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Applied Intuition Closes Over $300 Million in Secondary Round and Welcomes New Investor Fidelity Management & Research
Applied Intuition, a Silicon Valley-based vehicle software supplier for automotive, trucking, construction, mining, agriculture and other industries, announced it has closed a secondary round of over $300 million and welcomes Fidelity Management & Research Company as a new investor. Existing investors General Catalyst, BOND, Lux Capital and Elad Gil also participated. As part of the secondary sale, investors purchased equity from current employees, former employees, and early investors.
The oversubscribed secondary round comes on the heels of Applied Intuition raising $250 million Series E announced back in March. The Series E funding is being used to grow Applied Intuition’s team and expand the company’s AI-powered product portfolio to continue meeting customer needs.
SHINE Technologies Raises $70 Million Financing Round to Accelerate the Commercialization of Near-Term Applications of Fusion Technology
SHINE Technologies, LLC, a next-generation fusion technology company, today announced it has raised $70 million in additional funding. The round was led by existing investors including Baillie Gifford and Fidelity Management & Research Company, and also includes participation from new institutional investors. This round will complete the commercialization and scale-up of the company’s near-term applications of fusion technology, which are used in the industrial, defense, and healthcare markets.
SHINE is deploying a four-phased approach that commercializes fusion today while scaling its technology into the future. This approach provides important near-term economic and social benefits, while building a profitable foundation for the company to sustainably grow toward its longer term objectives in energy.
Ambient Photonics Raises $30M in Series A2 Funding
Ambient Photonics, a pioneer in low-light energy harvesting technology for connected devices, has secured $30 million in a Series A2 funding round. The round was led by Fine Structure Ventures, affiliated with the parent company of Fidelity Investments, and included new investors Helios Climate Ventures, Regeneration.VC, and Sustainable Future Ventures. Existing investors I Squared Capital, Ecosystem Integrity Fund, and Cthulhu Ventures also joined the raise.
Ambient will leverage the funding to expand its manufacturing capabilities and drive mass-market adoption of its proprietary low-light energy harvesting technology, which replaces disposable batteries in connected devices, such as remote controls, keyboards, mice, electronic shelf labels, and sensors. The company recently inaugurated its flagship manufacturing facility in Scotts Valley, California.