InVia Robotics secured a $30 million Series C funding round that includes an investment from Microsoft’s venture fund.
The Westlake Village provider of warehouse automation products has raised a total of $59 million from investors committed to the company’s growth.
The investors include M12, the San Francisco-based venture fund of Microsoft Corp.; Qualcomm Ventures; and Hitachi Ventures GmbH, the Munich-based corporate venture arm of Hitachi Ltd. in Tokyo. In addition, previous investors Point 72 Ventures in New York, and Upfront Ventures and Embark Ventures, both in Santa Monica, also contributed to the third funding round.
This latest investment will be used to extend inVia’s Picker robots in North America, as well as drive market expansion into Europe, Africa, the Middle East and the Asia Pacific region and align inVia with strategic supply chain partners to open new channels and deliver end-to-end logistics, the company said in a press release.
SafeAI Raises $21M in Series A Funding
finsmes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finsmes.com Daily Mail and Mail on Sunday newspapers.
10 Worlds That Shook This Day : Biofuels Digest
biofuelsdigest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biofuelsdigest.com Daily Mail and Mail on Sunday newspapers.
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.