Tag: industries
After burning through $2 billion, Katerra gets a $200 million SoftBank lifeline to escape bankruptcy
SoftBank Group is reportedly investing $200 million to bail out Katerra, a startup that had hoped to remake the construction industry with a vertically integrated approach, according to a report in The Wall Street Journal. Katerra’s shareholders reportedly approved the new investment on Wednesday, with the new lifeline from SoftBank…
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Fluence, the energy storage systems developer, is now worth over $1 billion after QIA investment
The Qatar Investment Authority is investing $125 million into energy storage systems integrator and power management tech developer, Fluence, in a deal that will value the company at over $1 billion. The joint venture between the American independent power producer, AES Corp. and the German industrial conglomerate Siemens, was already…
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Entrepreneurs say regulatory constraints are hampering commercial applications of space tech
When Payam Banazadeh and his team started Capella Space in 2016, they had visions of providing private industry with a wealth of new data that they could use in all sorts of ways to create business opportunities and improve efficiencies. Four years later, Banazadeh is still waiting for that commercial…
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C4 Ventures raises $88M fund for for post-Series A startups, in a post-COVID19 world
C4 Ventures, the Paris -based VC, has raised a new €80 million ($88 million) “Fund II”. The fund was founded by Pascal Cagni, a former Europe boss of Apple, and includes cofounder Raph Crouan, another Apple alumni previously with Techstars and Hardware Club. C4 is designed to be a “post-Series…
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Workforce training app developer Poka adds strategic investor Schneider Electric
Poka, a workforce training app and software service for industrial companies, has added SE Ventures, the venture capital arm of the European energy and automation conglomerate Schneider Electric to its roster of backers. The company has raised over $23 million in funding so far for its application and software services…
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Microsoft opens registration for its free, online Build 2020 developer conference
Microsoft has now opened the registration for the virtual edition of its online-only Build 2020 developer conference, which will take place from May 19 to 20. Typically, the event draws over 6,000 developers, but because of the coronavirus pandemic, that’s obviously not an option. In contrast to Google, which completely…
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