Category: raises

LumApps raises $70M Series C led by Goldman Sachs
, ,

LumApps raises $70M Series C led by Goldman Sachs

LumApps, the cloud-based social intranet for the enterprise, has closed $70 million in Series C funding. Leading the round is Goldman Sachs Growth, with participation from Bpifrance via its Growth Fund Large Venture. Others participating include Idinvest Partners, Iris Capital, and Famille C (the family office of Courtin-Clarins). The round brings the total raised by…

Read More
Soft Robotics raises $23 million from investors including industrial robot giant FANUC
, ,

Soft Robotics raises $23 million from investors including industrial robot giant FANUC

Robotics startup company Soft Robotics has closed its Series B round of funding, raising $23 million led by Calibrate Ventures and Material Impact, and including participation from exiting investors including Honeywell, Yahama, Hyperplane and more. This round also brings in FANUC, the world’s largest maker of industrial robots and a recently announced strategic partner for…

Read More
Joby Aviation raises $590 million led by Toyota to launch an electric air taxi service
, ,

Joby Aviation raises $590 million led by Toyota to launch an electric air taxi service

Joby Aviation has raised a $590 million Series C round of funding, including $394 million from lead investor Toyota Motor Corporation, the company announced today. Joby is in the process of developing an electric air taxi service, which will make use of in-house developed electric vertical take-off and landing (eVTOL) aircraft that will in part…

Read More
NextNav raises $120M to deploy its indoor positioning tech to find people in skyscrapers
, ,

NextNav raises $120M to deploy its indoor positioning tech to find people in skyscrapers

NextNav LLC has raised $120 million in equity and debt to commercially deploy an indoor positioning system that can pinpoint a device’s location — including which floor it’s on — without GPS . The company has developed what it calls a Metropolitan Beacon System, which can find the location of devices like smartphones, drones, IoT…

Read More
Codagenix raises $20 million for a new flu vaccine and other therapies
, ,

Codagenix raises $20 million for a new flu vaccine and other therapies

Codagenix, a company developing vaccines and viral therapies for illnesses ranging from the flu and respiratory viruses to dengue fever has raised $20 million in a new round of financing. The company’s new investment round was led by Adjuvant Capital with additional participation from Euclidean Capital and Topspin Partners . Codagenix will use the funds…

Read More
Shipfix raises $4.5M seed for its dry cargo shipping platform
, ,

Shipfix raises $4.5M seed for its dry cargo shipping platform

Shipfix, a relatively new startup aiming to drag the dry cargo shipping industry into the digital age, has raised $4.5 million in seed funding. Leading the round is Idinvest Partners, with participation from Kima Ventures, The Family, Bpifrance and strategic business angels. The company was founded in December 2018 by Serge Alleyne (CEO) and Antoine…

Read More
Pay Raises and Training Expand in Donald Trump’s Tight Labor Market
,

Pay Raises and Training Expand in Donald Trump’s Tight Labor Market

Companies will face greater pressure in 2020 to recruit and train blue-collar Americans and also to pay extra wages, say company officials and economists. Under the headline, “Employers Turn to On-the-Job ‘Boot Camps’ to Fill Out Workforce,” the Wall Street Journal reported Dec. 22: LOS ALAMOS, N.M.—Michael Colyer doubled his salary when he got into…

Read More
Coral raises $4.3M to build an at-home manicure machine
, ,

Coral raises $4.3M to build an at-home manicure machine

Coral is a company that wants to “simplify the personal care space through smart automation,” and they’ve raised $4.3 million to get it done. Their first goal? An at-home, fully automated machine for painting your nails. Stick a finger in, press down, wait a few seconds and you’ve got a fully painted and dried nail.…

Read More
Terradepth raises $8 million to build a fleet of autonomous deep ocean data robots
, ,

Terradepth raises $8 million to build a fleet of autonomous deep ocean data robots

Plenty of the ocean remains unexplored, even though it’s a huge trove of potentially valuable information. Current methods for mapping and gathering ocean data, especially deep-ocean data, generally require humans in the mix (even if controlling vehicles remotely), are immensely expensive and are not designed for long periods of operation. Startup Terradepth, founded by two…

Read More