Pony.ai, a Fremont, California-based autonomous driving company, raised $462m in funding. The new round puts Pony.ai’s valuation at just over $3 billion. As part of it, Toyota Motor Corporation made a $400m investment. In August 2019, Pony.ai and Toyota initiated joint autonomous driving pilots in China. This year’s strategic investment will expand the partnership’s scope… Continue reading Pony.ai Raises $462M in Funding; Valued at $3 Billion
Author: FINSMES Online News
Qure.ai Raises $16M in Funding
Qure.ai, a Mumbai, India-based healthcare AI company, raised $16M in funding. The round was led by Sequoia India with participation from MassMutual Ventures Southeast Asia (SEA). The company intends to use the funds to drive geographical expansion, expand product portfolio and support regulatory clearances. Founded in 2016 by Prashant Warier and Dr. Pooja Rao, and… Continue reading Qure.ai Raises $16M in Funding
FogHorn Raises $25M in Series C Funding
FogHorn, a Sunnyvale, Calif.-based developer of intelligence edge computing software for industrial and commercial IoT application solutions, closed $25m in series C round of funding. The round – which brought total funding raised to date to $72.5m – was led by LS Corp., with participaiton from Forte Ventures and existing investors Dell Technologies Capital, Intel… Continue reading FogHorn Raises $25M in Series C Funding
HeadSpin Raises $60M in Series C Funding at $1.16 Billion Valuation
HeadSpin, a Palo Alto, Calif.-based company that ensures connected experiences enabled by web, mobile, IoT and 5G, raised $60m in Series C funding. The round – brings the total amount raised since inception to $117m and valuation to $1.16 billion – was led by Dell Technologies Capital and ICONIQ Capital with participation from institutional investors… Continue reading HeadSpin Raises $60M in Series C Funding at $1.16 Billion Valuation
DSP Concepts Raises $14.5M in Series B Funding
DSP Concepts, a Santa Clara, Calif.-based voice recognition company, has raised $14.5m in Series B funding. The round was led by Taiwania Capital, with participation from BMW i Ventures, Sony Innovation Fund by IGV, MediaTek Ventures, Porsche Ventures and the ARM IoT Fund. The company intends to use the funds to expand operations and its… Continue reading DSP Concepts Raises $14.5M in Series B Funding
Digital Motors Receives Funding
Digital Motors, a Irvine, Calif.-based automotive retail and financial technology company, raised an undisclosed amount of funding. Autotech Ventures led the financing round and its managing director Alexei Andreev has joined the company’s Board of Directors. Other investors in Digital Motors include Jaguar Land Rover’s London-based InMotion Ventures, OpenRoad Auto Group, Maryann Keller, and Ryan… Continue reading Digital Motors Receives Funding
UltraSense Systems Raises $20M in Series B Funding
UltraSense Systems, a San Jose, Calif.-based creator of touch user interface technology using 3D ultrasound for smartphones, cars, home appliances, IoT and medical devices, raised $20m in Series B funding. The round, which brought its fundraising total to $24m, was led by Artiman Ventures and Robert Bosch Venture Capital with participation from Abies Ventures, Asahi… Continue reading UltraSense Systems Raises $20M in Series B Funding
MotoRefi Secures $8.6M in Series A Funding
MotoRefi, an Arlington, VA-based innovative auto refinance platform, raised $8.6M in Series A funding. The round was co-led by Accomplice and Link Ventures with participation from Motley Fool Ventures, CMFG Ventures (part of CUNA Mutual Group), Gaingels and others. Rob Chaplinsky, Managing Director of Link Ventures, and Rachel Holt, former Uber executive and Co-Founder at… Continue reading MotoRefi Secures $8.6M in Series A Funding
Intuition Robotics Raises $36M in Series B Funding
Intuition Robotics, a Ramat Gan, Israel-based developer of digital companion technologies, raised $36M in Series B funding. The round, which brought total funding to $58M, was co-led by SPARX Group and OurCrowd, with participation from Toyota AI Ventures, Sompo Holdings, iRobot, Union Tech Ventures, Happiness Capital, Samsung Next, Capital Point and Bloomberg Beta. In conjunction… Continue reading Intuition Robotics Raises $36M in Series B Funding
Carbon Relay Raises $63M in Funding
Carbon Relay, a Boston, MA and Washington, DC-based provider of a solution to optimize application performance in Kubernetes environments, raised $63m in funding. Insight Partners made the investment. The company intends to use the funds to accelerate the growth of its Red Sky Ops solution for optimizing application performance in Kubernetes environments. Founded in 2015… Continue reading Carbon Relay Raises $63M in Funding