Digital Startup news roundup – Week ending 24th April

Microsoft Acquires Deis To Broaden Cloud Computing Scope – Microsoft wants more developers to use its platform and tools. Specifically, Microsoft wants more cloud computing developers to come into its fold. With this widely accepted truth in mind, it is perhaps logical to hear news this April 2017 of the firm’s intention to acquire cloud container-specialist Deis (pronounced day-iz) from cloud orchestration platform company Engine Yard.



A startup’s $1 million flying car is officially rolling out to buyers in 2020 – A Slovakia-based startup has tossed its hat into the very nascent field of flying cars. AeroMobil unveiled the final, commercial design for its flying car at the supercar show Top Marques Monaco on Thursday. But the vehicle won’t come cheap; AeroMobil says it will cost between 1.2 million and 1.5 million ($1.3 million and $1.6 million), with deliveries beginning in 2020.

SAP banks on startups for tech disruption; more than doubles list for India
SAP, Europe’s largest technology company, will onboard 16 startups for its accelerator programme in India this year against seven last year, as it increasingly banks on artificial intelligence, machine learning and internet of things to push ahead with its global transformation in cloud and digital.

Oracle launches Startup Cloud Accelerator in Brazil First group of ventures is due to start the six-month program in July – Oracle has just launched its cloud acceleration program for startups in Brazil. Technology-based, early-stage ventures (the company did not specify any particular market segments it might be interested in) can apply now for the company’s Startup Cloud Accelerator scheme, which will start in July and last for a six-month period.

PSU Startup Week highlights entrepreneurs – State College, Centre County, Pa. – Mellisa schipke is the founder of ‘Tassl,’ named after that symbolic knotted cord on your graduation cap. “We wanted to come up with something that signified the change from being a student to being an alum,” Schipke said. Her company creates networks for communities and produces statistics on the engagement.Take alumni for example, it can collect data on the group’s interests and send that information to the university to keep them in the loop.

How a startup went from building servers out of wood to a $20 million business — without giving control to outside investors – Over the last 10 years, Silicon Valley startup Backblaze has quietly established itself as a useful and popular service, letting you back up your entire PC or Mac to the cloud for $5 per computer per month. On Thursday, Backblaze CEO Gleb Budman revealed to Business Insider that the company just closed a $5 million sales quarter, putting it on track for a $20 million annualized run rate (ARR), the amount of money that Backblaze projects it will bring in this year if its current rate of business continues.

Scaling up in the Start Up Nation – Israel may be known as the “Start-up Nation,” but the factors that made Israel a start-up capital won’t sustain it as such or necessarily help it in the transition from “start-up nation” to “scale-up nation.” According to a report from the OECD organization, “In 2015, South Korea for the first time spent a higher proportion of its GDP on R&D — 4.3 per cent — than Israel, which spent 4.2%.” Start-up scenes are growing by leaps and bounds in places such as New York, London, and Singapore, all international financial hubs. And in India, Eastern Europe, and emerging economies across the globe, cheap outsourced labor is being employed more efficiently and with more innovative applications. Amidst this climate, how can Israel retain its status as a high-tech powerhouse that continues to attract venture capital, create jobs, and produce stunning technology?

Bitcoin Blockchain Startup Factom Secures Over $8 Million in Series A – Austin-based blockchain startup Factom, known for leveraging the bitcoin blockchain for projects including plans to secure land titles in Honduras, has raised over $8 million as a part of its extended Series A funding round. In October 2016, Factom raised $4.2 million in its Series A round, led by prolific industry investor Tim Draper of Draper Associates. At the time, the company revealed the new finances would be used toward bringing in new personnel and the development of new Factom applications.

Before you invest in a startup, here’s what you need to know – Researchers to look for CTE evidence in Hernandez’s brain AP Exclusive: Pesticide maker tries to kill risk study Lawmakers revisiting requiring those on Medicaid to work Prince fans to mark anniversary of music superstar’s death Hillary Clinton: Progress in LGBT rights may not be secure In final hours, Hernandez thought of family, not football Missing Tennessee student found with teacher in California Arkansas conducts first execution since 2005, plans 3 more 25 years for ex-Saint’s killer in ‘profoundly sad’ case Pot fans observe 4/20 holiday with smoke-outs, high hike.

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