California News and Insights
Unisers, a Swiss-based semiconductor toolmaker, announced on Thursday that it had raised $14 million in a funding round headed by Intel Capital to construct demonstrator machines for innovative technologies that would be tested by significant chip fabrication clients. According to Ali Altun, CEO and founder
Navigating the bustling streets of California requires more than just a set of wheels and a tank full of gas, it demands skill, knowledge, and above all, confidence behind the wheel. For many aspiring drivers, the first hurdle on the road to obtaining their license
With the completion of a $175 million Series D investment round, cybersecurity firm Island—which creates a secure enterprise browser—has doubled its valuation to $3 billion. Just six months ago, Island raised $100 million in a Series C round at a $1.5 billion valuation, bringing its
Leading trade association Confederation of Indian Industry (CII) has developed a Corporate Government Charter for startups that can act as a self-governing guide for them as they navigate regulatory requirements. The purpose of the Charter, which startups can adhere to on a best-endeavour basis, is
The Berlin-based startup Parloa has secured $66 million in series B funding to automate customer service using AI. Established in 2018, Parloa provides automation solutions for contact centers, such as an artificial intelligence speech application that automates natural language client interactions. In addition to EQT
The Arcondis Group is entirely owned by the Foundation, which was founded in 2017 with the aim of generating shared wealth for all parties participating in the business. Ensuring sustainable employment within the Arcondis Group and providing assistance for social responsibility initiatives are among its
Unlike pumped hydro storage, which relies on water, dams, or hills, Baud Resources, a deep-tech business supported by IIT Kanpur, has created a revolutionary method of gravity-based energy storage that uses gravitational potential energy instead. The system is adaptable to any environment, including deserts, subzero
The satellite communications firm E-Space is proceeding with its North American expansion, a project that, in its first five years of operation in Arlington, may create at least 400 high-tech positions with an average yearly income of $95,000. At its meeting on April 23, the
As the third-largest automaker in the world, Hyundai Motor Group, is located nearby, the German luxury carmaker BMW Group on Monday inaugurated a new research and development (R&D) facility. BMW Group plans to assist South Korean automotive startups in their global operations. At its expanded
Microsoft is putting $1.5 billion into a technology company run by the influential national security adviser of the United Arab Emirates. The company is headquartered in the UAE. The acquisition was announced on Tuesday by Microsoft and G42, a holding company for technology. Brad Smith,