Keep up with the innovative tech transforming business
Tech Brew keeps business leaders up-to-date on the latest innovations, automation advances, policy shifts, and more, so they can make informed decisions about tech.
The past three months may have been tough on skinny jeans, but they’ve been great for VC funding. December, January, and February snagged the record for top $$ months in the past two years. Plus, 60 new unicorns have appeared in the first two months of 2021 alone.
A few deals that caught our eye in February:
Robotics: Locus Robotics, the Massachusetts-based warehouse robotics company, raised a $150 million Series E—earning it unicorn status.
- Elsewhere in robotics process automation: UiPath raised a $750 million Series F, bringing its post-money valuation north of $35 billion.
Space: Axiom Space, the Houston-based private spaceflight firm, raised a $130 million Series B. It’ll use the funds to keep ferrying private astronauts into space, like on SpaceX’s Crew Dragon, and continue toward its ultimate goal: private space stations.
EVs: Svolt, the Chinese EV battery maker, raised a ~$500 million Series A. Some of the $$ is earmarked for product R&D and manufacturing, as the company recently signed an agreement with an Eastern Chinese province to build a $1+ billion battery manufacturing base.