Skip to main content

Posts

Showing posts from February, 2019

Fastly Files For IPO

Fastly -- a San Francisco based content delivery startup that has raised $219 million in funding according to Crunchbase data and counts the likes of Stripe, Github, Airbnb, Pinterest, Audi, Buzzfeed, Ticketmaster, Vice, Spotify, and Reddit as customers -- has filed for a public offering on The New York Stock Exchange (NYSE). The company intends to list Class A common stock under the ticker "FSLY".

Fastly's S-1 filing revealed some key stats about its operations. They include:
$530,000 average revenue from each of its enterprise customers227 enterprise customers in 2018, up from 170 in 2017 1,582 total customers in 2018, up from 1,439 in 2017$144.56 million revenue in 2018, up from $104.9 million in 2017$29.1 million loss in 2018, down from $31 million in 2017$37 million cash and cash equivalents held as of December 31, 2018$50.1 million sales and marketing spend in 2018, up from $40.8 million a year earlier$34.6 million R&D spend in 2018, up from $29 million in 2017

BMW's Two-Man Bobsled Prototype Passes Test Rides

A two-man bobsled being developed by BMW in preparation for the 2019/2020 Bobsleigh World Cup has hit past test rides, with "promising results" as stated by BMW. It says the sled concept - one it's not particularly known for, being focused on the automobile market - developed using computer simulations and tested at the BMW Aerodynamic and Research Center has proven successful.

Its development phase lasted ten months, with double bobsled Olympic champion Francesco Friedrich, world champion Johannes Lochner and junior world champion Christoph Hafer on the steering handles. According to BMW, a measuring system provided by its Motorsport division and modified for bobsleds was responsible for the tests.


While many of us might not be familiar with bobsledding, it's a really interesting sport to catch fun with. Bobsledding is very much present at the Winter Olympic Games that holds every four years from its last interval. The next Winter Olympics will be holding in 2022, …

Uber, Lyft Reportedly Plan To Offer Drivers Shares In IPOs

According to the Wall Street Journal, Uber and Lyft are planning to offer some drivers cash bonuses to purchase stock in their upcoming initial public offerings, a move that'll enable access to two of the hottest IPOs expected to take place this year. The paper says the companies' longest-serving drivers will be getting cash awards, with an option to put it towards purchase of shares in the IPOs.

It says Uber is planning bonuses for a “significant” portion of its 3 million drivers, while Lyft plans to issue $1,000 bonuses to drivers who have completed at least 10,000 rides on its platform, and as much as $10,000 to those who have done 20,000 rides. Such statistics indicates that only a minority of Lyft drivers would be eligible for the bonuses.


In the past, Uber has been reported to be mulling issuing shares to its driver, while being met with resistance from regulators because its drivers are classed as contractors rather than employees. The San Francisco based company - whi…

Fitbit Health Unit To Hit $100 Million In 2019 Revenue

At a recent earnings conference call, James Park, co-founder and CEO of Fitbit - the popular wearables brand that recently launched a new tracker available via corporate plans - said that the company's Health Solutions division, which focuses on healthcare providers and enterprises, will deliver $100 million in 2019 revenue.

This is just two years after the division was launched to tap into a new market amid falling sales of consumer devices. Fitbit also says it plans to add more software and services and launch a paid premium service later this year. "We believe there is a significant opportunity to leverage investments that we make in our consumer-facing business to drive B2B revenue to our Fitbit Health Solutions business..." CEO James Park said.


"...We are steadily building momentum in our FHS (Fitbit Health Solutions) business. More than 6.8 million Fitbit users including employees of several Fortune 500 companies have connected their data into the (its) popul…

Mike Cagney's Figure Raises $65 Million Series B Round

Figure - a startup led by Mike Cagney, a co-founder and former CEO of $4.3 billion valued online lender SoFi - has raised $65 million in Series B funding, boosting its total raised to $120 million in just 2 years of operation. This round values the company at $365 million - according to Bloomberg, about double its previous valuation.

RPM Ventures and partners at DST Global led the round, with participation from the likes of Nimble Ventures, Morgan Creek, DCM, DCG and Ribbit Capital. With Mike Cagney continuing in the online lending industry, Figure makes home equity loans, which it says it does in as little as five days via blockchain technology.


The company says other lenders plan to make use of its in-house blockchain tech to begin providing loans by mid-2019. In addition to home equity loans, Figure also operates Figure Home Advantage (FHA), a solution that enables customers reverse their mortgages. This is done by selling their homes to Figure, getting cash up front and then payi…

Samsung Kicks Off Mass Production Of 512GB Storage Chip

Samsung has announced that it has begun mass production of a 512-gigabyte (GB) embedded Universal Flash Storage (eUFS) 3.0 chip for mobile devices, one it says delivers twice the speed of the preceding eUFS 2.1 version. The company says the new storage solution is 20 times faster than a conventional microSD card, with:
Sequential read speed of 2100 MB/sSequential write speed of 410MB/sRandom Read Speed of 63,000 IOPS andRandom write speed of 68,000 IOPS

For example, Samsung says it successfully transferred a 3.7GB full HD movie file from a mobile device to a PC - using the 512GB eUFS 3.0 - in just three seconds, a non-conventional speed. The Korean tech giant also plans to debut a 128 GB version of the storage chip in soon time, with 1TB and 256GB versions to come in the second half of this year.

In recent times, Samsung has also caught the eyes of many with the debut of its 1 terabyte (TB) storage chip - a storage capacity previously unheard of for smartphones, and a foldable smartph…

Affirm Brings Its Payment Plan To Walmart

Affirm, the popular San Francisco based startup - valued at nearly $2 billion - known for its installment payment plans that enable consumers purchase goods at various online stores at full price, to pay later in 3, 6, or 12 monthly installments - has brought its payments option to a very notable retailer, Walmart.

Partnering with the largest retailer in the U.S., shoppers will now get the option of using Affirm to pay for purchases at Walmart's nearly 4,000 retail centers in the U.S. and also Walmart.com, its Amazon competing e-commerce site. Customers will first check eligibility through Affirm's site before they head into a Walmart store or do it while they shop, using their mobile devices or desktops.


Affirm will be available as a payment option on Walmart purchases ranging from $150 to $2,000, But select items including groceries, alcohol, tobacco, personal care and pharmacy won't have the payment option.

“Walmart serves millions and has become a leader in the retail…

FedEx Unveils Self-Driving Delivery Robot

Following the likes of Postmates and Amazon, FedEx has unveiled its own autonomous delivery robot - the FedEx SameDay Bot, one the company says is designed to help retailers make same day and last-mile deliveries. The courier delivery giant has partnered with companies like Lowe's, Pizza Hut, Target, Walgreens, AutoZone and Walmart for autonomous deliveries via the new robot.

The FedEx SameDay Bot was developed in collaboration with DEKA Development & Research, a firm led by Dean Kamen, an engineer popularly known for his invention of the Segway and the iBot electric wheelchair.



“The bot has unique capabilities that make it unlike other autonomous vehicles,” Kamen said in a press statement. “We built upon the power base of the iBot, an advanced, FDA-approved, mobility device for the disabled population with more than 10 million hours of reliable, real-world operation. By leveraging this base in an additional application, we hope that the iBot will become even more accessible …

Facebook To Usher In 'Clear History' Tool This Year

Facebook will be debuting a 'clear history' tool this year, its Chief Financial Officer David Wehner told the crowd at the Morgan Stanley Technology, Media & Telecom Conference. CNBC first reported of Wehner's comments. Wehner noted that the tool, first promised in 2018, will impact Facebook's ability to target advertisements.

"Broadly, [clear history is] going to give us some headwinds in terms of being able to target as effectively as before," He said at the conference. Facebook first announced this feature at its F8 developer conference in May 2018, with CEO Mark Zuckerberg stating that the feature would "be a simple control to clear your browsing history on Facebook -- what you've clicked on, websites you've visited, and so on."


"Once we roll out this update, you'll be able to see information about the apps and websites you've interacted with, and you'll be able to clear this information from your account," Zuc…

Walmart Acquires Israeli Startup Aspectiva

Walmart has acquired Aspectiva, an Israeli startup that develops solutions that analyse consumers' product reviews to assist online shoppers in making purchase decisions. The Israeli startup will be joining Store N° 8, an incubator set up by Walmart in 2017 to develop e-commerce solutions.

It'll continue to operate from its offices in Tel Aviv while housed under Walmart. Financial terms of Walmart's acquisition were not disclosed. The U.S. retailer says Aspectiva's tech will "further enhance the (its) end-to-end shopping experience".


This acquisition marks as Walmart's latest scheme with Israel based tech companies, having recently invested in Israeli cyber-security company Team8 and also committed $250 million for a joint venture with Israel based interactive video content developer Eko.

“Our team is extremely excited to be joining Store N° 8 and be part of Walmart’s most recent investment in Israel. Store N° 8’s record of innovation and of developing c…

Amazon Adds Ex PepsiCo CEO Indra Nooyi To Board

Amazon has named Indra Nooyi - the former CEO of beverage giant PepsiCo who led the company for 12 years, before stepping down in October 2018 - to its board. This comes shortly after the company added Starbucks COO and former Sam's Club CEO Rosalind Brewer to its board. Amazon's board is now 11 member strong, including CEO Jeff Bezos.

Nooyi's appointment ups the number of women on the company's board to five, almost equal to the number of male members - 6, after the Seattle based company faced criticism in the past for its male-dominated leadership. Nooyi joined PepsiCo in 1994, staying at the company for over two decades. In addition to now Amazon, she also serves on the boards of oilfield services giant Schlumberger, PepsiCo owned Sandora and non-profits Catalyst Inc and the Lincoln Center for the Performing Arts.


Nooyi will serve as a member of the Amazon board's audit committee, the Seattle based e-commerce giant said in a filing.




More on Amazon :
Amazon Says O…

Caesars Takes Stake In And Partners With DraftKings

Caesars - the Nevada based gaming corporation known for its many casinos - has partnered with DraftKings, a legal sports betting startup valued at $1.5 billion, taking an undisclosed stake in the company and agreeing to offer market access for its online gaming products. DraftKings will now promote Caesars Entertainment as an official casino resort partner in states where the companies will collaborate in.

Under the new agreement, Caesars will get a cut of DraftKings' gambling revenue in these states, while opening a new avenue for the company - a top leader in legal online sports betting - to expand reach. With this partnership, DraftKings should now be able to offer non-sports gambling like slots, roulette and online poker in states in the US that allow it.


"This alliance is the latest initiative by Caesars to capitalize on our database, generate a new revenue stream in a growth market and raise our profile in sports, in part by creating new sports-themed guest experiences…

Samsung Debuts Two New Mid-Range Phones

Samsung has unveiled to new mid-range Galaxy A smartphones - the Galaxy A50 and A30 - with a focus on the camera, among other specs. The new debuts are two among many smartphones debuted at the on-going Mobile World Congress (MWC) event. Features of the new smartphones are shown below :

Galaxy A50
6.4-inch FHD+ Super AMOLED display (edge-to-edge)4GB / 6 GB RAM64GB / 128 GB Internal StorageMicro SD (up to 512GB) support4,000 mAh batteryQuad 2.3GHz + Quad 1.7GHz processor25 MP main cameraFast charging technologySamsung Pay supportBixby support3D Glasstic designOn-screen fingerprint


Galaxy A30
6.4-inch FHD+ Super AMOLED display (edge-to-edge)3GB / 4GB RAM32GB / 64 GB Internal StorageMicro SD (up to 512GB) support4,000 mAh batteryDual 1.8GHz + Hexa 1.6GHz processor16MP main cameraFast charging technologySamsung Pay support3D Glasstic designFingerprint


The A50 comes in a smooth curved shape and slim design, available in Black, White, Blue and Coral colors. Pricing and availability information…

LG Debuts A Smartphone That Can Be Unlocked By Users' Veins

It seems facial and voice recognition and the use of fingerprint for smartphone security is not enough, If you feel it is, then LG has decided otherwise, debuting a new smartphone - the G8 - that can be unlocked via the user's veins, yes the user's veins. The G8 counts as the first known smartphone with advanced palm vein authentication, which LG says is made possible by the combination of a time-of-flight camera and infrared sensors.

LG's Hand ID - as named - identifies smartphone owners by recognizing the shape, thickness and other individual characteristics of the veins in the palms of their hands. The G8 also uses facial and fingerprint recognition for those who want to use it. Other features of the new smartphone include :


A Qualcomm Snapdragon 855 processor6.1-inch QHD+ OLED display (19.5:9 aspect ratio)6GB RAM / 128GB memorymicroSD (up to 2TB) supportAndroid 9.0 Pie OS3500mAh battery3G / 4G LTE-A network supportHand ID / Face Unlock / Fingerprint Sensor16MP Super Wi…

LG Debuts First 5G Smartphone

At the Mobile World Congress (MWC), LG has debuted the V50 Thin Q smartphone, an updated version of the V40 released in 2018, with support for 5G network, a Qualcomm Snapdragon 855 processor, a larger 4,000 mAh battery and a new heat dissipation system. In anticipation for the phone's debut, LG is partnering with 10 major carriers in markets where 5G service will launch this year, including the US, Australia, South Korea and a number of European countries.

Features of the LG V50 Thin Q include :
6.4-inch QHD+ OLED display (19.5:9 aspect ratio)6GB RAM / 128GB memorymicroSD (up to 2TB) supportAndroid 9.0 Pie OS3G / 4G LTE-A / 5G network support16MP Super Wide / 12MP Standard rear camera8MP Standard / 5MP Wide front camera183g weightUSB Type-C (USB 3.1 Compatible) / Bluetooth 5 / NFC / Wi-Fi 802.11 connectivityWater and dust resistanceGoogle Lens / Google AssistantFace RecognitionFingerprint sensorFM RadioFast-charging technology (Qualcomm Quick Charge 3.0)DTS:X 3D surround soundFull…

Microsoft Debuts New Cloud-Powered Kinect Developer Kit

Microsoft has debuted a new PC peripheral based on the Kinect, an original Xbox 360 accessory for motion sensing so players could control games with their hands or body. The company is packaging its work on the Kinect into a new developer kit dubbed Azure Kinect that'll let developers build AI algorithms.

The new kit comes with several AI sensors - its core being a time-of-flight depth sensor developed for the new HoloLens mixed-reality headset, a high-definition RGB camera and a 7-microphone circular array that'll enable development of computer vision and speech solutions with Microsoft Azure.


Microsoft cites an example of the Azure Kinect being applied in healthcare, with health-tech company Ocuvera building a solution to prevent patients from falling in hospitals. With the Azure Kinect, Microsoft says environmental precursors to a fall can be determined, allowing notified nurses to get to patients before they fall. Every year in the US, over 1 million hospital patients are…

Microsoft Debuts HoloLens 2

At the Mobile World Congress in Barcelona, Microsoft has unveiled the second version of its mixed-reality headset, the HoloLens 2, coming after the release of the first version 2016. As expected the new headset comes with enhanced features like:
More than double the field of view of the first HoloLensA new display systemA new time-of-flight depth sensorEye-tracking sensorsIris recognition for loginA new dial-in fit system (for comfort while wearing)Improved thermal managementA more balanced center of gravity, thanks to use of light carbon-fiber material and a new mechanism for putting on the device without readjusting



Features such as a holographic density of 47 pixels per degree of sight where maintained from the first version of the HoloLens. Coupled with mixed reality applications like Dynamics 365 Remote Assist, Dynamics 365 Layout and the new Dynamics 365 Guides, the new HoloLens provides a broad range of uses built specially for the headset.

Microsoft has also arranged a partner…

Most Read Posts

Right Now, You have a free copy of The Techie's first ever print Magazine - Access it here!

The Techie features the Oculus Go, Walks through Xiaomi's IPO and provides in-depth knowledge on a swath of tech products and occurences worldwide, Read the Digital Magazine in full screen below for the best experience;


A mag created with Madmagz.

Private equity giant Hellman & Friedman buys into home security startup SimpliSafe at a reported $1 Billion Valuation

image credit : SimpliSafe

Boston based home security startup SimpliSafe which provides self-installed security systems which are used by a huge number of homes in the U.S. has now sold a major interest in the company to Global private equity and investment giant Hellman & Friedman for an undisclosed sum which according to various sources values the company at a huge $1 Billion

The company which last raised $57 million in a Sequioa Capital led round and has been growing very well with the company counting over 300,000 customers as far as 2015 and a vast number of consumers currently making use of its suite of home security products.

This majority acquisition represents another move by Hellman & Friedman making huge acquisitions and bets in the technology space with the investment company's tech portfolio including notable companies like DoubleClick, Getty Images, Customer experience solutions company Genesys amidst other of its notable investments.

SimpliSafe will now conti…

Apple Reportedly In Talks With Potential Sensor Suppliers For Driverless Cars

According to Reuters, Apple has held talks with at least four companies who count as potential suppliers for lidar sensors for driverless cars while it still works on an its own lidar unit. The companies involved are not named in the report. Such a move could indicate Apple's renewed ambitions to get into the driverless vehicle market even after layoffs that affected more than 200 from its self-driving vehicle project in January.

Citing three persons familiar with the discussions, Reuters says Apple is seeking lidar units that would be cheaper, smaller and more easily produced on a mass scale that current technology. It says Apple is setting a high level with demands for a “revolutionary design”. Such effort may indicate Apple looking to develop the entire chain of hardware that'll power self-driving vehicles using custom tech.


Whether Apple wants to develop its own driverless vehicles or build hardware and software elements for self-driving vehicles is not yet known. Self-dr…

Uber ATG Raises $1 Billion From Toyota, Denso, and Softbank

Uber Advanced Technologies Group, the company's unit responsible for development of driverless vehicles has raised $1 billion in funding from Toyota, Denso, and Softbank Vision Fund. Toyota and Denso will put in $667 million into the round while Softbank Vision Fund funds the remainder $33 million. The investment values Uber ATG at $7.25 billion post money.

This investment comes on the heels of Uber filing for an IPO. It also further deepens an alliance with Toyota which invested $500 million in Uber last year August. Uber and the Japanese automaker have agreed to work on the deployment of modified driverless Toyota Sienna vehicles by 2021. Toyota will also contribute an additional $300 million over the next three years to help cover costs related to the development of these vehicles.


December last year, Uber received approval from the state of Pennsylvania to re-commence driverless vehicle tests on public roads months after a fatal crash that resulted in a pedestrian death. The …

Intel Opts Out Of 5G Modem Market

Intel has announced it's exiting from the 5G smartphone modem business, cancelling 5G modem products scheduled for launch in 2020. The company says it'll still continue to invest in its 5G network infrastructure business and complete an assessment of opportunities for 4G and 5G modems in PCs, IoT devices, and other data-centric devices.

Intel recently said it expects its 5G modem chips to not appear in phones until 2020. A now complete pull-out from the market might affect its biggest customer, Apple, although the iPhone maker recently settled a long legal spat with chipmaker Qualcomm (Intel's exit from the 5G modem market is a likely explanation for the sudden settlement). Both companies have reached a multiyear chipset supply deal and a six-year license agreement, including a two-year option to extend.


Intel will continue to meet current customer commitments for its existing 4G smartphone modem product line. “We are very excited about the opportunity in 5G and the ‘clou…

Apple Reportedly Cuts Production Plans For New iPhones By 10%

According to a report from the Nikkei Asian Review, Apple is cutting current production plans for new iPhones by 10% signalling expectation of a further hit in iPhone sales for the year after it recently lowered revenue guidance for its fiscal 2019 first quarter ending 29th of December 2018 due to lower iPhone sales.

Nikkei says Apple asked suppliers late last month to produce fewer of new iPhones for the January-March quarter of this year. This will be the second time in two months that the company has slashed production rate of the iPhone if this stands true.


Overall planned production volume will be reduced to 40 million to 43 million units for the January-March quarter from an earlier number of 43 million - 47 million units scheduled for production, Nikkei says.

Apple this previous week lowered revenue guidance for its fiscal 2019 first quarter to $84 billion for the period citing emerging market challenges and lower than anticipated iPhone revenue, primarily in Greater China. Th…

Misty II Personal Robot Scheduled To Ship In April For $2,399

Misty II, a personal robot which non-technical owners can program using the Misty Blockly client, a visual block-based programming interface for creation of new skills for the robot to make it talk, roar, move, dance and more will be available for purchase April this year for $2,399, a four months delay from its initial proposed December 4 released date.

From April, customers can get their hands on the robot which would come installed with pre-set skills to get them started on use. Those with programming experience will be able to utilize JavaScript APIs to create more skills and mods such as integration with Amazon Alexa, Google Assistant, Microsoft Cognitive Services and Cloud APIs.



Skills the Misty II can perform out of the box include:
Recognize facesCreate a 3D map of her surroundingsAutonomous movementReceive and respond to commandsLocate its charger to charge itselfDisplay emotive eyes and other emotional characteristics Perform seeing, hearing, and speaking capabilities

It has…

Daimler Leads $170 Million Series E For Sila Nano

Sila Nanotechnologies (“Sila Nano”) -- a battery startup founded in 2011 by Silicon Valley battery engineers and a Georgia Tech professor of materials science -- has raised $170 million in Series E funding led by Daimler, with participation from new investor 8VC alongside returning investors Sutter Hill Ventures, Siemens Next47, Matrix Partners, Chengwei Capital, and Bessemer Venture Partners.

This funding brings the total raised by Sila Nano to $295 million and values the company at more than $1 billion as confirmed by its CEO Gene Berdichevsky to TechCrunch. Former General Electric CEO Jeff Immelt and Daimler executive Alex Nediger are joining Sila Nano's board as part of this investment.


Daimler has formed a strategic R&D partnership with Sila Nano thanks to its investment. The German automaker is focusing on the Mercedes-Benz EQ line of electric vehicles for this effort. Mercedes-Benz has previously announced it's putting in around €10 billion ($11.28 billion) towards…

Ford Slashes Thousands Of Jobs In Europe To Improve Profitability

Automaker Ford has announced it's slashing thousands of jobs in its European operations as part of structural cost improvements to improve near-term financial performance. The company made this known in a statement issued to investors.

“Ford aims to achieve the labor cost reductions, as far as possible, through voluntary employee separations in Europe and will be working closely with social partners and other stakeholders to achieve this objective.” The company said in its statement.





These job cuts will affect both salaried and hourly workers across its operations in Europe. Ford is ending production at its plant in Bordeaux, France that manufactures small automatic transmissions by this year August and has began discussions to end production of the C-MAX and Grand C-MAX vehicles at its German facility.

It's also considering "significant restructuring options" for its Russian joint venture, Ford Sollers and plans to merge its UK headquarters and Ford Credit Europe’s…

Hulu Buys Back AT&T Stake At $15 Billion Valuation

AT&T has sold its 9.5% stake in video streaming service Hulu back to the company for $1.43 billion, valuing the Netflix competitor at $15 billion. This is up more than 50% from a $9.3 billion valuation pegged by Disney (a 67% shareholder in Hulu following its acquisition of 21st Century Fox) last November. Comcast holds the remainder 33% of the company.

This sale makes for a case that Hulu may become a Disney-focused video streaming service in future time. Already, the entertainment powerhouse is preparing to launch its own streaming service -- Disney+ -- in November. It'll cost $6.99 per month with an annual subscription option of $69.99 and feature titles like The Sword in the Stone, Magic Camp, a remake of Lady and the TrampStargirl, Noelle, and Star Wars.


Hulu leads behind Netflix in the U.S. video streaming market, with more than 25 million subscribers. Its catalogue includes originals like Golden Globe Award-winning series The Handmaid’s Tale, Marvel’s Runaways, Castl…