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Securing Our Future - War in the Atmosphere and Climate Threats
28 September 2022 - A Weekly Publication by New North Ventures
Venture Partner Susan Kilrain is providing opening remarks at the NSIN Propel Demo Day on the importance of continued innovation and investment in emerging technologies in the interest of national security.
The Cipher Brief Threat Conference is rapidly approaching (Oct. 9-11). New North Ventures is proud to be a sponsor and have our founding partners speak at the event.
Elevator Pitch: Developer of hyperspectral satellites designed to capture geospatial data of every location on the planet.
Funding: The company raised $27.65 million of Series A2 venture funding in a deal led by Radical Ventures on September 22, 2022.
Key People: Founded by Connor Glass, MD
Elevator Pitch: Developer of technology system created for lifelike control of robotic orthopedic technologies such as prosthetic limbs and exoskeletons.
Funding: The company raised $6 million through Seed-1 and Seed-2 funding in a deal led by Time BioVentures on September 12, 2022, putting the company's pre-money valuation at $14 million. LionBird, Draper Associates, Breakout Ventures, and Risk & Return also participated in the round.
Elevator Pitch: The company is building a sustainable supply chain of lithium for the energy transition leveraging expertise in deep learning and image processing, enabling industries to use sustainable materials for the energy transition.
Funding: The company closed on $135,000 of $500,00 amount of venture funding from undisclosed investors as of September 23, 2022.
Federal cybersecurity grant will funnel $1bn into state and local governments as part of Biden’s $1.2 trillion infrastructure spending deal.
Specific use of funding in states will vary among cyber resilience concerns including water systems, electrical grids, aviation, and protection against ransomware attacks.
Fires, droughts, floods, and other extreme weather events are affecting militaries all over the world. Little has been done to ensure forces are prepared to meet these new challenges which brings security and defense into question.
Actions done to prevent future catastrophic events are important, but investments and adaptations are necessary to become resilient to climate stress to maintain mission readiness.
“In 2019, less than 3% of all VC investment went to women-led companies”
A disparity in VC leadership teams has historically lead to investment decisions that exclude women and people of color.
Leveraging networks and communities around supporting women founders can help increase access to funding.