Innovation Endeavors
Consultancy : Company : Venture Capital
Innovation Endeavors is an early‑stage venture firm investing in the Super Evolution — a non‑linear approach to innovation that drives generational change in order to solve problems that matter.
Assembly Line
Mining technology startup Plotlogic Announces $18M Series A
Deep-tech mining startup Plotlogic, whose mission is to improve mining to make it more sustainable, today announced it has raised an $18 million Series A led by Innovation Endeavors. The round included participation from DCVC, which led Plotlogic’s Seed round. Baidu Ventures and GRIDS Capital reinvested, and new investor Bentley iTwin Ventures also participated. The company plans to use the capital to invest in additional research and development, bolster commercialization, and support Plotlogic’s proprietary OreSense® Technology.
Plotlogic’s first commercial product combines LiDAR, hyperspectral imaging technology and advanced machine learning algorithms to produce real time ore characterization and enhance environmental performance.
Citrine Informatics Raises $16M in Series C Financing
Citrine Informatics, the leading provider of artificial intelligence software for materials, chemicals, and manufactured product development, announced the successful close of a $16 million Series C funding round. The round was led by Prelude Ventures and Innovation Endeavors, with participation from Drive Catalyst (Far Eastern Group), Alumni Ventures, ISAI Cap Venture, Presidio Ventures, and others.
This latest round of funding will be used to further accelerate the growth and development of Citrine’s AI-driven materials and chemical design platform, which is already in use by leading companies across materials, chemicals, formulated products, and manufacturing industries to improve the efficiency and effectiveness of their product development processes.
Machina Labs Exits from Stealth with Series A, Bringing Total Raised to $16.3 Million
Machina Labs, a pioneer in advanced manufacturing through robotics and artificial intelligence (AI), today emerged from stealth and announced it has closed a Series A round of financing, bringing the total raised to $16.3 million. Innovation Endeavors led the round with participation from Congruent Ventures and Embark Ventures. The funds will be used to significantly grow Machina’s team in Los Angeles and to expand its R&D and manufacturing capacity to meet rapidly increasing customer demand.
“Manufacturing must be reinvented to keep up with the pace of change in this highly competitive market,” said Edward Mehr, Machina Labs CEO and co-founder. “We’re excited to finally reveal Machina Labs’ manufacturing platform, which combines the latest advances in robotics and AI to democratize access to rapid manufacturing so that anyone with a great idea can manufacture parts quickly, efficiently and cost-effectively. These software-defined, robotic facilities are the factories of the future, and we’re thrilled to have our investors on board to help us get there.”