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SafeAI Raises $21M in Series A Funding
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Kula Bio, a Boston, MA-based provider of sustainable nitrogen solutions, closed a $10m seed funding round.
The round was led by Collaborative Fund with participation from The Nature Conservancy, Lowercarbon Capital, and the Grantham Environmental Trust’s Neglected Climate Opportunities Fund, AgFunder, BOPU, Box Group, Decent Capital, Embark Ventures, iSelect Fund, and Pillar VC.
The company intends to use the funds to continue to expand operations and its development efforts.
Led by Bill Brady, founding CEO and director, Kula Bio makes Kula-N, a next generation nitrogen biofertilizer that helps farmers maintain yield and reduce environmental impact from traditional, synthetic nitrogen fertilizers. Since its founding in 2018, the company has run a series of third-party replicated field trials across diverse geographies, soil types and crops, proving that it can replace up to 80% of a farm’s nitrogen use.
Kebotix Inc., a Cambridge, Mass.-based technology startup, is partnering with Northeastern University s Roux Institute in Portland to establish an office and research footprint in Maine and to hire local talent.
The venture capital-backed startup, founded in 2017, has developed a platform that uses artificial intelligence and robotic automation to discover chemicals and materials significantly faster and more affordably than by conventional means, Kebotix says.
“Kebotix is a long-tenured research partner of Northeastern, and we’ve been fortunate to extend our relationship to the Roux Institute,” Michael Pallastri, senior vice provost and academic lead for the Roux Institute, said in Wednesday s announcement.
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Forty years hardly makes a startup, but that s exactly what Optimal Dynamics is. The New York-based company is seeking to flip the script on what artificial intelligence can do in a logistics environment, and it is starting with technology that has its roots at Princeton University, nearly 40 years ago.
Created by Warren B. Powell, the technology is unlike any other AI technology currently in use in trucking, says Daniel Powell.
Daniel Powell and his father, Warren, have taken the work Warren developed and tested over many years at Princeton, modified the technology and are now using it – what they call high-dimensional AI – as the basis for Optimal Dynamics entry into logistics.
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