THE BUSINESS OF TECHNOLOGY
Come August, our planes, trains and automobiles may receive a public shaming. Tesla co-founder and CEO Elon Musk announced yesterday he’ll debut his plans for a “Hyperloop” transportation system August 12; and from his description, it’ll make most current transit tech look like the Flintstones. Though some imagine Musk’s proposal as a higher-speed … [Read more...]
With their new smart-enabled scooters and sleek vehicle designs, Japanese company Terra Motors delivers Jetson’s-level transit tech that’s as elegant as it is efficient. And as high fuel costs and environmental concerns plague Asia’s drivers, Terra’s making clean energy the smart choice––and the cool one. “We need...beautiful design to change … [Read more...]
Amid reports of 10 percent employee layoffs and financial losses, Australian online retailer THE ICONIC has received $26 million in funding. The fashion site, a venture by German-born incubator Rocket Internet, lined its pockets with capital from Verlinvest and previous-round investors Summit Partners and Kinnevik earlier this week. With $46 … [Read more...]
Despite reports that between 1 in 4 and 1 in 5 Americans (depending on who you ask and when) suffers from mental illness, barriers to care keep many from receiving it. With 2009 startup Breakthrough, CEO Mark Goldenson looks to tear down walls keeping those from the treatment they need––and he’s just received a substantial leg up. Series A … [Read more...]
Coursera, the online education startup, has raised a $43 million round to further propel its burgeoning growth as it takes its platform international and multi-lingual. The Series B round was led by GSV Capital Corp. (GSVC), Learn Capital, Laureate Education Inc. and International Finance Corp., the investment arm of the World Bank, with … [Read more...]
Big data is the next revolution in business, and Scality strives to turn the industry on its head through a low pricing model that uses multiple distribution points for an easily scalable system that never needs to go offline to evolve. The company offers reliable and backed up storage for roughly 2 cents GB/per month, less than half the cost of … [Read more...]
Microsoft leaders announced its biggest overhaul in five years to improve its innovation and streamline its product line as it plays catch up with competitors in mobile and cloud computing efforts. The company will reorganize itself into four engineering groups, reorganize executive positions, and realign its product teams as it struggles to unify … [Read more...]
Yesterday, Chicago Public Library opened the doors to its maker lab for the masses, a place where the public can play with 3D printers, milling machines and more. Those previously barred from meeting with machinery, by cost or lack of know-how, will now get their chance––with CPL eager to make introductions. “This is the most democratic change in … [Read more...]
Smartphone growth may have reached its saturation point in already developed markets, but mobile advertising revenue is just beginning to hit some impressive speeds. Global mobile advertising spend earned $8.9 billion in 2012, an 83 percent spike over the previous year’s $5.3 billion, according to a new study from the Interactive Advertising Bureau … [Read more...]
From September 3-5, 2013, venture capitals and CEOs from cutting-edge private technology companies will gather in Hong Kong to discover an exceptional array of entrepreneurs and executive leaders from innovative technology firms in the Asian marketplace. In addition, Red Herring Asia will present the winners of the Red Herring 100 Asia award, … [Read more...]