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Lendurai raises €5.6M Seed, for autonomous UAV systems in GPS-denied environments

Quick Facts🗂️ Company: Lendurai Website: https://lendurai.com LinkedIn: https://www.linkedin.com/company/lendurai/ Location: Tallinn, Estonia Funding Round: Seed Amount Raised: €5.6M Lead Investor(s): Expeditions Fund Other Investors: Vsquared, HCVC, Lemonade Stand All Investors: Expeditions Fund, HCVC, Lemonade Stand, Vsquared Total Funding to Date: €5.6M Founded: 2024 Sector: Defense Technology, Autonomous UAV Systems Company...

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Orcan Energy raises Growth funding, to transform industrial waste heat into energy

Germany-based, Orcan Energy "harvests waste heat from small to medium sources & turns it into energy". To do so, the startup sells plug & play efficiency "PACK"(s), that can easily be integrated on existing flue gas, steam & thermal oil circuits as well as liquid heat (i.e. hot water) sources; these include furnaces in cement, zinc, metal & glass industry, as well as thermal afterburners in automotive, construction & wood processing and refineries. The startup's innovation is an "Organic Ranking Cycle" (ORC) inside the PACKs, which works as follows: an “evaporator” transfers the heat source into the PACK; that heat pressurizes a working fluid, which is then routed/ vaporized to drive an expansion machine/ generator...

Slingshot Simulations raises €3.4m Series A for digital twins focused on sustainability & decarbonization

UK-based Slingshot Simulations, was founded in 2019 by Dr. David McKee (CTO) as a spin-out from the University of Leeds. The company focuses on using spatial big data, to underpin large digital twin models, for some of society’s biggest challenges like climate change, public health & sustainability. Its main product, “Compass Engine”, is a no-code SaaS platform where enterprises can upload their data, automatically find links within it & create virtual representations thereof. Side note: Slingshot Simulations also participates in global knowledge sharing in the digital twin space, through the industry’s Digital Twin Consortium (of which the founder is a co-chair) & the UK’s Center for Digital Built Britain. It’s worth mentioning that the global...

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