Category: Hardware

• Mantle secures $20 million in Series C funding to expand metal 3D printing technology for precision tooling
• The funding round led by Schooner Capital and joined by existing investors will support market expansion and scaling of manufacturing
• Mantle’s advanced manufacturing platform, TrueShape, aims to revolutionize the global tooling industry
• Heyco Products, a US-based manufacturer, benefits from Mantle’s technology to reduce time to market and enhance toolroom efficiency
• The global demand for moulded parts and toolmaking is increasing, driving manufacturers to seek innovative solutions like Mantle’s metal 3D printing technology

Mantle Bags $20M in Series C Funding to Expand Metal 3D Printing Technology

Metal 3D printing technology has been gaining significant traction in various industries due to its ability to revolutionize manufacturing processes. Read more

• Switchee secures £5m to tackle mould in social housing with its technology to prevent mould and lower heating bills
• The company’s internet-connected thermostat measures humidity, temperature, and pressure to analyze data for mould prevention and improved tenant-landlord communication
• Founded in 2015, Switchee aims to create positive social and environmental change by installing its technology in one million UK social housing properties
• The investment will support the development of offerings in smart meter data integration and heat pump compatibility
• Switchee’s devices have been deployed through government-funded initiatives like the Social Housing Decarbonisation Fund, contributing to the reduction of home heating impact on the environment

Tackling Mould in Social Housing: Switchee’s Mission

In a significant development for the housing technology sector, Switchee has secured an impressive £5m in funding to tackle mould in social housing. Read more

• Deep Tech Funding: First Momentum introduces Deep Tech Hardware Napkin as a resource for European hardware deep tech teams.
• The Deep Tech Hardware Napkin aims to provide essential knowledge and benchmarks for funding, team composition, product development, and commercialization tailored to Europe’s deep tech sector.
• A survey conducted by First Momentum revealed that teams led by highly technical CEOs tend to secure more funding at Seed and Series A stages.

• Up to $1.6 billion in funding allocated for packaging computer chips under the CHIPS Act
• U.S. aims to innovate chip packaging technology to enhance applications like artificial intelligence
• Concerns over U.S. reliance on foreign companies for chip packaging, mainly in Asia
• U.S. industry players working on packaging research independently, while government support is available
• Introduction of the National Advanced Packaging Manufacturing Program with an estimated $3 billion in total funding

Packaging Computer Chips: U.S.

• Fabrito, a B2B fabric marketplace, secures significant funding led by Green Trunk Ventures.
• Angel investors include key figures from OYO, Laurus Bio, and McKinsey.
• The investment aims to enhance technology infrastructure, specifically in SaaS, for fabric suppliers and fashion brands.
• Fabrito plans to address traditional fabric sourcing challenges like fragmented supply and high MOQs by strengthening relationships in India’s textile hubs.

• Ohio’s Polymer Cluster in Northeast Ohio awarded $51 million in federal funding through the Tech Hubs program
• The investment aims to transform the region into a global innovation center for polymer industry
• Focus on sustainable polymers research with projects like tire recycling, bio-based rubber, and carbon nanotube composites
• Expected outcomes include job creation, private investment, economic impact, and workforce development
• The cluster was previously designated as the U.S.

• Cardiac Diagnostics Tech receives $400k funding boost for innovative health project
• AI-driven technology by Lubdub Technologies allows remote tracking of cardiac health
• Funding program supports innovative health initiatives for local communities
• Project aims to revolutionize heart care by providing rapid cardiac assessment at home
• Lions Eye Institute also funded for collaborative eye care model in Midland, addressing need for timely specialist eye care

The Future of Cardiac Diagnostics Tech

Cardiac Diagnostics Tech, a groundbreaking AI-driven health digitization technology, has recently received a significant funding boost of $400,000 from the State Government. Read more

• US DOE launches $5m water power fund to support development of new technologies
• Water power technologies are crucial for achieving clean electricity sector by 2035 and net-zero-emissions economy by 2050
• Fund aims to commercialize and adopt water power systems like hydropower and marine energy
• Water power systems help balance electricity grids with renewable sources like wind and solar
• WPTO funding supports entrepreneurship, business creation, and economic innovation in water power sector

Introduction: US DOE Launches $5m Water Power Fund

Water power technologies are crucial for achieving a clean electricity sector by 2035 and a net-zero-emissions economy by 2050. Read more

• Rock Tech to receive up to 100 million EUR in direct grants for its German Lithium refinery, with funding provided by the State of Brandenburg and the German Railway Authority
• Binding letter of intent signed by the Minister for Economic Affairs in Brandenburg for up to 90 million Euros in subsidies for the Guben Project
• Application for federal funding from the German Railway Authority progressing well for an additional 10 million Euros in grants
• Targeting governmental financial support of up to 500 million Euros, with subsidies under the “Anschlussbahnförderung” to support logistics concept
• Project milestones include feedstock agreement with C&D Logistics Group, construction and operations permit approvals, and progress in financing steps.

• Samsara Eco secures $100m funding to scale its enzymatic plastic recycling tech
• Funding supports diversion of millions of tonnes of plastics from landfills and incineration
• Capital will aid construction of new facilities in southeast Asia for recycling plastic waste
• Samsara Eco to expand global team and library of plastic-eating enzymes
• Latest funding led by Temasek and Main Sequence, with support from lululemon and Hitachi Ventures

Samsara Eco Secures $100m Funding to Scale Plastic Recycling Tech

In a significant move towards combating the mounting issue of plastic waste pollution, Samsara Eco, an Australian enviro-tech company, has recently secured a substantial $100 million in funding. Read more

• Vertus Energy secures €8.75M Seed funding for Waste-to-X biotech solutions
• Waste-to-X involves treating waste as a resource for energy and valuable products
• Vertus’ BRIO technology enhances energy production in anaerobic digestion plants
• Funding led by Energy Capital Ventures, supported by Blackbird and other investors
• Focus on accelerating BRIO technology adoption in various renewable energy applications

Revolutionizing the Energy Sector: Vertus Energy’s €8.75M Seed Funding for Waste-to-X Biotech Solutions

In a significant development in the energy industry, industrial biotech company Vertus Energy has successfully raised €8.75 million in Seed funding. Read more

• GreenSpur, a unit of Time To ACT, secures €705,000 funding for developing REE-free magnet technology for industrial applications, particularly wind turbine generators
• Funding awarded by BEETHOVEN Project, a European initiative for sustainable development of magnetic materials in renewable energy supply chains
• Rare earth-free magnetic materials to substitute magnets containing REEs like neodymium, praseodymium, dysprosium, and terbium in wind turbines and electric vehicles
• GreenSpur’s technology eliminates the need for REEs and copper coils in wind turbine generators, aligning with BEETHOVEN Project goals
• BEETHOVEN Project involves 14 partners across 10 European countries to reduce reliance on REEs, with a total budget of €7.5m under the Horizon Europe grant funding program

REE-free Magnet Technology: GreenSpur Secures Funding for Innovative Development

In a significant move towards sustainable energy solutions, Time To ACT’s subsidiary, GreenSpur, has been granted €705,000 (£613,000) to bolster the advancement of a high-powered magnet that is free from rare earth elements. Read more

• Rondo Energy secures €75M project funding with Breakthrough Energy Catalyst and the European Investment Bank for industrial decarbonization projects in Europe
• Three Rondo Heat Battery installations will provide low-cost clean energy for food, clean fuel, and chemical production
• Rondo’s technology converts intermittent renewable electricity into continuous, high-temperature heat and power for industries
• Projects include decarbonization for Covestro’s chemical production, GreenLab’s green industrial park, and a European food and beverage producer
• Breakthrough Energy Catalyst aims to accelerate deployment of emerging climate technologies to reduce emissions and strengthen energy security in Europe

Decarbonizing Industrial Processes with Rondo Energy Project Funding

In a significant move towards decarbonizing industrial processes across Europe, Rondo Energy has secured a substantial €75 million in project funding in collaboration with Breakthrough Energy Catalyst and the European Investment Bank. Read more

• Bovonic secures $940,000 investment for QuadSense mastitis detection technology
• QuadSense offers affordable and user-friendly solution for dairy farmers to detect mastitis
• Capital funding to accelerate production, sales, and international expansion of QuadSense
• Future plans include developing advanced features and seeking additional funding for expansion
• Biosecurity levy reduction to combat Mycoplasma bovis in the dairy industry

Mastitis Detection Technology: Bovonic’s QuadSense Secures Investor Funding

In the realm of agricultural technology, the buzz surrounding mastitis detection technology has never been more palpable. Read more

• Bright Machines secures $106 million in Series C funding from top investors like Nvidia and Microsoft, aiming to revolutionize manufacturing with advanced robotics and AI
• Investors backing Bright Machines include Nvidia, Microsoft, Eclipse Ventures, Jabil, and BlackRock, with an additional $20 million in debt from J.P. Morgan for expansion
• The funding will enhance robotics, computer vision, and automation engineering, with technology capable of cutting AI server hardware build times significantly
• Efficient manufacturing solutions from Bright Machines are expected to boost production timelines, particularly for AI servers and mobile devices, benefiting companies investing in AI products
• Bright Machines’ advancements in robotics and automation could set new standards in manufacturing, potentially impacting global supply chains and triggering innovation across various sectors

Bright Machines Secures $106 Million Series C Funding

In a significant development for the manufacturing industry, Bright Machines, the AI-focused startup based in San Francisco, has successfully secured $106 million in Series C funding. Read more

• Aquila secures AUD $2 million to advance drone charging technology
• Funding led by Alua Group with contributions from Blackbird and Icehouse
• Lightway Sentry is world’s first optical power-beaming product for wireless drone charging
• Utilizes photonics to transmit light beams to solar cell receivers on drones
• Testing partners include Quickstep and Surf Life Saving New Zealand; interest from DARPA; aims to extend technology to larger drones

Aquila Secures AUD $2 Million to Advance Drone Charging Technology

In the realm of innovative technology, Aquila, a deep tech startup, has recently secured an impressive AUD $2 million in funding to propel its drone charging technology forward. Read more

• DOE providing up to $900 million for initial U.S. deployments of Generation III+ small modular reactor (SMR) technologies
• Funding aims to strengthen domestic nuclear industry, support clean energy and climate goals
• Notice of intent issued by DOE’s Office of Clean Energy Demonstrations and Office of Nuclear Energy
• Funding to be executed through two tiers: Tier 1 for first-mover teams, Tier 2 to address key gaps hindering industry
• SMRs are versatile, can be deployed in various settings, and complement renewables; part of global energy investment shift towards clean technologies

DOE to Fund Small Modular Reactor Tech with Up to $900MM

The U.S. Read more

• Redge Technologies secures NCBiR funding for R&D project focusing on user redirection and network analysis
• Project receives PLN 6 million, scheduled until March 2027, aims to optimize content delivery network
• Utilizes AI and machine learning to dynamically redirect users for optimal content delivery
• Addresses rising demand for network bandwidth due to increased video content consumption
• Aims to provide users with higher quality streaming and smoother transmission without requiring additional bandwidth

Redge Technologies Secures NCBiR Funding for R&D Project

Redge Technologies, a leading player in the technology industry, has recently made headlines by securing substantial funding from the National Centre for Research and Development (NCBiR) for their latest research and development project. Read more

• SAVA secures $8 million in Seed funding for its health monitoring microsensor technology
• The microsensor is designed to provide real-time, painless monitoring of molecules in the interstitial fluid
• Initial focus is on glucose monitoring for diabetes patients, with approval for clinical trials in the UK
• Future plans include multi-analyte sensing for a wide range of health conditions and applications
• Funding will be used to expand team, develop next-gen products, and demonstrate clinical performance

Revolutionizing Healthcare with SAVA’s Health Monitoring Microsensor

Health monitoring has taken a significant leap forward with the introduction of SAVA’s groundbreaking microsensor technology. Read more

• Nanomaterial producer iGii secures £8.8 million funding to boost production
• iGii develops Gii™, a 3D foam made from carbon atoms with properties of graphene
• Gii-Sens™ used in new battery-free sensor for testing lactic acid in athletes
• Funding led by Scottish National Investment Bank and existing shareholders
• Cash injection to scale manufacturing of Gii-Sens™ for diagnostic sensors, with plans for other applications

Boosting Nanomaterial Production with iGii’s £8.8M Funding

Nanomaterial producer iGii has recently secured a substantial £8.8 million in funding to propel the production of nanomaterials to new heights. Read more

• Black Semiconductor secures €254.4 million in funding, with €228.7 million from German Ministry of Economic Affairs and Climate Action and €25.7 million in equity funding.
• Funding round led by Porsche Ventures and Project A Ventures, with participation from Scania Growth Capital, Capnamic, and others.
• Company founded in 2020 by Dr. Daniel Schall and Sebastian Schall, developing chip networks using graphene for improved performance and energy efficiency.

• Nave Analytics, an AgTech startup, secured $400k in funding to enhance its Irrigation Analytics Tool and expand globally
• The funding round included investors like Invest Nebraska, Husker Venture Fund, Nelnet, and Nebraska Angels Capital Group
• Nave Analytics developed a sensor-free irrigation platform that provides soil moisture information for efficient water use
• The company plans to use the funding for R&D, software development, and global market expansion
• Nave Analytics team, led by experienced entrepreneurs, aims to drive efficient water use in agricultural irrigation through innovative technology

Nave Analytics Secures $400k in Pre-Seed Funding For Its Irrigation Analytics Tool

In the realm of agricultural technology, innovation is key to ensuring efficient and sustainable practices. Read more

• Canary Technologies secures $50 million in Series C funding led by Insight Partners
• Total fundraising for Canary Technologies reaches nearly $100 million with participation from existing investors
• Company provides enterprise-grade hospitality AI solutions for top hotel brands and short-term rental professionals
• Focus on transforming hotel and hospitality tech landscape with end-to-end guest management platform
• Funding milestone reflects demand for Canary’s products and commitment to innovation in delivering best-in-class solutions

Canary Technologies’ $50 Million Series C Funding Round

Canary Technologies, a leading hospitality management technology firm based in the US, has recently announced that it has successfully raised $50 million in a Series C funding round. Read more

• Semiconductor funding Europe: Black Semiconductor secures $274 million in funding, propelling Europe’s tech industry forward.
• Europe’s semiconductor industry gains prominence, sparking a rush for tech firms to excel in chip manufacturing.
• Black Semiconductor’s funding enhances Europe’s position in global tech, showcasing talent and innovation.
• Increasing demand for semiconductors underscores the crucial role of technology in advancing society.
• Investment in semiconductor industry vital for technological progress and global collaboration, shaping a balanced tech landscape.

• Canon Oceania launches 2024 Grants Program with AUD $40,000 fund
• Grants aim to support community organizations in Education, Community, Environment, and First Nations categories
• Survey shows 49% of Australians might have chosen different careers with better access to visual technology
• Canon’s Grants Program aims to bridge the technological equity gap in communities
• Previous recipients have used funding and equipment to create positive change, with over AUD $550,000 distributed since program inception

Canon Oceania Launches 2024 Grants Program

Canon Oceania has kicked off its 2024 Grants Program, offering a total fund of AUD $40,000 to individuals and organizations in Australia and New Zealand. Read more

• Black Semiconductor secures EUR 228.7mn in public funding from German Ministry of Economic Affairs and Climate Action and state of North Rhine-Westphalia, alongside EUR 25.7mn in equity funding led by Porsche Ventures and Project A Ventures
• Founded in 2020, Black Semiconductor is developing graphene-based chip technology to enhance data communication, improve performance, energy-efficiency, and reduce manufacturing costs
• Aiming to enable mass production of graphene semiconductors in compliance with industry standards to facilitate chip-to-chip connections and address limitations in silicon chip architecture
• New technology targets transformative applications in data centers, AI, and autonomous driving by overcoming existing barriers in chip technology
• Funding to accelerate R&D initiatives, establish pilot line manufacturing in Aachen, create 90 new high-tech positions, and inaugurate pilot manufacturing facility by 2026

Black Semiconductor Funding: Revolutionizing Semiconductor Technology in Europe

In a groundbreaking move for the European semiconductor industry, Black Semiconductor has secured significant funding to propel the development and deployment of its cutting-edge chip technology. Read more

• Myriota secures $1.5 million Mars to Moon funding for innovative Habitat immersion
• Funding from Australian Space Agency’s initiative to develop communication payload for off-world environments
• Myriota Habitat unveiled at Lot Fourteen by South Australia’s Premier, enhancing IoT capabilities
• Project aims to create job opportunities, enhance sovereign capabilities, combat climate issues
• Myriota’s IoT solutions address global challenges, promote local and international partnerships

Myriota Secures Mars to Moon Funding: A Game-Changer in Space Communications

In a groundbreaking move, Adelaide’s Myriota has secured a $1.5 million grant from the Australian Space Agency’s Moon to Mars Initiative Demonstrator Mission Grants. Read more

• Xocean secures €30 million in Series B funding led by Venturewave Capital to enhance ocean data technology
• Xocean, founded in 2017, uses uncrewed surface vessels for offshore data collection, focusing on seabed mapping and marine environment monitoring
• The company serves a diverse clientele globally, particularly in the offshore wind market, expanding operations to multiple countries
• Xocean aims to increase its workforce to 500 employees, emphasizing sustainable ocean development and supporting renewable energy initiatives
• Investments from Endeavor Catalyst, Enterprise Ireland, and European Investment Bank will drive Xocean’s international growth and product innovation

Xocean Secures €30M Funding to Enhance Ocean Data Technology

In a significant development for the marine technology sector, Xocean has successfully secured €30 million in a Series B funding round aimed at enhancing its ocean data technology capabilities. Read more

• Battery Smart raises $65 million at $340-million valuation
• Modi 3.0 introduces familiar faces and fresh additions in the Cabinet
• India plans policy changes for job creation and investment under Modi’s leadership
• NEET credibility restoration poses a challenging task
• Markets experience a tailspin due to election results and global giant’s entry into Blinkit and Zepto’s turf

Battery Smart Funding: A Boost for Innovation and Sustainability

Battery Smart Raises $65 Million at $340-Million Valuation

In the realm of renewable energy and sustainability, the importance of innovative battery technology cannot be overstated. Read more

• Scottish company Sofant Technologies secures £3.4 million funding to develop satellite technology that significantly reduces power usage in wireless communications.
• Funding from existing investors EMV Capital, Scottish Enterprise, and Kelvin Capital to support completion of core technology development and shipment of beta versions of satellite antennas.
• Sofant’s RF MEMS technology integrates mechanical and electromechanical components to reduce power consumption by over 70% compared to existing systems.