Bayern Kapital

Today marks a significant milestone for DeepDrive as we announce our collaboration with BMW to road-test our Dual Rotor electric drive technology. This groundbreaking concept delivers powerful, efficient, and high-range motors, redefining electric mobility.   Following exceptional results in our pilot phase, where our technology surpassed performance benchmarks on test benches, we are now moving to real-world road trials. Various versions of our drive systems will undergo rigorous testing in BMW Group vehicles, validating their performance and efficiency in diverse driving conditions.   Our Dual Rotor concept combines the advantages of two electric motors in one, offering compact size, low weight, and high torque density. This innovative approach supports both In-Wheel-Drive configurations and traditional Central Drive setups, catering to a wide range of vehicle models.   Two years ago, we made our first steps in the collaboration with the BMW Startup Garage. Its venture-client model has been instrumental in accelerating our innovation journey. It enables young companies like DeepDrive to collaborate closely with industry leaders, pushing boundaries in innovation, sustainability, and operational excellence.   We're thrilled about the road ahead and grateful for BMW's partnership in driving the future of electric mobility. Stay tuned for more updates as we continue to pave the way for cleaner, more efficient mobility solutions🌍⚡ https://lnkd.in/dV5FfJW2 #DeepDriveRide

Great news from CatalYm: we have successfully completed an oversubscribed $150 million Series D #financing to advance our lead program #visugromab into randomized Phase 2b clinical trials. This investment will expand visugromab’s late-stage clinical development into earlier lines of treatment including checkpoint naïve and second-line refractory settings in select #SolidTumor indications. We extend a warm welcome to our new investors: Canaan, Bioqube Ventures, Omega Funds, Forbion Growth Fund and Gilde Healthcare Partners. Together with support from our participating existing investors JEITO, Brandon Capital, Novartis Venture Fund and Vesalius Biocapital III  the funding highlights the potential of visugromab to bring benefit to cancer patients and also values the novel approach of neutralizing GDF-15, a key resistance factor to anti-cancer therapies. Visugromab is a humanized monoclonal antibody targeting GDF-15, a key regulator of immune resistance to #cancer therapies. Our lead candidate has shown impressive results in a recent Phase 1/2a data update presented at #ASCO2024. The results demonstrated that the combination of visugromab and the PD-1 inhibitor nivolumab achieves deep and durable anti-tumor activity, including complete responses, in patients with anti-PD-(L)1 relapsed/refractory solid tumors. Along with the financing, Colleen Feriod Cuffaro, Partner at Canaan, Jon Edwards, Managing Partner at Bioqube Ventures, and Otello Stampacchia, Managing Director and Founder at Omega Funds, will join our Board of Directors, and Stefan Luzi, PhD, Partner at Gilde joins as an Observer. As we enter this next stage of corporate growth, we remain committed to our mission of breaking immunosuppressive barriers and establishing a new benchmark in cancer care. For more details on the financing, visit: https://lnkd.in/dBfHK4sU

Today is a big day: I am excited to announce that Andrew Burton is joining commercetools as our new CEO. Andrew and I will work closely together and execute on the vision to further grow commercetools to the globally leading enterprise commerce technology company. As co-founder of commercetools I will continue to serve on the commercetools board, and will take the role of the Chief Innovation Officer. In that I will put my main focus on the following segments: Key customers and partnership development, product innovation, communications and investor relations. Andrew brings a ton of experience to commercetools. As former President and COO of Rapid7 (NASDAQ: RPD) he has seen significant growth while running a publicly listed company. Andrew and I got to know each other almost two years ago and it became quickly apparent that by working together we could take commercetools to the next level of growth and success. The last 14 years had been an amazing roller coaster ride: When we decided in 2010 to build a new commerce software for the enterprise market from scratch we have not thought about achieving 100M USD or more in revenue - but we had the vision of building the leading enterprise commerce software company - not by creating fancy slide decks - but by providing the best products that help our customers today, and that make their businesses future-proof for whatever is coming next. Executing against this vision is what brought us here today and it's as well the foundation for our future success - because we have a lot of things planned for the upcoming years. Today commercetools is the largest privately held commerce software company serving over 500 customers globally helping them to realize over 35B USD GMV through our software. We are the clear leader in modern enterprise commerce software and - at least from my view - provide the best products for companies that not only require flexibility and scalability, but that also want to operate cost efficiently and put more focus on innovation than on keeping the lights on. I would have never estimated more than a decade ago, that one time we will empower companies like Sephora, BMW, John Lewis, Porsche, Burberry, Ulta Beauty and many more of the most known brands to run their digital business with us. Building the company up to $150M ARR and beyond has been amazing but would not have been possible without an amazing team that made this all happen. And even at the size today we continue to grow at a high pace. That strong momentum makes now the perfect timing to enhance our leadership team as we are about to ignite the next stage of this business rocket that we are flying. Andrew has had a significant impact helping his previous company to grow from ~$150M ARR a few years ago to over $800M in ARR today. Our plans are not less ambitious. Together with almost 650 commercetoolers I am excited to see what is next and to make our future plans become reality.

We rush into the future ⚡🚀 We are thrilled to announce that Ryte has officially joined the Semrush Family! This partnership puts our product development on the fast track, allowing us to create the perfect Website User Experience platform even faster, driving your digital growth even smarter. “Joining forces with Semrush marks a new era. Everything we envision for Ryte starts with the business we do today. This partnership supercharges our mission to innovate and expand globally like never before.” - Andy Bruckschloegl, Co-Founder and CEO of Ryte “Today, we warmly welcome all Ryte employees to the Semrush family and look forward to capitalizing on the opportunities this acquisition brings." - Eugene Levin, President of Semrush Exciting times are ahead. With enhanced speed and intelligence, we remain committed to fueling your digital growth like never before. Follow our journey and discover more in our newsroom: bit.ly/4d3whiL. #strongpartners #newfamily

👉 Heute in der Sitzung des Bayerischen Kabinetts mit Fokus auf Themen der Wirtschafts- und Steuerpolitik: 📌 Strategische Weiterentwicklung der LfA Förderbank Bayern / Förderung von Mittelstand und Transformationsvorhaben / Förderung von Zukunftsinvestitionen 📌 Bayern verstärkt Engagement bei der Finanzierung von Start-ups: ab 2025 neuer Fonds mit Volumen von 1 Mrd. Euro für bayerisches Start-up-Ökosystem / Neuer Direktinvestitionsfonds bei Bayern Kapital und Dachfonds bei der LfA Förderbank Bayern / Staatlicher Finanzierungsanteil wird auf bis zu 50 Mio. Euro pro Start-up erhöht 📌 Bayerische Bundesratsinitiative zum Bürokratieabbau im Steuerrecht 📌 Bayerische Initiative „Entbürokratisierung im Vereinssteuerrecht“ 📌 Bayern fordert Aussetzung des Lieferkettensorgfaltspflichtengesetzes bis zur Umsetzung der EU-Lieferkettenrichtlinie: Schaffung eines Level Playing Fields auf EU-Ebene / Bürokratiearme Umsetzung der EU-Lieferkettenrichtlinie in nationales Recht / Unterstützung für indirekt betroffene KMU #Bayern #Bavaria #FreistaatBayern #Kabinett #Wirtschaft #Steuer #Finanzen

At IQM, our aim is to solve business challenges beyond classical supercomputing capabilities, and we are actively exploring various applications with error-mitigation techniques for optimal hardware performance. This summer, we inaugurated our first quantum data centre in Munich, Germany, to support industry applications. Hear more from our Country Manager for Germany, Dr. Markus Bendele, PhD, about the significance of the facility. #IQM #QuantumComputing #DataCentre #Applications Jan Goetz Juha Vartiainen Juha Hassel Inés De Vega Alexia López Chantall M. Irina Lomperi Frank Deppe Dr. Peter Eder Sylwia Barthel de Weydenthal (she/her) Vicente Pina Canelles Stefan Pogorzalek Martin Leib Adrian Auer Arja Zenk Mikko Välimäki Henrikki Makynen