Industrial AI
Applied Computing Raises $20M to Build Foundation AI for Energy
Energy plants collect enormous volumes of operational data. The harder problem is turning it into decisions operators can trust. London-based Applied Computing has raised $20 million in Series A funding to expand Orbital, its foundation AI platform for oil, gas, refining, and petrochemical operations. The round was led by engineering and technology company KBR, with […]
Monumental Raises $32M to Scale Autonomous Construction Robots
Construction does not only have a labor shortage. It has an automation deployment problem. Amsterdam-based Monumental has raised $32 million in Series B funding to expand its fleet of autonomous construction robots across Europe and prepare its first US pilot projects. The round was led by Khosla Ventures, with existing investors Plural and Hummingbird Ventures […]
TerraFirma Raises $115M to Scale Robotic Construction Infrastructure
Austin-based TerraFirma has raised approximately $115 million to expand a full-stack construction platform built around software, remote operations and semi-autonomous heavy equipment. The financing includes a $100 million Series A led by Kleiner Perkins. Bain Capital Ventures, Glade Brook Capital Partners, BANNER VC, Saga Ventures, Trust Ventures, Definition, PEAK6, Magnetar Capital and Ravelin Capital also […]