Company and Portfolio News

Investment in construction automation is essential to rebuilding US infrastructure

One of the greatest problems facing the construction industry remains a lack of labor, making automation a necessity for moving forward with these ambitious projects.

Applications Matter More in AI Than Algorithms

Anyone who has watched the TV show “Silicon Valley” could tell you what makes a valuable startup: their algorithm. While “Silicon Valley” does actually sit in an uncanny valley of being all-too-familiar and true-to-reality to startup veterans, algorithms making or breaking a startup — even in AI/ML — is not very accurate anymore.

The Briefing: Astra Going Public Via SPAC, Uber To Acquire Drizly, Bumble Seeks $1B In IPO, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Path Robotics raises $56M Series B for automated welding

Columbus, Ohio-based firm Path Robotics today announced the completion of a $56 million Series B. The round, led by Addition (featuring Drive Capital, Basis Set, and Lemnos Lab) brings the robotic welding company’s total funding to $71 million.

Robotics safety system developer Fort Robotics raises $13M to tackle workplace automation

Fort Robotics, a startup developing a safety and security platform for robots, today announced it has raised $13 million in a funding round led by Prime Movers Lab. With the new investment, Fort says it will more than double the size of its workforce and expand its product offerings in “key markets.”

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