TechTaffy

tech:

taffy

Lilium raises $90 Million Series B Funding

By TechTaffy Desk

Lilium, a German startup working on flying cars (yes, you read that right) has raised a $90 million Series B funding round. The funding group consists of Tencent, LGT, Atomico, the company’s Series A backer founded by Skype co-founder Niklas Zennström; and Obvious Ventures, whose co-founder Ev Williams is Twitter’s co-founder and former CEO.

The investment will be used for the development of the five-seat Lilium Jet that will fly commercially, says the company. Lilium also plans to grow its current team of more than 70.

The Lilium Jet will be able to travel at up to 300 km per hour for one hour on a single charge – meaning an example 19 km journey from Manhattan to JFK Airport could last as little as five minutes, according to the company.

Lilium has raised $100 million to date.

You can watch the maiden flight of Lilium here:

[Image courtesy: Lilium]

Just in

Fundings

Wiz raises $1B

Cloud security company Wiz has raised $1 billion in a funding round.
Fundings

Augment raises $227M 

Palo Alto, Calif.-based Augment, an AI coding assistance startup, has emerged from stealth with the announcement of a $227 million Series B funding round.
Fundings

Dropzone AI raises $16.85M

Dropzone AI, a company that delivers pre-trained autonomous AI analysts that work alongside human analysts on security operations teams, has raised $16.85 million in a Series A funding round.
IT

Akamai to acquire Noname Security for $450M

Akamai Technologies has entered into an agreement to acquire San Jose, California-based, privately-funded API security company Noname Security, for approximately $450 million.
AI

Ukraine unveils AI-generated foreign ministry spokesperson — The Guardian

Victoria Shi is modelled on Rosalie Nombre, a singer and former contestant on Ukraine’s version of the reality show The Bachelor, according to the report on The Guardian.