The South Korea-based startup has developed a new form of pet identification technology that scans cats’ and dogs’ faces.
Month: November 2023
As gen AI redraws the semiconductor sector, the US Chips Act steers the direction
The $53bn US incentive package has so far had less impact on the semiconductor industry than expected. But as generative AI unleashes a wave of investment in new types of chipmakers, the act will influence where the money goes.
Truist Ventures invests in fund for startups with diverse teams
The corporate venture capital unit will invest in a fund run by Mendoza Ventures, a VC firm focused on fintech, AI and cybersecurity.
Transport and energy lead the way in October 2023
Deal count was up in energy and transportation among an overall decline in corporate-backed venture funding.
Posco Group launches $59m CVC
The South Korea-based steel mill owner plans to launch a new corporate venture unit to explore investment opportunities in the steel, battery, food and energy sectors
Tekfen tackles the undigitised industries with CVC arm
Construction, agriculture, manufacturing and real estate may feel like an unlikely combination, but Tekfen Ventures president Sinan Uzan explains why its $65m fund is targeting these ‘foundational industries’.
IBM introduces $500m AI venture fund
IBM Enterprise AI Venture Fund will support the corporate’s Watsonx platform as it looks to target the ‘enormous potential of the AI revolution’.
Angie Grimm leaves IBM Ventures
A 20+ year IBM veteran — and head of the corporate investment fund since 2019 — Grimm departs just as IBM announces a new AI fund.
27 women in CVC in the US South and Midwest
CVCs based in the southern and midwestern US often getting overlooked. Here is the list of women dominating corporate venture capital in this region.
Towing’s soil technology supports farmers moving towards sustainable agriculture
The Japanese university spinout has developed a crop cultivation system to enable more sustainable farming practices.
We’re not making the most of captured carbon — incorporating it into plastics may be an answer
Not only are we not capturing enough carbon but we are not making the most of what is collected. Using it in plastics production is an area we should explore further.
Gustofson departs AbbVie Ventures
John Gustofson has moved to the newly launched Chugai Venture Fund.
Azul Energy’s battery tech addresses hydrogen fuel cell supply constraints
The Japanese startup has created battery technology that replaces the need for rare earth metals in fuel cell vehicles.
CVC Unplugged: Why CVCs should report to a CFO
EnBW New Ventures managing director Crispin Leick talks about why CVCs should focus on financial performance and become limited partners in other funds.