Series A round for OQ Technology produces million€ in funding –
Q Technology has closed a 13 million euro Series A funding round led by Wa’ed Ventures, the venture capital arm at Aramco (the Saudi oil and gas company), and Phaistos Investment Fund, managed by 5G Ventures in Greece.
OQ Technology will use the funds to further develop their own technology solutions, acquire more spectrum licenses and grow its 5G IoT satellite constellation. The constellation provides fast and real-time data processing for IoT and Machine-to-Machine (M2M) applications in remote and rural areas. Such applications can range from wellhead monitoring, SCADA system, asset tracking, drone control, vehicle telematics and smart cars to artificial intelligence, mining, defence, and automated transport.
StradVision Closes $88M Series C Funding Round – SEOUL, South Korea, Sept. 2, 2022 — StradVision, an AI-based image processing company for autonomous vehicles and advanced driver assistance systems, closed an $88 million series C funding round. Strategic investors in this round included ZF Friedrichshafen AG and Aptiv PLC. StradVision now has $129 million in cumulative funding from their seed round through this latest round. Besides ZF and Aptiv, other automotive industry strategic investors have included Hyundai Motor Company, Hyundai Mobis, LG Electronics, and AISIN. StradVision’s SVNet is being deployed on various vehicle models in partnerships with OEMs.
Foley Advises Alma on Regulatory Landscape in $130M Series D Funding Round – Foley & Lardner LLP serves as legal advisor to Alma, a membership-based network that helps independent mental health care providers accept insurance and build thriving private practices, and assisted Alma in its $130 million Series D funding round, bringing the company’s total funding to over $220 million.
he Week’s 10 Biggest Funding Rounds: SeatGeek And Triller Raise Big After SPAC Deals Fall Through – Last year was the year of the SPAC—this year not so much. As that market has cooled, those companies looking to go public through a “blank-check company” have had to find other ways to finance their operations. Two of those companies lead our list this week.