AImotive, a startup developer of autonomous vehicle technology, has closed its $38 million Series C funding round.
The funding round was led by B Capital Group and Prime Ventures, with participation from Cisco Investments, Samsung Catalyst Fund, and Series A and B investors Robert Bosch Venture Capital, Inventure, Draper Associates and Day One Capital.
Startup company ThreadRobe launches “automated wardrobe”, eliminates laundry chores
There are few chores that Americans hate more than laundry, according to ThreadRobe, the Alexandria-based startup which aims to change millions the drudgery of the chore by introducing an automated piece of furniture that eliminates the need to fold, hang, and put away laundry.
Users place loads of clean clothing from the dryer directly into the automated wardrobe’s bin – no sorting, folding, or hanging required.
These days, it seems barely a week goes by without someone somewhere building a robotic arm of some description.
Using components which can be bought from almost anywhere online, and chipsets such as Arduino and Raspberry Pi, the “makers” of the world are launching more and more sophisticated pieces of equipment.
Yamaha has bought a tech startup that develops networks for autonomous road vehicles. The Japanese manufacturer most famous for its motorcycles made an investment of $2 million into Silicon Valley startup company Veniam.
The company says this investment represents the first opportunity explored by its new business subsidiary, Yamaha Motor Ventures and Laboratory Silicon Valley (YMVSV), which began operations in Silicon Valley in August 2015.
Veniam is engaged in the service provision and communication hardware development and sale of wireless mesh networking, a technology that is suited to communication between moving vehicles, and between moving vehicles and stationary objects.