Joby Aviation raises $590M for its VTOL aircraft
Joby Aviation, a start-up based in Santa Clara, California, raised $590 million in Series C funding for its development of an electric air taxi. Joby Aviation is working on an...
Start-ups
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Alitheon raises $14.9 million for machine vision software
Alitheon, a start-up based in Bellevue, Washington, closed $14.9 million in venture capital financing for its machine vision software. Alitheon's FeaturePrint technology transforms how objects, components and finished products are...
John Chambers recruits Pankaj Patel to venture firm
JC2 Ventures, a venture capital established by former Cisco CEO John Chambers, appointed Pankaj Patel as Partner and Chief Strategy Officer. Patel previously served as the Executive Vice President and...
Investment firm acquires Armis for $1.1 billion — enterprise IoT security
Insight Partners will acquire Armis, a start-up specializing in enterprise IoT security, for $1.1 billion in cash. Armis, which is based in Palo Alto, California, with an office in Tel...
Kaloom appoints McGinn as Chairman of Board
Kaloom, a start-up offering a programmable and automated data center fabric, recently appointed Richard A. McGinn as Board Chairman. McGinn previously served as CEO of VeriFone Systems, one of the...
Intel acquires Habana Labs for $2 billion – AI chipset
Intel has acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for the data center, for approximately $2 billion. Habana’s Gaudi AI Training Processor is currently sampling with...
Cisco to acquire Exablaze for FPGA-based solutions
Cisco agreed to acquire Exablaze, a privately-held designer and manufacturer of FPGA-based devices aimed at reducing latency and improving network performance. Financial terms were not disclosed. Exablaze, which is based...
Clumio raises $135 million for data management in the cloud
Clumio, a start-up based in Santa Clara, California, announced $135 million in series C funding for its SaaS for enterprise backup. The company first emerged from stealth in August to...
DOCOMO invests in Metawave for 5G beamsteering
NTT DOCOMO Ventures has made an equity investment in Metawave, a start-up based in Palo Alto, California that is developing an analog beamsteering radar platform and 5G platforms which consist...
Volterra unveils distributed cloud platform for apps
Volterra, a start-up based in Santa Clara, California, emerged from stealth to unveil its distributed cloud platform for deploying and managing applications. The SaaS-based offering integrates a broad range of...
Qualcomm Ventures targets 5G Ecosystem Fund
Qualcomm Ventures launched a global 5G Fund, which will invest up to $200M over the next 4-5 years in startups helping build the 5G ecosystem. The fund was announced at...
ModelOp targets AI-based model operations in large enterprises
ModelOp, formerly Open Data Group (ODG), has relaunched with a focus on AI-based model operations in large enterprises. The idea is to integrate data science and machine learning with enterprise...
SK Telecom invests in Switzerland’s ID Quantique
SK Telecom has made an equity investment in ID Quantique, a start-up based in Switzerland that is developing quantum cryptography. The European Union has launched a 3-year European research project,...
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