Deep Vision, a startup developing an AI accelerator chip and software suite for edge computing workloads, has raised $35 million in Series B funding. The round was led by Tiger Global and included investors such as Exfinity Venture Partners, Silicon Motion, and Western Digital. The company plans to use the money for product development and manufacturing.
Deep Vision closed a $35 million Series B financing round
Deep Vision, an artificial intelligence semiconductor company headquartered in Hyderabad, India, raised $35 million in an oversubscribed Series B financing round. The round was led by Tiger Global and includes participation from Western Digital, Exfinity Venture Partners, and SiliconMotion. The company plans to use the money to accelerate product development and expand its customer base.
Fresh Vine Wine, a new wine club, also recently closed a $35 million Series B financing round. The company has now raised a total of $65 million, with a total of 73 investors participating in the round. It is the first of its kind and offers members access to a shared closet of luxury handbags and accessories.
In addition to Deep Vision, BioIntelliSense, a company that develops remote monitoring technologies and adhesive wearable devices, closed a $35 million Series B financing round. The company attracted funding from a variety of investors, including the Abu Dhabi-based Royal Group conglomerate Chimera Investments and Philips’ health tech venture arm. Another startup, MedRhythms, is a pioneer in the field of digital therapeutics, using music-based technology to treat neurological diseases. In addition to the $35 million Series B round, the company received funding from other investors as well, including Morningside Ventures and the Women’s Venture Fund.
In addition to the existing investors, the company has also added TEPCO, one of the world’s largest electric utilities. The company also received $7 million from SparkFund, a Washington, D.C.-based financial technology company. The round was led by Energy Impact Partners.
In addition to the Series B financing round, Deep Vision closed a $9.5 million Friends and Family Round. The company also received $1 million from the Greatscale Pilot Fund. The funds will allow the company to expand its product offerings, expand its user base, and meet the growing demands of SMB manufacturers.
The new funds will be used for the further development of its artificial intelligence-enabled brain biomarker platform and to launch clinical trials in areas of unmet medical needs. It plans to report Phase 2b data in early 2024. In addition to this, the company plans to expand its RNA chemistry capabilities.
WeRide is a Guangzhou-based startup that develops autonomous vehicle systems. It closed series B2 and B3 funding rounds in 2018 and closed a $200 million strategic round from Yutong Bus Company in December. The investment will help the company expand its global presence and deploy a Level 4 autonomous test fleet in China.
SVT Robotics has raised $25 million in Series A funding
The Series A funding for SVT Robotics comes as the company continues to develop software that makes the implementation and integration of robotic systems more efficient. The company’s SOFTBOT Platform software enables companies to deploy integrated automation solutions. The software can be used with existing robotic systems or be developed to work with different types of automation platforms.
The new funding will help SVT Robotics expand its teams and further develop its iPaaS platform. SVT also plans to expand its customer outreach with the new money. It will also use the money for product R&D. The startup previously raised $3.5 million in seed funding and expects to raise an additional $25 million with the new investment.
The company’s software platform is designed to provide companies with the fastest way to connect their companies with robots. With pre-built integrations and functionality programmed by its automation partners, SVT Robotics enables companies to quickly integrate and implement new automation solutions.
The company provides software that orchestrates the actions of robots in warehouses and factories. This software can help companies improve their processes and productivity. In addition, the company’s software is designed to eliminate human errors, improve efficiency, and improve workplace safety. NGP Capital also invests in companies like Next Trucking, Shippeo, and SVT Robotics.
Tiger Global and Ibex Investors are two other investors that have stepped in to support the company. Tiger Global has invested in hundreds of startups worldwide, ranging from pre-IPO to Series A. Meanwhile, Prologis Ventures makes investments in logistics startups and uses its global network to share industry expertise.
Tiger Global has invested in SVT Robotics
Tiger Global has invested in a number of logistics startups in recent months, including $25 million in warehouse automation tech vendor SVT Robotics. This follows an earlier investment of $600 million in auto package delivery cart maker Nuro and $25 million in warehouse automation provider Locus Robotics. Tiger Global has also invested in on-demand fulfillment provider Flexe and has raised about $175 million in total for its portfolio.
SVT Robotics has raised $25 million in Series A funding from Tiger Global and Prologis Ventures. The investment will help the company advance its SOFTBOT platform, which allows companies to integrate industrial robotics into their existing systems. With this new funding, SVT plans to expand its SOFTBOT platform and add multi-robot orchestration capabilities. The company also plans to leverage its partnering relationships with robotics and automation integrators to expand its platform.
SVT Robotics is a software company that provides software to orchestrate robots in warehouses and factories. With this new funding, it plans to expand its customer outreach and invest in product R&D. The company also plans to use the money to build a software platform that allows users to customize robot behavior and improve efficiency.
Tiger Global Management is an investment firm that focuses on internet, software, and FinTech companies. Since 2001, it has invested in hundreds of startups ranging from Series A to pre-IPO. The firm partners with dynamic entrepreneurs in its core focus areas, such as internet software and robotics. Other recent investments include Patreon, AirBnB, Flipkart, Toast, and Stripe.
In addition to the investment from Tiger Global, SVT Robotics has also raised funding from Dynamo Ventures, Schematic Ventures, and Ludlow Ventures. These venture capital firms have decades of experience in software development and supply chain management. The investment in SVT Robotics will help them scale up their product and sales teams.
Develop knowledge graph tools, and secure strategic partnerships. In addition, GreenGen Ventures has invested in Frederick, Maryland’s Datakwip. This investment comes just a month after GreenGen Ventures made an equity investment in the company. This investment follows other recent funding rounds, ranging from $3.5 million to $384 million. In Tysons, Virginia, analytics platform company Qrvey has raised $7.5 million in Series A funding. The CEO said that the new funding will help the company scale its revenue operations.