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Author: Vlad Dobritan

Extending your runway in uncertain times

The fundraising environment right now is exceptionally challenging, even in climate tech. The length of time between Seed and Series A is increasingly being drawn out, while the number of startups that are funded at Series A is falling and exits are at a 10 year low.

Butlr secures $38M in Series B Funding

Butlr, a physical AI (PAI) startup, today announced $38M in Series B funding to meet the increasing demand for its sensors and anonymous data that can be used in any building to better understand how humans interact in a space. This results in more collaborative, energy efficient and safer buildings where people work and live. Butlr’s primary customers are in senior living communities and workplaces, with a growing interest among brick-and-mortar retailers. To date, the company has raised $68 million with Foundry as the lead investor for Series B.

Exclusive: SirenOpt raises $6.6M for manufacturing sensor tech

Sensor tech startup SirenOpt raised a $6.6 million seed round to start selling its product commercially, the company tells Axios exclusively. Why it matters: Companies making materials for sectors like batteries, chips and flexible electronics have major blindspots in their manufacturing processes which can lead to inefficiencies.