Vector Watch, the London-based wearable technology company that has made noise with its range of elegant (and long battery life-sporting) smart watches, has secured $5 million in funding. The British-Romanian startup has raised the fresh capital from a group of unnamed high-net-worth individuals, alongside Catalyst Romania and GECAD Group. The latter investment company, which was […]
This happened last week but seems to have been largely overlooked by non-French media: Parrot, the publicly-listed, Paris, France-based maker of drones and other consumer electronics, has increased its capital by just south of €300 million. Bpifrance, the French government-backed investment group, is injecting €33 million (PDF) into the company in exchange for a 5% […]
Paris-based consumer electronics maker Netatmo, which sells connected thermostats, weather stations and home security cameras, has secured €30 million in funding. The bulk of the cash comes from Legrand, a French industrial group that is a global leader in products and systems for electrical installations and information networks, with previous investors such as Iris Capital […]
Chinese drone maker DJI has acquired a ‘strategic minority stake’ in Hasselblad, the Gothenburg, Sweden-based maker of professional cameras and equipment. The deal is billed as a corporate partnership, with DJI joining Hasselblad’s board of directors as part of the agreement, but the size of the stake in question remains undisclosed. Perry Oosting, Hasselblad’s CEO, […]
Dronomy, a Tel Aviv-based drone tech startup, today announced that it has received $1.5 million in funding in a round led by investment firm Battery Ventures. Also chipping in: lool ventures, Oryzn Capital and big-shot angel investors such as former Skype CEO Josh Silverman, former head of engineering for Skype, Toivo Annus, and former Index […]
Spanish mobile device maker Geeksphone has confirmed that it is ceasing the development of smartphones, with its co-founders splitting up (mostly on to other manufacturing adventures).
After being part of the founding team behind C3 technologies, the 3D mapping company sold to Apple, Ludvig Emgard has founded Spotscale, this time using drones to map buildings in 3D.