EnCharge AI closed its second institutional funding round – which saw participation from RTX Ventures, VentureTech Alliance and ACVC Partners – and secured $22.6 million in additional funds from strategic partners. EnCharge AI, which has raised $45 million to date, said Tuesday the funding round underscores the demand for new AI chips.

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A Series E funding round has brought in $87 million for Tomorrow.io, a Boston startup that aims to establish a constellation of radar-equipped satellites to provide weather data for government and commercial organizations. Dan Slagen, chief marketing officer of Tomorrow.io, wrote in a blog post published Wednesday that Activate Capital led the financing activity with […] More

Strangeworks, an Austin, Texas-based software company focused on quantum computing, has closed a round of Series A financing led by Hitachi Ventures and will use the investment to support efforts to offer quantum-inspired technologies, high-performance computing, artificial intelligence and other tech platforms. IBM and Raytheon Technologies participated in the Series A round, which raised $24 […] More

Neural Propulsion System received a strategic investment from Raytheon Technologies‘ venture capital arm RTX Ventures via a series B funding.  Through the investment, Neural Propulsion Systems will develop a radar technology equipped with enhanced resolution and longer range for mobile and defense applications, the artificial intelligence company said Thursday. The amount of the investment was […] More

H55, a Swiss developer of electric propulsion and battery systems, has received a minority investment from Raytheon Technologies’ venture capital business unit.  The financing builds on the companies’ existing collaboration aimed at advancing the development of sustainable aviation technologies, Raytheon said Tuesday. RTX Ventures is currently in partnership with H55 for the development and demonstration […] More

RTX Ventures, the corporate venture capital unit of Raytheon Technologies, has agreed to invest in VerdeGo Aero and lead a Series A funding round for the propulsion technology startup. Florida-based VerdeGo Aero aims to raise $12 million in the venture round to build up its powertrain systems portfolio, which includes a 185 kilowatt generator designed […] More

Raytheon Technologies has invested in hypersonic aircraft developer Hermeus through its newly created venture capital group.  The investment from RTX Ventures will enable Hermeus to advance the development of its first hypersonic aircraft, Quarterhorse, and second platform, dubbed Darkhorse, Raytheon said Thursday. “Hermeus’ technical approach and business plan balances near-term defense applications with long-term commercial […] More

For centuries, humanity has harbored a profound desire to venture into the vast expanse of space. In recent years, a number of space and mission companies have emerged, dedicated to advancing the frontiers of space exploration and developing new space technologies. These companies have been actively engaged in various initiatives, from conducting scientific research and […] More