Infinitum Electric raises $40 Million in Series C; PCB motor
Infinitum Electric, developer of the printed circuit board (PCB) motor (earlier post), raised $40 million in Series C funding to scale production of its ultra-high-efficiency, lightweight motors. The investment will be used to expand production of the company’s IEs Series motors for commercial and industrial applications and complete development of its IEm Series motors for the rapidly growing electric vehicle market.
Infinitum Electric’s motor design replaces the copper wire and laminated iron core found in conventional motors with a silicon-based printed circuit board stator, making the motor smaller, lighter and more efficient. Infinitum Electric motors are 10% more efficient, 50% lighter and smaller, and significantly quieter than conventional motors, the company says. Infinitum Electric motors offer a fully integrated system: motor, variable frequency drive (VFD) and embedded IoT in a single compact packag
Boost for hyperspectral satellite monitoring as Orbital Sidekick raises $16M
14 Apr 2021
Orbital Sidekick (OSK), a San Francisco startup with plans to launch a constellation of hyperspectral imaging micro-satellites, has raised $16Â million in series A venture funding.
Coming just a few months after the company landed a $16Â million contract with the US Air Force, the additional capital should see OSK start to offer commercial imaging services next year.
Having previously collected and analyzed hyperspectral data captured by the International Space Station, OSK is due to launch six hyperspectral satellites from a SpaceX Falcon 9 rocket in the first quarter of 2022.
The payload should produce the highest resolution commercial hyperspectral imagery ever made available, with a claimed GSD (ground sampling distance) of approximately 8Â meters.
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Orbital Sidekick Secures $16 Million Series A to Commercialize Hyperspectral Satellite Monitoring Solutions for Energy and Defense Sectors
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SAN FRANCISCO, April 13, 2021 /PRNewswire/
Orbital Sidekick (OSK), the first US commercial company to deploy hyperspectral sensors in space, has announced a $16 Million Series A funding round led by
Temasek, an investment company headquartered in Singapore, to expand its innovative product offerings, new strategic partnerships, and introduce its advanced monitoring technology to new industries. The round also includes Energy Innovation Capital, existing investors Allied Minds and 11.2 Capital, and Syndicate 708. Paired with our recent $16M United States Air Force contract award in October 2020, the close of this Series A round allows us to focus on the deployment of the GHOSt constellation and the commercial release of our monitoring services platform SIGMA™, Tushar Prabhakar, COO and Co-Founder of