VCs can t stop talking about these 6 climate-tech startups Pachama This story is available exclusively to Insider subscribers. Become an Insider and start reading now.
The climate-tech industry is booming, and experts say it s set to grow even more next year.
We asked 15 VCs and incubators which startups could pop in the year ahead. They offered up 46 of them.
But just six startups came up again and again, from Form Energy to AMP Robotics.
What do recycling robots, satellites that monitor trees, and protective coatings for food have in common?
They re all technologies, within the sprawling climate-tech industry, that could help curb carbon emissions. They re also some of the technologies developed by startups that venture capitalists can t stop talking about.
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Nubix, a San Francisco, CA-based IoT development company, closed $2.7m seed financing round.
The round – which brings the total funding to $4.5m – was led by Tuscan Management with participation from Chevron Technology Ventures, Blackhorn Ventures, Engage Ventures, Center Electric, Momenta Ventures, and Mentors Fund, and current investor Bee Partners. In conjunction with the funding, Joshua Silber, managing partner at Tuscan Management, will join Nubix’ board.
The company intends to use the funds to expand its engineering capabilites.
Led by Rachel Taylor, co-founder and CEO, Nubix provides tiny containers and tiny services for businesses to develop once and deploy anywhere. Its real-time operating system (RTOS) container and services solution for MCUs makes the development and deployment of Internet of Things (IoT) and edge applications possible empowering developers to easily analyze and take action on data being generated in real-time on a sensor device. Microc
Nubix Raises $2.7M To Bring Containers To Tiny IoT Devices
‘You can deploy the same container, the same application to both a Linux-based microprocessor as well as a real-time operating system [microcontroller unit], and that is what nobody else can claim on the planet right now,’ says Nubix CEO Rachel Taylor. By Dylan Martin December 16, 2020, 09:00 AM EST
Nubix wants to make it as easy and scalable to develop and manage applications on tiny IoT devices at the edge as it is in the cloud. The solution? Container services for microcontroller units, or MCUs tiny, low-power chips that power tens of millions of IoT devices from connected washer machines to heat sensors in oil refineries which the company said is an industry first.
SAN FRANCISCO, Dec. 16, 2020 /PRNewswire/
Nubix today announced it has closed $2.7 million in seed financing led by Tuscan Management with strategic investment from
Chevron Technology Ventures, in addition to participation from other new investors. The new round brings the total funding for the company to $4.5 million.
Joshua Silber, managing partner at Tuscan Management, will join the company s board. The funding will be used to expand engineering and enable Nubix to further capitalize on its position as a leader in edge-native application platforms.
According to Arm, there are
160 billion devices at the edge with 6.4 billion shipped in the last quarter of 2019 alone. Two-thirds of these devices are microcontrollers (MCUs) that are rigid to innovation and inherently risky to update. Nubix solves this problem with a real-time operating system (RTOS) container and services solution for MCUs, making the development and deployment of Internet of Things (IoT) and edge applic
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