[INSIDERS] The 6 Tech Info You Shouldn’t Miss
- August Home, $ 25 million to accelerate the deployment of its smart locks.
- Momenta raises $ 46 million for its autonomous driving software.
- Ownpage Technology, 400,000 euros to expand internationally.
- China wants to generate $ 59 billion in revenue from AI by 2025.
- Fewer Tech Jobs in Silicon Valley.
- The nominations: Pierre Conte, Robert Ophèle…
August Home, maker of smart locks, raised $ 25 million in Series C. Historic investors Bessemer Venture Partners, Comcast Ventures, Maveron and Qualcomm Ventures, as well as Liberty Mutual, SPDG and AGL participated in the deal.
Launched in 2012 by Jason johnson and Yves Béhar (opposite), August Home is now the hottest manufacturer in the United States. The design of its connected objects, signed by Yves Béhar, co-founder of the company, has enabled it to acquire resounding success. Firmly anchored in the smart lock market, August Home counts Airbnb and HomeAway among its main partners. Connected locks are indeed a boon for owners renting their property on platforms like Airbnb since they allow them to generate temporary access codes remotely for short stays.
With this new funding, August Home intends to multiply partnerships to deploy smart locks. Some of the money will also be used to develop new products.
Read also: Smart locks, the key revolution of the smart home
The Chinese start-up Momenta, which develops autonomous driving software, has completed a $ 46 million Series B funding round led by NIO Capital, Sequoia Capital and Hillhouse Capital. Shunwei Capital, Sinovation Ventures, Unity Ventures and Daimler also participated in the transaction.
Founded last year by Xudong Cao, Gang Sun, Shaoqing Ren and Yan Xia, Momenta designs autonomous driving software based on deep learning technology. This makes it possible to respond to the problems of cartography, route planning and object recognition. In its workforce, the Beijing-based start-up includes three former Microsoft researchers. In its business segment, Momenta faces players like Drive.ai and nuTonomy.
Read also: AEye, $ 16 million to improve LiDAR sensors in self-driving cars
Ownpage Technology announces a new round of funding of 400,000 euros, led by Business Angels from the Paris Business Angels, IT-Angels, iSource networks via its Angel Source fund and Shéhérazade Semsar de Boisséson.
Created in 2013 by Stéphane Cambon, Ownpage Technology develops different solutions to personalize the content of media sites. The company offers 3 tools: a newsletter, a personalized area in particular through boxes “recommended for you”, as well as a personalized member area.
With this new investment, the start-up wishes to develop its commercial offer internationally. It is also considering the preparation of new services.
China does not intend to let the United States, Google and Microsoft in the lead, dominate the artificial intelligence market. The country has indeed made public a national development plan dedicated to AI, which should increase its economic weight from 22 billion dollars by 2020 to 59 billion dollars 5 years later, according to information reported by Reuters.
“We must take the initiative to resolutely tackle this new stage in the development of artificial intelligence and be ahead in terms of competitivenessThe Chinese government commented.
Silicon Valley has less and less the monopoly of Tech skills in the United States. In the space of 5 years, San Jose has seen its relative share of developer jobs drop from 15.8% to 8.1%, according to a study by Glassdoor. At the same time, cities like Seattle, Washington and Detroit have developed.
Pierre Conte becomes Managing Director of Editis
Robert Ophèle appointed president of the AMF
Robert ophele comes to the presidency of theAMF (Autorité des marchés financiers). Since 2012, he has been Deputy Governor of the Banque de France.