Market trends and business perspectives
Applied Intuition, a provider of a simulation platform for autonomous vehicle development, has raised $40 million in Series B financing.
The funding round was led by General Catalyst with participation from Kleiner Perkins, M12 (Microsoft), Sozo Ventures, and La Famiglia.
Previous investors, Andreessen Horowitz, Lux Capital, and Floodgate, also participated in this round. [Read more…] about Autonomous vehicles simulator Applied Intuition raises $40 million in funding
United States Steel Corporation says it will make an additional investment of more than $1 billion into its Pennsylvania operations.
The investment will be used to construct a new sustainable endless casting and rolling facility at its Edgar Thomson Plant in Braddock, Pennsylvania, and a cogeneration facility at its Clairton Plant in Clairton, Pennsylvania, both part of the company’s Mon Valley Works.
The “cutting-edge” endless casting and rolling technology combines thin slab casting and hot rolled band production into one continuous process and will make Mon Valley Works “the first facility of this type” in the US and one of only a handful in the world, says the company.
[Read more…] about US Steel to invest $1 billion in new facility
Three ways entrepreneurs can bring the rate of progress we’ve seen in computing and communication to car tech.
Throughout much of early-to-mid 20th century, cutting-edge design and technology found its way into cars. Following the invention of the integrated circuit, chips and bits started displacing pistons and gears in the hearts and minds of engineers.
Silicon Valley’s gravitational force began stripping Motor City of its talent, compounding with the success of every tech startup. Not long after the birth of the Internet, Silicon Valley experienced unencumbered prosperity, while Detroit struggled to hold on for dear life.
Full article: http://www.oreilly.com/pub/cpc/20765
ABB says its new Silicon Valley Campus will help company usher in the next industrial revolution with connectivity and smart data
ABB is expanding its presence in Silicon Valley, which the company considers the heart of the world’s technology economy.
ABB has brought together robotics, solar, gas analyzers, software development, and wireless communications under one roof for better integrated development and customer interaction.
The new 94,170 square foot office and lab facility is 20,000 square feet larger than the previous cumulative locations and will ultimately house nearly 200 employees when at full capacity. [Read more…] about ABB opens large, integrated new facility in Silicon Valley
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