Tag: category-/Business & Industrial

Coda mobile game publishing platform raises $4 million in seed funding

Coda is a new game-publishing platform that’s promising to make it easier to unlock the creativity of mobile game developers. And now the company is getting an influx of cash to grow that business. Today, Coda announced it has raised $4 million from gaming-focused investment firm London Venture Partners. With this money, Coda plans to […]

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Concentric raises $7.5 million to identify and protect sensitive enterprise data with AI

It’s estimated that the average organization has 1.2 million documents, making it difficult to identify and secure sensitive data. This dilemma motivated Karthik Krishnan, formerly vice president of Hewlett Packard Enterprise subsidiary Aruba, to cofound Concentric with Shankar Subramaniam and Madhu Shashanka, which emerged from stealth today with $7.5 million in funding from Clear Ventures, […]

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Sea’s Garena acquires Dauntless game maker Phoenix Labs

Singapore-based Sea said that its Garena game division has acquired Phoenix Labs, maker of the Dauntless free-to-play video game. Dauntless launched last year and it now has more than 20 million players spread across the PC, console, and mobile platforms. In December, the game had 16 million downloads. The move is a big one for […]

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Apple: Coronavirus concerns offset record Q1 iPhone and wearable sales

Fresh off reporting record earnings of $91.8 billion for the holiday quarter, Apple CEO Tim Cook and CFO Luca Maestri used a conference call with financial analysts to offer additional details on the health of the company’s business at the beginning of 2020 — arguably the strongest point in its history, as measured in both […]

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The latest streaming battle: Who defines viewer numbers?

Last week Netflix released fourth quarter earnings that beat both the top and bottom-line expectations analysts had set for the streaming giant. Its stock gained nearly 10% in the following trading sessions, equivalent to adding more than $10 billion to its market capitalization. Although the company also missed growth expectations in the US and gave […]

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Apple’s Q1 2020 revenue hits record $91.8 billion, boosted by wearables

Having trimmed the prices of most iPhone models just ahead of the 2019 holiday season, and launched multiple new services to goose its subscription numbers, Apple positioned itself for the strongest holiday season in its history. Today, the company announced its fiscal first quarter 2020 results, and overall, they blew away expectations: $91.8 billion in […]

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AMD sees $2.13 billion in Q4 revenue thanks to Ryzen and Radeon refreshes

In the fourth quarter ended December 31, Advanced Micro Devices reported earnings that beat Wall Street’s expectations for the maker of processors and graphics chips. The big chip maker announced non-GAAP earnings per share was 32 cents on revenue of $2.13 billion. Analysts expected EPS of 31 cents on revenue of $2.11 billion. The revenue […]

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AppOmni raises $10 million to monitor and manage app security and compliance

Some estimates show that an astounding 92% of web apps have security flaws or weaknesses that can be exploited and some 16.2% of U.S. companies have two or more web apps that don’t securely store personally identifiable information. If you ask AppOmni founder Brendan O’Connor, the problem is less negligence than ignorance. Companies often lack […]

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Roambee raises $15.2 million to track physical assets with AI

An astonishing 55% of small businesses that deal in physical assets don’t manage them in any way. Roambee is working to change that. The Santa Clara, California-based startup provides on-demand shipment and asset monitoring for companies in the logistics, transportation, finance, pharmaceutical, and automotive industries, with products that combine internet of things sensors and AI […]

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Miso Robotics unveils its next-gen robot kitchen assistant

According to a McKinsey & Company analysis, 73% of the activities food service workers perform have the potential for automation. This might seem like cause for alarm, but Miso Robotics, a startup developing automation products for fast-food and quick-service restaurant kitchens, asserts machines can boost productivity by working with humans as opposed to wholly replacing […]

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GM to invest $2.2 billion to make electric trucks and SUVs at Detroit factory

(Reuters) – General Motors will invest $2.2 billion in its Detroit-Hamtramck assembly plant to build electric trucks and sport utility vehicles, a move that would create 2,200 jobs, the No.1 U.S. automaker said on Monday. The company said its first electric truck will be a pickup, whose production will begin late next year and will […]

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Iguazio raises $24 million for AI development and management tools

AI adoption levels are higher than they’ve ever been in the enterprise. According to a January survey conducted by Gartner, corporate use of AI grew 270% over the past four years. But developing, deploying, and managing AI applications at scale requires a platform that supports doing so, which is what startup company Iguazio provides. Its […]

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U.S. senator urges Tesla to rebrand its Autopilot driver assistance system to reduce misuse

(Reuters) — A U.S. senator on Friday urged Tesla to rebrand its driver assistance system Autopilot, saying it has “an inherently misleading name” and is subject to potentially dangerous misuse. But Tesla said in a letter that it had taken steps to ensure driver engagement with the system and enhance its safety features. The electric […]

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In public cloud, what worked at 1PB won’t work at 100PB

Public cloud has served as a catalyst to nearly every successful enterprise. It brought into being a plethora of startups. For small teams with great ideas the public cloud’s cost model and convenience made it possible to build a business. Public cloud providers unlocked innovations that otherwise would have taken much longer or never would […]

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Get ready for a direct-to-consumer shakeup in 2020

You can say that 2019 was the year of the direct-to-consumer (DTC) retail brand. With a huge influx of new funding and new scaling heights, we saw brands emerge trying to “own” categories ranging from mattresses to luggage to dental to shaving. But with all the hits there were definitely some misses as brands struggled to meet the valuation expectations set […]

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Green Man Gaming’s new program simplifies the publishing process

This article is made possible by Intel’s GameDev BOOST program — dedicated to helping indie game developers everywhere achieve their dreams Green Man Gaming isn’t the most straightforward name for an online retailer. But it has some sentimental value for cofounders Paul Sulyok and Lee Packham, who first talked about starting the company while at […]

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GDC survey: Game devs favor unionization, PC, and next-gen consoles

Game developers favor the unionization of their industry. They consider the PC to be the best platform to develop games for. And they are excited about the coming next-generation consoles from Microsoft and Sony. Those are the results of a new survey of 4,000 game industry professionals. One of the key results was that 54% […]

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Intel CEO: We’re confident in the future, we generated $3.8 billion in AI revenue in 2019

Intel reported strong fourth-quarter earnings and revenues that beat Wall Street’s expectations today. And Bob Swan, CEO of the biggest maker of PC and datacenter processors, said in an analyst call today that the company had gained market share and was confident in its future. In 2019, Swan said Intel generated $3.8B in AI-based revenue. […]

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How open, trusted edge can help improve data sharing and monetization

This article is part of the Technology Insight series, made possible with funding from Intel. Data is valuable only insofar as you can trust it. If you can’t be confident about its origin or contents, then the information isn’t worth much.That’s a big problem for businesses eyeing the 5G future and developing strategies for monetizing […]

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Waymo expands autonomous truck testing to Texas and New Mexico

Waymo, the Google parent company Alphabet subsidiary whose autonomous vehicles have driven more than 20 million miles, is expanding its geographic footprint into Texas and New Mexico. In a tweet this morning, Waymo announced it will begin testing self-driving trucks on “promising” commercial routes in the states as it pursues new transportation solutions, primarily along […]

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Hivebrite raises $20 million for community engagement and management tools

Engaging and managing online groups can be the stuff of nightmares, but it is generally worth it — communities on average generate a 6,469% return on investment for organizations, according to one report. Fortunately for those who don’t want to get involved with the logistical nitty-gritty, there’s Hivebrite, a startup developing a rebrandable community creation […]

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