Intel acquires Movidius to advance computer vision
Intel announced that it is acquiring Movidius, a Silicon Valley-based developer of computer vision technology, for an undisclosed sum. Movidius previously raised $86.5 million in venture funding.
Europe-focused VC Northzone raises eighth fund
Northzone, a venture capital firm with offices in London, Stockholm, Oslo and New York, announced the close of a €300 million ($334 million) fund, Northzone VIII. The 20-year-old firm targets early stage investments with a focus on promising European technology startups.
India’s Reliance Jio launches $750M VC fund
Indian broadband provider Reliance Jio has allocated about $750 million to a venture capital fund called Reliance Jio Digital India Startup Fund that the company says will aim to help young entrepreneurs in the country build their businesses, the Times of India reports.
Saildrone raises $14M for drone ocean data
Saildrone, a provider of ocean data collected by a fleet of unmanned sailing drones, has closed on $14 million in Series A funding. The round was led by Social Capital with participation from the Capricorn Investment Group and Lux Capital.
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