Finnish startup HMD Global revived the Nokia brand by marrying the entire smartphone range to the Android One program. With their new identity, Nokia phones have grown popular, particularly in emerging markets where they can piggyback on the legendary brand image. In a bid to keep up with that growth trajectory, HMD Global recently announced that it has raised a total of $230 million from an investor group, including the likes of Google, Qualcomm, and Nokia Technologies. Read More
Reliance’s Jio Platforms has been on a funding spree over the past few months with some sizable investment coming from Facebook, Qualcomm, and other global names. Joining this extensive list is Google, which will pick a minority stake in India’s biggest telco to create custom software and hardware solutions for India’s growing appetite for smartphones, particularly in the lower-end segment. Read More
It's been nearly a year since the stock investment and cryptocurrency company Robinhood paused its launch of no-fees checking and savings accounts. It was forced to make changes after mistakenly claiming that its industry-leading 3% interest rates were insured by the SIPC. Now, Robinhood is finally announcing plans to move forward with a revamped version called Cash Management. Read More
Mozilla ended development on its smartphone operating system, Firefox OS, at the beginning of 2017. But since it was open-source, other companies have used the code for new products. KaiOS is one fork of Firefox OS, and was first released in March of 2017. Google has already developed applications for KaiOS, but now it's investing $22 million into the company building it. Read More
The Chinese market is notoriously difficult for American businesses to thrive in, and that's as true in technology as in any other industry. Google is clearly keen to increase its standing there, however, and has just announced a new partnership with one of the country's largest online retailers. Read More
The Google Assistant has come a long way in a short space of time, so far in fact that it's probably the most capable digital assistant around at the moment. However, the competition from Amazon's Alexa is stiff, and it's probably in more homes, so Google knows it mustn't rest on its laurels. To that end, it's opening a new investment program especially for startups who will drive the Assistant ecosystem forward. Read More
Pluto TV continues its climb into relevance. For those of you who don't know, Pluto TV is a television service that provides access to news, live sports, and themed channels for free. The company just received a $5 million investment from Samsung of all places. This money will be used to expand Pluto TV's content and marketing reach. Read More
Republic Wireless, the mobile virtual network operator that was doing hybrid Wi-Fi service before it was cool, is now an independent republic. The company received a $30 million capital investment from its parent corporation Bandwidth, according to The Verge, which allowed it to become its own separate entity. The Republic Wireless blog says that aside from a necessary change in names on customers' Terms of Service agreements, no significant changes to the service or business model are planned. Read More
At the beginning of this year, we heard news of Microsoft investing some of its millions into Cyanogen Inc., the commercial arm of CyanogenMod. Bloomberg later reported that the Redmond-based giant decided not to invest in the startup and was instead possibly considering another form of partnership. Now Cyanogen Inc. has announced the results of its latest round of funding, and Microsoft's name is nowhere to be found.
Cyanogen Inc. says it has successfully completed an $80 million round of Series C financing, and it will use its new funding to hire folks and speed up the development of its mobile platform. Read More
When we hear about smartphone advancements, usually it revolves around cramming more pixels onto our screens or beefing up our devices with even more powerful processors. Yet in this move to take everything mobile, where are the bigger batteries?
Dyson, the company that makes that cool-looking fan you picked up the other day, wants to help change things. The hand dryer-producer has invested $15 million in Sakti3, a Michigan-based company whose battery technology potentially has a higher energy density than the Lithium ion batteries powering our smartphones and Dyson's handheld vacuums.
No, it doesn't run Android. Yes, it's still relevant. Read More