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Increasingly, however, CIOs are reviewing and rationalizing those investments. The reasons include higher than expected costs, but also performance and latency issues; security, data privacy, and compliance concerns; and regional digital sovereignty regulations that affect where data can be located, transported, and processed.
“It is still small-scale, and the most important thing we are doing that other companies should do is focus on the design, engineering and full-scale installations of vessels and the supporting systems to make a lot of it,” said Josh Tetrick, co-founder and CEO of Eat Just, which sells lab-grown chicken meat in Singapore.
Parallel Systems, a company founded by three former SpaceX engineers to build autonomous battery-electric rail vehicles, came out of stealth mode on Wednesday with a $49.55 million Series A raise. The company, which has raised $53.15 million to date, including a $3.6 The company, which has raised $53.15 million to date, including a $3.6
Often, industries that have great potential to be disrupted are also the most resistant to adopting bleeding-edge technology. While legacy sectors like transportation and energy have embraced new tech, innovation in the construction industry has been slow to take hold. Its recently enacted $1.2
Brian Smith was an early believer in the city, founding S3 Ventures with a $20 million first fund after a career as an electrical engineer at companies like IBM before starting his own company, Crossroads Systems. In fact, the firm believes that Texas is going to be the second-largest tech ecosystem in the U.S.
Network equipment connecting internal and external systems at Japan Airlines (JAL) malfunctioned early on Dec. Delays due to too much traffic The description suggests it may have been hit by a distributed denial-of-service (DDoS) attack. 26 after receiving a large amount of data from an external source, the company said.
Brodmann17, an Israeli computer vision technology startup that developed a novel approach to take on a marketplace dominated by Mobileye, shut down this week. The trio focused their efforts on developing a new approach to computer vision technology designed to support advanced driver assistance systems.
-based self-driving truck startup, is partnering with South Korean conglomerate SK to explore the possibility of deploying its autonomous vehicle technology in Asia. The ultimate aim of the partnership is to sell and distribute Kodiak’s self-driving technology in the region. What would be required? Who would be the partners?
Mass transit has made a rebound with the return of city life post-Covid 19, and today a startup that’s building tech to help it run more smoothly is announcing a big round of funding to meet the rush. billion, which the Israeli startup says makes it the first “unicorn” in the public transportationtech space.
Venture funding for defense tech startups grew last year, but despite some large and notable funding rounds the total amount invested was lower than some might have anticipated. Upswing for defense Still, defense tech had a good year in 2024, with an increase in both dollars and deals.
If teams don’t do their duediligence, they risk omitting from design documents important mechanical equipment, like exhaust fans and valves, for example, or failing to size electrical circuits appropriately for loads. “Construction and property management are among the last major industries to digitize.
Its weather-related services can be as simple as helping utilities predict short-term demand for energy, or as complex as advising maritime transporters on routing ocean-going cargo ships around developing storms. Very little innovation was happening because most of the energy was going towards having those five systems run in parallel.”.
Supply chain disruptions — triggered by factors including demand surges, high transportation costs and pandemic-related lockdowns — are expected to continue well into next year, experts predict. But according to Komoni, most tracking is done manually via loose systems of emails, spreadsheets and phone calls.
The BRT is a bus-based public transportsystem that delivers fast, comfortable and cost-effective services within metropolitan areas. For efficiency of administration, the commuters will also be required to pay using digital prepaid technologies.
The support and knowledge of this investor group will catalyze BasiGo in its mission to make East Africa a leader in inclusive, sustainable bus transport,” he said. Bhattacharya’s experience in the EV space is expansive, having been a technology leader in rechargeable (lithium-ion) batteries for more than 12 years.
They also check a variety of sources before making a final purchasing decision, from search engines and retail websites to product ratings and reviews, price comparison websites, and social media. Other impediments include older IT systems and lack of visibility into sales and the supply chain. And they are making progress.
It had produced, and was poised to produce, an enormous number of technology startups, given its relatively small size. million on average, the largest payout to employees in Israeli high tech at the time, and the exit created a pool of new entrepreneurs and angel investors. Waze’s 100 employees received about $1.2
Additionally, the cost of cyber disruption will increase next year as businesses experience downtime due to cyberattacks and scramble to implement defenses fit for the AI-enabled attacker era. In 2025, attackers will begin developing and testing generative AI technologies to use over the next 3-5 years.
As Austin’s skyline expands, the city continues to solidify its standing as a tech hub. It’s a city of unicorns and tech giants. Austin is also home to secondary offices of many of the largest tech companies in the world, including Google, Apple, Oracle, Amazon, Facebook and SpaceX. And the numbers are there to back it up.
Tens of millions of containers are imported and exported from Latin America each year, and nearly half of them are either delayed or lost due to mismanagement. And, an estimated 50% of shipping containers suffer delays due to disorganized processes or errors during transport, which ends up costing companies billions per year.
Following a legislative review of state purchases in fiscal year 2022, the state of Oklahoma discovered that its agencies had procured more than $3 billion worth of goods and services outside the oversight of its Office of Management and Enterprise (OMES) Central Purchasing division. billion in a matter of weeks,” he says.
Outrider, a startup aiming to bring its autonomous technology to the nerve center of the supply chain, has raised $65 million in funding just eight months after coming out of stealth. The Series B round was led by Koch Disruptive Technologies and brings its total funding raised to $118 million.
When R-Zero was founded in April 2020, the company primarily focused on developing hospital-grade UVC disinfection systems, or lights that can neutralize certain types of viruses (more on this later). The New York Metropolitan Transport Authority, for example, purchased $1 million worth of UVC lights to disinfect subway cars each evening.
The “one size fits all” approach often employed leads to inadequacies due to inabilities to account for the demands of a broad range of users. Therefore, while tech-driven solutions are promising, they require an approach that’s mindful of these pitfalls. Cost overruns have been another significant concern.
It’s a long road taking an idea from the R&D stage in a lab to successful commercialization, especially when you’re talking about technologies as complex and costly as robotics and artificial intelligence. She has held senior roles at General Dynamics and other defense contractors.
That’s a dramatic shift in urban transportation by any measure, and it prompts a simple but important question: How did we get here? Vehicle intelligence systems capable of running and reporting millions of autonomous fault checks per day. After an encouraging start, shared e-scooter riders in the U.S.
“The entire global supply chain today is run by semistructured information and siloed data systems. Because of this, these supply chain businesses have extremely limited visibility on their own businesses due to the lack of access to their own data,” Alandy Dy told TechCrunch in an email Q&A. billion in the U.S.
The tech industry loves generalizations — and don’t worry, I enjoy my fair share too — but as the downturn continues to play out, it’s increasingly important to think about the structural changes that may be forming in the venture capital landscape. “There’s more dry powder powder than ever before.”. Discipline is the new scale.” (OK,
What’s interesting is that NASA Administrator Bill Nelson was not shy about pinning the delay at least partially on Blue Origin’s ongoing protest of the Human Landing System contract (this is the crewed vehicle that will make the final leg to the moon). Image Credits: Bryce Tech. Image Credits: NASA. SpaceX Crew-3.
Israeli startup TriEye has raised $74 million to commercialize a type of sensing technology that can be used to help autonomous and driver-assistance systems to see better in adverse conditions. The technology uses short-wave infrared (SWIR), which refers to a wavelength range that is outside the visible spectrum.
Helm.ai, a startup developing software designed for advanced driver assistance systems, autonomous driving and robotics, is one of them. launched to push the technology forward with a new approach. The autonomous driving market generally has not been efficient in the last few years due to all the misplaced hype.”
There are more than 4,000 annual marine incidents, largely due to human error. The company was founded by naval technology experts Yarden Gross and Dor Raviv. On the raise, Yarden Gross, CEO and co-founder said: “The maritime industry… is still far behind aviation with technological innovations.
.” In line with that, along with the funding news, Workato is also disclosing an acquisition that it made with some of its funds: RailsData , a startup that has built API-based technology to integrate apps, data and devices. It is not a Swiss Army knife of integration and automation technologies under the cover.”
Koop Technologies (Pittsburgh, PA, USA) — Presenter: Sergey Litvinenko, co-Founder and CEO. “Koop Technologies is an insurance platform for autonomous vehicles and robotics. Before SAIC, she led the Corporate Venture Group at Maxim Integrated, where she led multiple strategic technology acquisitions and venture investments.
These retailers are beholden to an inefficient distribution system that results in inconsistent inventory availability, opaque pricing and limited access to formal financial and banking services. Alerzo owns and operates its full-stack tech-driven supply chain and logistics to process these orders.
The company says Usher Transport, one of its clients, says it has seen a 32% annual reduction in accidents after implementing the Smart Dashcam, DRIVE risk score and Safety Hub, products that the company offers to increase safety. G2 Venture Partners raises $500 million to fund sustainable tech.
The impacts of the invasion are also, undoubtedly, being felt across Ukraine’s wider tech ecosystem, which includes not only hundreds of startups and larger tech firms, but also research and development offices for some of the world’s biggest technology brands. GET IN TOUCH.
A caveat however is that organizations are typically focused on technology. However, if you are solely focusing on the technology you only reap part of the benefits. Making the technology process more sustainable. Which basically means it is not simply about technology. The origins of socio-technicalsystems.
Convoy, a digital freight network that connects shippers with carriers , has raised $260 million in fresh funding to scale up initiatives that will push the trucking tech industry into new ground. “It’s a pretty complicated system to build, which it doesn’t look like from the outside.”
Due to the nature of its business, Plentywaka had to make a slight pivot and began transporting essential services across Lagos, especially food items. Backed with the new funding, Plentywaka has since doubled down on its core offering — transporting people via buses. It also opened a logistics service.
“InstaDeep happened to be quite different from other companies in our pipeline as they were actually into deep tech versus applying technology to a certain sector, where basically, you become an operator in that sector. And it was also interesting, especially in Africa, where such companies are quite rare.
“Our program is our diligence,” Bronson tells me. Stembionix : With personal stem cell banking in mind, Stembionix is developing a “mailable bioreactor system” that would allow for the transporting of stem cells without the freezing/thawing that complicates things and can negatively impact viability.
Today, Bosch announced that it would be acquiring Five.ai , the autonomous driving startup that started with big ambitions to build and operate its own fleet of robotaxis but ultimately pivoted to focusing on technology development as a B2B play. Scale matters in building automated driving technology. Headquartered in Cambridge, U.K.,
The next industrial revolution – Multi-agent systems and small Gen AI models are transforming factories Jonathan Aston Jan 23, 2025 Facebook Linkedin Factories are transforming and becoming smarter through the introduction of powerful multi-agent AI systems. In this blog, well take a closer look at some of these new developments.
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