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Rent The Runway Raises $125 Million, At $1 Billion Valuation

New York based clothing rental startup Rent the Runway has raised $125 million in funding co-led by Franklin Templeton Investments and Bain Capital Ventures, with participation from all existing lead investors, T. Rowe Price and Hamilton Lane Advisors. This round brings the total raised by the company to approximately $337 million and values it at $1 billion.

With this investment, Franklin Templeton portfolio manager Sara Araghi has been appointed to Rent the Runway's board, joining as the fifth female board member at the female-led company. The company says the new funding will enable it to accelerate subscription growth, infrastructure and broaden assortment and category offerings.


“Shared, dynamic ownership is a movement that Rent the Runway has pioneered over the last decade and we’re excited to continue to lead the market and innovate our subscription service,” Rent the Runway co-founder and CEO Jennifer Hyman said in a statement. "The apparel and accessories market is …
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Volvo Outs In-Car Cameras To Tackle Unsafe Driving

Volvo has unveiled new in-car cameras that it says will help tackle drunk and distracted driving in its vehicles. These cameras will see its debut on Volvo vehicles early next year. Volvo says the in-car cameras in conjuction with other sensors will allow the car to intervene if "a clearly intoxicated or distracted driver does not respond to warning signals and is risking an accident involving serious injury or death".

The vehicle's intervention could involve limiting speed, alerting the Volvo on Call assistance service, and actively slowing down and safely parking the car as a final course of action. Examples of situations where the camera comes into effect include a complete lack of steering input for long periods, drivers who are detected to have their eyes off the road, extreme lane weaving and slow reaction times.


Details on the exact amount of cameras and their positioning in the interior of Volvo vehicles will be revealed later. Volvo also debuted a new speed-lim…

Volvo Debuts Speed-Limit Setting Key

Following Volvo's move to set a 180km/h top speed limit on all its vehicles beginning 2020, Volvo has unveiled the Care Key, a device that allows users of its vehicles to set a speed limit for themselves, family members or friends. The Care Key will become standard on all its vehicles beginning 2021.

The device lets Volvo drivers set limitations on their car's top speed before use, or lending to acquaintances, tackling the issue of over-speeding on roads. In addition to capping speed, Volvo says it's currently courting insurance companies in several markets "to conversations" to offer favorable, special insurance packages to drivers using its safety features.


Volvo says it expects to announce the first of such agreements with national insurance firms soon. “We believe that a car maker has a responsibility to help improve traffic safety,” Volvo CEO Håkan Samuelsson said. “Our recently announced speed limit fits that thinking and the Care Key is another example. M…

Apple Updates The AirPods

Just after debuting two new iPads and updating the iMac, Apple has unveiled a new version of the AirPods, the world's most popular wireless headphones, adding a new Apple-designed H1 chip, a wireless charging case and support for Siri.

The Apple-designed H1 chip allows up to 50% more talk-time compared to the current AirPods, and enables two times faster connection times, making switching between devices while listening to music more speedy. Featuring the convenience of “Hey Siri” for the first time, users can also now change songs, make calls, adjust the volume or get directions by voice command.


The wireless charging case is optional, with a standard charging case also available. Each case holds additional charges for 24 hours worth of listening time. The new AirPods also features an LED light indicator that displays its charge status with a glance. Existing AirPod owners can also purchase the wireless charging case for use.

Set to hit stores next week, AirPods with the standar…

Oculus Launches The Rift S

Oculus has unveiled the Rift S - a new $400 VR headset that succeeds the current Oculus Rift. The new virtual reality headset was designed in partnership with Lenovo, drawing on the Chinese tech giant's experience in the VR and AR space, and feedback from the Lenovo Legion community of gamers.

Oculus says the Rift S was designed for "increased comfort, better weight distribution, and improved light blocking, as well as a simple, single-cable system for a clutter-free experience". The Rift S features the same audio system as the Oculus Quest and Oculus Go headsets and also comes with inside-out tracking technology (Oculus Insight) just like the Oculus Quest.



Other features of the Rift S include a headphone jack and Oculus Touch controllers. The new VR headset is powered by the user's PC, just like the Oculus Rift. It'll launch in Spring 2019.




More New Releases:
HP Debuts New VR HeadsetNvidia Debuts $100 AI ComputerApple Updates The iMacApple Debuts Two New iPadsFit…

Doctolib Raises $170 Million At $1.1 Billion Valuation

Doctolib - a French startup what provides doctors and hospitals with software solutions for medical processes - has raised €150 million ($170 million) in new funding led by General Atlantic, several existing investors: Accel. Kernel, Eurazeo and Bpifrance, and several unspecified German healthcare entrepreneurs. This round values the 2013 founded company at more than €1 Billion ($1.13 billion).

Five years after its founding, Doctolib has grown to be a leading e-health service in Europe and says it receives 30 million online visits from patients every month. The company currently employs 750 people, with offices in 40 cities across France and Germany.


With this funding, Doctolib says it'll double the size of its team in the next three years, roll out its tele-health service to its community of 75,000 physicians and 1,400 healthcare facilities in France and Germany, double its investment in technology, product and design, and expand into new regions.

Doctolib has now raised nearly …

HP Debuts New VR Headset

At the HP Reinvent conference, HP unveiled a new VR headset - the Reverb, a new "grounds-up designed" headset with twice the resolution, two-thirds the weight and half the cost of of the preceding HP Mixed Reality VR Headset. With the debut of this new headset, HP says it worked on a device that addresses three pain points commonly associated with VR headsets: visual quality, comfort and worry-free deployment and support.

Weighing just 1.1. pounds, features of the HP Reverb include:
2160 x 2160 display 114-degree field of viewIntegrated headphonesDual microphonesPre-paired motion controllersWindows Mixed Reality and Steam VR supportBluetooth connectivityRemovable, cleanable facemask cushions


The new headset comes in two versions: a Consumer Edition and Pro Edition. Set for availability in April, they'll go for $600 and $650 respectively. The Pro edition comes with an additional 0.6m headset cable and a washable fabric face cushion, hence the price.



Nvidia Debuts $100 AI Computer

Nvidia has unveiled the Jetson Nano, a new $100 AI computer that delivers 472 GFLOPS of computing performance for running AI workloads, and is power-efficient, consuming as little as 5 watts. Nvidia CEO Jensen Huang unveiled the device at the on-going GPU Technology Conference, where the company also announced a self-driving collaboration with Toyota.

The Jetson Nano actually comes in two versions - a $100 devkit for developers and a $130 production ready module for companies looking to utilize it to create mass-market systems. Nvidia says it can run several neural networks on each sensor stream, process many sensors in parallel and support high-resolution sensors and many popular AI frameworks.


Specs of the AI device includes:
Linux for Tegra - OS SupportGigabit Ethernet connectivity4 GB 64-bit LPDDR4 memoryQuad-core ARM A57 CPU 128-core Nvidia Maxwell architecture-based GPUVideo: 4K @ 30 fps (H.264/H.265) / 4K @ 60 fps (H.264/H.265) encode and decodeCamera: MIPI CSI-2 DPHY lanes, 12…

Apple Updates The iMac

Just after debuting two new iPads, Apple has updated its iMac line with up to 8-core Intel 9th-generation processors for the first time and Vega graphics options. This is a 2x performance boost, combined with Retina display, fast storage and memory, macOS Mojave and an all-in-one design.

The 21.5-inch iMac now features 8th-generation quad-core and 6-core processors for the first time, while the 27-inch iMac now for the first time features up to 9th-generation 6-core and 8-core processors. With Radeon Pro Vega graphics, the new 21.5-inch version and the 27-inch version will deliver up to 80% faster and 50% faster graphics performance - respectively - from the previous versions.


Other notable features of both iMacs include its Retina display - up to 14.7 million pixels, 1 billion colors, 500 nits of brightness and P3 wide color gamut - and a 5 millimeter-thin aluminum and glass enclosure. Set to hit stores next week, the new 21.5-inch iMac and 27-inch iMac would retail for $1,300 and $…

Toyota and Nvidia Collaborate For Self-Driving Tech

Toyota has tapped Nvidia for a collaboration to 'develop, train and validate self-driving vehicles', Nvidia announced on Monday at the on-going GPU Technology Conference (GTC) . This partnership builds on an already existing relationship with Toyota to utilize the Nvidia Drive "scalable AI platform for autonomous driving", and is based on collaboration between teams from Nvidia, Toyota Research Institute-Advanced Development (TRI-AD) in Japan and the Toyota Research Institute (TRI) in the U.S.

Nvidia says the agreement included the development of "an architecture that can be scaled across many vehicle models and types", boosting production and development timeline, and also "simulating the equivalent of billions of miles of driving in challenging scenarios."


“Our vision is to enable self-driving vehicles with the ultimate goal of reducing fatalities to zero, enabling smoother transportation, and providing mobility for all,” TRI-AD CEO Dr. James K…

Atlassian Snaps Up AgileCraft For $166 Million

Atlassian has announced an acquisition of AgileCraft - a Georgetown, Texas based provider of "enterprise agile planning software" - for $166 million: $154 million in cash, and the rest in restricted shares subject to vesting conditions. The acquisition is expected to close next month.

San Francisco based Atlassian's purchase of AgileCraft is expected to add approximately $1-2 million to the company's fiscal 2019 revenue. The 2013 founded company raised $10 million in funding from investors including private equity firm Crane Nelson, and former Bank of America senior executives Jim Kelly and Tim Arnoult.


This acquisition adds to Atlassian's notable buys, including a $295 million purchase of OpsGenie September last year and a $425 million purchase of Trello in 2017. “As Atlassian tools spread through organizations, technology leaders need better visibility into work performed by their teams. With AgileCraft joining Atlassian, we believe we’re the best company to h…

Gett Reportedly Looking To Go Public This Year

According to the Financial Times, Gett - an Israeli based ride-hailing startup valued at $1.4 billion from a last year round - is planning an IPO this year, potentially joining Lyft and Uber which are expected to also go public this year. According to FT, Gett is planning a listing in either Israel or on the London Stock Exchange.

Citing CEO Dave Waiser, the FT reports Gett considered a listing after seeing that ride-hailing rival Lyft planned to go public, despite growing losses. “We will see how Lyft goes, we believe there’s a lot of public capital waiting for the [technology] darlings [Uber and Lyft], but we also believe that our business model makes sense,” Waiser said.


Citing a monthly profit chart, the Financial Times says Gett's global business lost $3.5 million in December, but expects to ink more than $1 million in Profit this December. It also says its more mature European business inked $2.4 million in losses but is projected to record a higher profit by the end of thi…

Apple Debuts Two New iPads

Ahead of a March 25 event expected to showcase its moves into subscription based software, Apple has unveiled two new additions to the iPad lineup: a new 10.5-inch iPad Air and 7.9-inch iPad mini. It says the new iPad Air comes with a 70% performance boost and twice the graphics capability of the previous version.

Features of the new iPads include:

iPad Air:
Apple Pencil SupportA12 Bionic chip'Advanced Retina display with True Tone technology' - nearly 20 percent larger (with over half a million more pixels) than the previous versioneSIM technology.


The features of the new iPad mini are also quite similar to the new iPad Air. Apple says the new iPad mini comes with three times the performance and nine times faster graphics than the preceding version. It also says it's "25 percent brighter and has the highest pixel density of any iPad".

Set to hit stores next week, the new iPad mini starts at $400 for the Wi-Fi model and $530 for the Wi-Fi + Cellular model, while …

Walmart Plans To Launch Budget Tablet

As confirmed to Bloomberg by a Walmart spokeswoman, the company is looking to launch a low-cost, kid-friendly tablet under its ONN store brand, potentially competing with the likes of Apple, Amazon, Samsung, Huawei and Lenovo which dominate the tablet market.

According to presentations "given by senior management at a recent meeting of the company’s suppliers" cited by Bloomberg, Walmart will make home goods and electronics a focus this year. Releasing a tablet might likely be a move to boost its electronics sales business.


Walmart wouldn't be the only retailer to enter the tablet market, The likes of Amazon and Britain's Tesco have also seen success with the release of popular tablets (Tesco discontinued its in 2015 after a management change).

Walmart's ONN store brand is mostly known for accessories like TV soundbars, headphones, charging cables, Bluetooth speakers and smartphone cases. It also counts a low-priced VR headset and camera among its inventory.



Investors Reportedly Call For A Do-Away With Lyft's Dual-Class Share Plan

According to the Financial Times, investors in Lyft, including pension funds, union and asset managers are calling on Lyft's board to do away with a proposed dual-class share plan, that'll give its founders majority control of the company - despite owning less than 10% of total shares together - in an IPO scheduled for soon time.

Earlier this month, Lyft unveiled its S-1 filing that revealed plans to form a new class of shares that'll carry 20 votes each. That'll give is founders - Logan Green and John Zimmer - major voting power that will surpass that allocated for their roughly 7% collective ownership of the company.


According to FT, the investment groups called for Lyft to stick to a single share calss with one vote each when it debuts on the public markets later this month. Failing that, they called for a “sunset” arrangement to do away with the extra voting rights in a seven year span. “Lyft is imposing unnecessary and uncompensated investment risk on potential s…

Facebook Preps New Detection Tech To Fight 'Revenge Porn'

According to a Facebook announcement, the company is testing a new detection technology to combat 'revenge porn', that involves an "emergency option (for users) to securely and proactively submit a photo to Facebook", with Facebook in turn creating a "digital fingerprint" of that image to prevent it from being shared on its platform.

Facebook says it'll expand this pilot over coming months so "more people can benefit from this option in an emergency". The company is also launching “Not Without My Consent,”, a "victim-support hub" in its Safety Center that it says was developed together with experts. It says victims of revenge porn will be able to find organizations and resources to support them, including steps that can be taken to get "non-consensual intimate images" off Facebook and prevent further sharing.


"We’re also going to make it easier and more intuitive for victims to report when their intimate images were s…

PagerDuty Files For IPO

PagerDuty - an SaaS company valued at $1.3 billion September last year - has filed its S-1, a public disclosure about IPO plans. This comes on the heels of Pan-African e-commerce company Jumia filing for its own IPO. PagerDuty's filing indicates it seeks to raise $100 million in its public debut, an amount often used as a placeholder that's subject to change.

San Francisco based PagerDuty says it has more than 10,800 clients, including Box, Okta, Slack and GoodEggs using its software. For the fiscal year ended January 31, 2018, it booked $79.6 million in revenue and a net loss of $38.1 million, compared with $56.6 million revenue and $29.8 million net loss in 2017.


The company says it intends to use its IPO proceeds for "general corporate purposes, including working capital, operating expenses, and capital expenditures". It's looking to trade under the ticker 'PD' on the New York Stock Exchange.



Jury Rules Apple Infringed On Qualcomm Patents

A San Diego jury has ruled in favor of Qualcomm concerning its on-going legal spat with Apple, awarding the chipmaker $31 million from Apple which it found in infringement of three Qualcomm patents. This gives Qualcomm the victory in a long legal dispute with origins last year when it sued Apple alleging it infringed patents related to enabling smartphones gain better battery life.

During a jury trial that lasted 8 days, Qualcomm requested Apple pay royalties of up to $1.41 per iPhone that violated its patents. "Today's unanimous jury verdict is the latest victory in our worldwide patent litigation directed at holding Apple accountable for using our valuable technologies without paying for them," Qualcomm General Counsel Don Rosenberg said in a statement. "The technologies invented by Qualcomm and others are what made it possible for Apple to enter the market and become so successful so quickly.


Apple in defense said it was "disappointed" with the jury…

NHTSA Seeks Public View On Robo-Cars With No Steering Wheel, Brakes

The U.S. National Highway Traffic Safety Administration (NHTSA) will seek public opinion on if self-driving vehicles should be allowed to move on streets without steering wheels or brake pedals, as they attempt to set the first legal limits for their design.

The organization will be seeking public view on a request by General Motors to operate a limited number of vehicles - on U.S. roads - without steering wheels and other human controls like a brake pedal and also that of Nuro - a self-driving startup that recently raised $940 million -  to operate a limited number of low-speed, autonomous delivery vehicles without human drivers.


This comes amid some existing fears concerning the adoption of self-driving technology, and also on the heels of Uber reportedly raising $1 billion in funding for its self-driving unit. Alphabet's Waymo is also said to be seeking outside investment.  The NHTSA is seeking input on a comprehensive list of questions about issues relating to operation of ve…

Royole Reportedly Seeking $1 Billion Funding

Royole - a China based maker of flexible displays - is seeking $1 billion in funding ahead of an IPO, according to a Bloomberg report. It says the company, last valued at $5 billion, is seeking a valuation of at least $8 billion for this round and that it seeks to increase its sales and marketing and research facilities, with new funding.

Bloomberg also reports the company is weighing an IPO, but hasn't come to terms with a listing destination. Royole grabbed headlines after unveiling the world's first foldable phone early this year. The company has put in $1.7 billion into a 1.1 million square feet manufacturing facility in Shenzhen that is now fully operational.


Royole traces its origins to three Stanford engineering graduates - Bill Liu, Peng Wei and Xiaojun Yu - who started the company in 2012. It manufactures advanced flexible displays, flexible sensors and smart devices and also provides intellectual property (IP) licenses and services for other producers of flexible di…

Uber Said To Near $1 Billion Funding For Self-Driving Unit

According to a WSJ piece, Uber is in talks to sell a $1 billion stake in its self-driving vehicle unit to a group of investors led by Softbank, the company's largest shareholder. The paper says the deal would value Uber's self-driving unit at between $5 billion to $10 billion, with Uber retaining a majority stake, citing people familiar with the plans.

This report comes just after Uber was reported to have burned through $20 million a month on self-driving efforts. A deal like this could allow Uber - which is heading for an IPO - involve outside investors in what counts as an expensive initiative. Prospective investors for a planned IPO may likely scrutinize expensive efforts which haven't fully launched into a stable business, as Uber, along with other notable names like Waymo, GM Cruise and Drive.ai, are yet to fully commercialize a self-driving service.


Uber CEO Dara Khosrowshahi ordered Uber to halt its autonomous cars from the road for much of 2018, but has indicated…

Apple Faces Antitrust Complaint From Spotify

Spotify is accusing Apple of allegedly squeezing rival music streaming services, claiming it "makes it harder and harder for companies" to offer rival streaming services "all for the sake of tilting the field to favor its own services and disadvantaging those it is playing against". Spotify's complaints include :
Apple charging a "discriminatory" tax (30% fee for in-app purchases)Apple not letting Spotify share various deals with its users, if it chose not to use its - IAP - payment systemApple not allowing an "upgrade to Spotify Premium with ease"Apple routinely rejecting "bug fixes and app enhancements that would improve user experience and the app’s functionality"Apple not letting Spotify get on the HomePod and Siri virtual assistant
It says the Cupertino, California based company imposes these rules to give "an unfair advantage over the many other services that are working hard to compete for fans"and that Apple's…

Avast CEO To Step Down

Vince Steckler, the long-time CEO - since 2009 - of cyber-security vendor Avast, is stepping down, the company announced on Wednesday. After 10 years on the job, Steckler will be replaced by Ondrej Vlcek, the company's current President of Consumer Business. He'll officially step down on June 30, but'll remain available in an advisory role for another year.

As CEO, Steckler guided Avast from under $20 million in annual revenue to more than $800 million. He led the company's notable acquisition of AVG technologies for $1.3 billion in 2016 and saw it through a successful IPO.


Likewise, Ondrej Vlcek who'll be replacing Steckler as CEO has been with Avast for over two decades. Starting as a developer in 1995, he rose to be CTO of Avast, and also architected the company's cloud-based security network for a newly announced Internet of Things (IoT) security solutions.

The Consumer Business unit led by Vlcek is currently the largest business unit at Avast. Avast went …

Jumia Files For IPO

Lagos, Nigeria based e-commerce company Jumia has filed for IPO on the New York Stock Exchange (NYSE), according to new SEC documents, confirming several reports of the company - last valued at $1 billion - looking to go public. According to the company's IPO prospectus, its revenue for 2018 was €130.6 million in 2018, up from €94.0 million in 2017, but amid losses of €170.4 million in 2018, up from €165.4 million in 2017.

It says it had 4 million active customers as of December 31 2018, up from 2.7 million a year earlier. Its GMV (gross merchandise volume) in 2018 was €828.2 million. The Jumia Group is the leader in the African e-commerce market, with 13 million packages handled in 2018. It operates in 14 countries, with access to a population of 700 million.


In addition to e-commerce, it also operates a widely used payment service - Jumia Pay - and logistics network in Africa. According to Crunchbase data, it has raised nearly $800 million in total funding, from investors inclu…

Most Read Posts

Apple Debuts Two New iPads

Ahead of a March 25 event expected to showcase its moves into subscription based software, Apple has unveiled two new additions to the iPad lineup: a new 10.5-inch iPad Air and 7.9-inch iPad mini. It says the new iPad Air comes with a 70% performance boost and twice the graphics capability of the previous version.

Features of the new iPads include:

iPad Air:
Apple Pencil SupportA12 Bionic chip'Advanced Retina display with True Tone technology' - nearly 20 percent larger (with over half a million more pixels) than the previous versioneSIM technology.


The features of the new iPad mini are also quite similar to the new iPad Air. Apple says the new iPad mini comes with three times the performance and nine times faster graphics than the preceding version. It also says it's "25 percent brighter and has the highest pixel density of any iPad".

Set to hit stores next week, the new iPad mini starts at $400 for the Wi-Fi model and $530 for the Wi-Fi + Cellular model, while …

Gett Reportedly Looking To Go Public This Year

According to the Financial Times, Gett - an Israeli based ride-hailing startup valued at $1.4 billion from a last year round - is planning an IPO this year, potentially joining Lyft and Uber which are expected to also go public this year. According to FT, Gett is planning a listing in either Israel or on the London Stock Exchange.

Citing CEO Dave Waiser, the FT reports Gett considered a listing after seeing that ride-hailing rival Lyft planned to go public, despite growing losses. “We will see how Lyft goes, we believe there’s a lot of public capital waiting for the [technology] darlings [Uber and Lyft], but we also believe that our business model makes sense,” Waiser said.


Citing a monthly profit chart, the Financial Times says Gett's global business lost $3.5 million in December, but expects to ink more than $1 million in Profit this December. It also says its more mature European business inked $2.4 million in losses but is projected to record a higher profit by the end of thi…

Volvo Debuts Speed-Limit Setting Key

Following Volvo's move to set a 180km/h top speed limit on all its vehicles beginning 2020, Volvo has unveiled the Care Key, a device that allows users of its vehicles to set a speed limit for themselves, family members or friends. The Care Key will become standard on all its vehicles beginning 2021.

The device lets Volvo drivers set limitations on their car's top speed before use, or lending to acquaintances, tackling the issue of over-speeding on roads. In addition to capping speed, Volvo says it's currently courting insurance companies in several markets "to conversations" to offer favorable, special insurance packages to drivers using its safety features.


Volvo says it expects to announce the first of such agreements with national insurance firms soon. “We believe that a car maker has a responsibility to help improve traffic safety,” Volvo CEO Håkan Samuelsson said. “Our recently announced speed limit fits that thinking and the Care Key is another example. M…

Nvidia Debuts $100 AI Computer

Nvidia has unveiled the Jetson Nano, a new $100 AI computer that delivers 472 GFLOPS of computing performance for running AI workloads, and is power-efficient, consuming as little as 5 watts. Nvidia CEO Jensen Huang unveiled the device at the on-going GPU Technology Conference, where the company also announced a self-driving collaboration with Toyota.

The Jetson Nano actually comes in two versions - a $100 devkit for developers and a $130 production ready module for companies looking to utilize it to create mass-market systems. Nvidia says it can run several neural networks on each sensor stream, process many sensors in parallel and support high-resolution sensors and many popular AI frameworks.


Specs of the AI device includes:
Linux for Tegra - OS SupportGigabit Ethernet connectivity4 GB 64-bit LPDDR4 memoryQuad-core ARM A57 CPU 128-core Nvidia Maxwell architecture-based GPUVideo: 4K @ 30 fps (H.264/H.265) / 4K @ 60 fps (H.264/H.265) encode and decodeCamera: MIPI CSI-2 DPHY lanes, 12…

Toyota and Nvidia Collaborate For Self-Driving Tech

Toyota has tapped Nvidia for a collaboration to 'develop, train and validate self-driving vehicles', Nvidia announced on Monday at the on-going GPU Technology Conference (GTC) . This partnership builds on an already existing relationship with Toyota to utilize the Nvidia Drive "scalable AI platform for autonomous driving", and is based on collaboration between teams from Nvidia, Toyota Research Institute-Advanced Development (TRI-AD) in Japan and the Toyota Research Institute (TRI) in the U.S.

Nvidia says the agreement included the development of "an architecture that can be scaled across many vehicle models and types", boosting production and development timeline, and also "simulating the equivalent of billions of miles of driving in challenging scenarios."


“Our vision is to enable self-driving vehicles with the ultimate goal of reducing fatalities to zero, enabling smoother transportation, and providing mobility for all,” TRI-AD CEO Dr. James K…

Volvo Outs In-Car Cameras To Tackle Unsafe Driving

Volvo has unveiled new in-car cameras that it says will help tackle drunk and distracted driving in its vehicles. These cameras will see its debut on Volvo vehicles early next year. Volvo says the in-car cameras in conjuction with other sensors will allow the car to intervene if "a clearly intoxicated or distracted driver does not respond to warning signals and is risking an accident involving serious injury or death".

The vehicle's intervention could involve limiting speed, alerting the Volvo on Call assistance service, and actively slowing down and safely parking the car as a final course of action. Examples of situations where the camera comes into effect include a complete lack of steering input for long periods, drivers who are detected to have their eyes off the road, extreme lane weaving and slow reaction times.


Details on the exact amount of cameras and their positioning in the interior of Volvo vehicles will be revealed later. Volvo also debuted a new speed-lim…

Rent The Runway Raises $125 Million, At $1 Billion Valuation

New York based clothing rental startup Rent the Runway has raised $125 million in funding co-led by Franklin Templeton Investments and Bain Capital Ventures, with participation from all existing lead investors, T. Rowe Price and Hamilton Lane Advisors. This round brings the total raised by the company to approximately $337 million and values it at $1 billion.

With this investment, Franklin Templeton portfolio manager Sara Araghi has been appointed to Rent the Runway's board, joining as the fifth female board member at the female-led company. The company says the new funding will enable it to accelerate subscription growth, infrastructure and broaden assortment and category offerings.


“Shared, dynamic ownership is a movement that Rent the Runway has pioneered over the last decade and we’re excited to continue to lead the market and innovate our subscription service,” Rent the Runway co-founder and CEO Jennifer Hyman said in a statement. "The apparel and accessories market is …

HP Debuts New VR Headset

At the HP Reinvent conference, HP unveiled a new VR headset - the Reverb, a new "grounds-up designed" headset with twice the resolution, two-thirds the weight and half the cost of of the preceding HP Mixed Reality VR Headset. With the debut of this new headset, HP says it worked on a device that addresses three pain points commonly associated with VR headsets: visual quality, comfort and worry-free deployment and support.

Weighing just 1.1. pounds, features of the HP Reverb include:
2160 x 2160 display 114-degree field of viewIntegrated headphonesDual microphonesPre-paired motion controllersWindows Mixed Reality and Steam VR supportBluetooth connectivityRemovable, cleanable facemask cushions


The new headset comes in two versions: a Consumer Edition and Pro Edition. Set for availability in April, they'll go for $600 and $650 respectively. The Pro edition comes with an additional 0.6m headset cable and a washable fabric face cushion, hence the price.



Atlassian Snaps Up AgileCraft For $166 Million

Atlassian has announced an acquisition of AgileCraft - a Georgetown, Texas based provider of "enterprise agile planning software" - for $166 million: $154 million in cash, and the rest in restricted shares subject to vesting conditions. The acquisition is expected to close next month.

San Francisco based Atlassian's purchase of AgileCraft is expected to add approximately $1-2 million to the company's fiscal 2019 revenue. The 2013 founded company raised $10 million in funding from investors including private equity firm Crane Nelson, and former Bank of America senior executives Jim Kelly and Tim Arnoult.


This acquisition adds to Atlassian's notable buys, including a $295 million purchase of OpsGenie September last year and a $425 million purchase of Trello in 2017. “As Atlassian tools spread through organizations, technology leaders need better visibility into work performed by their teams. With AgileCraft joining Atlassian, we believe we’re the best company to h…

Walmart Plans To Launch Budget Tablet

As confirmed to Bloomberg by a Walmart spokeswoman, the company is looking to launch a low-cost, kid-friendly tablet under its ONN store brand, potentially competing with the likes of Apple, Amazon, Samsung, Huawei and Lenovo which dominate the tablet market.

According to presentations "given by senior management at a recent meeting of the company’s suppliers" cited by Bloomberg, Walmart will make home goods and electronics a focus this year. Releasing a tablet might likely be a move to boost its electronics sales business.


Walmart wouldn't be the only retailer to enter the tablet market, The likes of Amazon and Britain's Tesco have also seen success with the release of popular tablets (Tesco discontinued its in 2015 after a management change).

Walmart's ONN store brand is mostly known for accessories like TV soundbars, headphones, charging cables, Bluetooth speakers and smartphone cases. It also counts a low-priced VR headset and camera among its inventory.