Furo’s founders left Silicon Valley — and it’s paying off

Furo, an industrial battery-storage platform, raised $4 million from TQ Ventures, Neo and Sandberg Bernthal Venture Partners. Within its first year it secured enterprise clients including Deutsche Bahn. Its three founders—formerly of Apple, Google X and AI startups—moved from Silicon Valley to Munich to be nearer European customers, benefit from lower engineering salaries and leverage networks at CDTM and TU Munich.