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.
Each Friday, 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 weekly update for January 8th, 2021 below.
Uhnder raises $45 million in VC funding as high-resolution radar sensors emerge
"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
Danielle Bradnan, Analyst | @DBradnan
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."
U.S. companies banned from exporting tech to major drone company DJI
Sage Automation and BusTech partner to deliver IoT connectivity to Australia's new and existing bus fleets
"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
"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
"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."