Pison Technology raises $7M in Series A funding

A tech startup that launched in 2016 is planning to double its headcount in New England after raising new investment funds.MIT spinoff Pison Technology, which has around 40 local employees, closed a $7 million round this month to bring its total funding to $11 million, according to CEO Dexter Ang.A MassChallenge Boston alum, Pison Technology is developing a wrist sensor that enables hands-free control of electronics. The device, which is the size of an Apple Watch, captures neuromuscular signals on the surface of the skin and combines them with machine learning algorithms to interpret how people intend to move their hands, and transmits those signals to a smartphone to control digital devices.Led by Lavrock Ventures, the Series A round saw participation from returning investor In-Q-Tel, a nonprofit investment arm of the CIA, and Bose Venture Capital.

Source: Pison Technology raises $7M in Series A funding, plans to hire in Massachusetts – Boston Business Journal

Apple Maintains Dominance in Global Smartwatch Market 

Impacted by the COVID-19 pandemic, global smartwatch shipments in the fourth quarter of 2020 saw a slight year-on-year decrease to book an almost flat 2020, according to the latest Global Smartphone Shipments Tracker from Counterpoint Research.In a year where annual growth inched forward at only 1.5%, Apple maintained its solid number one position and increased its market share by 6 percentage points (pp), helping shift the overall market closer to the premium segment.

Source: Apple Maintains Dominance in Global Smartwatch Market – EE Times Asia

Apple sees strong demand for iPhone 12 Pro

Demand for the iPhone 12 Pro has been so strong delivery lead time from manufacturers has had to be extended. And Apple is set to increase orders for VCSEL chips supporting the iPhone 12 Pro’s LiDAR scanner for immersive augmented reality (AR). The PC market has seen risk sales in the wake of the pandemic, but graphics card vendors may see shipments decline in fourth-quarter 2020, due partly to shortages of Nvidia’s GeForce RTX 30 series. And notebook components shortages continue to trouble Acer, whhich is able fufill only 30% of its orders.

Source: Highlights of the day: Apple sees strong demand for iPhone 12 Pro

iRobot gets temporary extension of Chinese tariff exemption 

Bedford-based iRobot Corp. breathed a sigh of relief this week with the news that China tariffs won’t raise the costs of the company’s signature cleaning robots. At least, not yet.

Source: iRobot gets temporary extension of Chinese tariff exemption – Boston Business Journal

iRobot still hurt by China tariffs

Bedford-based iRobot Corp. is bracing for the likely impact of China tariffs as soon as next month, as President Donald Trump’s trade war with China threatens to raise the costs of the company’s signature cleaning robots.

Source: Roomba-maker iRobot still hurt by China tariffs – Boston Business Journal