Category: Hardware

• Firecell secures €6.6M Seed funding for 5G industrial solution
• Firecell’s 5G solution offers reliable, secure, high-performance connectivity for industrial environments
• Funding led by Ventech and Matterwave Ventures, with support from Bpifrance and Bouygues Telecom
• Company aims to simplify 5G network deployment, enhance security, and lower costs for industrial enterprises
• Plans to develop new products, expand in Europe, and recruit new team members to meet growing demand

Firecell secures €6.6M Seed Funding for Innovative 5G Industrial Solution

In the realm of digital transformation within industrial enterprises, the importance of reliable and secure communication infrastructure cannot be overstated. Read more

• U.S. lawmakers allocate $280 million for F-35 engine advancements, focusing on the existing F135 engine by Pratt & Whitney
• The decision excludes integrating alternative engines and prioritizes advancements in adaptive cycle engine technologies, manufacturing, materials, and digital design tools
• Industry overview highlights the critical role of companies like Lockheed Martin, Boeing, Northrop Grumman, and Pratt & Whitney in national security and technological advancements
• Global military aircraft engine market projected to grow, with a focus on next-generation engines leveraging adaptive cycle technologies
• Industry faces challenges such as high development costs, integration complexities, supply chain risks, and budget constraints, leading to a strategic focus on incremental improvements to proven systems

F-35 Engine Advancements: U.S.

• Technology Minerals PLC secures £5.5 million funding for minerals extraction technology
• Recyclus partners with a cleantech company for black mass extraction from lithium-ion batteries
• Funding agreement with Atlas Capital Markets replaces previous arrangement with CLG Capital
• Recyclus aims to refine black mass into precursor cathode active materials for battery manufacturers
• Collaboration aims to revolutionize critical metals extraction for UK’s electrification efforts

Minerals Extraction Technology: Technology Minerals Secures New Funding Deal

Technology Minerals PLC, listed on the London Stock Exchange under the ticker symbol TM1, recently announced a significant milestone in its journey towards advancing minerals extraction technology. Read more

• Prevent Falls Technology: 4D mapping technology with sensors piloted in care homes to detect falls and alert carers.
• Whzan Guardian: UK-developed monitoring system using 4D mapping to track movement and prevent falls in homes.
• Reduction in Falls: Pilots showed a 66% decrease in falls and 97.5% reduction in ambulance calls post-fall.
• Funding and Expansion: Redbridge Integrated Care System to test technology with £1 million funding, potential national rollout.

• Offshore wind research centre receives £17.8m funding led by University of Hull, with support from Durham, Loughborough, and Sheffield universities
• Centre aims to develop future leaders in offshore wind sector through EPSRC Centre for Doctoral Training in Offshore Wind Energy Sustainability and Resilience
• Government and private sector investment of £5.8m and £12m respectively, with over 40 industry partners involved
• Focus areas include environmental impact, economics, supply chain development, automation, and offshore grid integration
• Part of £1bn-plus investment into engineering and physical sciences doctoral skills to support UK’s transition to Net Zero

Pioneering Offshore Wind Research Centre Receives £17.8m Funding

A new academic research centre dedicated to advancing offshore wind technology has been granted a substantial £17.8 million in funding, marking a significant step towards tackling the challenges faced by the offshore wind industry. Read more

• Kimbal Technologies secures $5 million in funding round led by Niveshaay
• Funds to be utilized for expanding operations and developing new products
• Aim to establish a modern power distribution system to the last mile
• Energy tech startup Kimbal Technologies announces funding for growth
• Company plans to innovate in the energy sector with new products

Kimbal Technologies Secures $5 Million in Funding Round Led by Niveshaay

Kimbal Technologies, an innovative energy tech startup, has successfully raised $5 million in a recent funding round led by Niveshaay. Read more

• Battery tech firm Lohum secures $14 million in funding from Singularity Growth, Vyoman India, and Baring Private Equity
• Mumbai-based Singularity Growth, backed by CaratLane founder Mithun Sacheti, leads the funding round with Rs 55 crore
• Vyoman India contributes Rs 11 crore, while Baring Private Equity adds Rs 10 crore to the funding
• Filings with the Registrar of Companies (ROC) confirm the investment amounts from the different backers
• The funding round highlights the growing interest and support for battery technology advancements

Battery Tech Firm Lohum Raises $14 Million in Funding

Battery tech firm Lohum has recently secured $14 million in funding, marking a significant milestone in their growth journey. Read more

• Proposed state funds in Sub. House Bill 2 will help Butler Tech expand its welding program, with over $231,500 allocated from the Strategic Community Investment Fund.
• The welding technology program at Butler Tech aims to address the demand for skilled welding professionals and offers students hands-on experience with the latest technology.
• Butler Tech assists students in finding co-ops and internships to enhance their skills and experience, with high job placement rates and starting salaries near $50,000 in the welding field.

• China initiates Big Fund III with $27 billion funding for chipmakers to counter U.S. sanctions
• Funding primarily sourced from local governments, state-owned enterprises, and central government
• Aim to make China self-sufficient in semiconductor sector, aligning with President Xi Jinping’s vision
• Fund to support local companies and finance multiple sub-funds for diversified investment strategies
• Big Fund’s expansion in response to U.S. efforts to restrict China’s access to semiconductor manufacturing technologies

China chipmaker funding to boost semiconductor industry

China has recently announced a significant move to bolster its semiconductor industry by allocating a substantial amount of funding to chipmakers. Read more

• UK Space Agency announces £160M funding for satellite tech innovations in C-LEO programme
• Funding aims to revolutionize satellite communications with cutting-edge technology
• Initiative supports development of smarter satellites with AI for faster data delivery
• Focus on enhancing global connectivity and positioning UK as a leader in satellite communications
• Investment not only in technology but also in the future of UK space sector’s workforce and research community

Revolutionizing Satellite Communications with £160M Funding

The UK Space Agency has made a groundbreaking announcement with the launch of the Connectivity in Low-Earth Orbit (C-LEO) programme, which aims to transform the landscape of satellite communications with a substantial investment of up to £160 million over the next four years. Read more

• Dutch chip startups received 216 million euros in venture capital funding in 2023, marking the fifth consecutive year of growth.
• The report by Techleap highlighted the increasing recognition of chip equipment maker ASML as Europe’s largest tech firm.
• Semiconductors are identified as a bright spot in the Dutch startup landscape.
• The funding growth was driven by the success and prominence of ASML in the tech industry.

• Battery firm Cellerate plans substantial growth after winning investment from NPIF
• Cellerate automates vital tech work for battery research and technology scale-up
• Dr. Richard Fields founded Cellerate in 2020 to develop advanced automated systems for battery industry
• Received a £100,000 loan from NPIF to expand Manchester base and invest in equipment
• Cellerate aims to continue as an industry leader in advanced energy storage solutions

Battery Growth Investment: Cellerate’s Path to Success

In the realm of advanced energy storage solutions, Manchester-based Cellerate is making waves with its innovative approach to battery research and technology scale-up. Read more

• iFAB Tech Hub receives $680 million in funding to promote biomanufacturing in Illinois
• University of Illinois Urbana-Champaign’s iFAB initiative aims to position Illinois as a biomanufacturing leader
• Governor JB Pritzker announces $680 million in funding for iFAB Tech Hub
• iFAB focuses on leveraging Illinois’ agricultural capabilities for economic growth
• The project aims to attract biomanufacturing companies to Central Illinois for full-scale production

The iFAB Tech Hub’s $680 Million Funding Boost for Biomanufacturing in Illinois

The University of Illinois Urbana-Champaign’s iFAB initiative, aimed at advancing biomanufacturing, has recently secured an impressive $680 million in funding. Read more

• Heatio, a Liverpool-based clean tech company, has been awarded £1.2m funding to help homeowners improve heat efficiency and save on energy bills.
• The funding, part of the Net Zero Innovation Portfolio scheme, introduces an Energy as a Service solution for heat pumps, solar PV, and battery storage.
• Heatio is also involved in providing a fixed-rate green mortgage to incentivize homeowners to retrofit their homes with low carbon technologies.