The US Army is looking forward to making use of Microsoft’s HoloLens on the battlefield. The Army has reportedly awarded Microsoft a $480 million contract to supply its HoloLens headsets to the soldiers. Virtual- and augmented-reality headsets haven’t been much success in the consumer market, however, they’re finding an important place on the battlefield. The head-mounted displays make use […]
Oppo’s managing director of India, Yi Wang has reportedly stepped down from his position and the basic reason behind this is the increasing losses faced by the Chinese smartphone company and on the other hand, growing competition in the local market. It has also been reported that there was a pressure from the Oppo management […]
The technology giant Microsoft has Corp surpassed Apple Inc to become the world’s most valuable publicly traded company with a $300 billion rout. After becoming the top company in the world, Microsoft shares rose 0.6 percent Tuesday, pushing the company’s market value to $828.1 billion at the close. The last time Microsoft’s market capitalization was bigger […]
Bengaluru-based milk and daily essentials delivery startup called Doodhwala is reportedly securing funds up to $12 million (around Rs 85 crore) in a Series A round of funding. The round is being led by Impact investment firm Omnivore Ventures. Along with this, the company had approached both new and existing investors for the fresh fundraise. […]
GOQii Inc, a wearable devices maker has reportedly raised an amount of $30 million (about Rs 212 crore) in its latest equity financing round. The company is based in Menlo Park and Mumbai and is looking to enter into the overseas markets over the next 12-18 months. The funding was led by Japanese conglomerate Mitsui […]
Funding is the act of providing financial resources, usually in the form of money, or other values such as effort or time, to finance a need, program, and project, usually by an organization or company. Funding is a major part of a business and here we have come up with the top five funding activities of […]
China Telecommunications Corp is making a major advance in its globalization strategy, with an association involving the company becoming the third major mobile operator in the Philippines. The National Telecommunications Commission in the Philippines announced that the Mislatel consortium, which is composed of China Telecom and two local companies – Chelsea Holdings and Udenna Corp, […]
A mobile gaming startup known as Mech Mocha Game Studios which is based in Bengaluru has raised a sum of $10 million (Rs 71 crore) as a part of its ongoing Series B funding round. With this, the company is expecting to raise around $5-6 million for the first close from new and existing investors, […]
Amazon has introduced a new feature to its device Alexa, and now, it would be able to even make Skype calls. Your Echo/Plus/Dot, et al. will be able to do so via voice using a command like, “Alexa Skype Mom.” Echos with displays, meanwhile, will offer up the full video Skype experience. Users can also ask […]
The phone maker BlackBerry has raised its bets on artificial intelligence and cyber-security. The company has acquired a California-based machine-learning specialist known as Cylance. The deal has been finalised for $1.4 billion (roughly Rs. 10,063 crores). Blackberry, the Canadian technology company which dominated the smartphone market a decade eaelier has shifted to selling software to manage […]
We have again come up with the top five funding activities that took place this week. Funding is one of the most important steps in the growth of a business. Therefore, every week, we throw light on the important funding activities. This week was very active in terms of funding process and the company that […]
The popular US-based payments processor Visa is acquiring a minority stake in Mumbai-based BillDesk. This acquisition will make BillDesk the newcomer in India’s Unicorn club of private technology companies valued at over $1 billion. The financial details of the deal were not disclosed, however, it is expected to value the 18-year-old company at $1.8 billion. The transaction […]