TLDR:
- Philly companies raised $643 million in VC in Q2 2024
- Ghost Robotics faced vandalism following controversy
On July 12, 2024, Philly experienced a significant influx of venture capital investment, with companies in the region raising almost $643 million across 100 deals in the second quarter of the year. This trend indicates a stabilizing market, according to Emily Foote of Osage Venture Partners. Additionally, Ghost Robotics, known for its unmanned ground vehicles, faced vandalism at the home of a company leader and at Pennovation Works where the company is based. This incident follows criticism of the company for possible deployment of its robots in Gaza by the Israel Defense Force.
Other noteworthy updates include Geraldo Gonzalez utilizing tech to transform public transportation photos, anti-bullying software company Kidas winning an award from the Esports Trade Association, and Benefits Data Trust preparing to shut down in August. Furthermore, Penn Medicine is implementing an AI-based CT scan analysis system, Iffy Books is hosting a workshop about Meshtastic, and Philly Data and AI is hosting a happy hour event later in the month.
The article also includes information about nominating exceptional technologists for the RealLIST Engineers list in Philly and ways to support independent journalism through Technical.ly. Overall, the Philly tech and entrepreneurship scene continues to see growth, innovation, and challenges that shape its landscape.
