Funding, Sustainable Energy / May 13, 2022 Wind Turbine Drone Inspection Startup SkySpecs Raises Record-Breaking $80M Round Led by Goldman Sachs

Ann Arbor-based renewable energy O&M solutions startup SkySpecs has just announced an $80 million strategic capital raise led by the Sustainable Investing business within Goldman Sachs Asset Management with additional participation from a subsidiary of NextEra Energy Resources and other existing SkySpecs investors including Statkraft Ventures, Equinor Ventures, Evergy Ventures, UL Ventures and Huron River Ventures. This is one of the biggest startup raises in Michigan history.

Announcements, Environmental Tech, Funding, Uncategorized / May 13, 2022 Midwest Climate Tech Startups Find Funding through Evergreen

Evergreen Climate Innovation’s 501vc Investment Fund now invests $200k - $300k in early-stage climate tech startups in the Greater Midwest. This climate tech-focused investment fund is looking to support climate startups specifically in the tech space that are headquartered in places like Michigan, Ohio, Pennsylvania, Indiana, and the surrounding states, a location that is historically under-funded for climate tech.

Announcements, Mobility Tech, Robotics, Security / May 13, 2022 Septentrio Partners with MicroPilot for Secure High-Accuracy Drone GPS

Septentrio, an industry leader in high-precision GNSS positioning solutions, has just announced a collaboration with MicroPilot, a creator of professional UAV autopilot systems.

Engineering, Mobility Tech, Software / May 6, 2022 CarBeast creates AI tool to predict car repair costs

CarBeast is a Michigan and California-based startup who created an AI tool with a different application: it helps you make informed decisions about the repair and maintenance of your car, even before it has problems.

News, Software / May 6, 2022 AI Tool from Stefanini, Lawrence Tech Helps Run Smart Factories

AI tool Sophie, from Stefanini, is now helping run factories, because of a partnership between Stefanini Group and Lawrence Technological University (LTU). It's one of the first applications we've seen of natural language processing for AI integration with smart manufacturing, and we sat down with Stefanini leadership to learn about the challenges of developing AI for manufacturing applications and why this type of application is a cutting edge use of the technology.

Announcements, Tech Events / April 29, 2022 Ann Arbor’s a2tech360 Is Back in 2022

Have you been waiting for a2tech360, Ann Arbor's tech week, to come back post-pandemic? This year, the week-long festival of all things Ann Arbor tech is coming back in October. Details below.

Announcements / April 28, 2022 Thank you for 400 Articles, Midwest Tech!

Thanks to the generous support and interest of those of you in the Midwest tech community and beyond, Cronicle Press has just hit another milestone: 400 articles covering the growth of Midwest tech hubs like Ann Arbor, Detroit, Columbus and Chicago.

Engineering, Robotics / April 22, 2022 Midwest startup uses AI and robotics to build modern homes

It's no secret lumber costs have skyrocketed, which opens the door to new building materials and technologies. Enter Terran Robotics, a Midwest startup funded by the NSF and recently run through the ODX accelerator to use proprietary AI and robotics technology to build modern homes.

Announcements, Funding / April 19, 2022 Pitch Your Startup at 2022 Pitch @ WCC

The Washtenaw Community College Entrepreneurship Center's premier event of the year, Pitch @ WCC, is taking place this year in hybrid format, with virtual sessions leading to private in-person pitches on WCC's Ypsilanti campus in May 2022. If you have a new business you'd like to pitch, check out the info below to get involved. Hurry, the deadline is approaching!

Engineering, Mobility Tech / April 14, 2022 GM Secures Raw Materials & Partnerships To Produce Future EVs

A number of materials shortages have challenged automakers' efforts to get more EVs on the road in the last year, but General Motors has now secured an agreement to get the raw materials needed to produce EV batteries. GM and Glencore, a company that mines, recycles, and produces raw materials, have just announced that they have signed a multi-year agreement to source materials for GM's electric vehicle batteries.

Find Funding For Your Business with SPARK’s Funding Stage Guide & Programs
Funding

Find Funding For Your Business with SPARK’s Funding Stage Guide & Programs

Did you know that Michigan business incubator and support organization SPARK helps with guiding regional entrepreneurs through the startup process as well as helping them secure funding? Ann Arbor SPARK focuses mostly on tech businesses, but even if you’re not in the tech space (and even if you’re not in Michigan), you can find information about how to navigate the startup funding process on their website where they lay out the process of finding funding by growth stage. This handy and short guide can help you find local programs where you might find funding to tide you over until your business reaches growth stage.

Find Climate Business Funding with the CleanTech Funding Database
Funding, Sustainable Energy

Find Climate Business Funding with the CleanTech Funding Database

The Clean Energy Business Network has created a database of funding opportunities for cleantech businesses. This helps pair eligible businesses with funding for climate technologies based on stage of the company or technology and by industry. As businesses become more aware of their climate impact and look for ways to green their business processes or technology, we wanted to highlight some ways to connect with people who can provide technology or help cleantech entrepreneurs grow their business anywhere in the U.S.

Report: University of Michigan Research Contributes $100M to State Economy
News, University of Michigan

Report: University of Michigan Research Contributes $100M to State Economy

The University of Michigan’s enormous research enterprise contributed $97 million to Michigan’s economy over the past fiscal year, according to University of Michigan News sources. This supported employment and business development statewide. The report comes from the Institute for Research on Innovation and Science, which explored how university research spending impacts the economy.

Genomics AI startup Genomenon rapidly expands genomics data userbase, raises $20 million
Funding, Tech News

Genomics AI startup Genomenon rapidly expands genomics data userbase, raises $20 million

Genomenon, Ann Arbor’s AI-driven genomics company, recently announced closing a $20 million Series B financing round. The funds will help expand the company’s commercial operations and the development of its genomic data hub. The Genomenon data hub works with genetic testing labs, hospitals, and biopharma companies by using artificial intelligence to organize genomic data and make it available to clinicians to diagnose patients with rare genetic diseases and cancer. The goal is to use genomics data to create precision medicine that target molecular drivers of disease.

North Coast Ventures Raises $38M for Midwest SaaS Startups
Funding, Software

North Coast Ventures Raises $38M for Midwest SaaS Startups

Cleveland’s North Coast Ventures has raised another $38 million to invest in Midwest startup companies, after investing $60 million in 57 regional companies in the last few years. This VC fund focuses on scalable SaaS companies, so we thought we would profile a few of them for you to show you what firms like NCV are looking for in a software startup.

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