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Startup Funding: August 2021

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More than $3.5 billion in funding was funneled into 35 startups last month, much of that scattered across the globe. Several Chinese companies received significant funding as the country bulks up domestic production of wafers and GPUs. In addition, with attention increasing on the need for electric vehicles and renewable energy, big investments went into battery manufacturing startups. One company making EV batteries garnered $1.5 billion, while several other large rounds were targeted at grid-scale energy storage companies. Metax designs high-performance, reconfigurable GPUs based on its own instruction set for data center, gaming, and AI. Funds will be used for R&D, and the company recently launched a corporate research institute at Zhejiang University. Based in Shanghai, China, Metax was founded in 2020.


The Week in Review: IoT

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Tools/Chips Synopsys rolled out a new release of its automotive exterior lighting design and analysis software. The tool calculations and generates images for multiple viewing directions and different lighting conditions. Lighting on vehicles has become far more complex than just shining a beam on the road. The latest technology can adapt to road conditions, other cars, and help illuminate the path that vehicles take as they turn corners. ArterisIP uncorked standalone last-level cache for SoCs, including distributed, shared and dedicated partitioning.


The Top Funded Artificial Intelligence Startups of 2018 Analytics Insight

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Artificial intelligence (AI), in its many forms including self-driving cars, robo-advisors, mechanical baristas, and state-run facial recognition campaigns will go ahead and continue to redefine how individuals work and have their views about school, work, government, and daily life. AI startups have been marching ahead in the technology bandwagon gaining funding in a world where supergiant rounds are now quite common. The top well-funded AI startup to date, SenseTime has brought a funding in a total of $1.6 billion. Most recently, in May 2018 the company raised $620 million in a Series C round led by Tiger Global Management and Fidelity International. This round raised SenseTime's valuation to more than $4.5 billion, making it the world's most valuable artificial intelligence startup.


Robotics industry fundings, acquisitions & IPOs: January 2018

Robohub

Twenty-five different startups were funded in January cumulatively raising $784 million; a great start for the new year. Four acquisitions were reported during the month while the IPO front lay waiting for something to happen.


April 2017 fundings, acquisitions, IPOs and failures

Robohub

Mobvoi, a Chinese voice recognition startup, signed a strategic partnership to build a 50/50 joint venture targeting the automotive market with Volkswagen. The deal involved VW investing $180 million in a Mobvoi series D funding. Modvoi has developed an advanced Chinese speech recognition system, Chinese/English translation, semantic analysis and integrated vertical and proactive search, all adapted for and connected with a smart rear-view mirror that provides navigation, messaging and information through voice input. Prof. Dr. Heizmann, President and CEO of Volkswagen Group China said: "This partnership is a particular example of Volkswagen's determination to work with groundbreaking Chinese tech companies like Mobvoi to create new forms of people-oriented mobility technology. We are impressed by Mobvoi's innovative approach of AI technologies, and we are pleased to form this joint venture to explore the next generation of smart mobility."