Top tech startup news stories you need to know this Tuesday, December 26
Happy holidays folks! Here are top tech startup news stories you need to know this Tuesday, December 26.
Uber to sell its US auto-leasing business to startup Fair.com. Startup car marketplace Fair.com has reached a deal with Uber Technologies Inc. to buys its U.S. subprime auto-leasing business, people familiar with the deal said. This brings to an end the ride-hailing giant’s failed attempt to attract new drivers who lack regular access to vehicles.
Startup exec says Bitcoin could hit $60,000 in 2018 but another crash is coming. Cryptocurrency entrepreneur Julian Hosp said he sees a “very, very healthy” chance to buy while the price is lower. “I think we’re going to see bitcoin hitting the $60,000 dollar mark, but I also think we’re going to see bitcoin hitting the $5,000 dollar mark,” said Hosp, co-founder and president of TenX, a firm that wants to make it easier for people to spend virtual currencies.
Bay Area aerial imaging startup teams up to detect disease in crops before outbreaks. A California-based startup Ceres Imaging announced it is sending its aerial imaging technology to the Midwestern plains to help farmers detect pests and diseases in their corn and soybean fields before an outbreak. The startup which raised $5 million for its Series A fund back in May, will partner with an agricultural cooperative serving in five counties in central Illinois.
India-based startup Avanijal Agri Automation developed a new app-based irrigation method for smart farming. An India-based startup has developed an ingenious method of irrigation – one that can be programmed and controlled using just an app to help farmers sustain themselves against the pervasive shortage of water and use existing sources efficiently.
Applied Life Sciences & Systems (ALS-S) is developing a facial recognition, robotics to aid chick vaccination. ALS-S researchers are developing a vaccination system with the potential to improve bird health and productivity and reduce the need for antibiotics. The startup was also awarded $800,000 by the Foundation for Food & Agriculture Research (FFAR) to provide an efficient system for high-throughput vaccination that potentially can enhance bird health, increase productivity for poultry producers and reduce the need for antibiotics.
Israel-based Mellanox to launch startup accelerator. The investment unit of Israel-based Mellanox, which develops and markets communications equipment for high-speed data transmission, plans to invest in over 10 startups in its new seed program.