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Mighty Buildings nabs $40M Series B to 3D print your next house

Once upon a time, the idea of 3D-printed homes felt like a thing of the future.
But as housing gets less and less affordable — especially in ultra-expensive markets such as the Bay Area — companies are getting creative in their quest to build more affordable homes using technology.
One of those companies, Oakland-based Mighty Buildings, just raised $40 million in Series B funding for its quest to create homes that it says are “beautiful, sustainable and affordable” using 3D printing, robotics and automation. It claims to be able to 3D print structures “two times as quickly with 95% less labor hours and 10-times …

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Firehawk Aerospace extends seed funding to $2.5 million with $1.2 million from Harlow Capital

Rocket fuel technology startup Firehawk Aerospace has added $1.2 million to its existing seed financing, bringing the full amount invested in the round to $2.5 million. The new tranche comes from Harlow Capital Management, a Dallas-based firm run by Colby Harlow, who will join Firehawk’s board of directors as part of the deal.
Firewhawk, which was a finalist in our first-ever all-virtual Startup Battlefield at TC Disrupt last September, has developed a new kind of hybrid rocket fuel that greatly enhances rocket launch safety, cost and transportation using additive manufacturing (basically, the grown-up version of 3D printing). Hybrid rocket fuel (which …

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Wingcopter raises $22 million to expand to the U.S. and launch a next-generation drone

German drone technology startup Wingcopter has raised a $22 million Series A – its first significant venture capital raise after mostly bootstrapping. The company, which focuses on drone delivery, has come a long way since its founding in 2017, having developed, built and flown its Wingcopter 178 heavy-lift cargo delivery drone using its proprietary and patented tilt-rotor propellant mechanism, which combines all the benefits of vertical take-off and landing with the advantages of fixed-wing aircraft for longer distance horizontal flight.
This new Series A round was led by Silicon Valley VC Xplorer Capital, as well as German growth fund Futury Regio Growth. Wingcopter CEO …

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Deep Science: Using machine learning to study anatomy, weather and earthquakes

Research papers come out far too rapidly for anyone to read them all, especially in the field of machine learning, which now affects (and produces papers in) practically every industry and company. This column aims to collect the most relevant recent discoveries and papers — particularly in but not limited to artificial intelligence — and explain why they matter.

A number of recently published research projects have used machine learning to attempt to better understand or predict these phenomena.

This week has a bit more “basic research” than consumer applications. Machine learning can be applied to advantage in many ways users benefit …

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How artificial intelligence will be used in 2021

Scale AI CEO Alexandr Wang forecasts the biggest emerging use cases

Kirsten Korosec

9 hours

Scale AI CEO Alexandr Wang doesn’t need a crystal ball to see where artificial intelligence will be used in the future. He just looks at his customer list.
The four-year-old startup, which recently hit a valuation of more than $3.5 billion, got its start supplying autonomous vehicle companies with the labeled data needed to train machine learning models to develop and eventually commercialize robotaxis, self-driving trucks and automated bots used in warehouses and on-demand delivery.

The wider adoption of AI across industries has been a bit …

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Space manufacturing startup Varda, incubated at Founders Fund, emerges with $9 million in funding

From a young age, Will Bruey, the co-founder and chief executive of Varda Space Industries, was fascinated with space and running his own business.
So when the former SpaceX engineer was tapped by Delian Asparouhov and Trae Stephens of Founders Fund to work on Varda he didn’t think twice.
Bruey spent six years at SpaceX. First working on the Falcon and Dragon video systems and then the bulk of the systems actuators and controllers used in the avionics for the crewed Dragon capsule (which recently docked at the International Space Station). `
According to Asparouhov, that background, and the time …

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Relativity Space raises $500 million as its sets sights on the industrialization of Mars

3D-printed rocket startup Relativity Space has closed $500 million in Series D funding (making official the earlier reported raise), the company announced today. This funding was led by Tiger Global Management, and included participation by a host of new investors including Fidelity Management & Research Company, Baillie Gifford, Iconiq Capital, General Catalist and more. This brings the company’s total raised so far to nearly $700 million, as the startup is poised to launch its first ever fully 3D-printed orbital rocket next year.

LA-based Relativity had a big 2020, completing work on a new 120,000 square-foot manufacturing facility in Long Beach. Its rocket construction technology, which is grounded in its development and use of the largest metal 3D printers in existence, suffered relatively few setbacks due to COVID-19-related shutdowns and work stoppages since it involves relatively few actual people on the factory floor managing the 3D printing process, which is handled in large part by autonomous robotic systems and software developed by the company.

Relativity also locked in a first official contract from the U.S. government this year, to launch a new experimental cryogenic fluid management system on behalf of client Lockheed Martin, as part of NASA’s suite of Tipping Point contracts to fund the development of new technologies for space exploration. It also put into service its third-generation Stargate 3D metal printers – the largest on Earth, as mentioned.

The company’s ambitions are big, so this new large funding round should provide it with fuel to grow even more aggressively in 2021. It’s got new planned initiatives underway, both terrestrial and space-related, but CEO and founder Tim Ellis specifically referred to Mars and sustainable operations on the red planet as one possible application of Relativity’s tech down the road.

In prior conversations, Ellis has alluded to the potential for Relativity’s printers when applied to other large-scale metal manufacturing – noting that the cost curve as it stands makes most sense for rocketry, but could apply to other industries easily as the technology matures. Whether on Mars or on Earth, large-scale 3D printing definitely has a promising future, and it looks like Relativity is well-positioned to take advantage.

We’ll be talking to Ellis at our forthcoming TC Sessions: Space event, so we’ll ask him more about this round and his company’s aspirations live there, too.

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Provizio closes $6.2M seed round for its car safety platform using sensors and AI

Provizio, a combination hardware and software startup with technology to improve car safety, has closed a seed investment round of $6.2million. Investors include Bobby Hambrick (the founder of Autonomous Stuff); the founders of Movidius; the European Innovation Council (EIC); ACT Venture Capital.

The startup has a “five-dimensional” sensory platform that — it says — perceives, predicts and prevents car accidents in real time and beyond the line-of-sight. Its “Accident Prevention Technology Platform” combines proprietary vision sensors, machine learning and radar with ultra-long range and foresight capabilities to prevent collisions at high speed and in all weather conditions, says the company. The Provizio team is made up of experts in robotics, AI and vision and radar sensor development.

Barry Lunn, CEO of Provizio said: “One point three five road deaths to zero drives everything we do at Provizio. We have put together an incredible team that is growing daily. AI is the future of automotive accident prevention and Provizio 5D radars with AI on-the-edge are the first step towards that goal.”

Also involved in Provizio is Dr. Scott Thayer and Prof. Jeff Mishler, formally of Carnegie Mellon robotics, famous for developing early autonomous technologies for Google / Waymo, Argo, Aurora and Uber.

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Tesla has increased the price of its ‘Full Self-Driving’ option to $10,000

Tesla has made good on founder and CEO Elon Musk’s promise to boost the price of its “Full Self-Driving” (FSD) software upgrade option, increasing it to $10,000 following the start of the staged rollout of a beta version of the software update last week. This boosts the price of the package $2,000 from its price before today, and it has steadily increased since last May.

The FSD option has been available as an optional add-on to complement Tesla’s Autopilot driver assistance technology, even though the features themselves haven’t been available to Tesla owners before the launch of the beta this month. Even still, it’s only in limited beta, but this is the closest Musk and Tesla have come to actually launching something under the FSD moniker — after having teased a fully autonomous mode in production Teslas for years now.

Despite its name, FSD isn’t what most in the industry would define as full, Level 4 or Level 5, autonomy per the standards defined by SAE International and accepted by most working on self-driving. Musk has designed it as vehicles having the ability “to be autonomous but requiring supervision and intervention at times,” whereas Levels 4 and 5 (often considered “true self-driving”) under SAE standards require no driver intervention.

Still, the technology does appear impressive in some ways according to early user feedback — though testing any kind of self-driving software unsupervised via the general public does seem an incredibly risky move. Musk has said that we should see a wide rollout of the FSD tech beyond the beta before year’s end, so he definitely seems confident in its performance.

The price increase might be another sign of his and the company’s confidence. Musk has always maintained that users were getting a discount by handing money over early to Tesla in order to help it develop technology that would come later, so in many ways it makes sense that the price increase comes now. This also obviously helps Tesla boost margins, though it’s already riding high on earnings that beat both revenue and profit expectations from analysts.

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