A Niron Magnetics employee takes quality measurements at the company’s state-of-the-art facility in Minneapolis, MN in October 2023. (Photo by Sara Rubinstein for General Motors) Niron Magnetics, a Minneapolis, MN-based company which specializes in rare earth-free permanent magnets, raised $33M in funding. Backers included GM Ventures, Stellantis Ventures, Shakopee Mdewakanton Sioux Community, and the University of Minnesota (UMN),… Continue reading Niron Magnetics Raises $33M In Funding
Author: FINSMES Online News
May Mobility Raises $105M in Series D Funding
May Mobility, an Ann Arbor, MI-based company which specializes in the development and deployment of autonomous vehicle (AV) technology, raised $105M in Series D funding. The round, which brought the total amount to $300M, was led by NTT Group and joined by new and existing financial and strategic investors including Toyota Ventures, Aioi Nissay Dowa… Continue reading May Mobility Raises $105M in Series D Funding
Seurat Technologies Raises $99M in Series C Funding
Seurat’s swappable print cartridges make it easy to switch from one type of metal to another. Seurat Technologies, a Wilmington, MA-based 3D metal printing company, raised $99M in Series C funding. The round was led by NVentures, and Capricorn’s Technology Impact Fund with participation from participation from new investors Honda Motor and Cubit Capital, as… Continue reading Seurat Technologies Raises $99M in Series C Funding
Ignition Raises $8M in Seed Funding
Ignition, a San Francisco, CA-based AI-driven collaboration software for go-to-market teams, raised $8M in Seed funding. The seed round, led by Audacious Ventures, included a pre-seed round led by Altman Capital. Angel investors in Ignition include product, marketing, CEOs, and other c-suite executives from Airbnb, Opendoor, Uber, Instacart, Rippling, Webflow, and Amplitude. The company intends… Continue reading Ignition Raises $8M in Seed Funding
FCP Euro Closes $25M Series A Funding
FCP Euro’s 146,000 square-foot distribution center in Mesa, Arizona FCP Euro, a Milford, Connecticut-based online auto parts retailer, closed a Series A financing round totaling $25m. The Series A funding was led by a prominent private investor. The minority investment will be used for expanding the company’s footprint across new geographies. Led by Scott Drozd, CEO,… Continue reading FCP Euro Closes $25M Series A Funding
Skoon Energy Raises $5.6M in Series A Funding
Skoon Energy, a Rotterdam, the Netherlands-based provider of an AI-powered software platform for clean mobile energy, raised $5.6M in Series A funding. The round was led by Blue Bear Capital, with participation from Graduate Entrepreneur Fund. The Series A round follows investments by Kees Koolen, early investor and CEO of Booking.com and former COO of… Continue reading Skoon Energy Raises $5.6M in Series A Funding
aPriori Receives Growth Investment from Vista Credit Partners
aPriori, a Concord, MA-based provider of an end-to-end digital twin solution for manufacturers, received a growth investment from Vista Credit Partners, a subsidiary of Vista Equity Partners. The amount of the deal was not disclosed. The company intends to use the funds to support continued innovation and meet demand for its solution. Led by CEO Stephanie Feraday,… Continue reading aPriori Receives Growth Investment from Vista Credit Partners
Variantyx Raises Additional Funding
Variantyx, a Framingham, MA-based company which specializes in genomic precision medicine, raised an additional funding of undisclosed amount. The round saw participation from Robert Bosch Venture Capital, Pitango HealthTech, New Era Capital Partners, 20/20 HealthCare Partners and Peregrine Ventures. The company intends to use the funds, which brought the total amount to over $120m, to… Continue reading Variantyx Raises Additional Funding
Totara Receives Investment from Tenzing
Totara, a Brighton, England, UK-based global LMS software provider, received an investment from Tenzing. Totara’s owners have entered into a sale and purchase agreement with London headquartered growth equity investor Tenzing, under which Tenzing will acquire Totara group of companies. The operations and management of Totara will remain unchanged with Mark Ash continuing as Chief Executive Officer. The amount… Continue reading Totara Receives Investment from Tenzing
Formant Raises $21M in Funding
Formant, a Mill Valley, CA-based data platform for robotics companies, raised $21m in its latest funding round. Backers included BMW i Ventures, Intel Capital, and GS Futures. The company intends to use the funds to: Continue to invest in product and GTM to drive enterprise adoption Expand partnership efforts and build out the Formant integration ecosystem Bring… Continue reading Formant Raises $21M in Funding