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Latest News November: Hardware startup funding

November 14th 2016

Our latest round-up of hardware funding news. We’ve slaved over countless hardware news funnels, blogs, twitter feeds and everything in-between to deliver a succinct snapshot of who’s getting what in the technology sector. Every month we’ll deliver on our promise to keep you up to date on the movers, shakers and the makers as they battle it out – royale style to be crowned the next unicorn of 2016.

November: Hardware startup funding
  • Smart scooter startup Ather Energy has secured a whopping $31M in new venture funding from the world’s largest seller of scooters and motorbikes, Hero MotoCorp.
  • Ontario-based autonomous vehicle company Clearpath Robotics has raised $30M in a Series B funding round, driven by iNovia Capital with participation from Caterpillar Ventures, GE Ventures, Eclipse Ventures, RRE Ventures and Silicon Valley Bank.
  • San Diego-based augmented reality game company GoMeta has reached their next level, with a $2M seed round from angel investors, including former Disney CEO Michael Eisner and former MySpace CEO Mike Jones.
  • Chicago-based retail VR developer InContext Solutions has checked out with a $15.2M series E funding round co-led by Intel Capital and Beringea.
  • New York City architecture and design-oriented firm IrisVR has secured $8M series A funding led by Emergence Capital with participation from Azure Capital Partners, Indicator Ventures, Locke Mountain Ventures, Morningside Group, Pritzker Group Venture Capital, and Valar Ventures.
  • Long-range wireless startup KNL Networks has closed a $10M series A led by Creandum with participation from Inventure to channel into their ‘Internet Anywhere’ technology.
  • K4Connect, an IoT integration company geared for older adults and the disabled, has raised $8M in a series A funding round led by Intel Capital with participation from Traverse Venture Partners and a unit of Reinsurance Group of America. The Raleigh-based startup expects that funds will accelerate the growth of its first product – K4Community.
  • San Francisco startup Modbot has garnered $4 million in a seed round led by Visionnaire Ventures and included Eclipse, AME Cloud Ventures, Morado Ventures and Autodesk, Inc.
  • Pasadena-based tech startup ObEN has gathered an impressive $7.7M in a series A funding round led by CrestValue Capital with participation from Cybernaut Westlake Partners, Leaguer Venture Investment, Third Wave Digital, Dream Maker Entertainment, CEO Gordon Cheng, Cameron Pace Group China, and Idealab.
  • Tel Aviv-based connected car startup Otonomo has managed to drive home $12M in a series A funding round led by Bessemer Venture Partners and Stageone Ventures with backing from Maniv Mobility and LocalGlobe.
  • Owlet Baby Care, creators of a wireless Smart Sock to monitor your baby’s breathing, have scooped up a $15M series B from Institutes of Health (NIH), Eclipse and Eniac, Trilogy Equity Partners, the Amazon Alexa Fund, RTP-HC, Capital Integral, and Broadway Angels.
  • Danish startup OnRobot, manufacturers of a grasping device that easily adapts to Universal Robots, has managed to get its hands on $1M in equity funding from Enrico Krog Iversen, Thomas Visti and The Danish Growth Fund.
  • Smart sensor company PointGrab managed to get hold of $7M in new funding from Philips Lighting, Mitsubishi UFJ Capital Co. Ltd (MUCAP), and ABB Technology Ventures (ATV).
  • German industrial IoT startup Relayr acquired $23M in series B funding, led by Munich Re/HSB Ventures with participation from Kleiner Perkins Caufield & Byers and Munich Venture Partners.
  • Silicon Valley-based Silvair, a smart lighting platform company, has shed light on its $12M series A funding from Trigon TFI, Digital Garage, CyberAgent Ventures, and New Europe Ventures.
  • Sunflower Labs, a Silicon Valley home security system startup that incorporates smart lights and drone cameras, detected a $2.1M seed round led by General Catalyst Partners.
  • Oslo-based AR gaming company The Future Group has amassed  $20M in funding for its immersive technology that meshes together real world video and virtual worlds.
  • UrbanVolt, a Dublin-headquartered LED lighting company, lit up €30M in funding from Swiss private equity firm Susi Partners.

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