Here is a weekly roundup of startup news
- Intel buys driverless car technology firm Mobileye – US chipmaker Intel is taking a big bet on driverless cars with a $15.3bn (£12.5bn) takeover of specialist Mobileye.Intel will pay $63.54 a share in cash for the Israeli company, which develops “autonomous driving” systems.Mobileye and Intel are already working together, along with German carmaker BMW, to put 40 test vehicles on the road in the second half of this year.Intel expects the driverless market to be worth as much as $70bn by 2030.
- Additionally – Intel Invested in Five Self-Driving Startups – (Reuters) – Intel Corp , which on Monday announced the proposed $15.3 billion acquisition of Mobileye NV , had invested in at least five startup companies working on self-driving vehicle technologies. Among the startups funded in part by Intel Capital, the chipmaker’s venture capital arm, are:
-LISNR, a Cincinnati company specializing in high-frequency data communications and connectivity.
-Perrone Robotics, a Charlottesville, Virginia-based developer of sensors, control systems and software.
– Peloton Technology, a Silicon Valley startup in Mountain View, California, focused on automating heavy-duty trucks.
– ZMP, a Tokyo firm specializing in robotics and sensing technology.
– Chronocam, a Parisian company developing machine vision sensors and systems.
- This Indian AI Startup Is Helping Huge Brands To Get On The Chatbot Bandwagon – The march of chatbots and personal assistants into conversational commerce (defined as the intersection of messaging apps and shopping) is now a thing, and it looks like it is here to stay.Indian brands large and small are adopting chatbots, harnessing the power and convenience of these digital capabilities.“AI is changing the way we interact with technologies across multiple industries. In a fast-growing market such as India, AI helps making technology-based companies more efficient,” says Sachin Jaiswal, cofounder of Niki.ai. This AI startup has recently launched the chatbot SDK to help brands deliver the “conversational” experience consumers are demanding on mobile and web apps.
- Microsoft Checks Startups Ready to be Enterprises – “In the process of building this analysis, we reviewed close to 500 enterprise ready startups, and saw some interesting findings.” Here are the key takeaways from their analysis:
1. 50 percent of the enterprise ready startups are in the healthcare, retail and banking sectors
2. Data sciences and security startups find it easiest to find customers
3. Startups catering to the banking sector find it easiest to raise funds
- British P2P startup lender secures $100 million worth of funds – A peer-to-peer (P2P) startup based in the UK called the Fund Circle has successfully raised a capital of $100 million. The news caught my attention because not even BREXIT could prevent the growth of businesses based in the north of United Kingdom.
- Virtual-reality startup targeting real estate raises $1.3M – Realvision, a maker of technology real estate agents use to offer 3-D property tours online, has raised $1.3 million in venture capital to boost marketing and invest in product development. Dundee Venture Capital, an Omaha-based venture firm that recently expanded to the Twin Cities, led the round of funding. Loup Ventures (the seed fund recently launched by former Piper Jaffray tech analyst Gene Munster), Edina-based Brightstone Venture Capital, Chicago-based Sandalphon Capital, Bridge Investment Group and 701 Angel Fund also participated.
- Pakistani woman’s start-up idea selected by business incubator in Belgium – BRUSSELS: “Green Calories” is Shafaq Sarfaraz’s way of bringing together people who care about personal health and the environment. Her ingenious idea to promote a cleaner environment has been selected by an international business incubator in Belgium, which aims to promote talent from various cultural groups in the country.
Shafaq has a degree in Finance from London School of Business’s international program via Roots College International and is in Belgium to pursue Masters in Katholieke Universiteit Leuven university. She told Geo News that she wanted to start her own business after studies, and was mentored by B-sprouts Incubator. “My idea combines maintaining cleanliness and being active and healthy. I got my inspiration from my grandfather who does hard labour just to sweat. At 90, he’s healthy, has sound sleep and a good appetite.”