ARM acquires Apical for $350m, Queen’s speech, a self-making bed & more in your Week in Tech
Welcome to your Week in Tech.
Rental platform Goodlord has raised £2m from Robin and Saul Klein’s LocalGlobe Capital and Global Founders Capital.
The software, the firm claims, is already being used by 200 letting agencies in the UK.
In other news, venture capital fund Frog Capital II has raised a further €9m to invest in European tech startups.
Aviva Ventures, the venture capital arm of Aviva has made a multimillion pound investment in Founders Factory to develop FinTech startups.
Google’s long-awaited contactless smartphone payment system Android Pay launched in the UK with support for MasterCard and Visa cards from at least eight banks.
The Queen’s speech was unveiled this week and she announced a digital economy bill, to ensure every household in the UK gets the legal right to a fast broadband connection, and the new Modern Transport Bill, which will encourage investment in driverless cars, electric cars, commercial space planes and drones across Great Britain.
ARM acquires Apical
Apical, an imaging specialist tech firm headquartered in London has been acquired by ARM for $350m.
Apical’s imaging products are used in more than 1.5 billion smartphones and approximately 300 million other consumer and industrial devices.
Cambridge-based ARM said the acquisition of Apical would accelerate its growth into new markets such as connected vehicles, robotics, security systems as well as industrial and retail applications.
Download of the Week
Our ‘Download of the Week’ is Zipjet, an on-demand laundry service.
Zipjet has just launched a same day delivery service for your dry cleaning emergencies.
And finally we know startup life can be tough and making your bed in the morning is a real chore.
Now a Spanish company has made a prototype smart bed that will make itself in under a minute!
Until next week…!