Skip to main content

Y Combinator Backed Nebia Unveils New Shower System

Nebia, a 2014 founded, San Francisco based, Y Combinator and Apple CEO Tim Cook backed startup, known for its shower system which it says uses up to 70% less water than conventional ones via a unique "water droplet technology that atomizes water", has unveiled a new version dubbed the Nebia Spa Shower 2.0, this time, promising more heat, more power and more water coverage.

Nebia has taken to Kickstarter, the same spot it debuted the first Spa Shower, raising $3.1 million from over 8,000 backers in 2015. Now on Kickstarter with the Spa Shower 2.0, Nebia has garnered more than $600,000 - 600% of its $100,000 funding goal - just a day after launch.



For summary, Nebia 2.0 keeps all features from the first version - like a sliding arm, megnetic dock and head tilt - but promises 3x faster water droplets and 2x more water coverage for users, coming in multiple colors to match various bathroom designs. Nebia says the new shower system is compatible with 95% of U.S. homes, up from 6…

Alphabet takes stake in Oscar Health with $375 million investment

Oscar


NY based healthcare startup Oscar has now gotten a $375 million investment from tech giant Alphabet boosting the total raised by Oscar notable for its health insurance product offerings to about $1.3 Billion across several rounds.

Notably founded by a team consisting of its current CEO Mario Schlosser, Kevin Nazemi and Joshua Kusher (brother of Jared), Oscar has grown to a very good position since its founding 5 years ago garnering backing from the likes of Khosla Ventures, 8VC, Fidelity, General Catalyst, Breyer Capital, Thrive Capital, Goldman Sachs, Stanley Druckenmiller and several notable names, Oscar has grown from just from offering its service to individuals to several business offerings for the healthcare industry.

The New York based startup last raised $165 million prior to this round March this year at a valuation around $3 Billion which remains similar to this one while giving Alphabet a roughly 10% stake in Oscar.

Longtime Google executive and former YouTube CEO Salar Kamangar would be joining Oscar's board representing Alphabet as part of this investment.






In a new Wired Interview, Oscar's CEO Mario Schlosser stated "We’re humbled that Alphabet’s coming in. We raised our first round of funding from Capital G three years ago and since then they’ve been following us closely, seeing what we’ve been building, and Alphabet has come to the conclusion that they want to put more behind the company."

Continuing "It’s fantastic for us because it will really allow us to focus fully on the core model we’ve been building for the past six years, which is: use technology, use data, use design, use a human approach to build a very different health care experience. And that’s what this allows us to do."

 "We weren’t out there trying to raise additional money. We raised a round a couple of months ago. But Alphabet has just been talking to us for the past three years, and it took them awhile to get to the point where they really said, “This is something we believe in and want to put more money behind.”

Google being a major player in the data space would stand as a strategic partner for Oscar as its parent company Alphabet joins hands with the company to make use of in-depth healthcare data to tap into what has been a quite confusing and not yet fully harnessed industry.

Previous reports have put Oscar as expecting to generate $1 Billion in revenue and 250,000 additional members this year which stands as a very good feat for the innovative health insurance startup.




Comments

Most Read Posts

VW And Ford Reportedly Apart On Investment In Ford's Self-Driving Unit

Volkswagen and Ford, amid reports of the former mulling an investment in Ford's autonomous vehicle unit, are said to be in dis-agreement on the amount to be invested, with Ford seeking at least $500 million, after seeking an earlier $1 billion. Reuters reports this, citing people familiar with the negotiations.

Reuters says Volkswagen has resisted agreeing to invest in Ford's self-driving unit, instead preferring to announce a collaboration on this area. It says some of he hesitation comes from questions about Ford's self-driving technology. Volkswagen CEO Herbert Diess previously said that both companies have not officially decided to collaborate on self-driving cars, a field he termed as one with "still a lot of hype".


Shortly after, both companies announced an alliance on development of commercial vans and pickup trucks, a market that makes up high amount of revenue in the automobile scene. According to Reuters, another issue in the investment talks is how bo…

Johnson & Johnson To Acquire Auris Health For $3.4 Billion

In sync with a previous report, Johnson & Johnson has announced it'll be purchasing surgical robotics Auris Health for $3.4 billion in cash, and additional payments of up to $2.35 billion tied to certain milestones. New Jersey headquartered Johnson & Johnson is acquiring Auris Health via its subsidiary, Ethicon, with a purchase price of $3.4 billion marking one of the largest exits in the medical technology market.

Auris will complement Johnson & Johnson's acquisition of Orthotaxy’s robotic technology for orthopaedics and the continued development of the Verb Surgical Platform, via a strategic partnership with Alphabet's Verily. Auris which develops robotics tech for medical applications, is backed by notable names like Viking Global, Coatue Management, Lux Capital, Wellington Management and Highland Capital.


The company has raised $730 million in total funding according to Crunchbase data, last valued at about $2 billion from a previous round. “We’re thrilled…

DJI Debuts Improved Geo-Fencing System Across Europe

On the heels of the Gatwick Airport drone disruption, DJI has debuted an improved geofencing technology across Europe that'll prevent its drones from flying too close to major airports in 32 European countries. This includes the 13 countries already covered by DJI's first geo-fencing system (the use of RFID or GPS technology to place a virtual geographic boundary, enabling software to activate a response when a device enters or leaves a particular area) and 19 new countries that previously didn't have this feature.

The new system - Geospatial Environment Online (GEO) 2.0 - operates by creating three-dimensional “bow tie” safety zones bordering runway flight paths, now using complex polygon shapes around sensitive facilities compared with just simple circles used in earlier versions. DJI has chosen Unmanned Traffic Management (UTM) software provider Altitude Angel as a partner to deliver geospatial data for airports, no fly zones and other sensitive areas in the European c…

GM Cruise Is Short Of Self-Driving Miles Predictions

According to a report released on Wednesday by the California Department of Motor Vehicles (DMV), GM Cruise, General Motors' self-driving unit, clogged 450,000 self-driving miles all of last year in California where it does the bulk of its testing. This falls short of a prediction made by Cruise co-founder and then CEO Kyle Vogt 14 months ago, when GM told investors it was on the edge of putting 1 million miles on its self-driving test cars each month.

According to the report, self-driving leader Waymo clogged 1.2 million test miles in California in all of last year, a more than triple from 352,000 miles in 2017. But for consideration, Cruise was launched in 2013 compared to Waymo which clocks a decade old this year. Along with this two, other companies that test self-driving cars in the state of California include Nuro - which just raised $940 million from Softbank, TuSimple - which just raised $95 million Series D funding, Apple, Bosch, Baidu, Aurora, Ford, AutoX, Honda, Lyft, …

Flexport Reportedly In Talks To Raise $500 Million Softbank Led Round

Flexport - a San Francisco based freight forwarding and customs brokerage startup, valued at over $1 billion from a $100 million investment by China's SF Express, made in April 2018 - is said to be raising around $500 million in a Softbank-led round, that would mark the Japanese based tech conglomerate's third consecutive investment in a week span, after autonomous delivery startup Nuro and UK fintech OakNorth.

Axios reports this, citing a source that says Flexport may be valued at around $3 billion with this round. It however states that a final investment could be smaller if both parties - Flexport and Softbank - gets concerned about CFIUS (Committee on Foreign Investment in the United States) approvals.


Flexport has already raised $300 million in funding according to Crunchbase data, from investors including Founders Fund, Bloomberg Beta, DST Global, First Round Capital, Alrai Capital and Y Combinator. Founded in 2013, the company provides global logistics services like ai…

Germany Is Lengthening Electric Company Car Tax Incentives

Germany is set to lengthen tax incentives for electric company cars, the country's Finance Minister said to a newspaper on Saturday. This is likely another attempt to boost demand for clean vehicles, after a diesel emissions cheating scandal that has rocked the auto industry, a significant one in Germany, where several automakers including Volkswagen and Daimler are headquartered.

“Half of all cars sold in Germany are company cars,” German Finance Minister Olaf Scholz said to the Frankfurter Allgemeine Sonntagszeitung newspaper. “So I have decided that we will not end tax support for electric cars and plug-in hybrid company cars in 2021 but extend them maybe over the whole decade,”.


He also said that the rules for plug-in hybrids would be tensed, so that only cars able to journey on electric power further than they do currently would be eligible. Since January, persons who ride electric company cars - in Germany - which they also use for private journeys pay less tax than compare…

Uber Sues NYC Over Cap On Number Of Allowed Drivers

Uber is taking New York City to court over a decision to limit the number of ride-hailing drivers allowed on the streets. As reported by Bloomberg, Uber is expected to file the suit this Friday, arguing that the city doesn't possess enough evidence to prove a claim of limiting the number of ride-hailing drivers as a way of lessening congestion.

The San Francisco headquartered company is also alleging that New York Mayor Bill de Blasio is treating the business unfairly, stating that the mayor for five years running, doesn't intend to take a look at ongoing congestion studies on their merits but has instead already bind to constantly limit the number of drivers in the city.


Uber also argues that the City of New York is overriding the state's authority to place a limit on the number of professional drivers allowed on the road. It says a limitation “will have a disproportionate impact on residents outside of Manhattan who have long been underserved by yellow taxis and mass tr…

Amazon To Acquire Home Mesh WiFi Startup, Eero

Just days after revealing it spent a total of $1.65 billion on acquisitions in 2018, Amazon has announced it's acquiring Eero, the popular maker of home mesh WiFi systems that makes use of multiple access point to surround homes with fast and reliable WiFi coverage all on a single network.

Amazon has previously acquired video doorbell company Ring and home security camera maker Blink, marking this as another addition to its hardware line, one that's key for use of its virtual assistant, Alexa. How much Amazon paid for Eero is not disclosed, but for a hint, Eero last raised $50 million Series C funding in 2016, at a roughly $278 million valuation, according to Pitchbook data.


The San Francisco based company has raised some $90 million in funding according to Crunchbase data, from investors including Andy Rubin's Playground Global, First Round Capital, Menlo Ventures, StartX, Slow Ventures, Shasta Ventures, Grishin Robotics and Redpoint.

“From the beginning, eero’s mission …

Kroger Unveils Mobile Payments App And New Rewards Debit Card

Kroger - the largest grocery chain in the U.S. - has announced a new mobile payments method, "Kroger Pay", a solution that is says "securely combines a customer's payment and loyalty card information to create a faster checkout experience". Kroger Pay is available or iOS and Android devices will work this way :

A customer - who has linked a card with the app - enters their custom PIN  or bio-metricsThe app provides a single-use QR code to scan at the checkout terminal to quickly link with payment and loyalty card information (including digital coupons and personalized offers) Checkout is done
The new payment method has launched in Kroger's Columbus, Ohio division, and will roll out to 10 additional markets in the spring. A nationwide launch is planned for later this year. Kroger is also launching a new rewards debit card, a payment option that connects directly to a customer's checking account, offering benefits like bonus fuel points and Our Brands dis…

The New BMW X3 M

For those who closely follow the auto industry, You might be familiar with the recent debut of the all-new BMW X3 M and the BMW X4 M mid-size SUVs alongside their Competition variants. Here we are focusing on the X3 M, whose features include :
Seating for 565 liter fuel tank capacity7 liter engine oil capacity2500 kg maximum permissible weightA 2864 mm WheelbaseAdaptive M suspensionM TwinPower Turbo engine technologyElectrically adjustable sports seatsVernasca leather upholsteryLED headlightsDriver assistance systems (optional)


20-inch M light-alloy wheels.250 km/h top speed / 285 km/h (with optional M Driver's Package)0-100 km/h acceleration in 4.1 seconds5.3 (power-to-weight ratio)A map-regulated oil pumpThree-point inertia-reel (a reel device that allows a vehicle seat belt to unroll freely but locks it under force of impact or rapid deceleration) seatbelts.Crash sensorsA tyre pressure indicatorM compound brakes with four-piston fixed callipers and drilled, inner-vented discs

Th…