Transaction strengthens competitive positions and strategic growth opportunities OSHKOSH, Wis.–(BUSINESS WIRE)–$OSK–Oshkosh Corporation (NYSE:OSK), a leading innovator of mission-critical vehicles and essential equipment, today announced the completion of the previously announced acquisition of Pratt Miller, which specializes in advanced engineering, technology and innovation across the motorsports and multiple ground vehicle markets, for a cash-free, debt-free purchase… Continue reading Oshkosh Corporation Completes Acquisition of Pratt Miller
Author: FINSMES Online News
Tactile Mobility Receives Strategic Investment
Tactile Mobility, a Haifa, Israel-based tactile virtual sensing and data company, secured funding from Nexteer Automotive and The Group Ventures. The investment acts as an extension to the previous $9 million round led by Porsche, and as a bridge to the next round of funding and brings total funding in the company to over $20M. The company plans to utilize… Continue reading Tactile Mobility Receives Strategic Investment
Parallel Domain Raises $11M in Series A Funding
Parallel Domain, a Palo Alto, Calif.- and Vancouver, BC, Canada-based synthetic data generation platform, raised $11m in Series A funding. The round was led by Foundry Group, with participation from Calibrate Ventures and existing investors Costanoa Ventures, Ubiquity Ventures, and Toyota AI Ventures. The company intends to use the funds to expand the footprint of its… Continue reading Parallel Domain Raises $11M in Series A Funding
Aurora is Acquiring Uber’s Self-Driving Unit, Advanced Technologies Group, Accelerating Development of the Aurora Driver
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
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