Eclipse related stories
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Clearpath Robotics gets $30 mln funding for industrial robots: ReutersCanada's Clearpath Robotics has raised US$30 million ($39.5 million) from backers, including the venture arms of Caterpillar Inc and its customer General Electric Co, to expand its industrial robot business, Reuters reported. The funding will power growth at the Kitchener, Ontario-based company's Otto Motors industrial division, created last year to provide self-driving vehicles to transport materials around warehouses and manufacturing facilities. Clearpath said while the likes of Tesla, Uber and Google are testing autonomous vehicles for use on public roads, its industrial vehicles are already commercially available.
Clearpath Robotics raises $39.5 mln in iNovia Capital-led roundClearpath Robotics Inc has secured about $39.5 million (US$30 million) in follow-on funding, adding to the $14 million raised in the company's Series A financing /canada/2015/3/rre-ventures-leads-funding-round-for-clearpath-robotics-2/ in early 2015. The latest round was led by Canadian venture capital firm iNovia Capital, with participation from Caterpillar Ventures, GE Ventures, Eclipse Ventures, RRE Ventures and Silicon Valley Bank. Founded in 2009, Kitchener, Ontario-based Clearpath is a provider of self-driving vehicle solutions to over 500 brands around the globe. Last year, it launched OTTO Motors to focus on vehicles for material transport inside manufacturing and warehouse operations. It plans to used the funds raised to grow the division.
Mavrx picks up $10 mln Series ASan Francisco-based Mavrx, a provider of agricultural imaging, has raised $10 million in Series A funding, according to a blog post https://medium.com/mavrx-blog/with-10m-in-funding-mavrx-is-set-to-cover-nearly-all-us-corn-soy-and-wheat-fields-60ce5eda44d2#.depz1l29g Eclipse Ventures led the round with participation from other investors that included Bloomberg Beta and Visionnaire Ventures.
GV leads Series C funding for camera developer LightPalo Alto, California-based Light, maker of a high-tech, multi-aperture computational camera called the L16, announced it has raised $30 million in Series C funding led by GV. The company has now raised about $65 million in funding since it was launched in 2013, according to data from Thomson Reuters. GV, formerly called Google Ventures, was joined by returning investors Bessemer Venture Partners, CRV, Eclipse Ventures, StepStone Group, strategic investor Foxconn and Paul Jacobs, executive chairman of Qualcomm.
- 6 River Systems raises $6 mln
6 River Systems Inc said Tuesday that it raised $6 million in seed funding led by Seth Winterroth of early-stage venture fund Eclipse. Also participating was iRobot. Boston-based 6 River provides fulfillment automation for e-commerce and retail operations.
- Swift Navigation grabs $11 mln Series A
San Francisco-based Swift Navigation, a GPS technology provider, has secured $11 million in Series A funding. Lior Susan and Pierre Lamond of Eclipse led the round with participation from New Enterprise Associates, Promus Ventures, First Round Capital, Felicis Ventures, Fall Line Capital, Qualcomm Ventures and Lemnos Labs.
Bionics startup Wiivv Wearables raises $3.5 mln in seed fundingVancouver-based Wiivv Wearables Inc, a bionics company that creates custom, 3D printed body gear, has secured $3.5 million in seed-stage financing. The round was led by U.S. venture capital firm Eclipse Ventures, Canadian firm Real Ventures, and is the first investment made by Asimov Ventures, a U.S. investor focused on 3D printing and robotics. Other investors included Evonik Industries, MAS Holdings, Relentless Pursuits Partners and FIT Technology Group. Founded last year, Wiivv said it is preparing for a Kickstarter campaign in early 2016 to build a community of early adopters for its first product: BASE, a 3D printed comfort-fit insole.
Formation 8 continues to dissolveFormation 8's Hardware Fund, which was renamed Eclipse Ventures Fund I, has relocated to Palo Alto, the latest move in which the firm's partners are going their separates ways.
- Flex Logix grabs $7.4 mln
Flex Logix Technologies Inc, a provider of patented EFLX technology, has raised $7.4 million in financing. Eclipse Ventures, a former Formation 8 hardware fund, led the round with participation from other investors that included Lux Capital and the Tate Family Trust. In conjunction with the funding, Shirish Sathaye of Formation 8, has been appointed to Flex Logix's board of directors.
- Eclipse Resources to raise $440 mln in private placement
Oil and gas company Eclipse Resources has agreed to sell 62.5 million shares of its common stock in a $440 million private placement. The backers include EnCap Investments. The transaction is expected to be completed on or around January 28, 2015. KeyBanc Capital Markets advised Eclipse Resources and also served as placement agent.