Tuesday, March 26, 2024

AI is a data problem. Now Cyera is raising up to $300M on a $1.5B valuation, to secure it

A cybersecurity startup called Cyera is betting that the next big challenge in enterprise data protection will be AI, and it’s raising a big round of funding as demand picks up for it. The company — which builds AI-enhanced tools to create accurate pictures of where and how data is being used in organizations’ networks […]

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How Ember is building an all-electric intercity bus network in the UK

A Scottish company building one of the U.K.’s first all-electric intercity bus networks has raised $14 million (£11 million) in a Series A round of funding as it looks to expand across the entire country. Building any bus network from scratch — electric or otherwise — isn’t something anyone can conjure up overnight with a […]

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AI and data infrastructure drives demand for open source startups

A new report highlights the demand for startups building open source tools and technologies for the snowballing AI revolution, with the adjacent data infrastructure vertical also heating up. Runa Capital, the venture capital (VC) firm that upped sticks from Silicon Valley and moved its HQ to Luxembourg in 2022, has published the Runa Open Source Startup […]

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Profluent, spurred by Salesforce research and backed by Jeff Dean, uses AI to discover medicines

Last year, Salesforce, the company best known for its cloud sales support software (and Slack), spearheaded a project called ProGen to design proteins using generative AI. A research moonshot, ProGen could — if brought to market — help uncover medical treatments more cost effectively than traditional methods, the researchers behind it claimed in a January […]


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Maju Kuruvilla is out as CEO of one-click checkout company Bolt

Maju Kuruvilla is no longer CEO of one-click checkout company Bolt. He is replaced by Justin Grooms, Bolt’s global head of sales, who is now interim CEO, according to Grooms’ LinkedIn profile. Kuruvilla didn’t have much to say about the change but did confirm it both on LinkedIn and X, by posting, simply “One-Click Checkedout […]


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Monday, March 25, 2024

Telegram’s peer-to-peer SMS login service is a privacy nightmare

Telegram has introduced a controversial new feature that grants users a free premium membership in exchange for allowing the instant messaging app to utilize their phone number as a relay for sending one-time SMS passwords to other users attempting to log into the platform, raising concerns about potential privacy risks and the exposure of personal […]

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Meet Uzbekistan’s first unicorn: e-commerce startup Uzum

Uzum, an e-commerce startup offering online shopping, fintech and food deliveries to millions of customers in Uzbekistan, has raised $114 million in funding, becoming the country’s first unicorn with a valuation of $1.16 billion. Uzbekistan is fertile ground for startups, given the fact that people aged below 30 constitute about 60% of its population of […]

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900.care sells waterless personal care products and lets you add tap water at home

Here’s the harsh truth behind personal care products: you’re mostly buying water and plastics. The main ingredient in a bottle of shampoo or shower gel is water, and by far. It is mixed with a bunch of active ingredients. And because it’s a “pre-mixed” product, companies spend a lot of money on plastic bottles to […]

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Profluent, spurred by Salesforce research and backed by Jeff Dean, uses AI to discover medicines

Last year, Salesforce, the company best known for its cloud sales support software (and Slack), spearheaded a project called ProGen to design proteins using generative AI. A research moonshot, ProGen could — if brought to market — help uncover medical treatments more cost effectively than traditional methods, the researchers behind it claimed in a January […]

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Bankrupt EV startup Arrival sold its assets to Canoo

Bankrupt commercial EV startup Arrival has sold some of its assets, including advanced manufacturing equipment to Canoo, another struggling startup trying to build and sell electric vehicles. The acquisition, which was touted as a cost-saving measure that will reduce capital expenditures by 20%, comes as Canoo struggles to move beyond prototypes towards commercial production. Canoo […]

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London regtech GSS raises $47M to help banks screen for global sanctions

Global Screening Services (GSS), a London-based regulatory compliance platform that helps financial institutions meet their global sanctions obligations, has raised $47 million in a round of funding. The raise comes amid a spike in economic sanctions, with the U.S. issuing trade-restrictions and asset-blocking against states including Russia, China, Iran, and more. Enforcement GSS co-founder and […]

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Can you hear me now? AI-coustics to fight noisy audio with generative AI

Noisy recordings of interviews and speeches are the bane of audio engineers’ existence. But one German startup hopes to fix that with a unique technical approach that uses generative AI to enhance the clarity of voices in video. Today, AI-coustics emerged from stealth with a €1.9 million in funding. According to co-founder and CEO Fabian Seipel, […]

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