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Aptiv to buy Wind River for $4.3 billion

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Aptiv, a technology company developing mobility software and systems, is to acquire Wind River from TPG Capital, the private equity platform of global alternative asset management firm TPG, for $4.3 billion in cash.

Wind River is a global leader in delivering software for the intelligent edge. Used on over two billion edge devices across more than 1,700 customers globally, Wind River’s software enables the secure development, deployment, operations and servicing of mission-critical intelligent systems.

This edge-to-cloud software portfolio spans the aerospace and defense, telecommunications, industrial and automotive markets and is anchored by Wind River Studio, a highly versatile, comprehensive cloud-native intelligent systems software platform that enables full product lifecycle management for edge-to-cloud use cases. [Read more…] about Aptiv to buy Wind River for $4.3 billion

Bot Hacks: The Next Frontier

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The age of robots and artificial intelligence is in its early stages – robots are here to stay for a long time and generations to come.

For decades, robots have played a significant role in sci-fi movies and our imaginations in tandem.

Today, some household appliances such as automated vacuums are robotic. Such popular robotic appliances coupled with IoT functionality are very promising. [Read more…] about Bot Hacks: The Next Frontier

Robotics data and operations startup Formant raises $18 million

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Formant, a robotics data and operations platform, has completed an $18 million series A funding round.

The investment was led by SignalFire, with participation from Hillsven, Pelion, Goodyear Ventures, Thursday Ventures, Ericsson, Picus Capital, and Holman Strategic Ventures.

Founded in 2017, Formant is a cloud-based platform for managing fleets of heterogeneous robots. [Read more…] about Robotics data and operations startup Formant raises $18 million

Copia Automation raises $16.4 million to bring DevOps efficiencies to industrial automation

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Industrial automation software developer Copia Automation has secured a Series A investment of $14.2 million led by Lux Capital, with follow-on investment from Construct Capital and participation from Ironspring Ventures.

This latest round builds on existing $2.2 million in seed funding led by Construct Capital with participation from Lux Capital and Liquid 2 Ventures. Bilal Zuberi, Partner at Lux Capital, will join Copia’s board alongside Dayna Grayson from Construct Capital.

Copia Automation brings modern DevOps to industrial automation, specifically the coding of Programmable Logic Controllers or PLCs – the computerized brains behind today’s complex manufacturing machines. [Read more…] about Copia Automation raises $16.4 million to bring DevOps efficiencies to industrial automation

Important reasons why your company needs a managed IT services company

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A lot of the businesses do not have in-house IT support department, which is the reason they have to get third-party services.

If you have a small business and you are not planning to hire a lot of people just for the IT Department, you can easily get help from the third party companies.

But why do you need the IT department in the first place? [Read more…] about Important reasons why your company needs a managed IT services company

STMicroelectronics teams up with REV Robotics’ battlebot

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Semiconductor company STMicroelectronics is contributing multiple STM32 microcontrollers (MCUs) to REV Robotics’ “Switchback” battlebot.

The 250-pound battlebot, which uses a dual-motor drum spinner mounted on a fully-ambidextrous arm, is designed for durability and serviceability – as well as to win robot battles by hitting opponent robots really, really hard, and breaking them apart with the drum spinner.

The Switchback battlebot, premiering in battle on the Discovery Channel on January 6th, 2022 and on display in ST’s private suite at CES 2022, uses five heavy-duty electronic speed controllers with open-source firmware, implemented with STM32 MCUs. [Read more…] about STMicroelectronics teams up with REV Robotics’ battlebot

5 IAM Facts that Business Owners Should Know

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If you work in the IT sector, you should know all about IAM. It’s a concept that continues to take hold in information technology, and it has many business applications. We’ll cover some IAM facts in this article that company owners should know.  [Read more…] about 5 IAM Facts that Business Owners Should Know

The Future of the Workplace: The Rise of the Digital Workplace

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Since the Covid-19 pandemic rolled through the world the way companies conduct business has changed dramatically. A shift in business makes a significant impact upon the workforce across the globe. In a positive way.

Companies that could allow their employees the luxury of working from home during the lockdowns did so. The ones that were not able to do so continued to run as best that they could, cutting back on production and payroll to allow them to stay in business.

Some of them, anyway. Thousands of businesses had to go bankrupt and close their doors because they could not follow the shift of the business world. [Read more…] about The Future of the Workplace: The Rise of the Digital Workplace

10 Essential Services Your IT Support Company Should Cover

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Today, implementing the use of information technology (IT) is essential to the success of any business enterprise. It involves the use of computing systems to store and share information.

Major information technology components include computer hardware, computer software, telecommunications, database, and human resources.

You can depend on your internal IT department to provide computing services. However, you can reap more benefits by outsourcing such services from a third-party firm.

Outsourcing is the process of entrusting your business IT functions to a service provider instead of working with your internal workers. Some of the benefits of outsourcing your IT services include minimized costs, improved efficiency, quick implementation of new technologies, and much more. [Read more…] about 10 Essential Services Your IT Support Company Should Cover

Apex.AI raises $56.5 million in Series B fundraising round

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Apex.AI, a company developing breakthrough safety-certified software for mobility and autonomous applications, has raised $56.5 million in a Series B fundraising round, bringing the total raised to date to $74 million.

The Series B round was led by Orillion, and included new participation from ZF, Continental, AGCO, Canaan, Lightspeed Venture Partners, Airbus Ventures, Jaguar Land Rover’s InMotion Ventures and others.

Other investments previously announced include Volvo Group Venture Capital, Toyota Ventures and HELLA Ventures, which further form Apex.AI’s world-class group of investors. [Read more…] about Apex.AI raises $56.5 million in Series B fundraising round