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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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Safegrid raises €5.7m Seed, to locate, predict & prevent grid faults

Finland-based, Safegrid develops the “Intelligent Grid System” (IGS) solution, which helps utilities & grid operators locate, predict & prevent common grid fault-types – e.g. high & low impedance earth faults (EF), intermitted EF, short circuit faults, IO glitches, (re)connected load faults – through cloud-based monitoring & wireless sensors as follows:  “GridGuardian”: cloud-based monitoring system, which analyses all data from Grayfox & Grayhawk sensors (aka fault passage indicator devices - FPI) (see below). It can operated as a standalone system, with SCADA integration requires (of course, when necessary, deep integration into customers’ systems is available via flexible REST APIs) “Grayfox”: FPI sensor specifically for underground cable networks. With these, one can check & locate faults like e.g. corroded insulators...

Plexal acquires Hub8, a coworking space focused on cyber-security startups

London-based Plexal, a "generalist" coworking space, has acquired a majority stake in Cheltenham-based Hub8, a cyber security-focused coworking space (note: Cheltenham is the natural home of the UK’s cyber ecosystem, thanks to GCHQ’s more than 70-year heritage in the town). Hub8 was founded in 2019 by Bruce Gregory (CEO) & Plexal was founded in 2018 by Andrew Roughan (CEO) - with backing from DV4 (a real estate value added fund managed by Delancey). Plexal already owns similar co-working space in London & Manchester, & this latest acquisition is part of its ongoing mission to build the UK’s most connected cyber ecosystem. Plexal & Hub8 already collaborated in the past, having won in 2021 the National...

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