Pison Technology raises $7M in Series A funding

A tech startup that launched in 2016 is planning to double its headcount in New England after raising new investment funds.MIT spinoff Pison Technology, which has around 40 local employees, closed a $7 million round this month to bring its total funding to $11 million, according to CEO Dexter Ang.A MassChallenge Boston alum, Pison Technology is developing a wrist sensor that enables hands-free control of electronics. The device, which is the size of an Apple Watch, captures neuromuscular signals on the surface of the skin and combines them with machine learning algorithms to interpret how people intend to move their hands, and transmits those signals to a smartphone to control digital devices.Led by Lavrock Ventures, the Series A round saw participation from returning investor In-Q-Tel, a nonprofit investment arm of the CIA, and Bose Venture Capital.

Source: Pison Technology raises $7M in Series A funding, plans to hire in Massachusetts – Boston Business Journal

Evolv Technology raises $14.5M in new debt financing 

Evolv Technology, which has pulled in funding from Jeb Bush’s firm and Bill Gates, has now raised an additional investment.The Waltham-based maker of touchless security-screening systems said Monday in a regulatory filing it has raised just north of $14.5 million in the first tranche of a $30 million offering of debt and other securities.

Source: Evolv Technology raises $14.5M in new debt financing – Boston Business Journal

Berkshire Grey raises $263 million for industrial robots 

Industrial robots and warehouse automation are lucrative intermingling markets, as evidenced by Berkshire Grey. The Lexington, Massachusetts-based company, which combines AI and robotics to automate omnichannel fulfillment for retailers, ecommerce, and logistics enterprises, today announced that it has secured a mammoth $263 million in series B funding led by SoftBank. Khosla Ventures, New Enterprise Associates, and Canaan participated in the round. CEO Tom Wagner says the fresh capital will fuel the startup’s global expansion, acquisitions, and team growth.

Source: Berkshire Grey raises $263 million for industrial robots | VentureBeat

Desktop Metal to go public via reverse merger with a SPAC

Burlington-based Desktop Metal Inc. is the latest Massachusetts company to go public this year thanks to an accelerated procedure called a reverse merger.Not including more than a dozen life sciences IPOs this year, Desktop Metal is the fourth Massachusetts company to go public this year. Non-biotech companies that went public this year include daily fantasy sports betting company DraftKings Inc. (Nasdaq: DKNG) which also went public via a reverse merger, Duck Creek Technologies (Nasdaq: DCT) and Amwell.The 3-D printing company announced Wednesday it will become a publicly traded company through a merger deal with a special purpose acquisition company, or SPAC. In a release, Desktop Metal said early Wednesday it had signed a merger agreement with Trine Acquisition Corp. (NYS

Source: Desktop Metal to go public via reverse merger with a SPAC – Boston Business Journal

Startup Power Hydrant tests robotics for EV charging

Even as electric vehicle technology transforms the industry, most EV chargers still bear a strange likeness to the traditional internal-combustion world, plugging into a port on the car just like an old-fashioned gas pump nozzle.

Source: Startup Power Hydrant tests robotics for EV charging

Lockheed Scales Back F-35 Program

Lockheed Martin is making significant scheduling changes to hold on to employees while dealing with supplier delays impacting the F-35 program as a result of the COVID-19 pandemic.

Source: Lockheed Scales Back F-35 Program | Manufacturing.net

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