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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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PASQAL raises €100m Series B, to build a “neutral atom” quantum computer

France-based PASQAL is quantum computing startup <quick primer on quantum computers: instead of bits, which conventional computers use, a quantum computer uses quantum bits – known as qubits. To illustrate the difference, imagine a sphere. A bit can be at either of the two poles of the sphere (0,1), but a qubit can exist at any point on the sphere (0,1 &/ 1,0). So, this means that a quantum computer can store an enormous amount of info & uses less energy to so (as it can operate at room temperature) vs a classical computer>. Now onto the good stuff… What makes PASQAL stand out is that the startup is betting on “neutral atoms quantum computing”....

Hardt Hyperloop raises Growth round, for hyperloop lane switching technology

Netherlands-based, Hardt Hyperloop has (among other) developed breakthrough Hyperloop Lane Switch (HLS) technology, which enables hyperloop vehicles to change lanes without additional or moving parts (allowing said to switch routes or merge in & out of hyperloop networks whilst travelling at high speed). The company is one of the key partners of the European Hyperloop Development Program - an initiative of 29 hubs/ cities & regions teaming up to create a hyperloop network. To that effect, Hardt Hyperloop was already awarded €15m from the European Commission. The new growth capital (round terms undisclosed) will go towards construction of the European Hyperloop Center test facility in Groningen, where in 2023 a 3km test track is scheduled...

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