Press Release
Israeli AI Startup Hailo Expands Series A Round to $21 Million
Israeli startup Hailo, developers of a proprietary processing architecture for deep learning on edge devices, has expanded its Series A funding round to $21 million. Chinese venture capital firm, Glory Ventures, led the investment-round expansion and was joined by existing
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After being sued for fraud, a week later Stanford University’s Stanford-StartX Fund shuts down
The CEO of StartX, Joseph Huang, who runs the Stanford University accelerator, and Randy Livingston, Stanford University’s CFO, announced today Stanford University’s venture capital fund Stanford-StartX Fund LLC is shutting down after 6 years. Stanford University and the Stanford-StartX Fund
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Konecranes Uses Siemens’ digital innovation platform harnessing IoT to bridge virtual and real worlds
· Konecranes has implemented the Siemens digital innovation platform, including MindSphere, Teamcenter and Simcenter portfolio, to accelerate its product development process. · The company has increased collaboration between simulation, test and engineering organizations to reduce the use of physical prototypes by leveraging a
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SenseTime Establishes “AI Autonomous Driving Park” in Japan
January 11, 2019 – Hong Kong: SenseTime has recently unveiled its own dedicated testing course “AI Autonomous Driving Park” in Japanese city of Joso in Ibaraki Prefecture. The testing course will be utilized solely by the company to develop autonomous driving
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Claims by tech startup of Stanford University misusing its tax-exemption and education mission through venture capital firm Stanford-StartX Fund LLC. and startup accelerator StartX
• Startup claims it received wired investments directly from Stanford University tax-exempt bank accounts, violating IRS tax laws and Stanford lying in its Form 990 • In discovery, Startup claims Stanford committed tax fraud by commingling tax-exempt assets with a
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Cloudera and Hortonworks Close Planned Merger
Combination creates open-source powerhouse to build industry’s first Enterprise Data Cloud from the Edge to AI New Delhi, January 4, 2019 — Cloudera, Inc. (NYSE: CLDR), the enterprise data cloud company, today announced completion of its merger with Hortonworks, Inc.
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Yes Bank Datathon Brings 20 Data-Driven Products at India’s First Brand-Led Datathon
India’s first Bank-led Datathon powered by Yes Bank aims to augment the bank’s embedded data analytics & ML units to drive rapid prototyping of AI/ML-based products, optimize digital product suite, and enhance product/service design and delivery, in an accelerated 100-day
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Hackrod Uses Lightworks’ Visualization Technology to Design its Concept Speedster
Visualisation experts Lightworks collaborate with the creative minds behind custom car design company Hackrod at Epic’s automotive event Unreal Build: Munich. Custom car pioneers Hackrod are using Lightworks’ SLIPSTREAM to design their concept speedster ‘La Bandita’ in VR before manufacturing
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Microsoft Open Sources Versatile Trill Engine for High Geared Analytics
Washington-based technology company Microsoft has made its internal Trill engine open source, which is capable of evaluating billions of events per second. Trill began its journey as a Microsoft research project back in 2012 and has since been highlighted in
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Bengaluru Unrolls Red Carpet for Ericsson’s New Global AI Accelerator
The Stockholm-based telecom Ericsson has opened a Global Artificial Intelligence Accelerator (GAIA) in tech hub of Bengaluru city. The new innovation hub will focus on the aspects of Research and Development (R&D) and is expected to create 150 employment opportunity
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