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.

Michigan Home to Most Improved Economy in the U.S.
News

Michigan Home to Most Improved Economy in the U.S.

Bloomberg co-founder Matt Winkler and Editor Emeritus has published a piece on Michigan’s #1 U.S. economy this week, saying that under Governor Whitmer, the state has had the biggest rebound of any state in the U.S. While some of these stats are relative to previous economic troubles rather than absolute numbers on economic growth or scale, it’s a refreshing take on a state that often gets little credit on the hard work so many people have done to rebuild a state after manufacturing’s historic contraction in the early naughts. Some highlights from the piece:

Save the Date for Ohio’s New Tech Summit
Announcements, Tech Events

Save the Date for Ohio’s New Tech Summit

OhioX has just announced a new tech summit for Ohio, bringing together some of the top speakers from growing startups in the region. As we’ve covered in recent articles, the Columbus area in particular has made a name for itself in the last few years as a hub of insurtech and healthtech startups. If you’re in that space or want to stay connected to the startup and funding scene in the Midwest, details are below to register.

Investors Pour $2.8 Billion into Fastest Growing Global Hub Toronto
Funding, Tech News

Investors Pour $2.8 Billion into Fastest Growing Global Hub Toronto

The world’s fastest growing tech hub is now Toronto. The Waterloo Corridor around Toronto has finally achieved its goal of creating a tech hub growing even past planned metrics, with $2.8 billion invested into local startups in the last year, more than the last 10 years combined. This according to The Record, which reports that Toronto is now the world’s fastest growing tech hub.

May Mobility Raises $83 Million in Series C Supported by Toyota, BMW
Funding, Mobility Tech

May Mobility Raises $83 Million in Series C Supported by Toyota, BMW

May Mobility, one of Ann Arbor’s top mobility startups that created a self-driving shuttle, just closed an $83 million Series C round of funding led by Mirai Creation Fund II, a SPARX Group Co., Ltd. managed fund that focuses its support on high-growth, high-tech companies. New investors include Tokio Marine and Toyota Tsusho, with returning investors Toyota Ventures, Millennium Technology Value Partners, Cyrus Capital Partners, 1843 Capital, BMW i Ventures, and Bay Lake Ventures.

AI Security Trends To Look Out For in 2022
Security

AI Security Trends To Look Out For in 2022

The applications of artificial intelligence (AI) go far beyond the realms of sci-fi these days. It has revolutionized numerous industries, including robotics, healthcare, finance and banking, sports, software development, surveillance, entertainment, and education. It is also a stronghold of cutting-edge cybersecurity solutions that outperform traditional counterparts in terms of speed and accuracy.

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