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Social Robot Maker Jibo Raises $13M - Robotics Trends

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The social robot startup Jibo has raised $13.1 million from investors, but a filing with the Securities and Exchange Commission shows the company is looking to raise a total of $28 million.


Samsung to buy auto-parts supplier Harman for $8 billion, becomes major player in auto technology

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Samsung Electronics Co. is making a drive for control of the car. The South Korean smartphone maker said Monday that it would buy U.S. auto-parts supplier Harman International Industries Inc., based in Stamford, Conn., for $8 billion in an all-cash deal that instantly makes Samsung a major player in the world of automotive technology. The deal -- Samsung's biggest acquisition in its history -- reshapes the pecking order in the global automotive supply chain, reflecting a quickening pace of innovation and an increased role for companies with deep pockets and a keen understanding of mobile services. Harman, an audio pioneer that dates back to 1953, has in recent years pushed aggressively into the automotive world under CEO Dinesh Paliwal, and has secured billions in new business, including big contracts with General Motors Co. and Fiat Chrysler Automobiles NV. It has projected an order backlog of $24 billion, more than three times annual revenue, and about two-thirds of its current sales come from auto makers.


Zugata raises $7 million to make annual performance reviews obsolete

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Even before they began to graduate from college, millennials drove changes at work, from management and recruiting practices to the design of office interiors. But companies are still adapting and figuring out what matters most to this large demographic and employee base. Now, a tech startup called Zugata has raised $7 million in Series A venture funding to replace the crusty old performance review with something more motivating to this group than a twice-a-year, managerial write-up. Investors in Zugata's new round included Canaan Partners, General Catalyst and Redpoint Ventures. Founded in 2014, Palo Alto-based Zugata developed software as a service that automatically figures out who employees work with most, and then helps them gather feedback from each other, directly, without managers or HR departments eavesdropping.


Samsung Electronics buys auto-systems maker Harman for $8B

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SEOUL, South Korea โ€“ Samsung Electronics says it has agreed to acquire auto-systems maker Harman for $8 billion as the South Korean giant eyes the growing market for connected cars. Samsung said in a statement Monday it will pay $112.00 per share in cash for the Stamford, CT.-based company. Overseas acquisitions are high on Samsung's agenda. Last month, the company bought artificial intelligence firm Viv Labs, founded by creators of Apple's Siri. It also recently bought a cloud service company, a mobile payments firm and a connected home startup.


Samsung Electronics : buys auto-systems maker Harman for $8B 4-Traders

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Samsung Electronics says it has agreed to acquire auto-systems maker Harman for $8 billion as the South Korean giant eyes the growing market for connected cars. Samsung said in a statement Monday it will pay $112.00 per share in cash for the Stamford, CT.-based company. Overseas acquisitions are high on Samsung's agenda. Last month, the company bought artificial intelligence firm Viv Labs, founded by creators of Apple's Siri. It also recently bought a cloud service company, a mobile payments firm and a connected home startup. Harman provides connected cars and audio systems with safety and entertainment features.


Samsung Electronics buys auto-systems maker Harman for $8 billion

Los Angeles Times

Samsung Electronics says it has agreed to acquire auto-systems maker Harman for $8 billion as the South Korean giant eyes the growing market for connected cars. Samsung said in a statement Monday it will pay $112.00 per share in cash for the Stamford, CT.-based company. Overseas acquisitions are high on Samsung's agenda. Last month, the company bought artificial intelligence firm Viv Labs, founded by creators of Apple's Siri. It also recently bought a cloud service company, a mobile payments firm and a connected home startup.


Flipboard on Flipboard

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Revenue was up 54% from last year and beat analysts' expectations by over $300 million. Nvidia used to be a little company making graphics chips for PCs, but it's well on the way to transforming into one of the leading computing platforms for cloud servers, machine learning, and artificial intelligence. Fortunately for Nvidia, it turns out that the kinds of tasks graphics chips are good at--like processing many, many simple calculations at the same time--are just what's needed to run analysis programs in a cloud data center, steer a self-driving car, or pilot an automated drone. Thursday brought more evidence that the company's successful transition is in full swing. Nvidia NVDA reported third quarter results that blew through Wall Street expectations, and its stock price, which had already doubled this year, rose another 15% in after-hours trading.


Wipro Cited as a Leader in Service Providers for Next-generation Oracle Application Projects by Leading Independent Research and Advisory Firm 4-Traders

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Wipro Cited as a Leader in Service Providers for Next-generation Oracle Application Projects by Leading Independent Research and Advisory Firm Business Wire India Wipro Ltd. (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company today announced that Wipro has been cited as a "Leader" by technology global research and advisory firm Forrester Research Inc. in its report, 'The Forrester Wave(TM): Services Providers for Next-Generation Oracle Application Projects, Q3 2016'. Forrester evaluated 13 service providers across three categories of current offering, strategy and market presence. Forrester wrote, "Wipro is a proven provider making big investments in the shift to cloud. It has a long track record of delivering Oracle services ... [Wipro] was recognized by Oracle with a co-innovation award at Oracle's Collaborate conference in 2016." According to the Forrester report: "Wipro wants to be the partner of choice for tomorrow's digital businesses; it has invested in its own artificial intelligence tool, [Wipro HOLMES Artificial Intelligence Platform(TM)], and in next-generation Oracle technologies. Wipro has recently started to invest in digital experience and customer journey mapping capabilities, including its acquisition of Designit and associated studios."


RiskIQ raises $30.5 million to use machine learning to assess security risks โ€“ VentureBeat - Deals - Dean Takahashi

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RiskIQ, a startup with a new kind of security technology, has raised $30.5 million in a third round of funding. Georgian Partners led the round, with participation from existing investors Summit Partners, Battery Ventures, and MassMutual Ventures. RiskIQ notes that threats outside the firewall are vast and dynamic, so the company provides clients with access to the widest range of security intelligence and applications necessary to understand exposures and how to take action. RiskIQ is one of many companies currently applying machine learning to security. The San Francisco-based company will use this capital to expand its platform, sales, and digital risk applications.


Cape Analytics raises $14 million to use computer vision for better insurance quotes

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Cape Analytics has raised $14 million to use computer vision and machine learning to improve automated property underwriting for insurance companies. Formation 8 led the round, with participation from XL Innovate, Data Collective, Lux Capital, Khosla Ventures, Promus Ventures, and Montage Ventures. The funding is one more application of machine learning and computer vision for business automation. Palo Alto, Calif.-based Cape Analytics starts with images of a home to help assess the home's value and allow an insurance carrier to deliver more accurate and fast quotes. The funding will allow Cape Analytics to expand its world-class engineering and sales teams as it brings its proprietary data to more regions and customers around the United States.