Tag: Entrepreneur

Cloud

Pot luck: Hound Labs raises $8.1 million to combat stoned drivers with cannabis breathalyzers

Law enforcement agencies have been using breathalyzers to test motorists’ sobriety for decades, but a new startup is staking a claim to bring its cannabis version of the technology to market. So far, the only reliable ways to test for cannabis use have been through saliva, blood, or urine, which aren’t always practical in a…

Tech

CDN provider Fastly raises $50 million to help online companies deliver content at speed

Fastly , a content delivery network (CDN) provider, has announced a $50 million series E round of funding led by Sorenson Capital, with participation from Sapphire Ventures, Iconiq Capital, Amplify Partners, August Capital, O’Reilly AlphaTech Ventures (OATV), and IDG Ventures. Founded out of San Francisco in 2011, Fastly’s cloud-based edge platform helps content-focused companies, including the New…

Tech

YC-backed KidPass raises $5.1 million to provide a variety of fun activities

Between smartphones, tablets, TVs, video games, and VR goggles, it’s hard to drag kids away from the digital world. KidPass wants to change that by offering a membership-based online marketplace of activities for kids, ranging from arts and crafts to camps and museums. The New York-based startup announced today that it has secured $5.1 million…

Tech

Apple and Nokia end legal spat by signing multi-year patent agreement

Nokia and Apple have announced that they have settled an ongoing intellectual property (IP) spat, with the duo signing a “multi-year” patent license. Nokia and Apple settled a two-year legal battle  back in 2011 over license fees for patents that Nokia owned, however late last year Nokia claimed that Apple had “declined subsequent offers” that…

Tech

89% of CIOs are investing more heavily in innovation due to uncertainty

Nine out of 10 chief information officers are investing more heavily in innovation, according to an annual survey by recruitment firm Harvey Nash Group and accounting firm KPMG . Two-thirds (64 percent) of organizations are adapting their technology strategies in the midst of unprecedented global political and economic uncertainty, the survey found. More than half of…

Tech

The trick to a successful company? Start it outside Silicon Valley

GUEST: There’s a startup renaissance underway — and it’s not happening in Silicon Valley. Or New York, Boston, Los Angeles, or any of the usual destinations for entrepreneurs with big ideas. From Lincoln to Phoenix to Madison, thriving startup ecosystems have emerged in the traditionally overlooked “flyover” states to challenge the “Silicon Valley or bust”…

Tech

Microsoft is helping restaurants cook up their own bots

Microsoft has launched a service for businesses to quickly and easily create a FAQ bot customers can chat with inside Bing search results. The Bing Business Bot service begins by asking a business owner a series of basic questions about their business, like where parking is, how to make reservations, and handicap accessibility details. The service then creates a…

Tech

European directors call on U.S. internet giants to help finance more films

In the face of continued disruption of creative markets, a list of more than 80 notable European directors today issued a call  at the Cannes International Film Festival for “internet giants” to invest more in the region’s film scene. Cannes has already been swirling with controversy this year due to the inclusion of two Netflix original…

Cloud

Former IBM employee pleads guilty to ‘economic espionage’ after stealing trade secrets for China

A former developer for IBM pled guilty on Friday to economic espionage and to stealing trade secrets related to a type of software known as a clustered file system, which IBM sells to customers around the world. Xu Jiaqiang stole the secrets during his stint at IBM from 2010 to 2014 “to benefit the National…