TechTaffy

tech:

taffy

Redpoint Ventures, Lowercase Capital Invest In Electric Imp

By TechTaffy Desk

[Techtaffy Newsdesk]

Redpoint Ventures and Lowercase Capital have invested in Electric Imp. The total size of the funding is pegged at a reported $7.9 million.

Electric Imp will soon release the Imp, a WiFi enabled computer the size of an SD card, designed to allow almost any electrical product to communicate with users and services on the Web. The ‘Imps’ enable device manufacturers to connect their devices to the Internet, and lets consumers control their homes from just about anywhere using just a phone or computer. Electric Imp builds the Internet service that communicates with these devices.

Founded by former iPhone engineering manager Hugo Fiennes, former Gmail designer Kevin Fox and software architect Peter Hartley, the Electric Imp team wants to make the internet more useful to everyone and to everything. Based in Los Altos, California, the company’s mission, is to connect everything, by providing the platform to tie disparate devices together.

Just in

Industry

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.
AI

Intel’s neuromorphic system has neuron capacity of an owl’s brain

Intel says it has built the world's largest neuromorphic computing system called Hala Point, that has the neuron capacity roughly equivalent to that of an owl brain.
AI

AMD launches AI chips for business PCs

AMD has announced new Ryzen PRO 8040 Series mobile processors and Ryzen PRO 8000 Series desktop processors with AI capabilities.
AI

Adobe previews generative AI features in Premiere Pro

Adobe has previewed generative AI features within its video editing software, Adobe Premiere Pro, aimed at streamlining video creation and production workflows.
AI

Covered California implements Google Cloud’s AI solutions

Covered California, California's health insurance marketplace, has announced that it will use Google Cloud's AI solutions to simplify the process of providing health insurance to California residents.