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Hardware companies dominate list of promising climate tech startups

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Hardware companies dominate a list of promising climate tech startups

What must occur for a startup to affect climate change?

The most promising candidates are inclined to be hardware startups which have spent years developing and proving their technologies, in keeping with a brand new report. Oh, and specializing in energy or raw materials helps.

This reportpublished by Congruent Ventures and Silicon Valley Bank, surveyed greater than 50 experts from academia, finance and the private sector to create the list, which was then narrowed right down to 50 North American companies divided into 4 categories: agriculture and food, energy, buildings and mobility, and manufacturing and materials.

The majority of the ultimate 50 are in manufacturing and materials (18), with energy startups not far behind (13). Agriculture and food were underrepresented, despite the undeniable fact that the sector accounts for a couple of third of carbon emissions, suggesting there’s still plenty of room on this space for brand new founders and investors. Almost all of the startups are focused on hardware, which contradicts the preference of most generalist VCs for software.

That promising climate tech startups are mostly hardware companies may not come as much of a surprise. Climate change is a real-world problem. Software can only change a lot about how people interact with the physical world; if hardware continues to depend on fossil fuels, software can only chip away at margins.

The average startup within the report is 7 years old and has raised $374 million. That last number is skewed by some particularly well-funded startups, comparable to Commonwealth Fusion Systems, Impossible food, Redwood Materials, They AND Terra Powereach of which has raised over $1 billion. The median company, nevertheless, is a bit different, having been founded six years ago and raised $114 million.

The split between the mean and median reflects the undeniable fact that most companies on the list fall on either side of the so-called Valley of Death of commercialization. Early-stage climate tech startups can reach proving that their technology works, but after they move on to commercialization, the fee of a first-of-a-kind facility is commonly much higher than many investors are willing to bear. In the Congruent/SVB report, 28% of companies raised lower than $50 million, while the identical share raised greater than $500 million. In other words, when companies make it across the valley, investors often reward them for it.

It’s also not surprising that the standard company on this list has been around for nearly a decade. Early-stage climate tech startups often must prove the science that supports them, a process that takes some time. Then, hardware can take years to construct and refine. The net result’s that climate tech startups can take longer to mature than traditional software startups.

For investors who don’t concentrate on climate, making long, expensive bets on dangerous hardware startups generally is a tough pill to swallow. But the potential payoff is important: McKinsey Partner recently noticed that the climate technology market is already price $1 trillion and is anticipated to double every decade. In the face of climate change, companies which can be most probably to scale back emissions can capture a major share of that market, and their investors can profit.

This article was originally published on : techcrunch.com
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US medical device giant Artivion says hackers stole files during a cybersecurity incident

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Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.

In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.

Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”

Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.

This article was originally published on : techcrunch.com
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It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500

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Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.

The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.

The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.

More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)

Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.

The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.

Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.

In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.

Image credits:Raspberry Pi

This article was originally published on : techcrunch.com
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Apple Vision Pro may add support for PlayStation VR controllers

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Vision Pro headset

According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.

The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.

However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.

Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.

This article was originally published on : techcrunch.com
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