Envisics, a UK based holographic technology company, raised approx. $50m in Series B funding. Backers included Hyundai Mobis, GM Ventures, the venture capital subsidiary of General Motors, SAIC Capital, the venture investment business of SAIC Motors and Van Tuyl Companies, a US-based family office investment firm. The company intends to use the funds to accelerate… Continue reading Envisics Raises Approx. $50m in Series B Funding
Author: FINSMES Online News
Uber Freight Raises $500M in Funding
Uber Freight, the logistics arm of Uber Technologies, Inc. (NYSE: UBER), raised $500M in Series A preferred stock financing. An investor group led by Greenbriar Equity Group, L.P., a New York-based investment firm, committed to invest in the unit valuing it at $3.3 billion on a post-money basis. In conjunction with the investment, Michael Weiss… Continue reading Uber Freight Raises $500M in Funding
Turntide Technologies Raises $33M in Funding
Turntide Technologies, a Sunnyvale, Calif.-based company responsible for a sustainable electric motor with digital DNA, completed a $33m funding round. Backers included The Amazon Climate Fund, Meson Capital, BMW iVentures, JLL Spark, WIND Ventures, and Tony Fadell’s Future Shape. The company intends to use the funds to continue to expand its business and development efforts. Led by Chairman and CEO Ryan Morris, Turntide makes… Continue reading Turntide Technologies Raises $33M in Funding
Aurora Labs Raises $23M in Series B Funding
Aurora Labs, a Tel Aviv, Israel-based provider of self-healing software for connected cars, secured $23m in Series B funding. The round was led by LG Technology Ventures, the investment arm of the LG Group, and Marius Nacht, co-founder of Check Point Software Technologies. Porsche SE, majority owner of the VW group which includes Volkswagen, Audi,… Continue reading Aurora Labs Raises $23M in Series B Funding
Humatics Raises $30M in Series B Funding
Humatics, a Waltham, Mass.-based microlocation technology company, secured $30m in Series B funding. The round, which brought its total raised to over $80m, was led by Blackhorn Ventures with participation from Tenfore Holdings, Fontinalis Partners, Airbus Ventures, Lockheed Martin Ventures, and Presidio Ventures. The company intends to use the funds to expand its talent pool, scale its… Continue reading Humatics Raises $30M in Series B Funding
SpotHero To Buy Rover Parking To Expand in Canada
SpotHero, a Chicago, IL-based digital parking leader in North America, is to acquire Rover Parking, a consumer parking app in Canada. The amount of the deal – expected to close in the fourth quarter of 2020 – was not disclosed. This acquisition accelerates SpotHero’s market leadership position in North America, gaining access to thousands of… Continue reading SpotHero To Buy Rover Parking To Expand in Canada
Xometry Raises $75M in Equity Funding
(PRNewsfoto/Xometry) Xometry, a Gaithersburg, Md.-based on-demand manufacturing marketplace, completed an $75M equity funding. The round was led by funds and accounts advised by T. Rowe Price Associates, Inc. Durable Capital Partners LP and ArrowMark Partners also participated in the round, along with previous venture and strategic investors BMW i Ventures, Greenspring Associates, Dell Technologies Capital,… Continue reading Xometry Raises $75M in Equity Funding
Ouster Lidar Raises $42M in Series B Funding
Ouster, a San Francisco, CA-based provider of high-resolution digital lidar sensors for autonomous transportation, robotics, industrial automation, and smart infrastructure, raised $42m in Series B funding. The backers were not disclosed. The company intends to use the funds for product development and fuel of worldwide sales. Led by Angus Pacala, CEO, and Mark Frichtl, CTO,… Continue reading Ouster Lidar Raises $42M in Series B Funding
Zoomo Raises US$11M in Series A Funding
Zoomo (fka Bolt Bikes), an Australian mobility startup, closed a US$11M Series A funding. The round was led by the Australian Clean Energy Finance Corporation (CEFC) with a US$5m equity investment with participation from Hana Ventures and existing investors Maniv Mobility and Contrarian Ventures, together with venture debt from OneVentures and Viola Credit. The company… Continue reading Zoomo Raises US$11M in Series A Funding
Motiv Power Systems Secures $15M In Additional Funding
Motiv Power Systems, a Foster City, Calif.-based a sustainable technology company delivering all-electric chassis with a proven software platform for the electrification of medium-duty trucks and buses, secured $15 million of additional funding. GMAG Holdings Corp. provided the funding, which will be made by means of convertible notes that are expected to be converted into a Series… Continue reading Motiv Power Systems Secures $15M In Additional Funding