Secondmind, a Cambridge, UK-based software-defined vehicle company, raised $16M in funding. Backers included Mazda, Amadeus Capital Partners, Atlantic Bridge Ventures, and Cambridge Innovation Capital. The company intends to use the funds to scale key aspects of its business, including ramping up sales and marketing and accelerating the development of its cloud-native optimization engine. Led by… Continue reading Secondmind Raises $16M in Funding
Author: FINSMES Online News
Epicor Acquires Elite EXTRA
Epicor, an Austin, TX-based provider of industry-specific enterprise software, acquired Elite EXTRA, a provider of cloud-based last mile delivery solutions. The amount of the deal was not disclosed. The acquisition expands Epicor’s ability to help its customers across the make, move, and sell industries simplify last mile logistics and compete in a hyper-competitive market more… Continue reading Epicor Acquires Elite EXTRA
Divergent Technologies Closes $230M Series D Funding
Divergent Technologies, a Los Angeles, CA-based company providing end-to-end digital industrial manufacturing systems, raised $230M in Series D funding. The round was led by a $100 million investment from Hexagon AB and included participation from new and existing institutional and family office investors. The company intends to use the funds to accelerate its commercial scale-up across automotive,… Continue reading Divergent Technologies Closes $230M Series D Funding
Niron Magnetics Raises $33M In Funding
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
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