Tech

Labster, the award-winning producer of virtual laboratory simulations, today announced it has raised $21 million in its Series B funding round led by Owl Ventures. Balderton Capital, Northzone and Swisscom Ventures also participated in the round, while Nordic Makers, David Helgason, EduCapital and Entangled Group made follow-on investments. Labster provides fully interactive … [Read more...] about Labster Secures $21MM In Series B To Massively Expand Virtual Lab Catalog And Scale U.S. Operations

VDOO Connected Trust Ltd., a pioneer in security automation for embedded devices, today announced it raised $32 million in Series B funding led by venture capital firms WRVI Capital and GGV Capital, with participation from NTT DOCOMO, which joined the round based on earlier successful cooperation, MS&AD Ventures, an affiliate of a global cyber insurance firm, and strategic … [Read more...] about VDOO Raises $32M in Series B Financing to Revolutionize Security for Embedded Devices and IoT

Rivian today announced an equity investment of $500 million from Ford Motor Company. In addition to the investment, the companies have agreed to work together to develop an all-new, next-generation battery electric vehicle for Ford’s growing EV portfolio using Rivian’s skateboard platform. “This strategic partnership marks another key milestone in our drive to accelerate the … [Read more...] about Rivian Announces $500 Million Investment from Ford; Partnership to Deliver All-New Ford Battery Electric Vehicle

Databricks, the leader in Unified Analytics and founded by the original creators of Apache Spark™, announced Microsoft is joining the open source MLflow project as an active contributor and adding native support for MLflow in Microsoft Azure Machine Learning service. MLflow is an open source platform for the machine learning lifecycle. Since Databricks unveiled MLflow in … [Read more...] about Databricks Collaborates with Microsoft on MLflow Open Source Project

-new financing round. The round is comprised of $40 million of Series IV Preferred Stock and $30 million of new credit facilities provided by Cathay Bank for capital equipment and working capital. The proceeds will help fast track market and market segment expansion, research and development investments, and next generation coating applications, building on the triple-digit … [Read more...] about HZO Raises $70 Million in New Financing

Locus Robotics (www.locusrobotics.com), the market leader in autonomous mobile robots (AMR) for fulfillment warehouses, today announced that it has raised $26M in Series C funding. The Company will use the proceeds to scale production of its revolutionary multi-bot solution for warehouse fulfillment, as well as for expansion of its sales and marketing efforts, both in North … [Read more...] about Locus Robotics Announces $26M in Series C Investment to Power Continued Global Acceleration of Locus’s Revolutionary Multi-Robot Warehouse Fulfillment Solution

Registration is now open for IEEE World Congress on Services (IEEE SERVICES 2019), the leading technical forum promoting services-oriented cross-technology integration for modern industries worldwide. Known for its seven affiliated, co-located conferences covering all aspects of services computing and applications, IEEE SERVICES 2019 is sponsored by the IEEE Computer Society … [Read more...] about IEEE SERVICES 2019: Registration Now Open for IEEE World Congress on Services

Worldwide IT spending is projected to total $3.79 trillion in 2019, an increase of 1.1 percent from 2018, according to the latest forecast by Gartner, Inc. “Currency headwinds fueled by the strengthening U.S. dollar have caused us to revise our 2019 IT spending forecast down from the previous quarter,” said John-David Lovelock, research vice president at Gartner. “Through the … [Read more...] about Global IT Spending to Grow 1.1 Percent in 2019

Intel Corporation today announced its intention to exit the 5G smartphone modem business and complete an assessment of the opportunities for 4G and 5G modems in PCs, internet of things devices and other data-centric devices. Intel will also continue to invest in its 5G network infrastructure business. The company will continue to meet current customer commitments for its … [Read more...] about Intel to Exit 5G Smartphone Modem Business, Focus 5G Efforts on Network Infrastructure and Other Data-Centric Opportunities

Worldwide revenues for IT Services and Business Services totaled $513 billion in the second half of 2018 (2H18), an increase of 4.5% year over year (in constant currency), according to the International Data Corporation (IDC) Worldwide Semiannual Services Tracker. For the entire year, worldwide services revenues crossed the $1 trillion mark in 2018. Annual growth accelerated … [Read more...] about Worldwide IT Services Market Crossed $1 Trillion in 2018