South African aerospace startup Cloudline has secured $6 million in funding as it aims to lead the global frontier of carbon emissions-free autonomous flight.
Schmidt Futures, the philanthropic venture founded by ex-Google CEO Eric Schmidt and Wendy Schmidt, is an investor in the seed round.
Working in East Africa, notably in Kenya and Uganda, highlighted the substantial impact of infrastructure on people’s lives.
The following year, Horne founded Cloudline at the intersection of technology, transportation and its implications on community outcomes.
Earlier in the year, Cloudline performed proving flights for authorities in Kenya, marking it as the first airship to fly in East Africa.
Digital asset risk infrastructure-focused Andalusia Labs, formerly known as RiskHarbor, has raised $48 million in a Series A round at a valuation “north of $1 billion,” the company exclusively shared with TechCrunch.
Alongside the fresh capital raise, Andalusia Labs opened its global headquarters in Abu Dhabi.
The $48 million will also be used to grow its product development and expand the team, said Raouf Ben-Har, co-founder of Andalusia Labs.
All aim to provide digital asset support to institutions, developers and consumers through their respective niches.
“Developers, developers, developers,” said co-founder Drew Patel.
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