Tag: category-/Business & Industrial

The VC unicorn obsession is creating an early-stage funding wasteland

Over the last decade, unicorns have completely transformed the VC landscape. They’ve tilting the funding scales toward a concentrated set of companies. A decade ago unicorns represented a minuscule sector of the VC industry, with only six completed deals that represented just 1.2 percent of total deal value for the […]

Read More

Google Cloud CEO Diane Greene steps down

Former Oracle Corp. product chief Thomas Kurian will replace Diane Greene as head of the cloud division at Alphabet Inc’s Google in the coming weeks, Greene announced in a blog post on Friday, after a tumultuous year for the business. Greene said she had joined Google three years ago with […]

Read More

MapAnything raises $42.5 million for location of things platform

The location of things (LoT) market — which comprises technology that enables developers to make use of geographic data  — is projected to be worth $71.6 billion by 2025, driven by the proliferation of connected devices, high-speed networks, and personalized services. Mapping and navigation apps like Google Maps, Uber, and […]

Read More

Reimagining the contact center with bots, AI, and the gig economy (VB Live)

AI-powered bots and messaging: the cost-effective, easy-to-implement automation tech is set to slash contact center size by 50 percent in the next five years, reducing costs and powering up the gig economy. Can your company benefit? Take a closer look at the long-term implications of customer support automation, when you […]

Read More

Google Cloud AI loses R&D head Jia Li

Google Cloud AI’s Jia Li has left her position as head of research and development, a company spokesperson told VentureBeat in an email. Additional comment or details were not provided. Prior to joining Google in 2016, Li was head of research at Snap Inc., and before that led the visual computing […]

Read More

Nvidia’s stock falls 15% after earnings miss

Graphics and AI chip maker Nvidia saw its stock price fall 15 percent in after-hours trading after it reported third fiscal quarter earnings (ended October 28) that missed Wall Street’s targets. On average, analysts expected revenue of $3.24 billion (up 23 percent annually) and non-GAAP earnings per share of $1.93. Nvidia […]

Read More

Citrix acquires Sapho for $200 million to surface actionable insights in the workplace

Citrix Systems today announced it acquired Sapho in an all-cash $200 million deal, a Citrix spokesperson told VentureBeat in an email. Sapho makes micro-apps for team collaboration apps like Slack and Microsoft Teams that call upon more than 50 popular SaaS products like Salesforce, Workday, Concur, ServiceNow, Outlook, and Google Drive. […]

Read More

Apple pursues Qualcomm chip engineers as modem legal battle deepens

Locked in an increasingly dangerous legal battle with Qualcomm over modem patents and trade secrets, Apple is upping the ante by aggressively seeking to lure employees from its one-time chip supplier. According to a new Bloomberg report, Apple is now seeking chip engineers located in Qualcomm’s home city of San […]

Read More

IAM Robotics raises $20 million for inventory picker robots

There’s a lot of money in robotics — particularly in logistics robotics. The industrial machines market is forecast to be worth $41.23 billion by 2020, according to Grand View Research, with startups like GreyOrange and RightHand leading the charge. But they’re not the only game in town. Pittsburgh startup IAM Robotics […]

Read More

PerceptIn unleashes a driverless mobile vending machine that displays video ads

You’ve heard about autonomous cars, but what about autonomous advertisements? Meet PerceptIn‘s DragonFly Intelligent Advertising Vehicle, a driverless chassis equipped with digital signage — and a vending machine to boot. The mini-shuttle sports four displays — two smaller screens on the front and rear and a pair of widescreen monitors on either […]

Read More

Airtable raises $100 million to build out enterprise offerings

“Organize everything.” That’s the aspirational motto Airtable, a San Francisco startup cofounded by Stack Overflow developer Emmett Nicholas, former Google Maps manager Andrew Ofstad, and serial entrepreneur Howie Liu adopted before revealing their first product to the world in 2015: an Excel-like extensible spreadsheet creator with a no-code, easy-to-use drag-and-drop […]

Read More

Heartland Tech Weekly: Don’t overlook Amazon’s Nashville announcement

Amazon’s HQ2 search is finally over. In the off chance that you have been on vacation and without internet access for the past week, Amazon chose neighborhoods in the New York City and Washington, D.C. area for “dual” HQ2s (which I’ve started referring to as HQ2a and HQ2b). However, one Heartland city […]

Read More

Hippo raises $70 million for data-driven home insurance

U.S. home insurers raked in $95 billion in revenue last year, and according to a recent Jupiter report, so-called insurtech companies are forecast to capture $400 billion in premiums by 2023. Hippo, a Mountain View insurance startup founded in 2015, is a beneficiary of the booming market — the company’s insurance policy sales have […]

Read More

Microsoft’s open source AirSim platform comes to Unity

Microsoft took the wraps off of a slew of new AI features in Power BI today, and it didn’t stop there. The Seattle company also announced a collaboration with Unity Technologies that’ll bring Microsoft Research’s AirSim, an open source aerial informatics and robotics platform, to Unity. Previously, it was available exclusively […]

Read More

Intel claims its Mobileye driver assistance system cut bus accidents by 29% in London trial

Mobileye, the autonomous vehicle research startup acquired by Intel in 2017 for $15.3 billion, today announced the preliminary results of a trial involving its advanced driver assistance systems (ADAS) with U.K. bus operator Abellio London. According to Mobileye, its technology has reduced avoidable collisions and injuries by 29 percent and 60 percent, […]

Read More

Snap reveals U.S. subpoenas over 2017 IPO disclosures

(Reuters) — The U.S. Justice Department and Securities and Exchange Commission have subpoenaed Snap for information about its March 2017 initial public offering, the social media app maker told Reuters on Tuesday. Snap said in a statement it has responded to the government subpoenas and other requests for information. The […]

Read More

PwC: Only 4% of executives say their business has successfully implemented AI

It seems almost impossible to have a conversation about emerging enterprise tech without bringing up artificial intelligence (AI). But according to a newly published report from PricewaterhouseCoopers (PwC), AI remains decidedly more talk than action where most executives are concerned. PwC’s 11th annual Digital IQ survey of thousands of business, […]

Read More

WalkMe closes $50 million round to grow its software walkthrough platform in APAC

San Francisco-based WalkMe, which operates what it calls a “digital adoption platform” (DAP) that helps companies integrate user-centric product walkthroughs into their software, announced that it has added another $10 million to its previously announced series F round. The company announced it had raised $40 million from Insight Venture Partners and Mangrove […]

Read More

Walmart’s Indian venture Flipkart loses CEO after misconduct probe

(Reuters) — The Chief Executive and co-founder of Walmart’s Indian venture Flipkart Group, Binny Bansal, has resigned following a probe into serious personal misconduct, Walmart Inc (WMT.N) said in a regulatory filing on Tuesday. Bansal has strongly denied the allegations, the company said in a statement. Bansal and his representatives […]

Read More

Cisco expands BroadCloud, introduces new Calling App and Webex Room Kit mini

Just two months ago, Cisco substantially beefed up its web conferencing offerings with the Webex meeting scheduler, improved on-premises services for enterprise customers, and new devices for boardrooms, meeting rooms, and casual workspaces. It’s not stopping there, apparently. During its 2018 Partner Summit in Las Vegas, the San Jose company took the […]

Read More

France leads effort to save internet from itself with ‘Paris Call’ and Facebook embed

As the geopolitical picture continues to churn with uncertainty, France is making a strong and surprising bid to assume a central leadership role in fixing the hot mess otherwise known as the internet. Following a weekend-long tribute to the 100th anniversary of the end of World War I that drew […]

Read More