Cambridge Innovation Capital (CIC) has led a £10 million Series A funding round for PROWLER.io which develops based on interpretable principles of mathematics and learning. “This investment allows us to expand our world-leading team of academics and developers,” says PROWLER CEO Vishal Chatrath (pictured) “we will continue to solve some of the world’s hardest machine ...

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Cambridge software company Aveva has finally been snapped up by the French energy company Schneider Electric after two failed takeover attempts. Talks between the two companies first started in July 2915 at a valuation of £1.3 billion. Aveva later said that the risks for shareholders were too high. Talks re-started in July 2016 but collapsed ...

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ASML is planning to ship 12 EUV machines this year and 24 next year. So far, only 14 EUV machines have been shipped since ASML begain making them in 2013.   With the achievement of a 250W light source, ASML is now shipping 100 wafer per hour EUV machines and expects to go to 125wph ...

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Google has re-structured itself again, setting up a new holding company called XXVI after the 26 letters in the Alphabet. Two years ago, Google formed Alphabet to be the Google holding company but all the non-Google activities – known as ‘Other Bets’ remained subsidiaries of Google under that structure. Under the new structure, XXVI will ...

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Stephen Doran, formerly of Motorola, Raytheon and Wolfson, has been appointed CEO of the Cardiff Compound Semiconductor Applications Catapult. The Cardiff Catapult is one of 10Catapult Centres set up by Innovate UK The others are: Cell and Gene Therapy Digital, Future Cities, High Value Manufacturing Offshore Renewable Energy Satellite Applications Transport Systems Energy Systems Medicine ...

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Alibaba is trialling its ‘smile-to-pay’ facial recognition technology at a KFC in Huangzhou. The process does not require a smartphone. So long as a customer has signed up to the service, a facial scan is all that is required. However, if further  verification is required, a smartphone is needed. Alibaba is using the technology developed ...

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Toshiba has launched a microSD UHS-I card with a read speed of up to R100 MB/s and which is shock proof, water resistant and x-ray proof. Available in memory capacities from 16GB to 256GB and targeted at the mainstream customer with its cost-effective entry-level design in the UHS-I category, the microSD M203 offers mobile users ...

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On Wednesday the EU Court of Justice, Europe’s highest court, is expected to rule on the Intel anti-trust fine imposed eight years ago. The ruling will have a big effect on how US companies react to EU legal penalties. In 2009, Intel was hit with a $1.26 billion fine for abuse of a dominant market ...

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Fujitsu Laboratories has expanded its Creative Digital Space User-Interface (UI) technology which enables co-creation activities across multiple locations. Previous Creative Digital Space technology has streamlined the sharing of information amongst numerous people by enabling collaboration through connecting multiple large screens and other devices in a single location. When sharing data between multiple locations, however, the ...

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