Peloton Technology, an automated vehicle technology company, has raised $17 million in a funding round led by Lockheed Martin, DENSO International America and Intel Capital. The company will use the funds to accelerate the development and deployment of its technology for the trucking industry in the U.S. and the rest of the world. “We are excited to be working with Lockheed Martin, a recognized leader in automated vehicles and safety-critical systems,” said Peloton CEO Josh Switkes. “Lockheed Martin understands and supports our mission of increasing safety and fuel savings across the industry.”
Instabase, a data operating system for the web, has raised $3.75 million in seed funding from Greylock Partners and New Enterprise Associates. “Instabase strives to be the “operating system” for big data applications by creating a platform that can run ‘apps’ for various tasks such as ingestion, integration, query, analytics, visualization, prediction, and machine learning,” said Pete Sonsini, NEA General Partner. “Instabase takes out the heavy lifting of accessing and digesting vast stores of data and creates efficient and user-friendly access to one’s own secure data making it a revolutionary product in the data space.”
Semiconductor solutions provider Credo Semiconductor has raised $8 million in Series A funding led by Walden International. The money will be used to expand the deployment and development of the company’s products. “It’s no secret that cloud technologies, big data and mobility are driving the need for massive bandwidth expansion in the data center and yet, at the same time, the design hurdle is increasing exponentially for robust, single-lane SerDes solutions at 25G, 50G and 100G,” said Bill Brennan, CEO of Credo. “SerDes technology is arguably the single most important challenge for designers needing to reliably scale network bandwidth, and we continue to demonstrate our technical advantages to customers serving this market. This round of funding will enable us to accelerate delivery on our SerDes IP roadmap, while augmenting our IP with complementary SerDes-based device solutions.”