AI-led firm Mad Street Den raises US $ 30 million in Series C funding – Mad Street Den, a leading AI-based tech company – has announced a fresh round of Series C funding of US $ 30 million led by Avatar Growth Capital with participation from existing investors Sequoia Capital and Alpha Wave Global Capital.
The investment will enable the company to expand its artificial intelligence (AI) offerings across industries while doubling down in the retail sector, where it has established itself as an AI leader, under the brand name Vue.ai.
Summit Nanotech closes $50M Series A2 for direct lithium extraction technology –
Summit Nanotech Corporation, a company developing direct lithium extraction (DLE) technology, closed a US$50 million Series A2. The Series A2 round was led by Evok Innovations and BDC Capital’s Climate Tech Fund alongside participation from previous investors including Xora Innovation and Capricorn Investment Group.
Summit also welcomes a consortium of new climate-focused funds: Volta Energy Technologies, NGP, Helios Climate Ventures, and The Grantham Foundation.
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Bear Robotics Raises $117M to Fund Food Service Robots – Bear Robotics, a robotics and AI company backed by SoftBank, announced in March 2022 that it had raised $81 million in a Series B funding round. Among the investors was Cleveland Avenue, a venture capital firm created by a former McDonald’s CEO, South Korean telecommunications company KT Corp, and private equity firm IMM.
In January 2020, Bear Robotics and SoftBank Robotics Group introduced a new robot dubbed Servi to the food service and hospitality industries. It raised $32 million in the Series A round, bringing its total capital to $117 million with this latest round.
Nvidia And Abu Dhabi Join $73 Million Outrider Funding Round – outrider , a startup developing autonomous yard operations for logistics hubs, has closed $73 million in Series C financing led by FM Capital.
New investors include a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and NVentures, Nvidia’s venture capital arm.