Creative Destruction Lab

15/09/2026

Planetary infrastructure company Pixxel (CDL'20), announced the close of its $100M Series C funding round. Pixxel began with hyperspectral satellites that could reveal information about the Earth's surface beyond what conventional imagery could capture. The company has expanded its scope to include Aurora, its Earth intelligence software, and satellite systems for space missions.

Pixxel, the planetary infrastructure company, today announced the close of its $100 million Series C funding round, co-led by Temasek and Seraphim, with participation from existing investors. The round brings Pixxel’s total funding to $195 million and signals the company's next phase of growth as ...

08/09/2026

ZuriQ (CDL'25) has raised $25.5M in seed funding to scale its trapped-ion quantum processors. Most trapped-ion quantum computers are built on an architecture first proposed more than two decades ago, in which ions are held in essentially one-dimensional chains stitched together into larger grids using complex junction structures. ZuriQ has taken a fundamentally different route with processors that are natively two-dimensional.
https://www.globenewswire.com/news-release/2026/07/28/3334154/0/en/zuriq-raises-25-5-million-to-scale-new-groundbreaking-2d-quantum-architecture.html

26/08/2026

Feathery (CDL'25), an AI operating and decisioning system for financial services, raised $30M in total funding, including its recently completed Series A.

Feathery’s AI Operating System collects and structures client information, synchronizes every major system of record, and normalizes data across all surfaces.

New funding will accelerate product innovation, deepen AI capabilities, and expand support for insurance and wealth management firms.

20/08/2026

Announced today in Sudbury, Laurentian University will receive research funding of up to $1M over two years to advance the Canadian Digital Core Library, a national initiative to digitize Canada's geological record and make it openly available through an AI-ready platform.

Enabled by the Government of Canada's investment in the Canadian Digital Core Library, the funding will support a dedicated research program led by Laurentian’s Harquail School of Earth Sciences. Known as Canada's Mining University, Laurentian brings more than 65 years of research and teaching across the full mining cycle.
https://creativedestructionlab.com/blog/laurentian-cdcl/

18/08/2026

Creative Destruction Lab has been named one of America’s Best Incubators & Accelerators 2026 by TIME and Statista, ranking #15 in the U.S. and #1 in Washington!

The ranking recognizes top-performing accelerators based on founder outcomes, track record, alumni evaluations, and expert recommendations.

CDL Sites in the U.S. include:
CDL-Seattle at the Foster School of Business
CDL-Wisconsin at the University of Wisconsin-Madison
CDL-Texas at Mays Business School
CDL-Cleveland at Case Western Reserve University

Congratulations to the entire CDL community, and thank you to everyone who makes the CDL program possible.

14/08/2026

Alchemity (CDL'26) has announced the successful close of a Seed Financing round to support demonstration of a single step, liquid fuel production reactor system with zero CO2 emissions. Deployed directly at the point of gas production, this technology transforms waste or stranded bio-methane and CO2 into low-carbon fuels including sustainable aviation fuel, renewable diesel, and other valuable products.
https://alchemity.com/news/seed-financing

11/08/2026

DISA (CDL'21) has entered a definitive agreement to acquire IsoEnergy Ltd.'s Utah uranium portfolio and secured commitments for a $105M USD private placement, launching DISA Uranium to recover and produce uranium and remediate the West's abandoned mine sites.

DISA holds the only U.S. Nuclear Regulatory Commission license authorizing uranium recovery from legacy mine waste across multiple sites. Its patented High-Pressure Slurry Ablation technology is designed to concentrate uranium at the mine site, cutting the volume that needs to be hauled and processed downstream.

DISA Uranium holds the only U.S. Nuclear Regulatory Commission license authorizing the remediation and recovery of abandoned uranium mine waste across multiple...

10/08/2026

Multiverse Computing (CDL'20), global leader in efficient AI, announced a $570M USD Series C funding round at a $1.7B pre-money valuation.

At the heart of Multiverse's platform is CompactifAI, a compression technology that applies tensor networks, a mathematical framework from quantum physics, to the problem of AI model compression. This application was pioneered by co-founder and Chief Scientific Officer Dr. Román Orús and reduces the size of large language models by up to 80-95% with immaterial accuracy loss. The result is AI that runs faster, consumes less energy, and can be deployed in environments where sending data to a hyperscaler is too expensive, too slow, or not permitted.
https://multiversecomputing.com/resources/multiverse-computing-announces-series-c-fundraising-targeting-up-to-usd570m-eur500m-to-power

29/07/2026

Quantum hardware company Qubic (CDL'22) has raised $2.5M USD in seed funding to commercialize its signal amplifiers, which boost the signals from qubits used in quantum computing.

Qubic claims its low-noise, cryogenic amplifiers are purpose-built for reading superconducting qubits without introducing as much heat as standard semiconductor amplifiers.

Two Small Fish led the seed round, which will help scale the manufacturing of Qubic’s cryogenic amplifiers.

21/07/2026

NewOrbit Space (CDL'22), a startup developing satellites for very low Earth orbit, has raised $18.5M in a Series A round. NewOrbit plans to provide commercial service beginning with its first flight in 2028 from an altitude of 250 to 300km.

UK startup NewOrbit raises $18.5 million in Series A round