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India’s OYO enters Japan in partnership with SoftBank

Fresh from closing a notable investment from Airbnb, India’s OYO has expanded its footprint into Japan. The move comes through a joint venture with investor SoftBank — which led OYO’s $1 billion round last year through its Vision Fund — which will cover hotel-based accommodation and home rentals.

Financial details around the joint venture were not disclosed. An OYO representative declined to go into details when asked.

OYO started in India, where it initially aggregated budget hotels; it has since expanded into China, Malaysia, Nepal, the U.K., the UAE, Indonesia, the Philippines and — now — Japan. China, in particular, has shown promise, with OYO’s room inventory there reportedly double what it is in India.

The evolution has not just been a geographical one. Its business has moved from a laser focus on the long-tail of budget hotels to a broader “hospitality” play. It now includes managed private homes and, in India, wedding venues, holiday packages and co-working — while its hotel supply is a mixture of franchised and leased. It has also advanced its focus from budget-minded consumers to cover business travelers, too.

The Japanese JV will be led by Prasun Choudhary, whom OYO describes as a founding member of its team. Like OYO business elsewhere in the world, the company is appealing to small and medium hotel franchises and owners. On the consumer side, its prime segment is domestic and international travelers who seek “budget to mid-segment hospitality,” to use part of a statement from OYO founder and CEO Ritesh Agarwal, who is pictured in the image at the top of this post.

Agarwal is a Thiel fellow who started the company in 2011 when aged just 18. His original business, called Oravel, was an Airbnb clone that pivoted to become OYO. Today, that company is valued at $5 billion after raising more than $1.5 billion from investors.

SoftBank has previously struck joint ventures to bring other Vision Fund companies to Japan. Those include WeWork, Chinese ride-hailing firm Didi Chuxing and India’s Paytm, which launched a payment service in the country.

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Lidar and perception startup Innoviz raises $132 million

Innoviz, the Israel-based startup developing solid-state lidar sensors and perception software for autonomous vehicles, has raised $132 million in a Series C funding round that includes major Chinese financial institutions.

The round, which makes Innoviz one of the better capitalized lidar startups, includes China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), Shenzhen Capital Group and New Alliance Capital. Israeli institutional investors Harel Insurance Investments and Financial Services and Phoenix Insurance Company also participated. 

The Series C round will remain open for a second closing to be announced in the coming months, the company said.

Lidar measures distance using laser light to generate highly accurate 3D maps of the world around the car. It’s considered by most in the self-driving car industry a key piece of technology required to safely deploy robotaxis and other autonomous vehicles. Innoviz is developing solid-state lidar, which proponents of this technology say is more reliable over time because of the lack of moving parts.

Like so many startups with fresh capital, Innoviz plans to use the funds to scale up the company.

For Innoviz, this means increasing production of its lidar sensors and expanding its manufacturing capacity. Innoviz is focused on expanding in important automotive markets, including the U.S., Europe, Japan and China. Innoviz has been pushing into China over the past year through a partnership with the Chinese automotive supplier HiRain Technologies, a global supplier to some of China’s largest automakers.

That company has half of its business coming from China and has won nine of its supplier agreements with different automakers in the country through its HiRain partnership, according to people with knowledge of the company.

The company’s aim is to enable high-volume delivery of its automotive-grade lidar system called InnovizOne. This product can be produced and sold at a 90 percent lower cost than its first-generation system, according to Innoviz. 

Innoviz said it also plans to expand its research and development efforts by investing in the buildout of next-generation products and software that will feature more cost reductions and improved performance.

Innoviz’s strategy has been to partner with a number of OEMs and Tier 1 suppliers such as Magna, HARMAN, HiRain Technologies and Aptiv and to package perception software with its lidar sensors and offer it as a complete unit for companies developing autonomous vehicle technology.

Innoviz has locked in several key customers, notably BMW. The automaker picked Innoviz’s tech for series production of autonomous vehicles starting in 2021.

In March, Lyft announced a partnership with Magna to help get its self-driving tech into various automakers, as well as implement the ride-hailing service into future autonomous cars. Innoviz raised $65 million in Series B funding in 2017, from strategic partners and leading auto industry suppliers Delphi Automotive and Magna International, along with other investors.

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This robot uses lasers to ‘listen’ to its environment

A new technology from researchers at Carnegie Mellon University will add sound and vibration awareness to create truly context-aware computing. The system, called Ubicoustics, adds additional bits of context to smart device interaction, allowing a smart speaker to know it’s in a kitchen or a smart sensor to know you’re in a tunnel versus on the open road.

“A smart speaker sitting on a kitchen countertop cannot figure out if it is in a kitchen, let alone know what a person is doing in a kitchen,” said Chris Harrison a researcher at CMU’s Human-Computer Interaction Institute. “But if these devices understood what was happening around them, they could be much more helpful.”

The first implementation of the system uses built-in speakers to create “a sound-based activity recognition.” How they are doing this is quite fascinating.

“The main idea here is to leverage the professional sound-effect libraries typically used in the entertainment industry,” said Gierad Laput, a PhD student. “They are clean, properly labeled, well-segmented and diverse. Plus, we can transform and project them into hundreds of different variations, creating volumes of data perfect for training deep-learning models.”

From the release:

Laput said recognizing sounds and placing them in the correct context is challenging, in part because multiple sounds are often present and can interfere with each other. In their tests, Ubicoustics had an accuracy of about 80 percent — competitive with human accuracy, but not yet good enough to support user applications. Better microphones, higher sampling rates and different model architectures all might increase accuracy with further research.

In a separate paper, HCII Ph.D. student Yang Zhang, along with Laput and Harrison, describe what they call Vibrosight, which can detect vibrations in specific locations in a room using laser vibrometry. It is similar to the light-based devices the KGB once used to detect vibrations on reflective surfaces such as windows, allowing them to listen in on the conversations that generated the vibrations.

This system uses a low-power laser and reflectors to sense whether an object is on or off or whether a chair or table has moved. The sensor can monitor multiple objects at once and the tags attached to the objects use no electricity. This would let a single laser monitor multiple objects around a room or even in different rooms, assuming there is line of sight.

The research is still in its early stages, but expect to see robots that can hear when you’re doing the dishes and, depending on their skills, hide or offer to help.

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Zortrax launches a new high-speed, high-resolution printer, the Inkspire

Zortrax has launched a new printer, the Inkspire, that prints using an LCD to create objects in high-quality resin in minutes. The printer – essentially an upgrade to traditional stereolithography (SLA) printers – uses a single frame of light to create layers of 25 microns.

Most SLA printers use a laser or DLP to shine a pattern on the resin. The light hardens the resin instantly, creating a layer of material that the printer then pulls up and out as the object grows. The UV LCD in the $2,699 Inkspire throws an entire layer at a time and is nine times more precise than standard SLA systems. It can print 20 to 36 millimeters per hour and the system can print objects in serial, allowing you to print hundreds of thousands of small objects per month.

“The printer is also perfect for rapid prototyping of tiny yet incredibly detailed products like jewelry or dental prostheses. But there are more possible applications,” said co-founder Marcin Olchanowski. “Working with relatively small models like HDMI cover caps, one Zortrax Inkspire can 3D print 77 of them in 1h 30min. 30 printers working together in a 3D printing farm can offer an approximate monthly output of 360,000 to over 500,000 parts (depending on how many shifts per day are scheduled). This is how Zortrax Inkspire can take a business way into medium or even high scale production territory.”

The printer company, which is now one of the largest in Central Europe, explored multiple technologies before settling on this form of SLA printing.

“At the early stage of this project we were investigating the technology itself, and it seemed very unlikely we were able to create such a device,” said Olchanowski. “We tried SLA and DLP but we were not happy with these technologies. We perceived them undeveloped. But, step by step, we succeeded. We see huge prospects of development for resin 3D printing technology, because nowadays customers expect the higher quality of printed models.”

The company sells 6,500 printers yearly and will see $13.7 million in revenue this year. They are also selling resins for their new printers and they will ship in about two months.

Printers like the Inkspire are a bit harder to use than traditional extruder-based printers like Makerbots. However, the quality and print speed is far better and paves the way to truly 3D-printed production runs for one-off parts.

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Dutch uni spinout gets $1.2M for its zero ink printing tech

Tocano, a spinout from Delft Technology University in the Netherlands which is working on an inkless printing technology, has closed a €1 million angel round to fund the next stage of its tech development and move a step closer to building its first commercial product.

The startup began as the graduate student project of co-founder Venkatesh Chandrasekar who, along with fellow student Van der Veen, founded the business in 2015, gaining early backing from the university.

The team now consists of eight employees and is part of the business incubator Yes!Delft.

Now it’s true there are already some ‘inkless’ printing technologies in use commercially. One we covered back in 2009 is Zink: A color printer which doesn’t require ink cartridges in the actual printer; but does require special Zink photo paper which has colored ink embedded in it. So an ‘inkless printer’, technically, but not actually ink-less technology.

Tocano’s tech — which it is branding Inkless — has a much cleaner claim to the name because it doesn’t involve having to use ink-saturated paper. Nor any other type of special paper, such as thermal-coated paper — which is another type of inkless printing already in use (such as for receipts).

Rather they are using an infrared laser to burn the surface of the paper — so carbonization is being used as the printing medium.

And they claim their technique is able to produce black and white printing with blacks as dark and stable as ink-based prints. Though, clearly, they’re still early in the development process.

Here’s a photo of their current prototype, alongside a sample of text printed with it:

The angel funding will be used to try to reach what they dub “a competitive printing performance”. After which they say they’ll need to raise more money to build the first product — so they’re already planning the next financing round (for the end of the year).

“With this money we can make our technology ‘development-ready’, which means that we can meet the required quality and speed performance requirements so that we can begin with the development of our first product”, says co-founder and CEO Arnaud van der Veen in a statement.

“[The] next round will either be financed by strategic partners or venture capitalists. The first meetings have already taken place.”

If they can successfully productize their laser carbonization technique the promise is printing without the expense, waste and limits imposed by ink refills plus other consumables.

“I always compare this to the transition from the analogue camera to the digital camera,” says van der Veen.  “Suddenly people were able to make unlimited photos and it was not needed to replace the films. Likewise, with our printing solutions, refill and replacement of ink and consumables will not be needed.”

Though quite how expensive the next-gen laser printer machines themselves will be if/when they arrive on shop shelves remains to be seen.

Tocano says its first product will be aimed at industrial users for packaging and labelling use cases — such as printing barcodes, shelf life data and product codes on packages and labels.

Its ambition is to range out after that, bringing additional printer products to market targeting other business users — and eventually even the consumer market.

“Our first product will fit [the packaging/labelling] market but after that we will make the technology accessible for production printers, office printers, consumer printers and receipt printers. In all these market we can offer the same advantages, a cheaper and more sustainable printer without any hassle with ink, cartridges or toners,” he adds.

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New LIDAR package makes it easier to add smarts to your smart car

mjgyotizoq Osram Opto Semiconductors has announced the availability of a LIDAR package – essentially the spinning laser array found on self-driving and mapping vehicles – that costs $5 and works as well as $70,000 tower systems and hockey-puck sized $8,000 systems. This mini-LIDAR has four laser diodes connected together to ensure accuracy without tuning. The kit also includes tiny mirrors… Read More

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