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Archivo del Autor: Belen De Leon

Salesforce Ventures earmarks $100M to invest in Canadian enterprise cloud startups

After committing $2 billion towards expanding operations north of the border in Canada in February, Salesforce is now doubling down on startups in the country. Salesforce Ventures, the company’s investment arm, today announced the Trailblazer Fund, earmarking $100 million to invest in startups out of Canada, with a special focus on those working in enterprise cloud computing.

It’s also announcing the first four startups to get backed out of the fund. They include Tier1CRM, which develops cloud-based CRM solutions for financial services companies; Traction Guest, which builds visitor management systems (VMS systems power the digital sign-in services you go through when you visit many offices);
Tulip, a retail app developer focused on omnichannel commerce; and OSF Commerce, a customer experience specialist.

“Salesforce Ventures is an incredibly strong partner to Canadian startups,” said Ali Asaria, CEO and founder of Tulip, in a statement. “Their investment and the unique access we get to the Salesforce ecosystem has enabled us to expand our business faster and maintain that rapid pace of growth.”

The news follows several other funds out of Salesforce Ventures also focusing on specific areas or regions. In 2015 it set aside $100 million specifically for European cloud startups; and in 2017 it earmarked $50 million for cloud consulting startups and $50 million for those focused on AI solutions for the Salesforce platform (not unlike its own version of an Alexa or Slack Fund). Salesforce Ventures itself started as a fund, the Salesforce1 fund back in 2014.

Salesforce has invested in a number of startups out of the country before now, including those that do not look like they only indirectly offer a strategic fit into Salesforce itself. They have included the smart wristband company Bionym, video analytics startup Vidyard, and LeadSift.

“There is incredible innovation happening in Canada today and we want to encourage and empower the next generation of enterprise cloud startups in the region,” said John Somorjai, EVP of corporate development and Salesforce Ventures at Salesforce, in a statement. “Salesforce Ventures’ Canada Trailblazer Fund is a commitment to our mission to help startups grow and enable our customers to reach new levels of success.”

Canada plays a key role for Salesforce in its business. Today the company says that it’s the number-one CRM provider in the country, with 6,000 companies including Air Canada, Husky Energy, Loblaws, Manulife, Roots, TD Bank and TELUS among its customers.

The $2 billion investment announced earlier this year, which will be made over the next five years, was aimed at growing headcount, real estate footprint and data center capacity. This startup fund will not only be a boost to small tech businesses in the region; but it could prove to be an interesting dealflow funnel for Salesforce itself to tap into and acquire local talent for that bigger operation.

It’s also tapping into a large economy that is adjacent and tightly connected to that of Salesforce’s home market. It notes that IDC estimates Canada’s public cloud software market will be worth C$4.1 billion ($3.1 billion) by 2019.

“Canada is recognized as an excellent place to start and build globally competitive technology companies,” said the Honourable Navdeep Bains, Canadian Minister of Innovation, Science and Economic Development, in a statement. “Corporate initiatives such as Salesforce Ventures’ new Canada Trailblazer Fund provide valuable support to technology entrepreneurs throughout their start-and-scale journey.”


Source: TechCrunch

SoundHound has raised a big $100M round to take on Alexa and Google Assistant

As SoundHound looks to leverage its ten-plus years of experience and data to create a voice recognition tool that companies can bake into any platform, it’s raising another big $100 million round of funding to try to make its Houndify platform a third neutral option compared to Alexa and Google Assistant.

While Amazon works to get developers to adopt Alexa, SoundHound has been collecting data since it started as an early mobile app for the iPhone and Android devices. That’s given it more than a decade of data to work with as it tries to build a robust audio recognition engine and tie it into a system with dozens of different queries and options that it can tie to those sounds. The result was always a better SoundHound app, but it’s increasingly started to try to open up that technology to developers and show it’s more powerful (and accurate) than the rest of the voice assistants on the market — and get them to use it in their services.

“We launched [Houndify] before Google and Amazon,” CEO Keyvan Mohajer said. “Obviously, good ideas get copied, and Google and Amazon have copied us. Amazon has the Alexa fund to invest in smaller companies and bribe them to adopt the Alexa Platform. Our reaction to that was, we can’t give $100 million away, so we came up with a strategy which was the reverse. Instead of us investing in smaller companies, let’s go after big successful companies that will invest in us to accelerate Houndify. We think it’s a good strategy. Amazon would be betting on companies that are not yet successful, we would bet on companies that are already successful.”

This round is all coming in from strategic investors. Part of the reason is that taking on these strategic investments allows SoundHound to capture important partnerships that it can leverage to get wider adoption for its technology. The companies investing, too, have a stake in SoundHound’s success and will want to get it wherever possible. The strategic investors include Tencent Holdings Limited, Daimler AG, Hyundai Motor Company, Midea Group, and Orange S.A. SoundHound already has a number of strategic investors that include Samsung, NVIDIA, KT Corporation, HTC, Naver, LINE, Nomura, Sompo, and Recruit. It’s a ridiculously long list, but again, the company is trying to get that technology baked in wherever it can.

So it’s pretty easy to see what SoundHound is going to get out of this: access to China through partners, deeper integration into cars, as well as increased expansion to other avenues through all of its investors. Mohajer said the company could try to get into China on its own (or ignore it altogether), but there has been a very limited number of companies that have had any success there whatsoever. Google and Facebook, two of the largest technology companies in the world, are not on that list of successes.

“China is a very important market, it’s very big and has a lot of potential, and it’s growing,” Mohajer said. “You can go to Canada without having to rethink a big strategy, but China is so different. We saw even companies like Google and Facebook tried to do that and didn’t succeed. When those bigger companies didn’t succeed, it was a signal to us that strategy wouldn’t work. [Tencent] was looking at the space and they saw we have the best technology in the world. They appreciated it and were respectful, they helped us get there. We looked at so many partners and [Tencent and Midea Group] were the ones that worked out.”

The idea here is that developers in all sorts of different markets — whether that’s cars or apps — will want to have some element of voice interaction. SoundHound is betting that companies like Daimler will want to control the experience in their cars, and not be saying “Alexa” whenever they want to make a request while driving. Instead, it may come down to something as simple as a wake word that could change the entire user experience, and that’s why SoundHound is pitching Houndify as a flexible and customizable option that isn’t demanding a brand on top of it.

SoundHound still does have its stable of apps. The original SoundHound app is around, though those features are also baked into Hound, its main consumer app. That is more of a personal assistant-style voice recognition service where you can string together a sentence of as many as a dozen parameters and get a decent search result back. It’s more of a party trick than anything else, but it is a good demonstration of the technical capabilities SoundHound has as it looks to embed that software into lots of different pieces of hardware and software.

SoundHound may have raised a big round with a fresh set of strategic partners, but that certainly doesn’t mean it’s a surefire bet. Amazon is, after all, one of the most valuable companies in the world and Alexa has proven to be a very popular platform, even if it’s mostly for nominal requests and listening to music (and party tricks) at this point. SoundHound is going to have to convince companies — small and large — to bake in its tools, rather than go with massive competitors like Amazon with pockets deep enough to buy a whole grocery chain.

“We think every company is going to need to have a strategy in voice AI, jus like ten years ago everyone needed a mobile strategy,” Mohajer said. “Everyone should think about it. There aren’t many providers, mainly because it takes a long time to build the core technology. It took us 12 years. To Houndify everything we need to be global, we need to support all the main languages and regions in the world. We built the technology to be language independent, but there’s a lot of resources and execution involved.”


Source: TechCrunch

9 Avengers: Infinity War moments that blew my mind – CNET

Commentary: Avengers: Infinity War has way too many jaw-dropping moments for a definitive best-of list, but we’ll give it a shot.
Source: CNET

Airbus Aerial Provides a Whole New View of the World

‘Airbus Aerial’ is using a variety of vehicles to provide vital data to climate modelers, farmers, city planners, infrastructure engineers, and first responders.
Source: Wired

Biology Will Be the Next Great Computing Platform

New companies are popping up to become the Amazons, Apples, and Intels of genome engineering.
Source: Wired

HTC confirms its newest flagship smartphone will arrive May 23

Perennial smartphone struggler HTC has revealed its newest smartphone — the U12/U12+ — will launch on May 23. The big spoiler from the company is that the phone will include… components.

That isn’t exactly an informative teaser, but we do actually have a flavor for what HTC will bring to market.

Serial leaker Evan Blass, writing for VentureBeat, revealed a dual-camera setup on the reverse of the phone, with a Snapdragon 845 chipset, 6GB of RAM and either 64GB or 128GB of internal storage under the hood.

HTC badly needs this device to be a winner. Its most recent results for Q4 2017 were grim with a loss $337 million from total sales of $540 million. The company did get a cash boost from a $1.1 billion deal to sell some of its tech and talent to Google, but that wasn’t reflected in these results.

The firm is putting that capital to use for “greater investment in emerging technologies” that it says will be “vital across all of our businesses and present significant long-term growth opportunities.” The fruits of that aren’t likely to be seen for a while yet.


Source: TechCrunch

2019 Volvo XC40 packs a lot of charm into a small package video – Roadshow

There’s a lot to like with this 2019 Volvo XC40 compact premium SUV, including the innovative way you can get one.
Source: CNET

New DC Universe streaming service drags up Swamp Thing – CNET

The plant-based comic book hero will join Harley Quinn and Robin on the planned streaming service.
Source: CNET

Intel's drones are helping restore the Great Wall of China – CNET

The drones will be used to inspect and map the famous Jiankou part of the Great Wall, which may have suffered weather damage over the years.
Source: CNET

Elon Musk says Tesla's Model Y is slated for 2020 – Roadshow

The CEO also added that the assembly of the Model Y will be a “manufacturing revolution.”
Source: CNET

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