UK entrepreneur turned billionaire investor, Mike Lynch, has been charged with fraud in US over the 2011 sale of his enterprise software company. Lynch sold Autonomy, the big data company he founded back in 1996, to computer giant HP for around $11BN some seven years ago. But within a year around three-quarters of the value […]
View More DoJ charges Autonomy founder with fraud over $11BN sale to HPCategory: Autonomy
Pan-European seed fund firstminute hits a final fund close of $100M
New UK early stage VC firstminute Capital launched in June last year to the tune of $60m, with Atomico Ventures as it’s first cornerstone investor. They were joined by 30 unicorns founders form Europe. Last September they brought in the huge China-based company, Tencent, reaching a fund size of $85m. Today firstminute capital, the London-based […]
View More Pan-European seed fund firstminute hits a final fund close of $100MBMW is working with LiDAR company Innoviz to make self-driving cars
BMW has already made clear its intent to launch self-driving cars by 2021. Now, the automaker has decided on solid-state LiDAR (Light Detection and Ranging) sensors and computer vision tech from startup Innoviz to enable its Level 3 – 5 autonomous vehicles to “see” their surroundings. For clarity, level 3 involves highly-automated driving, level four […]
View More BMW is working with LiDAR company Innoviz to make self-driving carsFull autonomy is years away, but here’s what’s next on autonomy’s wild ride
There are three exciting developments that I do expect to transpire within the next 12-18 months.The first major rollouts of autonomous fleets; the development of new mapping and LIDAR technology; and, finally, the development of communities dedicated to autonomous driving in cities and private campuses. Read More