The three-year-old startup’s secret sauce has to do with AI on the edge — machine learning and image recognition tools that can be executed on low-power devices rather than relying on the cloud. NGP Capital invested in Xnor.ai in 2018.
Zinier, the leader in intelligent field service automation, today announced that it has raised $90 million in Series C funding to transform field service workforces with AI-driven automation. New investor ICONIQ Capital led the round with new participation from Tiger Global Management, Accel, Founders Fund, NGP Capital and more.
VatorNews: Asel has realized 20 successful investments, including five IPOs and four $1 billion-plus exits, of which UCWeb and Ganji were two of the largest technology acquisitions in China. Other successful exits include KongZhong, DQ Entertainment, Gridsum, Morpho, Madhouse, Whistle, CityMaps and Intermedia. Meet the man leading the global venture capital firm, NGP Capital.
Canadian startup company HaiLa, which offers technologies that can drastically reduce energy consumption for Internet of Things devices, has won the 2019 Nokia Open Innovation Challenge. The competition was organized by Nokia Bell Labs in partnership with NGP Capital.
Ranked sixth in the world by Start-Up Genome’s Start-Up Ecosystem Rankings in 2019, Israel has been recognized internationally as the start-up nation, punching above its weight for a country with a population of only 8 million. How does this tiny nation manage to be so creative?
Bengaluru-based online classifieds marketplace Quikr is looking to go public in 2021. The company has raised $352.8 Mn in funding from investors such as Tiger Global, Kinnevik, Warburg Pincus, Matrix Partners, Norwest Venture Partners, eBay, and NGP Capital.
NIKE has acquired Celect, a leading retail predictive analytics and demand sensing firm based in Boston. Celect is Nike’s latest acquisition, fueling its Consumer Direct Offense strategy, serving consumers personally at a global scale.
The trucking world has been inundated in recent years by startups all aiming to solve the big three problems with freight: safety, fuel costs and driver shortages. For Peloton Technology, a Silicon Valley company that launched in 2011, the answer doesn’t strip out the human driver.
Fueled by its $300 million Series D round led by Softbank last August, Getaround is making its second-ever acquisition this year with a $12 million purchase of Norwegian car rental startup Nabobil. This acquisition brings Getaround into seven European countries.
NEXT Trucking, a FreightTech pioneer that connects shippers and carriers, has struck an agreement to open an 18-acre drayage facility to ease congestion at the ports of Los Angeles and Long Beach, the two largest seaports in the US. Read more from Port Technology International.
Today, SecurityScorecard’s platform is the “gold standard” for security ratings used across 175 countries for cybersecurity insurance underwriting, M&A due diligence, reputation management, and vendor risk management.
GetYourGuide and Deliveroo both announced new funding today, with Deliveroo raising $575M led by Amazon and GetYourGuide $484M led by Softbank’s Vision Fund. NGP Capital first invested in both companies in 2015, both investments were made in NGP Capital’s Smart Mobility theme.