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Will quantum computing remain the domain of the specialist VC?

TechCrunch

McKinsey expects the chemical and pharma industries to be the first potential users of quantum computing, enabling the accurate simulation of larger numbers of atoms and molecules, which is not possible today using classical supercomputers. As a result, quantum hardware manufacturers develop their own cloud-based operating systems.

Chemicals 353
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Dry-cleaning robotics startup Presso pulls in another $8M

TechCrunch

Presso is using a hardware-as-a-service model to effectively lease its offering to clients. In additional to developing its own hardware and leasing its machines, Presso is creating other key pieces of the puzzle, including a newer, greener fluid for the dry-cleaning process.

Film 220
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Manufacturing CIOs see bright future for the industry, thanks to IT

CIO

Chris Nardecchia, SVP and chief digital and information officer, Rockwell Automation Rockwell Automation Chris Nardecchia: I started as a chemical engineer doing chemical engineering things, building and operating chemical and nuclear processes, producing polymers and nuclear fuel, etc. Now, software eats hardware for lunch.

Industry 279
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Aramco’s Prosperity7 powers AI drug firm Insilico’s $95M round

TechCrunch

Sustainable chemistry, as defined by OECD , is “a scientific concept that seeks to improve the efficiency with which natural resources are used to meet human needs for chemical products and services.” while hardware production happened in China. When asked why the company straddles China and the U.S.,

Chemicals 187
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Japan’s Terra Drone lands $70M Series B funding to accelerate global expansion 

TechCrunch

Our airspace is going to get more crowded than ever, but most companies today are concentrating only on hardware development,” said Terra Drone CEO and founder Toru Tokushige , who is also serving as the CEO of Terra Motors, which develops electric vehicles. The company also could raise another funding before its IPO, Seki added.

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Announcing the Startup Battlefield companies pitching at TechCrunch Disrupt 2021

TechCrunch

From lithium battery chemical recycling to smart media, blockchain infrastructure to student-centric educational software, and Sub-Saharan African fintech to cultured-meat production, this batch of companies is sure to wow the investors and the audience. With just over a 1.5% TC aims to pick companies from a range of industries.

Company 250
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SepPure’s nanofilters massively reduce energy cost of industrial separation processes

TechCrunch

But water isn’t a particularly harsh substance, unlike many chemical precursors to useful oils and other molecules. “Maybe only 10 years ago, people started to research chemical-resistant membranes. That’s a challenging thing and a lot of research was done to get there,” said Farahani.

Energy 218