Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday afternoon amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
After holding parliamentary elections over seven phases, India started counting the votes on Thursday — and Prime Minister Narendra Modi's Bharatiya Janata Party-led coalition...Electionsread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
China accounted for 40% to 60% of the global increase in trichlorofluoromethane, or CFC-11, emissions between 2014 and 2017, a study found.Scienceread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
With Amazon and Walmart facing regulatory hurdles in India, Reliance's Mukesh Ambani isTechnologyread more
Tech usage and addiction inspires a billion-dollar mindfulness industry. CNBC's Uptin Saiidi attempts three days without any digital gadgets.Technologyread more
Japan's Panasonic said on Thursday it has stopped shipments of certain components to Huawei Technologies to comply with U.S. restrictions on the Chinese company.Technologyread more
Now, it's the latest technology firm to get serious about health care.
On Friday, it formerly announced its new bioengineering practice and a new investor: Dylan Morris, who joined the fund from Eric Schmidt-backed Innovation Endeavors. Prior to that, Morris co-founded a medical device company called Integrated Plasmonics.
CRV isn't the first venture firm to explore this space. Andreessen Horowitz also has a bio fund, led by health-technologist Vijay Pande, and Founders Fund, GV, Khosla Ventures, Menlo Ventures, among others, are stepping up their investments in health-tech. Some firms have hired practicing doctors and other medical experts to help guide their investment decisions.
For CRV, it all started when general partner, George Zachary, had a cancer scare. Zachary, who shared his story with CNBC, ultimately made the decision to focus on companies at the intersection of technology and health, after learning that he had a rare, benign tumor. "My experience as a patient was insane," he said. "I couldn't believe how screwed up the health system was."
The fund will have locations in both Boston and Palo Alto.
Via a Medium blog post, describing the bioengineering focus:
Recent advancements in AI, machine learning and big data are opening up entirely new ways to improve and redesign biologics; from synthetics to human health, diagnostics and therapeutics to ecological applications. We're interested in efforts to cure diseases & the application of new technologies to prevent the onset of disease, so that people can live longer, healthier lives.