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Like peers such as Axel Springer, the German magazine-publishing giant Bauer Media has been branching out into the digital world as an investor, notably in Swedish health startup Lifesum earlier this year. Now it’s really diving in: On Monday, Bauer announced the creation of Bauer Venture Partners, with €100 million ($134 million) lined up for a decade’s worth of investments. Created alongside VC Thomas Preuss, late of Neuhaus Partners, the fund will invest in European tech startups at a range of stages. As I noted when Google came to town with a $100 million fund a few weeks back, the days of European startups complaining about a lack of local capital seem to be fast receding.

In Brief

German security researchers claim to have identified a serious vulnerability in the fundamental security of USB devices. The SR Labs team is preparing a presentation for Black Hat next week in which they will demonstrate the “BadUSB” reprogramming of the firmware in USB peripherals, such as thumb drives, keyboards and even mobile devices, to allow data theft and the hijacking and surveillance of computers to which those peripherals are attached. Karsten Nohl and Jakob Lell say there are no known defences against such malware, largely due to the way USB works, and possibly even no way to clean up after infection.

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In Brief

In emerging markets, smartphones are gaining ground based on crazily low pricing. Check out this Gadget piece about recent figures from South African retail giant Pep. In the second half of 2013, 1 percent of the pre-pay phones Pep sold were smartphones. That was up to 13 percent in the first half of this year, and soon it will be 30 percent. Much of this is down to the arrival of super-cheap, WhatsApp-centric Android phones priced as low as R399 ($38). Now consider that Microsoft just killed off Asha, the low-end Nokia line that’s been its big contender in markets such as this. Those cheap new Lumias had better be really cheap.

In Brief

When Yelp and the European Consumer Organisation joined the 4-year-old EU antitrust case against Google, it became pretty clear that competition commissioner Joaquin Almunia would not get his wish of settling the case before his departure later this year. And lo, it comes to pass: According to the Financial Times and Wall Street Journal, the European Commission is now planning to reopen its settlement arrangements with Google for an unprecedented fourth round of revisions. A Wednesday letter from original complainant Foundem expressed clear dissatisfaction with existing settlement proposals, and it seems the NSA mess is providing political pressure as well.

In Brief

Tado, the European Nest competitor, has taken $13.6 million in fresh investment from Target Partners, Shortcut Ventures – both of which have already invested — and others. According to CEO Christian Deilmann, the home climate control firm will use the money to expand to all major European countries and beyond. Currently, the Tado smart thermostat is available in Germany, Austria, Switzerland and the U.K., while the more recently launched Tado Cooling box, which connects legacy air-conditioning units to the firm’s app, is already a worldwide proposition.

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