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…

Quantum Computing startup Rigetti revealed to have raised $119 million extra Series C investment

image credit : Rigetti

Rigetti Computing, The SF based quantum computing startup known for developing full stack technologies used in the deployment of quantum operations into existing cloud infrastructure has now been revealed by a Bloomberg article to have raised $119 million in extra funding, $50 million of which came in a quiet VC deal made last year as the company aims to put more resources into delivering its quantum platforms and hardware.

Rigetti stands as one of the most funded startups and also being recognized by X-Prize founder Peter Diamandis as being one of the 3 leaders alongside IBM and Google in the quantum computing space.

This investment now brings the total known funding raised by the 5 year old company to around $188 million so far. Rigetti remains a prominent firm in the field with its team comprised of notable physicists and mathematical researchers from the likes of NASA, Raytheon, Stanford, UC Berkeley and others.


image credit : Rigetti





Even with high expectations for the quantum computing industry, Rigetti is actually lowering the expectation bar for everyone with the well-funded company now embarking on a challenge to solve problems conventional computers can not even if solved cheaply and more faster than one.

So far, It hasn't seen much luck with that but is still putting efforts to make this work as one of the main companies in its field.

“Right now, what we’re focused on is the pursuit of quantum advantage,” said the company’s eponymous founder Chad Rigetti. “Quantum computing doesn’t have the smoking gun, ‘holy shit, you’ve changed my business,’” he said. If it gets there, “the effect will not be subtle,” He said.

Chad being an expert in the field having spent 7 years earning a Ph.D. in applied physics from Yale University and also being a former researcher at IBM's own quantum computing group.

Rigetti has been backed by the likes of Andressen Horowitz, Y Combinator, Bloomberg Beta, Sutter Hill Ventures, Streamlined Ventures, Berggruen Holdings, AME Cloud Ventures, Tim Draper and several other notable VCs for its quantum computing development with the startup making notable progress as of current with the announcement of a quantum cloud computing platform called Forest 1.0 June last year along with testings of eight-qubit computers in recent times.





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…

Ex Smart Lock Startup CEO Joins Apple's Home Division

Sam Jadallah, a former Microsoft executive also known for leading now shuttered smart lock startup Otto, has joined Apple where he'll be leading its smart home initiatives, according to a CNBC report. Jadallah has also confirmed a move to Apple via his LinkedIn profile, which lists his role at Apple as "working on Home".

Just recently, Apple purchased PullString, an AI voice startup that specializes in voice enabled tech. Coupled with Jadallah's hire, it could signal big plans by the company to cement a hold in the smart home market. Apple already has several products targeted at the home, including HomeKit, its software service that enable users set up iOS devices to control compatible smart home appliances, and the HomePod, a smart speaker that competes for market share with the Amazon Echo and Google Home speakers.


Jadallah's now closed startup Otto, bet on customers paying $700 for a smart lock created by a team of engineers who hailed from the likes of GoPr…

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…

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…

GoCardless Nabs $75 Million Series E Round

U.K. online payments startup GoCardless has announced $75 million Series E funding, led by new investors Adams Street Partners, Alphabet's GV and Salesforce Ventures, with participation from existing backers Accel, Balderton Capital, Passion Capital and Notion Capital. The Y Combinator alum has now raised $123 million in total funding.

It says it now processes $10 billion in annual transactions, with 40,000 businesses making use of its service worldwide. By the end of this year, GoCardless will operate in 35 countries and nine bank debit schemes, across the UK, Australia, Europe and North America. It also plans to get into the US market this Spring.


GoCardless was launched in 2011 by current CEO Hiroki Takeuchi and fellow entrepreneurs Tom Blomfield and Matt  Robinson. The company's founding team has quite a Midas touch, with Blomfield going on to create UK digital banking unicorn Monzo and Robinson moving on to launch Nested, a real estate startup backed by £165 million ($21…