Fueling the Future: cash and grants for robotics, esports, cybersecurity, and more.
October 1, 2020
Robotic surgical tech developer iotaMotion, based in Iowa City, was recently awarded a $1.65 million grant from the National Institutes of Health. The company, which is developing a robotic system for improving cochlear implant surgery, also received the Iowa Biosciences Medtech Award, a $20,000 prize.
Digital marketing startup Wisdom Gaming Group has closed a $3 million Series A round, led by Excelsior Ventures Fund. The company, headquartered in Minneapolis, creates content for esports fans.
TCARE, a “federally accredited family caregiver support platform” based in St. Louis, has landed a $3 million financing round. The round was led by SixThirty Ventures, with participation by Aflac Ventures, BlueCross BlueShield MN, Blu Ventures, Village Capital, Connetic Ventures, and gener8tor fund.
Open Broadband, a wireless internet service provider located in North Carolina, has received backing from 12 investors to help support its efforts to bring broadband to underserved communities in the state. All told, the investment adds up to $500,000 in equity, with each participant investing at least $5,000.
AaDya has just closed a $2.7 million funding round, making it the third Metro Detroit cybersecurity firm to announce multimillion-dollar investments. The other two are Ann Arbor’s Censys ($15.5 million) and Blumira ($2.6 million).
Indy’s Sharpen Technologies has secured $12 million in capital growth funding, raising its total investment to more than $40 million. The company has seen a growth rate of 137% over the past three years, which landed it on the 2020 Inc. 5000 list of fastest-growing private companies in the country.
