This month’s roundup of news from the technology sector includes the rise of another economy booking platform; tech to create a “space hotel”; and more.
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Trade disputes could hurt the IoT
Future investments in the Internet of Things could hinge on the ongoing trade negotiations between the U.S. and China, according to a report from The Wall Street Journal. The newspaper notes chief information officers want to make investments to help drive efficiency, but issues like tariffs can make it difficult for those investments to pencil.
While most are looking to scale back somewhat in the face of uncertainty, that attitude isn’t universal.
“Technology and data is critical to developing and maintaining a fit business that can navigate uncertainties, such as new tariffs, and act on opportunities as events arise,” Steven Miller, CIO of Steelcase Inc., told The Journal.
Budget distribution platform RedDoorz raising cash
In a rise that closely mirrors that of budget-focused Oyo Rooms, Singapore-based RedDoorz is raising new money to grow its low-end hotel booking platform in Southeast Asia, TechCrunch reports. The news outlet notes the company has announced a $70-million series C funding round less than five months after a $45-million series B.
The company has already raised $140 million and CEO Amit Saberwal told TechCrunch the company is seeing “tremendous interest from investors, so it is decided to do back-to-back rounds.”
The first commercial space station to have a hotel
The hotel industry is a street-corner business, unless your hotel is in space, of course. The Gateway Foundation has announced plans for the first commercial space station to be operational by 2025 and will include a 100-room property, according to Robb Report.
“Eventually, going to space will just be another option people will pick for their vacation, just like going on a cruise, or going to Disney World,” said Tim Alatorre, the senior design architect for the station.
Compiled by Sean McCracken.