US-based search giant Google agreed to acquire Moriarty, New Mexico-based solar-powered drone maker Titan Aerospace for an undisclosed amount for Project Loon, an initiative that aims to bring the Internet to currently offline places of the world.
Technology Equipment
Texas-based virtual reality treadmill Virtuix Omni bags $3M in seed funding
Houston, US-based virtual reality (VR) treadmill maker Virtuix Omni bagged $3 million in its seed funding round with Tekton Ventures and Maveron as lead investors to fund the commercial release of its product.
Code.org Partners with 30 Public Schools bringing computer science to millions of American high school students
Code.org partners with 30 public schools as they run towards making computer science more accessible to high school students nation wide.
Seattle entrepreneur to crowdfund 3D printing machine that uses recycled plastic as ink
Seattle, US-based entrepreneur Liz Havlin is set to launch a crowdfunding campaign via Kickstarter to raise $30,000 to develop a 3D printer called the Legacy that uses recycled colored plastic as ink.
Nike cuts off majority of wearable tech team
Orlando, US-based sports footwear, apparel, and accessories maker Nike is about to cut off 70 out of the 200 members of its Digital Sport unit in a bold move to stop manufacturing hardware and focus its wearable tech efforts on software.
Latest News
The government of Chile gave $350,000 in funding to tech startup Kaitek Labs to develop prototype of a device that detects red tide in a bid to reduce the costs of testing for toxins.
Chinese posture-correcting wearable device Giraffe Friend launches crowdfunding campaign on DemoHour
Giraffe Friend, a wearable device that reminds the user to correct bad posture to prevent backaches, launched a crowdfunding campaign on DemoHour and has already raised $14,000 (CNY87,527).
UK-based growth capital fund Station 12 is raising $250 million (£150 million) for its new fund that will invest in the growth rounds of media tech startups in Europe.
Bremerhaven, Germany-based food innovation firm Biozoon is devising a kind of 3D-printed food to help make sure that elderly patients who are unable to swallow will not choke during meals.
Takamatsu-shi, Japan-based cranes and aerial work platforms manufacturer Tadano Ltd completed its acquisition of its Yorkshire, UK-based distributor Cranes UK for an undisclosed amount to continue its market expansion.
Vantaa, Finland-based international rental giant Cramo purchased Klaukkala-based earthmoving equipment rental specialist OptiRent for an undisclosed amount to gain traction over its competitors in the earthmoving industry.
Sunnyvale, US-based autonomous robot maker nabbed $2 million in a seed funding round led by Morado Venture Partners to revolutionize the service industry including hospitals, offices, and care centers.
Ramat-Gan, Israel-based nanotech startup StoreDot developed a prototype of a device that will enable a person to charge a phone within just 20 seconds in a cost-efficient and environment-friendly manner.
Redwood City, US-based remote home monitoring company iControl Networks acquired Ottawa, Canada-based home automation device maker Blacksumac for an undisclosed amount to expand its product portfolio.
