[VayaVision in Jerusalem Post] LeddarTech acquires Israel’s VayaVision to upgrade autonomous driving

Canada’s LeddarTech, a leader in advanced driver assistance systems (ADAS) and autonomous driving (AD) technology, announced July 7 the acquisition of Israeli sensor fusion and perception software company VayaVision.

Read more here.

The post [VayaVision in Jerusalem Post] LeddarTech acquires Israel’s VayaVision to upgrade autonomous driving appeared first on OurCrowd.

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Web.com acquires another of the original five registrars

 DomainIncite.com: Consolidation in the domain industry continues apace, with Web.com bringing one of the remaining original five competitive registrars into its stable for AUD 12.2 million ($ 8.3 million) in cash. It’s acquiring an Australian company called Webcentral Group, which until last month was known as ARQ Group and before that as Melbour…
Domaining.com

London-based idea management platform Wazoku acquires US rival and raises additional €1.4 million for global expansion

The idea management software and services firm Wazoku today announced a new funding round of €1.4 million, led by Calculus Capital and supported by other shareholders and members of the Wazoku management team. Also, Wazoku is continuing its expansion with the acquisition of US open innovation firm InnoCentive‘s assets. The financial terms of the deal have not been disclosed yet.

The idea behind this acquisition is to create the world’s most comprehensive and powerful innovation platform and community. Following a partnership earlier in 2020, it quickly became clear that the combination of platform and network had great value to innovation-focused businesses. Wazoku was founded in 2011 and is headquartered in London.

Simon Hill, the Wazoku CEO commented: “Adding such a remarkable and proven external crowd to our existing platform means that no other organisation in the world has our reach and experience when it comes to open innovation, crowdsourcing and idea management. This is a significant step for Wazoku – further funding and a strategic acquisition mean we are better positioned than ever and have a strong and established US presence. Workplaces are becoming inherently open and collaborative and we can offer the tools, services and collective expertise to help global businesses of all sizes solve problems and create opportunities.”

InnoCentive has grown a global network of almost 500,000 expert problem “solvers” comprising CEOs, PhD students, engineers, scientists, entrepreneurs, retired technologists and business leaders. This combined brainpower has helped address thousands of the world’s most complex innovation and bid data challenges, for organisations such as AstraZeneca, NASA and Enel. According to InnoCentive they have a 75% success rate in solving such challenges.

Wazoku now probably provides the world’s biggest innovation community and broadest innovation offering. It allows the crowdsourcing of solutions to any pressing business challenge, all supported by the features and functionality already found in the Wazoku platform, Idea Spotlight.

Wazoku’s latest investment round brings the total amount raised to €8.21 million and recognises the increasing demand for innovation in business. Covid-19 saw both an increase in business and a change in the way in which organisations were using Wazoku, with the quarter during lockdown (April-Jun 2020) Wazoku’s best ever from a new business perspective and overall platform activity level.

EU-Startups

Freshworks acquires IT orchestration service Flint

Customer engagement company Freshworks today announced that it has acquired Flint, an IT orchestration and cloud management platform based in India. The acquisition will help Freshworks strengthen its Freshservice IT support service by bringing a number of new automation tools to it. Maybe just as importantly, though, it will also bolster Freshworks’ ambitions around cloud management.

Freshworks CPO Prakash Ramamurthy, who joined the company last October, told me that while the company was already looking at expanding its IT services (ITSM) and operations management (ITOM) capabilities before the COVID-19 pandemic hit, having those capabilities has now become even more important, given that a lot of these teams are now working remotely.

“If you take ITSM, we allow for customers to create their own workflow for service catalog items and so on and so forth, but we found that there’s a lot of things which were repetitive tasks,” Ramamurthy said. “For example, I lost my password or new employee onboarding, where you need to auto-provision them in the same set of accounts. Flint had integrated with Freshservice to help automate and orchestrate some of these routine tasks and a lot of customers were using it and there’s a lot of interest in it.”

He noted that while the company was already seeing increased demand for these tools earlier in the year, the pandemic made that need even more obvious. And given that pressing need, Freshworks decided that it would be far easier to acquire an existing company than to build its own solution.

“Even in early January, we felt this was a space where we had to have a time-to-market advantage,” he said. “So acquiring and aggressively integrating it into our product lines seemed to be the most optimal thing to do than take our time to build it — and we are super fortunate that we placed the right bet because of what has happened since then.”

The acquisition helps Freshworks build out some of its existing services, but Ramamurthy also stressed that it will really help the company build out its operations management capabilities to go from alert management to also automatically solving common IT issues. “We feel there’s natural synergy and [Flint’s] orchestration solution and their connectors come in super handy because they have connectors to all the modern SaaS applications and the top five cloud providers and so on.”

But Flint’s technology will also help Freshworks build out its ability to help its users manage workloads across multiple clouds, an area where it is going to compete with a number of startups and incumbents. Since the company decided that it wants to play in this field, an acquisition also made a lot of sense given how long it would take to build out expertise in this area, too.

“Cloud management is a natural progression for our product line,” Ramamurthy noted. “As more and more customers have a multi-cloud strategy, we want to give them a single pane of glass for all the work workloads they’re running. And if they wanted to do cost optimization, if you want to build on top of that, we need the basic plumbing to be able to do discovery, which is kind of foundational for that.”

Freshworks will integrate Flint’s tools into Freshservice and likely offer it as part of its existing tiered pricing structure, with service orchestration likely being the first new capability it will offer.

Startups – TechCrunch

Aura Acquires Brand Match Aura.com Domain Name

 DomainInvesting.com: I track thousands of one word .com domain names using the invaluable DomainTools Monitor Tool. In this morning’s Monitor Alert email, I noticed that Aura.com transferred from Uniregistry to GoDaddy. The domain name had been privately registered at Uniregistry, and it is still registered under Whois privacy at GoDaddy. When I vi…
Domaining.com

Barcelona-based startup TravelPerk wants to help travellers in the new normal, acquires Albatross

TravelPerk, the fastest growing global travel management platform, has today announced the acquisition of Albatross, a startup that offers an API for structured information on travel restrictions and local guidelines to travel applications. 

Albatross was founded this year to cater to the increasing need for information on travel restrictions, health requirements and local guidelines that has come about as a result of the pandemic. The company was founded in Barcelona, by CEO Raphael Daverio.

The acquisition is part of TravelPerk’s broader efforts to help travelers and businesses navigate the complex travel environment created by Covid-19 safely and confidently. Albatross’ technology and data will be incorporated into TravelCare, TravelPerk’s travel risk management offering. 

As societies across the world work to recover from Covid-19, international business travel is starting to reopen. However, the situation remains uncertain, with travel restrictions and guidance for travelers differing significantly across geographies and changing frequently. This leaves many travelers unsure of how to travel safely and in accordance with local rules, travel managers without the visibility and tools to respond to changes quickly, and makes it extremely difficult for companies to fulfil their duty of care obligations to employees. 

TravelPerk’s expanded travel risk management offering will address these challenges and support travelers before and after they book a trip, as well as while they are traveling. Through Albatross’ developer-centric API, travel providers will be able to display information on travel restrictions in their booking flow.

This includes risk advisory on Covid-19, any Covid-related restriction – including whether travel is permitted between locations and any social distancing and face mask regulations that apply – plus local emergency numbers. TravelCare also covers guidance around other potential issues, including strikes, closures and planned protests. The information is updated in real-time and, unlike traditional travel risk content, it is presented in a digestible, user-friendly format that can be easily understood by travelers. 

TravelPerk’s first acquisition

With the acquisition of Albatross, TravelPerk is reinforcing its strong suite of travel risk management products. Founded earlier this year, Albatross has built an industry-leading, developer-centric travel risk management API. It is the only company that can cover point-to-point travel restrictions and has already seen significant traction within the sector. 

As well as being integrated into TravelPerk’s platform, Albatross’ offering will continue to be offered as a standalone product for travel providers and end-users. The Albatross team led by founder Raphael Daverio will be joining the TravelPerk team to further develop TravelPerk’s product offering in the travel risk management space.

Helping travelers to navigate the ‘new normal’

Some of the TravelPerk’s expanded travel risk management offerings, which also incorporate content from travel risk assessment software provider Riskline, are available to customers from today, with others becoming available in the coming weeks. Key features include:

  • Real-time information on point-to-point restrictions: An industry-first, this gives customers real-time visibility into the rules and guidance that apply to travel from their specific place of origin to their destination. 
  • In-search information on Covid-related requirements and local guidelines: Updated in real-time from governmental, diplomatic and regulatory sources, this information will project whether travel will be authorised on the planned departure date, and provide details on the latest documentation requirements and level of risk.
  • Post-booking & in-journey support: Once a trip has been booked, TravelPerk will send users a personalised email with extra travel documents and an itinerary including the latest risk alerts. Leading up to and during the journey itself, users then receive in-app notifications or email alerts of any updates or changes to the travel and health guidelines or level of risk at the destination.
  • 7-star customer care: As with all its products and services, TravelPerk’s travel risk management offering is supported by TravelPerk’s inhouse customer care team, which provides 7-star, 24/7 human customer support to resolve any issues that arise in-journey. 
  • Free & Premium versions: Every TravelPerk customer will receive all traveler facing features, with limited admin functionality. A premium offering will also be available with additional admin features, including full visibility of notifications and the trips and employees affected. 

Avi Meir, CEO and co-founder of TravelPerk, said: “We know from our own data that businesses are starting to think about traveling again. But we also know that there is no going back to the simple world that we took for granted before Covid-19. The new normal for business travel will be more complex and much more unpredictable, as travel corridors or travel bubbles open up and close down in response to the public health situation in each country, or even in specific regions within countries.

“At TravelPerk, our focus is always on delivering the best possible traveler experience. In this new era, that means giving individuals seamless access to the very latest information on travel restrictions and health guidance; not just general information, but the exact things they need to know for the specific journey they are planning. This is exactly what the fantastic product built by Albatross makes possible. We were blown away by what Raphael and his team have built and are delighted to have them joining the TravelPerk team as part of our first ever acquisition.”

Raphael Daverio, CEO and founder of Albatross, added: “At the core, Albatross and TravelPerk share the same fundamental belief that travel applications can still create delightful, safe travel experiences for their users despite the Covid-19 pandemic.

“Joining forces with TravelPerk will help us accelerate our product innovation and growth globally and ultimately gets us closer to our vision of bringing disruptive travel risk management tools to businesses of every size. I am truly thrilled to start working with Avi and his fantastic team to build products that will genuinely set new standards in the travel industry.”  

The new travel risk management solutions are the latest addition to TravelPerk’s growing suite of innovative products and services. It follows the launch of flexible refund product FlexiPerk in 2019; carbon offsetting product GreenPerk earlier this year; and TravelPerk’s recent partnership with International SOS to repatriate travelers stranded abroad.

Backed by world-class investors like Kinnevik, Target Global, Felix Capital, Spark Capital, Heartcore, LocalGlobe, Amplo, 14W—investors in some of the most disruptive companies in tech including Zalando, Slack, Trello, Twitter, Farfetch and Delivery Hero — TravelPerk is reinventing business travel with an end-to-end solution that works.

— Press release

Main image credits: TravelPerk

The post Barcelona-based startup TravelPerk wants to help travellers in the new normal, acquires Albatross appeared first on Silicon Canals .

Startups – Silicon Canals

Barcelona-based TravelPerk acquires travel information API provider Albatross

Today TravelPerk, a fast-growing all-in-one business travel management platform, has announced the acquisition of Albatross, an early-stage API startup that offers information on post-COVID travel restrictions and local guidelines to travel applications.

Founded in 2015, Barcelona-based TravelPerk has grown to 400+ employees in 5 years, and continue to be positive about the future of the business travel sector, as seen in our interview with co-founder Avi Meir last month. Their recent acquisition Albatross was founded just earlier this year, and have built an industry-leading, developer-centric travel risk management API. So far they are the only company that can cover point-to-point travel restrictions, and have already seen significant traction within the sector. Albatross’ technology and data will be incorporated into TravelCare, TravelPerk’s existing travel risk management offering.  

As societies across the world work to recover from COVID-19, international business travel is starting to reopen. However, the situation remains uncertain, with travel restrictions and guidance for travellers differing significantly across geographies and changing frequently. This leaves many travellers unsure of how to travel safely and in accordance with local rules, travel managers without the visibility and tools to respond to changes quickly, and makes it extremely difficult for companies to fulfil their duty of care obligations to employees. 

TravelPerk’s expanded travel risk management offering will address these challenges and support travelers before and after they book a trip, as well as while they are travelling. Through Albatross’ developer-centric API, travel providers will be able to display information on travel restrictions in their booking flow. This includes risk advisory on COVID-19, any COVID-related restriction – including whether travel is permitted between locations and any social distancing and face mask regulations that apply – plus local emergency numbers. TravelCare also covers guidance around other potential issues, including strikes, closures and planned protests. The information is updated in real-time and, unlike traditional travel risk content, it is presented in a digestible, user-friendly format that can be easily understood by travellers. 

As well as being integrated into TravelPerk’s platform, Albatross’ offering will continue to be offered as a standalone product for travel providers and end-users. The Albatross team led by founder Raphael Daverio will be joining the TravelPerk team to further develop TravelPerk’s product offering in the travel risk management space.

Avi Meir, CEO and co-founder of TravelPerk, said: “We know from our own data that businesses are starting to think about traveling again. But we also know that there is no going back to the simple world that we took for granted before COVID-19. The new normal for business travel will be more complex and much more unpredictable, as travel corridors or travel bubbles open up and close down in response to the public health situation in each country, or even in specific regions within countries.

“At TravelPerk, our focus is always on delivering the best possible traveler experience. In this new era, that means giving individuals seamless access to the very latest information on travel restrictions and health guidance; not just general information, but the exact things they need to know for the specific journey they are planning. This is exactly what the fantastic product built by Albatross makes possible. We were blown away by what Raphael and his team have built and are delighted to have them joining the TravelPerk team as part of our first ever acquisition.”

Raphael Daverio, CEO and founder of Albatross, added: “At the core, Albatross and TravelPerk share the same fundamental belief that travel applications can still create delightful, safe travel experiences for their users despite the COVID-19 pandemic. Joining forces with TravelPerk will help us accelerate our product innovation and growth globally and ultimately gets us closer to our vision of bringing disruptive travel risk management tools to businesses of every size. I am truly thrilled to start working with Avi and his fantastic team to build products that will genuinely set new standards in the travel industry.”  

The new travel risk management solutions are the latest addition to TravelPerk’s growing suite of innovative products and services. It follows the launch of flexible refund product FlexiPerk in 2019; carbon offsetting product GreenPerk earlier this year; and TravelPerk’s recent partnership with International SOS to repatriate travelers stranded abroad.

EU-Startups

Tron acquires T.network

 The Domains: Tron (TRX) is a Blockchain-based decentralized operating system based on a cryptocurrency native to the system, known as TRX. They operate on Tron.network. But yesterday they put out a release they are moving to T.network. Currently it’s redirecting to Tron.Network. On Medium they wrote an article announcing the move and seem t…
Domaining.com

DocuSign acquires Liveoak Technologies for $38M for online notarization

Even in the best of times, finding a notary can be a challenge. In the middle of a pandemic, it’s even more difficult. DocuSign announced it has acquired Liveoak Technologies today for approximately $ 38 million, giving the company an online notarization option.

At the same time, DocuSign announced a new product called DocuSign Notary, which should ease the notary requirement by allowing it to happen online along with the eSignature. As we get deeper into the pandemic, companies like DocuSign that allow workflows to happen completely digitally are in more demand than ever. This new product will be available for early access later in the summer.

The deal made sense given that the two companies had a partnership already. Liveoak brings together live video, collaboration tooling and identity verification that enables parties to get notarized approval as though you were sitting at the desk in front of the notary.

Typically, you might get a document that requires your signature. Without electronic signature, you would need to print it, sign the document, scan it and return it. If it requires a notary, you would need to sign it in the notary’s presence, which requires an in-person visit. All of this can be streamlined with an online workflow, which DocuSign is providing with this acquisition.

It’s like the perfect pandemic acquisition, making a manual process digital and saving people from having to make face-to-face transactions at a time when it can be dangerous.

Liveoak Technologies was founded in 2014 and is part of the Austin, Texas startup scene. The company raised just under $ 28 million during its life as a private company. The firm most recently raised $ 8 million at a post-money valuation of $ 30.4 million, according to PitchBook data. Given the amount that DocuSign paid for the startup, it appears to have gotten a bargain.

This acquisition is part of a growing pandemic acquisition trend of sorts, where larger public enterprise companies are plucking early-stage startups, in some cases for relatively bargain prices. Among the recent acquisitions are Apple buying Fleetsmith and ServiceNow acquiring Sweagle last month.

Startups – TechCrunch

[VayaVision in Globe Newswire] LeddarTech Acquires VayaVision to Accelerate the Delivery of its Comprehensive and Open Sensor Fusion and Perception Platform for the Automotive and Mobility Market

LeddarTech®, a leader in ADAS and AD technology, is pleased to announce the acquisition of sensor fusion and perception software company VayaVision.

Read more here.

The post [VayaVision in Globe Newswire] LeddarTech Acquires VayaVision to Accelerate the Delivery of its Comprehensive and Open Sensor Fusion and Perception Platform for the Automotive and Mobility Market appeared first on OurCrowd.

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