Hyperloop Technologies — Hyperloop Technologies is building a next-generation transportation system that is designed to offer high-speed travel for people, cargo and trade through innovative uses of compressors, levitation and propulsion. The company, which is exploring configurations at surface speeds of up to 740 miles per hour, is backed by a group of investors that include Formation 8 and Sherpa Ventures. It was reported last month that Hyperloop was in the process of raising an $80 million Series B round. Previously, the company secured an $8.7 million financing in February at a $42 million valuation.
Impossible Foods— Having raised roughly $183 million in VC financing since its 2011 founding, Impossible Foods is working to produce plant-based foods that outperform existing meat and dairy products in both taste and nutrition. Along with developing appetizing meals, the company aims to lower the cost and impact that the current food system extols on the environment. Impossible Foods last raised a $108 million Series D financing that generated a valuation of $800 million and saw participation from Microsoft founder Bill Gates.
Cruise— Cruise is developing technology to make the driverless car movement more accessible to the general populous. The company's Cruise RP-1 system integrates with existing car models and is able to control the vehicle's steering, throttle and braking, ensuring the car remains safely in its lane and at a safe distance from the car in front. Cruise has secured a total of $21 million in equity financing, last raising a $16.8 million round in September that valued it at $94 million. Founder and CEO Kyle Vogt previously co-founded "gamer" video platform Twitch, a company acquired by Amazon earlier this year for roughly $1 billion.
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