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Agriculture AgTech Manufacturing North America Organic

Anuvia raises $103 million to commercialize its novel fertilizer

– Anuvia Plant Nutrients has raised $103m to commercialize its novel fertilizer technology.
– The company is now ready to roll out its tech, which is already used on roughly 1,200 farms and is projected to be on 20 million acres of farmland by 2025.
– The Winter Garden, Florida-based company has a 1.2 million-ton facility for production, but the company wants to build out additional capacity and continue developing new fertilizers to take to market.
– Farmers using the product see increased yields of around five times their previous production levels and the product can be used on all the main row crops.

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Agriculture AgTech Manufacturing North America Organic

Anuvia Plant Nutrients Raises $103 Million on Strength of New, Proven Carbon-Reduction Technology for Commercial Agriculture

– Anuvia Plant Nutrients announced it has raised $103 million in Series C funding.
– The round was co-led by TPG ART and Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech), with additional investment from Generate and Piva Capital.
– Anuvia will use the financing to increase the production capacity and expand commercialization of its innovative nutrient delivery technology, as commercial agriculture continues its transformation into more sustainable and profitable practices.
– Anuvia’s SymTRX™ is already in commercial use on U.S. farms, with use expected to increase to reach 20 million acres by 2025.
– As consumers and mainstream retailers are increasingly demanding sustainability across the supply chain, Anuvia’s technology is helping farms be more competitive in the changing landscape.

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Biopharma Biotechnology Life Science Machine Learning Manufacturing North America

AbSci Announces Strategic Investment

– AbSci announced a strategic equity investment by Merck Global Health Innovation Fund.
– Merck GHI is a fund of Merck Research Laboratories.
– AbSci is a leading synthetic biology company that translates ideas into drugs with a revolutionary platform technology that reinvents the biopharmaceutical drug discovery process.

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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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Industrial Automation Logistics Manufacturing North America Robotics Supply Chain Management

Locus Robotics raises $150 million to scale its warehouse robotics platform

– Locus Robotics, a Wilmington, Massachusetts-based warehouse robotics startup, today announced it has raised $150 million in series E funding at a $1 billion post-money valuation.
– The company says the funding will allow it to accelerate product innovation and global expansion.
– Locus expects that in the next four years, over a million warehouse robots will be installed and that the number of warehouses using them will grow tenfold.
– 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.

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Chemical Manufacturing North America Pharmaceutical

Phlow Raises $20M in Series A Financing

– Phlow Corp., a public benefit corporation providing access to essential medicines, closed a $20m Series A funding.
– The company intends to use the funds to build its commercial business team, establish its commercial business unit’s data and analytics platforms, advance the commercial research and development of APIs and finished pharmaceutical products, and fund innovative initiatives to improve the delivery of essential medicines.
– Led by Eric Edwards, M.D., Ph.D., co-founder, president and CEO, Phlow is using advanced manufacturing processes leveraging flow chemistry to produce active pharmaceutical ingredients (APIs) and finished pharmaceutical products.

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Battery Electric Vehicle Energy Energy Storage Manufacturing North America Renewable Energy

Fidelity Leads $81M Investment in Enevate to Accelerate Commercialization of Fast-Charging Electric Vehicle Battery Technology

– Enevate announced that it has secured a $81M Series E funding led by Fidelity Management & Research Company, providing the company with additional new resources aimed at accelerating global mass adoption of Enevate’s unique battery technology in electric vehicles.
– Existing investors, Mission Ventures and Infinite Potential Technologies, also participated in the round.
– The funding will enable Enevate to significantly expand its pre-production line designed to guide EV and other battery customers toward implementing larger-scale battery manufacturing utilizing Enevate’s silicon anode-based batteries.
– The funding would also enable Enevate to scale and grow. Included will be the hiring of additional personnel with an emphasis on scientists and engineers.
– With this latest funding round, Enevate has raised $191 million to date.

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Industrial Manufacturing Manufacturing North America Semiconductor

Mobix Labs Raises $10M in Funding

– Mobix Labs from Irvine, CA develops RF semiconductors for the 5G mmWave wireless market.
– The company closed $10m new funding as part of an extended seed round.
– The new investment will be used to continue to expand the company’s development efforts.

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3D Printing Artificial Intelligence Europe Machine Learning Manufacturing Robotics

Ai Build Raises $1M in Funding

– Ai Build from London provides a cloud platform to automate Additive Manufacturing process.
– Company raised $1m in funding.
– The round was led by SuperSeed, with participation from William Tunstall-Pedoe.
– The new investment will be used to accelerate commercialization of the technology to bring it to many more global tier 1 manufacturers in the aerospace and automotive sectors.
– The company has recently signed partnerships with machine manufacturers including Kuka and Weber Additive to make AiSync the default Operating System for large-scale industrial 3D printing.

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CleanTech Electric Vehicle Manufacturing North America Transportation

Rad Power Bikes Inks $150M

– Rad Power Bikes, North America’s largest ebike brand, today announced a minority investment of $150m from Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, The Rise Fund, the global impact investing platform managed by TPG, and funds and accounts advised by T. Rowe Price Associates, Inc.
– Existing investors Durable Capital Partners LP and Vulcan Capital also participated in the round.
– The investment reflects a historic commitment to Rad Power Bikes’ vision of a world where transportation is energy-efficient, enjoyable and accessible to all.
– Rad Power Bikes will use this new funding to extend its market leadership, drive innovation, and scale retail and service offerings.

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