Cytronic Secures $13.5 Million Seed Funding Led By Slow Ventures For Automated Fulfillment Network

Cytronic, a robotic fulfillment company founded by Kevin Gibbon and Scott Moen, has raised $13.5 million in seed funding led by Slow Ventures, with participation from Geek Ventures, Failup Ventures, Alumni Ventures, Spacecadet Ventures, Weekend Fund, Mana Ventures, Script Capital, and others. The company is building an automated fulfillment network for direct-to-consumer brands, combining robotics hardware and proprietary software to reduce fulfillment costs, speed up deliveries, and help ecommerce companies scale without investing in warehouse infrastructure. Gibbon previously founded Shyp and Airhouse, where he shipped more than 10 million packages and identified the growing complexity and cost of fulfillment as brands expand. FOUNDERS: Kevin Gibbon & Scott Moen INVESTORS: Slow Ventures, Geek Ventures, Failup Ventures, Alumni Ventures, Spacecadet Ventures, Weekend Fund, Mana Ventures, Script Capital, Adam Nash & Gokul Rajaram ROUND: Seed AMOUNT: $13,500,000 HQ: San Francisco, California #VentureCapital #Cytronic #KevinGibbon #ScottMoen #TradedVC

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Joby Aviation Acquires Resonant Sciences For $500 Million Expanding Defense CapabilitiesJoby Aviation agreed to acquire Ohio-based Resonant Sciences for $500 million in cash and stock, expanding its defense capabilities with a dedicated division focused on military aircraft and autonomy technology. Resonant Sciences co-founder and CEO J. Micah North will lead the new defense unit, which will integrate Joby’s defense programs while allowing the company to focus on commercializing its electric air taxi business. SALE PRICE: $500,000,000 HQ: Santa Cruz, California #VentureCapital #JobyAviation #ResonantSciences #TradedVC

Yulu Secures $93 Million In Series C Funding Led By GEF Capital PartnersYulu, the Bengaluru-based electric mobility startup, has raised $93 million in a Series C round comprising $63 million in equity led by GEF Capital Partners and $30 million in debt financing. Co-founder and CEO Amit Gupta said the funding will help Yulu expand its fleet from about 50,000 to 200,000 electric two-wheelers over the next two years, including its new higher-speed Yulu Express model for longer-haul e-commerce deliveries, bike taxis and parcel services. FOUNDERS: Amit Gupta, Naveen Dachuri, Hemant Gupta & R.K. Misra INVESTORS: GEF Capital Partners, Bajaj Auto & Magna International ROUND: Series C AMOUNT: $93,000,000 HQ: Bengaluru, India #VentureCapital #Yulu #GEFCapitalPartners #TradedVC