September 20, 2016 1 Comment
Japan-based SoftBank, one of the largest technology companies in the world, has recently acquired British chip maker ARM Holdings for $31.4 billion. Headquartered in Cambridge, England, ARM Holdings provides chips to 95% of smartphones, 80% of digital cameras, and 35% of all electronic devices. As part of the acquisition, ARM will now be delisted from the London Stock Exchange. According to sources, ARM was acquired to boost SoftBank’s Internet of Things (IoT) plans. The deal could give SoftBank the technological edge that it needs to transform itself from a telecoms company into a global leader with a platform focused on the IoT. It will also allow Japan to regain control of the memory chips market, which has been dominated by the UK and South Korea.
May 27, 2016 Comments Off on Intel acquires IoT startup Itseez
Intel has acquired machine-vision startup Itseez for an undisclosed amount. Itseez’s technology allows computers to see and understand things around them. It’s being used today in security applications, self-driving cars and robotics. The startup specialises in providing automakers with Advanced Driver Assistance Systems (ADAS) algorithms that enables cars to detect obstacles on the road. The ADAS system can warn the driver of incoming collisions, approaching pedestrians, traffic signs or if the car has drifted off the lane. The company also has a face analysis and manipulation technology called Facense. According to Intel, Itseez will be a vital part of the company’s Internet of Things strategy. It will support Intel’s efforts in the digital security and surveillance market, as well as in the autonomous driving and industrial inspection sector.
April 11, 2016 Comments Off on Japanese startup Kamarq raises $3.2M to manufacture smart tables
As we move towards a connected world, there’s an increasing number of smart furniture being created to answer the rising consumer demand for tech-focused household items. In Japan, one of the rising stars in this sector is Kamarq’s Sound Table. Developed by startup Kamarq Holdings, the Sound Table is an IoT furniture that can play music and nature sounds by the use of an app. Kamarq Holdings recently announced it has raised $3.2 million from Energy & Environment Investment, Saison Ventures, iSGS Investment Works, and angel investors. According to sources, the capital will be used to manufacture more Sound Tables and similar devices.
You can read about the funding here.
February 10, 2016 Comments Off on A very big deal
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