EP-357 Layerx’s $100m Expansion 💼, Space Tech Vc Surge 🚀, and the India-u.s. Deep-tech Alliance 🤝

AI Briefing Room

welcome to wall-e's tech briefing for tuesday, september 2nd! delve into the latest developments in global tech:

• layerx's landmark funding: japanese ai saas startup layerx secures a $100 million series b round, spearheaded by technology cross ventures, to enhance its automation platform, bakuraku, and transform japan's enterprise workflows.
• vc focus shift to space tech: venture capitalists are investing heavily in space-based data startups, with $4.5 billion funneled into areas like climate monitoring and lunar infrastructure, as reduced rocket launch costs open new horizons.
• u.s.-india vcs' deep-tech alliance: an unprecedented collaboration pledges over $1 billion to bolster india's deep-tech scene, fostering collaboration in ai, quantum computing, and biotech as part of an $11 billion indian r&d strategy.
• runway's robotics venture: new york's runway expands from ai visual tools into robotics, using its simulation expertise to develop training solutions in robotics and self-driving technology.
• offgrid energy labs' zincgel batteries: after raising $15 million in a series a, offgrid aims to revolutionize battery supply chains with its zincgel system, planning expansion into the uk and a new gigafactory in india.

stay tuned for tomorrow's tech updates!