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 Kirsten Korosec

Phantom Auto raises $13.5M to expand remote driving business to delivery bots and forklifts

Phantom Auto raises $13.5M to expand remote driving business to delivery bots and forklifts

Remote driving startup Phantom Auto has raised $13.5 million of financing in a Series A round led by Bessemer Venture Partners — capital used to expand a logistics business targeting sidewalks, warehouses and cargo yards, all the places where autonomy and teleoperation are being deployed today. The startup, founded in 2017, has raised about $19 […]

 Kirsten Korosec

Online used car startup Shift adds another $40M, snags COO in road to IPO

Online used car startup Shift adds another $40M, snags COO in road to IPO

Online used car startup Shift Technologies has tacked on another $40 million in equity funding, hired a new COO with Amazon and Enjoy roots and scaled up its engineering staff — all in the past several months — as the company aims to double its revenue this year. The recent activity, along with what executives […]

 Kirsten Korosec

Linear Labs’ next-gen electric motor attracts $4.5 million in funding

Linear Labs’ next-gen electric motor attracts $4.5 million in funding

Linear Labs, a startup developing an electric motor for cars, scooters, robots, wind turbines and even HVAC systems, has raised $4.5 million in a seed round led by Science Inc. and Kindred Ventures.  Investors Chris and Crystal Sacca, Ryan Graves of Saltwater Ventures, Dynamic Signal CEO Russ Fradin, Masergy executive chairman and former-CEO Chris MacFarland, […]

 Kirsten Korosec

Lidar and perception startup Innoviz raises $132 million

Lidar and perception startup Innoviz raises $132 million

Innoviz, the Israel-based startup developing solid-state lidar sensors and perception software for autonomous vehicles, has raised $132 million in a Series C funding round that includes major Chinese financial institutions. The round, which makes Innoviz one of the better capitalized lidar startups, includes China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), Shenzhen Capital Group and […]

 Kirsten Korosec

Lidar startup Ouster raises $60 million in production run-up

Lidar startup Ouster raises $60 million in production run-up

Ouster has raised $60 million as the San Francisco-based lidar startup opens a new facility that will have the capacity to assemble and ship several thousand sensors a month by the end of 2019. The new factory, which will have a grand opening ceremony March 28, currently produces hundreds of sensors per month. Ouster says […]

 Kirsten Korosec

Sony venture arm invests in geocoding startup what3words

Sony venture arm invests in geocoding startup what3words

Sony’s venture capital arm has invested in what3words, the startup that has divided the entire world into 57 trillion 3-by-3 meter squares and assigned a three-word address to each one. Financial details were not disclosed. The startup’s novel addressing system isn’t the whole story. The ability to integrate what3words into voice assistants is what has […]

 Kirsten Korosec

Alphabet spins off moonshot project Malta with backing from Gates’s BEV fund

Alphabet spins off moonshot project Malta with backing from Gates’s BEV fund

Malta, the renewable energy storage project born in Alphabet’s moonshot factory X, is now on its own and flush with $26 million from a Series A funding round led by Breakthrough Energy Ventures . Concord New Energy Group and Alfa Laval also invested in the round. Project Malta launched last year in Alphabet’s X (formerly Google X) with […]

 Kirsten Korosec

SoftBank invests in parking startup ParkJockey pushing valuation to $1 billion

SoftBank invests in parking startup ParkJockey pushing valuation to $1 billion

SoftBank continues to invest in the future of transportation — this time in ParkJockey, a startup that has built a technology platform aimed at monetizing parking lots. And ParkJockey, which was founded in 2013, is already using that capital to scale up. Along with the SoftBank investment news, ParkJockey also announced that it was acquiring two […]

 Kirsten Korosec

RideCell expands funding round to $60 million

RideCell expands funding round to $60 million

RideCell, a transportation software startup, has doubled its previously announced Series B funding round to $60 million, a sign that investors believe demand for cloud-based mobility platforms will grow as more companies try to scale up car-sharing, ride-hailing and even robotaxi businesses. The company, which has developed a platform designed to help car-sharing, ride-sharing and autonomous […]

 Kirsten Korosec

Automakers invest in Transit, the app that helps people get around without a car

Automakers invest in Transit, the app that helps people get around without a car

Transit, a company that built a mobile app designed to help people in cities live without cars, has raised $17.5 million from two automakers in a Series B round. The round was led by RenaultNissan-Mitsubishi’s joint investment arm Alliance Ventures. InMotion Ventures, Jaguar Land Rover’s venture capital fund, also joined the round, as well as two past […]

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