SiMa.ai raises $70m funding for generative edge AI platform

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SiMa.ai, a software-centric, embedded edge machine learning system-on-chip company, has raised an additional $70m of funding led by Maverick Capital, with participation from Point72 and Jericho, as well as existing investors Amplify Partners, Dell Technologies Capital, Lip-Bu Tan and others.

SiMa.ai will utilise the $270m raised to date to continue meeting customer demand for edge AI/ML with its first-generation Machine Learning System-on-Chip (MLSoC) while accelerating the...

Hailo closes $120m funding round and debuts Hailo-10

Hailo, a chipmaker of edge artificial intelligence (AI) processors, has extended its series C fundraising round with an additional investment of $120 million.

At the same time, the company has introduced its innovative Hailo-10 high-performance generative AI (GenAI) accelerators that usher in an era in which users can own and run GenAI applications locally without registering to cloud-based GenAI services.

The new funding round was led by current and new investors...

ZEDEDA secures $72m to meet demand for edge AI and computing

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ZEDEDA, a specialist in edge management and orchestration, announced today the closing of $72 million in growth capital, with the Series C round led by Smith Point Capital, founded by former Salesforce Co-CEO Keith Block.

As many of the world’s largest companies launched and scaled their critical edge initiatives, they have standardised on ZEDEDA for their edge management and orchestration requirements. The latest funding enables ZEDEDA to further expand sales and marketing...

Helin secures €3m to transform ‘dumb’ maritime and energy assets into ‘smart’ ones

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Helin, an industrial edge intelligence platform, has successfully raised a €3 million Seed round from FORWARD.one. The capital is Helin’s first funding round and marks the transition from its initial bootstrap phase to a phase of accelerated growth.

The funding will be used to grow Helin’s commercial and development teams and expand its Industrial Edge Intelligence SaaS platform. 

In this time of rapid increase in security compliance, energy transition...

Helin secures €3 million to transform ‘dumb’ maritime and energy assets into ‘smart’ ones

A pile of Euro notes.

Helin, an industrial edge intelligence platform, has successfully raised a €3 million Seed round from FORWARD.one.

The capital is Helin’s first funding round and marks the transition from its initial bootstrap phase to a phase of accelerated growth. The funding will be used to grow Helin’s commercial and development teams and expand its Industrial Edge Intelligence SaaS platform. 

In this time of rapid increase in security compliance, energy transition and...

Armada raises more than $55m to bridge the digital divide

Armada, an edge computing pioneer redefining the future of connectivity, compute and AI, has exited stealth.

The company has marked this milestone with a significant capital raise exceeding $55m, led by Founders Fund, Lux Capital, Shield Capital and 8090 Industries, with participation from Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments, 8VC and a cohort of other strategic investors.

This funding will propel Armada...

European Commission green lights €1.2bn funding for edge and cloud tech

A pile of Euro notes.

The European Commission has approved an Important Project of Common European Interest (IPCEI) to support research, development and first industrial deployment of advanced cloud and edge computing technologies across multiple providers in Europe.

The project, called IPCEI Next Generation Cloud Infrastructure and Services (IPCEI CIS), was jointly notified by seven Member States: France, Germany, Hungary, Italy, the Netherlands, Poland, and Spain.

The Member States will...

AI image verification company Captur raises £2.2m

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Captur, a London-headquartered startup, which has built an enterprise AI platform for real-time, rules-based image recognition, has secured £2.2m in its latest funding round, bringing its total fundraised to date to £3.5m.

The Seed investment round was led by Sure Valley Ventures, with participation from existing investors MMC Ventures and Ascension Ventures. Other investors included the likes of operator angels, ex-Deliveroo, and enterprise AI investors Concept Ventures and Two...

Surgical AI venture Hypervision Surgical raises £6.5m funding

Hypervision Surgical, a London-based venture building an advanced surgical imaging and data analytics platform, has completed a seed funding round, raising £6.5 million.

By harnessing AI and clinical edge computing, the King’s College London spin-out aims to revolutionise surgical outcomes and alleviate the global burden of surgical complications across diverse surgical specialties.

Michael Ebner, CEO and co-founder of Hypervision Surgical, said: "We are incredibly...

Sunlight.io receives extra funding as it appoints new CEO

Sunlight

Edge infrastructure company Sunlight.io has added Valedor Partners to its Series A funding round, joining existing investors Robert Bosch Venture Capital and OpenOcean.

Valedor’s joining brings Sunlight’s total funding to $20 million (£16m) as it looks to strengthen its commercial growth in US markets.

Sunlight.io says the funding will also be put towards expanding its edge-as-a-service infrastructure platform and working on partnerships with companies like Lenovo...