Startups

Meron Gribetz and Ben Sand just rolled into Silicon Valley from New York, landing at Paul Graham's Y Combinator startup incubator with some angel money in their pockets and the bold conviction that they can deliver the next major technology transformation.

Their startup, Meta, is developing wearable computing eyewear, but unlike Google Glass enters 3D space and uses your hands to interact with the virtual world. The Meta system includes stereoscopic 3D glasses, supplied by Epson, and a 3D camera to track hand movements, similar to the portrayals of gestural control in movies like "Minority Report" and &… Read more

Allure Energy sued Nest Labs yesterday, claiming that the company's much-celebrated Nest Learning Thermostat infringed on its patent.

Filing the suit in the United States District Court for the Eastern District of Texas, the Austin, Texas-based Allure alleged that its patent for the invention of an "Auto-adaptable energy management apparatus" trumped Nest's right to develop, market, and sell a smart thermostat.

Allure said it first began designing its product, which is known as EverSense, in 2009, and filed it patent application in 2010. The company said in a release that it also got a patent for &… Read more

Andreessen Horowitz, one of the most prominent Silicon Valley investors, is leading an investment round in a company that's developing software for the commercial use of drones.

Called Airware, the Newport Beach, Calif., company provides several different platforms and tools for companies that want to invest in unmanned aerial systems (UAS), otherwise known as drones. Andreessen Horowitz led the funding round in the drone company, which raised $10.7 million. Google Ventures also participated in the round, according to All Things Digital, which was first to report on the news.

The key difference between Airware and the drones we … Read more

TransferWise, a London-based peer-to-peer currency exchange, announced Monday that it has closed a $6 million Series A funding round led by PayPal co-founder Peter Thiel's Valar Ventures.

The investment in the company, which seeks to use the Internet to make it easier to transfer funds among currencies, marks Valar Ventures' first foray into Europe. Thiel, who was Facebook's first outside investor, was joined in the round by SV Angel and previous investors IA Ventures, Index, Seedcamp, and early stage investment firm TAG.

Coupled with a previous seed round, the recent investment brings TransferWise's funds raised to $7.… Read more

Imagine carving your way down a particularly challenging slope, your skis kicking up clouds of snow, trees flying by, your death-defying stunts captured perfectly on camera. And you're all by yourself.

How would you pull off such a feat?

Short of those with a film crew on hand, or at least a buddy with a GoPro camera tracking your every move, it's hard to imagine it being possible at all, let alone while you're alone.

But you may not have to imagine it for long.

Next week, a startup called Universal Air will finish shipping out its … Read more

Nokia's VC arm, Nokia Growth Partners, is set to invest in an imaging start-up.

According to Bloomberg, Nokia Growth Partners plans to put funds into array camera company Pelican Imaging. Based in Mountain View, Calif., Pelican Imaging created its first array camera for smartphones in 2011. Rather than using a single lens, array cameras are made up of a series of lenses and build up a picture from the images taken by each. As well as being thinner than a traditional smartphone camera, arrays open up the possibility of post-capture focusing -- similar to what Lytro does with traditional … Read more

With all of the 10 hottest years on record having come since 1998, it's hard to deny that things are getting hotter. And as the temperature rises, so too does society's power usage.

With that in mind, Nest, the maker of the Learning Thermostat, has just issued its latest software update aimed at increasing people's comfort, while at the same time reducing their energy bills.

Last week, the company unveiled Nest Energy Services, a set of initiatives available to customers of certain utility companies that has a similar goal. But the new software update works for anyone … Read more

NEW YORK -- Looking at the diagram in front of me, which shows a pile of random things jumbled together, I can't help but think that I'm looking at the aftermath of something like a hurricane or a flood.

Actually, however, this is optimized organization of the highest order. It's a chart showing the dozens of item that will emerge in a little while from the 3D printer I'm standing next to.

Here at the Shapeways production facility in Queens, nine high-end 3D printers chug along continuously, churning out hundreds, or even thousands, of individual products … Read more

Leap Motion said today that it will delay shipping its Leap 3D motion controller to preorder customers until July 22. The startup had said previously that it planned on shipping next month. Retail partners will make the product available to other customers "shortly after" that date.

In a conference call, CEO Michael Buckwald said that although he felt that the company could have gotten Leaps into people's hands by the original schedule, that time frame wouldn't have allowed time for adequate testing. As such, Leap Motion plans a beta testing period starting in early June. The … Read more