https://techcrunch.com/2021/11/10/moov-an-online-marketplace-for-used-manufacturing-equipment-raises-41m-from-tiger-global-and-others/

Moov, a data-fueled marketplace for used manufacturing equipment, has closed a $41 million Series A funding round led by Tiger Global. Investors joining the round include public semiconductor investor Gavin Baker of Atreides Management, Valor Equity Partners, Avenir Growth Fund, and existing investors.

The San Francisco-based company’s co-founders, Steven Zhou and Maxam Yeung, came up with the idea for Moov around a decade ago. The two say that they recognized that companies in the industry, such as Qualcomm and Samsung, spend billions of dollars a year purchasing manufacturing equipment only for it to get scrapped or forgotten in an offsite warehouse in a few years despite being usable for decades.