Logitech Delivers Strong Q2 Sales and Profit Growth

Dateline City:
NEWARK, Calif. & LAUSANNE, Switzerland

NEWARK, Calif. & LAUSANNE, Switzerland–(BUSINESS WIRE)–Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced
financial results for the second quarter of Fiscal Year 2018.

Language:
English

Contact:

Logitech International
Ben Lu
Vice President, Investor Relations – USA
510-713-5568
or
Krista Todd
Vice President, Communications – USA
510-713-5834
or
Ben Starkie
Corporate Communications – Europe
+41 (0) 79-292-3499

Ticker Slug:
Ticker:
LOGN

Exchange:
SWX

Ticker:
LOGI

Exchange:
NASDAQ

read more

Intel Capital Fuels Innovation with $60 million of New Investments in 15 Data-Focused Startups

NEWS HIGHLIGHTS

  • More than $60 million of new investments in 15 startups across a range of innovative technologies, including artificial intelligence, cybersecurity and autonomous machines.
  • New companies joining Intel Capital’s portfolio include startups from the United States, Canada, China, Israel and Japan.
  • New investments bring Intel Capital’s year-to-date activity to more than $566 million.
  • New milestone in diversity investing: More than 10 percent of Intel Capital’s portfolio companies now are led by women or underrepresented minorities.

SAN FRANCISCO, Oct. 19, 2017 – Intel Capital, Intel Corporation’s global investment organization, today announced new investments totaling more than $60 million in 15 technology startups. The company introduced the CEOs and founders of the startups at the Intel Capital CEO Showcase, which is being webcast in the Intel Newsroom. This latest group of new portfolio companies brings Intel Capital’s year-to-date investing to more than $566 million.

“The world is undergoing a data explosion,” said Wendell Brooks, Intel senior vice president and president of Intel Capital. “By 2020, every autonomous vehicle on the road will create 4 TB of data per day. A million self-driving cars will create the same amount of data every day as 3 billion people.

“As Intel transitions to a data company, Intel Capital is actively investing in startups across the technology spectrum that can help expand the data ecosystem and pathfind important new technologies,” Brooks said.

The companies joining Intel Capital’s portfolio are trailblazing technologies that leverage multiple facets of the data lifecycle – including analyzing, capturing, managing and securing data. These newly funded companies focus on artificial intelligence, 3D medical visualization, robots for retail, and cybersecurity inspired by the human immune system, among other technologies.

Brooks also announced that, two years after the launch of the Intel Capital Diversity Initiative, more than 10 percent of Intel Capital’s portfolio companies now are led by women or other groups underrepresented in the technology industry – including three of the companies introduced today.

More details on Intel Capital’s new investments in 15 pioneering data startups:

Analyzing Data

Amenity Analytics* (New York, U.S.) has built a text analytics platform that allows customers to identify actionable signals from unstructured data. Its open data source architecture and cloud-based computing provides unmatched speed, scope and scale. The Amenity Analytics process combines machine learning, sentiment analysis and predictive analytics to produce some of the highest levels of accuracy in the industry.

Bigstream* (Mountain View, California, U.S.) provides hyper-acceleration technology that delivers orders of magnitude performance gains for Apache Spark using hardware and software accelerators. Hyper-acceleration of big data and machine learning workloads is achieved using advanced compiler technology and transparent support for FPGAs. Unlike other approaches, Bigstream requires no application code changes or special APIs.

LeapMind* (Tokyo, Japan) makes learning with deep neural networks “small and compact” for easy use in any environment. With the aim to achieve the “Deep Learning of Things” (DoT), LeapMind is improving the accuracy of neural network models and is researching and developing innovative algorithms to reduce the computational complexity of deep learning and original chip architectures for use in small computing environments.

Synthego* (Redwood City, California, U.S.) is a leading provider of genome engineering solutions. The company’s product portfolio includes software and synthetic RNA kits designed for CRISPR genome editing and research. With next-generation informatics and machine learning, Synthego’s vision is to bring precision and automation to genome engineering, enabling rapid and cost-effective research with consistent results for every scientist.

Capturing Data

AdHawk Microsystems* (Kitchener, Ontario, Canada) is revolutionizing human-computer interaction through ultra-precise tracking solutions that are smaller, faster and more power-efficient. AdHawk’s camera-free eye tracking system enables truly mobile data capture and paves the way for a new generation of highly immersive AR/VR experiences.

Trace* (Los Angeles, U.S.) is a sports artificial intelligence company working in the domains of soccer, mountain sports and water sports. Trace users have skied more than 30 billion feet of vertical and surfed more than 10 million waves. Its products combine sensors, video and AI to make performance insights and video highlights available immediately. Recently expanding into team sports, Trace technology is used to provide automatic video highlights and player performance data to coaches, players and parents right after the game.

Bossa Nova Robotics* (San Francisco, U.S.) creates autonomous service robots for the global retail industry. The Bossa Nova technology and services empower retailers to make informed inventory decisions and take rapid action by automating the collection and analysis of on-shelf inventory data in large-scale stores. Retailers can therefore improve their productivity and create a better shopping experience.

EchoPixel* (Mountain View, California, U.S.) develops 3D medical visualization software. Its True 3D system allows medical professionals to interact with organs and tissues in a 3D space emanating from a display, which enables doctors to identify, evaluate and virtually dissect structures. True 3D is being used at UC San Francisco, Stanford, Cleveland Clinic, Lahey Clinic and Hershey Medical Center, among others. EchoPixel technology amplifies human expertise and improves both clinical efficacy and workflow.

Managing Data

Horizon Robotics* (Beijing, China) provides integrated and open embedded artificial intelligence solutions of high performance, low power and low cost. The company envisions that the world’s more than 1,000 categories of devices, such as autonomous vehicles and smart cameras, will be equipped with “brains,” becoming intelligent entities that have the ability for perception, understanding and decision-making for safety, convenience and fun.

Reniac* (Mountain View, California, U.S.) solves IO bottlenecks resulting in latency reduction and increased throughput for critical workloads in public cloud, hybrid and on-premise data centers without software changes to existing applications. The company’s Distributed Data Engine is architected to benefit databases, file systems, networking and storage solutions while freeing more CPU resources to creating business value.

TileDB Inc.* (Cambridge, Massachusetts, U.S.) develops and maintains the TileDB project created at the Intel Science and Technology Center for Big Data, which was a collaboration between Intel Labs and MIT. TileDB is a novel system for managing massive, multidimensional array data that frequently arise from scientific applications.

Securing Data

Alcide* (Tel Aviv, Israel) delivers a network security platform for any combination of container, VM and bare metal data centers operated by multiple orchestration systems. Alcide secures data centers against cyberattacks, including malicious internal activity and data exfiltration. Alcide, currently in stealth mode, empowers DevOps, security and engineering teams with simplified and autonomous control to manage and secure the evolving data center and hybrid cloud, at any scale.

Eclypsium* (Portland, Oregon, U.S.) provides technology that helps organizations defend their systems against firmware, hardware and supply chain attacks. The company offers organizations improved visibility for monitoring systems in their infrastructure for firmware threats and supply chain compromise, detection of firmware vulnerabilities, and improved firmware update management in endpoint systems and servers.

Intezer* (Tel Aviv, Israel) develops cybersecurity solutions that apply biological immune system concepts to the cyberspace, creating the world’s first “Code Genome Database,” by mapping billions of small fragments of malicious and trusted software. Through its DNA approach to code, Intezer provides enterprises with unparalleled threat detection and accelerated incident response.

Synack* (Redwood City, California, U.S.) provides customers a scalable, continuous, hacker-powered testing platform that uncovers security vulnerabilities that often remain undetected by traditional penetration testers and scanners. Its On-Demand Crowdsourced Security platform – which includes a network of trusted, ethical hackers worldwide – offers practical insights, analytics and actionable data that enables organizations to identify and fix security holes before criminal hackers exploit them.

For more information on today’s announcement or to view the webcast, including panel discussions with the 15 CEOs, visit our press kit on the Intel newsroom.

About Intel Capital

Intel Capital invests in innovative startups targeting 5G connectivity, the data center, artificial intelligence, merged reality, autonomous driving and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US$12.2 billion in 1,500 companies worldwide, and more than 640 portfolio companies have gone public or been acquired. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @intelcapital.

The post Intel Capital Fuels Innovation with $60 million of New Investments in 15 Data-Focused Startups appeared first on Intel Newsroom.

Intel Capital CEO Showcase

At the Intel Capital CEO Showcase, in San Francisco, the company introduced the CEOs and founders of new technology startups receiving Intel Capital funding. Intel Capital invests in innovative startups targeting 5G connectivity, the data center, artificial intelligence, merged reality, autonomous driving and a wide range of other disruptive technologies.

News Releases

More about Intel Capital

Third Party media releases

The post Intel Capital CEO Showcase appeared first on Intel Newsroom.

Intel Capital CEO Showcase (Live Video)

Join Intel Capital President Wendell Brooks for a live webcast from the Intel Capital CEO Showcase, starting at 11 a.m. PDT, Thursday, Oct. 19. Intel Capital will introduce new technology startups joining the portfolio and discuss how these companies, like Intel, are positioned to capitalize on the growth of data.

More information about the Intel Capital CEO Showcase will be available at 11:15 a.m. in the event’s press kit. A replay of this webcast will also be presented as soon as it is available.

The post Intel Capital CEO Showcase (Live Video) appeared first on Intel Newsroom.

Inaugural GTC Israel Focuses on Nation of Startups

Over 1,600 developers, entrepreneurs and technologists jammed into Tel Aviv’s glass-walled Convention Center on Wednesday, the latest swing in our six-city global GPU Technology Conference tour.

In a broad and technically deep keynote, NVIDIA founder and CEO Jensen Huang described the new computing era set loose by accelerated computing. He provided an often detailed, at times sly, tour of the three computing platforms NVIDIA’s created to propel enterprises in this brave new world: the Holodeck VR collaboration studio; AI computing for training and staggeringly fast inferencing; and the next generation of autonomous machines, such as self-driving cars and robotics.

Standing-room audiences attended many of the conference’s 50 plus speaking sessions, delivered by a mix of local startup CEOs, researchers and execs from U.S. tech giants. Nearly two dozen local startups had booths in the exhibition hall, where they described their disruptive activities using GPUs. And six hot AI startups went head to head, competing for an AI personal supercomputer.

Huang told a crowd of reporters that GTC Israel was an opportunity for NVIDIA to engage with some of Israel’s 120,000 developers in one of the world’s most flourishing technology centers.

Our Journey as a Global Company Has Just Begun

“We see ourselves in large part as a startup, and our journey to become a global company has only just begun,” Huang said in a voice hoarse from delivering his third GTC keynote in as many weeks, following events in Beijing and Munich.

Additional GTCs are set for Taipei, Washington and Tokyo, bringing total attendance at the conferences this year to 22,000.

“We’re here in Israel for the same reasons that a lot of international companies come to Israel — we’re looking for talent,” Huang said. “And this is a wonderful place to create innovation, for lots of reasons — education, the army, cultural and human diversity and more. All these create a very magical place here, and I’m excited about our future plans here.”

NVIDIA CEO Jensen Huang spoke to a crowd of thousands of entrepreneurs and technologists.

Israel, after all, a country the size of New Jersey and with fewer residents than New York City, has won a dozen Nobel prizes. It lags behind only the U.S. in the value of invested VC funds and the most number of startups in absolute terms. It also has by far the most startups relative to its size, with some 5,000 new companies in a country of 8.5 million people.

The broadly diverse crowd at GTC Israel ranged from snappily dressed VCs to soldiers in army green attached to IDF technical units, to jean-clad startup engineers from the constellation of towns north of Tel Aviv. Many said they could relate to NVIDIA’s own rise from a three-man startup 25 years ago to a $100 billion company, measured by market cap.

Huang told them that they stand at a unique juncture.

A New Era for Startups

“In each era, new startups were formed and grew to be giants. It’s now a new era, and it’s very clear this new era will be the largest of all,” he said in his keynote. “In previous waves, automation was the biggest force — farming was automated, the industrial revolution was automation, and now this is era of the automation of automation. The potential of AI is so incredibly exciting, it’s fueling innovation all over the world.”

Attendees at GTC Israel crowded into training sessions offered by NVIDIA’s Deep Learning Institute.

As at other NVIDIA events this year, GTC Israel featured hands-on courses in AI techniques from the company’s Deep Learning Institute the day before the show kicked off. The offerings were sold out, with more than 200 experienced developers augmenting their AI skills in a variety of areas.

NVIDIA announced at GTC Israel that its Inception program – a virtual incubator for AI and big-data startups – has now reached 2,000 companies worldwide, with the addition of Imagry, a Haifa-based startup using machine learning to embed image recognition capabilities on any device.

And while 70 Inception members are in Israel, six of the most exciting competed head-to-head to win an NVIDIA DGX Station AI personal supercomputer. The winner was Cognata, which uses simulations to train autonomous vehicles across wide-ranging, realistic environments without ever pulling out of the driveway. Its CEO, Danny Atsmon, said that this is his third startup that relies on NVIDIA GPUs to accelerate its workflow.

Coganta, which uses simulations to train autonomous vehicles across wide-ranging, realistic environments, won a DGX Station at GTC Israel’s Inception Awards.

Where You Come to See the Future

In his keynote, Huang emphasized the acceleration capabilities of GPUs, which can drive speedups of more than 100x, allowing work to be done dramatically faster, leading to more innovation at lower cost. That, effectively, means they can enable time travel.

“If GPUs really are time machines, then GTC is where you come to see the future,” he said.

The post Inaugural GTC Israel Focuses on Nation of Startups appeared first on The Official NVIDIA Blog.

NVIDIA’s Inception Program for AI Startups Adds 2,000th Member

Less than 18 months after its launch, NVIDIA’s Inception program — which helps accelerate startups pushing the frontiers of AI and data science — has signed up its 2,000th member company.

The milestone was reached with Imagry, a Haifa, Israel-based startup using machine learning to embed image recognition capabilities on any device.

NVIDIA made the announcement in Tel Aviv, at our inaugural GPU Technology Conference in Israel, part of a series of GTC events being held this year in Silicon Valley, Beijing, Munich and Taipei, among other locations.

It’s an appropriate location for the 2,000th Inception member company. Israel is said to have the highest density of startups of any nation — with an estimated 4,000-5,000 new companies in a nation of 8.5 million people.

Nearly 70 of them are in our Inception program, including Deep Instinct, which deploys AI for cybersecurity; Zebra Medical Vision, which uses AI to automate medical image diagnosis; and AIdoc, which uses AI to speed radiologists’ workflows.    

Imagry uses AI to help enable cars to drive autonomously. Its CEO, Adham Ghazali, said that being an Inception member will help accelerate the company’s ability to access NVIDIA’s deep learning hardware, software and partner ecosystem.

GTC Israel — which is being attended by more than 1,000 developers, company execs and entrepreneurs — features a keynote by NVIDIA CEO and founder Jensen Huang, and more than 40 talks on AI and other topics.

Its Inception Awards will shine a spotlight on the best young companies in AI. Six finalists from scores of competitors will face off and pitch their companies to a live audience of VCs and executives, as well as a panel of judges.

We’ll announce the winners — who get to take home an NVIDIA DGX Station personal AI supercomputer worth $69,000 — this evening.

Since the Inception program began in June 2016, companies have been signing up in droves. Among its benefits are:

  • NVIDIA deep learning technologies – Early access to the latest GPU hardware, as well as the NVIDIA Deep Learning SDK, the NVIDIA DIGITS deep learning GPU training system and the NVIDIA GPU Inference Engine.
  • Deep learning expertise – Access to NVIDIA’s deep learning experts and world-class engineering teams. These teams include computational mathematicians who specialize in designing algorithms for GPU-accelerated computing platforms.
  • A global network – Customers, partners and suppliers spanning the globe, as well as NVIDIA’s marketing reach.
  • Technical training – Online and in-person courses are available via the NVIDIA Deep Learning Institute.

Companies interested in joining can learn more and apply on the Inception program website.

 

The post NVIDIA’s Inception Program for AI Startups Adds 2,000th Member appeared first on The Official NVIDIA Blog.