Through a strategic partnership with Uber, Aurora paves a path for delivering the Aurora Driver broadly PITTSBURGH–(BUSINESS WIRE)–Aurora, the self-driving car company, announced today that they are acquiring Uber Technologies Inc.’s (NYSE: UBER) self-driving unit, Advanced Technologies Group (Uber ATG). ATG’s team and technology will accelerate Aurora’s mission and the delivery of our first product… Continue reading Aurora is Acquiring Uber’s Self-Driving Unit, Advanced Technologies Group, Accelerating Development of the Aurora Driver
Author: FINSMES Online News
Scale AI Raises $155M in Funding; Valued at Over $3.5 Billion Post-Money
Scale AI, a San Francisco, California-based data platform for AI, raised $155M in new funding. The round, led by Tiger Global, was closed at a valuation of over $3.5B post-money. The company plans to use the funds to accelerate the development of its AI platform and develop new products to serve its customers like OpenAI,… Continue reading Scale AI Raises $155M in Funding; Valued at Over $3.5 Billion Post-Money
Plug Power Raises Approx. $1 Billion Equity Funding
Plug Power, Inc. (NASDAQ: PLUG), a Latham, N.Y.-based provider of hydrogen engines and fueling solutions enabling e-mobility, completed an approximately $1 billion equity funding. This brought total cash post-closing balance to $1.7 billion. The capital raise positions the company to execute and accelerate on its green hydrogen strategy as well as other strategic growth initiatives. Led… Continue reading Plug Power Raises Approx. $1 Billion Equity Funding
Gatik Raises $25M in Series A Funding
Gatik, a Palo Alto, CA and Toronto, Canada-based autonomous technology company deploying autonomous vehicles for B2B short-haul middle-mile logistics, raised $25m in Series A funding. The round was co-led by Wittington Ventures and Innovation Endeavors with participation from FM Capital and Intact Ventures and existing investors Dynamo Ventures, Fontinalis Partners, AngelPad and others participated as well. The company, which… Continue reading Gatik Raises $25M in Series A Funding
Carbice Holds First Closing of $15M Series A Funding
Carbice Corporation, an Atlanta, GA-based maker of Carbice® Carbon, a product that lowers device temperatures and dissipates heat away from product packaging, held the first closing of a $15m Series A funding round. The round was led by Downing Ventures with participation from Toyota AI Ventures. The company intends to use the funds to attract top talent… Continue reading Carbice Holds First Closing of $15M Series A Funding
Morai Closes US$1.8M Series A Funding Round
Morai, Inc., a Seoul, South Korea-based developer of autonomous vehicle simulation systems, secured US$1.8M in Series A funding. Backers included Kakao Ventures and Korea Credit Guarantee Fund (KODIT) as well as existing investor Naver D2SF (Naver D2 Startup Factory). Led by Jiwon Jung, CEO and Co-Founder, and a member company of Born2Global Centre and Sejong Technopark, Morai delivers testing solutions… Continue reading Morai Closes US$1.8M Series A Funding Round
Provizio Raises $6.2M in Funding
Provizio, an Ireland-based Accident Prevention Technology company, raised 6.2m in funding. Backers included Bobby Hambrick, the founder of Autonomous Stuff and the founders of Movidius (the Intel acquired leader in mobile vision processor chip design) along with the European Innovation Council (EIC) and ACT Venture Capital, Involved in Provizio also are Dr. Scott Thayer and… Continue reading Provizio Raises $6.2M in Funding
Tekion Raises $150M in Series C; at $1B+ Valuation
Tekion, a San Ramon, Calif.-based cloud technology company and provider of SaaS retail operating platform, Automotive Retail Cloud, raised $150m in Series C financing round at over a $1 billion valuation. The round was led by Advent International with participation from Index Ventures, Exor (the holding company of Fiat Chrysler Automobiles and Ferrari), Airbus Ventures and… Continue reading Tekion Raises $150M in Series C; at $1B+ Valuation
SiteAware Raises $10M in Series A Funding
SiteAware, a Houston, TX-based Israeli Artificial Intelligence (AI) construction verification software company, closed a $10m Series A funding. The round was co-led by Axon Ventures and Robert Bosch Venture Capital GmbH with participation from existing investors lool Ventures, Oryzn Ventures, The Flying Object and Power Capital Venture. The company will use the new funding to accelerate its expansion… Continue reading SiteAware Raises $10M in Series A Funding
goPuff Raises $380M; Valued at $3.9 Billion
goPuff, a Philadelphia, PA-based go-to platform for consumers’ everyday needs, raised $380m in funding. The round, which valued the company at $3.9 billion, was led by existing investor Accel and D1 Capital Partners with participation from Luxor Capital and SoftBank Vision Fund, another previous investor. The company intends to use the funds to further accelerate its… Continue reading goPuff Raises $380M; Valued at $3.9 Billion