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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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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...

Welinq raises €5m Seed, for quantum memory

France-based, Welinq is a quantum computer startup, specifically focused on “quantum memory” . Welinq’s quantum memory interconnects facilitate the storage & on-demand release of quantum info. They work by leveraging laser-cooled neutral atom technology that has demonstrated 90% efficiency in storage & retrieval. This enables to scale-up quantum computers (by entangling physically separated quantum processing units), short-cutting error correction (by redundantly encoding quantum info on many physical qubits), the deployment of QPUs on premise, in the cloud & quantum information networks. (Ps: another Paris-headquartered startup betting on neutral atoms is Pasqal, which we covered here). Welinq was founded in 2022 by Tom Darras (CEO), Jean Lautier-Gaud (CCO), Julien Laurant (Scientific Advisor) & Eleni Diamanti (Scientific...

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