[TL;DR] Tech news that you shouldn’t miss this 06/14
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“,
either literally “too long ; not read“
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
WeWork wants to reach a valuation of $ 35 billion. According to Rajeev Misra, head of SoftBank’s Vision Fund, WeWork’s valuation could exceed $ 100 billion in the next few years.
Why this is important: Such a valuation would put the company above unicorns like Airbnb and SpaceX, valued at $ 29.3 billion and $ 21.5 billion respectively. This week, Rajeev Misra, managing director of SoftBank’s Vision Fund, a $ 93 billion XXL tech fund, even said WeWork could surpass $ 100 billion in valuation in the next few years, at the CogX conference. held in London. No unicorn has yet reached this milestone in the world. For now, WeWork is still a long way off the mark with a valuation of $ 20 billion right now.
Dassault Systèmes takes over the American Centric Software. The latter provides product lifecycle management (PLM) software for brands in the fashion, luxury and retail sectors.
Why this is important: With this takeover, Dassault Systèmes intends to strengthen its offer to offer brands, mainly those in fashion, solutions allowing them to better adapt to the expectations of consumers, who are now very well informed about products, while trends are more and more ephemeral and competition increasingly dense. To date, more than 600 brands, including Asics, Etam, Louis Vuitton and Samsonite, use Centric Software solutions.
onTracks, one million euros to launch the marketing of its intuitive connected watches. The Marseille start-up has designed an intuitive guidance solution via a connected watch that allows you to follow a route without a map or voice assistance.
Why this is important: The start-up has designed an intuitive guidance solution via a connected watch that allows you to follow a route without a map or voice assistance. Concretely, users must enter their routes in the application, then let themselves be guided by the vibrations emitted by the two bracelets worn on each wrist and connected to the smartphone. With this fundraising, onTracks wishes to accelerate the development of its product and support its future marketing.
Estimeo, a startup rating platform, raises 400,000 euros to strengthen itself. Automatic ratings are performed through a combination of private and public data.
Why this is important: Estimeo has developed an algorithmic scoring methodology ofEquity Scoring. This automatic rating is performed via a combination of private and public data in order to assess the startup’s ability to raise funds and its potential for creating value. Estimeo is aimed at startups who want to raise funds or have a better knowledge of the market, and especially bankers, investors, incubators and large companies. Estimeo claims 1,000 registered startups.