Microsoft on Thursday said that its Windows 10 operating system (OS) is now running on more than 800 million active devices worldwide, one step closer to its goal of 1 billion Windows 10 users.
“Thank you to all our customers and partners for helping us achieve 800 million Windows 10 devices and the highest customer satisfaction in the history of Windows,” Yusuf Mehdi, Corporate Vice President of Modern Life and Devices Group tweeted.
It took almost three years and eight months for Windows 10 to reach the goal of 800 million after it was released in July 2015, Xinhua news agency reported.
Microsoft had originally expected to attain the goal of having Windows 10 installed on 1 billion devices globally in three years after its release, but it missed the target last year.
In a bid to empower women entrepreneurs, Microsoft corporate venture fund M12 on Thursday partnered with Mayfield and Pivotal Ventures to announce $6 million competition for women-led enterprise startups in India, the US, Europe, Canada and Israel.
In its second year, the “Female Founders Competition” will help accelerate funding for women entrepreneurs developing software-as-a-service (SaaS) and deep tech solutions.
Four winning companies will receive a total of $6 million in venture funding, along with access to technology, resources, mentoring and other benefits, the company said in a statement.
“The tech industry can’t afford to keep leaving women’s good ideas on the table. We need to level the playing field for female entrepreneurs, and together with Mayfield and Pivotal Ventures, we aim to do just that with our second Female Founders Competition,” Peggy Johnson, Executive Vice President, Business Development, Microsoft.
Submissions for the competition are open from October 17 to December.
Companies will be eligible to apply if they have at least one female founder, have raised no more than $5 million in combined equity funding and/or debt loans upon date of application, and offer or intend to release a product, service or platform addressing a critical business problem for a global market.
A live finals pitch competition will take place March 18-19 2020, with the announcement of winners to follow shortly thereafter.
Two enterprise software startups will earn investment awards of $2 million each, and two deep tech startups innovating through substantial scientific and research advances will earn investment awards of $1 million each, said Microsoft.
Early this year, Microsoft announced that its corporate venture fund M12 will invest in Indian startups with a funding size of $2 million to $10 million.
M12 announced its first India investment in the healthcare SaaS (software-as-a-service) startup called “Innovaccer”.
As the corporate venture arm for Microsoft, M12 (formerly Microsoft Ventures) invests in enterprise software companies in the Series A through C funding stage.
In a recent study by MassChallenge and Boston Consulting Group (BCG), women-founded businesses delivered more than two times as much revenue per dollar invested than their male counterparts.
“We are thrilled to partner with M12 and Pivotal Ventures on this innovative Female Founders Competition, through which we will find and invest in women creating built-to-last enterprise companies,” said Navin Chaddha, Managing Director, Mayfield. (IANS)