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seattlesoftwaredevelopers · 1 year ago

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Seattle Software Developers: Powering Innovation in the Emerald City

Introduction

Seattle, known as the Emerald City, is not only famous for its stunning natural beauty but also for being a hub of technological innovation. At the forefront of this progress are the Seattle software developers. In this article, we will delve into the world of software development in Seattle, exploring the key players, the thriving tech ecosystem, and how these developers contribute to shaping the future.

The Growing Tech Scene in Seattle

A Brief History of Seattle's Tech Evolution (H2)a

Seattle's journey to becoming a tech powerhouse began in the 1970s with the establishment of companies like Seattle Software Developers Microsoft and Boeing. Over the years, it has evolved into a hotbed for tech startups and giants alike.

Major Tech Companies in Seattle (H2)

Seattle is home to some of the most influential tech companies globally, including Microsoft, Amazon, and Expedia. These companies have not only put the city on the world map but have also attracted top talent from across the globe.

Seattle Software Developers: The Driving Force (H1)

Skill and Expertise (H2)

Seattle software developers are known for their exceptional skills and expertise in various programming languages and frameworks. Their ability to adapt quickly to emerging technologies makes them stand out in the tech industry.

Collaborative Culture (H2)

One of the unique aspects of the Seattle tech community is its collaborative culture. Developers often come together to share knowledge and experiences, fostering a spirit of innovation and creativity.

Embracing Diversity (H2)

Diversity is celebrated in Seattle's tech industry. Software developers from different backgrounds and experiences bring unique perspectives, leading to a more inclusive and dynamic work environment.

The Thriving Startup Scene (H1)

Incubators and Accelerators (H2)

Seattle boasts a vibrant startup ecosystem with several incubators and accelerators that nurture budding entrepreneurs and their innovative ideas. These platforms provide crucial support to transform ideas into successful businesses.

Access to Funding (H2)

Access to capital is crucial for startups, and Seattle offers a robust network of venture capitalists and angel investors eager to support promising ventures.

Impact on Local Economy (H2)

The rapid growth of the tech industry has significantly contributed to Seattle's economy. It has created job opportunities, boosted real estate, and transformed the city into a global business hub.

The Role of Software Developers in Shaping the Future (H1)

AI and Machine Learning (H2)

Seattle software developers play a vital role in advancing artificial intelligence and machine learning technologies. Their innovations have far-reaching implications for industries like healthcare, transportation, and finance.

Internet of Things (IoT) (H2)

With the rise of IoT, Seattle developers are actively involved in building smart devices and interconnected systems that enhance efficiency and convenience in our daily lives.

Cloud Computing (H2)

Cloud computing is the backbone of modern software development, and Seattle developers are leading the charge in developing scalable and secure cloud-based solutions.

Conclusion

Seattle's software developers are the driving force behind the city's tech scene, pushing boundaries, and transforming industries with their innovative solutions. Their collaborative spirit, diverse backgrounds, and relentless pursuit of excellence continue to shape the future, making Seattle a global powerhouse of technology.

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jesse-pinkman123 · 4 years ago

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Smart Hospitals Market Size, Trends, Shares, Insights and Forecast - 2021-2028

Global Smart Hospitals Market, by Component (Hardware, Software System, and Services), by Technology (Cloud Computing, Artificial Intelligence, Wearable Technologies, Radio Frequency Identification, and Others), by Application (Remote Medicine Management, Medical Connected Imaging, Medical Assistance, Electronic Health Record, and Outpatient Vigilance), by Connectivity (Wired and Wireless), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 28,200.1 million in 2021 and is expected to exhibit a CAGR of 20.7% during the forecast period (2021-2028).

Key players in the market are focusing on launching new applications in order to establish smart hospitals through artificial intelligence, which is expected to drive the growth of global smart hospitals market during the forecast period. For instance, in May 2020, NVIDIA Corporation, an American multinational technology company, introduced Clara Guardian, an application developed to accelerate development and deployment of smart sensors with multimodal Artificial Intelligence (AI) anywhere in the hospital. NVIDIA Clara Guardian delivers AI-powered video and audio data, which enables the organizations to transform themselves into smart hospitals.

Market players entered into strategies such as collaboration and partnership in order to expand its product portfolio, which is expected to drive the growth of the market over the forecast period. For instance, in October 2020, Siemens Healthineers partnered with Imbio, a healthcare technology company, to expand access to Imbio AI algorithms worldwide. As a result of this partnership, physicians would now be able to apply Imbio's automated AI for quantitative image analysis directly through the Open Apps interface on Siemens syngo.via platform.

Global Smart Hospitals Market - Impact of Coronavirus (COVID – 19) Pandemic

The coronavirus (COVID-19) pandemic is expected to drive the growth of the global smart hospitals market over the forecast period.

COVID-19 outbreak was first reported on December 31, 2019 in Wuhan, China. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 146 million cases and 3.1 million deaths due to coronavirus (COVID-19) were reported up till April 25, 2021 across the globe.

* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.

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In order to deal with the COVID-19 pandemic, market players are launching various Medicare management services and patient engagement technologies to provide best healthcare services and limit the spread of coronavirus. For instance, in August 2020, Zyter, a leading digital health and IoT-enablement platform, announced the launch of Zyter COVID-19 Suite, a suite consisting of four integrated digital screening, thermal imaging, contact tracing, and monitoring tools to help organizations keep personnel safe from spreading the COVID-19 virus in their work environment. Furthermore, in December 2020, Zyter, a leading digital health and IoT-enablement platform, announced the launch of Zyter Virtual Rounding, a virtual cloud based telehealth solution, where the healthcare professional can conduct virtual hospital rounds and address various patients which are quarantined due to COVID-19 infections.

Moreover, the COVID-19 pandemic is driving the demand for telemedicine in healthcare facilities due to the need of maintaining social distancing to reduce the spread of COVID-19 infection globally. Therefore various healthcare facilities are adopting various smart technologies to interact with patients and avoid close contact with individuals to reduce the spread of COVID-19 infections. For instance, in 2020, UCHealth University of Colorado Hospital, U.S. has initiated the use of Pointr’s Deep Location technology, which allows the patients to book their appointments online and guide patients away from quarantine areas, allow them to tell doctors if they will be late and notify staff when they arrive using location-based notifications, powered by geofencing technology.

Market players and healthcare organizations are collaborating to build smart hospitals. For instance, in May 2020, Capsule Technologies, Inc. collaborated with Yale New Haven Health System (YNHHS), U.S., to deploy Capsule’s Ventilated Patient Surveillance (VPS) workstation to provide safe and effective patient care to its COVID-19 ventilated patients. Similarly, in April 2020, Aden Group, an integrated facility management (IFM) company announced that along with Dassault Systèmes, a company operating in collaborative 3D virtual environments, will develop and launch AKILA Care, a modular smart hospital.

Browse 39 Market Data Tables and 22 Figures spread through 260 Pages and in-depth TOC on Global Smart Hospitals Market by Component (Hardware, Software System, and Services), by Technology (Cloud Computing, Artificial Intelligence, Wearable Technologies, Radio Frequency Identification, and Others), by Application (Remote Medicine Management, Medical Connected Imaging, Medical Assistance, Electronic Health Record, and Outpatient Vigilance), by Connectivity (Wired and Wireless), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa).

The increasing adoption of technologies such as artificial intelligence in the detection of the chronic diseases such as cancers is expected to drive the global smart hospital market growth. According to the data findings published in the European Association of Urology congress in Copenhagen in March 2018, Chinese scientist and clinicians have developed a learning artificial intelligence system which can diagnose and identify cancerous prostate samples as accurately as any pathologist. Moreover, the software can accurately classify the level of malignancy of the cancer, thereby eliminating the variability which can slow down diagnosis in patients.

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Various healthcare facilities are focusing on converting into smart hospitals to provide high quality medical services which is expected to boost the market growth during the forecast period. For instance, in January 2020, West China Second University Hospital, affiliated to Sichuan University, China, launched 5G medical private network, purpose built-in hospitals enhanced with mobile edge computing (MEC) devices which provides full integration among cloud, networks, and services. The 5G medical private network provides low latency, high data rates, and massive connectivity for personalized network services in hospitals.

Key Takeaways of the Smart Hospitals Market:

The global smart hospitals market is expected to exhibit a CAGR of 20.7% over the forecast period (2021-2028), owing to growth in potential markets, especially in Europe. While, North America is accounted for the major market share.

Market players are indulged in launch of new software, which is expected to drive the growth of the global smart hospitals market over the forecast period. For instance, in January 2020, Medtronic Plc announced the launch of Efficio, a cloud-based data management software for use with the SynchroMed II intrathecal drug delivery system, which will allow clinicians to more efficiently manage their targeted drug delivery pump practices to treat patients with chronic pain, cancer pain, and severe spasticity. In March, 2020, Medtronic plc launched two new solutions including Respiratory Infectious Disease Health Check and the COVID-19 Virtual Care Evaluation and Monitoring solution. These are designed to help, assess, monitor, and triage support for patients who may be concerned about COVID-19 and their respiratory symptoms.

Some of the major players operating in the global Smart hospitals market include Medtronic Plc., Koninklijke Philips N.V., GE Healthcare, Stanley Healthcare, Siemens AG, Athenahealth, Allscripts Healthcare Solutions, Inc., Microsoft Corporation, SAP SE, Samsung Healthcare, and Honeywell International Inc.

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#Smart Hospitals Market Growth #Smart Hospitals Market

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shruticmi-universe · 4 years ago

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SMART HOSPITALS MARKET ANALYSIS

Smart Hospitals Market, by Component (Hardware, Systems and Software, and Services), by Technology (Cloud Computing, Artificial Intelligence, Wearable Technologies, Radio Frequencies Identification, and Others), by Application (Remote Medicine Management, Medical Connected Imaging, Medical Assistance, Electronic Health Record & Clinical Workflow, and Outpatient Vigilance), by Connectivity (Wired, and Wireless), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

The combination of technological advancements in medical devices (wired or wireless) for patient’s safety and efficacy within hospitals or connected through software to clinical information systems, becomes smart hospitals. Internet of Things (IoT) plays a significant role in building the smart hospitals through devices, system components and networks. Smart hospitals is transforming the healthcare industry as electronic devices are collecting information of patients’ vital signs and transferring it too physicians and patients itself to track the records. Major players are continuously building an innovative technologies for the betterment of the market.

The global smart hospitals market is estimated to be valued at US$ 29.6 billion in 2020 and is expected to exhibit a CAGR of 19.6% during the forecast period (2020-2027).

Figure 1. Global Smart Hospitals Market Share (%) in Terms of Value, By Region, 2020

Increasing product launches by market players is expected to propel the market growth during the forecast period

Market players are focusing on launching advanced software to facilitate outpatient vigilance which is expected to drive growth of the global smart hospitals market during the forecast period. For instance, in January 2019, Medtronic plc. launched MyCareLink Heart, a mobile app to support Medtronic’s BlueSync technology-enabled pacemakers. MyCareLink Heart is developed to wirelessly send and receive data from the Medtronic CareLink network and eliminate the need for a dedicated bedside monitor or other remote monitoring hardware.

Adoption of inorganic strategies is expected to drive the market growth during the forecast period

Collaborations and partnerships by key players are expected to boost the market growth during the forecast period. For instance, in January 2020, KT Corporation, a South Korea based telecommunications company, and Samsung Medical Center (SMC) have developed an innovative, 5G-powered medical service to establish 5G smart hospital. KT Corporation and Samsung Medical Center signed a memorandum of understanding in September 2019.

Figure 2. Global Smart Hospitals Market Share (%) in Terms of Value, By Component, 2020

Global Smart Hospitals Market – Impact of Coronavirus (COVID-19) Pandemic

The coronavirus disease (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19 as pandemic on March 11, 2020.

According to the Coronavirus Disease (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 30.6 million cases and 950,000 deaths due to coronavirus disease (COVID-19) were reported on September 20, 2020 across the globe.

In order to deal with the COVID-19 pandemic, market players are launching various Medicare management services and patient engagement technologies to provide best healthcare services and limit the spread of coronavirus. For instance, on April 2, 2020, MD Revolution, Inc. announced the launch of RevUp Now, a full care management platform developed to help medical practices maintain financial viability and connection with patients during this national shutdown. The RevUp Now platform includes chronic care management, remote patient monitoring, annual wellness visits, COVID-19 screening, and other features.

Global Smart Hospitals Market: Restraints

However, lack of awareness related to smart healthcare products is expected to hinder the growth of the global smart hospitals market during the forecast period.

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Key Players

Major players operating in the global smart hospitals market are Medtronic Plc, Koninklijke Philips N.V., GE Healthcare, Capsule Technologies, Inc., Stanley Healthcare, Siemens AG, athenahealth, Inc., Allscripts Healthcare Solutions, Inc., Cerner Corporation, McKesson Corporation, SAP SE, Samsung Group, and Honeywell International Inc.

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#smart hospitals market

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michaelfallcon · 5 years ago

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The Very Best Espresso Tech From HOST 2019

HOST, perhaps the world’s leading trade fair for catering and hospitality, has come to and gone again for another season. The festival—roughly the coffee industry’s equivalent to E3 Expo or ComplexCon—occurs every two years on the outskirts of Milan, drawing 200,000 attendees from 171 countries across a five day event. Coffee and tea exhibitors at Host occupy four of the 17,000-square-meter pavilions (nearly 1/3 of the whole show), and while the majority of them are large brands operating only in Europe, the speciality coffee niche is definitely growing.

International roasters, baristas, importers, and coffee lovers: they all want to be there. If you are a global coffee technology company with new products to launch, HOST is the place to be and be seen.

I reported on HOST 2019 for Sprudge live from showfloor, and I’m still buzzing from all the caffeine I consumed, the people I met, and all the cool new machines I saw. Here’s some of the best new gear from the show; expect to see this tech heading to market over the next year, and coming soon to a coffee expo near you, but for now the first look is always at HOST.

DALLA CORTE

Cole Torode of Rosso Coffee Roasters.

My journey at Host Milan 2019 started with Dalla Corte, one of Italy’s leading brands of espresso machines, whose factory is situated just outside Milan.

Over the last two years since I met them at Host 2017, Dalla Corte has invested heavily in research, innovation, and technology with a focus on the speciality coffee market. The result is ZERO, a coffee machine equipped with what the brand calls their best technology yet.

Dalla Corte Zero will exist in different versions: the Classic (a basic model without flow profiling), the Barista (manual flow control and digitally fixed flow), and the Plus (manual and digital flow profiling). The machine features thermic stability of the brewing units, an independent multi boiler system (now with 0.7l group), integrated weighing system, cool touch steam wand, and optional 58mm filter.

The design was curated by Italian studio EMO after more than 1,000 hours of research and development. The result is Dalla Corte’s most beautiful machine yet. Production of the Zero will start in September 2020.

Learn more via the official Dalla Corte Instagram.

LA MARZOCCO

La Marzocco, founded in Florence in 1927, is one of the world’s leaders in espresso machine innovation. There’s always a lot expectation about what they will present at Host. In 2017 it was all about one machine—the LEVA—but at this edition La Marzocco took it up a notch with multiple machine drops and a whole range of forthcoming products showcased in their Innovation Gallery.

First, LM is getting big into the grinder game. The SWIFT MINI (already in production) is a new grinder designed for home and compatible with all La Marzocco Home machines. It’s a simple-to-use, accurate and efficient on-demand grinder that measures, grinds, and tamps with the push of a single button, and it looks really attractive paired with the Linea Mini. On the other end of the scale is the SWAN: a prototype for a professional grinder with design inspired by Italian wedge sports cars of the 1970s. SWAN is designed and constructed at the LM Factory in Scarperia, just like the rest of the product line, and it has undeniable swagger. It’s not quite out yet but will hit markets at the end of 2020—look for more in-depth coverage on Sprudge later this year.

Honestly these two grinders would have made for a solid HOST line-up, but La Marzocco went above and beyond this season by presenting early version of two new espresso machines: the next generation “GB5”, updated similarly to the 2015 Linea PB update; and the newly rethought and updated STRADA, a model that helped push the boundaries of espresso technology when it was first released at the start of the decade.

The brand also debuted the AMS, which stands for “Automatic Milk Steamer” but is being affectionately referred to as “Wally” by LM staff. It sparked curiosity among baristas on the show floor—some folks really loved it, others wondered “what is the point of it?” To me, the AMS falls into the “something we don’t really need it but it’s cool” category for most professional baristas, though for high end restaurants or other settings looking to up their foam game, the application is obvious.

Last but not least, La Marzocco presented the one-group versions of the LEVA and the MODBAR, both already available to order, and debuted La Marzocco Home IoT, a new app for Linea Mini users that “enhances communication, coffee culture, guidance, and preventive maintenance” as per the company.

Truly it was an impressive display at HOST 2019 from La Marzocco. Expect more reporting across this range of projects in the coming months.

CARIMALI

Carimali sure know how to get everyone’s attention. The 100-year-old company from Bergamo drew big time buzz at this year’s HOST by presenting an innovative “boilerless” espresso machine—though they insist it’s not a machine yet, but rather a “technology”. What you see is a small module with a simple display showing: automated group flushing, temperature, and start and stop for brewing.

How does it work? The technology is based on the induction heating system, as per the manufacturer. The “black box” (or “Steve” as it’s called internally in the Carimali team) heats the water in a small pipe using an electro magnetic field. It heats only the right amount of water you need, and does so very quickly: within a matter of a seconds it’s already brewing at the temperature you set. It runs on a battery, so it’s portable and uses “90% less energy to produce an espresso than a traditional machine”, as per the Carimali team’s statements.

2018 World Barista Champion Agnieszka Rojewska.

“You don’t get to disrupt coffee very often” says the influential mechanical designer Gregory Scace, and Carimali are hoping to do just that. The next challenge is to integrate this technology with usability, for which Agnieszka Rojewska (2018 World Barista Champion) has officially joined the Carimali team, and Colin Harmon (founder of Dublin’s 3FE) is consulting to help develop a new barista interface.

It all sounds and looks great so far—this was one of the most talked about pieces of tech at the show—but some big questions still remain, including launch date and price. Carimali estimates a launch of one or more boilerless products sometime in the next 18 months; watch Sprudge for continuing coverage.

SANREMO

Sanremo earned a lot of interest at HOST 2017 with their REVO grinder launch, setting high expectations for this year’s edition. They didn’t disappoint with their striking display of customized Café Racer machines and with their latest creation: BRAVE. The new spearhead of their range, the Brave coffee machine combines the best technological developments of the Opera and Café Racer. In the core of Brave is an innovative thermo-hydraulic and electronic technology system to enable the best possible extraction in all conditions of use, as per the company. It can work on auto as well as manual setting, allowing baristas to control a wide range of possible extraction parameters.

There’s a brew selector with five extraction profiles (four in espresso, one in brewing filter coffee), a touch display can be used to set the extraction profiles, and the three single-group control displays to show real-time delivery. Finally, the Brave machine is integrated with Sanremo IoT system to control all the machine’s settings remotely. In the words of Danili Llopis, Sanremo’s R&D Manager, the Brave is a “fascinating and innovative machine,” but we’ll have to wait until after Spring 2020 to see it in action.

Expect to see it on the road at upcoming international coffee expos, and watch for more cool customization projects as well from San Remo.

MAHLKÖNIG

Believe the hype. Mahlkönig’s E65s GbW and E80 Supreme grinders were among the hottest product launches at Host Milan 2019, and for good reason. Baristas love these machines, stylish workhorses that can be found on many of the finest coffee bars in the world.

The E65S GBW (a 65mm diameter steel burrs grinder) features the same technology of the existing E65S, which the addition of GbW: Grind by Weight technology. Mahlkönig first debuted “Grind By Weight” technology for real-time scale controlled dosing in a commercial grinder at Host Milan 2015.

One of the coolest things about the E65s GbW the high-resolution full color display with a wide viewing range, and the patented “disc distance detector” (DDD) which enables accurate settings of the degree of fineness.

Alongisde the E65s GbW, Mahlkönig presented a new 80mm grinder: E80 Supreme. It’s suitable for busy coffee bars as it can cope with high volumes of coffee daily. The motor manages the active temperature of the machine to ensure high-speed performance. Both new Mahlkönig grinders are easier to use than previous models and have very cool LED illuminated spouts. Expect them to see them everywhere come next year.

SLAYER

Slayer is a newcomer in the world of professional espresso machine manufacturing, certainly compared to some of the oldest Italian companies with 90-100 years of history. Yet, in a very short time (the company was founded in Seattle in 2007) they’ve established themselves as a successful and much loved-brand. Their machines can be seen used in coffee bars all around the world, and their profile expanded further following Gruppo Cimbaili’s majority stake acquisition in 2017.

This was Slayer’s very first exhibition at HOST, and their stand was appropriately packed full of people every day thanks to a range of cool limited edition machines on display. There’s just something about Slayer’s design profile that takes beautifully to customization. That all-pink number!

The biggest news from Slayer is the Steam LPx machine: the same core technology of the Steam LP, with improvements for the workflow of baristas, and an upgraded the design. Featuring super polished chrome wings, wood-like brown Duratex actuators and handles and a choice of four color panel options.

Key attributes of the LPx are weight-based volumetric outputs, time-based, regulated pre-infusion, two programmable doses per grouphead, push button to activate full manual versus volumetric mode, an easy to use interface, and a digital control board with backflush, timers, and access to all parameters. The machine showed out great at HOST, marking an impressive debut at the show for the Seattle brand.

RANCILIO

Rancilio Group was back at HOST this year, although they didn’t have to travel far—their factory is in Parabiago, just outside of Milan. In 2017 the brand offered a range of new releases, including the Classe 20 coffee machine, V50 grinder Egro Next Touch Coffee machine (designed for drip coffee), and Silvia Pro home espresso machine.

For the speciality coffee sector, the most interesting product is the V50. It’s an on-demand grinder designed by Rancilio with a horizontal motor and 50 mm stainless steel vertical burrs. It’s suitable for small grinding cycles (0.5 kg coffee bean hopper capacity) as part of a set of grinders in specialty coffee shops or at home and in the office. Baristas can switch between two different operation modes: the automatic one to dispense the pre-set dose or the manual one to personalize delivery time by holding the dose-adjustment knob down. Micrometric grinding regulation and up to 64 grinding sizes to prepare any coffee, from espresso to French press coffee. With all its technology concentrated in just 150 mm of width and 495 mm of height, the V50 is designed to fit right beside the RS1.

ASTORIA

If you like Astoria Storm, then you will love the new STORM Profilo. The latest addition to the family combines all the features of Storm FRC, while also allowing greater space for manual control. A new analogue console, reminiscent of audio mixers used by DJs, allows the extraction curve to be adjusted, toggling between blooming, speed up, pressure, body dose percentage, and pressure end. Storm Profile is also equipped with the SB (Steam Boost) option, which increases steam production by activating the heating units even during high-volume espresso making (alternating power between service and coffee heating units).

The coffee machine makers from Susegana, Italy, have put a lot of effort on reducing the energy consumption by creating a range of low environmental impact coffee machines: the Green Line series. The Storm Profilo distributes power only where and when needed, with a software that automatically puts one or more groups into standby mode when the workload decreases.

Giulia Mule is a Sprudge.com contributor based in London. Read more Giulia Mule on Sprudge.

The post The Very Best Espresso Tech From HOST 2019 appeared first on Sprudge.

The Very Best Espresso Tech From HOST 2019 published first on https://medium.com/@LinLinCoffee

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shebreathesslowly · 5 years ago

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The Very Best Espresso Tech From HOST 2019

DALLA CORTE

Cole Torode of Rosso Coffee Roasters.

My journey at Host Milan 2019 started with Dalla Corte, one of Italy’s leading brands of espresso machines, whose factory is situated just outside Milan.

Learn more via the official Dalla Corte Instagram.

LA MARZOCCO

Truly it was an impressive display at HOST 2019 from La Marzocco. Expect more reporting across this range of projects in the coming months.

CARIMALI

2018 World Barista Champion Agnieszka Rojewska.

SANREMO

Expect to see it on the road at upcoming international coffee expos, and watch for more cool customization projects as well from San Remo.

MAHLKÖNIG

SLAYER

RANCILIO

ASTORIA

Giulia Mule is a Sprudge.com contributor based in London. Read more Giulia Mule on Sprudge.

The post The Very Best Espresso Tech From HOST 2019 appeared first on Sprudge.

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reneeacaseyfl · 5 years ago

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Home Insurance Startup Hippo Joins the ‘Unicorn’ Club: Term Sheet

We’ve got a new unicorn, and my colleague Robert Hackett has the exclusive.

Hippo, a tech startup focused on the insurance market, has raised $100 million in new venture capital at a $1 billion valuation, the threshold for so-called unicorn status.

Hippo’s latest cash injection was spearheaded by Bond Capital, an investment firm that well-known investor Mary Meeker recently spun out of Kleiner Perkins Caufield & Byers, a Silicon Valley venture capital stalwart. (Read my recent feature about Kleiner’s downfall.) This is Bond’s second-ever investment following a bet in May on Canva, an Australia-based provider of graphic design tools.

Hackett reports:

Noah Knauf, the Bond investor who led Hippo’s latest funding round and is joining the company’s board as part of the deal, says that financial services are in the middle of a “massive and tectonic disruption.” He describes home insurance as one of fintech’s “gnarliest” challenges due to the prevalence of regulations in the insurance market.

“We’re religious, and compliance is the religion,” Wand tells Fortune. After mentioning how Hippo puts the customer first, Wand revises his statement, saying, “Actually, the customer comes second, after compliance.”

Aside from the big kahunas, such as Allstate and Travelers, Hippo’s biggest rival is Lemonade, a Softbank-backed fintech startup that reached a $2 billion private valuation in April. Lemonade is better known for selling renters’ insurance, though it also offers homeowner’s insurance.

Hippo has raised a total of $209 million in funding to date. Existing investors such as Comcast Ventures, real estate giant Lennar, venture capital firm Iconiq Capital, and others also contributed to the latest round of funding.

There’s plenty of investor appetite in the insurance sector. According to CB Insights, global insurance tech investment reached $4.15 billion in 2018. Expect more big dollars on the horizon.

Read the full story here.

WeWork IPO UPDATE: WeWork plans to make its initial public debut in September, which is earlier than investors had expected. The company, which filed its IPO paperwork confidentially late last year, is expected to publicly disclose it in August, according to The Wall Street Journal.

WeWork is reportedly meeting with Wall Street banks this week about an asset-backed loan and is expected to raise $5 billion to $6 billion, or about $2 billion more than it had originally sought. The funds will lessen the amount WeWork needs to raise in the IPO, which could increase the probability of success for a company with ballooning losses, the story says. Read more.

PE FEEDBACK: Yesterday, I asked Term Sheet readers to weigh in on Leo Hindery Jr.’s Fortune op-ed in which he makes the case for the ‘Stop Wall Street Looting Act’ and explains why the private equity industry needs to be reined in. Here’s what you had to say in response:

Jeff: Mr. Hindrey’s op-ed is so loaded with factual errors and logical fallacies that it’s hard to know where to begin critiquing it. At the core, he rejects the American Way—the free enterprise system. If he has a better model for private equity, he should do the hard work of convincing LPs, of buying companies, and building a team that can repeat that over and over. He could use his success as a shining example and urge all to emulate. Instead, he wants to use government force to have central planners—without any capital of their own at risk—to force others to conform to Sen. Warren’s views of what is best. This type of busybody regulation has always reduced capital formation, which would in turn harm most the very people he claims to champion. This is pure demagoguery.

Colin: Modern PE firms are by no means the robber barons of yesteryear. The easiest way to succeed in private equity is for your companies to hit it out of the park and grow like a weed. With that said, PE’s presence in certain industries, as Leo notes, does create perverse incentives. The recent growth of PE into healthcare providers has provided little value creation beyond gamesmanship around M&A and multiple arbitrage, while likely driving up costs for patients. Is Elizabeth Warren’s bill the right solution? Probably not. Another economic downturn would certain throttle back many of the excesses of the industry in an equally meaningful way.

Michael: As a sector-focused VC, I can’t see doing it any other way. The value we give to our LPs (many of them strategic), and to our portfolio companies (many of whom we are engaged on a near-daily basis), is entirely connected to our depth of focus on the world of mobility– from OEMs like our investors Renault-Nissan, BMW, Hyundai, to the world of micromobility with companies like Bird and Lime and everything in between.

VENTURE DEALS

– Thumbtack, a San Francisco-based local services marketplace, raised $150 million in funding. Sequoia Capital led the round, and was joined by investors including Baillie Gifford.

– Qomplx, a Reston, Va.-based intelligent decision platform provider, raised $78.6 million in Series A funding. Cannae Holdings Inc and Motive Partners led the round.

– Atom Bank, a U.K.-based digital lender, raised 50 million pounds ($62.5 million) in funding. Investors include Woodford Patient Capital Trust, BBVA, Toscafund and Perscitus LLP.

– TurnKey Vacation Rentals Inc, an Austin, Texas-based vacation rental property management company for luxury and premium vacation rental homes, raised $48 million in funding. Altos Ventures led the round.

– Fetch Robotics, a San Jose, Calif.-based intralogistics automation company, raised $46 million in Series C funding. Fort Ross Ventures led the round, and was joined by investors including CEAS Investments, Redwood Technologies, TransLink Capital and Zebra Ventures, O’Reilly AlphaTech Ventures, Shasta Ventures, Softbank Capital and Sway Ventures.

– Tile, a San Mateo, Calif.-based developer of small square-shaped tags and other technology to help people keep track of physical belongings, raised $45 million in funding. Francisco Partners led the round, and was joined by investors including GGV Capital and Bessemer Venture Partners, Bryant Stibel and SVB Financial Group.

– Arrcus, a San Jose, California-based provider of software driven solutions, raised $30 million in Series B funding. Lightspeed Venture Partners led the round, and was joined by investors including General Catalyst and Clear Ventures.

– Balena, a Seattle-based developer of infrastructure for the management of fleets of connected IoT devices, raised $14.4 million in Series B funding. OpenView led the round, and was joined by investors including Threshold Ventures, Aspect Ventures, and GE Ventures.

– Gamaya, a Switzerland-based agricultural tech company, raised 12 million CHF (about $12.1 million) in Series B funding. Mahindra & Mahindra led the round.

– Cambridge Touch Technologies, a U.K.-based provider of piezoelectric UltraTouch multi-force-and-touch technology to the consumer electronics, automotive, industrial and military markets, raised $10 million in Series B funding. Kureha Corporation led the round, and was joined by investors including Parkwalk, Downing Ventures, CM Ventures, Amadeus Capital Partners, Puhua Capital, Futaba Corporation, and The University of Cambridge.

– Bravado, a San Francisco-based professional network for sales, raised $12 million in funding, including a $8.5 million Series A round led by Redpoint. Other investors include Freestyle Capital, Village Global, Precursor Ventures, Kindred Ventures and Kevin Mahaffey.

– Replicant, a San Francisco-based provider of artificial intelligence-enabled voice technologies, raised $7 million in seed funding. Investors include Atomic, Bloomberg Beta, Costanoa Ventures, and Norwest Venture Partners.

– Freedom Robotics, a San Francisco-based provider of cloud and on-device software for monitoring, control and management of robots and robotic fleets, raised $6.6 million in seed funding. Initialized Capital led the round, and was joined by investors including Toyota AI Ventures, Liquid 2 Ventures, Andrew Miklas from S28 Capital, James Lindenbaum, Green Cow Venture Capital, Justin Kan, Josh Buckley, Kevin Mahaffey, and Arianna Simpson.

– DemandJump, an Indianapolis-based marketing technology firm, has raised $5.5 million in funding. BIP Capital led the round.

– Tapcart, a Santa Monica, Calif.-based SaaS platform that allows Shopify brands to create mobile shopping apps, raised $4 million in seed funding. Greycroft led the round, and was joined by investors including Amplify.LA, Act One Ventures and Luma Launch.

– Pomona, an Indonesia-based omni-channel marketing and sales solutions provider, raised $3 million in Series A-2 funding. Vynn Capital led the round, and was joined by investors including Ventech China and Amand Ventures following on. Existing investors Stellar Kapital and Central Capital Ventura also participated.

– Opiniion, a Lindon, Utah-based customer review and online reputation management company, raised $1.5 million in seed II funding. RET Ventures led the round.

– Canvas GFX, a Plantation, Fla.-based provider of graphics, illustration and publishing software, raised $1 million in funding from Wisdom LLP.

– Agolo, a New York-based AI startup focused on natural language processing, raised funding of an undisclosed amount. Investors include M12, Google, and Tensility Venture Partners.

HEALTH AND LIFE SCIENCES DEALS

– Freenome, a San Francisco-based biotechnology company developing a multiomics platform for early cancer detection, raised $160 million in Series B funding. RA Capital Management and Polaris Partners co-led the round, and were joined by investors including Perceptive Advisors, T. Rowe Price Associates, Inc., Roche Venture Fund, Kaiser Permanente Ventures, and the American Cancer Society’s BrightEdge Ventures. Existing investors Andreessen Horowitz, GV, Data Collective Venture Capital, Section 32, and Verily Life Sciences also participated.

– X-Vax Technology Inc, a Jupiter, Fla.-based herpes vaccines developer, raised $56 million in funding. Investors include Johnson & Johnson Innovation – JJDC, Inc., Adjuvant Capital, Serum Institute of India, Alexandria Venture Investments and FF DSF VI.

– Benchling, a San Francisco-based life sciences R&D cloud platform, raised $34.5 million in Series C funding. Menlo Ventures led the round, and was joined by investors including Lead Edge Capital, Y Combinator Continuity, Benchmark and Thrive Capital.

PRIVATE EQUITY DEALS

– Abris Capital Partners agreed to acquire Global Technical Group, a Romania-based building management solution provider. Financial terms weren’t disclosed.

– Innova Capital agreed to acquire Optiplaza, a Romania-based provider of eyewear. Financial terms weren’t disclosed.

– Quad-C Management Inc made an investment in Boulder Scientific Company, a Colorado-based specialty chemical firm. Financial terms weren’t disclosed.

– Post Capital Partners recapitalized IntraLogic Solutions, Massapequa, N.Y.-based national security solutions provider. Financial terms weren’t disclosed.

– Aurora Capital Partners acquired Cold Chain Technologies, a Franklin, Mass.-based provider of single-use and reusable passive thermal packaging solutions. Financial terms weren’t disclosed.

OTHER DEALS

– Moody’s Corporation (NYSE:MCO) acquired a majority stake in Four Twenty Seven,, Berkeley, Calif.-based provider of data, intelligence, and analysis related to physical climate risks. Financial terms weren’t disclosed.

IPOs

– GFL Environmental Holdings, an Ontario, Canada-based waste management firm, filed for an $100 million IPO (like a placeholder figure). Previously, it was reported GFL was seeking a $1.5 billion IPO. The firm posted $1.9 billion in revenue in 2018 and loss of $483.3 million. BC Partners, Ontario Teachers, and GIC back the firm. It plans to list in the U.S. and on the TSX. Read more.

– SDIC Power Holdings, a Chinese state-backed energy firm, hired three bankers to list on the London exchange, Reuters reports citing sources. It plans to raise between $500 million to $1 billion. Read more.

– Verallia, a French bottle maker, is reportedly seeking a Paris listing instead of a sale, per Reuters. Apollo backs the firm. Read more.

– Health Catalyst, a digital records health firm, now plans to raise $172 million in an IPO of 7 million shares priced between $24 to $25, an upsized offering with increased pricing. The firm posted revenue of $112.6 million and loss of $62 million in 2018. Norwest (20.9% pre-offering), Sequoia (21.9%), and UPMC (6.3%) back the firm. It plans to list on the Nasdaq as “HCAT.” Read more.

– Sundial Growers, a Canadian cannabis producer, plans to raise an estimated $130 million in an IPO of 10 million shares priced between $12 to $14. The firm did not post revenue in 2018, and loss of $56.5 billion. It plans to list on the Nasdaq as “SNDL.” Read more.

– Borr Drilling, a Bermuda-based offshore drilling company, plans to raise $51 million in an initial public offering of 5 million shares priced at $10 based on its most recent pricing on the Oslo Børs, where it lists as “BDRILL”. Schlumberger Oilfield Holdings backs the firm. It plans to list on the NYSE as “BORR.” Read more.

EXITS

– Etsy acquired Reverb, a Chicago-based music gear site, for $275 million. Reverb had raised approximately $47 million in venture funding from investors including Summit Partners, FJ Labs, Max Levchin, Jose Marin, and Adam Bain.

– Audax Private Equity sold Preferred Compounding, a Copley, Ohio-based provider of proprietary and custom mixed rubber compounds, including strips, slabs, pellets and calendered sheet end forms. The buyer was HEXPOL. Financial terms weren’t disclosed.

– Equistone Partners Europe agreed to acquire Heras, a Netherlands-based provider of perimeter protection solutions, from CRH plc. Financial terms weren’t disclosed.

FIRMS + FUNDS

– Flare Capital Partners, a Boston-based venture capital firm, raised $255 million for its second fund.

PEOPLE

– Mark H. Goldstein joined Builders VC as a general partner.

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