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Detroit-based IIoT firm GuardHat secures $20m in financing to fuel growth

  GuardHat developed a smart hard hat that monitors worker safety at industrial settings   Detroit-based industrial internet of things startup GuardHat said that it has raised a $20 million Series A funding round. The investment was led by RTP Ventures, with participation from 3M Ventures, Caterpillar Ventures,...

Car maker Volvo takes stake in California autonomous driving start-up

Swedish car-maker Volvo has taken a stake in US start-up Luminar, based in California and Florida, to develop sensor technology for autonomous vehicles. Volvo Cars, a subsidiary of Chinese automotive company Geely, has been working with Luminar already on development and testing of LiDAR technology,...