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Automotive North America Sensor

Innovusion Raises $66 Million in Series B Plus Financing to Accelerate the Global Adoption of Autonomous Transportation

– Innovusion raised $66m in Series B Plus financing.
– The round was led by Guotai Junan International Private Equity Fund (GTJAI) with participation from Shunwei Capital. Existing investors Nio Capital, F-Prime Capital, Eight Roads Ventures, and Temasek also participated in the round.
– Innovusion will use the new infusion of capital to increase the production capabilities of its automotive-grade LiDARs, expand their global footprint, and further broaden its research and development efforts to promote the widespread adoption of LiDAR technology across autonomous vehicles, smart infrastructure, and high-speed rail transit systems.

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Automotive North America Sensor

Innovusion Raises $66 Million in Series B Plus Financing to Accelerate the Global Adoption of Autonomous Transportation

– Innovusion raised $66m in Series B Plus financing.
– The round was led by Guotai Junan International Private Equity Fund (GTJAI) with participation from Shunwei Capital. Existing investors Nio Capital, F-Prime Capital, Eight Roads Ventures, and Temasek also participated in the round.
– Innovusion will use the new infusion of capital to increase the production capabilities of its automotive-grade LiDARs, expand their global footprint, and further broaden its research and development efforts to promote the widespread adoption of LiDAR technology across autonomous vehicles, smart infrastructure, and high-speed rail transit systems.

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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.

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3D Technology Biometrics North America Semiconductor Sensor

SiLC Technologies Raises $17M Series A Funding Round to Advance Machine Vision Applications

– SiLC Technologies announced a $17m Series A funding round led by Alter Venture Partners and Dell Technologies Capital.
– The round was also supported by Fluxunit – OSRAM Ventures, Sony Innovation Fund by IGV, Epson, UMC Capital, Yamato Holdings and Global Brain.
– The additional financing will be used to expand SiLC’s operations, accelerate product development and gain additional production design wins – all in preparation for pre-production and product launch activities.
– Over the last year, SiLC has provided development systems to customers that are at the forefront of their respective market segments, including mobility, industrial machine vision, robotics, augmented reality, and consumer applications.
– The new funds will help further customer traction and support bringing these products to market.

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Automotive North America Sensor

Oculii Raises $55M in Series B Funding

– Oculii, a maker of high-resolution commercial imaging 4D radar, raised $55M in Series B funding.
– The round was co-led by Catapult Ventures and Conductive Ventures, with participation from Taiwania Capital, Susquehanna Investment Group (SIG), HELLA Ventures, PHI-Zoyi Capital, R7 Partners, VectoIQ, ACVC Partners, Mesh Ventures, SV Tech Ventures, Schox Ventures, and Signature Bank.
– The new funding will be used to scale and deliver on demand of Tier-1’s and OEMs globally.

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Automotive North America Sensor

Image-Grade LiDAR Company Innovusion Raises $64 Million

– Innovusion is a worldwide leader in the design and development of image-grade LiDAR (Light Detection and Ranging) systems.
– The company raised $64m in Series B funding.
– The round was led by Temasek, BAI Capital, and Joy Capital.
– Existing investors NIO Capital, Eight Roads Ventures, and F-Prime Capital also participated in the round.
– The funding will be used to increase the production capabilities of its automotive-grade LiDARs, support supply-chain partners for mass production capabilities, and further expand Innovusion’s research and development efforts around advanced LiDAR Technologies.
– Innovusion’s products are widely used across autonomous vehicles, smart cities, high-speed rail transit systems, and have been recognized by clients as a top performer.

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Artificial Intelligence InsurTech North America Risk Management Sensor

Earthquake-monitoring platform Safehub raises $9M

– Safehub, a startup developing an internet of things platform to monitor the structural integrity of buildings, today announced the closure of a $9 million series A round led by A/O PropTech.
– The company says it will use the capital to expand its platform and acquire new customers, as well as growing its engineering team.
– A recent FEMA study pegged U.S. losses from earthquakes at $4.4 billion per year. Each year, there are on average about 15 earthquakes with a magnitude of 7 or greater, strong enough to cause damage in the billions and significant loss of life.
– In spite of this, more than 60% of U.S. small businesses don’t have a formal emergency-response plan and fail to back up their sensitive data offsite.

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Analytics Electronics North America Sensor Test and Measurement

Density Lands Additional $25M

– Density, the leader in business intelligence for the built environment, announced today that it added $25 million from existing investors, bringing the total capital raised to over $100 million.
– New capital will be used to accelerate growth and scale initiatives at the company.
– At the same time, the company announced the release of a new addition to its growing software suite, called Portfolio.

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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.

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Augmented Reality Health Care Medical Device North America Sensor

Augmedics Raises $36M in Series C Funding

– Augmedics is a Chicago, IL-based provider of an augmented reality surgical image guidance solutions.
– Company raised $36m in Series C funding.
– The round was led by H.I.G. Capital, Revival Healthcare Capital, and Almeda Ventures with participation from HCA Healthcare Health Insight Capital, as well as existing investor XR Invest (formally known as AO Invest).
– The new investment will be used to continue commercialization throughout the U.S. and into OUS markets, develop the next generation of products, expand to new indications, and obtain CE certification for sales in Europe.

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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.

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Health Care Information Technology North America Search Engine Sensor

Forward Health Raises $225M to Expand Nationwide

– Forward Health announced $225m Series D funding with participation from Founders Fund, Khosla Ventures, SoftBank Vision Fund 2, Marc Benioff, and The Weeknd, among others.
– The funding will help rapidly expand Forward Health’s healthcare system nationwide with several new locations slated to open in the first half of 2021.
– Forward Health will also use the funds to introduce new doctor-led programs focused on heart health, cancer detection, COVID-19, stress, anxiety, and weight management.
– The pandemic has further exposed the limitations of traditional healthcare, and the band-aid of telehealth alone does not solve the problem.
– Forward Health provides members with unlimited in-person care at its technology-driven clinics, where first-time visits last an average of 60 minutes (compared to the national average of 15 minutes).

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Home Health Care Intelligent Systems Motion Capture North America Security Sensor Smart Home

Origin Wireless Secures $14M Funding

– Origin Wireless, a developer of a wide range of Wi-Fi smart home, health, well-being, and indoor tracking applications with high performance, low cost, and ease of use, announced it has closed its recent financing round and raised a total of $14m.
– The company received funding from key investors and partners including Verizon Ventures and Alarm.com.

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