Daily Archives: February 27, 2014

Hannah Kuchler

Nok Nok? Who’s there? Usually someone with a terribly easy to guess password, a cyber criminal’s dream. But perhaps not for long.

Lenovo, the Chinese PC and phone manufacturer, has invested in Nok Nok Labs, a cyber security start up which aims to transform the industry by replacing passwords with a new technology which works with everything from fingerprints to voice recognition.

Nok Nok Labs raised $16.5m from Lenovo as well as venture capitalists DCM and Onset Ventures on Thursday to create a platform which will support the latest authentication technology. Lenovo will join the board of Nok Nok – and the assumption is, use the new tech in its devices from laptops to smartphones. Read more

Tim Bradshaw

The co-founder of fitness tracking device maker Jawbone wants to take on Twitter with the long-awaited launch of a new “global opinion network”, State.

State, which emerges from private testing on Thursday, has been many years in the making. Alex Asseily, who is still Jawbone’s chairman, and his brother Mark have been developing State since 2011, soon after Alex returned to London following 17 years in San Francisco. They had originally hoped to launch it in 2012 but the delay partly reflects the daunting scale of Mr Asseily’s vision. Read more

Richard Waters

The Wall Street analysts waiting eagerly for details of Tesla Motors’ planned “Gigafactory” will have been disappointed by the cursory treatment the project got on Wednesday, as the company announced plans to raise $1.6bn.

After all, this is the massive battery-making plant that is meant to cement Tesla’s rise as the world’s first mass-market electric car maker. According to an expansive report by a Morgan Stanley analyst earlier in the week, it could also make it the dominant player in a $1,500bn market for selling energy storage devices to electric utilities. Read more