Category: Technology Trends

The most important technology news, developments and trends.

Verizon finally reveals actual 5G coverage maps

Verizon is addressing one of the biggest criticisms about the company’s growing 5G network: a lack of traditional coverage maps. As noted by PC Mag, today the carrier has finally published maps where customers in 5G cities can get lightning-quick data speeds (over 1Gbps in some cases) from its millimeter-wave technology. Earlier today, Verizon launched Read More…

Lucence raises $20 million Series A for its non-invasive cancer screening technology

Lucence Diagnostics, a genomic medicine startup that develops non-invasive tests for cancer screening, announced today that it has raised a $20 million Series A led by IHH Healthcare, one of the world’s largest integrated private healthcare groups. Other participants included SGInnovate and returning investors Heliconia Capital (a subsidiary of Temasek Holdings), Lim Kaling and Koh Boon Hwee. The round will be used for scaling Lucence’s labs, hiring and making its products commercially available to more patients in Asia and North America. The funding will also support two prospective clinical trials. One will focus on its technology’s sensitivity to actionable variables

Luna is a new kind of space company helping biotech find its footing in microgravity

Toronto-based startup Luna Design and Innovation is a prime example of the kind of space company that is increasingly starting up to take advantage of the changing economics of the larger industry. Founded by Andrea Yip, who is also Luna’s CEO, the bootstrapped venture is looking to blaze a trail for biotechnology companies who stand to gain a lot from the new opportunities in commercial space – even if they don’t know it yet. “I’ve spent my entire career in the public and private health industry, doing a lot of product and service design and innovation,” Yip told me in

Clumio raises $135M Series C for its backup as a service platform

Clumio, a 100-people startup that offers a SaaS-like service for enterprise backup, today announced that it has raised a $135 million Series C round, led by existing investor Sutter Hill Ventures and new investor Altimeter Captial. The announcement comes shortly after the company’s disclosure in August that it had quietly raised a total of $51 million in Series A and B rounds in 2017 and 2018. The company says it plans to use this new funding to “accelerate its vision to deliver a globally consolidated data protection service in and for the public cloud.” Given the amount of money invested

Give InKind’s smarter giving platform brings in surprise $1.5 million in pre-seed funding

Helping out a friend in need online can be surprisingly difficult. While giving cash is easy enough, that’s often not what people need most — so Give InKind aims to be the platform where you can do a lot more than write a check. The idea is such a natural one that the company tripled its goal for a pre-seed round, raising $1.5 million from Seattle investors. The company was selected for inclusion in the Female Founders Alliance’s Ready Set Raise accelerator, at the demo day for which I saw founder Laura Malcolm present. The problem Malcolm is attempting to

Robotics startup Picnic, known for its automated pizza assembly system, raises $5 million

Picnic, a robotics startup that focuses on food production, announced today that it has raised $5 million in additional seed funding. The new round was led by Creative Ventures, with participation from Flying Fish Partners and Vulcan Capital. The company also said it has hired Kennard Nielsen, a product engineer who worked on the first four Kindle Fire tablets, Nike Fuelband, Microsoft Xbox and Doppler Labs’ HereOne from Doppler Labs at previous positions, as its new vice president of engineering. The new funding will be used for product development, hiring and marketing. Picnic is known for an automated pizza assembly

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