Daily Summary
Japan’s Terra Drone is set to expand its partnership with Saudi Aramco for drone inspections of oil and gas facilities, while its test runs are scheduled to begin soon with full operations expected by 2027. Meanwhile, CaaStle’s founder is under scrutiny for inflating reported revenues, and media entrepreneur Dan Abrams is fundraising for his new venture, Bottle Raiders, which focuses on liquor reviews. Separately, Cerebras Systems and Ranovus have won a $45 million US military contract to speed up chip connections using advanced networking technology.
Dan Abrams Raising Funds for New Media Startup Bottle Raiders
Dan Abrams is raising funds for his new media venture, Bottle Raiders, which aggregates liquor reviews and will host a major non-alcohol wellness festival in September.
Japan's Terra Drone Boosts Cooperation with Saudi Aramco for Inspections
Japanese startup Terra Drone has signed an MoU with Saudi Aramco to launch drone inspections for oil and gas facilities, with test runs starting later this year and full operations expected in 2027.
Cerebras Systems and Ranovus Win $45M U.S. Military Contract to Accelerate Chip Networking
Cerebras Systems and Ranovus have landed a $45 million DARPA contract to boost chip connectivity using cutting-edge optical networking technology, paving the way for ultra-fast, energy-efficient computing systems for battlefield simulation.
CaaStle Founder Accused of Inflating Company Revenues
Christine Hunsicker, CaaStle founder, is accused of inflating the company's 2023 revenues to $519 million versus an audited $15.7 million, prompting her resignation from P180 amid serious financial discrepancies.