Tag: fund
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‘First-of-its-kind’ $50 million fund launches for early-stage robotics, automation, and AI companies
Cybernetix Ventures, an independent venture capital firm investing in early-stage robotics, automation and AI technology companies, today announced the launch of its first global fund headquartered in Boston, Massachusetts. Cybernetix Fund I will focus on pre-seed, seed and Series A investments into companies in the US and around the world developing robotics solutions for manufacturing,…
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Amazon launches $1 billion industrial innovation fund
Amazon is investing $1 billion into the industrial sector to “spur supply chain, fulfillment, and logistics innovation and further improve the customer and employee experience”. The $1 billion venture investment program is called the Amazon Industrial Innovation Fund (AIIF). As customers increasingly shop online and look for even faster delivery, Amazon says it is continuing…
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Sole Source Capital raises $555 million for second fund
Sole Source Capital, an industrial-focused private equity firm, has closed its second fund, SSC Partners II or “Fund II”, with aggregate total commitments of $555 million. Fund II was significantly oversubscribed with an initial target of $400 million and reached its hard cap. With the closing of Fund II, Sole Source Capital now manages in…
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MTS AI Center launches $100 million artificial intelligence fund and global accelerator
MTS AI Center, an international AI subsidiary of Russia’s largest telecom operator MTS, which is dual listed on the New York Stock Exchange and the Moscow Exchange, has launched a $100 million AI fund and accelerator to “spearhead the development and commercialization of AI solutions and promising AI start-ups across Asia, Europe and North America”.…
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Tau invents wire that doubles the power of electric motors and raises €10.25 million
A startup company called Tau, which specializes in materials science and automotive electrification, says it has delivered a prototype wire that enables electric motors to double their power output without changing their size. The technology could mean that electric vehicles and machines of all kinds can keep going for longer on a single charge, and…
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Semiconductor Industry Association to discuss global chip shortage with US government
The Semiconductor Industry Association (SIA) is to meet with officials in the administration of newly elected president of the United States, Joe Biden, to discuss the ongoing global shortage in chips, which is affecting many areas of manufacturing and the wider economy. The SIA released a statement from its president and CEO, John Neuffer, welcoming…
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Toyota-backed investment fund Woven Capital buys stake in Nuro
Woven Capital, an $800 million global investment fund established by the Toyota Research Institute, has made an equity investment in Nuro, a robotics company developing autonomous delivery vehicles. The investment is part of Nuro’s Series C round of funding, advancing its work in designing and engineering self-driving road vehicles to transform local commerce through autonomous…
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Finger Lakes college partners with New Scale Robotics to develop collaborative robot tools
Finger Lakes Community College has been awarded a $50,000 manufacturing grant from the FuzeHub Innovation Fund to support its work with New Scale Robotics, accelerating development of New Scale’s precision measurement and gripping tools for a wide range of collaborative robots. New Scale has a line of precision grippers, calipers and other tools that install…
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Self-driving tech startup Voyage Auto raises $31 million in funding
A self-driving technology startup called Voyage Auto has raised $31 million in Series B funding. The investment round was led by Franklin Templeton, with significant participation from Khosla Ventures, Jaguar Land Rover’s InMotion Ventures, and Chevron Technology Ventures. The latest funding round brings Voyage Auto’s total capital raised to $52 million.
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ESMERA opens €200,000 competition to fund small businesses developing robotics solutions
The EU funded robotics project ESMERA – the European SMEs Robotics Applications – has opened its second open call to help fund small businesses developing robotic solutions for enterprise applications. Within that call, industrial end-users have defined specific challenges that are to be solved by introducing a robotics solution. The challenges come from the areas…