System Monitoring
Kids Are Back in Classrooms and Laptops Are Still Spying on Them
This is what high school teachers see when they open GoGuardian, a popular software application used to monitor student activity: The interface is familiar, like the gallery view of a large Zoom call. But instead of seeing teenaged faces in each frame, the teacher sees thumbnail images showing the screens of each student's laptop. They watch as students' cursors skim across the lines of a sonnet or the word "chlorofluorocarbon" appears, painstakingly typed into a search bar. If a student is enticed by a distraction--an online game, a stunt video--the teacher can see that too and can remind the student to stay on task via a private message sent through GoGuardian. If this student has veered away from the assignment a few too many times, the teacher can take remote control of the device and zap the tab themselves.
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Insurtech Startup With Claims Monitoring Platform Raises $30M
Labs Inc. raised $30 million in new venture capital. Many plans are in play to spend the cash infusion, including hiring, and accelerated growth plans for the company's machine learning-focused insurance claims monitoring platform. "By leveraging machine learning to automate and remove bias from the process, we are blazing the trail to a future where nobody pays for fraud," Sean Merat, co-founder and CEO of owl.co, said in prepared remarks. The technology involves a secure, evidence-based insurance claims monitoring platform that owl.co claims has greater due diligence at scale, while removing human bias from the detection process. With machine learning, owl.co automates the claims monitoring process.
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Workplace monitoring platform Aware takes in $60M
Learn more about what comes next. Aware, a platform that analyzes employee behavior across messaging platforms like Slack, today announced that it raised $60 million in a series C round led by Goldman Sachs Growth Equity, with participation from Spring Mountain Capital, Blue Heron Capital, Allos Ventures, Ohio Innovation Fund, JobsOhio, and Rev1 Ventures. The company says that the capital, which brings its total raised to over $86.9 million, will be put toward product development, sales efforts, and hiring. "This specific investment will allow us to make significant progress towards helping organizations see the human difference across all functions of the business. We expect to rapidly expand our current integrations into new platforms, as well as to ingest and analyze digital signals from all areas of the organization," cofounder and CEO Jeff Schumann told VentureBeat via email.
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Tesla is 'checking up on drivers' with new monitoring software
Autopilot uses cameras, ultrasonic sensors and radar to see and sense the environment around the car. The sensor and camera suite provides drivers with an awareness of their surroundings that a driver alone would not otherwise have. A powerful onboard computer processes these inputs in a matter of milliseconds to help what the company say makes driving'safer and less stressful.' Autopilot is a hands-on driver assistance system that is intended to be used only with a fully attentive driver. It does not turn a Tesla into a self-driving car nor does it make a car autonomous. Before enabling Autopilot, driver must agree to'keep your hands on the steering wheel at all times' and to always'maintain control and responsibility for your car.' Once engaged, if insufficient torque is applied, Autopilot will also deliver an escalating series of visual and audio warnings, reminding drivers to place their hands on the wheel.
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Water quality and distribution monitoring software Ketos raises $18 million – TechCrunch
Water quality and logistics monitoring software Ketos has raised $15 million from a group of investors to take advantage of the growing demand for better water management tools and technologies. The potential for more stringent regulatory oversight of industrial water use and wastewater management from local, state and federal government coupled with increasing consumer and investor demands for better corporate environmental stewardship is driving an unprecedented adoption of technology and services aimed at increasing conservation and reducing waste across industries. Water monitoring can also provide relevant information to public officials about the potential for disease outbreaks and other health related issues in a population. Recently, monitoring wastewater streams have been used to detect outbreaks of the virus that causes COVID-19. The renewed attention on water is one reason why an investment arm of the banking giant Citi joined lead investor Motley Fool Ventures and Illuminated Funds Group to come as new investors into Ketos.
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SoftBank fund invests $100 million in compliance software firm
NEW YORK – SoftBank Group Corp.'s Vision Fund 2 is investing $100 million in compliance and employee-monitoring software company Behavox, according to people familiar with the matter. The investment, which is in the form of preferred shares, values Behavox at about $500 million, the people said, asking not to be identified because the information is private. The investment group will also be represented on the company's board, the people added. The deal is among the first for the second incarnation of SoftBank's $100 billion Vision Fund. It comes at a time when the Japanese company faces growing scrutiny from investors including activist Elliott Management Corp. amid high-profile setbacks such as WeWork and Uber Technologies Inc. Behavox uses machine learning and advanced analytics software to help alert companies to potential wrongdoing among employees.
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