Finance

Quindar, the maker of a platform to monitor and automate satellite operations, has closed an oversubscribed $6 million seed extension round.   The funding was led by Fuse with continuing investment from Y-Combinator and Funders Club. “This infusion of funding will propel our mission to manage satellites as efficiently as servers by utilizing AI-driven insights and operations to revolutionize the ...

Tilbury based electric delivery lorry maker Tevva plans to merge with Arizona contract EV manufacturer ElectraMeccanica. “Tevva recently commenced deliveries of its 7.5 tonne battery-electric truck to commercial fleet customers focused on urban delivery – a critical and high-growth segment of the overall commercial truck market for delivery-dependent urban areas,” explained the companies in a statement. “Tevva’s existing 110,000sq-foot EV ...

Leaf Space has raised capital for a total of €20 million ($22 million) on top of a loan by the European Investment Bank (EIB) for a further €15 million through Venture Debt. The company, which specialises in ground segment services for satellite operators, said the funding would help it expand its global network of ground stations, and would help support ...

Samsung has upgraded its SmartSSD which processes data directly, thereby minimising data transfers between the CPU, GPU and RAM. The SmartSSD uses Xilinx Versal Adaptive SoCs to integrate the storage and processing functions in data centres. This technology can avoid the bottlenecks when moving data between storage devices and CPUs,  improving system performance and energy efficiency. . Leveraging software and ...

Anglia Components has broken ranks with other distributors targeting the UK’s start-ups and entrepreneurs and has launched a dedicated division, Anglia Unicorn, to put academic start-ups in touch with financial seeders and both in touch with skilled engineers who can make the vision a reality. Named after the mythical creature which eludes capture, a Unicorn company is a start-up that ...

As the world’s economies emerge from the Covid-19 pandemic, showing good growth and strong support from governments, the semiconductor industry is forecast to an annual growth of 22-25.5% in 2021. Future Horizons forecast a growth of 24.5%, for a total market value of $546.65bn, in its Mid-Term Semiconductor Industry Update. For next year, there remains uncertainty in the supply chain, ...

The government has announced forty-one universities will host doctoral training partnerships (DTPs) funded by a £179m investment from the Engineering and Physical Sciences Research Council (EPSRC), part of UK Research and Innovation (UKRI). The DTP investment was announced alongside the first nine Stephen Hawking Fellows, who will “continue Professor Stephen Hawking’s legacy” through research and STEM outreach, and funding to ...

Shenzen-based DB investment management (DBI) has joined the Crayfish.io accelerator as the second anchor investor opening up further opportunities for UK and European semiconductor and IoT companies to join the programme and get ‘China-ready’. Two months since its launch, the ‘China-ready’ investment programme for UK and European companies has increased by £2.33m. DBI’s investment focus is on IoT and semiconductors, ...

On-silicon photonics firm Rockley Photonics has accumulated $52m in the first closure of Series E funding round

Novel mems technology firm ​Integra Devices has completed a $6 million series-A funding. The Californian company has taken packaging technology, rather than silicon lithography, as the base on which it builds micromachines – created from over 15 years of research and over $20m in funding at the University of California, Irvine, according to the firm. For example, it can create an electro-mechanical ...