The “smart home” industry is booming these days, attracting interest and investment from companies with their feet in every corner of the tech sector. Healthy as that accelerating competition is for innovation, however, it raises a corollary concern over the proliferation of proprietary systems that can’t communicate. Even as more and more groups are trumpeting
SRI International spin-off Grabit Inc., which has developed a patented electroadhesion technology for robotics, material handling, and industrial automation, has received Series A funding. The investment was led by venture capital firm Formation 8 with additional investments from ABB Technology Ventures and Nike Inc. The amount invested by each firm was not disclosed, but SEC
Zurich-based ABB, which develops power and automation solutions, presented an impressive display of flash-charging technology at a conference last week, demonstrating its ability to power an electric bus in 15 seconds. ABB reported at the 60th congress of the International Association of Public Transport in Geneva that it is working together with the city’s public
