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May 11, 2021, by Adrijana Buljan Canadian government has awarded funding to several projects that could help reduce greenhouse gas emissions from Newfoundland and Labrador’s offshore oil & gas operations, including a project using floating wind turbines to power oil & gas assets. The project, being developed by floating wind technology developer Saitec and offshore oil & gas engineering company Waterford Energy Services, is aiming to bring forward a ‘plug-and-play’ renewable power option for Mobile Offshore Drilling Units (MODUs) and other ...

Outsight Introduces the First LiDAR Pre-processing Software Engine The easiest way to use LiDAR LiDAR technology is a strong emerging trend in the Computer Vision landscape: over $3 billion have been invested in the Hardware aspect of LiDAR technology since 2019 and only the top five American LiDAR Hardware Manufacturers are expected to grow from less than $150 million sales in total in 2020 to over $4 billion in 2024. However, effectively using LiDAR data in real-time is a complex, expensive and long endeavor even for the best 3D expert engineers. Assessing and selecting the right hardware a...

Indian early-stage start-up investor Venture Catalysts Group (VCats) is planning to invest around Rs 1,000 crore in start-ups in 2021. In 2020, the fund invested around Rs 700 crore, up by 40 per cent compared to 2019, through a syndication in several idea-stage and early stage businesses across sectors. Some of the co-investors, who were part of the syndication include Sequoia Surge, Nexus Venture Partners, Facebook FB Start, Lightspeed Venture Partners among others. The Mumbai-based investment firm VCats runs an incubator and a SEBI registered accelerator fund 9Unicorns. It made the highe...

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