Merlin Labs: The company raised $105 million of Series B venture funding in a deal led by Snowpoint Ventures and Baillie Gifford on July 13, 2022. GV, Business Creation Capital and First Round Capital also participated in the round. The company is a developer autonomous flight technology designed for fixed-wing aircraft.
Tecton: The company raised $100 million of Series C venture funding in a deal led by Kleiner Perkins on July 12, 2022. Databricks, Snowflake Ventures, Tiger Global Management, Bain Capital Ventures, Andreessen Horowitz and Sequoia Capital also participated in the round. The company is a developer of an enterprise-ready data platform designed to solve data challenges and make machine learning accessible to every company.
AssemblyAI: The company raised $30 million of Series A venture funding in a deal led by Insight Partners on July 14, 2022, putting the company’s pre-money valuation at $155 million. Accel, Y Combinator, and other undisclosed investors also participated in the round. The company is a developer of a speech recognition system designed to automate audio transcriptions.
Dedrone: The company raised $30 million of Series C venture funding in a deal led by Axon Enterprise on July 13, 2022, putting the company’s pre-money valuation at $336 million. Aqton, Target Partners, Menlo Ventures, Felicis Ventures, and other undisclosed investors also participated in the round. The company is a developer of a counter-drone technology platform designed to protect organizations from malicious drones by securing airspace.
FORT: The company raised $25 million of Series B venture funding in a deal led by Tiger Global Management on July 12, 2022, putting the company’s pre-money valuation at $100 million. Lemnos, Compound, Creative Ventures, GRIDS Capital, Funders Club, Prologis and other undisclosed investors also participated in the round. The company is a developer of wireless functional safety systems designed to ensure human safety around autonomous machines.
Phaidra: The company raised $25 million of Series A venture funding in a deal led by Starshot Capital on July 15, 2022, putting the company’s pre-money valuation at $105 million. Character (VC) and other undisclosed investors also participated in the round. The company is a developer of AI-powered control systems intended to help large industrial systems to learn, adapt and improve performance.
Arch Systems: The company raised $15 million of venture funding in a deal led by Two Bear Capital on July 14, 2022. Uncork Capital, Tirto Adji and other undisclosed investors also participated in the round. The company is a developer of a data analytics platform intended to gather real-time and predictive analytics for manufacturing and industrial applications.
Pickle Robot: The company raised $10 million of venture funding in form of SAFE notes from undisclosed investors on July 15, 2022. The company is a developer of a package handling robot designed to automate key tasks.
XR Games: The company raised GBP 6 million of venture funding in a deal led by Praetura Ventures, ACT Media Ventures and Maven Capital Partners UK on July 11, 2022. The company is an operator of a game development studio intended to offer mobile and arcade Virtual Reality games development.
Spinview: The company raised GBP 5.5 million of venture funding from Alchemmy, The Future Fund and other undisclosed investors on July 12, 2022. The company is a developer of visual intelligence solution using an AI-driven platform designed to transform data about space into meaningful, actionable, measurable information.
Wonder Works: The company raised $5.5 million of venture funding from Muse Capital and PlayWRK on July 14, 2022. The company is a developer of an online gaming studio intended to develop metaverse games.
Darkhive: The company raised an undisclosed amount of venture funding from Mockingbird Ventures on July 11, 2022. The company is a developer of autonomy software intended to enable military and public safety users to intuitively interact with robotics platforms in order to better understand their common environment and make decisions together.
Evolve Media AI: The company is in the process of raising venture funding on July 12, 2022. The company is a developer of a cloud storage platform designed to share photos and videos.
Future Anthem: The company raised an undisclosed amount of Series A venture funding in a deal led by Bettor Capital on July 12, 2022. Sharp Alpha Advisors, Benjie Cherniak, and other undisclosed investors also participated in the round. The company is an operator of an online game studio dedicated to enhancing the casino player experience.
