Latest Technology News In South Africa
CoreWeave was founded in 2017 by Michael Intrator, Brian Venturo and Brannin McBee, initially using GPUs for cryptocurrency mining before recognising that the same hardware could be rented for other compute-intensive workloads. The founders began turning a mining operation into a specialised cloud capable of supplying GPU capacity to visual-effects, machine-learning and other customers.
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Jack Dorsey and Jim McKelvey founded Square in 2009 after McKelvey, a glass artist, encountered difficulty accepting a card payment from a customer. The first Square reader plugged into a smartphone and gave small merchants a simple way to accept card transactions without conventional point-of-sale infrastructure.
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Former venture capitalist Mark Leonard founded Constellation Software in Toronto in 1995 with a strategy focused on acquiring vertical-market software companies. Instead of chasing one massive horizontal software category, Constellation targeted specialised products deeply embedded in industries such as local government, healthcare, transport and education.
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Michael Saylor and Sanju Bansal founded MicroStrategy in 1989 as a business-intelligence software company focused on helping organisations analyse large datasets. The company built analytics and reporting software for enterprises and went public in 1998.
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Arthur del Prado founded Advanced Semiconductor Materials, now ASM International, in the Netherlands in 1968. The company developed equipment used to deposit thin films and process semiconductor wafers as integrated circuits became more complex.
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Lenovo traces its roots to 1984, when Liu Chuanzhi and ten colleagues founded Legend in Beijing with backing from the Chinese Academy of Sciences. The company initially distributed and developed computer technology for the Chinese market before building its own PCs under the Legend brand.
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Gary Burrell and Min Kao founded Garmin in 1989 in the Kansas City area after working in navigation technology. The company name combines parts of their first names. Garmin focused on Global Positioning System receivers when satellite navigation was still specialised equipment used mainly in aviation, marine and professional markets.
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NAURA Technology Group emerged from the consolidation and reorganisation of Chinese semiconductor-equipment businesses associated with Beijing Sevenstar Electronics and Beijing North Microelectronics. Its predecessor companies developed equipment and electronic components for semiconductor and related high-technology manufacturing in Beijing.
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John Walker and a group of programmers founded Autodesk in 1982 with the aim of building software products for the emerging personal-computer market. AutoCAD, released the same year, brought computer-aided drafting to comparatively affordable microcomputers rather than requiring expensive dedicated CAD workstations.
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Entrepreneur Wang Xing founded Meituan in 2010 during a wave of Chinese group-buying start-ups inspired by the success of daily-deal services. Meituan initially offered discounted local services but quickly moved towards a broader marketplace connecting consumers with restaurants, hotels, entertainment and other nearby businesses.
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