Roman Kikta to Speak at the East African Chamber of Commerce’s 2014 Annual Trade Conference on Oct. 3rd 2014. For more information: http://www.eachamber.com To register, please visit: http://www.eventbrite.com/e/east-africa-chamber-of-commerce-2014-trade-conference-tickets-8823157301 The East African Chamber of Commerce serves as the unified voice of the East Africa region’s business community. The EA Chamber is the chief advocate for governmental policies that favor […]
Geomagnetic location firm IndoorAtlas scores $10M investment from Baidu
The Chinese search giant Baidu has invested $10 million in IndoorAtlas, a Finland-based provider of geolocation technology. IndoorAtlas is an interesting outfit – it uses the Earth’s geomagnetic field to establish the user’s location, rather than just relying on wireless signals such as those from Wi-Fi routers, Bluetooth beacons or GPS satellites. This means it will work indoors […]
Entrepreneurs around the world took notice when recent investment rounds boosted valuations of several U.S. startups, including Snapchat Inc., now valued at around $10 billion. More than 50 startups in the U.S., Europe and China are valued at $1 billion or more as venture capitalists put large sums of capital into promising companies.
Baidu Invests in Finnish Software Developer IndoorAtlas
HELSINKI—IndoorAtlas says China’s leading search engine Baidu Inc. has invested $10 million in the Finnish software developer, whose indoor mapping platform can help retailers track their customers’ movements inside buildings. IndoorAtlas was founded in 2012 by a group of research scientists at the University of Oulu in Finland. The company, which has offices in Oulu and in Mountain […]