Thursday, 2 July 2020

After Self-Driving Cars, Amazon Now Aims For Space


Amazon's AWS, the cloud-computing branch of the e-commerce giant has unveiled a new space business segment. Called the Aerospace and Satellite Solutions business segment, it aims to bring AWS services and solutions into the space enterprise. With a dedicated unit to accelerate innovation in the global aerospace and satellite industry, the company has proclaimed its interest in driving innovation in space.

Being one of the most comprehensive cloud platforms, AWS is uniquely positioned to help make the flow of space data more accessible, cost-effective and actionable. For instance, working with AWS, companies can provide near real-time geospatial maritime intelligence, drive the rapid growth of the geospatial industry, increase the scalability of operations, and more.

Space has become the new area of interest as more and more private companies are venturing into this diverse segment. Companies like Microsoft are also working on space-related services with its Azure cloud computing platform. Amazon’s recent move into the space business assures that in the coming future, space will be a more accessible and cost-effective industry.

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After Self-Driving Cars, Amazon Now Aims For Space

It was only recently that Amazon had acquired Robo-taxi maker Zoox to announce its interest in the autonomous vehicle industry. Now AWS, the cloud-computing branch of the e-commerce giant has unveiled a new space business segment. Called the Aerospace and Satellite Solutions business segment, it aims to bring AWS services and solutions into the space enterprise.

Sony Announces Its India-Based Research Company - Analytics India Magazine


Sony Corporation on Tuesday released a press statement noting that its research company — Sony Research India Private Limited (Sony Research India) — will be effective from July 1st, 2020. Sony Research India will consist of R&D Center India Bengaluru Laboratory and Mumbai Laboratory as part of Sony’s Global R&D centres.

Sony Corporation will offer career opportunities as it will hire practitioners of cutting-edge technologies such as AI and data analytics. The research centre will work on a wide range of areas to innovate and come up with solutions that can revolutionize the way we carry out several tasks. In particular, the research centre will be foundational to exploring and contributing towards the well-being of the society and the sustainable development ambitions.

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Sony Announces Its India-Based Research Company - Analytics India Magazine

Sony Corporation on Tuesday released a press statement noting that its research company - Sony Research India Private Limited (Sony Research India) - will be effective from July 1st, 2020. Sony Research India will consist of R&D Center India Bengaluru Laboratory and Mumbai Laboratory as part of Sony's Global R&D centres.

Startup Funding Alert: Flinto Raises 7.2 Million In Pre Series B Funding


Flinto Learning Solutions, the market leader in Early Childhood Education in India, has raised $7.2 million in Pre-Series B funding, led by Lightbox Ventures. Flinto will be using this fresh flow of capital to support its rapid growth in the early learning space and to expand its newly-launched preschool solution during the COVID-19 pandemic -- Flintoclass@HOME.

This preschool model is set to become a game-changer amid the turbulent COVID-19 environment as it delivers hybrid preschool education to the doorstep, allowing children to learn from the safety of their homes. Founded in September 2013 by 3 fathers - Arunprasad Durairaj, Vijay Babu Gandhi and Shreenidhi Srirangam, Flinto is built on a mission to change the way children across the world learn and play.

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Flinto Raises 7.2 Million In Pre Series B Funding

Flinto will be using this fresh flow of capital to support its rapid growth in the early learning space and to expand its newly-launched preschool solution during the COVID-19 pandemic -- Flintoclass@HOME. Flinto Learning Solutions, the market leader in Early Childhood Education in India, has raised $7.2 million in Pre-Series B funding, led by Lightbox Ventures.

Startup Funding Alert: Nuvyyo raises $6 million Series B to ramp up production of its digital video recorder system


Ottawa-based Nuvyyo has raised a $6 million CAD Series B round of financing, to be used to accelerate the production of its Tablo Over-the-Air (OTA) digital video recorder (DVR), which allows consumers to browse, record, and stream television programs without the need for program subscriptions.

“Use of Over-the-Air TV antennas is up more than 50 percent over the past eight years as traditional pay-TV providers consistently report record quarterly subscriber losses,” said Grant Hall, CEO of Nuvyyo. This capital will help them meet the increased demand for Tablo DVRs via both retail and direct-to-consumer channels.

Unlike satellite, cable, or Internet protocol television, OTA TV is a type of broadcasting in which a television signal is transmitted by radio waves from an Earth-based transmitter of a television station to a TV receiver with an antenna. Its OTA DVRs allow users to watch and record free OTA television to move away from using cable and satellites for their television experience. The company's DVR system that combines a physical device with software apps for smartphones, tablets, computers, and streaming set-top-boxes to watch TV from multiple devices.

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Nuvyyo raises $6 million Series B to ramp up production of its digital video recorder system

Ottawa-based Nuvyyo, which creates software and hardware in the television and home media space, has raised a $6 million CAD Series B round of financing, bringing its total funding to date to $10 million. "Although the global economy faces ongoing uncertainty, Nuvyyo is well-positioned for success."

Startup Funding Alert: Mitron raises seed funding of Rs 2 Cr from 3One4 Capital and LetsVenture


Indian short-form video app MitronTV hailed by many as India’s answer to now banned TikTok, has received seed funding of Rs 2 crore from 3one4 Capital and LetsVenture.

MitronTV was launched two months ago as a short video-making app developed by two friends turned co-founders Shivank Agarwal and Anish Khandelwal. Within two months of its launch, the app crossed 100 million downloads, and has a rating of 4.4 out of 5 on Google Play Store.

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[Funding Alert] Mitron raises seed funding of Rs 2 Cr from 3One4 Capital and LetsVenture

Indian short-form video app Mitron, hailed by many as India's answer to now banned TikTok, has received seed funding of Rs 2 crore from 3One4 Capital and LetsVenture. Interestingly, the development comes two days after the Indian government banned 59 Chinese mobile applications, including top social media platforms such as TikTok, Helo, and WeChat, to counter the threat posed by these applications to the country's "sovereignty and security."

Startup Technology: The startup SynPhNe's wearable device can help stroke patients regain mobility on their own


Singapore-based SynPhNe is a neurological therapeutics startup that hopes to change the recovery process for stroke patients through its sensor-based wearable device.

Fifteen years after an incident, in 2013, Dr Subhasis Banerji founded SynPhNe. The Singapore-based digital neurological therapeutics startup has developed a wearable device to guide stroke patients to follow correct movements so that the recovery process is faster.

The challenges faced by stroke patients are quite severe. According to SynPhNe, in a country like India, there is upwards of seven million such patients, which is regarded as traumatic brain injury, with 60 percent of them being chronic, while the number of therapists stands at around 35,000.

The startup’s wearable device is a set of sensors, which are attached to the arm and head to track the electrical activity in the brain and the muscle linkages. The software in the device captures the signals and guides the affected patient through a set of exercises based on their readings and reactions.

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This startup's wearable device can help stroke patients regain mobility on their own

A national level athlete and yoga practitioner met with a car accident way back in 1998, which left him severely disabled. This led him on a quest to provide hope to individuals, especially people who have suffered stroke, that they could get back to their normal physical self.

With Tech Startups On Its Side, Kirana Store Inventory Gets Digitised


Inc42 Media covers the report of RedSeer on how with tech startups on its side, kirana store inventory gets digitised.

Key takeaways:-

1. Three out of four kiranas do not have exposure to technology platforms, says RedSeer

2. Digital payments platforms like Google Pay, Paytm and PhonePe have emerged as popular solutions. Besides this, private companies like PineLabs enable more digital transactions through their smart point-of-sales machines

3. Local startups udaan.com, ShopX - 10i Commerce Services Pvt Ltd, Jumbotail and NinjaKart are pivoting kiranas in a big way and are significantly working with them on last-mile deliveries, maintaining supply chains, effective inventory management, credit and more.

4. Besides this, he also mentioned B2B startup Khatabook, which is enabling digital bookkeeping services for these local neighbourhood stores.

5. India’s retail sector is set to grow to $1.3 Tn by the fiscal year 2025, as per RedSeer. However, the fast-moving consumer goods (FMCG) will continue to make for 90% of the sales in the sector. The report also noted that organized retail, both online and offline, is poised to grow from 16% to 22%.

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With Tech Startups On Its Side, Kirana Store Inventory Gets Digitised

Three out of four kiranas do not have exposure to technology platforms, says Redseer Udaan, ShopX, Jumbotail and NinjaKart have been popular for their supply chain solutions India's retail sector is set to grow to $1.3 Tn by the fiscal year 2025, Redseer added The neighbourhood pop and mom stores which have been a lifeline during the pandemic, woefully fall short when it comes to exposure to technology platforms for payments or procurement.