Skip to main content

Posts

Qudian rose 48 percent in IPO on US stock exchange

Recent posts

Veo Robotics raised $12 million to develop robot workers

Veo Robotics raised US$12 million to develop more efficient engine and human connections. Startups headquartered in Cambridge, Massachusetts, announced Lux Capital, GV.com and Siemens's Next 47 have participated to develop more intuitive and semantic robotics systems for industrial applications.


Veo Robotics was founded by Patrick Sobalvarro, Clara Vu and Scott Denenberg in 2016 to provide AI-powered software that will tell the machine how to act and respond to humans in labor settings. The system is paired on hardware including GPU and distributed 3D sensors.

"We built semantic and integrated representation in which robots and humans are at work. Projecting future where the elements move within 100 milliseconds and using smart control to be responsive to human presence," Sobalvarro said.

"A human being will be bored and unhappy doing heavy work and repetitive movements. We want people to do things the way humans do, we want machines that will do hard work and repeti…

Prenetics raised $40 million to expand DNA test market

Prenetics Limited raised US$40 million in Series B funding to expand the DNA test market. The startup of medical diagnoses headquartered in Hong Kong says Alibaba, Beyond Ventures and three other investors have made the funding to be used to expand the services and series of DNA testing products to Southeast Asia.


Prenetics announced it has raised new funding by investors to expand its services and market share coverage. Startup set up by Dr. Lawrence Tzang, Ph.D has processed nearly 200,000 DNA samples since launching in late 2014.

"We have a genetic test platform and we have also evolved to provide digital health, all in one application," said Prenetics CEO Danny Yeung.

Prenetics currently has a product of risk screening for genetic diseases, cancer screening, and family planning screening. Subscription digital healthcare products consist of nutrigenomics for nutritional analysis tailored to the results of DNA testing and pharmacogenomics for treatment.

"The app also t…

Magic Leap raised $502 million led by Temasek Holdings

Magic Leap raised a US$502 million Series D funding led by Temasek Holdings. The Florida-based startup, which gets good funding and secrecy, said on Tuesday it has amassed a new investment led by an investment firm owned by the Singapore government.


Magic Leap said Singapore's EDBI, Brazil's Grupo Globo and Janus Henderson Investors included investors in this new funding to prepare a headset debut with augmented reality technology.

The startup earlier this month seeks to raise fresh funds up to US$1 billion. Magic Leap says some of the old investors are also participating in the latest funding including Alibaba Group Holding Ltd, Fidelity Management and Research Co., Google LLC, J.P. Morgan Investment Management and T. Rowe Price Group Inc.

Magic Leap's mission is to align people and technology to create a better world. Headquartered in Plantation, Florida, has also locations in Los Angeles, Sunnyvale, Seattle, Austin, Dallas, Zurich, New Zealand, and Israel.

Zap&Go develops super fast charge carbon-ion battery

Zap&Go says it is developing carbon-ion alternative technology for super fast charging systems. The battery startup headquartered in Oxford said it would collaborate with China's Li-Fun Technology Co. Ltd. to begin production of carbon-ion batteries by 2018 that would allow scooters to charge within five minutes.


Zap&Go says the company will enter into competition in the most lucrative auto industry market in the future by developing carbon-ion battery-based technology to charge electric cars faster, cheaper and safer than lithium-ion.

"Our plan in the next few years is to meet or exceed lithium-ion," said Zap&Go CEO Stephen Voller.

Governments around the world are increasingly limiting the use of fossil fuels for the next two decades. Automakers are rushing to develop electric charging technology so as not to lose market share and battery makers have reduced the lithium-ion battery charging time by just 30 minutes.

Voller said it will develop batteries using …

Mitsubishi Electric unveils EMIRAI 4 concept car

Mitsubishi Electric Corporation launched the EMIRAI 4 concept car as next-generation intelligent mobility technology safer and more comfortable. The maker of air conditioning systems and home products based in Tokyo on Monday announced the concept of an autonomous and battery-powered car.


Mitsubishi Electric says future vehicles are about comfort, safety and environment friendly where the car development is based on three areas of research is electrification, self-driving and connected. EMIRAI 4 is equipped with human machine interface technology (HMI), driver sensing and lighting system.

The screen displays feature augmented reality using a locator combined with 3D mapping and high accuracy positioning techniques to emphasize the paths that guide drivers safely even in bad weather.

The intuitive slide allows the driver to operate various functions without taking the view off the road. The sliding knob can be easily changed and consolidated into a particular group and helps simplify t…

Flipkart in talks to buy BookMyShow to reach top-class market

Flipkart Ltd is reportedly in talks to buy BookMyShow shares. The e-commerce giant headquartered in Bengaluru is making deals and business partnerships with Mumbai-based ticketing platform as part of capturing the market share of the upper middle class in India.


Flipkart Ltd is conducting acquisition talks with Bigtree Entertainment Pvt which operates the BookMyShow ticketing platform. The company has set up US$500 to US$700 million if the deal is successful.

Initially Flipkart revealed its intention to buy BookMyShow, but other sources said stock sales were more likely to happen than acquisitions. Reliance Industries owned by Network18, which owns 39% of the shares as the biggest holder in BookMyShow is being bullish on the company.

BookMyShow has a market share of wealthy people in urban India. The company posted a Rs3.1 crore profit of Rs248 crore revenue in the last year ending in March. They experienced a decrease due to crushed by Paytm who began serving movie ticketing.

BookMyS…