Most American hardware startups hit the same wall. The prototype works, a customer wants a few thousand units, and nobody at home will build them at that volume without a year of tooling and a big check. So the order goes to Shenzhen. Foundry Robotics has raised $100 million to be the place that says yes instead. The Series A was oversubscribed and led by Marlinspike Partners. … [Read more...] about Foundry Robotics Raises $100 Million Series A to Run an AI-Driven Assembly Factory in Emeryville
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FuriosaAI Raises $620 Million Series D at a $2.9 Billion Valuation to Scale Its RNGD Inference Chip
FuriosaAI has closed a $620 million Series D, about KRW 820 billion, at a post-money valuation of roughly $2.9 billion. Its last round valued the Seoul company at around $735 million. So the price went up about four times in a year. That kind of jump doesn't come from slides. It comes from a chip that's actually shipping. Who put money in South Korea's National Growth Fund … [Read more...] about FuriosaAI Raises $620 Million Series D at a $2.9 Billion Valuation to Scale Its RNGD Inference Chip
Tractian Raises $130 Million Series D at $1.4 Billion Valuation for AI That Predicts Machine Failures
Tractian is now a unicorn. The Atlanta company, which sells sensors and AI that warn plants before their machines break, raised a $130 million Series D at a $1.4 billion valuation, announced on October 22. Sapphire Ventures led, with M&G's Catalyst as co-lead. N47, General Catalyst, Bosch Ventures, 53 Stations, Monashees, Endeavor Catalyst, Norte Ventures and Y Combinator … [Read more...] about Tractian Raises $130 Million Series D at $1.4 Billion Valuation for AI That Predicts Machine Failures