Machina Labs raises $32m to drive AI-driven manufacturing

Machina Labs raises $32m to drive AI-driven manufacturing

Machina Labs, a pioneer in the fusion of artificial intelligence and robotics for rapid advanced composite and metal product manufacturing, has successfully closed a Series B funding round, securing a substantial $32 million. This significant investment, co-led by the new investor NVentures (NVIDIA’s venture capital arm) and the existing backer Innovation Endeavors, alongside contributions from […]

Reliance Industries takes majority stake in pod cars developer skyTran

Reliance Industries takes majority stake in pod cars developer skyTran

Reliance Industries said that its fully-owned subsidiary Reliance Strategic Business Ventures (RSBVL), has acquired an additional stake in skyTran, a US-based pod cars developer, for $26.76 million. The deal enables the Indian conglomerate to boost its stake in the personal rapid transit system developer to 54.46%. skyTran has developed a passive magnetic levitation and propulsion […]

US insurtech company Joshu raises $3.7m in seed round

US insurtech company Joshu raises $3.7m in seed round

US-based insurtech company Joshu has raised $3.7 million in a seed funding round for digitizing and modernizing commercial insurance. The seed round was led by Blumberg Capital and had seen participation from Engineering Capital, Innovation Endeavors, Correlation Ventures, and Sure Ventures. Joshu caters to insurance carriers and managing general agents (MGAs) by providing a suite […]