Helm.ai raises $13 million in seed funding to boost driverless car AI

Helm.ai, a California-based scalable AI for autonomous vehicles, has raised $13 million in a recently held seed funding round led by A.Capital Ventures, Amplo, Binnacle Partners, Sound Ventures, Fontinalis Partners and SV Angel, including others.

The company will be using the raised funds to further advance its engineering and R&D capabilities, hiring more employees, and making new deals with customers. Unlike other organisations, which focuses on developing hardware for...

Waymo secures $2.25 billion in first external investment

Waymo has announced that it has raised $2.25 billion (£1.75bn) in a fundraising round led by Silver Lake, Canada Pension Plan Investment Board and Mubadala Investment Company. It is Waymo’s first external investment that also included Magna, Andreessen Horowitz and AutoNation, as well as parent firm Alphabet.

Waymo CEO John Krafcik wrote in a company blog: “With this injection of...

Toyota invests $400m in Pony.ai with latest driverless tech bet

Self-driving vehicle technology provider Pony.ai has secured $400 million (£308.35m) from Toyota, pushing the company’s valuation to more than £2.31bn.

The company is focusing on deepening and expanding its collaboration with Toyota in mobility services. They will further boost their joint efforts in self-driving technology development and mobility service deployment. The latest...

Semios secures $75 million in funding to expand IoT network for agriculture

Semios, a Canada-based precision farming platform for permanent crops announced that it has raised $75 million (£57.65m) in private equity funding to boost the development of its data-driven crop management solution.

To date, the company has secured a total of £88.4m in external capital. The funding was led by Morningside Group, a Boston-based private equity and venture capital firm. Semios...

Stanley Black & Decker working on sustainable IoT connectivity with Ericsson and T-Mobile

Ericsson, T-Mobile Austria and Stanley Black & Decker have announced their collaboration on innovative IoT solutions for connected equipment and services.

By making use of T-Mobile Austria’s network, Ericsson IoT Accelerator for global connectivity, and Stanley Black & Decker’s digital accelerator, all the three partners are trying to simplify and boost the global deployment of...

Deutsche Telekom and Software AG team up to expand ‘Cloud of Things’

Deutsche Telekom has announced a strategic partnership with Software AG in order to deliver Internet of Things (IoT) services on a global scale. The operator’s enterprise customer unit, T-Systems, will expand its ‘Cloud of Things’ offering, using Software AG’s Cumulocity IoT platform.

The partnership, announced by Software AG CEO Sanjay Brahmawar and T-Systems chief executive Adel...

Accenture acquires Deja vu Security to help organisations with IoT cyber awareness

Seattle-based information security and consulting services firm Deja vu Security has been acquired by Accenture for an undisclosed amount.

Founded in 2011, Deja vu Security is now merged into Accenture Security’s Cyber Defense offerings as part of the acquisition, which is Accenture’s goal of “investing in and innovating” next generation cybersecurity. Accenture noted that IoT...

New report shows how IoT devices remain under ‘constant’ attack

US-based Cyxtera Technologies has released new research which has revealed that IoT devices are continuously being attacked, particularly those leveraging zero-day vulnerabilities for certain devices.

The report, titled ‘Detection of Threats to IoT Devices Using Scalable VPN-Forwarded Honeypots’, underscores some key findings from the study that was jointly conducted by researchers from the...

IBM showcases Watson momentum in Europe as well as cloud success

IBM is certainly making progress in Europe if recent releases are anything to go by – both in cloud and with its AI-enabled assistant Watson.

Many of the company’s new European clients are using Watson, according to a momentum release, including Spanish electricity grid operator Red Eléctrica de España, Italian elderly care provider Cooperativa Sole, Dutch telecommunications operator Tele2 and Israeli manufacturer of smart air conditioning Electra...

Enterprises preparing for IoT enablement – but are vulnerable to older wireless network security threats

802 Secure has outlined the present state of the IoT network security in its new infographic detailing how ‘shadow IoT/IIoT’ devices are exposing enterprise networks and information to security risks.

The key statistics presented in the "IoT Cloud Security Report 2017" infographic explicitly spotlights the greatest IoT risks and threats having a negative impact on enterprises. The report highlighted that all enterprise environments had rogue consumer IoT wireless...