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Archivo del Autor: Belen De Leon

IP platform PatSnap picks up $38M from Sequoia and Xiaomi founder’s fund

PatSnap, a Euro-Asian company that offers a patent and R&D platform and services, has pulled in a $38 million Series D funding round led by existing investors Sequoia and Shunwei Capital, the investment firm founded by Xiaomi co-founder and CEO Lei Jun. Southeast Asia’s Qualgro also took part.

All three backed the company in 2016 when it led an undisclosed Series C round. While PatSnap didn’t give a figure for that previous round, it is saying this time around that it has raised over $100 million to date. Doing some quick via math via figures on Crunchbase suggests that the Series C was something in the region of $50 million.

PatSnap was founded in 2007 and it is based out of the UK and Singapore, with locations in China and the U.S.. The company started out as essentially a directory for IP, helping companies — and particularly enterprises — pull in data for R&D and product development purposes.

The company claims 8,000 clients worldwide, with the U.S. its largest market for revenue. PatSnap said that in China, its second-largest market and a major focus for the firm, it said it has more than 4,500 clients. In addition to its core service, it is focused on going beyond a data repository to offer services for enterprises that help manage internal product development and other R&D initiatives.

“Patent data let us kick down the door and earn respect, but now we’re looking at completely different products,” Ray Chohan, SVP of corporate strategy at PatSnap told TechCrunch in an interview. “We are working on new products for R&D with a long-term view of becoming the software stack for R&D teams.”

That’s exactly how this new capital will be put to work, Tiong said. Related to that, the company plans to open an office in Toronto, Canada, for development. Already, the company has 700 staff across a range of offices that include London (commercial), China (product), Singapore (machine learning) and LA (go to market).

Series D is a fairly advanced stage for a startup in Southeast Asia (and London) and exits are something that the tech industry is giving more thought to given the growth of the ecosystem, and events such as Sea’s U.S. listing last year. Despite that, Chohan — who founded the company’s London-based office — said that he’s not thinking too hard about the future for now.

“Our obsession is our employees, customers and building great products, if we can do that then the byproduct of a liquidity event will happen by itself,” he explained.

Chohan added that PatSnap is “well funded” and on course to become profitable over the next two to three years.


Source: TechCrunch

Samsung wants to be using 100 percent renewable energy by 2020 – CNET

It aims to go completely green in office buildings, factories and operational facilities across the US, Europe and China.
Source: CNET

Train ticket dated 1,000 years in the future earns rail company fine – CNET

For “mental harassment” to the 73-year-old kicked off a train for having the ticket.
Source: CNET

China's social media reactions to Trump's summit with Kim – CNET

People wondered if Singapore is really part of Wakanda (spoiler: it’s not).
Source: CNET

S-Town, the podcast from the creators of Serial, is getting a movie adaptation – CNET

Spotlight writer and Oscar-winner Tom McCarthy is in talks to direct.
Source: CNET

Didi will resume late night Hitch rides, but only allow drivers to pick up passengers of the same sex

Didi Chuxing’s inter-city carpooling service will resume night operations on a limited basis about a month after a female passenger was allegedly murdered by an unregistered driver who accessed the platform using his father’s account. Called Didi Hitch, the service will return on June 15 with new safety measures, including one that only allows drivers to serve passengers of the same sex during late night hours. Didi Hitch will also began piloting a new feature later this month called “guardian mode” (not “escort mode” as reported by some publications) that automatically shares ride details with a passenger’s emergency contacts.

The company says Didi Hitch will resume partial nighttime service between the hours of 10PM to 12AM and 5AM to 6AM on June 15, but with what Didi says is a “tentative safety measure.” During those times, drivers will only be able to accept ride requests made by passengers of the same sex. In other words, male drivers can only accept male passengers, while female drivers can only accept female passengers.

Guardian mode will launch on June 22 as a smale-scale pilot. When a passenger turns it on, their route is automatically shared with their emergency contacts. Didi also says its platform can monitor routes in real time and “intervene in case of any unusual activity.” Another new feature, called the shared information card, will launch on the same day and display photos of both the driver and passenger and vehicle information, with the aim of allowing both parties to verify each other’s identities.

DiDi also said it will start trialing a voice recording feature for its other services, including Express, Select, ExpressPool and Minibus, in some cities.

One of the most highly-valued startups in the world, Didi now claims about 30 million daily rides and 21 million driver partners. For some passengers, however, these new safety measures may not be enough to reassure them. For one thing, last month’s murder meant that the alleged perpetrator was able to overcome several safety measures. First, he used his father’s verified driver account to access the platform. Secondly, Didi Chuxing’s facial recognition technology, which it has used since 2016 to verify drivers when they first sign up and then when they log in to start shifts, failed. Didi also said that the account had received a sexual harassment complaint before the murder, though it was unclear if that was while the father or son was using it. Didi apparently failed to contact the account despite making five efforts, but the platform nevertheless continued to allow it to accept rides.

While the new safeguards might placate some users, they don’t address the core issues brought up by the murder: making sure potentially dangerous people aren’t allowed on the platform in the first place, or are dealt with promptly when complaints surface. This is not the first time a murder has been linked to a Didi driver. Two years ago a driver allegedly confessed to robbing and killing a female passenger in Shenzhen.

In a statement emailed to TechCrunch, a DiDi spokesperson said:

“After revamping our core safety functions (including enhanced facial recognition, upgraded in-app emergency buttons, and many more), we are taking cautious steps to gradually extend DiDi Hitch’s service hours in response to demands from users. This recent update will increase the range of mobility options available to passengers during these hours.

As we do so, DiDi Hitch is trialing with a number of safety initiatives based on feedback and advice from riders, drivers and other members of the public in China. We understand some of the tentative initiatives that have attracted a lot of public support in this round of consultation might have never been tried before. We will closely monitor and review the results from such experiments with the public, and make continuous adjustments. Our focus is on ensuring the Hitch service is brought back in a safe and responsible way; and that users understand–and join us as we work through–the challenges involved in providing sustainable, fair and safe mobility services. The Hitch and other teams will continue to work around the clock for ever more satisfactory solutions. We will keep you posted.”

TechCrunch has asked for further information about the sex ratio of drivers on Didi’s platform, since if they are predominantly male (as is the case with many taxi or ride-sharing services), then that may impact how many female passengers are able to get a late-night ride using Hitch, and will update this article if we hear back.

DiDi also confirmed today that it has placed RMB 1 million (about $150,000 ) into a fiduciary account of the Beijing Global Law Office to reward informants who are able to give information that can help police solve the case. if no information or evidence has been confirmed by police by September 1, then Didi says the money will be donated to the China Foundation for Justice and Courage, which is overseen by the Ministry of Public Security.


Source: TechCrunch

Farmdrop picks up £10M Series B

Farmdrop, the farmer-friendly online grocery platform based in the U.K., has picked up £10 million in new funding. New investors in this Series B round include LGT Impact Ventures (described as a growth equity investor that invests in businesses making a positive contribution to society), and Belltown Ventures, a renewable energy investment specialist with an interest in agricultural technology. Previous backer Atomico also followed on.

Founded by ex-city broker Ben Pugh in 2014, Farmdrop originally launched as a ‘click and collect’ service that let you order groceries online from farmer-producers to pick up at a local collection point. However, the company has since pivoted to door-to-door delivery but with the same basic idea of a marketplace that bypasses the mass supermarkets. It claims to give consumers much fresher produce, and farmer-producers a more generous share of the retail price. Large supermarkets are known for squeezing suppliers in a bid to lower prices whilst maintaining their own profits, after all.

“The fundamental problem is that the supermarket’s dominance over the last fifty years has put huge amounts of downward pressure on farmgate prices,” Pugh told me when Farmdrop raised its Series A. “In this environment, the only option for producers has been to focus on yields and durability which has led to a big depreciation in the taste and nutritional quality of homegrown foods”.

To that end, Farmdrop says it now sells over 2,000 products ranging from high-welfare meat, dairy, fish, organic fruit and veg, plus household supplies and larder items. It says that 80 percent of its fresh produce is sourced directly from 208 “sustainable farmers and independent food makers” and that since 2014 the startup has generated over £5 million in revenue for small-scale British farmers.

The new capital will be used to fund further U.K. expansion after the successful launch of a second hub in Bristol and Bath in September 2017, in addition to London. “Over the next six months Farmdrop will double the total number of households it can deliver to, initially growing in the South East but with plans for a northern hub in Manchester by end of 2019,” says the company.

More broadly, Farmdrop is tapping the rise of online grocery — even if the offline to online switch is still happening quite slowly — coupled with a growing demand for high-quality produce that comes from a more ethical/sustainable supply chain (Farmdrop also uses electric vans for the last few miles of delivery). It seems to be working, too: the startup says it is now on track to achieve £10 million in annualised revenues before the end of 2018.

Adds Niklass Zennström, Skype founder and CEO of Atomico: “What we find so compelling about Farmdrop is the way they’re using technology for good. By creating a direct route to market for farmers, Farmdrop is helping to create a healthier and more efficient supply chain. We’re proud to invest in such a fantastic team and are excited about helping them scale their innovative e-grocery platform.”


Source: TechCrunch

Verizon has a new, pricier unlimited data plan with extra perks – CNET

The carrier will also let you mix and match different unlimited data options within the same family plan.
Source: CNET

Samsung launches new fund for early-stage AI investments

Samsung is diving deeper into artificial intelligence after it announced a new fund focused on AI technologies and startups.

The Korean firm’s ‘Samsung NEXT Q Fund’ is targeted at seed and Series A deals for startups that are “solving AI problems, as well as those using AI to solve computer science problems.” In particular, the announcement revealing the new fund mentioned areas that include learning in simulation, scene understanding, problem learning programs and human computer interaction.

The fund itself doesn’t have a dedicated kitty, it instead invests from Samsung’s $150 million U.S. Next Fund, which was announced last year and is focused on early-stage companies in emerging tech verticals.

The Q fund has already cut checks, though. To date it has backed a number of companies, one of which is Covariant.AI — a startup that teaches skills to robots.

“For the past ten years, we’ve watched software eat the world. Now, it’s AI’s turn to eat software. We’re launching Q Fund to support the next generation of AI startups who look to scratch beyond the surface of what we know today,” said Samsung NEXT Ventures’ Vincent Tang in a statement.


Source: TechCrunch

Amazon starts shipping its $249 DeepLens AI camera for developers

Back at its re:Invent conference in November, AWS announced its $249 DeepLens, a camera that’s specifically geared toward developers who want to build and prototype vision-centric machine learning models. The company started taking pre-orders for DeepLens a few months ago, but now the camera is actually shipping to developers.

Ahead of today’s launch, I had a chance to attend a workshop in Seattle with DeepLens senior product manager Jyothi Nookula and Amazon’s VP for AI Swami Sivasubramanian to get some hands-on time with the hardware and the software services that make it tick.

DeepLens is essentially a small Ubuntu- and Intel Atom-based computer with a built-in camera that’s powerful enough to easily run and evaluate visual machine learning models. In total, DeepLens offers about 106 GFLOPS of performance.

The hardware has all of the usual I/O ports (think Micro HDMI, USB 2.0, Audio out, etc.) to let you create prototype applications, no matter whether those are simple toy apps that send you an alert when the camera detects a bear in your backyard or an industrial application that keeps an eye on a conveyor belt in your factory. The 4 megapixel camera isn’t going to win any prizes, but it’s perfectly adequate for most use cases. Unsurprisingly, DeepLens is deeply integrated with the rest of AWS’s services. Those include the AWS IoT service Greengrass, which you use to deploy models to DeepLens, for example, but also SageMaker, Amazon’s newest tool for building machine learning models.

These integrations are also what makes getting started with the camera pretty easy. Indeed, if all you want to do is run one of the pre-built samples that AWS provides, it shouldn’t take you more than 10 minutes to set up your DeepLens and deploy one of these models to the camera. Those project templates include an object detection model that can distinguish between 20 objects (though it had some issues with toy dogs, as you can see in the image above), a style transfer example to render the camera image in the style of van Gogh, a face detection model and a model that can distinguish between cats and dogs and one that can recognize about 30 different actions (like playing guitar, for example). The DeepLens team is also adding a model for tracking head poses. Oh, and there’s also a hot dog detection model.

But that’s obviously just the beginning. As the DeepLens team stressed during our workshop, even developers who have never worked with machine learning can take the existing templates and easily extend them. In part, that’s due to the fact that a DeepLens project consists of two parts: the model and a Lambda function that runs instances of the model and lets you perform actions based on the model’s output. And with SageMaker, AWS now offers a tool that also makes it easy to build models without having to manage the underlying infrastructure.

You could do a lot of the development on the DeepLens hardware itself, given that it is essentially a small computer, though you’re probably better off using a more powerful machine and then deploying to DeepLens using the AWS Console. If you really wanted to, you could use DeepLens as a low-powered desktop machine as it comes with Ubuntu 16.04 pre-installed.

For developers who know their way around machine learning frameworks, DeepLens makes it easy to import models from virtually all the popular tools, including Caffe, TensorFlow, MXNet and others. It’s worth noting that the AWS team also built a model optimizer for MXNet models that allows them to run more efficiently on the DeepLens device.

So why did AWS build DeepLens? “The whole rationale behind DeepLens came from a simple question that we asked ourselves: How do we put machine learning in the hands of every developer,” Sivasubramanian said. “To that end, we brainstormed a number of ideas and the most promising idea was actually that developers love to build solutions as hands-on fashion on devices.” And why did AWS decide to build its own hardware instead of simply working with a partner? “We had a specific customer experience in mind and wanted to make sure that the end-to-end experience is really easy,” he said. “So instead of telling somebody to go download this toolkit and then go buy this toolkit from Amazon and then wire all of these together. […] So you have to do like 20 different things, which typically takes two or three days and then you have to put the entire infrastructure together. It takes too long for somebody who’s excited about learning deep learning and building something fun.”

So if you want to get started with deep learning and build some hands-on projects, DeepLens is now available on Amazon. At $249, it’s not cheap, but if you are already using AWS — and maybe even use Lambda already — it’s probably the easiest way to get started with building these kind of machine learning-powered applications.


Source: TechCrunch

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