Top News

Apple commits $100 billion to US manufacturing.

Trump administration plans 100% tariff on semiconductor imports.

American Power: Pirate Wires covers General Matter’s launch.

Timeline

Massive Fundings

Motive, a 12-year-old San Francisco, CA startup that provides a fleet safety & operations platform, raised a $150.0 million financing led by Kleiner Perkins with participation from AllianceBernstein. More here.

General Matter, 2-year-old Paducah, KY startup that provides uranium enrichment for nuclear energy, raised a $50.0 million financing led by Founders Fund. More here.

Lyric, a 4-year-old Sunnyvale, CA startup that provides a supply chain intelligence platform, raised a $43.5 million Series B led by Insight Partners with participation from Primary Venture Partners, Permanent Capital Ventures, VMG Partners, PSP Growth, and NewBuild. More here.

Multibeam, a 15-year-old Santa Clara, CA startup that provides semiconductor production technology, raised a $31.0 million Series B led by Onto Innovation and Lam Capital with participation from UMC Capital and MediaTek Capital. More here.

Mid-Size Fundings

OpenMind, a 1-year-old San Francisco, CA startup that provides an open, AI-native software stack for robots, raised a $20.0 million financing led by Pantera Capital with participation from Ribbit Capital, Coinbase Ventures, HSG, DCG, Pebblebed, Topology, Primitive Ventures, Lightspeed Faction, and Anagram. More here.

FORT Robotics, a 7-year-old Philadelphia, PA startup that provides remote control robot production, raised an $18.9 million Series B led by Tiger Global with participation from Prime Movers Lab, Mark Cuban, FundersClub, Creative Ventures, GRIDS Capital, Ahoy Capital, Neman Ventures, Mana Ventures, Gaingels, and Ryuu Co. More here.

Corsha, a 7-year-old Washington, DC startup that provides a dynamic machine identity platform, raised an $18.0 million Series A-1 led by SineWave Ventures with participation from Razor's Edge Ventures and Ten Eleven Ventures. More here.

JEH Aerospace, a 3-year-old Atlanta, GA startup that provides components for the aerospace and defense industries, raised an $11.0 million Series A led by Elevation Capital with participation from General Catalyst. More here.

FloVision Solutions, a 5-year-old South Bend, IN startup that provides AI-powered analytics for food production, raised an $8.7 million Series A led by Insight Partners with participation from Serra Ventures, SOSV, and Rockstart. More here.

SixSense, a 7-year-old Singapore startup that provides AI-powered defect detection for semiconductor manufacturing, raised an $8.5 million Series A led by Peak XV's Surge with participation from Alpha Intelligence Capital and FEBE. More here.

Raise Robotics, a 4-year-old San Francisco, CA startup that provides autonomous construction robots, raised a $7.8 million Seed led by MaC Ventures with participation from Undivided Ventures, Cybernetix Ventures, Zacua Ventures, and Union Labs. More here.

Caspian, a 1-year-old San Francisco, CA startup that provides an AI-powered customs compliance platform, raised a $5.4 million Seed led by Primary Venture Partners with participation from Blank Ventures. More here.

Exits

Blade Air Mobility, an 11-year-old New York, NY startup that provides helicopter rideshare, was acquired for $125.0 million by Joby Aviation. More here.

ONExia, a 41-year-old Exton, PA startup that provides robotics system integration, was acquired for $28.9 million by Doosan Robotics. More here.

Thanks for Reading!

• Interested in industrial tech? Reach out on X and LinkedIn where I share other informational content.

• Check out past issues here.

• Anything else on your mind? Reply to this email to say hi! I’d love to hear from you.

-Greg