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Genrobotics has raised INR 2.5 crore in Pre Series A funding round from Unicorn India Ventures, Anand Mahindra and SEA

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Robotics startup Genrobotics on Wednesday said it has raised INR 2.5 crore in Pre Series A funding round led by the company’s existing investor Unicorn India Ventures.

Billionaire businessman Anand Mahindra and SEA are the new investors who participated in the round.

Death of three people in Calicut, Kerala due to asphyxiation inside a manhole led the foundation of Genrobotics in 2016, when the company’s founders Vimal Govind, Rashid K, Arun George and Nikhil NP were still in college. Over the next year, the quartet built Bandicoot, a robotic machine engineered to clean any type of sewer manholes, to eradicate

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The automotive market is grappling with increasingly complex software systems, and in turn greater risks of glitches that can cause costly and unsafe disruptions and damage an automaker’s credibility.

Just look at today’s new cars, trucks and SUVs compared to their counterparts a decade ago. New vehicles coming off assembly lines today contain tens of millions of lines of code, a statistic that continues to rise as automakers invest more in software.

This upward trend has created risks for automakers; it’s also opened up opportunity for burgeoning startups like Aurora Labs, which developed a platform that can spot problems with software in cars and fix it on the fly. The company is now preparing to ramp up operations, even beyond automotive, as software takes a central role in shared mobility, cities and homes.

Aurora Labs developed a platform designed to detect and predict problems and then fix any issues in

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  • Foxconn, Apple’s main iPhone assembler, has ramped up iPhone production at its factory in Zhengzhou, China ahead of the expected iPhone 12 launch next month.
  • The factory is working 24 hours per day, offering worker bonuses, and canceling holidays to focus on iPhone production, according to a report from the South China Morning Post.
  • Zhengzhou is often referred to “iPhone City” by locals because of the factory’s massive presence in the city.
  • Apple typically unveils its new iPhones in September, but the company is instead expected to reveal its latest lineup in October after facing delays because of the coronavirus pandemic. 
  • Visit Business Insider’s homepage for more stories.

Apple is reportedly ramping up production of the iPhone 12 ahead of its expected launch next month.

The factory in Zhengzhou, China, operated by Foxconn, Apple’s main iPhone assembler, is working 24 hours per day and implementing measures such as offering worker

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SHANGHAI (Reuters) – Huawei Technologies has built up stakes in Chinese semiconductor companies and other tech businesses as the world’s largest telecoms equipment maker bolsters its supply chain in the face of pressure from the United States.

FILE PHOTO: The logo of the Huawei Technologies Co. Ltd. is seen outside its headquarters in Shenzhen, Guangdong province, April 17, 2012. REUTERS/Tyrone Siu

Habo Investments, set up by Huawei in April 2019, has closed 17 deals for stakes in Chinese tech companies since August last year, public records show.

The investment arm was established in response to what Huawei’s rotating chairman, Guo Ping, last week described as “suppression” by the United States after escalating restrictions that have cut off Huawei’s supplies of many overseas chips and effectively barred it from building its own.

“Since Huawei is only one company, we use investment and technology to help our supply chain partners become mature,”

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