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These are the US startups that Russian investors are backing
A taxi-hailing app. A transplant device developer. An online mortgage provider. Those businesses may have little in common, but one shared thread is that U.S. startups in these sectors have all secured large funding rounds led by Russia-based investors. They’re not alone. Over the past seven years, Russia-based e investors have participated in more than 300 funding rounds for… Read More
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India overtakes the US to become the world’s second largest smartphone market
Move over America, India is now the world’s second largest smartphone market. That’s according to a new report from Canalys which claims smartphone shipments in India crossed the 40 million mark for the first time in Q3 2017 courtesy of 23 percent annual growth. That means that India has overtaken the U.S. on sales with only China ahead of it. Given the huge gulf in populations… Read More
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The US Government must work with tech companies if it wants to remain competitive in AI
U.S. Secretary of Defense James Mattis is concluding his tech tour of the West Coast today with a visit to Google’s Mountain View campus. Mattis spent time at Amazon and the Defense Innovation Unit Experimental, earlier in the week. His key takeaway from all the socializing with tech leaders is that the Department of Defense needs to embrace technology coming out of the private sector… Read More
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Corelight closes $9.2M Series A to help enterprises battle ransomware
It’s already been a year of multiple high profile ransomware attacks and now cybersecurity startup Corelight has bagged a $9.2 million Series A round, led by Accel Partners. Reach Robotics closes $7.5M Series A for its augmented reality bots
After years of research and development, Reach Robotics has closed a $7.5 million Series A, co-led by Korea Investment Partners (KiP) and IGlobe, to bring its augmented reality bots to market in a big way. The Bristol-based startup is looking to expand into the U.S., and the team is exploring opportunities for growth into other European and Asian markets. Read More
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BART is testing Bikeep’s smart bike locks
There are few feelings worse than returning to the spot you locked up your bike after a fun evening and seeing nothing. As a San Francisco cyclist, I’ve had my stomach sink more than once at that discouraging sight. Bikeep, a startup founded in Estonia, is looking to bring its connected locking tech to the States to address the bike theft epidemic. This morning at San Francisco’s… Read More
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Why pulling out of Paris Accord damages America’s economic future
People can disagree about the scientific premise behind climate change, but it’s an inescapable fact that the world is driving ahead to replace carbon energy with clean energy anyway. That makes advanced energy technologies one of the biggest business opportunities of the next couple of decades. The companies and nations that take the lead will become the next economic superpowers. Read More
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Xiaomi sneaks into North America with Mexico launch
Chinese smartphone maker Xiaomi is preparing to enter North America, but it isn’t quite the launch you may be waiting on. The company, which was last valued at $45 billion by investors, has revealed plans to sneak into the continent by selling its Redmi Note 4 phone in Mexico. Fans can pick up the device from Coppel, Best Buy and Sam’s Club stores when it is stocked towards… Read More
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Tencent to open AI research center in Seattle
Chinese tech conglomerate Tencent will be opening a new AI research center in Seattle, according to The Information. The company has long had a core office in Palo Alto, but this will be its first major machine intelligence R&D effort in the country. Earlier this week Tencent announced that it would open its first data center in Silicon Valley. Read More
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Baidu is acquiring xPerception, a U.S. startup focused on computer vision
Baidu is acquiring xPerception, a US startup specialized in computer vision, according to Reuters. Details are sparse, but we know the startup has its own module for object recognition and depth perception that can be deployed on robots and drones. The Chinese tech giant has been active in machine intelligence M&A this year. Back in February it acquired Raven Tech, a Chinese startup… Read More
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