Paraplegic to kick off World Cup with groundbreaking robotics

walk again

The first kick of this year's FIFA World Cup in Brazil will be performed by a paraplegic teenager, thanks to a robotic exoskeleton that translates brainwaves to actions. The revolutionary device was developed by a team of scientists around the world called the Walk Again Project. It will debut at Sao Paulo's Arena Corinthians on June 12 this year, … [Read more...]

Optio Labs raises $10 million – Investment Round Up

Money Sign

Series A Tips and tutorials app Trusper has gained $6.17 million in a Series A investment led by DCM. Charles Schwab and other backers contributed to the round. The Los Altos Hills-based company drew upwards of 5 million active users to its platform while still in stealth mode. Trusper has since debuted on the App Store and Google Play, according … [Read more...]

Comcast agrees $45.2bn Time Warner Cable acquisition – but will it go through?

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Comcast, the largest Internet service provider in the U.S., has agreed to buy media rival Time Warner Cable for $45.2 billion, pending regulatory approval. Consumer groups have already voiced strong objections to the acquisition. So will the deal go through? Comcast offered $158.82 per share for Time Warner Cable (TWC), which spun off from Time … [Read more...]

Nutanix shows IPO can wait with $101m funding round


When converged infrastructure company Nutanix raised a $33 million in Series C funding last year, analysts thought an IPO might follow. Instead, the company recently acquired upwards of $100 million in a Series D round, more money than any of its industry competitors had ever raised before in a single round. And though the company confirms a public … [Read more...]

Pure Storage Raises $150M in Largest Private Round in Storage’s History


Pure Storage, the enterprise solid state storage entrepreneur, has raised an impressive $150 million. The company claims it’s the largest single private round in the history of storage. It is also the third largest financing round in a North American business technology company this year, according to Bloomberg data. The investment values the … [Read more...]

Krehbiel Family Leaves 75-year-old Molex to Koch Industries at $7.2 Billion


Last Monday, Wichita-based Koch Industries acquired Molex, the 75-year-old connector company and Apple parts supplier. Both companies look to close the deal by the end of this year, which depends on both regulatory and shareholder approval, according to a Molex FAQ on the deal. Privately-held Koch picked Molex up at a premium, dishing out $7.2 … [Read more...]

Skyera’s Latest Gen Boosts Data Capacity by 10X for ½ the Price


Last year, Skyera released skyHawk, a product that blew the lid of flash storage which, at a price tag of $3 per a gigabyte, essentially made flash pricing comparable to traditional storage while offering magnitudes of improvement in speed and performance. This year, the company claims to have boosted that capacity and performance by 10 times while … [Read more...]

Manufacturing For the People, By the People

3d printing

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...]

Oracle Acquires Nimbula to Brighten Its Cloud


Oracle, the enterprise software giant, has acquired Nimbula, the cloud management software company built by the original creators of Amazon Web Services, to help brighten its cloud offering with some much needed direction. Nimbula offers a cloud management platform that lets people easily establish on-premise pools of visualized … [Read more...]

Oracle to Pay $1.7B for Acme Packet

Money Sign

Oracle, the world's third largest software maker and top producer of high end business computers, will pay $1.7 billion to acquire Acme packet, a company that sells telecommunications VoIP hardware. “The addition of Acme Packet to Oracle’s leading communications portfolio will enable service providers and enterprises to deliver innovative … [Read more...]