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The Future of Space Stations - Massive $125M Contract Secured by Gravitics
Gravitics’ modules are set to redefine the future of space living.
KillerStartups
July 15, 2024
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Featured Startups
KillerStartups’ Mission is to help entrepreneurs achieve the next big thing. Our role is to connect you with founders you can help, and founders who can help you!
When we featured Uber in 2010, Founder Travis Kalanick might have still been your driver.
Uber raised their first $1.6MM three months after we featured them. $4.9B later, we are still proud to have discovered them.
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30-Second News Picks
Our 30-Second Summary:
Israeli AI start-up Nagish recently secured $11 million in Series A funding from investors like Canaan Partners and K5 Global.
This capital infusion will fuel innovations in Nagish’s AI technology and scale its team and product offerings.
Investor confidence is evident from the participation of venture firms and tech founders.
The funds will be used to advance AI algorithms, enhance customer service, and expand market penetration.
This milestone affirms Nagish's place in Israel’s thriving tech scene and highlights global fascination with AI.
Nagish aims to leverage its $16 million total funds for augmented communication solutions for over a billion individuals with hearing and speech challenges.
The capital boost aims to create advanced technology to remove communication barriers.
Nagish has revolutionized traditional relay services with real-time, automated transcription.
US giants like Comcast and Amazon use Nagish’s services, and the FCC has sanctioned its automatic translation.
Tech giants like Microsoft and Pfizer have embedded Nagish's technologies for improved communication.
CEO Tomer Aharoni envisions substantial growth, with a potential US market worth $2 billion.
Nagish also targets expansion in Canada, Japan, and Australia.
Founded by Columbia University graduates, the firm developed in response to increased demand during the COVID-19 pandemic.
Its success points to a promising future in bridging global communication gaps.
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Our 30-Second Summary:
Washington-based startup Gravitics lands a $125 million contract with Axiom Space for space station construction.
This contract positions Gravitics as a leading contributor in the private space industry.
Gravitics aims to create modules with the 'largest interior volume in a standalone spacecraft.' The partnership with Axiom reinforces their footing in the orbital dwellings market.
As NASA considers retiring the ISS, Gravitics stakes its claim in private space station construction.
Gravitics continues to showcase its engineering prowess and collaborative spirit. Founded in 2021, Gravitics views this as their most crucial project.
The company has raised $20 million in venture capital for advanced technology and hiring.
Employing 50 team members near Seattle, Gravitics focuses on modular space station integration.
Gravitics is committed to pioneering eco-friendly aerospace approaches. They create modules from 3 to 8 meters in diameter, catering to various space operations.
This contract marks a significant step for Gravitics and the commercial space sector.
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Our 30-Second Summary:
AI tech firm Hebbia has secured $130M in funding, raising its valuation to $700M.
Led by Andreessen Horowitz, the round included Index Ventures, Google Ventures, and Peter Thiel.
The funding reflects an annual recurring revenue multiplier of 50x.
It signifies investor confidence in startups with solid revenue structures and early profitability.
Founded by Stanford PhD holder George Sivulka, Hebbia boasts an ARR of $13 million.
The company was profitable before seeking investment, with revenue increasing fifteenfold in 18 months.
Initially an AI-based note-taking tool, Hebbia now offers a comprehensive AI analyst called Matrix.
About 30% of asset managers use Hebbia’s software for due diligence and asset valuation.
The company plans to diversify its clientele to include law firms and pharma industries.
Funding will also be used to grow its team and extend financial services.
Hebbia collaborates with firms like Centerview Partners, Charlesbank, and law corporation Fenwick.
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Notes From KillerStartups Staff 👀
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