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Industry
SpaceX alumni startup Terrafirma raises $115 million for remote construction equipment
Terrafirma, a construction technology startup founded by former SpaceX engineers, has raised $115 million, CNBC reported. Investors include Kleiner Perkins, Bain Capital Ventures, SpaceX, Anduril and Hadrian. The Austin, Texas-based company is developing technology to remotely operate construction equipment using interfaces including an Xbox controller. It says the technology reduces costs and improves safety, and its long-term goal is building infrastructure on Mars.
Industry
Silicon Valley investors back wheeled robots over humanoids amid skepticism
Although enthusiasm for humanoid robots is spreading, skepticism about human-shaped designs is growing among some Silicon Valley investors. They argue that robots tailored to specific tasks are more efficient in industrial settings and that humanoids can be more about demonstrations than practicality. Funding is moving to wheeled general-purpose robots and industrial automation. Supporters counter that successful humanoids could target manufacturing, logistics, services and homes, and investment in the sector is rising sharply.
AI & Enterprise
Dream raises $260 million to expand national cyber defense platform
Israeli cybersecurity startup Dream has raised $260 million, SecurityWeek reported on June 18. The funding values Dream at $3 billion and lifts its total funding to more than $410 million. The round was co-led by Baysicle Capital and Group 11, with participation from Antler, Bain Capital Ventures and True Arrow Partners. Dream plans to use the funds to expand its platform across Europe, the Middle East, Asia and the Americas.
