Top-tier VC invests $10M in SaNOtize + VW strikes $4B deal with Innoviz

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  • Top investment opportunities
  • Startup of the Week: SaNOtize, Top-tier VC invests $10M
  • Volkswagen signs $4B supply deal with Innoviz
  • Cellium launches EdgeAir indoor wireless system
  • C2A Security releases cybersecurity platform for EV ecosystem
  • Meet the startups at Labs/02
  • Mayo Clinic, StageOne join Diagnostic Robotics' $45M Series B
  • FAA greenlights Flytrex delivery to 100K customers
  • Washington State licenses Alpha Tau's cancer treatment
  • Moodify's White Scent technology eliminates pet odor
  • Introductions
  • More than 2,900 high-tech jobs

Startup of the Week
SaNOtize: Top-tier VC invests $10M
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A leading international VC firm is throwing its support behind SaNOtize's virus-killing spray, joining the company's Series B round with a $10M investment. Clinical trials around the world have shown SaNOtize's nitric oxide-based spray to be safe and highly effective in early treatment of patients with coronavirus. It's now sold in 10 countries, registered as a Class I medical device in the EU, and has ongoing approval procedures in other jurisdictions. The Lancet Regional Health Southeast Asia published successful Phase 3 clinical trial results that showed a 3-day median time to a negative PCR test for adult Covid-19 patients using the spray, vs. 7 days in the placebo group. SaNOtize has also been granted regulatory approval in India along with Indian partner Glenmark Pharmaceuticals. OurCrowd has secured an additional $1M allocation in this $25M round, only available until August 12th.

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Volkswagen signs $4B supply deal with Innoviz

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Volkswagen signed a $4B deal with our portfolio company Innoviz (NASDAQ: INVZ) to buy LiDAR sensors and perception software, TechCrunch reports. The components will be used on all Volkswagen group vehicles with automated driving capabilities. Innoviz will work directly with CARIAD, VW's automotive software company, to integrate Innoviz's technology into upcoming VW vehicles. "We are thrilled to work with the CARIAD team and be a supplier of LiDAR sensors and perception software to support safe mobility for vehicles launching from the middle of the decade," says Omer Keilaf, CEO and Co-founder of Innoviz. "CARIAD is a leading player in the transformation of the whole automotive space. We are proud to be part of their mission." This is Innoviz's third design win with a major automaker, and its first deal as a Tier-1 supplier.

 

Cellium launches EdgeAir indoor wireless system

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Affordable indoor wireless connectivity took another big step forward as our portfolio company Cellium launched its patented EdgeAir system. The platform's unique active antenna system is a technology-agnostic solution that provides superior, low-cost wireless performance for indoor LTE and 5G networks. Indoor coverage for these networks is a must-solve problem. "With the global adoption of 5G moving at a rapid pace, the question still remains on how to solve the inbuilding penetration conundrum and how to provide cost-effective, high-throughput indoor wireless connectivity," says Dror Jerushalmi, Cellium's CEO. "Cellium is well positioned to tackle these challenges with the launch of its groundbreaking EdgeAir active antenna system, which is suitable for both mobile operators and private enterprise customers." Cellium is currently funding.

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C2A Security releases cybersecurity platform for EV ecosystem

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While electric vehicle (EV) charging networks are an exciting development, they open a new cybersecurity vulnerability. C2A Security released its EVSec management system which automates cybersecurity for the EV ecosystem, including the vehicle, charging station, grid and communications protocol. The centralized platform is also automated, creating transparency and collaboration for and between clients. "Electric vehicles and the charging infrastructure present cybersecurity challenges to OEMs, suppliers, charging station operators and many other stakeholders in this vast ecosystem," says Roy Fridman, CEO at C2A Security. "Only through a centralized, automated and managed security approach can players in the ecosystem share security information, understand risk and mitigate new vulnerabilities." C2A Security is currently partnered with one of the biggest energy companies in the world, which is currently deploying EV charging stations across Asia. C2A Security is currently funding on the OurCrowd platform.

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Meet the startups at Labs/02

In July, OurCrowd's early-stage fund and incubator Labs/02 hosted a startup showcase with CEOs from seven early-stage startups across a range of sectors discussing their company's technology, business model and value proposition for investors. The event led to a flurry of new introductions that could help these companies flourish. OurCrowd investors are invited to check out these young startups and take an active part in their development.

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Take a Look at Funding Opportunities

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Revolutionizing drug discovery by applying the latest innovations in cloud, quantum computing, artificial intelligence, and machine learning.

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Top Investment Opportunities

IQM: World Fund leads $128M investment in quantum computing

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The oversubscribed $128M round in IQM led by World Fund "demonstrates the confidence in our business model and the continued trust in our team's ability to build the future of quantum technologies," Co-founder and CEO Jan Goetz tells SiliconANGLE. "I am confident that we will continue to achieve all our product and business milestones and deliver world-class quantum computers to our customers," he adds. IQM, based in Finland, is the only company in Europe currently selling and delivering operational quantum computers. World Fund says it hopes they can help tackle the complex challenges of climate change. This opportunity remains open for a limited period to OurCrowd investors.

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Ripple: Superior dairy alternative

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With health and climate concerns growing over the dairy industry, more people are looking for alternatives to their milk, shakes and ice cream than ever before. Ripple's exclusive and proprietary yellow pea protein isolate not only has the look, feel and taste of milk products, it also has 3 times the protein, lower fat and sugar than typical oat milks, and 8 times the protein of almond milk. Ripple products are available from nearly 20,000 retail stores across the US including branches of Target, Whole Foods and Walmart. Despite supply-chain disruptions during the Covid-19 pandemic, the company's sales grew several times faster than the industry average across all categories. OurCrowd has secured a $5M allocation in the company's new funding round.

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Top Tech News

Mayo Clinic, StageOne join Diagnostic Robotics' $45M Series B

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Our portfolio company Diagnostic Robotics completed a $45M Series B round for its AI technology that assists medical care management decisions. The round was led by StageOne Ventures, with participation from Mayo Clinic and the Technion-Israel Institute of Technology. The company's platform leverages AI to predict patient risk, improving outcomes and care path. It focuses primarily on avoidable emergency room visits, prevention of congestive heart failure deterioration, and addressing serious mental illness. The company is engineering additional AI models to expand its product offering.

 

FAA greenlights Flytrex delivery to 100K customers

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More residents in North Carolina and Texas will be able to get drone deliveries in three minutes, courtesy of our portfolio company Flytrex. The FAA granted approval for Flytrex to expand its delivery radius from one to two nautical miles from the bases it operates in the two states, Forbes reports. The approval expands its potential customer base from 40K to 100K. Flytrex has been operating in suburban areas in Granbury, Texas, near Dallas-Fort Worth, and in three regions of North Carolina, delivering food and goods via drone.

 

Washington State licenses Alpha Tau's cancer treatment
Washington State has authorized the use of Alpha Tau's (NASDAQ: DRTS) groundbreaking treatment for cancerous tumors. Two medical facilities in the state are currently conducting clinical trials with the company's Alpha DaRT treatment in skin cancer procedures, injecting a tumor with a metal "seed" that uses tiny particles of radium to try to break down or shrink it. "This is another promising weapon in the fight against cancer," says Dr. Tristan Hay of Washington State's Department of Health.

 

Moodify's White Scent technology eliminates pet odor

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Cat owners looking for an effective yet discreet way to get rid of the bad smell that comes with housing their feline friends can turn to our portfolio company Moodify. Its patented 'White Scent' technology is incorporated in special pendants that can be hung above or near a litter tray, Metro UK reports. Part of the company's Moodify Pet product line, the pendants contain a compound of fragrances that cancels out surrounding smells, without the need for overbearing air fresheners that merely mask them.

Introductions

Your portfolio gets stronger when the OurCrowd network gets involved. Visit our Introductions page to see which of our companies are looking for connections that you may be able to help with.

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Jon Medved
CEO, OurCrowd

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