• Six ex-OneWeb engineers raise $2.5M for Quindar to revolutionize satellite mission management

    3 days ago - By TechCrunch

    It's never been cheaper to send a spacecraft to orbit, but many companies are hamstrung by the complex and expensive demands of satellite mission management. Quindar wants to change that. The company, which just closed $2.5 million in seed funding, has built a web app for end-to-end satellite operations that it says will enable its customers to get to orbit - and market - faster.
    Quindar's six cofounders met while working at British satcom company OneWeb, where they helped develop its satellite operations platform. There, they saw what Quindar CEO Nate Hamet referred to as “red flags”...
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  • Forward Networks raises $50M for digital twin technology to help model, manage and secure complex enterprise networks

    Forward Networks raises $50M for digital twin technology to help model, manage and secure complex enterprise networks

    3 days ago - By TechCrunch

    Digital twins - virtual representations of actual systems - have become an important component in how engineers and analysts build, visualize and operate AI projects, network security, and other complicated architectures that might have a number of components working in tandem. Today, a startup called Forward Networks - which has built digital twin modeling software geared specifically at helping to operate and maintain enterprise networks - is announcing some funding on the heels of strong growth.
    The company has raised $50 million, a Series D that it will be using to continue investing...
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  • Komprise raises $37M to help companies index, manage and transform data

    3 days ago - By TechCrunch

    In the enterprise, there's been an explosive growth of data - think documents, videos, audio files, posts on social media and even emails. According to a Matillion and IDG survey, data volumes are growing by 63% per month in some organizations - and data's coming from an increasing number of places. The same survey found the average number of data sources per organization is now 400 sources, and that more than 20% of companies surveyed were drawing from 1,000 or more data sources to feed their business intelligence and analytics systems.
    Much of the aforementioned data is unstructured...
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  • Memfault raises $24M to help companies manage their growing IoT device fleets

    Memfault raises $24M to help companies manage their growing IoT device fleets

    3 days ago - By TechCrunch

    At the same time internet of things devices and embedded software are becoming more complex, manufacturers are looking for ways to effectively manage the increasing volume of edge hardware. According to Statista, the number of consumer edge-enabled IoT devices is forecast to grow to almost 6.5 billion by 2030, up from 4 billion in 2020.
    Capitalizing on the trends, Memfault , a platform that allows IoT device manufacturers to find issues in their edge products over the cloud, has closed a $24 million Series B funding round led by Stripes with participation from the 5G Open Innovation Lab...
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