Helium-3 Ventures
Assembly Line
Engineered Arts Restructures as U.S. Company, Secures Series A Funding to Scale Social, Interactive Humanoid Robot Production
Engineered Arts, a global leader in the design and manufacture of humanoid robotics founded in the U.K., has restructured as a U.S. entity to expand its footprint and meet U.S. growing demand. Alongside this move, the company successfully closed its Series A funding round, raising $10 million to accelerate product refinement, manufacturing readiness, scale production, and investment in advanced business systems.
Helium-3 Ventures led the Series A funding, with additional participation from AppDirect Chairman and CEO Nicolas Desmarais, Belvoir Investments and a consortium of investors, including ThirtySeven Holdings Inc. and Figueira Capital. Matthew Bellamy, frontman of the English rock band Muse and a partner in Helium-3 Ventures, will join Engineered Arts’ board as an observer.
The new funding will enable Engineered Arts to make its full-sized and desktop robots more accessible, launch a virtual robot character platform, and expand its cloud-based AI services to enhance product features and fleet deployment. Focusing on next-generation robot hardware development, Engineered Arts will enhance dexterity and locomotion to bring humanoid robots closer to everyday functionality. Additionally, scaled support and regional offices will enable Engineered Arts to provide customization for specific use cases. The company plans to hire approximately 20 new employees for the Redwood City location over the next year-and-a-half, ranging from top-level execs and sales to software, assembly, and support engineers.
eLstar Dynamics Announces Ten Million Euros in Funding
eLstar Dynamics, a leading developer of dynamic glass, has secured a ten-million-euro investment from an innovative top 100 Dutch company. The funding will further support the technological development of adaptive glass aimed at bringing eLstar’s products to market. eLstar intends to leverage the growing demand for energy-efficient, sustainable, and cost-effective solutions in the building and automotive sectors.
Prior to this round of funding, eLstar raised a total of 13 million euros from two Dutch family offices with strategic interests in eLstar’s sustainability-focused technology