Kibo Ventures
Assembly Line
HyperSpectral Announces $8.5M Series A Funding to Accelerate Deployment of Spectral Artificial Intelligence Software
HyperSpectral, the world’s first AI-powered spectral intelligence company with hardware-agnostic solutions for particle detection, emerged from stealth with $8.5 million in a Series A funding round. HyperSpectral’s Series A round was co-led by RRE Ventures and Kibo Ventures with participation from Correlation Ventures, and GC&H Investments. The funds will allow the company to ramp up development of the technology, hire key talent, and create wider AI datasets through lab partnerships and testing.
The company has garnered significant interest from multiple industry sectors, with food safety and healthcare being among the most important. In the food safety sector, Case Western Reserve University and the Safe Food Alliance are key partners. This interest has led the company to initiate several pilot programs in these industries. Additionally, the company has secured a contract with the Defense Advanced Research Projects Agency (DARPA) to help develop defense applications for this technology.
Frenetic to open silicon valley office after $12M Series A round for magnetic components production
Frenetic’s $12 million Series A round was led by Kibo Ventures, with existing investors 42Cap, Join Capital, Bankinter, Bonsai, and Big Sur participating in the round. The company specialises in the simulation, design, and production of high-frequency magnetic components for any and all devices that require power. With its offer, Frenetic is essentially eliminating the industry’s age-old standard of trial and error when it comes to the crucial component of all power supplies, magnetics.