology Automotive Autonomous Vehicles Western Europe

Scantinel Photonics GmbH, a ZEISS Ventures Portfolio-Startup, Announces Series-A Financing Round via Scania Growth Capital as Lead Investor

– Scantinel, a leading LiDAR startup, which develops and produces FMCW LiDAR (Light Detection and Ranging) sensors for the next-generation LiDAR systems for autonomous vehicles (AV) has received growth financing through Scania Growth Capital.
– LiDAR is considered the key technology for safety of autonomous vehicles.
– FMCW LiDAR – a bulky abbreviation for a disruptive technology – will help autonomous driving to achieve a breakthrough and, according to experts, will displace the currently used Time of Light (TOF) LiDAR systems from the market.
– Scantinel offers unique FMCW LiDAR technology that delivers a new dimension of data to make cars safer and, eventually, autonomous.

Asia Autonomous Vehicles Cyber Security Drones GPS Homeland Security

Israel’s GPS Security Startup infiniDome Announces Closure of Pre-series A Round of Funding

– infiniDome is pleased to announce closure of a pre-series A round of $2.4 Million that includes investments from Next Gear Ventures and Honeywell Ventures.
– The proceeds will help scale infiniDome’s customer engagements in the Commercial Aircraft, UAS/UAV, and UAM market segments.
– Tal Cohen, Ph.D., managing partner at Next Gear Ventures said: “As an early investor in infiniDome, we know we have a truly world class team that would emerge as the leader in the commercial and low SWaP GPS protection market.”
– infiniDome continues to exceed their business goals and we are excited to continue our support of the company and its exceptional growth.

Autonomous Vehicles Drone Management Drones North America Robotics Sensor

Tangram Vision Raises Pre-Seed Funding Round to Enhance Sensors and Help Robots See the World

– Tangram Vision is announcing that it has raised a pre-seed fundraising round and is launching its sensor management SDK.
– Tangram Vision was founded in 2020 by computer vision veterans and Occipital alumni Brandon Minor and Adam Rodnitzky.
– While at Occipital, they helped to engineer and launch the Structure Sensor & SDK 3D sensing platform.
– After having worked with numerous robotics, drone and autonomous vehicle companies on integrating the Structure Sensor into their platforms, Brandon and Adam realized that there was a significant software gap for sensors.
– The company is building out its sensor management platform to enable developers to connect, manage and monitor their sensors in real time.

Artificial Intelligence Asia Autonomous Vehicles Computer Vision Mapping Services Software

Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round

– Momenta, a Chinese autonomous driving startup, raised $500m funding.
– The round was led by SAIC Motor, Toyota and Bosch.
– Other participants included Mercedes-Benz AG, Xiaomi founder Lei Jun’s Shunwei Capital, Tencent, Cathay Capital and a few undisclosed institutions.
– It’s rare to see Tencent and Alibaba (or their affiliates) co-invest.

Autonomous Vehicles Electric Vehicle Europe Logistics Transportation

While eyeing a SPAC, Swedish autonomous EV company Einride nears $75 million in new funding

– Swedish autonomous electric vehicle startup Einride is seeking $75m in new financing.
– The company is also exploring the potential for a public listing through a special purpose acquisition company.

Autonomous Vehicles Electric Vehicle North America Transportation

URB-E Raises Series A to Bring Containerized Deliveries to the Last Mile Announces Facebook, Apple Exec as CEO

– URB-E raises $5m in Series A round led by UBS Group.
– Charles Jolley joins URB-E as CEO.
– URB-E’s bicycle-powered, collapsible containers are commonplace around New York, enabling fast, clean last-mile delivery for major retailers.
– URB-E’s roll-on-roll-off containers replace an entire delivery van, reducing emissions by 100% and increasing delivery efficiency by 2-3 times.
– URB-E has already deployed a fleet of pedal-powered container systems, with over 1,800 containers moving over 100,000 packages in New York City.

Artificial Intelligence Automotive Autonomous Vehicles North America

Gatik to winterize self-driving box trucks through partnership with Ontario government

– Gatik, a startup developing an autonomous vehicle stack for B2B short-haul logistics, today announced it has secured CAD$9 million (~$7.12 million), with CAD$1 million coming from a partnership with Ontario’s Autonomous Vehicle Innovation Network (AVIN).
– Gatik says the AVIN collaboration — part of an Ontario government program providing R&D, business, technical, and talent support, as well as vehicle test tracks — will help it understand how inclement weather affects its vehicles’ movements.
– Some experts predict the pandemic will hasten adoption of autonomous vehicles for delivery. Self-driving cars, vans, and trucks promise to minimize the risk of spreading disease by limiting driver contact. This is particularly true with regard to short-haul freight, an estimated 30% of which takes place in snowy and icy conditions.

Automotive Autonomous Vehicles E-Commerce Europe

Carvolution Raises CHF15M in Series C Funding

– Carvolution is a Bannwil, Canton Bern, Switzerland-based car subscription company.
– The company raised CHF15m in Series C funding.
– The round was led by Francisco Fernandez, founder of the Avaloq Group, as well as Ringier Digital Ventures.
– The new investment will be used to advance product development, continue market expansion, and grow the team.

Autonomous Vehicles FinTech Freight Service Insurance InsurTech Logistics North America Transportation

Trucking Insurer Koffie Labs Raises $4.5 Million

– Koffie Labs (Koffie), an insurtech focused on reinventing the trucking and transportation markets, today announced it has raised $4.5m in venture financing.
Anthemis Group and Lerer Hippeau led two rounds of seed round financing with participation from 2048 Ventures, Plug and Play Ventures and C2 Ventures.
– Trucking insurance is an essential component of the broader $800b trucking industry and the backbone of the US economy. With commercial auto rates consistently increasing over the last decade, there are few viable options for fleets.
– Koffie uses telematics and advanced safety technology to underwrite trucking companies, rewarding fleets that invest in safety with discounted insurance premiums.

Artificial Intelligence Autonomous Vehicles Computer Vision Internet North America Real Estate Software

LA-based Metropolis raises $41 million to upgrade parking infrastructure

– LA-based Metropolis raised $41m funding.
– The round was led by 3L and joined by Dragoneer, Starwood, RXR Realty, Dick Costolo and Adam Bain’s 01 Advisors, Slow Ventures, Dan Doctoroff, Baron Davis, and others.
– The company plans to upgrade parking infrastructure with a computer vision-based system that recognizes cars as they enter and leave garages.

Crunchbase icon

Content report

The following text will be sent to our editors: