Archive | December, 2016

Google acquires Cronologics

Commentary

As part of its plans to launch its Android Wear 2.0 in 2017, Google has acquired Cronologics, a startup that specialises in developing operating systems for wearable devices. Cronologics is the company behind the OS of the CoWatch, an Android-powered smartwatch that has Amazon’s voice-activated Alexa personal assistant software built-in. For Google, Cronologics is a logical partner to build its next-generation Android Wear. The Cronologics OS is already fully compatible with Android, and Google may want to use this technology to advance its Android Wear’s voice recognition capabilities as well as enable it to pair with other connected devices like the Google Home.

Trivago files for IPO

Commentary

Early this week, news broke of German online hotel search aggregator Trivago filing for a US IPO, with shares expected to price between $13 and $15, equating to a potential $428 million offering. At the midpoint of the proposed range, the company controls a considerable market value of $4.9 billion. Founded in 2005, and officially listed as Travel B.V, the company will undergo a name change ahead of its IPO which will take place around the 15th December. In 2012, American travel giant Expedia bought a majority stake in the company of 61.6% for $632 million, and will hold its stake post-IPO. Expedia shares are on the rise, as well as those of Priceline and TripAdvisor- two companies which accounted for a majority of Triage’s revenue this year. Currently experiencing rapid revenue and market growth, Trivago will list on the Nasdaq with the ticker “TRVG”.

Apple acquires Indoor.io

Commentary

With the number of indoor location-based services Apple has been acquiring these past years, it’s clear that the technology giant is committed to improving its location mapping, a service that has long been dominated by Google. Its latest buy is Indoor.io, a Finnish startup specialising in indoor mapping. The deal follows the company’s acquisition in 2013 of WifiSLAM, an indoor GPS startup that use wifi signals to pinpoint a mobile phone user’s location. Analysts predict that indoor location and positioning will soon be be huge and will unlock countless opportunities for consumers and businesses. In addition to navigation, indoor mapping can be used for proximity-based messaging, games, promotions, security, location sharing, analytics, and many more.

Top 20 Hardware & Infrastructure Deals for November 2016

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $31,000,000,000 ARM SoftBank Hardware & Infrastructure Acquisition
2 $5,900,000,000 Brocade Communications Systems Inc Broadcom Limited Hardware & Infrastructure Acquisition
3 $1,080,000,000 LeEco Consortium Hardware & Infrastructure Investment
4 $925,275,000 Heptagon ams AG Hardware & Infrastructure Acquisition
5 $600,000,000 LeEco Yueting Jia Hardware & Infrastructure Investment
6 $449,000,000 BYD Samsung Hardware & Infrastructure Investment
7 $259,716,000 Eir GIC Hardware & Infrastructure Investment
8 $200,000,000 Altair Sony Hardware & Infrastructure Acquisition
9 $195,092,000 Withings Nokia Hardware & Infrastructure Acquisition
10 $150,000,000 Velodyne LIDAR Ford Motor Company, Baidu Hardware & Infrastructure Investment
11 $120,000,000 Thalmic Labs Consortium Hardware & Infrastructure Investment
12 $120,000,000 Chehejia Consortium Hardware & Infrastructure Investment
13 $106,970,000 Devialet Consortium Hardware & Infrastructure Investment
14 $100,000,000 Ubtech CITIC Securities, CDH Investments Hardware & Infrastructure Investment
15 $93,000,000 CVRx Consortium Hardware & Infrastructure Investment
16 $90,000,000 Yi Technology Undisclosed Hardware & Infrastructure Investment
17 $85,000,000 sonnen Envision Energy, Thomas Putter Hardware & Infrastructure Investment
18 $61,200,000 Ring Richard Branson
, Kleiner Perkins Caufield & Byers
Hardware & Infrastructure Investment
19 $57,000,000 Barefoot Networks Consortium Hardware & Infrastructure Investment
20 $57,000,000 tado° INVEN CAPITAL Hardware & Infrastructure Investment

More information

  1. SoftBank completes $31 billion acquisition of ARM (The Verge)
  2. Broadcom Limited to Acquire Brocade Communications Systems Inc. for $5.9 Billion (Broadcom)
  3. LeEco raises $1.08b in funding for electric car hoping to compete with Tesla (SCMP)
  4. Austria’s ams acquires Heptagon for up to €845 million to become a worldwide leader in optical sensing (TechEU)
  5. LeEco secures $600M in fresh funding as financial issues reportedly halt electric car project (TechCrunch)
  6. Samsung Invests $449 Million in Buffett-Backed Carmaker BYD (Bloomberg)
  7. Singapore’s sovereign wealth fund GIC to acquire stake in Eir (Silicon Republic)
  8. Sony buys Israeli chip manufacturer Altair for US$200 million (e27)
  9. Nokia to Acquire Withings, for €170M (FinSMEs)
  10. FORD TARGETS FULLY AUTONOMOUS VEHICLE FOR RIDE SHARING IN 2021; INVESTS IN NEW TECH COMPANIES, DOUBLES SILICON VALLEY TEAM (Ford)
  11. Thalmic Labs’ Next Phase: Announcing $120M USD in Series B Funding (Medium)
  12. ‘China’s Elon Musk’ just raised $120m to disrupt the auto industry (Tech In Asia)
  13. Devialet Raises €100M in Funding (FinSMEs)
  14. CDH Investments Leads $100M Round In Robot Maker Ubtech (China Money Network)
  15. CVRx Secures $113M in Financing (FinSMEs)
  16. Yi Technology sets sights on drone sector after raising $90m (Financial Times)
  17. sonnen Raises $85M in Funding (FinSMEs)
  18. Internet of rings: Smart doorbell startup raises $61.2M, launches sleeker $250 Pro device (VentureBeat)
  19. Chipmaking startup Barefoot Networks raises $57M (Sillicon Valley Business Journal)
  20. Smart Home Vendor tado° Raises $23 Million to Fuel US Expansion, Bringing Funding Total to $57 Million to Date (PR Newswire)