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Attabotics raises $25 million to ‘transform supply chains’

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Attabotics, a robotics company specialising in supply chain technology, has raised $25 million in Series B funding from financial and strategic investors.

Participants in the round included Coatue, Comcast Ventures, and Honeywell alongside returning early investors Forerunner Ventures and Werklund Growth Fund.

The new funding will go toward supporting Attabotics’ continued, explosive growth, including new hires, scaling manufacturing operations, the development of new technologies, and more. Attabotics has raised $32.7 million in funding to date. [Read more…] about Attabotics raises $25 million to ‘transform supply chains’

Teralytics raises $17.5 million for ‘world’s first intelligent mobility operating system’

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Switzerland-based Teralytics has raised $17.5 million for what is described as “the world’s first intelligent mobility operating system”.

innogy Ventures, the venture capital investment arm of innogy Innovation Hub, has invested in Teralytics as part of a $17.5 million funding round. innogy Ventures and innogy Innovation Hub are backed by innogy SE, a leading German energy company.

The round was led by Robert Bosch Venture Capital, the corporate venture capital company of the Bosch Group. Other participants included Deutsche Bahn Digital Ventures, LBBW Venture Capital and Liil Ventures, as well as existing investors Atomico and Lakestar. [Read more…] about Teralytics raises $17.5 million for ‘world’s first intelligent mobility operating system’

Recogni launches with $25 million to develop AI processing for autonomous vehicles

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A US-German startup called Recogni has raised $25 million in Series A funding to make “fully-autonomous vehicles a reality”.

Until now, Recogni has been in “stealth mode” while it develops its “high-performance, low-power AI processing for autonomous vehicles”.

Recogni says it has designed a vision-oriented artificial intelligence platform for autonomous vehicles. [Read more…] about Recogni launches with $25 million to develop AI processing for autonomous vehicles

Freedom Robotics receives $6.6 million in seed funding

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Freedom Robotics, which provides cloud and on-device software for monitoring, control and management of robots and robotic fleets, has closed a $6.6m seed round.

The funding was led by Initialized Capital, with Toyota AI Ventures, Liquid 2 Ventures, Andrew Miklas from S28 Capital, and James Lindenbaum, alongside existing investors Green Cow Ventur­e Capital, Justin Kan, Josh Buckley, Kevin Mahaffey, and Arianna Simpson.

Freedom Robotics creates tools and infrastructure that all robotics companies require but are not core to their product or value creation.

[Read more…] about Freedom Robotics receives $6.6 million in seed funding

Warehouse automation company Fetch Robotics raises $46 million in latest funding round

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Fetch Robotics, a provider of warehouse automation technologies, has raised $46 million in its Series C round of funding.

The round was led by Fort Ross Ventures, with additional participation from CEAS Investments, Redwood Technologies, TransLink Capital and Zebra Ventures.

All existing investors – O’Reilly AlphaTech Ventures, Shasta Ventures, Softbank Capital and Sway Ventures – also participated in this round. [Read more…] about Warehouse automation company Fetch Robotics raises $46 million in latest funding round

Xometry raises $50 million for on-demand parts marketplace

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Xometry, the largest on-demand manufacturing marketplace, has raised $50m in equity funding, led by Greenspring Associates.

The new funding will back efforts to build a platform connecting suppliers to businesses that need prototypes and small runs of parts.

Dell Technologies Capital will also participate in the round, along with all previous venture and strategic investors including BMW i Ventures, Foundry Group, GE Ventures, Highland Capital Partners, Maryland Venture Fund and Almaz Capital. Xometry has raised a total of $113m to date.

[Read more…] about Xometry raises $50 million for on-demand parts marketplace

BASF invests in quantum computing startup Zapata

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BASF Venture Capital is joining a group of prominent investors in the Series A investment round of Zapata Computing, Inc.

Headquartered in Cambridge, Massachusetts, Zapata is developing both a powerful software platform as well as specific applications for Global 1000 companies to effectively use a range of emerging quantum computing hardware.

By investing in Zapata, BASF Venture Capital supports BASF’s strategic goal to take advantage of the opportunities that digitalisation offers along the entire value chain.

[Read more…] about BASF invests in quantum computing startup Zapata

Renault-Nissan-Mitsubishi partner with Plug and Play China

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Alliance Ventures, the venture capital fund that invests in technology start-ups for Groupe Renault, Nissan Motor Company and Mitsubishi Motors, is partnering with Plug and Play China, part of the global innovation platform.

“China is leading innovation in the automotive industry,” said Francois Dossa, Alliance Global Vice President, Ventures and Open Innovation; Chairman of Alliance Ventures.

“By harnessing the expertise of Plug and Play China, we can gain access to start-ups and technologies that will transform the mobility experience.”

[Read more…] about Renault-Nissan-Mitsubishi partner with Plug and Play China

Hitachi establishes venture capital fund for start-up partners

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On 1 June, Hitachi is to establish a new corporate venture capital (CVC) fund, Hitachi Ventures Fund, and unit, Hitachi Ventures GmbH (HVG), whose responsibility will be to identify and acquire equity interests in fast-growing innovative start-ups globally.

HVG will hire top external talents with experience and capability on CVC activities to invest to and collaborate with start-ups globally.

Stefan Gabriel, former president of 3M New Ventures, is to be CEO of HVG. The unit will start life with $150M.

[Read more…] about Hitachi establishes venture capital fund for start-up partners

Dyndrite in line to raise $10 million for its 3D design software

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A startup company called Dyndrite is set to raise more than $10 million to bring its computer-aided design software to market.

The privately held Dyndrite says Gradient Ventures, Google’s AI-focused investment fund and an early Dyndrite investor, will lead the company’s $10 million+ Series A financing round.

Cota Capital joins existing investors, Amplify Ventures, The House Fund, and private investor and former president and CEO of Autodesk, Carl Bass.

[Read more…] about Dyndrite in line to raise $10 million for its 3D design software