Ubitium, a semiconductor startup building a “universal processor” for machines that perceive, think and act in the real world, has announced $14 million in new seed funding. The round was led by Ibex Investors, with participation from OpenOcean, existing investors including KBC Focus Fund, Runa Capital and Inflection, and Florian Seibel, co-founder and co-CEO of […]

PlusAI has moved a step closer to becoming a publicly traded company, filing registration documents with the US Securities and Exchange Commission for its proposed merger with special purpose acquisition company Texas Ventures Acquisition III Corp. The transaction, first announced in September, values autonomous driving technology developer PlusAI at approximately $800 million in pre-money equity […]

Symbotic, a specialist in AI-enabled robotics technology for the supply chain, has announced the acquisition of cellumation, a Bremen, Germany-based automation company and creator of the celluveyor, a patented, software-driven sortation technology. The celluveyor is made up of hundreds of independently controlled, omnidirectional cells. Each cell can move an item in any direction, meaning the […]