Recogni, Inc., a San Jose, CA-based designer of a vision-oriented artificial intelligence platform for autonomous vehicles, raised $25m in Series A financing. The round was led by GreatPoint Ventures with participation from Toyota AI Ventures, BMW i Ventures, Faurecia, Fluxunit and DNS Capital. The company intends to use the funds to continue to develop its… Continue reading Recogni Raises $25M in Series A Funding
Author: FINSMES Online News
Toyota Invests $600m in DiDi Chuxing
[from left to right] Stephen Zhu, Senior Vice President of Didi Chuxing; Shigeki Tomoyama, Executive Vice President of Toyota Motor Corporation Toyota Motor Corporation and Didi Chuxing have expanded their collaboration in Mobility as a Service (MaaS) in China. As part of this deal, Toyota will invest $600m (approximately 66 billion yen) in DiDi and… Continue reading Toyota Invests $600m in DiDi Chuxing
Freedom Robotics Closes $6.6M Seed Funding Round
Freedom Robotics, a San Francisco, CA-based provider of cloud and on-device software for monitoring, control and management of robots and robotic fleets, closed a $6.6M seed funding. The round was led by Initialized Capital, with participation from Toyota AI Ventures, Liquid 2 Ventures, Andrew Miklas from S28 Capital, and James Lindenbaum, and existing investors Green… Continue reading Freedom Robotics Closes $6.6M Seed Funding Round
UVeye Raises $31m in Funding
UVeye, a Stamford, Connecticut and Tel Aviv, Israel-based company which provides solutions for automatic external inspection of vehicles, raised an additional $31m in funding. The round, which brought total funds raised since 2017 to $35m, was led by Toyota Tsusho, Volvo Cars and W. R. Berkley Corporation. Led by Amir Hever, CEO, UVeye has developed… Continue reading UVeye Raises $31m in Funding
Xometry Receives $5M Investment from Robert Bosch Venture Capital
Xometry, a Gaithersburg, MD-based large on-demand manufacturing marketplace, received an approx. $5m investment from Robert Bosch Venture Capital. RBVC will join the company’s recently announced Series D round. This additional investment brings the total amount raised in the Series D to $55MM. Xometry has raised $118MM overall. Led by Randy Altschuler, co-founder and CEO, Xometry… Continue reading Xometry Receives $5M Investment from Robert Bosch Venture Capital
Powerhive Closes US$9.3M Series B Funding
Powerhive, a Berkeley, CA-based energy solutions and technology provider for emerging markets, closed an US$9.3m Series B round of funding. Backers included Toyota Tsusho Corporation (Toyota Tsusho), a general trading company and a member of Toyota Group, Kouros, To:org, as well as existing investors Tao Capital, James Sandler, Prelude Ventures, Caterpillar Ventures, and Total Energy… Continue reading Powerhive Closes US$9.3M Series B Funding
Maniv Mobility Closes Second Venture Capital Fund, at $100M
Maniv Mobility, a Tel Aviv, Israel-based mobility venture capital firm, closed its second fund, at $100M. Limited partners include Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, Aptiv, BMW i Ventures, Hyundai Motor Group, Lear Corp, LG Electronics, Shell Ventures and Valeo, Deutsche Bahn Digital Ventures, the venture arm of the German rail and… Continue reading Maniv Mobility Closes Second Venture Capital Fund, at $100M
PayByPhone UK Acquires Mirada Connect
PayByPhone UK Ltd, a mobile parking payments company and a subsidiary of Volkswagen Financial Services, acquired Mirada Connect Ltd, a provider of cashless parking services through Connect Cashless Parking, from Mirada plc (AIM: MIRA). The amount of rhe deal was not disclosed. The acquisition, the first for PayByPhone UK under Volkswagen Financial Services ownership, represents… Continue reading PayByPhone UK Acquires Mirada Connect
Spring Labs Raises $23M in Series A Funding
Spring Labs, a Chicago, IL- and Los Angeles, CA-based developer of a blockchain-based platform to share information and data globally, raised $23m in Series A funding. The round was led by GreatPoint Ventures with participation from existing investors August Capital, as well as General Motors Ventures, the corporate venture capital arm of General Motors, RRE… Continue reading Spring Labs Raises $23M in Series A Funding
Gatik Launches with $4.5M in Seed Funding
Gatik, a Palo Alto, CA-based startup deploying autonomous vehicles for business to business (B2B) short-haul logistics, launched with a $4.5m seed funding round. The round, completed last year, was led by Innovation Endeavors, with participation from Trucks Venture Capital; Dynamo Venture Capital; Fontinalis Partners; and AngelPad. Founded in 2017 and led by Gautam Narang (CEO),… Continue reading Gatik Launches with $4.5M in Seed Funding