Foxglove raises $40 million Series B to advance Physical AI
The US company will use the fresh funding to deepen its capabilities in visualization and data management, and to expand its platform to support the entire data lifecycle from initial prototype to global deployments.
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Samsung Electronics appoints TM Roh as co-CEO
Roh will continue to oversee the company’s mobile business as Head of Mobile eXperience (MX) Business, while Young Hyun Jun will remain Head of Memory Business.
Fabric8Labs secures $50M to expand US manufacturing capacity
Fabric8Labs, a developer of Electrochemical Additive Manufacturing (ECAM) technology, has secured USD 50 million in funding to expand its US-based production facilities, enabling the company to produce up to 22 million components annually.
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The missing link in semiconductor supply chain resilience
Indium Corporation strengthens critical materials supply chain amid rising geopolitical pressures.
Norway signs $100M deal with Kongsberg to bolster air defence
The National Advanced Surface-to-Air Missile System (NASAMS) batteries will be equipped with new command posts, wheeled communication nodes and radios. Today’s MRR radios will be replaced with Kongsberg’s THOR Combat Net Radio, with higher capacity and more functions.
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Mining bridge collapse in southeastern Congo leaves at least 32 dead
At least 32 people have died following the collapse of a bridge at a mining site in southeastern Congo, according to regional authorities. The incident, reported by AP News, occurred in the resource-rich Katanga region, where thousands rely on small-scale and industrial mining for their livelihoods.
French small satellite maker U-Space raises €24 million
Following its recent commercial success with the United Arab Emirates’ National Space Science and Technology Center (NSSTC), U-Space is now turning to global markets, particularly Asia-Pacific and the Middle East.
Amprius launches Korea Battery Alliance to expand global footprint
Amprius Technologies is building on its existing technical and manufacturing base in South Korea by collaborating with leading companies across the country’s lithium-ion battery supply chain.
India’s Syrma SGS to acquire majority stake in Elcome
This strategic move supports Syrma SGS’s long-term roadmap to build a robust defence electronics platform and strengthen its presence in high-value technology domains. Syrma is also set to invest USD 180 million in setting up a facility in Andhra Pradesh.
BTRY raises $5.7M to industrialize ultra-thin solid-state cells
The Swiss battery start-up will use the funds to scale production to industrial roll-to-roll manufacturing, transforming its thin-film batteries into market-ready products.
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