The beauty industry is about to get a facelift thanks to the power of AI. While the industry has been using AI for years, only recently has it started to revolutionise the way we think about skincare and cosmetics. Yet before we get ahead of ourselves with thoughts of robots that are set to take over our lives, let’s be clear here - we're talking about machine learning.
Entrepreneur Sanandan (Sandy) Sudhir, who created quite some ripples in Shark Tank with the fastest cooking device, has declared that his startup On2Cook India Pvt Ltd has secured seed funding of over $2m. The round was led by angel investor Dr Mayur Desai, who infused the first tranche of Rs 16 crore for 16% equity, reaffirming the startup’s valuation at $12.5m.
Tessolve, the semiconductor industry's engineering solution provider, has acquired Pico2Femto Semiconductor (P2fsemi), primarily focused on physical design solutions. P2fsemi's acquisition significantly strengthens Tessolve's ASIC design offerings from RTL to GDSII signoff, with increased full-turnkey backend design expertise. Tessolve has pioneered several turnkey solutions, from design to testing packaged parts, over the last few years, evolving into the largest stand-alone semiconductor engineering solution provider.
There is no doubt that Fire kills and injures. All campsites have fires. Twice nominated Australian of the Year, Tony Clark, says the sleeping bags in the Aussie market do not meet international fire safety standards. He’s launching an urgent call to action to parents, campers and outdoor enthusiasts to put fire safety first when it comes to sleeping bag choices.
Cepton, Inc., a Silicon Valley innovator and leader in high performance lidar solutions, announced that it has entered into a binding investment agreement dated October 27, 2022 (Investment Agreement) for a $100 million investment from its long-term automotive Tier 1 partner and current shareholder, Koito Manufacturing Co., Ltd. (Koito) (TSE: 7276).
Guidewire congratulates the winners of its 2022 Innovation Awards: E.design Insurance, Hollard Insurance, and Mountain West Farm Bureau and its subsidiary 360 Insurance Company with partner Smart Communications. In its 16th year, the awards honor Guidewire clients that are adapting to an accelerating pace of industry change and evolving client needs. Winners were announced during Connections, Guidewire’s annual customer conference.
European AI startup Axelera AI announced the close of its $27 million Series A investment round. The funding will support Axelera AI’s launch and mass production of its first-generation AI acceleration platform, powered by its disruptive in-memory computing and dataflow. Since its inception and initial funding last year, Axelera AI successfully taped-out its first testbench chip, developed entirely in-house, proving the performance and efficiency of in-memory compute for AI computations. Axelera AI will also further expand its team.
Wisk Aero, a leading Advanced Air Mobility (AAM) company and pioneer in autonomous, electric flight, recently revealed the world’s first self-flying, all-electric, four-passenger vertical takeoff and landing (eVTOL) air taxi. As Wisk’s go-to-market aircraft, Generation 6 represents the first-ever candidate for type certification by the FAA of an autonomous eVTOL.
FiberSense, a leading infrastructure sensing and monitoring company, has shared remarkable high-resolution results in its detection of the magnitude 5.8 Cook Strait earthquake that occurred 70km northwest of Wellington, New Zealand on 22 September.
Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, recently announced to have commenced the production of 2G, 4G and 5G Open RAN Radios for the OpenBeam™ portfolio in India, for Indian and other prominent worldwide bands.