News Update
YotaScale, a graduate of Alchemist’s enterprise accelerator, is announcing a $3.6 million venture round today from Engineering Capital, Pelion Ventures and angels Jocelyn Goldfein, Timothy Chou and Robert Dykes. The startup employs machine learning to help balance performance, availability and cost for enterprise cloud computing. Competitors CloudHealth Technologies and Cloudability have raised a combined $80 million in the hot space.
THE FIGHT OVER who owns the most promising technique for editing genes—cutting and pasting the stuff of life to cure disease and advance scientific knowledge—has been a rough one. A team on the West Coast, at UC Berkeley, filed patents on the method, Crispr-Cas9; a team on the East Coast, based at MIT and the Broad Institute, filed their own patents in 2014 after Berkeley’s, but got them granted first. The Berkeley group contended that this constituted “interference,” and that Berkeley deserved the patent.
There’s no doubt in anyone’s mind about Singapore being an excellent place to start a business. Stable politically as well as financially, rich in investment and support, and an easy place to set up an enterprise, it sounds like an entrepreneur’s paradise. But for some Singaporeans, it’s not the promised land of entrepreneurship. The original land of promise, the United States, still beckons with its siren’s call
Sous vide, the esoteric but scrumptious culinary technique favored by master chefs, gets a high-tech upgrade
Payments startup Pinn placed first in the retail category at Plug and Play demo day last week for a unique point-of-sale (POS) solution that enables bitcoin and fiat payments without the need for a smartphone or wallet.
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