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Metropolis raised $167.0M in Series B for its parking garage management platform that enables customers to passively pay when leaving a pay parking area. Quantum-focused accelerator program Duality introduced its second cohort of firms that may take part in its year-long program that provides funding, mentorship, and entry to gear and amenities. Riverlane and Rigetti Computing have been awarded a £0.5M ($0.6M) grant from Innovate UK that may give consideration to error correction for superconducting quantum computer systems. The two companies will work collectively to minimize the errors launched during syndrome extraction on a superconducting quantum computer.
Ascenium raised $23.0M in enterprise funding for its general-purpose processor with out an instruction set. By redefining the interface between the structure and the compiler, Ascenium says its Aptos processor and LLVM backend can reduce efficiency bottlenecks and energy consumption. Founded in 2019, it is primarily based in Campbell, California, USA, and has raised $48M to date. Autonomous driving was one other hot space final month, with two corporations raising $500 million or extra every and a quantity of other others seeing rounds over $100 million. Plus, a Chinese GPU startup saw a flood of recent funding and a truly huge chip drew investors’ attention. Here is a take a glance at one hundred corporations that collectively raised over $4 billion within the month of November.
Hypersics produces 6-8 inch silicon carbide substrates and also provides SiC testing services. Xinqiyuan Technology raised “several hundred million yuan” (CNY one hundred.zero is ~$15.7M) in pre-A4 Series financing from China Internet Investment Fund, CR Capital Management, Prosperity Investment, and Yimei Capital. Xinqiyuan Technology produces take a look at and measurement equipment for digital TVs, GPS equipment, and wireless communication gadgets. Maxic Technology received an undisclosed amount of venture funding from Sharewin Investment.
CoolSemi drew tens of tens of millions of yuan in (CNY 10.0M is ~$1.5M) in a pre-Series A spherical. CoolSemi presents power units, including low voltage shielded gate trench MOSFET, excessive voltage super junction MOSFET, trench gate field stop IGBT, SiC Schottky barrier diode , SiC MOSFET, GaN HEMT, and intelligent energy modules. It targets consumer, industrial, and automotive markets, with applications including quick chargers, LED lighting, communication energy supplies, server energy provides, photovoltaic inverters, and charging piles. Linkwise Technology, also referred to as Chengchuan Technology, raised tens of hundreds of thousands of yuan (CNY 10.0M is ~$1.5M) in Series A financing from Zhengxuan Investment, following an angel spherical in February. Linkwise Technology produces automated materials handling methods for the semiconductor trade. It also offers manufacturing line automation system planning and design services.
The firm performs IC wafer-level testing and reminiscence chip testing. Wastewater therapy firm Gradiant raised over $100.0M in Series C funding led by Warburg Pincus and Schlumberger New Energy. Gradiant supplies advanced water and wastewater treatment facilities to a spread of industries, with a concentrate on water reuse, resource recovery, brine concentration for minimum and zero liquid discharge (MLD / ZLD), and plant efficiency optimization. For fabs, it allows a supply of ultrapure water, which is required to rinse away residual chemical substances throughout production of semiconductors.
MQI is based in Denver, Colorado, USA, and was based in 2021. A consortium led by sureCore received a £6.5M (~$8.7M) grant from Innovate UK to jointly develop advanced cryogenic semiconductor IP. The aim is to create a set of CMOS IP that may function at near absolute zero for the control circuits that handle the qubits. The project will contain modeling how transistors work at these temperatures, refine TCAD tools, create a foundry PDK for cryogenic temperatures, develop memory, and characterize check chips. Along with sureCore, the consortium is comprised of SemiWise, University of Glasgow, Synopsys, Oxford Instruments, Universal Quantum, and SEEQC. A consortium led by Seeqc UK was awarded a £6.9 (~$9.2M) grant from Innovate UK to construct a commercially scalable application-specific quantum computer designed for pharmaceutical drug development.
Avelos Therapeutics, a Seoul, South Korea-based biotechnology company specializing in new drug discovery and growth, raised $8M in Series A funding. The round was led by SV Investment, UTC Investment, Quad Investment Management, Timepolio Asset Management, Mirae Asset Venture Investment and Mirae Asset Capital. The firm intends to use the funds to broaden its development […] The post Avelos Therapeutics Raises $8M in Series A Funding appeared first on FinSMEs. The CB Insights tech market intelligence platform analyzes tens of millions quietly empire bots of knowledge factors on enterprise capital, startups, patents , partnerships and news mentions that will assist you see tomorrow’s opportunities, at present. Its flagship product is Feather, a 3D sketch software program that permits artists and designers to attract their ideas in 3D as simply as in the event that they were using pen and paper.