Technology 

Finnish startup Varjo rolls out $5,995 VR headset

The new VR-1 headset from Finnish startup Varjo. Courtesy Varjo/via REUTERS HELSINKI/LONDON (Reuters) – Atomico-backed Finnish startup Varjo on Tuesday launched its top-of-the-range virtual reality headset, aiming to take VR technology to the aerospace and automotive sectors. The most widely known VR headsets such as HTC Vive or Facebook’s Oculus have so far mostly made headlines with consumer applications, but with a $5,995 price tag Varjo is betting on industrial uses in architecture, engineering and construction. “There are millions of architects or engineers working on architectural projects … once they…

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Technology 

Japanese self-drive cars map developer to buy rival U.S. startup for $200 million

(Reuters) – Japanese map platform developer Dynamic Map Platform announced on Wednesday it plans to acquire Detroit-based map startup Ushr for up to $200 million in a bid to widen its geographical footprint in the burgeoning self driving cars market. Dynamic Map Platform counts Japan’s Toyota Motor, Nissan and Honda among its investors, while Ushr provides 3D mapping data to General Motors. The move comes as the Japanese car makers seek to challenge Alphabet Inc’s Google and Chinese rivals in the mapping business. For the acquisition, Dynamic Map Platform said…

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Technology 

Japanese self-drive cars map developer to buy rival U.S. startup: Nikkei

(Reuters) – Japanese map platform developer Dynamic Map Platform plans to acquire Detroit-based Ushr for nearly 20 billion yen ($181.1 million) in a bid to cement a stronger position in the burgeoning self driving cars market, the Nikkei newspaper said. Dynamic Map Platform would acquire U.S. map startup Ushr as it seeks a stronger position to challenge Alphabet Inc’s Google and Chinese rivals, the Japanese daily said on Wednesday. The takeover bid was expected to be lodged as soon as Wednesday, Nikkei reported. Dynamic Map Platform, which counts some of…

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Technology 

Fashion startup Zilingo raises $226 million from Singapore’s Temasek, others

SINGAPORE (Reuters) – Southeast Asian fashion startup Zilingo said it has raised $226 million in its latest funding round from existing backers such as venture capital firm Sequoia Capital, with Singapore’s Temasek Holdings joining as a new investor. The Series D financing follows a $54 million fundraising last year, taking the total capital raised by the company to $308 million. The company declined to provide valuation. The latest round included Singapore investment fund EDBI and previous investors Burda Principal Investments, a division of Germany’s Hubert Burda Media, and Belgian investment…

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Technology 

Driverless delivery startup Nuro gets $940 million SoftBank investment

FILE PHOTO – The unmanned delivery vehicle, Nuro, is seen during the Kroger annual shareholders meeting in Cincinnati, Ohio, U.S., June 28, 2018. Picture taken June 28, 2018. Courtesy of Kroger/Handout via REUTERS (Reuters) – Autonomous technology startup Nuro said on Monday it raised $940 million from SoftBank Group Corp, which valued the Silicon Valley-based company at $2.7 billion. Nuro was co-founded in 2016 by two former engineers of Google’s self-driving car project, Dave Ferguson and Jiajun Zhu. The funding by SoftBank came through its $100-billion Vision Fund, which usually…

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Technology 

Amazon to buy wi-fi startup eero

FILE PHOTO: The logo of the web service Amazon is pictured in this June 8, 2017 illustration photo. REUTERS/Carlos Jasso/Illustration/File Photo (Reuters) – Amazon.com Inc said on Monday it has signed an agreement to buy eero, a startup company that makes home routers, to help customers better connect smart home devices. Terms of the deal were not disclosed. (reut.rs/2tg7Qur) Eero, was founded in 2014 and is headquartered in San-Francisco. It has raised $90 million from First Round Capital, Menlo Ventures, AME Cloud Ventures, Initialized Capital, Homebrew Ventures and others, according…

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Technology 

Driverless delivery startup Nuro gets $940 million SoftBank investment

FILE PHOTO – The unmanned delivery vehicle, Nuro, is seen during the Kroger annual shareholders meeting in Cincinnati, Ohio, U.S., June 28, 2018. Picture taken June 28, 2018. Courtesy of Kroger/Handout via REUTERS (Reuters) – Autonomous technology startup Nuro said on Monday it raised $940 million from SoftBank Group Corp, which valued the Silicon Valley-based company at $2.7 billion. Nuro was co-founded in 2016 by two former engineers of Google’s self-driving car project, Dave Ferguson and Jiajun Zhu. The funding by SoftBank came through its $100-billion Vision Fund, which usually…

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Science 

Russian rocket glitch to delay satellite launch for U.S. startup OneWeb

MOSCOW (Reuters) – The launch of a Russian Soyuz rocket set to carry satellites into space for U.S startup OneWeb has been delayed after an anomaly was discovered on the rocket, company chairman Greg Wyler said on Thursday. The rocket was set to take off next month from Guiana Space Centre propelling the first of a series of satellites into orbit that Virginia-based startup OneWeb plans to use to create a worldwide internet service. “It’s true, there is an anomaly on the rocket which will cause us to push out…

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Technology 

Start-up Bird backs down in electric scooter legal row

A scooter firm has apologised after issuing a journalist with legal threats over a blogpost about its scooters. Start-up Bird offers electric scooters in around 40 US cities, which are hired via an app. Bird accused Cory Doctorow of copyright infringement for linking to a forum about a device which enables abandoned scooters, bought at auction, to be fitted with a new motherboard. This means they can then be used without the Bird app. Mr Doctorow’s blogpost, published on the website Boing Boing, was about the number of Bird scooters…

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Technology 

Spanish startup Glovo to raise funds for new Latam tech center

FILE PHOTO: A delivery driver for Glovo cycles in downtown Milan, Italy, May 18, 2018. REUTERS/Stefano Rellandini SAO PAULO (Reuters) – Spanish delivery startup Glovo is planning a new fundraising round in the first quarter to fuel a Latin American expansion that will include a second technological center in the region, its Brazilian country manager said on Wednesday. Bruno Raposo said Brazil is likely to overtake Spain in terms of Glovo’s deliveries this year, as the startup spreads to some 50 cities across Latin America’s largest economy from 21 urban…

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