The Funding Box provides information on venture capital/private equity and startup funding. Here\’s a list of top startup funding stories.
German startup receives funding
Silexica GmbH, a Software-for-multicore tool developer, has received a huge boost this week. The German company has raised $18 million in its latest Series B funding. The company plans to use the funds to address autonomous vehicles.
The Cologne-based company has been developing the SLX programming tools since its launch in 2014. The company provides software development tools that enable developers and electronic device manufacturers to effectively deploy multicore processors.
EQT Ventures, the venture capital arm of the Swedish company EQT Partners, has participated and led this latest funding round. The funding round also includes some participation from existing investors, which include Paua Ventures, DSA Invest, Seed Fonds Aachen, and Merus Capital. The company has already raised $26 million in total funding.
According to Silexica CEO Maximilian Odendahl, the newly raised funds would be used to create a vendor-agnostic, multi-application simulation platform, which will be used to aid the optimization and integration of software provided for complex systems.
Founded in 2014 and based in Cologne, Germany, Silexica GmbH provides software development tools used to improve the performance and utilization of automated multicore programming. The company’s customers include Fujitsu, Huawei, and Denso.
Dutch semiconductor firm raises fresh capital
SemiBlocks, a Dutch-based semiconductor company, has received big help this week. The Dutch firm has raised €3m from BOM Brabant Ventures and some major strategic partner in the United States. The newly received capital will be used to develop a new type of compensation for temperature variations to enhance the quality of communication technologies.
The SemiBlocks plans to be the first company to introduce a self-sensing measurement system enabling the use of low-cost materials while achieving higher accuracies. The Dutch firm plans to launch its first product for 4G/5G radio communications market as early as 2020.
|Image Credit: jarmoluk/Pixabay|
German mining process startup secures funding
Celonis, a German mining process startup, has also received funding this week. The German startup has raised $50 million in its latest funding round. Accel and 83North led this latest funding round. This brings the total amount of money raised by the startup to a whopping $77.5 million.
Founded in 2011 and based in Munich, Germany, Celonis is a leading global provider of enterprise-ready process mining technology, which is a kind of big data analytics aimed at visualizing and making sense of enterprise business processes.
Celonis claims that it has grown 5,000 percent over the past four years. It also claims that its presence in the US market has grown tenfold in the past year. In addition to the US market, Celonis has also a huge presence in the UK market. Its UK customers include Vodafone, AstraZeneca, and Transport for London.