The software startup founded by David Loo, a top San Diego engineer and the first employee of the $44 billion technology firm ServiceNow, has raised $8 million from a group of well-known local venture capitalists to grow the company.The Series B round came from TVC Capital, one of San Diego’s most prominent investor groups focused on software startups. The VC firm is investing out of a $180 million fund and has $400 million in assets under management.The money will go toward hiring, according to Perspectium spokesman Steve Schick.“Priorities are expanding the reach of sales, marketing and the product portfolio,” Schick said. The company has already moved ahead with hiring and plans to add seven sales positions and nine in development. This new round brings Perspectium’s total startup capital raised to $16 million, as TVC already invested $8 million in its Series A round in 2017.Perspectium’s CEO Loo is well known in local tech. He was instrumental in two … [Read more...] about Ex-ServiceNow engineer raises $8M for San Diego software startup
Ai driven biomedicine startup genomeup raises e200k
Enterprise technology is now advancing at breakneck speed and businesses are fighting to stay on top of it in the race to achieve full digital transformation. Companies are constantly growing and intelligent communication systems, which offer seamless interaction for large workforces, are now fundamental in the modern workplace. Utilizing digital tools to improve efficiency and employee workflow has led to the continued rise of Unified Communications (UC) systems, as companies look to the latest technologies to enhance collaboration and increase productivity. With smart interactions at its core, UC have become deeply ingrained in the modern workplace and are now enabling real-time communications and better ways of working for fast-growing teams. With the global UC market expected to grow to $143 billion in value by 2024, there is no doubt that companies will continue to invest heavily in technology to enhance the communication capabilities of their staff help simplify tasks and better … [Read more...] about Does AI really have a place in the modern UC workplace?
News / UK and world by Press Association February 11, 2019, 11:22 am Send us a story Sign up to our Daily newsletter Facebook has bought an AI furniture shopping startup called GrokStyle, as the social network continues to broaden its technology with greater focus on artificial intelligence. The San Francisco-based company, which was founded in 2015, developed technology that allows consumers to take a photo of furniture and uses AI to identify similar products available online. Ikea is one of GrokStyle’s notable clients, who integrated the feature in their AR app. “We are excited to welcome GrokStyle to Facebook,” a Facebook spokeswoman said. “Their team and technology will contribute to our AI capabilities.” In a post on its website, GrokStyle said it had been an “exciting journey” for the startup and they were “looking forward to what is ahead”. “Our team and technology will live on, and we will … [Read more...] about Facebook acquires AI shopping startup
CHENNAI: The Indian Institute of Technology Madras (IIT-M) on Friday launched a start-up to prepare the workforce for the advent of the Artificial Intelligence (AI) age by training students at nominal costs. The start-up "PadhAI" offers an affordable hands-on course on ' Deep Learning ' which is the most successful sub-field of AI. It is open to all students, faculty and professionals with a basic background in mathematics and Python. The fee for students and faculty is Rs 1,000 and for working professionals Rs 5,000. The start-up will also create AI-driven apps by collaborating with Small and Medium Enterprises and the industry and generate value for the Indian economy. "The Indian IT industry has gone through several waves of technology and survived by upskilling. The current wave of AI is very different. It requires both mathematical insight and hands-on experience," Mitesh Khapra, Assistant Professor at IIT-Madras, said in a statement. "We need courses that strike the … [Read more...] about IIT-Madras launches start-up to train students in AI
New ways of displaying images, staying connected and organizing home and work are being launched at CES 2019 in Las Vegas, the annual consumer electronics show. CES draws together over 4,500 companies and 180,000 attendees from around the world for a celebration of technology and innovation. MicroLEDs and roll-up TVs CES is the show that first brought the world the VHS, CD, DVD and OLED, and for 2019 fans of home entertainment systems have plenty to look at, including spellbinding 8K televisions with their ultra-real images. Samsung is creating a buzz with an emerging TV technology called MicroLED, which offers a mix of scalability and multi-screen viewing never seen in this kind of product before. MicroLEDs are small versions of the screens you see at outdoor stadiums, shrunk to consumer-size for the first time. They offer a high contrast picture and the individual LEDs can be replaced should they stop working. The South Korean firm also surprised everyone by announcing it would … [Read more...] about Foldable TV screens, connected kitchens and AI-driven debating