Business

After years of research and development, Reach Robotics has closed a $7.5 million Series A, co-led by Korea Investment Partners (KiP) and IGlobe, to bring its augmented reality bots to market in a big way. The Bristol-based startup is looking to expand into the U.S., and the team is exploring opportunities for …

Uber has bowed to regulators in Asia once again after the U.S. ride-sharing giant halted its service in Macau, the gambling mecca that is a special administrative region of China. The company said it will “pause” its services in Macau from July 22 following a prolonged disagreement with local regulators. Uber aborted …

Sam Cash is a vice president at Betaworks. Building and investing in startups is rapidly proliferating to the many, instead of remaining the preserve of the few. The old paradigm of physical centralization Silicon Valley is the innovation bellwether of our time. The concentration of talent and capital?—?as well as …

Just seven months after announcing a $20 million Series B, Pendo, a platform to help businesses better understand their customers, has closed a new $25 million Series C led by Meritech Capital Partners. The North Carolina-based startup has been growing at a rapid clip — ballooning to 106 employees across …

Back in March at Google’s Cloud Next conference, the company announced plans to run its own machine learning startup competition side-by-side with Data Collective and Emergence Capital. Four months later, 10 startups, pulled from a pool of 350+ applicants, presented onstage at Google’s Launchpad Space in San Francisco. The startups …

IBM’s Watson unit is receiving heat today in the form of a scathing equity research report from Jefferies’ James Kisner. The group believes that IBM’s investment into Watson will struggle to return value to shareholders. In recent years, IBM has increasingly leaned on Watson as one of its core growth units …

The venture capital firm Fifth Wall, an investor in construction and real estate-focused startups that is backed by some of the country’s largest real estate companies, is expanding into early-stage investing with the launch of a new accelerator program. For the firm’s co-founder and co-managing partner, Brendan Wallace, the accelerator is …

The venture capital firm Fifth Wall, an investor in construction and real-estate focused startups that is backed by some of the country’s largest real estate companies, is expanding into early stage investing with the launch of a new accelerator program. For the firm’s co-founder and co-managing partner Brendan Wallace, the accelerator …

Fresh out of 500 startups, Datatron has raised $2.7 million in seed financing for its data-savvy assistant, Emma. But under the somewhat trite coating of an assistant, Datatron is making it easier for employees to gather insights from the complex web of historical and real-time data. Businesses generate hordes of …

Toyota is the latest Fortune 500 company to launch an AI focused venture capital fund. The initial early-stage fund will deploy $100 million and operate as a subsidiary of the Toyota Research Institute. The automaker has strategically positioned itself as an ROI rather than strategic-focused fund — meaning that it aims to …