The company hosted an event for reporters, startups, and other partners in its new seventh-floor office in Manhattan's Chelsea neighborhood. The area houses various other startups, including recent Samsung acquisition Boxee. David Eun, the executive vice president who heads Samsung's Open Innovation Center, kicked off the event, while Boo-Keun Yoon, the Samsung co-CEO who also oversees the company's electronics business, also made some remarks about Samsung's focus on … Read more
Uber may occasionally fit the Silicon Valley stereotypes of unnecessary excess, what with its helicopter rides on the 4th of July and boat service during the BART strike. But how can you knock the company when it gives its customers a chance to step back in time, through glorious gull-wing doors, into a simpler era of Chuck Berry covers and puffy vest-and-flannel combos?
So for the truly diehard "Back to the Future" fans already dusting off their limited edition pair of Nike Air MAGs, Uber is offering free DeLorean rides to San Francisco users thanks to a partnership … Read more
If you're the kind of person who can't help but bemoan the dangers of a surveillance state since the NSA revelations this past summer, then Kapture might help bolster your theories.
Meant to be worn on your wrist at all times, the device -- which launched Tuesday on the Kickstarter crowd-funding site with a goal of raising $150,000 -- is perpetually recording the last 60 seconds of audio without the user having to do anything. With a simple tap, that time frame's contents are saved, sent to, and synced with your smartphone via Bluetooth. … Read more
Y Combinator co-founder Paul Graham rejected criticism of comments he made earlier in the week about the difficulty he sometimes had understanding entrepreneurs with strong foreign accents.
Graham, one of the better-known startup backers in the technology business, had told Inc. Magazine that having a "strong foreign accent" could be detrimental to a startup founder's success if the person has trouble communicating.
One quality that's a really bad indication is a CEO with a strong foreign accent. I'm not sure why. It could be that there are a bunch of subtle things entrepreneurs have to … Read more
When Elon Musk outlined his moon-shot idea to transport humans via electromagnetically powered tubes, dubbed the Hyperloop, he was adamant in expressing that he did not have the time between his commitments at SpaceX and Telsa to make it a reality. Now a collaborative platform for would-be startup ideas has put Hyperloop on the table so it can be torn apart, refined, and eventually funded by the crowd.
The goal is to create a nexus for Hyperloop discussion and mobilization on the Web out of the dozens of disparate futurists, hobbyists, and engineers who have campaigned for support on Reddit, … Read more
Silicon Valley startup Local Motion has picked up $6 million in funding, as well as a new board member in former Microsoft executive Steven Sinofsky.
The company, which makes hardware and cloud services to control access and track the activity of vehicles, announced $6 million in series A funding on Wednesday. The investment was led by Andreessen Horowitz, and Sinofsky, who joined the venture capital firm as a board partner last week.
Telepathy, a Silicon Valley startup, has raised $5 million in a first round of funding to develop wearable computing technology that rivals Google Glass.
"Wearable technology will enable the next wave in social networking," Telepathy CEO Takahito Iguchi said in a statement. "The $5 million funding will enable us to enrich the user experience of Telepathy One, which we expect to bring to market in 2014."
Firsthand Technology Value Fund led the series-A investment, Telepathy said. With the money, the Sunnyvale, Calif.-based startup plans to hire new hardware and software engineers.
Hopes, dreams, and buzzwords were in good supply Tuesday as startup incubator Y Combinator held its 17th Demo Day at the Computer History Museum in Mountain View, Calif. Featuring 49 newly minted and potentially lucrative companies and a roomful of hungry investors, the day-long affair granted young entrepreneurs a chance to secure the next startup stepping stone while also framing the current tech landscape over the course of roughly three hours of elevator pitches.
But what was once a springboard for major players in now-colossal markets like shared services and consumer cloud storage has of late been consumed by the … Read more
With the the press of a button, Meta's CTO Raymond Lo overlaid a trailer for Pixar's "Toy Story 3" that perfectly fit inside the piece of white paper he was holding in front of him. Using what is right now a bulky, cerulean headset -- it's going to get smaller, and sexier, Meta says -- Lo was able to fix the video onto the piece of paper and move it back and forth. He even began bending the sheet, and the video bent too.
This is what Meta's CEO Meron Gribetz called the future of computing … Read more
In 1976, Steve Jobs and Steve Wozniak built the first Apple computers in Jobs' parent's modest ranch house in Los Altos, Calif., in the heart of Silicon Valley. Nearly 40 years later, in a Los Altos Hills mansion on a hilltop with a view of what Silicon Valley has become, Meron Gribetz is leading a startup that he contends could be the next Apple.
The startup, Meta, is developing so-called augmented-reality glasses that combine the power of a laptop and smartphone in a pair of stylish specs that map virtual objects into the physical world, controlled by your hands, similar to the movie portrayals of app control via gestures in "Iron Man" and "Avatar." … Read more