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General Electric Co. is getting out of the business of making lightbulbs, selling a unit that defined the company for nearly a century and was its last direct link to consumers. GE said it would sell its lighting business to Savant Systems Inc., a seller of home-automation technology. Terms of the deal weren’t disclosed, but the transaction valued the unit at around $250 million, including assum...
When travelers return, hotels will be different places, replete with new technology used to provide a safer post-pandemic environment, hotel operators and other experts say. Some new hotel tech will be an acceleration of trends underway before the pandemic, such as contactless, touchless check-in.
The valuation of Monday.com, an Israeli startup that makes software to help employees work remotely, jumped to $2.7 billion, according to people familiar with the matter, managing a 42% increase since it last raised money ev...
A year after opening the Shed, Elizabeth Diller is trying to adjust to a world in which she and colleagues can no longer kick around ideas in person.
At Inside Access Control, we have been tracking the trends and narratives of the access control industry. A lot has changed over the past couple of months and we believe while some will stick, others will drop off.
On-demand storage company MakeSpace is poised to revolutionize the United States’ $39 billion self-storage industry and has attracted a big investor to help drive its mission.
Industrious, a workplace provider that counts WeWork among its rivals, is taking steps toward an initial public offering, which could come as soon as next spring.
A group of top Silicon Valley investors and veteran tech executives are putting more cash behind Fernish, a Los Angeles-based startup aiming to reinvent how people buy furniture for their homes. Khosla Ventures led a $15 million Series A round announced Tuesday, which included participation from Techstars Investments, Tapas Capital, RET Ventures, and individu...
Big tech has lead workplace and talent strategies for the last decade — Namely how to attract and retain the best talent (e.g. onsite cafes, casual dress, summer hours, paid sabbaticals, etc). Now Facebook, Microsoft and others are outlining new work from home policies given recent productivity gains reported during sheltering in place orders telling employees that they won’t be required to s...