Leaders of Consequence, Fundings: Fraym, Tempo, VulnCheck
30 November 2022 - A Weekly Publication by New North Ventures
As leaders of consequence, we are all living in a much more dynamic world, making critical decisions in the face of less information, less clarity of objective, and under more austere conditions.
Founded: 2015
Key People: Co-founded by Benjamin Leo, Robert Morello, Queen Nworisara-Quinn, and Bobby Pittman
Elevator Pitch: Operator of a geospatial data platform designed to provide customizable geography data.
Funding: The company raised $9.72 million of Series B venture funding from TPG, Kupanda Capital, and other undisclosed investors on November 23, 2022.
Founded: 2013
Key People: Co-founded by Jeffrey McAlvay, Katherine Scott, Jesse Koenig, and Shashank Samala.
Elevator Pitch: Software-accelerated electronics manufacturer that uses an automated manufacturing platform to optimize the process of printed circuit board manufacturing.
Funding: The company received $100 million of development capital from ACE Convergence Acquisition, Ace Equity Partners, Structural Capital, SQN Venture Partners, Firsthand Technology Value Fund BDC, Point72 Ventures, Lux Capital, and White Lion Capital on November 21, 2022.
Founded: 2021
Key People: Founded by Anthony Bettini
Elevator Pitch: Cyber threat intelligence platform using vulnerability intelligence to predict avenues of attack with speed and accuracy that prioritizes vulnerabilities that matter based on the threat landscape.
Funding: The company raised an undisclosed amount of venture funding from Sorenson Capital, Lux Capital and Aviso Ventures in November 2022. In-Q-Tel also participated in the round.
US FCC bans sales, import of Chinese tech from Huawei, ZTE
The U.S. is banning the sale of Chinese made Huawei and ZTE communications equipment and restricting the use of some video surveillance systems, citing an “unacceptable risk” to national security.
The FCC voted unanimously on blocking the importation of Chinese technology products that pose national security risks.
“Our unanimous decision represents the first time in FCC history that we have voted to prohibit the authorization of new equipment based on national security concerns.” Brendan Carr
China plans to build a nuclear-powered base on the moon by 2028
China plans to build its first base on the moon by 2028, with plans to have it powered by nuclear energy.
NASA has a rover on the Red Planet and is seeking to return astronauts to the moon this decade for the first time since the Apollo program ended in the 1970s.
Both the U.S. and China are targeting the South Pole of the moon which is supposed to be the area most likely to have water.
Look for a new episode of Securing the Future Podcasts wherever you listen. In our latest episode we have guest Laura Thomas of ColdQuanta, sit down with General Partner Brett Davis for an engaging conversation on the future of quantum and national security. Listen below on Spotify.
