Maria Deutscher
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Report: Lyft on the verge of acquiring bike sharing startup Motivate for $250M
It appears that Lyft Inc. wants to follow Uber Technologies Inc. into the hotly contested bike sharing market. The Information reported today that the company is in talks to acquire Motivate Inc., a leading player in the nascent industry. The two sources who spoke to the publication said that the transaction could be worth upwards ...
Box buys automation startup Progressly to make enterprises more productive
Box Inc. this morning announced that it has acquired Progressly Inc., a low-key startup focused on helping companies become more productive through automation. The startup’s brand of automation is different than that of more familiar workflow tools such as IFTTT. Whereas the latter product and others like it are built to coordinate cloud services, for ...
Apple set to debut new ‘digital health’ and AR features for iOS at WWDC
The first details on what Apple Inc. can be expected to announce its Worldwide Developers Conference next Monday have started to emerge. The traditionally software-centric event is unsurprisingly set to focus on iOS, Bloomberg reported today. The publication’s sources said Apple will unveil a new release of the operating system designed not only to create more ways for users to interact ...
SoftBank to invest $2.25B into GM’s Cruise self-driving car unit
Shares of General Motors Co. are up more than 10 percent this morning following the news that SoftBank Group Corp. is set to invest a staggering $2.25 billion into its Cruise self-driving car group. The capital will come from the Japanese telecommunications carrier’s $100 billion Vision Fund, which it set up last year to bet ...
BlueData’s new AI solution uses software containers to ease TensorFlow projects
BlueData Software Inc., a venture-backed provider of tools for simplifying analytics projects, is applying its technology to artificial intelligence. The startup today unveiled an offering called the BlueData AI/ML Accelerator that aims to lower the entry barrier to machine learning and deep learning for enterprises. It focuses on a fairly understated aspect of what is ...
Cisco puts AMD silicon into a new system for compute-intensive applications
As Advanced Micro Devices Inc. tries to stage a comeback in the data center market, Cisco Systems Inc. today unveiled a powerful new server system that features the chipmaker’s silicon under the hood. The UCS C4200, as the offering is called, is based on AMD’s Epyc line of central processing units. The series has helped the ...
Mapbox aims to enable AR-powered navigation with new Vision SDK
SoftBank Vision Fund-backed mapping provider Mapbox Inc. wants to make augmented reality a part of how drivers navigate the roads. The startup, whose technology powers location services from companies such as Mastercard Inc. and Snap Inc., hopes to achieve this with a new offering called Vision SDK that it debuted today. The toolkit will enable ...
PayPal picks up AI startup Jetlore to grow its e-commerce business
Hot on the heels of inking a $2.2 billion agreement to buy mobile payments specialist iZettle AB, PayPal Holdings is marking another acquisition. The company on Tuesday announced that it has picked up artificial intelligence startup Jetlore Inc. for an undisclosed sum. The transaction serves a much different strategic purpose than the iZettle deal. Whereas ...
Vulcan Cyber raises $4M round to fix the ‘vulnerability remediation gap’
Security vulnerabilities can pose a threat even if they’re detected in a timely manner by a company’s network protection team. That’s because in some cases, organizations lack the resources to properly fix every weakness before hackers pounce. Vulcan Cyber Ltd. is working to address this issue, which it dubs the “vulnerability remediation gap.” The Tel Aviv-based ...
Flock raises $3M in seed funding for its data-driven drone insurance platform
The widening use of drones among companies and hobbyists has given rise to numerous new startups hoping to capitalize on the opportunity. Among them is London-based Flock Ltd., which is going after a side of this market that is, surprisingly, already quite crowded: drone insurance. The startup today announced that it has raised £2.25 million ...