- Michigan Technological University has landed a $4.5M grant from the Department of Energy for self-driving vehicle research and development. The research will be led by the university in partnership with General Motors, the American Center of Mobility, and Stellantis.
- Leawood, KS-based tech startup Torch.AI, which has developed AI software that can quickly analyze large amounts of data, has raised $30 million in a funding round.
High Alpha Capital, an Indy firm that is one of the largest software VC firms in the Midwest, has closed on its new $110 million fund, which will be used to fuel the next generation of enterprise cloud companies.
- Self-driving robot delivery startup Refraction AI has raised $4.2 million in seed funding led by Pillar VC. The fund will be used for customer acquisition, product development, and geographic expansion.
- Disruptel, a St. Louis-based startup, has raised $1.1 million in seed funding to build a voice assistant that can provide detailed information about what’s happening on your TV screen.