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Showing posts from November, 2018

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…

Mercedes-Benz envisions Empathy as Anchor for automobile Digital Transformation with its cooperative vehicle concept

"At Mercedes-Benz we are convinced that the digital transformation can only be designed successfully if it is deeply anchored within society. Humans and access to data must be at the heart of a digital transformation," Daimler's Head of Research for Future Technologies Jasmin Eichler says.

"That is why we are also working on solutions in the field of digitalisation which place the freedom, decision-making autonomy and individuality of human beings at their centre. We aim to create a balance between humans and technology. The approach we are following here is "Human first"." This signals the direction of Mercedes Benz concerning digital transformation hitting the automobile industry in full force.





At the FutureInsight event which held recently on 21 and 22 November in Berlin, Mercedes focused on empathy and trust as topics regarding inspiration for future mobility solutions and has showcased that in a cooperative vehicle concept with features such as …

Sweetgreen expands WeWork Delivery Partnership

Salad chain sweetgreen is widening a pilot program with WeWork that provides its members with free delivery through order ahead locations set across several WeWork locations in the U.S. Various locations in seven cities namely its homebase of New York, San Francisco, Washington, D.C., Boston, Philadelphia, Chicago and Los Angeles have been fitted with order ahead sweetgreen units as WeWork works on a plan to cover 50 of its locations with this service.

WeWork members and employees can order via sweetgreen's platform with a select of specific locations for pickup which sweetgreen drivers then deliver to. Sweetgreen recently raised $200 million in a round led by Fidelity at an over $1 billion valuation stating of the investment positioning it "to create a new food platform with expanded menu categories and innovative retail formats".


This counts as part of these efforts aimed for a boost in restaurant expansion, outposts, digital platform, blockchain tech and social impac…

Tesco and Volkswagen partner for development of EV charging network

British retailer Tesco and Volkswagen have teamed up for the development of what would count as the country's largest electric vehicle charging network powered by charging infrastructure provider Pod Point which will offer customers free charging for their vehicles using a normal 7kW charger or the use of a 50 kW charger for a cost in-line with market rates.

Over 2,400 charging bays will be rolled out across 600 Tesco locations within the next 3 years for this effort playing part in support of a transition to a low-carbon, clean air UK. It builds on Tesco's commitment made last year to 100% renewable electricity use by 2030.


As of current, charging infrastructure is available in 19 Tesco locations including stores in the regions of Bromley by Bow, Cefn Mawr, Elmers End, Haddington, Stourbridge, Sunderland Retail Park, Swansea Llansmlet, Watford and Woolwich among others.

Pod Point is already an official charge point supplier for major auto brands including Volkswagen, Jaguar …

Workday Records over 30% Revenue Growth from Previous Year with $743 million quarterly revenue

Cloud software company Workday recorded revenues of $743.2 million for its fiscal 2019 third quarter ended October 31, 2018 marking a 33.8% increase from the same quarter last year thanks to growth across its suite of enterprise products.

Subscription revenues for the quarter came at $624.4 million as per its recently released financial results also marking an increase of 34.7% from the same period last year. Operating cash flows for the quarter were $114.3 million while free cash flows came at $58.9 million.


Also in this period, Workday hit various milestones which includes going live on Adaptive Insights Business Planning Cloud in just 10 weeks building on its $1.55 billion acquisition of the company, unveiling its Workday People Analytics software, ranking number one on the Fortune Future 50 list recognizing global companies with the best prospects for long-term growth and holding of its 12th annual customer conference, Workday Rising, in Las Vegas along with its fifth annual Euro…

Dell Records Revenue Surge prior to Vote on Public Market Return

Dell Technologies reported a 15% surge in quarterly revenue this Thursday in what counts as its last financial disclosure prior to a vote on a VMware tracking stock deal that could see the company return to trading on the public markets.

Dell reported sales of $22.5 billion for the period ahead of voting by shareholders for a buyback of shares bound to to its 81% economic stake in VMware which would return the company to trading on the stock market without the process of a conventional public offering.


Dell recently increased its offer for VMware tracking stock to $23.9 billion or $120 a share which won backing from shareholders including including Icahn Enterprises chair Carl Icahn who had previously pushed against the deal and activist fund Elliott Management.

A jump in revenue for Dell's Client Solutions Group which consists of products like peripherals, PCs and tablets came at 11% and can be attributed to Microsoft's decision to end support for its Windows 7 OS in 2020. B…

GM President Dan Ammann taking up new role as head of Autonomous Vehicle unit

General Motors president Dan Ammann is now taking a new role as CEO of Cruise Automation, The company's autonomous vehicle unit as longtime lead and co-founder Kyle Vogt leads technology development now as president and chief technology officer. These new appointments announced by GM are effective beginning 2019.

Cruise has come into view as a leader in the autonomous vehicle space under Vogt's leadership spanning from its start in 2013 to its acquisition by General Motors 2 years ago. It has grown from 40 employees as of acquisition time to over 1,000 at its San Francisco headquarters and has also announced plans to expand into Seattle with the addition of 100-200 employees.


Ammann spearheaded the 2016 acquisition of Cruise and stands familiar with the company's team, business and technology. Among other global responsibilities, He oversaw GM's relationship with Cruise which has grown from a $581 million acquisition to a $14.6 billion post-money valuation after a rec…

Gear up for launch of "Mutant Year Zero: Road to Eden" on the 4th of December

Tactical adventure game Mutant Year Zero: Road to Eden will launch on the 4th of December globally for the PC, Xbox One and PS4 bringing what counts as "a game combining the tactical, turn-based combat of XCOM with real-time stealth and exploration of a detailed, post-human world."

Gamers who get their hands on the new title will play as a team of mutants in a world damaged by nuclear war, pandemics, and climate change where they'll explore in real-time and traverse for scraps and resources to assist their settlements.



In the process of exploring, Players will face enemies as the game switches to tactical turn-based mode bringing a fun experience involving battles and various challenges. Based on the the Swedish pen-and-paper RPG Mutant Year Zero, stealth and planning are key to taking on enemies in this new title, attacking the enemy head-on as done in most turn-based tactical games is not suited for the Road to Eden.

A sneak up on the enemy will serve better in a worl…

Asana nabs $50 million Series E round at $1.5 billion valuation

Asana, the collaboration software startup founded by Facebook co-founder Dustin Moskovitz and early employee Justin Rosenstein has raised $50 million in Series E funding led by Generation Investment Management with participation from existing investors 8VC, Benchmark Capital and Founders Fund and new investors Lead Edge Capital and World Innovation Lab.

This round which brings the total raised by Asana to $125 million this year came at a valuation of $1.5 billion marking a new entrant into the unicorn club. San Francisco based Asana with more than 50,000 paying enterprise customers and millions of free enterprise users across 195 countries has now raised $213 million in total since founding.



It aims to use its new funding to fuel continued growth focused on key areas of Enterprise Scale, Global Expansion and Product Innovation as per its statement. These areas specifically include expansion of global infrastructure with the opening of a new data center in the German city of Frankfurt…

Microsoft secures $480 million contract to supply U.S. Army with HoloLens units

Microsoft has secured a $480 million deal with the U.S. Army to supply prototypes for augmented reality systems for use in training and in combat missions according to Bloomberg citing official confirmation from a company spokesman.

This deal could eventually lead to the purchase of 100,000 of Microsoft's HoloLens AR headsets according to Bloomberg and is aimed to “increase lethality by enhancing the ability to detect, decide and engage before the enemy,” quoting a government description of the initiative.





"Augmented reality technology will provide troops with more and better information to make decisions. This new work extends our longstanding, trusted relationship with the Department of Defense to this new area,” a Microsoft spokesperson said in an emailed statement to Bloomberg.

The HoloLens is one of the leading hardware in the consumer AR space with 50,000 sold according to a video made for the European Patent Office this spring but counts itself in a market not so larg…

Box reports Record Revenue and lesser-than-expected Losses amid Customer Growth

Cloud storage company Box reported lesser-than-expected losses for its fiscal 2019 third quarter as it inked a record $155.9 million in revenue thanks to over 40% growth in deals greater than $100,000 and addition of new customers bringing its total to over 90,000.

Net loss for the same period came at $40.2 million ($0.28 a share) as compared with $42.9 million ($0.32 a share) a year earlier. Its customer base is up from 87,000 the previous quarter to the 90,000 figure thanks to new and expanded deals with the likes of 23andMe, BBVA Compass, Mizuho Bank, National Bank of Canada, Radian Group, Shiseido Company, and Sunbelt Rentals.


During this quarter, Box hosted the eight annual BoxWorks conference that lured a record number of Fortune 1,000 attendees, announced updates to Box Tasks and Automations, launched the general availability of the Box for Gmail add-on and the beta of the Box for G Suite integration, announced support for custom-trained AI models for Box Skills and also added…

Deliveroo reportedly looking to raise $400 million at a $4 billion valuation

Deliveroo is said to be seeking more investment into hundreds of millions at a valuation of between $3 billion - $4 billion on a raise of between $350 million - $500 million as per a recent report from Sky News amid reported acquisition interest from Uber.

As per Sky, This fundraising doesn't stand as urgent with Deliveroo still sitting on hundreds of millions in cash from previous rounds. The company was last valued at $2 billion after a $385 million round Series F round last year September led by Fidelity, It has raised over $800 million in funding till date.


A September report indicated of Uber having an interest in acquiring U.K. based Deliveroo to boost its share in the food delivery market which stands as a main part of the company's business alongside ride-hailing. Sky says persons close to Deliveroo have suggested of no active talks between both companies although anticipation stands concerning renewed interest from Uber.

Deliveroo more than doubled revenue to £277 mi…

Here are 10 things to know about the Pixel Slate and its separately sold Keyboard

The Pixel Slate tablet bundled with Google Assistant became one of the newest members of the Made by Google hardware family earlier this fall as consumers got a uniquely designed device powered by Chrome OS packed with a long-lasting battery for getting work done on the go.

The Pixel Slate is now available for purchase and letting customers know of its key features is an important thing to do. A list of 10 things to know about the Pixel Slate and its separately sold Pixel Slate Keyboard as highlighted by Google is presented below:

It's Comfortably handheld : Weighing in at 1.6 lbs and 7 mm thin, it has a slim profile coupled with a curved glass which makes it easy to hold.It gives a state-of-the-art viewing and gaming experience thanks to the new Molecular Display feature that delivers a sharp picture paired with dual front firing speakers for the best experience.It helps get work done from anywhere with multitasking features like split screen and draggable tabs. An attachment of …

EV charging provider Chargepoint raises $240 million Series H round

EV charging network Chargepoint has secured $240 million in Series H funding from a diverse set of investors ranging from early market to institutional investors across the VC, financial, manufacturing, oil and gas, energy, utility, technology and automotive sectors.

These include lead investor Quantum Energy Partners, American Electric Power, Canada Pension Plan Investment Board, Chevron Technology Ventures, Clearvision, Daimler, GIC and existing investors BMW i Ventures, Braemar Energy Ventures, Linse Capital, and Siemens.


Campbell, California based Chargepoint has now raised over $500 million in funding with this latest coming just over a year from a Series G round that fueled the company's move into the European market. Chargepoint counts over 57,000 independently owned public and semi-public charging spots and thousands of customers including businesses, agencies, cities and service providers across its network.

It designs, develops and manufactures the hardware and software…

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…