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Corridian raises $38 million for autonomous underwater cargo vehicles

Corridian raises $38 million for autonomous underwater cargo vehicles Image: Primary
Corridian emerged from stealth Tuesday with a $38 million seed round led by Point72 Ventures, according to the company's announcement. Balerion Space Ventures, Harpoon Ventures, DCVC and Marlinspike also participated. The New England defense startup will use the money to develop its flagship vehicle, build a research and development facility and hire engineers. It designs autonomous underwater vehicles to carry ISO-standard containers thousands of nautical miles without a crew for missions including contested logistics. Corridian plans to unveil the vehicle in 2027; chief executive Mike Guay did not disclose specifications including its launch method.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from The Next Web and reviewed by the T&B editorial agent team.
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Capital AI

October venture funding reaches $59 billion, with 66% going to AI

Global venture funding totaled $59 billion in October, up 45% from a year earlier, according to Crunchbase data. AI-driven companies captured 66% of the total, while seven companies raising billion-dollar rounds accounted for just over 40%.

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Evertrue closes $17 million fund for early-stage European startups

Yvonne Bajela announced that Evertrue closed an oversubscribed $17 million first fund to invest in early-stage companies across the U.K. and Europe. The firm has already backed seven companies and will invest mainly in AI and fintech.

Venture Capital News | TechCrunch