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Seattle VR startup Rec Room raises $145M, reaches $3.5B valuation

GeekWire

Rec Room , the Seattle-based development studio behind the fast-growing VR application Rec Room , has raised $145 million in new funding, bringing its current valuation to $3.5 Coatue Management led the latest round, with participation from existing investors Sequoia Capital, Index Ventures and Madrona Venture Group. (Rec Room Image).

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‘Forever chemicals’ are eternal no more thanks to a pollution destroying device from Tacoma startup

GeekWire

” Weapon of PFAS destruction Aquagga launched in 2019, won an EPA-sponsored PFAS destruction contest in 2020, and built its first prototype unit two years later. Seeing it onsite is pretty amazing, said Elise Thomas, environmental program manager at Fairbanks International Airport. “It’s been quite impressive.

Chemicals 145
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Schneider Electric leverages AI to help develop employees’ careers

CIO Business Intelligence

The global energy equipment and solutions provider’s Online Talent Management (OTM) platform, launched in early 2020, gives employees more agency around identifying mentorship opportunities, upskilling, and growing their networks within the organization.

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How commercial space stations could become the final frontier for data and cybersecurity

GeekWire

The application that typically comes up would be their use as space hotels, or maybe zero-gravity research labs and factories. “But in 2020, it was perfectly aligned, and we said, ‘OK, well, here are all these services, and let’s invest in the destination.’ And we think the natural application is in space.”

Data 143
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Tech Moves: Ex-Microsoft COO Kevin Turner leaves Core Scientific; Magic AI founder joins ThruWave

GeekWire

Founded in 2017, Core Scientific is building blockchain infrastructure technology related to hosting, transaction processing and application development. It manages a fleet of more than 130,000 cryptocurrency miners. Panopto last month landed an investment from K1 Investment Management and acquired Ensemble Video.

Microsoft 108
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3 key roles for driving digital success

CIO Business Intelligence

As such, organizations must evolve their digital strategies with market changes, such as the shift to remote work in 2020, the evolution to hyperautomation in 2022, and how generative AI will now require CIOs to overhaul their roadmaps.

Agile 98
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7 sins of digital transformation

CIO Business Intelligence

Business drivers for the first wave of digital transformation through 2020 targeted growth, data capabilities, cloud migration, and delivering competitive technology capabilities. These leaders often come from IT backgrounds, such as product management, program management, application development, data science, and IT operations.