Cellares is on a mission to bring cell therapies to more patients, faster. With a $380M worldwide capacity reservation and supply agreement with Bristol Myers Squibb — a global biopharmaceutical company — Cellares will allocate the production capacity of multiple Cell Shuttle™ and Cell Q™ systems across its IDMO Smart Factories in the U.S., EU, and Japan. The announcement comes four days after Cellares launched Cell Q™, the world’s first automated quality control work unit for cell therapy manufacturing. Cell Q™ is designed to handle 6,000 cell therapy batches per year, matching the throughput of the company’s Cell Shuttle platform, providing clients with end-to-end production.

The Mayo Clinic, a top-ranked U.S. hospital, announced a strategic partnership with Cerebras to develop multimodal large language models (LLMs) to improve patient outcomes and diagnoses. The collaboration will combine Mayo Clinic’s decades of de-identified clinical data with Cerebras’ generative AI capabilities in order to train models to complement physicians’ expertise.

Despite all of today’s technological innovations, the manufacturing industry still heavily relies on human labor, with robots making up only 1.41% of the global workforce. Armed with the belief that the $481B electronics manufacturing industry was ripe for transformation, Eclipse co-founded and built Bright Machines in 2018 with the mission to give machines human-like adaptability in electronics assembly. On the heels of announcing a partnership with Microsoft to deliver a full stack environment for all stages of the manufacturing life cycle — from product design to assembly to disassembly — the company announced its $126M Series C with equity investments from BlackRock, Microsoft, Nvidia, Eclipse, Jabil, and Shinhan Securities, and $20M in venture debt from J.P. Morgan to continue to execute on its mission to build the AI backbone.

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Founded in 2022, Nucleus RadioPharma has signed its first commercial partnership with clinical-stage radiopharma player ARTBIO. Under this deal, Nucleus will manufacture ARTBIO's Pb212-radiolabeled therapies and support the company's planned phase 1 and 2 clinical trials of its lead program in prostate cancer, AB001.

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Uber made a strategic investment into Wayve as an extension of Wayve’s previously announced $1.05B Series C. Through this partnership, the companies will work with automakers to integrate Wayve’s AI into consumer vehicles that will one day operate on Uber’s platform and ultimately, accelerate the future of autonomous mobility.

Industrial giant Bosch will collaborate with Tenstorrent to develop a platform for standardizing the building blocks of automotive chips. The plans include developing a standard method to use a building block of modern chips, called chiplets, to create systems that can power vehicles with significantly different needs. By combining different quantities and types of chiplets to form complete processors, the two companies aim to reduce costs and increase the speed of bringing new silicon products to the automotive industry.

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Reliable Robotics deepened its engagement with the U.S. Air Force to advance its uncrewed aircraft system (UAS) development under a new funding award. The $3.6M Tactical Funding Increase (TACFI) is an extension of Reliable's prior Small Business Innovation Research (SBIR) contracts through the Air Force's AFWERX division and will be used to perform additional flights for the military in a full UAS configuration, similar to Reliable's groundbreaking uncrewed flight last November. Eclipse matched this funding.

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Skyryse, the creator of SkyOS™, the world's first universal operating system for flight, signed a strategic partnership with Ace Aeronotics, LLC (“ACE”), a major reseller of Black Hawk helicopters around the world. This partnership will enable Skyryse and ACE to equip hundreds of Black Hawk helicopters with SkyOS, transforming the highly-capable Black Hawk into the world’s safest and simplest aircraft to fly.

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Since its inception in 2015, VulcanForms has enabled the world's critical industries — like aviation and space, energy, defense, medical device, and consumer electronics — to innovate, grow, and deliver sustainable impact. The company announced former Tesla and Redwood Materials executive, Kevin Kassekert, has been appointed CEO, and Jay Martin, former President of Globus Medical, has joined VulcanForms as President. This strategic shift in leadership comes at a time when the U.S. and the world recognize the urgent need for industrial technologies that integrate digital and physical approaches to manufacturing, and both Kassekert and Martin are well-versed in deploying complex technologies into entrenched industries.

As Ursa Major sets its sights on full-scale production, industry veteran Dan Jablonsky has been appointed as CEO to continue advancing the company’s work in space, hypersonics, and solid rocket motors. Highly experienced in leading and scaling companies in the aerospace and defense industry — like Maxar Technologies — for more than a decade, Dan will lead Ursa Major as it fulfills its mission to meet the strategic needs of the United States for leading edge propulsion.

In August, Cerebras announced Cerebras Inference, the fastest AI inference solution in the world. By providing Instant Inference for large models, Cerebras is unlocking new AI use cases powered by real-time, higher quality responses, chain of thought reasoning, more interactions, and higher user engagement. When it launched, Cerebras Inference delivered 1,800 tokens/second for Llama 3.1 8B and 450 tokens per second for Llama 3.1 70B, and was 20 times faster than Nvidia GPU-based solutions in hyperscale clouds. Two months later, Cerebras Inference smashed its previous record, delivering 2,100 tokens/second performance on Llama 3.2 70B. This is 16x faster than any known GPU solution and 68x faster than hyperscale clouds as measured by Artificial Analysis, a third party benchmarking organization. Cerebras Inference serves Llama 70B more than 8x faster than GPUs serve Llama 3B, delivering an aggregate 184x advantage.

In just three years since its inception, Arc delivered its second electric boat model, the Arc Sport. Blending aerospace engineering, EV technology, and intuitive software, the Arc Sport unleashes unprecedented performance with the aim of modernizing the $4B sport boat market.

Wayve has led Embodied AI innovation since the company’s inception in 2017, boldly pioneering the once-contrarian concept of end-to-end (e2e) AI for the physical world. Since Eclipse led the company’s Series A in 2019 and Series B in 2022, Wayve has built the foundation models for autonomy, similar to ‘GPT’ for driving, empowering any vehicle to see, think, and drive through any environment. The company took another step towards its mission to reimagine autonomous mobility through embodied intelligence with its $1.05B Series C led by SoftBank, with participation from new investor Nvidia and existing investor Microsoft. This milestone will specifically propel the company to develop and launch its first Embodied AI products for automotive.

Existing automation systems have largely been point-solutions, which have in turn led to untenable complexity. To compound the challenge, warehouses face a 49% yearly employee turnover rate, with some as high as 150%. There’s an urgent need to modernize and strengthen our national supply chain infrastructure against evolving threats. Led by the former head of the Optimus Robotics team at Tesla and the leader of factory software at Tesla and Rivian, Mytra emerged out of stealth with $78M in total financing through the Series B stage to revolutionize supply chains with a new, universal robotics system.

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In recent years, huge technological advances have been made in the renewable energy space, but storage remains the critical missing link to a clean energy future. The rapid rise of AI, coupled with the growing emphasis on electrification and EV adoption, have made the need for grid-scale energy storage solutions more urgent than ever. Less than a year after launching out of Eclipse’s Venture Equity (VE) program to solve this problem with a sustainable, affordable, and reliable storage solution for the grid, the Peak Energy team announced its $55M Series A to commercialize and scale its grid storage technology.

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Despite all of today’s technological innovations, the manufacturing industry still heavily relies on human labor, with robots making up only 1.41% of the global workforce. Armed with the belief that the $481B electronics manufacturing industry was ripe for transformation, Eclipse co-founded and built Bright Machines in 2018 with the mission to give machines human-like adaptability in electronics assembly. On the heels of announcing a partnership with Microsoft to deliver a full stack environment for all stages of the manufacturing life cycle — from product design to assembly to disassembly — the company announced its $126M Series C with equity investments from BlackRock, Microsoft, Nvidia, Eclipse, Jabil, and Shinhan Securities, and $20M in venture debt from J.P. Morgan to continue to execute on its mission to rethink manufacturing.

We’re in the midst of a quiet technological arms race and the winner will define the future of global computing. Countries across the globe are investing significant capital into quantum computing in pursuit of a singular outcome: an advanced quantum computing system designed to reliably outperform traditional computers in solving complex, real-world computing problems. The nations that invest in this technology will propel their societies forward, fostering breakthroughs that will ripple across economies and reshape the balance of global power. Founded by three serial entrepreneurs with years of experience leading semiconductor companies and a Professor from the Weizmann Institute, Quantum Source announced its $50M Series A to accelerate the company’s mission of developing scalable quantum computers that solve practical computational problems.

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When AI chip costs and power usage are already pushing developers to their limits, they can’t innovate to the next level needed to make AI a widespread utility. Tenstorrent changes that with AI-specific computers and an open-source software approach that allows for cost-effective, interoperable AI development. The company builds and sells AI-specific computers with its Tensix cores, and licenses AI and RISC-V intellectual property to customers who want to own and customize their silicon. Tenstorrent announced a Series D round of more than $693 million, valuing the company at about $2.6 billion. Samsung Securities and AFW Partners led the round, with participation from others, including Bezos Expeditions, Fidelity, LG, and more.

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Heather is the Director of Content at Eclipse. She partners with investors and portfolio companies to craft stories that illuminate the vision, expertise, and collaboration it takes to move physical industries forward. As a former tech and business journalist, Heather thrives in environments where she gets to learn about complex sectors and the people who power them.

Rachel is an Executive Assistant at Eclipse, who supports Aidan Madigan-Curtis and Jiten Behl. Her passion lies in creating seamless operations that empower leaders to focus on strategic initiatives.

Tiffanie is an Executive Assistant, who supports Ashwin Pushpala and Ryan Gibson and as such, works closely with the Eclipse Venture Equity (VE) team. Leveraging her background as an educator and administrative professional, she enjoys improving productivity and facilitating communication.