Category: Hardware

• Wireless tech firm Sofant Technologies secures £3.4m follow-on funding led by EMV Capital
• Funds to be used for go-to-market strategy delivering satellite terminals for various applications
• Significant progress made in product commercialization with key contracts in place
• Sofant’s proprietary RF MEMS technology addresses challenges in wireless communication systems
• CEO David Wither expresses gratitude for investor support and anticipates transformative year ahead

Wireless Tech Funding: Sofant Technologies Secures £3.4m Investment

In the fast-paced world of technology, securing funding is crucial for companies looking to innovate and push the boundaries of what is possible. Read more

• Simon Fraser University secures over CA$80 million in funding for Cedar HPC system upgrade
• Upgrade aims to replace current Cedar supercomputer, matching or surpassing its performance
• Funding sources include Digital Research Alliance of Canada, Province of British Columbia, and in-kind contributions
• SFU’s Cedar supercomputer has facilitated groundbreaking research in areas like personalized medicine
• Investment in HPC facility at SFU to drive transformative innovations in healthcare, clean technologies, and artificial intelligence

Simon Fraser University Announces Cedar HPC System Upgrade

Simon Fraser University (SFU) has recently announced a significant upgrade to its high-performance computing (HPC) infrastructure at the Cedar National Host Site. Read more

• Xcimer Energy secures $100m funding to advance laser technology for inertial fusion energy
• Plans to establish a new facility in Denver, Colorado to construct a prototype laser system
• Aims to scale up inertial fusion science to industrial levels by developing a high-energy laser system
• Expanding technical team in Denver and appointing Giovanni Greco as senior vice-president of engineering
• Leveraging laser technologies from the 1980s Strategic Defense Initiative to advance fusion performance and simplify design of a laser fusion power plant

Advancing Laser Tech: Xcimer Secures $100m Funding

In a significant development for the field of laser technology, Xcimer Energy, an American nuclear fusion startup, has successfully secured $100 million in a Series A funding round. Read more

• Scottish clean tech company, Heero Technologies, secures additional £230,000 funding from TRICAPITAL and Scottish Enterprise
• Focus on improving energy efficiency of 19 million UK homes crucial for meeting net zero targets
• Heero Technologies’ App addresses challenges in energy retrofit projects, providing solutions for financing, installer selection, and technology choices
• Funding to support Heero Technologies in expanding opportunities across various sectors
• Heero Technologies is a B2B software and data company specializing in seamless installation of energy efficiency and renewable technologies; TRICAPITAL Angels support early-stage Scottish companies through investment and mentorship

Scottish Clean Tech Company Secures Further £230,000 Funding

In the realm of energy efficiency and renewable technologies, Scottish clean tech company, Heero TechnologiesTM, has recently made headlines by securing an additional £230,000 in funding. Read more

• China has established a $47 billion chiptech investment fund to enhance domestic semiconductor development, known as the ‘National Integrated Circuit Industry Investment Fund.’
• The fund comprises 344 billion yuan of capital, with government agencies and Chinese banks as major investors, aiming to support research, development, production, and application of the domestic integrated circuit industry.
• The fund’s third phase, registered in May, focuses on traditional equity investment, asset management, and venture capital fund management services, aiming for broader and more diversified investment strategies.

• Scottish space company Aurora Avionics secures six-figure funding to strengthen foothold in Scotland’s space sector
• Specializes in producing avionics systems for flight, driven by software guiding rockets
• Funding from Gabriel Investment Syndicate and Scottish Enterprise to expand engineering team
• Founders aim to revolutionize avionics technology for cost-effective rocket launches
• Growth and customer engagement validate engineering concepts, driving future development

Revolutionizing Space Travel: Scottish Space Company Aurora Avionics Secures Six-Figure Funding

In the ever-evolving world of space technology, Scottish space company Aurora Avionics is making waves with its innovative approach to avionics systems. Read more

• ZeroPoint Technologies secures €5M Series A funding for Memory Compression technology
• Funding led by Matterwave Ventures and Industrifonden, with support from existing investors
• Capital to be used for expanding sales, launching new products, and growing workforce
• CEO Klas Moreau highlights demand from semiconductor corporations and data center operators
• Hardware-based compression technologies gaining traction with leading hyperscalers

ZeroPoint Tech lands €5M Series A funding for Memory Compression Technology

ZeroPoint Technologies, a company at the forefront of memory compression technology, has recently secured a substantial EUR 5.0 million in Series A funding. Read more

• The US proposes $1 million in Chips Act funding for Kenya to support semiconductor sector
• President Biden aims to strengthen technological cooperation with Kenya
• Partnership under International Technology Security and Innovation Fund to enhance global supply chain security
• Discussion focuses on emerging technologies like artificial intelligence and privacy safeguards
• Kenyan President Ruto’s visit to US emphasizes countering Chinese and Russian influence, promoting democracy

Biden Administration Commits $1 Million for Kenya’s Semiconductor Sector

President Joe Biden’s administration has taken a significant step towards strengthening the tech industry relationship between the United States and Kenya. Read more

• ZeroPoint Technologies AB closes a EUR 5.0 million Series A funding round led by Matterwave Ventures and Industrifonden to scale sales, develop new products, and expand teams in Sweden and the US.
• ZeroPoint’s memory compression technology addresses memory bottlenecks in data centers, with key customers like Meta and Google seeking hardware-based compression solutions.
• The company’s hardware-accelerated compression and compaction solution reduces data redundancy, increases memory capacity by 2-4x, and boosts performance per watt by up to 50%.

• Vantis Vascular secures $5m in funding to develop intervention technologies
• The company has received a total of $24m from high-net-worth individuals and NIH grants
• Funds will be used to advance interventional cardiology and launch the CrossFAST system
• Lead products include the CrossFAST guide extension system and CrossSHOCK IVL system
• CEO and CMO express confidence in the potential impact of their technologies

Vantis Vascular Secures Funding to Advance Intervention Technologies

Vantis Vascular has successfully secured funding to further develop its intervention technologies, marking a significant milestone in the company’s journey towards revolutionizing vascular procedures. Read more

• NoPo Nanotechnologies secures USD 3 Mn in Pre Series A round led by Axilor’s Micelio Fund, Inflexor Ventures, and other climate deep tech investors
• Bengaluru-based startup NoPo Nanotechnologies secures Pre-Series A funding round of USD 3 Mn co-led by Axilor’s Micelio Fund and Inflexor Ventures
• Funds to be used for scaling up production, enhancing engineering capabilities, and executing global go-to-market strategy
• NoPo pioneers technology for producing high-quality Single-Walled Carbon Nanotubes (SWCNTs) with potential applications in EV batteries and semiconductors
• Company expanding production capacity to service global battery manufacturers and develop offerings for electronics/semiconductor customers

NoPo Nanotechnologies Secures USD 3 Mn in Pre Series A Funding Round

NoPo Nanotechnologies, a Bengaluru-based startup, has successfully secured a Pre-Series A funding round of USD 3 Mn. Read more

• NoPo Nanotechnologies, a Bengaluru-based startup, raised $3 million in pre-Series A funding from deep tech funds Axilor’s Micelio Fund and Inflexor Ventures, along with other climate-focused funds and angel investors.
• The funding will be used to enhance production, engineering capabilities, and global market strategy for NoPo Nanotechnologies, a company founded by Gadhadar Reddy and Kelley Bradley specializing in Single-Walled Carbon Nanotubes (SWCNTs).

• Bedrock Materials secures $9 million seed funding and establishes R&D headquarters in Chicago, focusing on producing materials for sodium-ion batteries as an eco-friendly alternative to lithium-ion batteries
• Chicago Mayor Brandon Johnson welcomes Bedrock Materials to the city, highlighting the strength of the talent pool and tech ecosystem
• Illinois Governor JB Pritzker applauds the company’s move, citing the state’s robust EV ecosystem and incentives package under the Reimagining Electric Vehicles in Illinois Act
• Bedrock Materials was attracted to Chicago due to the presence of strong materials science research institutions and Argonne National Laboratory’s expertise in sodium-ion battery development
• The company’s management team includes industry veterans from companies like Tesla, Volkswagen, and Apple, with a focus on advancing sodium-ion battery technology for a more sustainable future

Revolutionizing Battery Technology with Seed Funding in Chicago

In a significant move that is set to revolutionize the battery industry, Bedrock Materials, a cutting-edge startup specializing in eco-friendly sodium-ion batteries, has secured an impressive $9 million in seed funding. Read more

• European labs, led by imec, are set to receive $2.7 billion in funding under the European Chips Act to develop and test advanced computer chips.
• The funding aims to establish a pilot line for sub-2 nanometre chips to support European industry, academia, and start-ups in accessing costly chip manufacturing technology.
• Top chipmakers like TSMC, Intel, and Samsung are already working on 2 nanometre chips in commercial plants, costing up to $20 billion euros.

• Versogen, a startup firm, is set to receive $4.7 million in federal funding for hydrogen research as part of a regional effort to advance clean hydrogen production.
• The U.S. Department of Energy has identified Versogen as one of four Delaware institutions receiving significant federal funds to research, produce, and distribute clean hydrogen.
• Versogen is collaborating with multiple universities to develop a more durable and cost-effective anion-exchange membrane for clean hydrogen production, aiming to lower costs for producers.

• Bedrock Materials secures $9 million seed funding and establishes R&D headquarters in Chicago, focusing on eco-friendly sodium-ion batteries.
• Chicago Mayor Brandon Johnson welcomes Bedrock Materials, highlighting the city’s tech ecosystem and talent pool.
• Bedrock Materials plans to open a larger production site in Chicago and has secured incentives from the Illinois state government.
• The company’s decision to locate in Chicago is driven by the strong materials science research institutions in the area.

• Cylib raises €55M in largest-ever funding for European battery recycling
• Founded in 2022 in Aachen by CEO Lilian Schwich, CTO Paul Sabarny, and COO Dr Gideon Schwich
• Cylib’s proprietary process enables recycling of every component in a lithium-ion battery
• Funding round co-led by World Fund and Porsche Ventures, with participation from Bosch Ventures and others
• Funds to be used for scaling up operations at a brownfield industrial facility in Germany

Revolutionizing European Battery Recycling with Cylib’s €55M Funding

Sustainability in the modern world is a crucial topic, and one area that has been gaining significant attention is battery recycling. Read more

• Startups in the hydrogen energy sector are receiving significant venture capital funding, with over $1 billion raised in the past four months, surpassing the total amount raised in the previous year.
• Hysata, an Australia-based company working on electrolyzers, secured $110 million in a recent Series B round co-led by BP Ventures and Templewater.
• Koloma, a Denver-based startup focusing on geologic hydrogen resources, raised $246 million in a Series B round led by Khosla Ventures.

• Wind Energy Locations: Caeli Wind, a Berlin-based platform, secures €11M in funding to evaluate and promote wind energy sites.
• Funding Round: Series A funding of €11M led by Notion Capital and joined by Santander Alternative Investments and HTGF.
• Market Development: Caeli Wind attracted international investors due to successful market development in Germany.
• Technology and Impact: Caeli Wind’s AI-driven analysis system accelerates wind turbine setup, reducing time by 18 months.

• ISS National Lab offering up to $750,000 in funding for technology development in Low Earth Orbit
• Soliciting flight concepts for technology development leveraging the space-based environment of the ISS
• Open to various technology areas such as chemical synthesis, translational medicine, and in-space edge computing
• Strategic priority for ISS National Lab to accelerate technology maturation and enable advancements to benefit life on Earth
• Two-step proposal submission process with emphasis on developing projects with positive economic impact

Technology Development Funding: ISS National Lab Initiative

The International Space Station (ISS) National Laboratory has recently announced an exciting opportunity for technology development in low Earth orbit. Read more

• Columbus State Community College plans to use $15.6 million in bond funding for a significant expansion of its auto tech center at its Downtown campus
• The expansion project will modernize the automotive training center in Delaware Hall, increasing its size to over 40,000 square feet to accommodate more students and align with the needs of electric vehicles and emerging technologies
• The upgrade is part of Columbus State’s efforts to enhance its automotive technology education environment to meet the demands of regional manufacturing employers and support partnerships with companies like Ford and Honda
• The project will be carried out in two phases, involving the renovation of a former gymnasium and the update of existing instructional space, with construction expected to start in the second quarter of 2025 and complete by the end of 2026
• The investment aims to provide access to high-demand career education opportunities for Franklin County residents and enable the growth of Columbus State’s automotive technology program, which has seen a 13% increase in enrollment over the past two years

Columbus State Plans $15.6 Million Auto Tech Center Expansion

Columbus State Community College is embarking on an ambitious project to revamp and modernize its automotive training center located at its Downtown campus. Read more

• Scottish universities secure part of multi-million funding for cutting-edge satellite technology, enhancing Earth observation technologies
• The University of Edinburgh receives £1.7m to build a high spatial resolution near-infrared camera to detect methane leaks
• Strathclyde University allocated £65,000 to develop a new magnetometer instrument for space weather and Earth observation
• UK Space Agency investment aims to improve monitoring of emissions and climate data using satellite instruments
• Additional funding from academic and private sectors to further support development of remote-sensing technologies

Scottish Universities Share in UKSA Funding for Advanced Satellite Technology

In a significant development for the field of space technology, the UK Space Agency (UKSA) has recently announced a substantial allocation of multi-million funding towards research aimed at leveraging space capabilities to combat climate change. Read more

• The White House proposes up to $120 million in federal funds to aid Polar Semiconductor’s chip facility expansion
• Funding comes from the bipartisan CHIPS and Science Act signed by President Biden in August 2022
• Polar Semiconductor aims to double its U.S. production capacity of sensor and power chips within two years
• The company has received state and federal support, including $75 million from the Minnesota Department of Employment and Economic Development
• This funding is part of a broader effort to strengthen the U.S.

• Active Surfaces secures $5.6M in oversubscribed pre-seed funding to revolutionize solar technology
• Lightweight, flexible solar panel technology can be integrated into any surface of any size
• Funding led by Safar Partners, with support from various institutional VCs and corporate backers
• Company aims to deliver higher efficiency, lower costs, and greater versatility than traditional solar panels
• Team includes experts from prestigious institutions, participating in climate tech incubators and accelerator programs

Active Surfaces Secures $5.6M in Pre-Seed Funding

Active Surfaces, a groundbreaking flexible solar panel startup, recently announced a significant milestone in its journey towards revolutionizing solar technology. Read more

• Tech Goes Home program in Chattanooga receives nearly $2 million in state grants to help 3,300 residents acquire and utilize laptop computers
• The Enterprise Center, the operator of Tech Goes Home, wins the largest state award for digital training under the Digital Skills Education and Workforce Development program
• The program aims to bridge the digital divide by providing computer training and equipment to low-income individuals
• The new funding will expand services to multiple counties in Tennessee and support digital adoption
• The program director, Sammy Lowdermilk, highlights the expansion of services to reach more people in the Chattanooga region and neighboring counties

Tech Goes Home Program Receives State Grants

The Tech Goes Home program in Chattanooga has secured nearly $2 million in state grants over the next two years to assist 3,300 local residents in acquiring and utilizing laptop computers. Read more

• Biden administration allocates $285 million in CHIPS Act funding to develop digital twins for semiconductor manufacturing
• Digital twins are virtual models replicating physical objects or systems, enhancing semiconductor research and development
• Department of Commerce seeks proposals to advance digital twin technology in semiconductor manufacturing processes
• CHIPS Manufacturing USA institute to focus on leveraging digital twin technology for innovation in semiconductor industry
• Collaboration, innovation, and cost reduction expected through the use of digital twins in semiconductor manufacturing

Biden Cashes In $285 Million in CHIPS Act Funding to Develop Digital Twins

In a significant move to bolster innovation in the semiconductor industry, the Biden administration has allocated $285 million from the CHIPS Act funding to propel the development of digital twins. Read more

• Synertec secures A$22 million in new funding for Powerhouse technology expansion
• Proactive Investors covers ASX listed companies and financial trends with experienced journalists
• Proactive uses human content creators and technology tools like generative AI for content production
• Synertec revamps financial framework with A$15 million debt facility and A$7 million equity placement
• Funding supports deployment of Powerhouse units for renewable microgrid technology, enhancing market position

Synertec Secures A$22 Million for Powerhouse Technology Expansion

In a strategic move to bolster its technological advancements, Synertec Corporation Ltd has successfully secured A$22 million in funding, comprising a A$15 million debt facility with Altor Capital Pty Ltd and a A$7 million equity placement. Read more

• Virtual chip technology receives $285 million in CHIPS Act funding for research on digital twins, aiming to revolutionize semiconductor manufacturing
• U.S. government seeks organization to lead creation of institution studying digital twin technology with potential to enhance semiconductor manufacturing
• Digital twins are virtual replicas of physical systems, currently utilized in automotive industry for exploring alternative production methods
• CHIPS Manufacturing USA project to focus on development, validation, and use of digital twins for semiconductor manufacturing processes
• Nvidia emerges as a frontrunner in digital twin technology, projecting significant growth in market value and dominance in A.I.

• Biden Administration announces $285M funding for Semiconductor Institute with focus on digital twins
• Funding opportunity issued for CHIPS Manufacturing USA institute to develop digital twin technology for semiconductor industry
• Initiative aligns with 2022 Chips and Science Act to advance U.S. chip technology and reduce reliance on international supply chains
• Leading chipmakers like NVIDIA and AMD making breakthroughs in AI technology chips with government support
• Department of Commerce earmarks $33 billion in grants to boost domestic chip production, with Intel and Micron also in discussions for subsidies

Biden Administration Unveils $285M Funding For Semiconductor Institute

In a groundbreaking move, the Biden-Harris Administration has announced a significant funding initiative aimed at revolutionizing the semiconductor industry. Read more

• The Biden Administration has opened applications for $285 million in CHIPS Act funding for an institute to develop digital twins for the chip manufacturing industry, aiming to boost national security and reduce dependence on global supply chains.
• Digital twins are advanced software models of hardware, such as processors, that can save time, money, and increase efficiency by allowing engineers to anticipate problems and adjust designs before manufacturing begins.