The company just raised $15 million in a funding round led by NEA, which will go toward hiring engineers and getting the product ready for commercial adoption. Peter Thiel's Founders Fund is also an investor. CEO Noah Ready-Campbell said it's too soon to say how the technology will be priced. He's optimistic that there are multiple ways to make money, whether it's selling the sensor kits to companies like Caterpillar and John Deere for their machines, selling to contractors for retrofits or renting out the technology for projects.
This Robot Tractor is Ready to Disrupt the Construction Industry
ZIPPING AROUND LIKE a bumblebee, the little black-and-yellow tractor claws its bucket into one of San Francisco’s few vacant lots, kicking up a puff of dust. Payload secured, it backs up—beep, beep, beep—whips around, and speeds to its dirt pile, stopping so quickly that it tips forward on two wheels. It drops its quarry and backs up—beep, beep, beep—then speeds back to its excavation for another bucketful. Atop the tractor is, of all things, a cargo carrier, like one you’d put on your car. But instead of carrying camping gear, it’s packed with electronics. Because no one is sitting in this Bobcat tractor—it’s operating itself, autonomously zipping around a lot lined with 4,500-pound concrete blocks. You know, for the safety of the community.
Samsung Becomes the Latest Phone Maker to Invest in Online TV with PlutoTV Investment
Samsung Venture Investment Corp., a unit of the South Korean company, is making a $5 million investment in Los-Angeles based Pluto TV, the companies confirmed in a statement to NBC News. Other unnamed investors added $3.3 million more to the funding round. Pluto TV is one of the biggest ad-supported online TV channel distributors, with about 6 million subscribers. It distributes more than 100 live TV channels from news and sports to cooking and kids' cartoons channels.
Free streaming TV service Pluto TV raises $8.3M, in new round led by Samsung
Free streaming TV service Pluto TV announced today it has received a new $5 million investment from Samsung Venture Investment Corporation, the VC arm of the Samsung Group. Combined with other investors, the full round totaled $8.3 million, the company says. The round follows a $30 million Series B for the streaming service, announced a year ago, which valued the business at $140 million. Investors then included ProSieben of Germany and Scripps Network Interactive, among others. While that round was more focused on helping fuel Pluto TV’s expansion into the European market, the funds from Samsung could be viewed as more of a strategic investment from a partner. (Pluto TV already streams its content on Samsung Smart TVs.)
Walmart acquires NYC delivery startup Parcel as Amazon battle heats up
Walmart has acquired Brooklyn-based delivery startup Parcel, the retail giant’s fifth technology startup acquisition in the past 14 months. Terms of the acquisition were not disclosed, but the deal closed on September 29. Founded in 2013, Parcel is a “last-mile” delivery platform designed to help ecommerce companies get their goods to customers’ doors. It operates around the clock, delivering packages in scheduled two-hour windows, overnight, or on the day an order is placed.
Walmart has acquired the logistics startup Parcel to help launch same-day delivery in New York City
Walmart.com will soon begin offering same-day delivery to some customers in New York City, and it has purchased a local startup to help it with the behind-the-scenes logistics. The giant retailer has acquired Parcel, a Brooklyn, N.Y.-based company that handles scheduled and same-day delivery services in New York for online retailers like Bonobos and meal-kit companies like Chef’d and Martha Stewart’s Martha & Marley Spoon.
How 2 young guys went from the brink of bankruptcy to selling their 'Shark Tank' business for $300M
In the summer of 2011, after graduating from Harvard Business School and finishing active duty with the Marine Corps, Nick Taranto got a job at Goldman Sachs. "I was miserable working on Wall Street, and I was gone within seven months," Taranto tells CNBC Make It. He left in January 2012 to start his own business. "I knew I wanted to do something entrepreneurial where I could roll up my sleeves and harness data and technology and apply them to a very large industry," says Taranto, now 33.
Stop & Shop's HowGood news is great for produce
Stop & Shop grocery stores in Massachusetts have partnered with HowGood, an independent research organization dedicated to bringing transparency to the shopping experience. Now Stop & Shop customers can benefit from HowGood’s extensive research and easily identify food products that meet rigorous environmental and social benchmarks. Using the simple ratings on store shelves, shoppers can find the most sustainable, wholesome and honest foods.IMG 20170103 141043 Over the past 10 years, HowGood has developed a database of sustainable food ratings and research, which supports an in-store ratings system that identifies leaders in the food industry. The
Albertsons to Buy Meal-Kit Company Plated
Emergency Medicine Provider Call9 Raises $24M in Series B Funding
New York City-based Call9, an emergency medicine provider, has secured $24 million in Series B funding. Redmile led the round with participation from other investors that included Index Ventures, Refactor, Y Combinator and Western Technology Investment. Known for reinventing Emergency Medicine in nursing homes and rehabilitation centers. Call9 powers a sophisticated, high-touch technology platform and multi-disciplinary healthcare service, which delivers care to patients at their bedside. The company embeds highly-skilled clinical care specialists on-site, in nursing homes, giving patients 24/7 real-time access to Emergency Medicine physicians and specialists, without brick and mortar limitations. Call9 defines new standards and measures of value for telemedicine, pulling the industry toward a new care category.
Eaze is moving into recreational marijuana with $27M in new funding
The cannabis industry has lit up in the last year, including weed delivery startup Eaze, which just raised $27 million in Series B financing and claims a 300 percent year-over-year increase in gross sales. Eaze has gone hard on marketing spend, using aggressive growth tactics and burning through the $24.5 million it had previously raised in VC cash. New CEO of the company Jim Patterson, who took over the role in December 2017 explains his approach as just part of the Silicon Valley cycle to get ahead, “We are a tech startup…we’re investing in growth,” he told TechCrunch when asked about the high burn rate. “We’re investing the money now in what’s clearly going to be a very big market.”