Startup Mergers & Acquisitions: Slack acquires SaaS startup Rimeto

#startups #hrtech #employees #data #acquisitions #mergersandacquisitions #startupideas

Slack has acquired software as a service company Rimeto (acquired by Slack). Slack did not disclose the terms of the deal. Rimeto, which has raised $10 million in venture funding according to Crunchbase, builds a detailed #employee dictionary for companies. That allows #employers and fellow employees to see employees’ skills, experience and current projects.

Read on

Slack acquires SaaS startup Rimeto

Slack has acquired software as a service company Rimeto, the company announced Wednesday. Slack did not disclose the terms of the deal. Rimeto, which has raised $10 million in venture funding, builds a detailed employee dictionary for companies. That allows employers and fellow employees to see employees' skills, experience and current projects.

Startup Funding Alert: Gurugram-based startup Blue Sky Analytics raises $1.2M led by BEENEXT

#startups #fundingalert #startupfunding #dataanalytics #analytics

Gurugram-based geospatial data intelligence startup Blue Sky Analytics (BSA) has raised a $1.2 million seed funding round, led by BEENEXT Emerging Asia Pte Ltd. Zerodha-backed Rainmatter Capital Private Limited and Stanford Angels & Entrepreneurs also joined the round.

Founded by sibling duo Abhilasha Purwar (CEO) and Kshitij Purwar (CTO) in 2018, Blue Sky Analytics is building AI-powered infrastructure to analyse every pixel on the planet to retrieve the pertaining insights on air quality, water pollution, heat index, flood risk, and more.

By leveraging #satellitedata, #cloudcomputing, and #AI, the startup aims to inform various agents of the market and society with quality, accessible, and democratised environmental data.

Read on

[Funding alert] Gurugram-based startup Blue Sky Analytics raises $1.2M led by BEENEXT

Gurugram-based geospatial data intelligence startup Blue Sky Analytics (BSA) has raised a $1.2 million seed funding round, led by BEENEXT Emerging Asia Pte Ltd. Zerodha-backed Rainmatter Capital Private Limited and Stanford Angels & Entrepreneurs also joined the round. Teruhide Sato, Founder and Managing Partner, BEENEXT, said, "Over the last couple of years, there has been an increased focus on geospatial technology.

After Self-Driving Cars, Amazon Now Aims For Space

#amazon #space #geodata #data #geospatial

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.

Read on

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

#research #sony #RandD #AI #artificialintelligence #analytics #dataanalytics #career #hr

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.

Read on

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: Automated data integration provider Fivetran raises $100M at $1.2B valuation

#automation #dataintegration #dataanalytics #fundingalert #startupfunding #startups #unicorns #unicornclub

Fivetran , a Bengaluru-based company in automated data integration with headquarters in Silicon Valley, has raised $100 million in Series C funding, led by Andreessen Horowitz (a16z) and General Catalyst, with participation from existing investors CEAS Investments and Matrix Partners.

Fivetran claims to solve a key problem faced by companies today - centralising data for analysis without wasting engineering resources on building and maintaining individual connectors.

Read on

[Funding alert] Automated data integration provider Fivetran raises $100M at $1.2B valuation

Fivetra​ n,​ a Bengaluru-based company in automated data integration with headquarters in Silicon Valley, has raised $100 million in Series C funding, led by Andreessen Horowitz (a16z) and General Catalyst, with participation from existing investors CEAS Investments and Matrix Partners. Trevor Oelschig, Managing Director at General Catalyst Growth, will join the Fivetran board.

Agricultural Tech: This MeitY-backed deeptech startup AIGROEDGE uses IoT sensors to monitor farms and improve crops

#agritech #farming #IoT #startups #agriculture #deeptech #ai #artificialintelligence #dataanalytics #saas

Delhi-based deeptech startup AIGROEDGE Technologies, co-founderd by Mayank Rajput, ABHAI TIWARI, and Akshay Taneja, has built a proprietary #IoT sensor that monitors agricultural lands in real-time and improves crop visibility for farmers.

AIGROEDGE has built a proprietary intelligent farming kit, which includes an Internet of Things (IoT) based sensory device known as ‘KRAASHAK’ and a #SaaS-based analytics platform called AgriVitals.

The Delhi-based startup measures soil parameters (temperature, moisture, conductivity, pH level, moisture absorbance rate); environmental parameters (temperature, humidity, atmospheric pressure, light intensity, CO2 level, and weather data from external stations); and geographic parameters in real-time by deploying multiple sensor nodes across agricultural fields. Typically, one acre of land requires five sensors to capture adequate data.

AIGROEDGE operates on a B2B model; its customers include farms and agritech firms, genetic and plant breeding companies, and government and farm finance providers.

Read on

This MeitY-backed deeptech startup uses IoT sensors to monitor farms and improve crops

Serial entrepreneur and innovator Mayank Rajput has dabbled in sensory systems, electronics, and material design for almost seven years. This is the electronics engineer's second entrepreneurship stint after StretchSkin Technologies, which he founded in 2018. The Singapore-based startupbuilds stretchable and wearable sensory systems for physical rehab, gaming, and training.

Fintech Card Solutions: Mastercard set to acquire Finicity for $825m

#fintech #openbanking #lending #mastercard #visa #mergersandacquisitions

Mastercard has agreed to buy Finicity, a financial data aggregation start-up Plaid, for $825 million.

If performance targets are met, Finicity’s existing shareholders will earn up to $160 million on top of the sale price, taking the total value of the deal to $985 million.

This follows a similar move by rival Visa in January, which saw the card issuer giant buy data aggregator fintech Plaid for five times the price of Finicity at $5.3 billion.

Much like Plaid’s open banking services, Finicity allows financial services firms to gain financial insights around payments, account and asset verification, and transactions.

The card issuer giant also wants to focus on improving credit decisioning, and envisions that the integration of Finicity’s account owner verification tools will speed up automated clearing house (ACH) and real-time payments.

Earlier this month, it was revealed that Visa’s acquisition of Plaid is being investigated by the UK’s Competition and Markets Authority (CMA). This raises questions over Mastercard’s acquisition of Finicity, and whether it too will fall under regulatory scrutiny over potential impacts to competition.

Read on

Mastercard set to acquire Finicity for $825m - FinTech Futures

Mastercard is buying Finicity, a financial data aggregation start-up, for $825m. Existing shareholders will earn up to $160m on top of the sale price.

EV Technology: AI breakthrough slashes EV battery testing time by 98 percent

Source:- Siliconrepublic.com

In the race to bring EVs to the masses, researchers have developed a machine learning algorithm that could supercharge battery development.

A collaboration between Stanford University, Massachusetts Institute of Technology and the Toyota Research Institute has led to the development of a new machine learning method that aims to overcome one of the biggest issues in the development of electric vehicles (EVs).

This bottleneck involved the evaluation time of EV batteries, where new technologies must be tested for months – or even years – to see how long they will last. However, in a paper published to Nature, the research team said its new #AI slashes the amount of time it takes to test #EV batteries by 98pc. While the focus of the study was on battery charge speed, it can be applied to other parts of battery development and even to non-energy technologies.

Read on

AI breakthrough slashes EV battery testing time by 98pc

In the race to bring EVs to the masses, researchers have developed a machine learning algorithm that could supercharge battery development. A collaboration between Stanford University, MIT and the Toyota Research Institute has led to the development of a new machine learning method that aims to overcome one of the biggest issues in the development of electric vehicles (EVs).