What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants and everything in between. Got something to celebrate? Click here to share your story.
PITTSBURGH, PA—Agot AI has raised $12 million to develop and build computer vision tech for food services. Its product can confirm order accuracy in real time and notify employees if an order needs correction. Investors include Conti Ventures, the Kitchen Fund, Grit Ventures, and Yum! Brands.
EDEN PRAIRIE, MN–Compute North, a company that provides sustainable infrastructure for cryptocurrency mining, has closed a $385 million round that includes a Series C fundraiser and debt financing. The round was co-led by Mercuria and Generate Capital.
INDIANAPOLIS, IN—Woven, a company that has developed an interview platform for software companies to hire engineers, has closed on an $8 million Series A round of funding. Woven’s platform allows engineers to complete assessments of their skills rather than simply relying on their resumes, which the company says helps employers find the right candidates to fill their needs.
INDIANA—San Francisco-based Anchorage Digital, a regulated digital asset platform, announced plans to establish operations in central Indiana. The company plans to invest significant capital to hire top talent in Indiana, allowing the company to expand its technology and services to the Midwest.
COVINGTON, KY—Investment and advisory firm EGateway Capital is planning to raise a $100 million fund, according to a filing with the U.S. Securities and Exchange Commission. The fund would be the firm’s second since its launch in early 2021. EGateway invested $20 million in three startups over the last year.
PITTSBURGH, PA—Innovation Works presented the latest additions to its investment portfolio. In total, Innovation Works announced seven new companies developing products or services across robotics hardware, surgical devices, manufacturing materials and more.