Outsight, a Paris-based startup developing 3D cameras for use by smart cities and autonomous vehicles, raised $20 million. "We see the first applications in smart cities and smart monitoring infrastructure," said CEO Cedric Hutchings.
France-based Yubo, maker of a social media app designed to help teenagers make friends, raised $12.3 million in its most recent funding round. The company wants to use the money to enhance safety on its platform and draw users in new markets.
Aeva, a maker of lidar sensors for self-driving systems, received an investment from Porsche Automobil Holding SE. Aeva said it has been able to reduce the size of the components in its lidar sensor, potentially leading to significant cost reductions.
LeanDNA has received $15 million in funding that will be used to grow the company's customer base and bolster other strategic initiatives. "We are dedicated to empowering factory procurement teams to take control of their inventory," said co-founder and CEO Richard Lebovitz.
Bloomberg's Index Compounding Calculator is a tool to track rates based on the new benchmarks such as the secured overnight funding rate and sterling overnight index average. The Bank of England will retire LIBOR in two years.
Volvo Cars is tracking the origin of cobalt used in its batteries in order to ensure the commodity is ethically sourced. Blockchain technology is making origin tracing possible since the transaction data it stores can't be altered.
Options activity shows heavy hedging by traders seeking cover as central bank policies, international trade negotiations and an election in the UK all will make headlines. In spite of options activity, US stocks have remained steady.
Fraud detection, signature reviews and even the assessment of insurance claims are among the more advanced tasks that may now be automated. Signature review, for example, is the "missing piece" in banking automation currently, says Daniel Dines CEO of UiPath.
BME's DLT-Prenda digitization of collateral certifications is now live with Renta 4 Banco as the first customer. The system was developed over a nine-month period using blockchain technology.