Joby Aviation Reveals Its Electric Aircraft In Flight For The First Time

Joby Aviation, the electric aviation company based in Northern California, is the latest futuristic mobility company to go public via a reverse merger with a special purpose acquisition company, or SPAC. To celebrate, the company is releasing the first footage of its electric aircraft in flight. Joby, which is backed by Toyota and recently acquired…

Toyota, Denso Team With Aurora On Self Driving Cars For Uber

Toyota Motor Corp and longtime supplier partner Denso Corp will team up with self-driving car startup Aurora to develop and build autonomous minivans for ride hailing networks, the companies said on Tuesday. The deal gives San Francisco-based Aurora a clearer path to profitability as it competes with Alphabet Inc’s Waymo, General Motors Co’s majority-owned Cruise…

Jeff Bezos Steps Up Effort Into Blue Origin’s Project Kuiper

Freed from his daily obligations at Amazon, Jeff Bezos is expected to turn up the heat on his space venture, Blue Origin, as it faces a pivotal year and fierce competition from Elon Musk’s SpaceX, industry sources said. The 57-year-old Bezos, a lifelong space enthusiast and the world’s second-richest person behind Musk, said last week…

Sony, DoCoMo Test Remote Auto Test Drive Over 5G

Having a car in, say, Guam, and driving it from 1,500 miles away in Japan, all by 5G, sounded pretty theoretical. Until suddenly it wasn’t. The car, manufactured by the Sony Corporation and dubbed the New Concept Car SC-1, was out for testing with Docomo Pacific, the largest telco in Guam and the Northern Mariana…

Houston Based Aerospace Unicorn Axiom Space Raises $130M In Series-B Funding

Houston-based aerospace firm Axiom Space, which specializes in spaceflight and space asset development, raised a $130 million Series B round, the company announced Feb. 16. The round was led by C5 Capital and saw participation from TQS Advisors, Declaration Partners, Moelis Dynasty Investments, The Venture Collective, Aidenlair Capital, Hemisphere Ventures, Starbridge Venture Capital and Washington…

Ford And Google Sign Six-Year Deal For In Car Connectivity And Cloud Services

Ford and Google are entering a six-year deal that will make the tech giant responsible for much of the automaker’s growing in-vehicle connectivity. Google will also provide cloud computing and other technology services. The partnership announced Monday is designed to streamline Ford’s operations and accelerate an ongoing $11 billion restructuring plan. It marks a major…

Robotic process automation platform UiPath raises $750M at $35B valuation

UiPath, one of the leaders in the quickly growing robotic process automation (RPA) space, announced Monday that it has closed on $750 million in Series F funding at a staggering post-money valuation of $35 billion. Existing backers Alkeon Capital and Coatue co-led the round, which also included participation from other returning investors such as Altimeter…

Visa backed Anchorage gets a federal bank charter

A startup called Anchorage announced on Wednesday that it has become the first cryptocurrency company to receive a federal charter from the Office of the Comptroller of the Currency. Wonky and technical as it sounds, the news is a significant milestone for the burgeoning crypto industry, since it provides a legal green light for big…