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Prime Movers Lab Launches Second Scientific Startup Fund


Prime Movers Lab Launches Second Scientific Startup Fund
Investment Fund Raises $245MM to Support Dozens of Breakthrough Scientific Disruptors Ready to Transform Billions of Lives
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JACKSON, Wyo., Jan. 27, 2021 /PRNewswire/  Prime Movers Lab – an investor in breakthrough scientific startups that will revolutionize the world s most important industries and transform billions of lives – today announced it has raised $245 million for its second early-stage investment fund.
Prime Movers Lab Fund II will invest in early-stage companies reinventing human augmentation, energy, transportation, infrastructure, manufacturing and agriculture. The firm s first fund, Prime Movers Lab Fund I, a $100 million investment fund, is supporting, among other innovations, advancing sustainable food production, ending the global pandemic, providing clean energy and pioneering space infrastructure. Fund I is one of the lea ....

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Fast Growing Remote Work Platform Turing.com Announces $32-Million Series B Financing


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PALO ALTO, Calif., Dec. 10, 2020 /PRNewswire/
Turing.com, an automated platform that lets companies hire Silicon Valley caliber remote developers at the touch of a button, announced today a $32-million Series B funding round led by $3.3-billion fund WestBridge Capital. The round includes a number of high-profile investors, such as Foundation Capital, which led Turing s seed round. Altair Capital, Mindset Ventures, Frontier Ventures, and Gaingels also participated in the Series B round, which was heavily oversubscribed.
Driven by the massive global shift to remote work, Turing taps into a global pool of developers to help companies hire in markets such as the San Francisco Bay Area, aka Silicon Valley and New York, where it is difficult and expensive to hire and retain top software engineers. Turing rigorously vets developers for a Silicon Valley bar. ....

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Turing nabs $32M more for an AI-based platform to source and manage engineers remotely – TechCrunch


Turing nabs $32M more for an AI-based platform to source and manage engineers remotely
As remote work continues to solidify its place as a critical aspect of how businesses exist these days, a startup that has built a platform to help companies source and bring on one specific category of remote employees engineers is taking on some more funding to meet demand.
Turing which has built an AI-based platform to help evaluate prospective, but far-flung, engineers, bring them together into remote teams, then manage them for the company has picked up $32 million in a Series B round of funding led by WestBridge Capital. Its plan is as ambitious as the world it is addressing is wide: an AI platform to help define the future of how companies source IT talent to grow. ....

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