startups News

UK Self-Driving Car Dreams Could Break Down at the Starting Line

LONDON – Britain could lose out on investments in autonomous vehicles and see startups shift testing elsewhere if promised laws to regulate the technology are not passed before the next general election, startups and insurance companies said. Despite the government’s …

Silicon Valley Bank’s Demise Disrupts the Disruptors in Tech

Silicon Valley Bank’s collapse rattled the technology industry that had been the bank’s backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club …

Apax-Backed Insurance Software Firm Duck Creek Raises IPO Price Range

Duck Creek Technologies Inc, a software company that serves the property and casualty (P&C) insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects to raise about $375 million. Boston-based Duck Creek, which is …

Companies Bet On AI Cameras to Track Social Distancing, Limit Liability

Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social distancing and mask-wearing. Several companies told Reuters the software will be crucial …

How’s Your Driving? If You Use an App Insurers Could Be Watching

Apps that let you book a ride to work or borrow a car for your next vacation are feeding into a revolution in auto insurance — while also raising some privacy red flags. Data on everything from how frequently a …