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Tomorrow Things raises €1.5M for AI-driven digital twins
AI start-up Tomorrow Things has secured €1.5 million in funding to continue the development of an AI-powered Operating System for machines on the internet. High-Tech Gründerfonds (HTGF) and neoteq ventures led the funding which was supported by Notion Capital, solo GP Robin Capital, and a number of business angels specializing in fundraising, marketing, and B2B SaaS (Christian Noske, Maximilian Eichler, Thomas Lang, Thomas Hollwedel, and Markus Doetsch).
Tomorrow Things is an intelligent automation platform that creates digital twins of technical assets. Tomorrow Things enables secure bidirectional data transfer between machines and internet applications. AI-driven control strategies can be created centrally by value-add partners and operated on the edge to execute optimised setpoints in the machine interface that achieve better results.
Valispace Joins Forces with Altium in a Strategic Acquisition
Altium, a leading provider of design software for the electronics industry, has acquired Valispace. Valispace’s capabilities in Systems- and Requirements Engineering will complement the Altium 365 cloud platform for product and electronics design. High-Tech Gründerfonds (HTGF), one of Europe’s leading seed investors, was the firstinstitutional investors and has been a close supporter of the team since the seed investment in 2018.
Altium and Valispace are joining forces to accelerate the execution of a shared vision for empowering engineers. Products are becoming more and more defined by their electronics: While in the 1980s a car would contain around 20 chips, this number has grown to more than 2000. At the same time there are continuously higher demands to track regulatory and other requirements down to the component level, and modern systems engineering practices are needed more than ever to manage the rising complexity of products. Engineers therefore rightfully demand modern tools that allow them to develop future products with an end-to-end solution for which Valispace at Altium will be a major building block.
€1.6 million investment for XITO: Seed funding for easily accessible robotics
The start-up Toolify Robotics, founded by the three robotics experts Dr. Dennis Stampfer, Dr. Matthias Lutz and Dr. Alex Lotz, has convinced investors of its business model and completed its seed financing with a total of €1.6 million. “We will use the funds from this financing round to further accelerate our growth,” says Dr. Dennis Stampfer. “We plan to expand our innovative solution platform, hire new talent and strengthen our market presence.”
The aim of the Ulm-based startup is to develop further use cases to provide especially small and medium-sized companies with a path to automation. In addition to the existing investor High-Tech Gründerfonds (HTGF), the group of investors for the seed phase now consists of the start-up BW Seed Fund of the MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg GmbH, the investment companies of the Sparkasse Ulm and Biberach as well as the robotics solution provider AiCobot and combines the financing of Toolify with the prospect of facilitating and accelerating the integration of robotics in medium-sized manufacturing companies.
COLIPI Receives EUR 1.8 Million Seed Funding
The conclusion of the Seed funding round marks a significant success for the Hamburg-based deep-tech startup COLIPI GmbH as it embarks on the year 2024. Investors include the High-Tech Gründerfonds (HTGF), the Innovationsstarter Fonds Hamburg (IFH), Nidobirds Ventures GmbH, and Stefan De Loecker. With this, COLIPI moves a significant step closer to its vision of “Fermenting Renewable Carbon For Generational Life Quality”.
The start-up founded in 2022, a spin-off from the Technical University of Hamburg, supported by the EXIST Research Transfer Program (German Federal Ministry of Economic Affairs and Climate Action) and the InnoRampUp Program (IFB Innovationsstarter GmbH), is revolutionizing the way oil is produced. COLIPI is, in a sense, a brewery for oils. Carbon is sourced or filtered from the air rather than pumped from the ground. CO2-containing industrial emissions and organic by-products, for example, from the agricultural industry, are converted by microorganisms through fermentations into valuable biomaterials like Climate Oil. The oil is more sustainable than crude oil and palm oil, considering the CO2 footprint and its impact on biodiversity. It is enabled by a patented bioprocess, a combination of a specially designed gas fermentation bioreactor and the world’s fastest CO2-consuming bacteria. Industrial partners offering products such as cosmetics based on Climate Oil will be able to significantly reduce their corporate CO2 footprint. The founders, Philipp Arbeiter, Tyll Utesch, Jonas Heuer, and Maximilian Webers, aim to produce many millions of tons of Climate Oil annually by 2039, avoiding multiples of that amount in CO2 emissions. This will be an active contribution to climate protection and, consequently, humanity’s well-being. The recently completed Seed financing is another milestone for the young company. The capital will be utilized to expand the team, test the market with products manufactured by partners, and scale the technology.
Chipmetrics Secures € 2.4 Million Seed Funding Round to Accelerate Product Innovation and Global Expansion
Chipmetrics Ltd, the Atomic Layer Deposition (ALD) technology company and a pioneer in 3D ultra-high aspect ratio test elements for metrology of semiconductor and advanced thin film material manufacturing, proudly announces the successful closure of a €2.4 million investment round. The international investor syndicate was led by High-Tech Gründerfonds (HTGF) and co-led by OCCIDENT from Germany. Other investors were Innovestor, REDSTONE and BALD Engineering. This substantial investment serves as a testament to Chipmetrics’ groundbreaking advancements in the PillarHall® metrology test chip technology, positioning the company as a frontrunner in conformality measurements in material deposition processes. The funds raised will be instrumental in accelerating Chipmetric’s product development efforts, scaling production capabilities, and expanding its market presence with the already existing international customer base.
Soluterials’ innovative and sustainable aluminium material revolutionises the industry
German start-up Soluterials has raised a seven-figure sum in the first closing of its seed round to accelerate the market launch of its innovative and sustainable high performance pure aluminium material SoluteriAL. SoluteriAL reduces the carbon footprint and offers superior properties compared to conventional aluminium metal or alloys, opening new opportunities for a wide range of industries. Backed by High-Tech Gründerfonds (HTGF) and three business angels, the company will scale up production and expand its team.
SoluteriAL extends the properties of pure aluminium, such as high electrical conductivity, high thermal conductivity, corrosion resistance and low weight, with high mechanical strength and high creep resistance.
Toolify secures seed funding from HTGF to make robotics more accessible for SMEs
The Ulm-based start-up Toolify, founded by robotics experts Dr. Dennis Stampfer, Dr. Matthias Lutz, and Dr. Alex Lotz, has received seed funding from High-Tech Gründerfonds (HTGF). The company’s unique combination of an online marketplace and modular system, XITO, aims to make the complex world of robotics easily accessible..
Toolify’s XITO offers a solution to this challenge. The open, digital marketplace proposes tailored products for individual automation projects, helps with comparison, and enables online planning and a seamless transition to implementation. The user has the freedom to decide how much they want to handle themselves. XITO is already being used for tasks such as machine loading, assembly processes, gluing, pick & place, and palletizing.