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Aerospace Computer Vision Geospatial Hardware North America Real Time Robotics Software

Near Space Labs closes $13M Series A to send more Earth imaging robots to the stratosphere

– Near Space Labs, a geospatial intelligence startup, raised $13m in Series A funding.
– The round was led by Crosslink Capital and joined by Toyota Ventures and existing investors Leadout Capital and Wireframe Ventures.
– Near Space Labs also announced that Crosslink partner Phil Boyer has joined its board.
– Near Space Labs is focused on urbanized areas where change happens very rapidly.
– The company has named its platform “Swifty”.
– Each one is capable of reaching altitudes between 60,000 and 85,000 feet and capturing 400-1,000 square kilometers of imagery per flight.
– The company sells the data it collects and has developed an API through which customers can access the data via a subscription model.

Apps Hardware Software Wearables Western Europe

Women’s health tech brand, Elvie, tops up Series C to $97M

– Elvie, a women’s health tech company, raised $97m in Series C funding.
– The round was led by BGF and BlackRock alongside existing investors including Octopus Ventures.
– It brings Elvie to a valuation of $1.2 billion.
– The Series C will be used to drive more growth through geographical expansion (including entering new markets) and diversifying its product portfolio to target other “key stages” in women’s lives.

Consumer Electronics Electronics Hardware North America Software

Humane Raises $100M in Series B Funding

– Humane, Inc. from San Francisco develops personal technology for the intelligence age.
– Company raised $100m in Series B funding round.
– The round was led by Tiger Global Management with participation from SoftBank Group, BOND, Forerunner Ventures, Qualcomm Ventures LLC, Sam Altman, Lachy Groom, Kindred Ventures, Marc Benioff’s TIME Ventures, Valia Ventures, NEXT VENTŪRES, Plexo Capital and Wilson Sonsini Goodrich & Rosati.
– The new investment will be aimed at scaling operations.

Cloud Data Services Hardware Information Technology Internet of Things North America Software Wireless

Everactive Raises $16M Additional Series C Funding

– Everactive from Santa Clara develops batteryless wireless IoT solutions.
– The company raised $16m in a strategic funding round.
– Backers in the round included 3M, Ericsson, and Armstrong International.

Computer Hardware North America

PsiQuantum Closes $450 Million Funding Round to Build the World’s First Commercially Viable Quantum Computer

– PsiQuantum has raised $450m in Series D funding to build the world’s first commercially viable quantum computer.
– The funding round was led by funds and accounts managed by BlackRock, along with participation from insiders including Baillie Gifford and M12 – Microsoft’s venture fund – and new investors including Blackbird Ventures and Temasek.
– PsiQuantum has now raised a total of $665m in funding to date.
– PsiQuantum was founded in 2016 by the world’s foremost quantum computing experts, who understood that a useful quantum computer required fault-tolerance and error correction, and therefore at least 1 million physical qubits.

Apps Hardware Software Wearables Western Europe

Disruptive Femtech Elvie Firm Announces $80M Series C Funding Round

– Elvie, the revolutionary global health and lifestyle brand developing iconic products for women, announces a $80M (£58m) Series C funding.
– The funding round was led by BGF, with further investment from funds and accounts managed by BlackRock and a consortium including Hiro Capital and Westerly Winds, plus existing investors Octopus Ventures and IPGL.
– Elvie brings together a team of world-class engineers, designers and business minds to develop extraordinary products that improve women’s lives – revolutionizing categories which had been overlooked for many years, including breast pumps and pelvic floor health.

3D Printing Advanced Materials Hardware Industrial Manufacturing Manufacturing North America

Continuous Composites Closes $17m Series A Financing

– Continuous Composites Inc. announced the successful closing of its $17m Series A financing led by B. Riley Venture Capital, a subsidiary of B. Riley Financial, Inc.
– This latest investment follows prior funding rounds led by strategic partners Arkema S.A. and Saint-Gobain S.A.
– BRVC employs a strategy focused on investing in late-stage private growth companies with a path towards public markets. BRVC’s mission closely aligns with the company’s growth strategy, and access to B. Riley’s full suite of investment banking solutions makes BRVC an ideal partner for Continuous Composites.

Aerospace Hardware Manufacturing North America Product Design

Accion Systems raises $42 million in Series C to accelerate development of 4th-gen propulsion system

– Space propulsion developer Accion Systems raised $42m in a Series C funding.
– The round was led by Tracker Capital and joined by existing investors, including Draper Fisher Jurvetson, Lux Capital, and Space Angels Network.
– The company plans to use the funding to develop and manufacture its fourth generation propulsion system, dubbed the tiled ionic liquid electrospray (TILE) system.

Artificial Intelligence Cloud Computing Computer Hardware Machine Learning North America

Tachyum Triples Company Valuation On Closing of Series B Funding Round

– Tachyum closed its Series B funding round, led by private equity investor IPM Group in cooperation with the other investors.
– The latest monies raised from round will be used to finalize Prodigy as it moves from the successful demonstration of an FPGA prototype to tape-out and then to manufacturing of the world’s first Universal Processor Chip.
– Tens of millions of dollars are raised in series B.

Hardware Industrial North America Semiconductor

Phononic Raises $50M in Growth Financing

– Phononic from Durham, NC develops semiconductor cooling solutions.
Goldman Sachs Asset Management Sustainable Investing business made a $50m growth funding.
– The new investment will be used to expand sales and marketing, domestic and international high-volume manufacturing capabilities, and expand its cooling and refrigeration product portfolio and platform.

Artificial Intelligence Hardware Machine Learning North America Software

Lambda Raises $24.5M in Funding

– Lambda, a San Francisco, CA-based provider of deep learning GPU cloud services and computing hardware, raised $24.5M in financing.
– This financing round consists of a $15M Series A equity round and a $9.5M debt facility provided by Silicon Valley Bank.
– Primary investors include 1517, Gradient Ventures, Bloomberg Beta, Razer, and Georges Harik.
– The company will use the capital to expand its cloud and software engineering teams, pay for fixed assets related to its cloud business, and as working capital for its deep learning hardware business.

Artificial Intelligence Big Data Database Delivery Service Enterprise Hardware Internet of Things North America Software

RxAll grabs $3.15M to scale its drug checking and counterfeiting tech across Africa

– RxAll, a startup using deep technology to provide quality medication to patients, raised $3.15m in funding.
Launch Africa led the round with participation from SOSV’s HAX and Keisuke Honda.
– The company plans to scale across existing markets and improve its technology.

Hardware Human Computer Interaction Motion Capture North America Robotics Virtual Reality

HaptX raises another $12M for high-tech gloves, relocates HQ back to Seattle

– HaptX is raising more cash to meet demand for its haptic gloves that help enterprise customers working in virtual reality and robotics.
– The company just landed $12m from existing investors including Verizon Ventures, Mason Avenue Investments, Taylor Frigon Capital Partners, and Upheaval Investments.
– Total funding to date is $31m.
– HaptX released the HaptX Gloves DK2 in January and said all inventory is sold out.
– It will use the funding to launch a second manufacturing run.
– The company is also moving its headquarters to back the Seattle area, where it originally launched before moving to California and will open a new 15,000 square-foot space.

Audio Consumer Hardware North America Software

Native Voice Secures $14 Million Seed Funding Round And Expands Leadership Team

– Native Voice, an on-demand voice services ecosystem that enables users to communicate directly by voice with their favorite brands, today announced the conclusion of its seed funding round, raising $14 million.
– The round was led by Gutbrain Ventures and includes participation from PBJ Capital, Signal Peak Ventures with participation from Revel Partners, Ideaship (the VC arm of Panasonic’s IP division), Technexus (the VC arm of Shure),  and others.
– Native Voice is an on-demand voice services library for access to the brands people rely on every day to help them get more done.

Communities Hardware Homeland Security Machine Learning North America Security Software

Flock Safety Raises $150M in Series D Funding

– Flock Safety from Atlanta develops a public safety operating system for cities to work with private communities and law enforcement to eliminate crime, protect privacy, and mitigate bias.
– Series D $150m round was led by Andreessen Horowitz with participation from and Initialized, Meritech, Bedrock, and Matrix Partners.
– The new investment will be used to accelerate product development and expand the team to support every city across the country.

Architecture Hardware North America Semiconductor

Ascenium Tops $25 Million in Funding for Next Stage Development

– Ascenium, Inc. has secured a new Series A investment of $16m from Ascenium Holding AS.
– This cash infusion brings the total investment in the semiconductor innovator to $25m.
– The company aims to substantially grow the team size to support its ongoing development efforts.
– Ascenium’s Aptos, first in a new class of Instruction Set Architecture (ISA) free general-purpose processors, will disrupt data center computing while addressing energy efficiency requirements in today’s data centers.
– For the first time in more than 50 years, Ascenium will radically redefine the interface between the compiler and the hardware in general-purpose processors.

Analytics Big Data Hardware Health Care North America Predictive Analytics Software Wearables Wellness

Plantiga Raises $1.2M in Funding

– Plantiga is a Vancouver BC-based provider of an individual movement health monitoring platform for athletes and teams.
– The company raised $1.2M in funding.
– The round was led by Harlo Equity Partners with participation from Globalive Capital Partners, Rian Gauvreau, as well as a large group of professional athlete investors from the Athlete Tech Group ecosystem that includes Thaddeus Young, Patrick Patterson and Will Fuller.
– The new investment will be used to accelerate marketing and sales efforts while supporting the build-out of the self-monitoring capabilities.

Hardware North America Sensor Software

Skyfish Raises Over $20M in Seed Funding

– Skyfish from Stevensville, Montana, provides a full (UAS) technology stack, autonomous navigation platforms, and precision measurement capability which are built for engineering and critical infrastructure targets requiring ultra-high levels of inspection performance, measurement, and accuracy.
– The company secured over $20m in seed funding.
– The round was led by Henry Wolfond, CEO of Bayshore Capital, and Steven Bernstein the Chairman of SBA Communications.
– The new investment will be used to grow customer revenue, expand drone manufacturing capacity, and add to its existing talent pool.

Augmented Reality Computer Construction Hardware Western Europe

XYZ Reality Raises £20M in Series A Funding

– XYZ Reality, a London, UK-based engineering-grade augmented reality company, raised £20m in Series A funding.
– The round was led by Octopus Ventures.
– The company intends to use the funds to prepare HoloSite’s commercial launch in the USA, continue investment in strengthening research and development, and grow its London team to include key hires across technology, manufacturing, sales and marketing.

Hardware Industrial North America Software

Smart Skin Technologies Raises $10.7M in Funding

– Smart Skin Technologies Inc. from Fredericton, NB develops IIoT productivity solutions.
– The company raised $10.7m in funding led by BDC Capital’s Industrial Innovation Venture Fund with participation from Schott AG, Mariner’s East Valley Ventures and the New Brunswick Innovation Foundation.
– The new investment will be used to expand operations, hiring up to 50 new employees in the next year, and its business reach.

Artificial Intelligence Hardware Machine Learning North America Software

Photonic Supercomputer Company Lightmatter Raises $80 Million

– Lightmatter is a leader in photonic computing.
– The company raised $80m in Series B funding.
Viking Global Investors led the round with participation from GV (formerly Google Ventures), Hewlett Packard Enterprise (HPE), Lockheed Martin, Matrix Partners, SIP Global Partners, Spark Capital, and several others.

Audio Audiobooks Children Content EdTech Hardware Internet Radio Music Podcast Western Europe

Audio Platform For Kids Yoto Raises $17 Million

– Yoto is an audio platform for kids.
– The company raised $17m in Series A funding.
– The round was led by Acton Capital with participation from JamJar Investments, Global Founders Capital, Emerge Education, and MPL Ventures.
– Yoto Player is inspired by Montessori principles and is designed to safely give children full control over their listening with access to entertaining audio.

Artificial Intelligence Hardware Machine Learning North America Semiconductor Software

Tenstorrent Raises Over $200M in Funding; Valued at $1 Billion

– Tenstorrent is a hardware startup developing next generation computers whose Grayskull processor will go to market in the second half of 2021.
– The company raised over $200M in funding round at a $1b valuation.
– The round was led by Fidelity Management and Research Company with participation from Eclipse Ventures, Epic CG and Moore Capital.
– The new investment will be used to continue creating AI focused hardware for developers.

3D Printing 3D Technology Consumer Electronics Hardware North America

Formlabs Doubles $2 Billion Valuation with Close of $150 Million Series E Led By SoftBank Vision Fund 2

– Formlabs raised a $150m Series E led by SoftBank Vision Fund 2, doubling its valuation to $2bn.
– Formlabs will use the funds to continue to grow its portfolio of 3D printing technologies, enabling greater mass production and customization, as well as grow its team across its seven offices worldwide.
– Formlabs is on a mission to expand access to digital fabrication, so anyone can make anything.
– With its line of stereolithography (SLA) and selective laser sintering (SLS) 3D printers, Formlabs has set, and repeatedly improved, the standard for affordable, professional-grade 3D printing and is the number one seller of professional-grade 3D printers worldwide.

Computer Hardware Western Europe

Dutch startup QphoX raises €2M to connect quantum computers with a quantum modem

– Dutch startup QphoX raised €2m to connect quantum computers with a “quantum modem”.
– The funding round was led by Quantonation, Speedinvest and High-Tech Gründerfonds, with participation from TU Delft.
– QphoX aims to develop into a commercial product the quantum modem it created at Delft University of Technology (TU Delft).
– It is the exact same thing as a classical modem except for quantum computers, so it kind of converts electrical and microwave signals to optical signals coherently, so you don’t do any of the quantum information in the process.
– It then converts it back so you can really have two quantum computers talk to one another.

Assistive Technology Hardware Internet of Things North America

Platform Capital Leads a $1.3 Million Investment Round into STRAP Technologies

Platform Capital led a $1.3m investment round into STRAP Technologies, an innovative company that has developed the world’s first total technology replacement of the white cane for the blind and visually impaired.
– Globally, at least 2.2 billion people have a vision impairment or blindness, of whom at least 1 billion have a vision impairment that could have been prevented or has yet to be addressed.
– STRAP has developed a range of hardware and software solutions that address the mobility challenges that the blind and visually impaired encounter daily.
– STRAP has received significant pre-orders from over 6,000 customers across North and Latin America and will ship its devices in Q4 2021.

Fitness Hardware Health Care North America Software

Impact Biosystems Closes $4.5m Series Seed for Active Recovery Tech

– Impact Biosystems closed $4.5m in new funding, co-led by Will Ventures and NextView Ventures.
– Based on proven methods developed for professional athletes and groundbreaking MIT research, Impact provides active recovery solutions that track users’ muscle profile and respond in real time to stimulate the recovery process.
– Unlike other devices on the market that use crank-piston based mechanisms, the Impact device employs a proprietary electromagnetic actuator for greater accuracy, precision, and real-time monitoring.

CleanTech Data Visualization Europe Hardware Internet of Things Smart Cities

Airly Raises $3.3M in Funding

– Airly, Inc. is a Palo Alto, CA-based cleantech company providing ultra-local, accurate, predictive air quality data to help tackle air pollution globally.
– The company raised $3.3m in funding.
– The round was led by firstminute capital, with partcipation from Uber founder Garrett Camp via Expa, Bolt CEO Markus Villig, founding Editor-in-Chief of WIRED David Rowan, Pipedrive founder Ragnar Sass and Ferry Heilemann, co-founder of Leaders for Climate Action and previous investors, including Sir Richard Branson Family Office and Henkel board member Konstantin von Unger.

Consumer Goods Electronics Hardware Manufacturing North America Product Design

Northstar Capital Invests in Pelco Products, Inc.

Northstar invested in Pelco, a portfolio company of River.
– Pelco is a leading provider of traffic signaling hardware solutions in the United States.
Northstar provided subordinated debt and an equity co-investment to help River finance the deal.
– The Northstar team remains committed to partnering with experienced management teams and private equity sponsors in both good and challenging times.

Artificial Intelligence Europe Hardware Information Technology Sensor

LGN, which helps companies deploy AI at scale, raises $2M

– LGN, a company specializing in distributed machine learning, deep learning, and AI technologies, today announced that it raised $2 million.
– The company says it’ll use the investment to bolster its product development and hiring efforts as it expands its market reach.
– In particular, LGN intends to pursue low-latency inference technology that can process optical data on-chip orders of magnitude faster than current-gen tech.
– Businesses are in the midst of a shift in where and how they analyze data and derive actionable insights from it.
– Spending on AI is anticipated to break the $500 billion mark by 2024, according to IDC, and Gartner forecasts that over 50% of enterprise data will be processed outside the cloud by 2022.
– But AI projects remain highly susceptible to failure.

Big Data Data Visualization Hardware North America Software Wireless

Cipher Skin raises $5 million for mesh sensors that detect motion in real time

– Cipher Skin, a startup developing a network of wraparound sensors that can deliver big data diagnostics, today announced it has raised $5 million in a series A round led by Boyett Group.
– The company says the funds, which bring Cipher’s total raised to date to $7.8 million, will bolster development of the company’s existing product line and new products in markets like oil, gas, and winemaking.
– After his career in the U.S. special operations forces, Cipher CEO Phillip Bogdanovich started training in the gym with Craig Weller, a physical coach he met while serving in Baghdad.
– Bogdanovich says that as soon as he was separated from Weller, he noticed his recovery began slowing and his progress dropped off.

Hardware Information Technology North America Software

Therma Raises $10.2M to Make A Global Impact On Climate

– Therma Raises $10.2M to Make A Global Impact On Climate.
– Therma is the creator of Point 01, a climate-oriented community-building initiative that brings together like-minded entrepreneurs, investors, scientists, engineers, and other professionals to devise solutions that inextricably link profitability and sustainability.
– Combined, these groups work together towards a common goal of sustaining human modernity.
– The Point 01 podcast, hosted by Therma’s co-founder, Aaron Cohen, spotlights experts working on solving the climate crisis and is available on iTunes, Spotify, and Google.

Electric Vehicle Energy Energy Management Hardware Internet of Things North America Payments Software

ChargeLab raises seed capital to be the software provider powering EV charging infrastructure

– ChargeLab, a software provider for electric vehicle charging infrastructure, raised $4.3m in seed funding.
– The round was led by Construct Capital and joined by Root Ventures, and Notation Capital.
– The company plans to use the funding to expand its sales and marketing efforts.

3D Printing Artificial Intelligence Hardware Manufacturing Mechanical Engineering North America

Fictiv nabs $35M to build out the ‘AWS of hardware manufacturing’

– Fictiv, a platform for hardware manufacturing, raised $35m in Series D funding.
– The round was led by 40 North Ventures and joined by Honeywell, Sumitomo Mitsui Banking Corp., Adit Ventures and M20 (Microsoft’s strategic investment arm), as well as past backers Accel, G2VP and Bill Gates.
– The funding brings the total raised by Fictiv to $92m.
– Fictiv is the “AWS of hardware” — providing a platform for those needing to produce some hardware, giving them a place to design, price and order those pieces and eventually get them from one place to another.

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