Month: January 2018

Lego bricks (or, if you’re not a pedant, Legos) are highly precise and highly consistent plastic objects. Anywhere you go in the world the Lego is the same. That means that scientists at MIT can use these little sole stabbers to create very precise scientific systems. Their first tests involve creating a microfluid pump and
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Fujifilm announced this week that it’s set to take a majority stake in Xerox. The news comes as the U.S. tech stalwart and photocopying synonym struggles to cope with an eroding demand for office printers and photocopies. The boards of both companies agreed to the deal this week, giving Fujifilm a 50.1-percent stake in the
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Asana, the productivity and collaboration service, is getting a major infusion of cash after Generation Investment Management, a London-based firm backed by former U.S. Vice President Al Gore, led a $75 million investment. Investment Management was joined in this Series D round by existing backers 8VC, Founders Fund, Y Combinator President Sam Altman who also participated
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Bench, the TechStars-backed bookkeeping service for SMBs, has today announced the close of an $18 million B-1 funding round led by iNovia Capital. Existing investors, including Bain Capital Ventures, Altos Ventures, and Silicon Valley Bank, also participated in the round. Bench first launched out of TechStars NYC in 2012. Back then, the company was called
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SoftBank is partnering up with messaging app Line to help develop its Line Mobile telecom service. Line announced that it has agreed to allow SoftBank to take a 51 percent in the business via an issuance of new shares. The deal is expected to close by March. From the documents, its mobile business is valued
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A new vertical fund from pan-European VC firm Speedinvest is officially outing today. Dubbed “Speedinvest x” and targeting a final closing of €25 million, of which €20.5 million has already been committed, the micro VC fund will target early-stage marketplace startups exclusively. Specifically, I’m told Speedinvest x will make pre-seed, seed and early Series A
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What should we do about token sales? Two days ago a Lithuanian “company” called Prodeum looked like a promising if silly blockchain startup. Their stated goal? To track every piece of food on the internet. While I doubt many of us will care about the exact provenance of the orange we just ate, we could
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The U.S. Department of Justice and the Securities and Exchange Commission are jointly investigating Apple’s communications about the software update that slowed down older models of the iPhone, Bloomberg is reporting. Citing sources familiar with the matter, the government has reportedly requested details on the company’s communications about the software update. The Bloomberg report indicates
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Is there such a thing as bad publicity? It’s an interesting and contested question. To wit: Self styled ‘digital contraception’ app, Natural Cycles — which relies on a set of proprietary algorithms and women inputting their morning body temperature to predict fertility levels each day — has claimed that negative headlines generated after a clinic reported
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Heptio holds a special place in the Kubernetes startup ecosystem. Its co-founders, Craig McLuckie and Joe Beda, are, after all, also two of the co-founders of the Kubernetes project (together with Brendan Burns), which launched inside of Google. Heptio also raised $8.5 million when it launched in 2016 (and another $25 million last year), but it
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Yet another defeat in the courts for the UK government’s use of mass surveillance as an indiscriminate and, as it frequently turns out, unlawful investigatory tool. Today the UK’s Court of Appeal handed down its ruling in a long running challenge to the 2014 Data Retention and Investigatory Powers Act (DRIPA) — judging that the
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With Event Grid, Microsoft introduced a new Azure service last year that it hopes will become the glue that holds together modern event-driven and distributed applications. Starting today, Event Grid is generally available, with all the SLAs and other premises this entails. Using Event Grid, developers can easily connect virtually any service to another, no
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As the founder of the Google Brain deep learning project and co-founder of Coursera, Andrew Ng was one of the most recognizable names in the machine learning community when he became Baidu’s chief scientist in 2014. He left there in early 2017 and quickly launched a number of new AI projects, including the Deeplearning.ai course and Landing.ai,
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