DigitalStartup in #News : Week of Nov 6


  • Google ups investments in virtual reality, acquires startup EyefluenceRead – Google just picked up a key piece of technology that might move its virtual reality ambitions closer to the masses. Eyefluence, which is working to enable eye movements to control digital screens, wrote in a blog post on Monday that it’s joining the search giant Alphabet Inc. The three-year-old startup, which had reportedly raised $21.6 million in funding, didn’t disclose a price. (dealstreetasia.com)
  • Most insurers will partner with or acquire insurance technology startups to secure their competitive positions in the next two years, according to GartnerInsurance sector CIOs need to expand their market insight concerning the innovation and disruption potential of insurance technology startups (insurtechs) to complement their digital insurance strategies, according to Gartners. According to Gartner research, 64 percent of the world’s 25 largest insurance companies have already invested directly or indirectly via their venture capital arms in insurtech startups. (Economic Times)
  • The start-up capital of Australia – MANY cities have aspirations of being Australia’s version of the Silicon Valley but there is one place that’s clearly the favourite of tech companies.No, it’s not Adelaide, which has declared its intentions to become a “smart city”, or regional cities where the National Broadband Network has been rolled out first, like Ipswich, Ballarat, Prospect, Wollongong and Gosford. No, it’s good old Sydney. Geelong Advertiser)
  • Start-up of the week: Trawlur – Our start-up of the week is Trawlur, which makes it easy for used car retailers to sell their cars to consumers from forecourt to front door. “Think of us like Deliveroo, but for used cars,” said Mark Kirwan, founder of Trawlur. “By taking care of the technological facet of launching an online virtual dealership, and taking care of the logistical delivery side of things too, Trawlur lets used car retailers concentrate on the presentation of their stock and makes it an easy process for used car retailers to sell their cars over the internet. (Silicon Republic)
  • Indio, Tech Startup for Commercial Insurance Brokers, Raises $2 Million -Indio, a commercial insurance platform for brokers that aims to do what Sabre did for travel agents or Schwab did for wealth managers, said it has secured $2 million in seed financing.Venture capital firms NEA, Compound, Merus Capital and 500 Startups participated in the round, along with insurance carrier Hiscox. Indio said it will use the seed round to grow its user base and platform. – (insurancejournal.com)
  • BlackBerry signs deal with Ford to work on cars of the future – BlackBerry has made a deal with Ford to produce software that could power the first generation of mass-market self-driving cars. The Canadian company announced yesterday that it was dedicating a team of engineers to help the car manufacturer incorporate a range of BlackBerry software — including its QNX Neutrino operating system, its Certicom security tech, and audio processing software — into future Ford cars. – (The Verge)
  • AI startup will use $50M funding to target Amazon Echo – Artificial intelligence and robotics startup Rokid this week announced it had closed a $50 million Series B, led by Advantech, with participation from existing investors IDG Capital Partners and Walden International. This latest round values the company at $450 million. Rokid, a Chinese company with U.S. headquarters in San Francisco, was founded in mid-2014 around a home assistant(similar to Amazon Echo or Google Home) powered by audio and facial recognition sensors that can talk to people, display the weather, play music on demand and sing songs. (bizjournals.com)
  • Here’s What Accenture Looks for While Collaborating with Startups – The marriage between MNCs and startups has considered being a haven for new-age entrepreneurs as well as corporate industries. Entrepreneurs seek resources, mentorship and help with scaling their products through larger corporate houses. Whereas new-age startups help traditional companies chart the route to innovation and digitization using their disruptive technology. (entrepreneur.com)

Leave a Reply