USIT

Celestial AI Closes $175 Million Series C Funding Round Led by U.S. Innovative Technology Fund

Retrieved on: 
Wednesday, March 27, 2024
Technology, Semiconductor, Software, Networks, Internet, Hardware, Electronic Design Automation, Data Management, Artificial Intelligence, USIT, SGH, Photonics, Memory, Copper, Celestial, KDT, Koch Industries, AMD, Temasek, Silicon

Celestial AI™ , creator of the Photonic Fabric™ optical interconnect technology platform, today announced it raised $175 million in its Series C funding round led by Thomas Tull’s U.S.

Key Points: 
  • Celestial AI™ , creator of the Photonic Fabric™ optical interconnect technology platform, today announced it raised $175 million in its Series C funding round led by Thomas Tull’s U.S.
  • “This highly oversubscribed financing round is another testament to Celestial AI’s position to disrupt the market, and reflects the magnitude of business opportunity before us,” said Dave Lazovsky, Celestial AI founder and CEO.
  • Celestial AI’s Photonic Fabric optical interconnect technology addresses these critical challenges by revolutionizing memory and compute fabrics.
  • This latest round of funding will enable Celestial AI to execute multiple large-scale customer collaborations focused on commercializing its breakthrough Photonic Fabric technology platform.

Lambda Raises $320M to Build a GPU Cloud for AI

Retrieved on: 
Thursday, February 15, 2024
Semiconductor, Technology, Software, Artificial Intelligence, Internet, Hardware, Cloud, Rakuten, USIT, Bloomberg Beta, Partnership, Health, Graphics processing unit, Government, SK Telecom, Commerce, GPU, Science, Deep learning super sampling, Research, H100, NVIDIA, Cryptocurrency

The company will use this new equity financing to expand its AI cloud business, including Lambda’s popular on-demand and reserved cloud offerings.

Key Points: 
  • The company will use this new equity financing to expand its AI cloud business, including Lambda’s popular on-demand and reserved cloud offerings.
  • Founded in 2012, Lambda has over a decade of experience building AI infrastructure at scale and has amassed over 100,000 customer sign-ups on Lambda Cloud.
  • "Lambda is addressing a critical market need for accessible, affordable, highly-performant cloud infrastructure designed specifically for AI workloads.
  • Our ongoing partnership with Lambda expands customer choice and paves the way forward in state-of-the-art price-performance in AI."

Gecko Robotics Raises $100 Million to Extend its Series C Funding Enabling Major Growth in its Defense Business

Retrieved on: 
Tuesday, December 5, 2023
Technology, Other Defense, Contracts, Other Technology, Software, Hardware, Robotics, Artificial Intelligence, Defense, Attention, Palmer Luckey, Atmosphere of Earth, Navy, Columbia, Multimedia, Founders Fund, United States Navy, Freedom, The Co Founder, United States Armed Forces, USIT, Medical device, Cryptocurrency, Gecko, Cantilever

Gecko Robotics , the industry leader in using AI-powered software and advanced robotics to maintain and build the world’s most important physical infrastructure, today announced an extension of its Series C funding round bringing the total Series C raise to $173 Million.

Key Points: 
  • Gecko Robotics , the industry leader in using AI-powered software and advanced robotics to maintain and build the world’s most important physical infrastructure, today announced an extension of its Series C funding round bringing the total Series C raise to $173 Million.
  • View the full release here: https://www.businesswire.com/news/home/20231205433553/en/
    As part of the extension, Gecko is adding representatives from US Innovative Technology Fund (USIT) and Founders Fund to its corporate board.
  • “This investment is designed to help supercharge our work ensuring the critical assets that our military relies on to protect our national security are ready,” said Gecko Robotics CEO Jake Loosararian.
  • Gecko is on the frontlines of making sure the assets we rely on are ready if called upon - both today and tomorrow."

Veolia North America Acquires U.S. Industrial Technologies To Expand Its Hazardous Waste Treatment Business

Retrieved on: 
Tuesday, October 31, 2023
Environment, Construction & Property, Urban Planning, Utilities, Chemicals, Plastics, Sustainability, Manufacturing, Other Natural Resources, Energy, Natural Resources, Waste management, Wind, Acquisition, ESS, Growth, Water resources, Transport, Recycling, USIT, Overalls, Safety, Collection, Veolia

The transaction includes the acquisition of USIT’s main operational location in Livonia, Michigan and another operation in Knoxville, Tennessee.

Key Points: 
  • The transaction includes the acquisition of USIT’s main operational location in Livonia, Michigan and another operation in Knoxville, Tennessee.
  • The Livonia center serves as a collection and storage location for complex waste streams from a wide variety of customers, most notably in the manufacturing sector.
  • It also aligns with Veolia’s Purpose, driving innovative environmental solutions for customers that support the ecological transformation of the planet.
  • The business is also a hub of innovation to support environmental sustainability, developing pioneering solutions for the recycling and repurposing of a wide range of materials including wind energy blades and industrial solvents.

Shield AI Raises $200M, Reaching $2.7B Valuation

Retrieved on: 
Tuesday, October 31, 2023
ARK, Cathie Wood, Aircraft, GPS, Government, Disruption, Hive mind, Tesla, F-16, General partnership, Chevrolet Series F, Entrepreneurship, Quadcopter, Aviation, Environment, Shield AI, Shield, USIT, Navy, AI, Forest Law Enforcement and Governance Program, Ark Invest, SAN, Phosphorus, Series

SAN DIEGO, Oct. 31, 2023 /PRNewswire/ -- Shield AI, the defense technology company building the world's best AI pilot for aircraft, today announced it has raised $200 million in Series F funding in an oversubscribed funding round. This funding, led by U.S. Innovative Technology Fund (USIT) and co-led by Riot Ventures, with participation from Cathie Wood's ARK Invest and returning investors Disruptive and Snowpoint, values Shield AI at $2.7 billion.

Key Points: 
  • Innovative Technology Fund (USIT) and co-led by Riot Ventures, with participation from Cathie Wood's ARK Invest and returning investors Disruptive and Snowpoint, values Shield AI at $2.7 billion.
  • Shield AI builds an AI pilot called Hivemind, which enables teams of intelligent aircraft to operate autonomously in high-threat environments on the edge, without the need for remote operators, command inputs, or GPS.
  • "Shield AI continues to be a pioneer in this sector, driving much needed innovation by developing state-of-the art AI pilots.
  • "As deep-tech investors, we have seen a large swath of autonomy efforts in every realm and Shield AI has a clear lead.

Pryon Closes $100 Million Series B Round Led by Thomas Tull’s US Innovative Technology Fund

Retrieved on: 
Tuesday, September 19, 2023
Professional Services, Data Management, Technology, Finance, Software, Artificial Intelligence, LLM, Maintenance, Natural language processing, Hallucination, Letter, Information, United, Health, RAG, Mercedes de Lasala de Riglos, Intelligence, Oracle, NLP, Government, Organization, OCR, Risk, Jim Breyer, HPC, Engineering, Series, Apple, Knowledge, Growth, ESG, Knowledge management, AI, ASR, Salesforce, USIT, Automation, Risk management, Management

Pryon , the pioneer in bringing AI to knowledge management, today announced that it closed a $100 million Series B investment led by Thomas Tull’s US Innovative Technology Fund (USIT).

Key Points: 
  • Pryon , the pioneer in bringing AI to knowledge management, today announced that it closed a $100 million Series B investment led by Thomas Tull’s US Innovative Technology Fund (USIT).
  • This funding allows Pryon to accelerate its growth, augment its team, expand into international markets, and scale strategic partnerships.
  • Many such organizations experience the disconnect between high value content and their stakeholders, resulting in abandoned, defective, or stalled workflows.
  • Pryon was established to eliminate this knowledge friction and developed by the creative minds behind Amazon’s Alexa, Apple’s Siri, and IBM’s Watson.

Primer announces $69M in Funding to Accelerate AI-Enabled Information Advantage

Retrieved on: 
Wednesday, June 14, 2023
Ticketmaster, Ambassador, Democracy, Army, Pat Tillman Foundation, Leaf Group, Special Operations Warrior Foundation, Intelligence, B2C, NLP, Government, USSOCOM, Machine learning, SAN, Chairperson, Air force, Growth, Commercial, AI, USIT, AWS, Organization, Medical device, Addition

SAN FRANCISCO, June 14, 2023 /PRNewswire/ -- Primer Technologies, an AI/ML technology firm specializing in AI-powered data analysis, today announced a Series D round with a first close of $69M to accelerate the delivery of trusted AI solutions for the U.S. Government and Commercial customers. The company also announced Sean Moriarty's recent appointment as CEO, who brings decades of technology and leadership experience, previously holding senior executive roles at the Leaf Group, Ticketmaster and Metacloud. The funding was led by Addition, with participation from the U.S. Innovative Technology Fund (USIT), founded by chairman Thomas Tull.

Key Points: 
  • This funding enables Primer to accelerate R&D of generative AI and cutting-edge machine learning models, grow its talent, and continue to mature its product offering.
  • "Primer is developing cutting-edge decision support technology for national security and military organizations that has mission critical applications.
  • We're proud to support Primer as they continue delivering competitive advantages for the United States and its allies."
  • The company recently launched the Primer Delta platform, a self-curating knowledge base that can analyze millions of documents in seconds.

Colossal Biosciences Secures $150M Series B and Announces Plan to De-Extinct the Iconic Dodo

Retrieved on: 
Tuesday, January 31, 2023
Hardware, Health Technology, Environmental, Social and Governance (ESG), Technology, Stem Cells, Professional Services, Environment, Environmental Issues, Genetics, Agriculture, Natural Resources, Biotechnology, Science, Software, Research, Health, Gene editing, Synthetic biology, Protein engineering, Colossal Biosciences, United States Air Force Scientific Advisory Board, Save the Elephants, Partnership, Animoca Brands, Multimedia, IUCN Red List, Genome, International Elephant Foundation, Gametogenesis, Cornell Lab of Ornithology, Elephant, Computational biology, George Church, Series, Ecosystem, University, Jim Breyer, Reading, Baylor College of Medicine, Genomics, Mammoth, DNA, Life, Classroom, Bird, Hope, Biology, Genetic engineering, Permafrost, Carbon, Embryology, Dodo, B cell, Duane, Laboratory, Forrest Galante, EEHV, USIT, CRISPR, Biofuel, Biodiversity, Woolly mammoth, University of Alaska Fairbanks, Management, Hunting, Antibiotics, Thylacine, Colossal

View the full release here: https://www.businesswire.com/news/home/20230131005411/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230131005411/en/
    Dr. Beth Shapiro, Ph.D. (Lead Paleogeneticist and Colossal Scientific Advisory Board Member) and Ben Lamm (Colossal Co-Founder and CEO).
  • Since launching in September 2021, Colossal has raised $225M in total funding.
  • Colossal is on a mission to reverse these staggering statistics through genetic rescue techniques and its de-extinction toolkit.
  • Colossal creates innovative technologies for species restoration, critically endangered species protection and the repopulation of critical ecosystems that support the continuation of life on Earth.

Capella Space Raises $60M in Growth Equity from the United States Innovative Technology Fund to Expand Satellite Imaging Capacity and Meet Rapidly Growing Customer Demand

Retrieved on: 
Tuesday, January 10, 2023
IPO, Marketing, CISO, Capella Space, Capella, Synthetic-aperture radar, Adobe, CFO, Security, SAN, ZG, SAR, Growth, Smoke, Name, CHRO, ADPT, Weather, Tesla, Climate change, HP, USIT, Surveying, Management, Impinj, Zillow

SAN FRANCISCO, Jan. 10, 2023 /PRNewswire/ -- Capella Space, a leading American satellite manufacturer and Earth observation company, today announced it has closed $60 million in growth equity financing from the U.S. Innovative Technology Fund ("USIT"). Capella will leverage this growth capital to expand its imaging capacity and develop new data products as customer demand grows for its frequent, timely and high-quality SAR imagery and analytics capabilities.

Key Points: 
  • Capella will leverage this growth capital to expand its imaging capacity and develop new data products as customer demand grows for its frequent, timely and high-quality SAR imagery and analytics capabilities.
  • Access to reliable, 24-7, high-quality Earth observation data has never been more critical as the world today faces intense geopolitical, environmental and humanitarian challenges.
  • The company is at an important inflection point in its growth, and this capital will set Capella Space up well to expand into new markets," said Cohen.
  • For more information on Capella Space and how you can leverage SAR for your organization, visit https://www.capellaspace.com/data/sar-imagery-products/ .

Shield AI Boosts Series E to $225M as Company Continues to Accelerate Building the World's Best AI Pilot

Retrieved on: 
Tuesday, December 13, 2022
Aircraft, Defense, Learning, GPS, USIT, AI, U.S. Department of Defense Strategy for Operating in Cyberspace, Navy, SAN, General Dynamics F-16 Fighting Falcon, Medical device

SAN DIEGO, Dec. 13, 2022 /PRNewswire/ -- Shield AI , a fast-growing defense technology company building AI pilots for aircraft, today announced it has raised additional equity capital from the U.S.

Key Points: 
  • SAN DIEGO, Dec. 13, 2022 /PRNewswire/ -- Shield AI , a fast-growing defense technology company building AI pilots for aircraft, today announced it has raised additional equity capital from the U.S.
  • "Shield AI is a leader in this space, developing some of the most advanced and cutting-edge technology for AI piloting."
  • "Shield AI is a leader in this space, developing some of the most advanced and cutting-edge technology for AI piloting.
  • Shield AI is a venture-backed company built around a team of proven executives, warfighters with relevant national security experience, and world-class AI engineers.