SDI Group Acquires PRP Optoelectronics for £9.3m
SDI Group plc announced the acquisition of PRP Optoelectronics Ltd for a total consideration of £11.3 million in cash, plus up to £0.9 million deferred, excluding £2.8 million of net cash. The deal adds micro‑LED and LED array capabilities to SDI’s Industrial & Scientific Sensors division, expanding its presence in the aerospace and defence markets.
Sendance Raises Convertible Loan From Garage Angels to Expand Wearable Sensor Platform
Sendance, a Linz‑based startup developing flexible sensor systems for medical wearables, announced a new convertible loan investment from Garage Angels. The funding will support further development of its sensor and data platform and accelerate adoption among manufacturers.
INLEAP Photonics Secures Pre‑Seed Funding Led by HTGF
German laser‑beam steering startup INLEAP Photonics announced the close of a pre‑seed round, raising an undisclosed amount. The round was led by High‑Tech Gründerfonds (HTGF) with participation from Ventis Capital and other private investors. The capital will be used to...
Zero Point Cryogenics Launches Its First Fundraising Round
Zero Point Cryogenics (ZPC), a Canadian maker of dilution refrigerators for quantum research, has announced the start of its first fundraising round. The round aims to fund the company's expansion and further development of quantum cryogenic technology. No amount or...
Honda Invests in Mythic to Co-Develop AI Chips for Software-Defined Vehicles
Honda announced a strategic investment in Texas‑based AI chip maker Mythic to jointly develop a system‑on‑chip for its software‑defined vehicles. The partnership aims to boost computing performance and energy efficiency for automated driving and other SDV functions. Deal terms were...