RDI Technologies acquired

RDI Technologies, a machinery monitoring technology startup backed by University of Louisville astrophysics research and founded by a UofL alumnus, has been acquired. The startup was built on a UofL invention for detecting and visualizing tiny motion that may cause damage in bridges and machinery. The company was acquired by New York-based industrial and life sciences private equity firm, SFW Capital Partners LP.

Clarksville insurtech lands $3.5M investment

Clarksville, IN-based insurtech startup Armadillo has landed a $3.5 million investment from Distributed Ventures. Armadillo, co-founded by Matan Slagter and Lansdon Robbins, will use the fresh capital to further develop its technology and distribution channels.

LG&E and KU Energy recognized for R&D

LG&E and KU Energy was honored as the recipient of a Technology Transfer Award from the Electric Power Research Institute (EPRI) for achievements in research and development. The company has won more than a dozen Technology Transfer Awards from EPRI since 2013. Among the projects noted in the awards are the company’s energy storage site, universal solar farm and electric vehicle charging station program.

UofL gets more funding for electric vehicle research

The University of Louisville’s Conn Center for Renewable Energy Research is part of a federally funded collaborative called Efficient Vehicles and Sustainable Transportation Systems (EVSTS). The work is an effort to meet demanding federal regulations governing vehicle fuel economy and emissions, as well as society’s growing needs for improved sustainability. The National Science Foundation has announced $500,000 in additional funding for EVSTS until 2027.