Friday 22 March 2019

Ergo: Promising chip firm Decawave raises €16m

Futurist, Nicholas J Webb at the Davy Annual Conference
Futurist, Nicholas J Webb at the Davy Annual Conference

Interesting to note that high-flying Silicon-Valley-focused Irish semiconductor company Decawave has raised yet more cash.

Documents lodged with the Companies Office show that the firm - led by tech entrepreneur Ciaran Connell - has raised €16m from a number of investors including Atlantic Bridge, the China Ireland Growth Technology Fund and venture capital fund ACT.

This time last year it closed a $30m funding round and announced 100 new jobs. Few who know the industry will be surprised that Decawave's growth continues. Developing semiconductor chips is not a cheap undertaking - just ask Intel.

But more than that, Decawave has threatened for some time now to deliver on its game-changing promise.

Ireland has many interesting startups, but few have developed a high-tech product quite as advanced or quite as likely to change the way all sorts of other products can operate.

In the most basic terms, the computer chip that Decawave has developed wants to do for the indoors what GPS did for the outdoors. It can very precisely measure distance indoors where GPS doesn't work. When the tiny inexpensive chip is installed into any device - phones, cars, key fobs, you name it - it helps to bring the so-called Internet of Things alive.

Its latest 4Z chips, launched last month, allow for ultra-secure mobile transactions, a market that can only grow in an increasingly cashless world. The latest investment would appear to be another step towards delivering on that promise.

‘Futurist’ predicts health care changes at Davy event

Moves by the Trump administration to lower prices for medicines and devices, together with the impact of disruptive technologies, could have a dramatic impact on the profitability and sustainability of Ireland’s globally renowned pharma and medical device companies, according to futurist, inventor and healthcare pioneer Nicholas J Webb. 

He was speaking at the Davy Annual Conference in the National Convention Centre last week, on a theme of ‘The Future of Healthcare and its Impact on Ireland’.  The event was attended by over 1600 Davy clients. He predicts that within a six-to-eight year time frame in-ear and other wearable technology will be able to generate continuous healthcare data via a personalised app-driven dashboard to inform and anticipate future healthcare needs.

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Fresh off its reinvention as a new trendy eatery, the rest of the building which housed Dublin’s famous Kylemore Cafe looks set to host a new boutique hotel. Investment group Heights Hospitality Operations, the folks behind the three-star Temple Bar Inn, have applied to bring 41 bedrooms to the O’Connell Street unit. No changes will be made to the cafe, SoMa. 

The ground floor will have a concierge while the bedrooms will be spread out across the other four floors. A dining and reception area will sit on the first floor.

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