Beyond the Lab #6
A bi-weekly roundup of deeptech startup & VC news
In today’s email:
Spatial intelligence funding a Slam dunk
New re-usable spacetech stuff
There’s quantum computing opps in them thar banks
Slamcore raises $16 million in series A round of funding to power the future of autonomous machines
Intro: Slamcore, a spatial intelligence company that gives situational awareness to robots, drones, machines, and VR/AR headsets, has raised $16 million in a series A round of funding. The company's AI-powered localization and mapping smarts will play a big part in powering the self-navigating machines of the future. This market is estimated to be worth $22 billion within a decade. With this investment, Slamcore plans to expand its team and continue developing its technology.
The autonomous mobile robot market is booming, and Slamcore is planning to capitalize on this growth with its AI-powered localization and mapping technologies.
If they can deliver robots with more situational awareness than me, that would be both an achievement and an underwhelming milestone.
HyPrSpace raises €1.1 million to develop reusable OB-1 launcher
HyPrSpace, a startup that specializes in space launcher design, has announced that it has received €1.1 million from the Geodesic fund, Bpifrance's French Tech Seed fund managed on behalf of the French government by Bpifrance as part of France 2030, and private investors. This money will help HyPrSpace expand its team and develop its OB-1 reusable launch vehicle, which could disrupt the global launcher market by making access to space more affordable and efficient.
With this investment, HyPrSpace is poised to become an active player in the space industry. Their innovative design promises to radically reduce costs and open up new opportunities for exploration and research. Insert Elton John Rocketman joke.
Multiverse Computing announces successful collaboration with Bank of Canada
The Bank of Canada has collaborated with the firm Quantum Multiverse Computing on a research case, demonstrating that quantum computing may be used to solve complex problems. The project aimed to verify the potential of quantum computing in solving complex simulations and produced fresh insights into economic issues.
With this success, Multiverse Computing has cemented its position in quantum computing and is poised to make major advancements in the field. Their innovative approach to solving complex problems has excited many researchers, who are eager to see where their technology can take us next. Banking is a clear opportunity for quantum, with use cases that range from fraud prevention to risk prediction.
Female deep tech founders are starting to lean into their authentic selves, reminding themselves—and potential investors—that they are capable and willing to be a startup founder and CEO. It can be easy to get labeled or thrown into the “scientist” bucket, but the more we fight that stigma and highlight the success stories, the better the path will be for women in the future. Progress takes breaking patterns to forge new pathways for diverse startup success.
Emerging agriculture trends mark a shift towards smart farming and efficient utilization of time and resources while reducing crop losses. Smart farming is an upcoming concept that deploys technologies like the Internet of Things (IoT), computer vision, and artificial intelligence (AI) for farming. Robots and drones are replacing traditional farm operations such as picking fruits, killing weeds, or spraying water or fertilizer on crops.
DCVC Co-founder & Managing Partner Zack Bogue joins Emily Chang to talk about how some of society’s biggest challenges have become great business opportunities, and how DCVC tries to solve trillion dollar problems by investing in Deep Tech.