Toyota proved small economy cars can be cool when it released the Corolla Hatch in 2018. And yet, the dowdy Yaris lingered on as the opposite of cool. The Japanese firm hopes to change that by rebooting the nameplate for the 2020 model year with help from Mazda. The 2020 Toyota Yaris is new, yet…
In the build-up to Internet of Manufacturing UK, taking place on the 14-15 May 2019 at Farnborough International Conference Centre, our team caught up with Nick Wright, the Head of Manufacturing Industries at Digital Catapult, to discuss the impact of IoT/Industry 4.0 on the manufacturing sector in the UK. Where do you see IIoT creating…
Remote driving startup Phantom Auto has raised $13.5 million of financing in a Series A round led by Bessemer Venture Partners — capital used to expand a logistics business targeting sidewalks, warehouses and cargo yards, all the places where autonomy and teleoperation are being deployed today. The startup, founded in 2017, has raised about $19…
French startup Bankin’ is raising a new $22.6 million funding round (€20 million). The company has managed to attract 2.9 million users in France and wants to become the only app you need to manage your money. Overall, Bankin’ has raised over $32 million (€28.4 million). Investors include Omnes Capital, Commerz Ventures, Génération New Tech,…
Amazon has finally given up the fight with Chinese online shopping giants to capture the domestic market. On Thursday, the Seattle-based ecommerce company announced it will shut down its marketplace on Amazon.cn, which connects mainland Chinese buyers and sellers, while other units of its local venture will stay intact. “We are working closely with our…
Weengs, the U.K. logistics startup for e-commerce businesses that need a more convenient way of getting online orders to customers, has raised £6.5 million in Series A funding. Leading the round is venture capital firm Oxford Capital, with Weeng’s seed investors, including Local Globe, Cherry Ventures and VentureFriends, following on. Founded by Alex Christodolou and…
With the exception of the occasional “Are you happy to continue with installation?” type pop-up message, computers haven’t classically cared much about how we feel. That’s all set to change with the arrival of affective computing, the development of systems and devices that are able to recognize, interpret and respond accordingly to human emotions. With…
Pinterest priced shares of its stock, “PINS,” above its anticipated range on Wednesday evening, CNBC reports. The company will sell 75 million shares of Class A common stock at $19 apiece in an offering that will attract $1.4 billion in new capital for the visual search engine. The NYSE-listed business had planned to sell its…
Car2go, free-floating car-sharing service owned by Daimler, temporarily shut down its service in Chicago on Wednesday after dozens of Mercedes-Benz vehicles were stolen using the app. The Chicago Police Department was alerted by Car2Go that some of their vehicles may have been rented by deceptive or fraudulent means through a mobile app, a spokesperson wrote in…
With a clinical version of PathAI‘s computer vision-based pathogen detection service still at least one year from coming to market, the diagnostic technology developer has snagged $60 million in its latest round of financing. The company’s tech is used by doctors to analyze cell samples taken from patients to determine the presence or absence of…
