FUELING THE FUTURE: Path Robotics raises $56M; $500M in state appropriations in Indiana
- Columbus, OH-based Path Robotics has raised $56M Series B funding to further develop its robotic welding. The round was led by Addition (featuring Drive Capital, Basis Set and Lemnos Lab).
- With the sale of a Cleveland-based company, Pittsburgh’s Incline Equity Partners marks the fifth exit so far this year and the biggest spate of divestitures in the shortest time frame since Incline launched in 2011.
- Cary, NC-based Verdesian Life Sciences announced its acquisition of Cytozyme Laboratories Inc., which is based in Salt Lake City. Verdesian’s business is focused on products that allow plants to better absorb more nutrients, such as fertilizer enhancers and seed treatments,. This, in turn allows growers to have better yields on their crops.
- Researchers at Southern Illinois University Edwardsville have received seed money to support its projects for developing robotic technologies tailored in specialty crop production.
- Indiana Governor Eric J. Holcomb announced the launch of the Indiana Regional Economic Acceleration and Development Initiative (READI), an initiative that will dedicate $500 million in state appropriations to promote strategic investments.