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CIOs are rethinking how they use public cloud services. Here’s why.

CIO

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.

Cloud 209
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Former SpaceX engineers bring autonomous, electric rail vehicle startup out of stealth

TechCrunch

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

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EVs to power Kenya’s bus rapid transit system

TechCrunch

The BRT is a bus-based public transport system that delivers fast, comfortable and cost-effective services within metropolitan areas. This is due to several challenges, including weak electricity grids, insufficient charging infrastructure and a general lack of awareness.

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SmartRyde, a Japanese online platform for airport transfers, spurs global expansion with Series A

TechCrunch

SmartRyde , a Japanese online pre-booked airport transfers service platform, is a marketplace that connects travelers to local transportation operators/online travel agencies (OTAs). Due to the impact of COVID-19, there has been a change in the way people travel, such as avoiding congestion. since December 2020, as per its statement.

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Optibus taps $100M at a $1.3B valuation for its AI-based mass transit operations platform

TechCrunch

Optibus , which uses AI to help public transportation bodies and their mass transit partners plan and operate their networks, has raised $100 million, funding that it will be using to continue expanding its product set and wider business footprint, CEO and co-founder Amos Haggiag said in an interview in London this week.

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DTN’s CTO on combining IT systems after a merger

CIO

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.”.

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Aevum is building a modular autonomous drone for space and terrestrial deliveries

TechCrunch

Logistics and delivery providers are territorially split between Earth and space, with companies like Amazon and FedEx working to master ground, air and drone transportation, and new entrants like SpaceX honing its expertise in space launch. Autonomous transportation startup Aevum wants to do both.