Hoverfly Technologies Secures $20 Million Series B Round Led By Leonardo DRS And KRM

Hoverfly Technologies, a Sanford, FL-based provider of tethered drone systems for defense and security, closed a $20 million Series B round led by existing investor Leonardo DRS, Inc. and new partner Korea Robot Manufacturing (KRM). Leonardo DRS contributed $15 million and entered a manufacturing agreement to expand production of Hoverfly’s Sentry and launch a new line for the Spectre system. KRM invested $5 million and will establish a U.S. facility to produce key components, becoming Hoverfly’s exclusive manufacturer and preferred vendor. Led by CEO Steve Walters, Hoverfly delivers tethered drone platforms designed for persistent aerial surveillance and network extension for global defense and security applications. INVESTORS: Leonardo DRS & Korea Robot Manufacturing (KRM) ROUND: Series B AMOUNT: $20,000,000 HQ: #SanFord #Florida #VentureCapital #SteveWalters #HoverflyTechnologies #LeonardoDRS #KoreaRobotManufacturing #KRM #TradedVC

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Thinking Machines Valued At $50 Billion In Funding Discussions With New Product TinkerThinking Machines, the AI startup founded by former OpenAI executive Mira Murati, is in early discussions to raise a new round of funding at a reported $50 billion valuation, up from its $12 billion valuation in July after securing about $2 billion. The talks come as the company rolls out its first product, Tinker, a tool for fine-tuning language models, and as co-founder Andrew Tulloch recently departed to join Meta, with deal terms still in flux and not yet finalized. FOUNDER: Mira Murati VALUATION: $50,000,000,000 HQ: #SanFrancisco #California #VentureCapital #ThinkingMachines #MiraMurati #TradedVC

Exowatt Secures $50 Million In Funding To Boost U.S. Manufacturing Of Solar TechnologyExowatt has raised an additional $50 million to accelerate U.S. manufacturing and the rollout of its dispatchable P3 solar systems, bringing its total funding to $140 million in under two years. Founded in 2023 by Hannan Happi—who also serves as CEO—and Atomic CEO Jack Abraham, the company is scaling its modular, around-the-clock solar technology to meet surging power demand from AI data centers and industrial sites. The extension round was led by MVP Ventures and 8090 Industries, with participation from existing backers including Felicis and a range of venture firms and angel investors. FOUNDERS: Hannan Happi & Jack Abraham INVESTORS: MVP Ventures, 8090 Industries, Felicis, The Florida Opportunity Fund, DeepWork Capital, Dragon Global, Massive VC, New Atlas Capital, BAM, Overmatch, Protagonist, StepStone, Atomic & Bay Bridge Ventures AMOUNT: $50,000,000 HQ: #Miami #Florida #VentureCapital #Exowatt #HannanHappi #JackAbraham #MVPVentures #8090Industries #Felicis #TheFloridaOpportunityFund #DeepWorkCapital #DragonGlobal #MassiveVC #NewAtlasCapital #BAM #Overmatch #Protagonist #StepStone #Atomic #BayBridgeVentures #TradedVC

Orion Raises $17.5 Million Seed Round From Mucker Capital Browder Capital And Second Sight VenturesOrion, the sleep technology startup co-founded by 25-year-old Harry Gestetner, his father Daniel Gestetner, and partners Blake Johnson and Scott Cohen, raised $17.5 million in a seed round led by investors including Mucker Capital, Browder Capital, and Second Sight Ventures. The company makes a sensor-activated mattress cover that uses AI to regulate body temperature for optimal sleep, with plans to develop more affordable sleep products and expand its recurring subscription model for ongoing biometric analysis. FOUNDERS: Harry Gestetner, Daniel Gestetner, Blake Johnson & Scott Cohen INVESTORS: Mucker Capital, Browder Capital & Second Sight Ventures. Criticality (Ryan), Mucker Capital (William), Browder Capital (Joshua Browder), Second Sight Ventures (Patrick Finnegan), Lead Ventures (Adidas Family), Power of N (Nikki), The Family Fund & Founder Community (Sean & Josh), Hawke Ventures (Erik), Break Trail Ventures (Jay), Antler, Intuition VC (Hugo), Cooley LLP + angels including Allison Ellsworth & Stephen Ellsworth (poppi), Jim McKelvey (Square), Eytan Elbaz (Google AdSense/Scopely), Tanay Tandon (Commure), Jacob Peters & Max Marchione (Superpower), Luke Harries (ElevenLabs), Alon Matas (BetterHelp), and others. ROUND: Seed AMOUNT: $17,500,000 #VentureCapital #Orion #HarryGestetner #DanielGestetner #BlakeJohnson #ScottCohen #MuckerCapital #BrowderCapital #SecondSightVentures #TradedVC

Alembic Technologies Secures $145 Million In Series B Funding Led By Prysm Capital And AccentureAlembic Technologies, a causal AI startup led by co-founder and CEO Tomás Puig, has raised $145 million in a Series B round co-led by Prysm Capital and Accenture. The funding, which boosts the company’s valuation nearly 16-fold, will help Alembic expand its enterprise-grade causal AI models and deploy a new Nvidia NVL72 superPOD supercomputer. The system will serve as the backbone of Alembic’s private AI infrastructure, powering real-time causal insights for enterprise clients like Accenture while ensuring high performance, reliability, and data security. FOUNDER: Tomás Puig INVESTORS: Prysm Capital, Accenture, Liquid 2 Ventures, NextEquity, Friends & Family Capital, WndrCo & SLW ROUND: Series B AMOUNT: $145,000,000 HQ: #SanFrancisco #California #VentureCapital #AlembicTechnologies #TomásPuig #PrysmCapital #Accenture #Liquid2Ventures #NextEquity #FriendsandFamilyCapital #WndrCo #SLW #TradedVC

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