Lux Capital

Varda Announces $90 million Series B Funding to Build Factories in Space

Retrieved on: 
Friday, April 5, 2024
Space research, Founders Fund, Environment, HIV, Research, Khosla Ventures, Ritonavir, Hypergravity, ISS, Lux Capital, Crystallization, Soil, W-1, Government, W-2, Pharmaceutical industry

EL SEGUNDO, Calif., April 5, 2024 /PRNewswire/ -- Varda Space Industries, Inc., the world's first in-space manufacturing and hypersonic Earth re-entry logistics company, today announced the completion of a $90 million Series B funding round, led by Caffeinated Capital, with participation from Lux Capital, General Catalyst, Founders Fund, and Khosla Ventures. Varda has raised $145 million to date.  

Key Points: 
  • The capsule's payload included an experiment to reformulate Ritonavir, a well-known antiretroviral drug primarily used to treat HIV.
  • Varda is their first pathway to commercialize this work, and we're pleased to see our investors recognize that potential," said Varda President Delian Asparouhov.
  • Varda offers a path to revolutionize the pharmaceutical industry, potentially leading to reductions in healthcare costs and better patient outcomes," said Varda CEO Will Bruey.
  • Varda aims to eventually launch capsules on a monthly cadence, making space research, development, and orbital manufacturing accessible to a range of terrestrial industries.

Mendaera Acquires Avail Medsystems’ Telepresence Technology

Retrieved on: 
Tuesday, March 19, 2024
Robotics, Health, Technology, Telemedicine, Virtual Medicine, Health Technology, Artificial Intelligence, Partner (business rank), Patient, Artificial intelligence, Acquisition, Silicon, Lux Capital, Medical imaging

Mendaera Inc., a Silicon Valley-based healthcare technology company developing a platform that combines robotics, real-time imaging, artificial intelligence (“AI”), and connectivity, today announced that it has acquired the telepresence technology of Avail Medsystems, Inc. (“Avail”).

Key Points: 
  • Mendaera Inc., a Silicon Valley-based healthcare technology company developing a platform that combines robotics, real-time imaging, artificial intelligence (“AI”), and connectivity, today announced that it has acquired the telepresence technology of Avail Medsystems, Inc. (“Avail”).
  • Avail’s telepresence technology enables healthcare professionals to virtually connect during procedures to collaborate and share clinical expertise.
  • “We are incredibly excited to add Avail’s telepresence technology to our portfolio.
  • “This acquisition uniquely positions Mendaera to deliver scalable and transformative technology that will create a better future for patients and providers alike.”

Mahana Therapeutics Acquires Cara Care to Become a Global Leader in the Digital Treatment of Chronic Conditions

Retrieved on: 
Tuesday, March 12, 2024
Software, Biotechnology, Pharmaceutical, General Health, Health, Health Technology, Technology, Apps, Applications, Partnership, Patient, Irritable bowel syndrome, Acquisition, CBT, Heartburn, Digestate, IBD, Bayer, Patient satisfaction, Cognitive behavioral therapy, Therapy, IBS, Lux Capital, FDA, Digestive, Coeliac disease, Gesellschaft mit beschränkter Haftung, Nursing

Mahana Therapeutics, a leading provider of digital chronic condition management programs, announced today that it has acquired Berlin-based HiDoc Technologies GmbH, operating as Cara Care, a leader in digital digestive healthcare.

Key Points: 
  • Mahana Therapeutics, a leading provider of digital chronic condition management programs, announced today that it has acquired Berlin-based HiDoc Technologies GmbH, operating as Cara Care, a leader in digital digestive healthcare.
  • The acquisition of Cara Care is expected to accelerate Mahana’s market entry in Europe where the reimbursement of digital programs is outpacing the United States.
  • Cara Care’s IBS prescription-based digital program is currently being prescribed, and reimbursed, to thousands of patients in Germany.
  • "The combination of Mahana and Cara Care is an incredible opportunity to bring together our complementary expertise in chronic digestive health conditions and create a one-of-a-kind global offering of digital programs across the Digestive, Hearing, Dermatology, and Women’s Health markets.

Nozomi Networks Secures $100 Million Investment to Accelerate Mission to Defend the World's Critical Infrastructure from Cyber Threats

Retrieved on: 
Wednesday, March 13, 2024
Organization, Schneider Electric, Original equipment manufacturer, Mitsubishi Heavy Industries, Internet of things, Risk, SAN, Electronics, Honeywell, Mitsubishi Electric, OEM, Samsung, Investment, ABB, OT, GE Renewable Energy, Lux Capital, Automation, General Electric, GE Power, Keysight, GGV Capital, Renewable energy

SAN FRANCISCO, March 13, 2024 /PRNewswire/ -- Nozomi Networks Inc., the worldwide leader in OT and IoT security, today announced a $100 million Series E funding round to help accelerate innovative cyber defenses and expand cost-efficient go-to-market expansion globally. This latest round includes investments from Mitsubishi Electric, a global leader in digital manufacturing, electronics and electrical equipment and Schneider Electric, a global leader in digital automation and energy management. They join a growing list of OT original equipment manufacturers (OEMs) who have invested in Nozomi Networks, including previous investors Honeywell and Johnson Controls.

Key Points: 
  • They join a growing list of OT original equipment manufacturers (OEMs) who have invested in Nozomi Networks, including previous investors Honeywell and Johnson Controls.
  • "This investment clearly underscores the need and support for OEM-agnostic security solutions in light of today's escalating attacks against critical infrastructure around the world."
  • The company will use this latest investment to help scale product development efforts as well as its go-to-market approach globally.
  • With criminal and nation-state cyber threats to industrial and critical infrastructure on the rise, the need for Nozomi Networks solutions has never been greater.

Applied Intuition, Inc. Grows to $6 Billion Valuation, Securing $250 Million in Series E Funding to Advance Vehicle Software and AI Capabilities

Retrieved on: 
Tuesday, March 12, 2024
Growth, Entrepreneurship, Original equipment manufacturer, CFO, Agriculture, Intelligence, Partnership, General partnership, Human Capital, Porsche, ADAS, BOND, AI, Software, Silicon, Investment, Intuition, Ecosystem, Lux Capital, Series, Mining

The round was led by Bilal Zuberi at Lux Capital (Series C lead investor), Elad Gil (Series D lead investor), and strategic investor Porsche Investments Management S.A.

Key Points: 
  • The round was led by Bilal Zuberi at Lux Capital (Series C lead investor), Elad Gil (Series D lead investor), and strategic investor Porsche Investments Management S.A.
  • "Applied Intuition benefits from generational megatrends including generative AI, autonomous systems, and software-defined vehicles.
  • With recent advancements in large language models (LLMs), Applied Intuition is uniquely positioned to help its customers revolutionize the vehicle software development process.
  • "Our industry-leading vehicle software products will infuse AI technology to expand beyond our definitive ADAS and AD toolchain, which will exponentially accelerate the production of next-generation vehicles."

Applied Intuition, Inc. Grows to $6 Billion Valuation, Securing $250 Million in Series E Funding to Advance Vehicle Software and AI Capabilities

Retrieved on: 
Tuesday, March 12, 2024
Growth, Entrepreneurship, Original equipment manufacturer, CFO, Agriculture, Intelligence, Partnership, General partnership, Human Capital, Porsche, ADAS, BOND, AI, Software, Silicon, Investment, Intuition, Ecosystem, Lux Capital, Series, Mining

The round was led by Bilal Zuberi at Lux Capital (Series C lead investor), Elad Gil (Series D lead investor), and strategic investor Porsche Investments Management S.A.

Key Points: 
  • The round was led by Bilal Zuberi at Lux Capital (Series C lead investor), Elad Gil (Series D lead investor), and strategic investor Porsche Investments Management S.A.
  • "Applied Intuition benefits from generational megatrends including generative AI, autonomous systems, and software-defined vehicles.
  • With recent advancements in large language models (LLMs), Applied Intuition is uniquely positioned to help its customers revolutionize the vehicle software development process.
  • "Our industry-leading vehicle software products will infuse AI technology to expand beyond our definitive ADAS and AD toolchain, which will exponentially accelerate the production of next-generation vehicles."

Higharc Announces $53M Series B for its Connected Homebuilding Cloud

Retrieved on: 
Thursday, February 15, 2024
Pillar, Cloud, Schneider Electric, Spark Capital, PSP, General partnership, Starwood Capital Group, Growth, CBRE, Sale, RXR Realty, The Home Depot, Lux Capital, Autodesk, Column, Software

DURHAM, N.C., Feb. 15, 2024 /PRNewswire/ -- Higharc, the connected cloud platform for homebuilding operations, announced today a $53 million Series B funding round powered by over 18 industry leaders from construction, building products manufacturing, and distribution.

Key Points: 
  • DURHAM, N.C., Feb. 15, 2024 /PRNewswire/ -- Higharc , the connected cloud platform for homebuilding operations, announced today a $53 million Series B funding round powered by over 18 industry leaders from construction, building products manufacturing, and distribution.
  • The new financing follows the company's rapid growth and customer demand in 2023, as it has emerged as the next-generation cloud software leader in the $350 billion US homebuilding industry.
  • "This additional capital reinforces Higharc's long-term commitment to the success of our customers and to unlocking digital transformation for the entire homebuilding industry."
  • Higharc's Homebuilding Cloud replaces the "pen and paper" processes and software solutions that dominate the industry.

ZEDEDA Secures $72M in Growth Capital to Meet the Skyrocketing Demand for Edge AI and Computing

Retrieved on: 
Wednesday, February 7, 2024
Software, Networks, Data Analytics, Artificial Intelligence, Data Management, Professional Services, Technology, Mobile, Wireless, Partnership, Growth, Certification, Knowledge, Senior, Research, Distributed control system, AI, EMO, Machine learning, Engineering, ISO/IEC, Marketing, SPARK, Rockwell Automation, Traction, Learning, Chevron Corporation, Salesforce, Lux Capital, Professional, Series, Edge computing, Cryptocurrency

The latest funding enables ZEDEDA to further expand sales and marketing activities and accelerate research and development to meet the rising demand for edge computing.

Key Points: 
  • The latest funding enables ZEDEDA to further expand sales and marketing activities and accelerate research and development to meet the rising demand for edge computing.
  • “Our unique and innovative product is powering the explosive demand of ubiquitous edge computing, underpinning our customer’s AI and real-time data analytics initiatives.
  • The company launched another industry-first offering with ZEDEDA Edge Kubernetes Service , a fully managed Kubernetes service for the distributed edge.
  • ZEDEDA also launched ZEDEDA Certified Edge Computing Associate for anyone interested in learning more about the fundamentals of the edge computing industry.

Formic Releases New Software That Makes Everyone A Robotic Automation Expert

Retrieved on: 
Thursday, January 18, 2024
Technology, Mobile, Wireless, Venture Capital, Robotics, Manufacturing, Small Business, Professional Services, Artificial Intelligence, Transport, Software, Data Analytics, Other Manufacturing, Data Management, Logistics, Supply Chain Management, Core, Formic, Multimedia, Augmented reality, Netflix, CarPlay, Safety, UI, Fortune 500, Workforce, Anomaly, Lux Capital, General partnership, Automation, Smartphone, Growth

Formic’s software enables operations teams and delivers results for every business size.

Key Points: 
  • Formic’s software enables operations teams and delivers results for every business size.
  • View the full release here: https://www.businesswire.com/news/home/20240118965889/en/
    Formic Releases New Software That Makes Everyone A Robotic Automation Expert (Photo: Formic)
    The Formic Core operating system makes working with robotic automation solutions as easy as using your smartphone, Apple CarPlay, or Netflix.
  • The Formic FAST (Formic Automation Specification Tools) software suite enables the Solutions Engineering team to provide robotic system specification, quoting, and augmented reality (AR) demonstrations faster than ever before, reducing design and deployment times from months to weeks.
  • “Advanced automation has historically been elusive for all but the largest manufacturers,” said Shahin Farshchi, General Partner at Lux Capital.

Column Announces Acquisition of Modulist, Expanding Platform of Local Transactions

Retrieved on: 
Thursday, January 11, 2024
System, Forum Communications Company, Partnership, Multimedia, Lux Capital, Acquisition, Government, Engineering, Growth, Cryptocurrency

This deal will expand Column's platform in 2024 to support transactions across all categories of paid content.

Key Points: 
  • This deal will expand Column's platform in 2024 to support transactions across all categories of paid content.
  • Column to acquire Modulist from Forum Communications, expanding their software platform for local transactions.
  • "This is a special and significant moment for Column," said Jake Seaton, Founder & CEO of Column.
  • The companies have begun transitioning their internal operations by welcoming several Modulist employees to Column as part of the acquisition.