Digital health player InfoBionic says it has raised a total of $17 million in a financing round led by Safeguard Scientifics, which will acquire “20% primary ownership” of InfoBionic as a result of the transaction.
InfoBionic (Lowell, MA, USA) is focused on developing patient monitoring services for chronic disease management and says the financing marks a “significant milestone” in its development, expansion and commercialization.
Healthcare insurance provider Humana has launched a trial of remote-monitoring technology for diabetes patients in partnership with tech player Pharos Innovations.
The trial is to last for a six-month period and involve some 500 Humana Medicare members in Texas, Illinois, Michigan and Wisconsin.
In a statement, Humana (Louisville, KY, USA) said it aimed to improve self-care management and reduce hospital admissions and in-patient costs through use of remote-monitoring technology.
A recently formed company calling itself M2M Spectrum Networks has unveiled plans to build and operate what it says will be the first licensed dedicated M2M network across the US.
Founded last year by entrepreneurs Barclay Knapp and Carole Downs, M2M Spectrum Networks (Phoenix, AZ, USA) says the rollout of its network will occur in “multiple phases”, with trials scheduled to begin in the second quarter of the year.
However, Knapp and Downs expect the network to cover 75% of the US population by the end of 2015 and 95% by the end of 2016.
Kore Systems says it has begun providing an M2M service management platform to Singaporean telecom operator StarHub, which plans to launch a number of fleet and asset management services based on the tie-up.
The operator has been ramping up activities in the M2M area and sees the Kore platform as a vital component of its offerings to a number of vertical markets.
M2M hardware player u-blox says its new 4G LTE module has been certified for use on the network of US telecoms giant Verizon Wireless.
The Swiss company says certification opens the door to the development of M2M services and applications that will function on one of the country’s biggest 4G networks.
Customers will from now on be able to design the TOBY-L100 LTE module – as it is called – into devices operating on Verizon’s (New York City, NY, USA) LTE system.
App-based ride company Uber will start delivering on its promise of expanding its business into logistics on Tuesday when it launches a trial courier service, Uber Rush, in Manhattan.
"Better, faster, cheaper," is how Uber's (San Francisco, CA, USA) general manager in New York, Josh Mohrer, described the service in a tweet to Reuters. Customers will be able to watch the progress of their packages in its transportation application, much as they can track the progress of the cars they order up on the service.
The United States on Friday criticized proposals to build a European communication network to avoid emails and other data passing through the United States, warning that such rules could breach international trade laws.
In its annual review of telecommunications trade barriers, the office of the U.S. Trade Representative said impediments to cross-border data flows were a serious and growing concern.
Network gear maker Juniper Networks Inc, which is under pressure from investor Elliott Management Corp to slim down, said it plans to reduce its global workforce by 6 percent and focus on its high-growth businesses.
Juniper (Sunnyvale, CA, USA) said most of the cuts would impact middle management positions and that it expected to incur cash charges of about $35 million in the first quarter, related to severance and other expenses.
The company had 9,483 full-time employees as of December 31.
Nest Labs Inc, the maker of smart thermostats that Google Inc acquired for $3.2 billion, called a halt to all sales of its smoke alarms on Thursday after it discovered a possible defect that could cause users to turn it off unintentionally.
Nest co-founder and Chief Executive Tony Faddell said that, under a unique set of circumstances the alarm's "Nest Wave" feature, which allows a user to switch off the device with a wave of the hand, could be inadvertently activated.
Illinois energy utility Commonwealth Edison (ComEd) says its smart grid program has beaten the targets set for job creation in 2013, supporting a total of 2,871 full-time positions.
The positions included nearly 1,000 full-time jobs at the utility and its contractors as well as more than 1,800 roles it says were created “indirectly”.