$640M in VC poured into Philly last quarter
Companies in the Philadelphia region raised almost $643 million across 100 deals in Q2 2024, according to the latest Venture Monitor report, released quarterly by PitchBook and the National Venture Capital Association.
“While we’ve seen some fluctuation over the past year, the overall trend suggests a stabilizing market,” Emily Foote, a partner at venture capital firm Osage Venture Partners, told Technical.ly.
➡️ Check out how this quarter compares to Philly’s overall VC trends
Police investigate Ghost Robotics vandalism
Philadelphia police responded to a vandalism incident at the home of a leader at Ghost Robotics. Then, University of Pennsylvania Police responded to a separate vandalism incident the next day at Pennovation Works in Grays Ferry where the company is based.
Ghost Robotics is known for its “robot dogs” or unmanned ground vehicles. The company has recently received criticism after claims that the bots were being deployed in Gaza by the Israel Defense Force.
News Incubator: What else to know today
• The “King of Transit” Geraldo Gonzalez uses tech like Photoshop Lightbox to transform photos of public transportation in Delaware. [Technical.ly]
• Anti-bullying software company Kidas won the Sustainable Esports Initiative Award from the Esports Trade Association. [Kidas]
• Benefits Data Trust is scheduled to shut down on August 24. Leadership sent a note to staff explaining the next steps. [The Inquirer]
• Penn Medicine is implementing an AI-based CT scan analysis system. So far, it has been used for 6,000 scans. [CIO]
• Do you know an exceptional technologist? Nominate them for this year’s RealLIST Engineers list in Philly. [Technical.ly]
🗓️ On the Calendar
Welcome to the daily roundup of the latest from Philly's tech and entrepreneurship scene. Want this in your inbox? Subscribe for free.
Before you go...
To keep our site paywall-free, we’re launching a campaign to raise $25,000 by the end of the year. We believe information about entrepreneurs and tech should be accessible to everyone and your support helps make that happen, because journalism costs money.
Can we count on you? Your contribution to the Technical.ly Journalism Fund is tax-deductible.
Join our growing Slack community
Join 5,000 tech professionals and entrepreneurs in our community Slack today!
Congress votes to reauthorize the EDA, marking a historic bipartisan effort to invest in innovation and job creation
Inside the merger: Uniting Kleer and Membersy as a dental membership powerhouse
Looking for a job? This strategy turns NotebookLM into your personal hiring coach
