UK AVATAR STARTUP UNIT1 RAISES £15M FOR DIGITAL CONCERTS
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Unit1, a UK company creating hyper-realistic digital avatars of musicians, has secured nearly £15 million in funding led by Balderton Capital. The startup aims to democratize concert experiences by offering lower-cost versions of immersive shows featuring both living and deceased artists.
■ MORE FROM THE STARTUPS DESK
Mithrl, an AI infrastructure company for pharmaceutical R&D, secured $20 million in Series A funding led by Obvious Ventures. The company integrates proprietary biomedical models directly into drug developers' research systems.
ScrollEd, a Palo Alto startup founded by student couple Utsav Gupta and Rebecca Neff, converts traditional textbooks into an Instagram-style scrollable feed featuring video, audio, and interactive quizzes.
Joby Aviation completed a fully autonomous flight from California to North Carolina, demonstrating extended-range capabilities for its electric aircraft. The achievement signals the startup's ambitions beyond urban air taxi services.
A growing cohort of startup founders is shifting focus toward bringing people together offline, moving away from the digital-first model that dominated the last decade. Early successes suggest there's significant opportunity in physical-world experiences.