Horizontals

Horizontals

Bosch, Nvidia developing AI self-driving systems for mass market cars

Bosch says it is working with Nvidia to develop artificial intelligence self-driving systems for mass market cars. According to a statement from Nvidia, the two companies are developing an AI self-driving car computer built on Nvidia's deep learning software and hardware,...

D-Wave, Virginia Tech to create permanent quantum computing center

D-Wave and Virginia Tech have inked an agreement to work towards the creation of a permanent quantum computing center, to house a D-Wave system at the Hume Center for National Security and Technology. The initiative is a joint effort to...

Intel buys Mobileye for $15.3B

Intel is acquiring Mobileye, an Israeli company that makes sensors and cameras for driverless vehicles, for roughly $15.3 billion.The transaction has been approved by the Intel and Mobileye boards, and is expected to close within the next nine months subject to customary closing...

Commercial 50 qubits quantum computing systems coming in few years, says IBM

IBM says it aims at constructing commercial IBM Q quantum computing systems with ~50 qubits in the next few years, delivered via the company's cloud platform. IBM Q systems will be designed to tackle problems that are currently seen as too complex...

Mitsubishi Electric introduces FA-IT open platform for factory automation

Mitsubishi Electric has launched a FA-IT open platform for factory automation based on edge computing. The platform facilitates connectivity between factory shop floors and value chains via Internet of things (IoT) systems, says the company. Vendors can download the free development...

Berkshire Hathaway energy subsidiaries to deploy Uptake SaaS solutions

Two subsidiaries of Berkshire Hathaway Energy have signed a long-term contract for Uptake Wind with Chicago-based predictive analytics SaaS platform company Uptake Technologies. The announcement follows nearly a year of joint research, design and development on a predictive portfolio management solution for...

DARPA selects SSL for robotic servicing of geosynchronous satellites

DARPA has selected Space Systems Loral (SSL), based in Palo Alto, CA, as its commercial partner for the agency’s Robotic Servicing of Geosynchronous Satellites (RSGS) program. DARPA and SSL seek to develop technologies that would enable cooperative inspection and servicing...

Symantec forms venture capital arm for cyber security investments

Symantec has formed a venture capital arm called Symantec Ventures, to invest in cyber security startups. In addition to contributing capital, the company says it aims to help the startup community reduce expenses and accelerate time to market with the new initiative. Symantec...

Altamira awarded $18M application development contract

Altamira Technologies, a company that provides engineering, analytic services, and open source software for security, has been awarded an $18 million contract to provide classified full lifecycle engineering, development, and sustainment of a mission critical system supporting the U.S. Intelligence community. Work...

Celect raises $10M

Celect, a Boston-based company that offers a cloud-based predictive analytics SaaS platform for retailers, has closed $10 million in Series B funding. The investment was led by Activant Capital, with participation from Fung Capital and August Capital. Celect is founded by MIT professors...

Rethink Robotics inks distribution agreement with Aldakin Automation

Collaborative robotics company Rethink has inked a distribution agreement with Aldakin Automation to distribute its robots to the Spanish manufacturing market. "Spanish manufacturers are looking for ways to improve smart manufacturing initiatives and overall efficiency in their factories," said Francisco...

Lumavate raises $2M

Lumavate, a company that provides mobile solutions for manufacturers, has raised $2 million in capital. The investment was led by Don Brown. Other participants in the financing round include Elevate Ventures and Allos Ventures, along with 4G Ventures and Collina Ventures.

Hewlett Packard Enterprise acquires Niara

Hewlett Packard Enterprise has acquired Niara, a Sunnyvale, California-based behavior analytics company working in the User and Entity Behavior Analytics (UEBA) security market segment. Terms of the transaction were not disclosed. The Niara behavioral analytics software automates the detection of...

Spaces raises $6.5M

Mixed reality company Spaces has raised $6.5 million in funding. The investment was led by China-based Songcheng Performances Development Co. , with additional investment from Comcast Ventures and other venture capitalists. Former DreamWorks Animation CFO Fazal Merchant, Comcast Ventures’ managing director Michael...

Microsoft acquires deep learning startup Maluuba

Microsoft has acquired Maluuba, a Montreal-based deep learning company working on natural language understanding. In a blog post, Harry Shum, executive vice president, Microsoft Artificial Intelligence and Research Group, said Maluuba’s expertise in deep learning and reinforcement learning for question-answering and decision-making systems...