Dhruva Space bags maiden funding from Antariksh Venture Capital Fund

thehindubusinessline.com Jul 14, 2026

Dhruva Space bags maiden funding from Antariksh Venture Capital Fund

Curated by Shubham · TechCapsules · Jul 14, 2026

AI-summarised brief · reviewed before publication

Dhruva Space, an Indian spacetech firm providing end‑to‑end engineering solutions, secured ₹60 crore from the Antariksh Venture Capital Fund (AVCF), the fund’s inaugural investment. The capital injection brings Dhruva’s pre‑Series B round to a total of ₹275 crore, split between ₹150 crore in equity and ₹125 crore in debt. AVCF, a ₹1,600 crore fund anchored by IN‑SPACe and managed by SIDBI Venture Capital, aims to back space‑tech startups across development stages. Dhruva’s co‑founder Chaitanya Dora Surapureddy said the funding will accelerate infrastructure, expand satellite manufacturing, and fulfill a domestic and international order book exceeding ₹500 crore. The announcement was made at the 10th IN‑SPACe Industry Connect in Ahmedabad.

💡 Why It Matters

· The deal validates government‑linked capital’s confidence in India’s emerging satellite supply chain, positioning Dhruva as a key player in meeting soaring global demand for space‑based services.

Read full article on thehindubusinessline.com

Tennessee Allocates $3 Million to Incentivize Local Realocation of NSF X-Labs Quantum…

The State of Tennessee announced a $3 million commitment to attract National Science Foundation X‑Labs quantum research teams to set up operations in the state. The Tennessee Quantum X‑Labs Challenge will offer incoming teams localized resource packages that include access to Oak Ridge National Laboratory, the Tennessee Valley Authority grid, EPB’s quantum network, regional testing beds, cleanrooms and workforce recruitment infrastructure. Funding pathways link federal awards to state‑level matching capital through LaunchTN SBIR/STTR programs, while qualifying startups can tap direct equity co‑investment via the InvestTN framework. The multi‑tiered model aims to close financing gaps in early‑stage quantum hardware and software development and builds on a prior $43 million allocation for advanced energy grids and quantum networking test beds approved in the 2026 budget.

💡 By bundling federal research with state‑backed capital and infrastructure, Tennessee creates a turnkey ecosystem that could accelerate the commercialization of quantum technologies faster than traditional academic‑to‑industry pipelines.

techcrunch.com · Jul 14

Hermes agent maker Nous Research in talks for new funding at $1.5B…

Nous Research, the startup behind the open-source Hermes agent, is in final talks for a $75 million funding round at a $1.5 billion valuation, led by Robot Ventures and USV. The company, founded in 2023, has previously raised $70 million. Hermes, which offers built-in skills and automatic learning, has gained widespread popularity on GitHub with over 214,000 stars. The new funding aims to expand the product and business model.

💡 The valuation signals growing investor confidence in AI agents capable of autonomous task execution. Hermes’ rapid adoption and open-source nature position it as a key player in the evolving landscape of AI automation tools.

techcrunch.com · Jul 14

Video-generation startup PixVerse raises $439M, valuation soars past $2B

Singapore-based video-generation startup PixVerse has raised $439 million in a Series C extension round, pushing its valuation above $2 billion. The funding, led by CDH Investments and joined by investors like Alibaba and Lollapalooza Capital, will support global expansion and product development. PixVerse, founded in 2023, offers multiple video-generation models and claims over 150 million registered users. The company plans to launch new models and expand enterprise outreach in 2024.

💡 PixVerse’s rapid valuation growth underscores the rising demand for high-quality AI-generated video tools. By leveraging its co-founder’s experience in visual AI and data labeling, the startup is positioning itself as a key player in a competitive and fast-evolving market.

spacenews.com · Jul 14

Flexell Space raises $20 Million in Series A round

Flexell Space, a South Korean developer of next-generation space solar technology, has secured $20 million in a Series A funding round. The investment, led by existing and new Korean institutional investors, brings the company’s total funding to $25 million. The capital will support technology development, production readiness, and global expansion as Flexell Space aims to commercialize lightweight, high-efficiency solar solutions for satellites, space stations, and deep-space missions.

💡 The funding underscores South Korea’s growing role in the global space economy, as Flexell Space advances cutting-edge solar technology that could redefine power systems for future satellite constellations and deep-space exploration.

semiconductor-digest.com · Jul 13

Bosch Announces $225M Direct Funding Agreement with the U.S. Department of Commerce

Bosch signed a definitive agreement with the U.S. Department of Commerce to receive up to $225 million from the CHIPS Program, supporting its $2 billion investment to convert the Roseville, California plant into a silicon‑carbide (SiC) semiconductor fab. The site, which has four decades of semiconductor experience, has begun sample production and aims to ship its first commercial 200‑mm SiC chips in 2026. Bosch officials highlighted the move as a step toward localized manufacturing and supply‑chain resilience. The Trump administration framed the funding as part of a broader effort to secure critical‑technology supply chains. Bosch also announced a $7.5 billion U.S. investment plan through 2031, marking its 120th anniversary in the country. The facility will also create dozens of jobs during the rollout.

💡 Domestic SiC production gives U.S. automakers a home‑grown source for high‑efficiency power chips, cutting reliance on overseas suppliers.

thequantuminsider.com · Jul 13

Q-PLANET Begins Development of European Pilot Line for Neutral Atom Quantum Chips

Q-PLANET, a €50 million European Quantum Chip Stability Pilot Line coordinated by neutral‑atom specialist Pasqal, has launched its three‑year initial phase to develop industrial‑grade components for neutral‑atom quantum technologies. The consortium unites 28 research, industry and academic organisations across 11 EU Member States to create scalable manufacturing processes for lasers, atom chips and micro‑fabricated vapor cells, and to define standards such as Process Design Kits and Assembly Design Kits. Over the first phase the project aims to raise the technology readiness level of these components from TRL 4 to TRL 6 through iterative design, fabrication and testing cycles. Q-PLANET forms one of six pilot lines funded by the European Chips Joint Undertaking, targeting the broader EU goal of quantum‑technology industrialisation by 2030 overall.

💡 Establishing repeatable production for neutral‑atom hardware gives Europe a ready supply chain that can speed quantum sensor and computer deployment ahead of competing regions.