capital funding

LiDAR Specialist Raises $12 Million in Seed Funding

LiDAR Specialist Raises $12 Million in Seed Funding

SiLC Technologies Inc, a developer of integrated single-chip frequency modulated continuous wave (FMCW) LiDAR solutions, has announced it has raised $12 million in seed funding led by Dell Technologies Capital. The money is expected to be used by SiLC to fund its research and development (R&D) department to help with the production of its FMCW…

Deep Instinct Raises $43 Million in Series C Funding

Deep Instinct Raises $43 Million in Series C Funding

Deep learning and cybersecurity company Deep Instinct has announced that it has raised $43 million in Series C funding in a round led by Millennium New Horizons, and with participation from the London-based Unbound, LG, and existing investor NVIDIA. This funding, along with previous rounds that saw the likes of Samsung and HP Inc. participating,…

HPE Announces Acquisition of Native Security Startup Scytale

HPE Announces Acquisition of Native Security Startup Scytale

Hewlitt Packard Enterprises (HPE) has announced the acquisition of cloud native security startup Scytale, though neither company has disclosed the acquisition price. Scytale, which is built on the open-source Secure Production Identity Framework for Everyone (SPIFFE) protocol, works to ensure applications know when it’s OK to share information with each other when no human intervention…

Haptx Raises $12 Million in Funding for Sensor-Packed Glove

Haptx Raises $12 Million in Funding for Sensor-Packed Glove

Seattle-based startup Haptx has announced it has secured another $12 million in funding to further develop its glove hardware. This round of funding — which brings the total amount raised by Haptx thus far to $19 million — came from Mason Avenue Investments, Taylor Frigon Capital Partners, Upheaval Investments, Votiv Capital, Keiretsu Forum, Keiretsu Capital, NetEase and Amit Kapur of Dawn…

Hugging Face Raises $15 Million to Expand Natural Language Processing Library

Hugging Face Raises $15 Million to Expand Natural Language Processing Library

Natural language processing company (NLP) Hugging Face has announced it raised $15 million in funding in a round led by Lux Capital, and with participation from A.Capital, Betaworks, Richard Socher, Greg Brockman, and NBA star Kevin Durant. Hugging Face originally launched a chatbot app back in 2017 that allowed users to generate a digital friend…

Yoti Eyes Global Expansion with £8 Million in Equity Funding

Yoti Eyes Global Expansion with £8 Million in Equity Funding

Yoti has secured £8 million in new equity investment in the company’s third successful funding round since its debut in 2017. The new funds will be invested in product development and expansion as the company searches for new partners. “Over the past few years we have invested about £65 million to develop our privacy-preserving identity…