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A team of former SpaceX engineers want to revolutionize the U.S. railroad system with their fully autonomous, battery-electric rail vehicles
Matt Soule, a former long-time SpaceX engineer, partnered with his former colleagues at SpaceX on a new startup named, Parallel Systems.
Parallel Systems, a company founded by three former SpaceX engineers to build autonomous battery-electric rail vehicles, came out of stealth mode on Wednesday with a $49.55 million Series A raise. The company, which has raised $53.15 million to date, including a $3.6 million seed round, is working to create a more efficient, decarbonized freight network […]
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As capital pours in to climate investments, Congruent Ventures closes on $175 million for early-stage bets Congruent Ventures, the early-stage investment firm focused on technologies and services designed to avert the current climate emergency, has raised $175 million in financing for its latest fund. The firm, which now has $300 million in assets under management, is focused on investing in pre-seed, seed and Series A rounds and was founded by Abe Yokell and Joshua Posamentier, two longtime investors in the climate space with over 20 years of experience investing in the sector. “With the d...