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Lux Take on News: Weekly Round-Up December 23, 2020

Lux Research
December 24, 2020

Every day our researchers comb through the top innovation headlines and provide their expert analysis on important updates, trends, and developments across industries. Our analysts evaluate news based on potential importance ranking the developments from Truly Disruptive to Ignore.

On Fridays we highlight our Lux Take on the news for the week. Our analysts are sharing their thoughts on the latest emerging technology and innovation news. Check out our final Weekly Round-Up for 2020 below. 

Uhnder raises $45 million in VC funding as high-resolution radar sensors emerge

Lisheng GaoLisheng Gao, Analyst
Lux Take: Very Important


"Uhnder, a high-resolution radar sensor developer, has raised a $45 million Series C round, bringing its total funding raised to $145 million. Notable investors include SAIC, Lockheed Martin, Qualcomm Ventures, and Magna. Although lidar has been under the spotlight and attracting tremendous attention for years, the development of high-resolution radar sensors has never halted for autonomous vehicles. Notably, the increasingly adopted 77 GHz frequency bands significantly increase the environmental perception performance of radar sensors. Those interested should continually monitor and engage with startups that develop emerging radar technologies."

Bold Health's digital therapeutic to be compared to popular consumer wellness app, possible game changer for nonregulated wellness solutions

13261-thumb-squareDanielle Bradnan, Analyst @DBradnan Ico twitter
Lux Take: Very Important

"Bold Health's solution Zemedy uses cognitive behavioral therapy (CBT) to help patients manage their symptoms, in contrast to Headspace, which uses mindfulness. This study is important regardless of outcome. If Zemedy performs better than Headspace in the trial, it will validate the role of digital therapeutics for those looking to make a play in healthcare. However, if Headspace performs equal to or better than Zemedy as a consumer wellness product, it will clearly demonstrate the clinical value of a product that is not subject to regulatory approval. This will pave the way for clients to engage in healthcare with products that don't have to clear regulatory hurdles, and clients should be monitoring this study for either outcome."

Lux Research Digital Deep Tech Newsletter


U.S. companies banned from exporting tech to major drone company DJI

Lewie Roberts Lux Research

Lewie Roberts, Senior Research Associate | @roberts_lewie Ico twitter
Lux Take: Average Importance


"
Similar to Huawei, the U.S. Department of Commerce has banned U.S.-based companies from exporting technology to DJI, citing national security concerns. This announcement comes as part of a larger trend of anti-China drone policies, including the banning of purchasing DJI drones with federal funds. Companies should expect these bans to disrupt DJI's supply chains and for the company to look for new non-U.S. suppliers in areas like battery management, cloud services, and availability from app stores. It's not clear if these will be needs for long-term suppliers, as a new U.S. presidential administration may (or may not) reverse this decision in the next year, so clients should monitor the situation."

Sage Automation and BusTech partner to deliver IoT connectivity to Australia's new and existing bus fleets

MirajMiraj Manali, Research Associate
Lux Take: Average Importance


"As part of the digital transformation, Sage and BusTech will install data capture devices onto buses and vehicle infrastructure like bus stops. The data will be analyzed on a centralized server, which can be used for several use cases, including predictive maintenance (PdM) of vehicles, real-time traffic condition updates, and fleet optimization for bus operators and bus arrival time, seat availability, and security alerts for passengers. Instead of offering PdM as a stand-alone service, which is a tougher sell because assessing ROI takes a long time, Sage's strategy to bundle it with additional services makes its value proposition more intriguing. As the competition in PdM continues to increase, other vendors will likely follow suit."

Philips' plan to acquire BioTelemetry aims to enrich its incumbent platform

Lisheng GaoLisheng Gao, Analyst
Lux Take: Average Importance


"Philips recently announced that it plans to acquire BioTelemetry, a leading wearable remote cardiological biosensing solution developer. Philips is a leading healthcare company and already has proprietary wearable continuous biosensing platforms for vital signs monitoring. The acquisition would add new features to its incumbent remote patient care. Companies should be aware that it is a predictable course of action Philips has been engaging in – acquiring companies to enrich its incumbent product portfolio. Clients developing biosensing solutions should pay attention to innovative startups for innovative features that could potentially benefit incumbent solutions."

 

Synthetic image developer Parallel Domain raises $11 million in Series A funding

MirajMiraj Manali, Research Associate
Lux Take: Average Importance


"Autonomous vehicle developers expend substantial effort annually collecting driving data and then paying human data labelers to create an annotated training dataset. This is a time-consuming, unreliable, expensive, and difficult-to-scale operation. Synthetic data offers a more scalable, inexpensive, and safer alternative to the incumbent process. Reiterating our previous recommendation in the snapshot, clients should monitor Parallel Domain. Some of the company's advantages include its team of executives who bring domain expertise in computer graphics from Apple, Microsoft, Electronic Arts, and Pixar, backing from strategic investors including Toyota AI Ventures, and its early experience serving companies like Nio."

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