Wirepas, a startup out of Finland that is building out an Internet of Things business based on a novel approach — using mesh networking, rather than cellular or WiFi to connect thousands of objects — has raised some funding to give its efforts some oxygen. The company has picked up $22 million, at a valuation we understand to be in the region of between $100 million and $200 million. The list of … [Read more...]
Confirmed: Palo Alto Networks buys Dig Security, sources say for $400M
We reported in September that Palo Alto was getting ready to make yet more security acquisitions out of Israel, specifically of Dig Security and Talon. Today, some confirmation of one of those has arrived: the U.S. security giant said it would be acquiring Dig. The company is not disclosing the financial terms but our sources say it is in the region of $400 million. From what we understand, … [Read more...]
Shield AI raises $200M at a $2.7B valuation to scale military autonomous flying tech
Shield AI has raised $200 million in new funding as it looks to scale its autonomous flying systems for the U.S. military and its allies. The startup, which was founded in 2015, is now valued at $2.7 billion. This latest round was led by U.S. Innovation Technology Fund (USIT) with major participation from Riot Ventures, both prior investors in Shield AI. Other contributors include existing … [Read more...]
Yuzu wants to make health plans cheaper by letting insurers mix and match benefits
In the U.S., figuring out ways to pay for health insurance is a perennial problem — not just for individuals, but for the businesses employing them. Companies pay upwards of $22,000 per employee for family coverage, according to health policy publication KFF. And that’ll soon increase — the cost of medical plans is set to rise 7% next year. Under the Affordable Care Act, businesses with 50 or more … [Read more...]
Cambrium aims to one-up nature with designer proteins that scale sustainably
Nature has done a hell of a job over the last few billion years, but there’s always room for improvement. The proteins in our bodies are great but not always the easiest to produce or package — so Cambrium is looking to design improved molecules that work in similar ways, but can be made at sustainably and at scale, and vegan to boot. And yes, AI is involved. The company has raised €11 million … [Read more...]
Guidde’s AI automatically generates software documentation videos
Organizations today rely on a growing number of apps to get work done. According to Statista, in 2022, companies were licensing an average of 130 software-as-a-service (SaaS) apps, up from just 8 in 2015. What that means for employees, generally, is more work — more work getting up to speed with the various tools, reading documentation and completing tutorials, and even prepping for … [Read more...]
This proptech startup says generative building design can change the way cities are built
A number of proptech companies help homeowners find their perfect house or real estate agents sell more. However, Cedar is targeting real estate developers with some software to reduce the cost and time it takes them to source and evaluate new housing projects. In residential real estate, it’s often taking more time and money to acquire, design and permit a housing project than it is to actually … [Read more...]
Brazilian fintech QI Tech lands $200M led by General Atlantic
Brazilian banking-as-a-service startup QI Tech has raised $200 million in a Series B round of funding led by New York-based General Atlantic. Founded in 2018 by Pedro Mac Dowell, Marcelo Bentivoglio and Marcelo Buosi, QI Tech is an infrastructure platform enabling the development of credit, payment, and banking solutions through a modular API. It also holds a Direct Credit Society (SCD) license. … [Read more...]
SkyCell raises $57M at a $600M valuation to build smart containers for pharmaceutical transport
The Covid-19 pandemic put a spotlight on how critical the development and distribution medicine can really be. Vaccines for the coronavirus typically needed to be kept at very specific temperature controls to remain active, so getting them to where they needed to be in temperature-safe condition became nearly as important as making them at all. Today, SkyCell — one of the companies that built … [Read more...]
Egyptian healthtech Almouneer raises $3.6M to scale its platform for treating diabetes and obesity
Obesity and prediabetes are major health concerns in Africa and the Middle East, affecting over 40% of the population. In Egypt, 20% of adults have diabetes; the figure in Saudi Arabia is 30%. In Nigeria, 1 in 17 adults has diabetes. The issue of prediabetes and obesity is even more widespread. Yet, it’s essential to recognize that these health challenges are largely preventable through lifestyle … [Read more...]
Indian opposition leaders say Apple has warned them of state-sponsored iPhone attacks
Apple has warned at least six Indian politicians and other members of political parties and two journalists of their iPhones being targets of state-sponsored attacks, these people said Tuesday. Shashi Tharoor of the opposition Congress party, Mahua Moitra, a national lawmaker with the regional opposition All India Trinamool Congress, Priyanka Chaturvedi of Shiv Sena, a party that enjoys … [Read more...]
Hexa, the startup studio behind Front, Spendesk and Aircall, unveils its next batch of startups
Hexa, the Paris-based startup studio that started its life as eFounders, just shared a list of the six next companies that will emerge from the studio. It’s an interesting mix of enterprise SaaS startups with a blockchain data startup thrown into the mix. And given eFounders’ track record, it’s always interesting to see the ideas and trends that appear from these new batches. As a reminder, … [Read more...]
5 things we learned so far about the Google antitrust case
Google CEO Sundar Pichai testified Monday in the U.S. government’s antitrust trial against the company. The executive defended Google’s business tactics, including its deal with Apple and other partners to make Google the default search engine. In January, the Department of Justice, along with eight states including New York, California and Colorado, demanded a jury trial in the lawsuit … [Read more...]
Apple’s October Scary Fast Event: Everything revealed about the new MacBook Pro, iMac and M3 chips
It’s time for another Apple event, with a spooky twist. The company announced a surprise “Scary Fast” event last week, prompting the rumor mill to speculate that Apple would be revealing new chips to power a new lineup of Macs. As our resident Apple expert Brian Heater wrote, a new 24-inch iMac and a MacBook Pro refresh would be the most likely new announcements to expect from the October event, … [Read more...]
Apple’s ‘Scary Fast’ event video was shot on iPhone
In tech, ‘dogfooding’ means using your own stuff in the way you intend for your users to, which is helpful to make sure your stuff lives up to your marketing claims. Apple dogfoods in a number of ways, but one particularly visible way it’s doing that is with the event video from today’s ‘Scary Fast’ pre-Halloween keynote, which introduced new M3 Macs, including the latest MacBook Pros and iMac. … [Read more...]
Apple brought back the best Mac colorway with the new M3 MacBook Pro
Apple has a new range of updated MacBook Pro notebooks, and while they get a pretty nice internal upgrade courtesy mostly of the new M3 processor lineup, the big news for aesthetes is on the outside – in addition to the existing silver and space gray colors, there’s a new space black that is just 🧑🍳💋. This is a return to form for a company whose best-looking Mac is … [Read more...]
Apple’s M3 iMac is up for preorder, starting at $1,299
Folks banking on the arrival of the iMac Pro will have to wait a bit longer. If you’ve been looking to upgrade your 24-inch all-in-one, on the other hand, Apple’s got some good news. The company just unveiled a refresh to the 24-inch iMac that skips the M2 altogether, in favor of the M3 chip that was announced alongside it at this evening’s Scary Fast event. You can read more about what the next … [Read more...]
Apple’s M3, M3 Pro and M3 Max 3-nanometer chips arrive with a big graphics boost
We felt fairly confident that we would see at least one piece of next-gen Apple silicon as part of tonight’s Scary Fast event. But how’s this for an early Halloween surprise: We just got three new M3 chip models. It’s a sizable shakeup of the company’s standard release schedule. The news follows months of rumors that supply chain issues had hamstrung Apple’s ability to bring the M3 to market … [Read more...]
Apple’s 14- and 16-inch M3 MacBook Pros arrive in ‘Space Black’ color, starting at $1,599
Apple just announced a (nearly) complete overhaul of its first-party silicon line, in the form of the M3, M3 Pro and M3 Max. While the new 24-inch iMac is arriving with the M3, the MacBook Pro line is easily the biggest benefactor of today’s Scary Fast event. The high-end laptop is arriving in 14- and 16-inch configurations. The smaller version has an option for all three new chips, while the … [Read more...]
Apple’s Journal app has arrived – here’s what’s good and bad
Having used Journal for a few days now, I feel confident saying that Day One is not staring down an existential threat — at least not yet. Keep in mind we’re talking about Apple has a well-known history of Sherlocking new apps with feature updates (it was, after all, the company that gave rise to the term), but in its current form, the new journaling app still has a ways to go to catch up with Day … [Read more...]
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