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SiliconCanals

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Sweden’s Norrsken commits €300M to support European startups using AI for global good

Norrsken Foundation commits €300M to invest in European startups using AI for good.
Funding drawn from Norrsken VC, Accelerator, and Launcher for companies addressing global challenges with AI.
Focus areas include climate, health, food systems, education, and societal infrastructure.
In 2024, AI startups raised over $110B, a significant portion of global VC funding.
Norrsken believes AI can transform systems and create real impact by addressing critical issues.
Norrsken Partners emphasize using AI to solve urgent challenges, not just for productivity gains.
Criteria for investments align with UN Sustainable Development Goals (SDGs) to ensure impact and sustainability.
Norrsken Foundation, founded in 2016, aims to solve pressing global challenges and support startups.
Global impact ecosystem provides founders with knowledge, capital, and networks to address world issues.
Norrsken House in Sweden and Kigali support startups, with Norrsken VC investing in impactful startups.

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SiliconCanals

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Netherlands-based AIKON Health secures €1.2M to advance remote heart failure monitoring technology

Netherlands-based AIKON Health secures €1.2M in seed funding led by TTT Medtech fund for remote heart failure monitoring technology.
Funding round includes participation from BOM, BSF, RIL, and TNO Ventures.
AIKON Health's wearable for heart failure monitoring receives support for its clinical relevance from investors.
The company aims to shift heart failure care from hospital to home with its wearable device.
Heart failure affects over 15 million Europeans with monitoring challenges, leading to avoidable costs.
AIKON's technology allows continuous monitoring of patients' health indicators from home to enable remote clinical decision-making.
The wearable device uses TNO's expertise in printed and flexible electronics for remote patient monitoring.
AIKON Health focuses on achieving FDA approval for its technology to enter European and American healthcare markets.
Funds will support product development and clinical validation towards FDA approval.
The company targets reducing heart failure patients' hospital readmissions by 25% through its modular wearable solution.
AIKON Health is part of TNO Ventures' efforts to commercialize breakthrough technologies and strengthen the Dutch innovation ecosystem.

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Siliconangle

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Eventual launches with $30M in funding to streamline multimodal data processing

Multimodal data processing startup Eventual Inc. secured $30 million funding for its open-source processing engine, Daft.
The funding included $20 million in Series A led by Astasia Myers and $10 million in seed funding, significantly backed by Brittany Walker.
Eventual aims to be the foundational infrastructure for handling unstructured data, supporting various data types like images, videos, audio files, and more.
Daft is already in use by companies like Amazon Web Services, Essential AI Labs, and Together Computer for AI models, autonomous vehicles, and more.
Co-founders Sammy Sidhu and Jay Chia developed Daft during their time at Lyft to efficiently process messy multimodal data, such as 3D scans and text.
Eventual has opened access to its production-grade Daft platform for multimodal AI applications.
The platform allows for seamless processing of large volumes of unstructured data, enabling AI teams to deploy new features faster.
With the recent funding, Eventual plans to expand its engineering team and attract talent specializing in distributed systems and product engineering.
Eventual envisions Daft becoming as impactful for unstructured data as SQL is for tabular datasets, catering to the challenges faced by AI developers.
The company aims to simplify the processing of multimodal data, helping AI teams save time and focus more on innovation and feature development.

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Economic Times

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Defence tech startup Armory raises Rs 13 crore in round led by GrowX Ventures

Defence tech startup Armory, specializing in counter-drone technology, secures Rs 13 crore in a funding round led by GrowX Ventures.
Other participants in the round include Industrial 47, Antler, AC Ventures, Dexter Ventures, and angel investors.
The funding reflects the growing interest in indigenous defence manufacturing and AI-powered security systems in India.
Founded in 2024 by Amardeep Singh, Armory develops indigenous counter-unmanned aircraft systems (C-UAS) to combat rogue drones.
The company plans to utilize the funds for research and development, expanding manufacturing capacity, and faster deployment of its products.
Armory's flagship product, SURGE, has already been tested in field trials with multiple Indian Army regiments.
Armory employs a proprietary AI-led defence operating system, Samaritan OS, offering real-time adaptability and continuous learning.
Founder and CEO of Armory, Amardeep Singh, highlighted the need for advanced counter-drone systems due to evolving threats from unconventional frequencies.
Singh, previously part of the founding team at Ideaforge, emphasizes the importance of addressing India's evolving national security priorities.
GrowX Ventures' general partner, Manish Gupta, commended Armory's focus on building mission-critical, AI-led defence systems indigenous to India.

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Economic Times

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Stock-trading firm Sahi lands $10.5 million in a round led by Accel, Elevation Capital

Stock trading platform Sahi, co-founded by Dale Vaz and Manish Jain, secures $10.5 million in a funding round led by Accel and Elevation Capital.
The startup plans to enhance product innovation, especially in automation, in line with Sebi's move to allow algorithmic trading for retail investors.
Sahi aims to expand its team and services across India to cater to more active traders.
The company will introduce new automation tools like visual no-code strategy builders and multi-leg options execution capabilities.
Sahi will launch its trading website this week, in addition to its existing mobile and desktop platforms.
Sebi's new rules on algorithmic trading for retail participation will take effect from August 1, 2025.
The platform prioritizes assisting individual traders to make informed decisions through AI-driven insights.
Sahi has seen significant growth with over 200,000 app downloads and 50% month-on-month rise in active traders.
The company claims to offer brokerage rates about 50% lower than established players and charges Rs 10 per trade.
Accel's vice president Manasi Shah believes AI will disrupt trading globally, seeing Sahi as a leading AI-oriented platform.
Despite recent regulatory impacts on F&O trading, Sahi remains optimistic about India's wealth financialization.
Elevation Capital's Vaas Bhaskar praises Sahi for revolutionizing the broker experience with a comprehensive approach.
Sahi focuses on building a seamless end-to-end product for individual investors and traders.
The platform's roadmap includes further development of automation tools aligned with individual trader needs.
Sahi aims to capitalize on the maturing user and technology landscape to reimagine the trading experience.
The company's lean team structure and AI-powered infrastructure enable cost-effective trading services.
Sahi emphasizes deep customer obsession in crafting a unique broking experience for traders.
The platform's growth showcases a promising outlook for the financialization of Indian wealth in the coming years.
Sahi aims to democratize trading by offering advanced tools and lower brokerage rates for retail investors.

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Siliconangle

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Medical AI startup Abridge closes $300M investment at $5.3B valuation

Medical software developer Abridge Inc. raised $300 million in funding led by Andreessen Horowitz, valuing the startup at $5.3 billion.
The investment included Khosla Ventures and saw Abridge's valuation nearly double since its previous funding round.
Abridge's AI platform, the Contextual Reasoning Engine, automates tasks like recording patient conversations and generating medical notes.
The platform offers customization options based on user requirements and can enrich text with data from earlier medical notes.
Abridge automates tasks such as drafting medical orders, syncing documents to electronic health record systems, and generating ICD-10 codes.
The company also generates medical billing codes, condensing clinical information for ease of management in healthcare organizations.
Abridge tests platform updates rigorously with medical professionals to minimize AI errors and refine its output quality.
The funding will be used to develop more features for the platform, with a focus on easing the process of generating medical billing codes.
Abridge's CEO highlighted the importance of capturing signals in medical conversations, allowing clinicians to focus on crucial moments.
The company plans to leverage the investment to enhance its platform and further support healthcare professionals.
SiliconANGLE Media is a key player in digital media innovation and technology content creation for elite tech professionals.

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TechCrunch

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How Synthflow AI is cutting through the noise in a loud AI voice category

The conversational AI market is expanding rapidly and is predicted to reach nearly $50 billion globally by 2031.
Synthflow AI, a Berlin-based company, focuses on enterprise-grade, easy-to-set-up voice AI customer service agents.
Started in 2023, Synthflow AI has gained over 1,000 customers and handled more than 45 million calls.
The company's voice agents are HIPAA and GDPR compliant and can integrate with over 200 enterprise platforms like Salesforce, Twilio, and HubSpot.
The founders of Synthflow AI initially experimented with OpenAI's ChatGPT API in 2023, leading them to focus solely on voice bots.
Synthflow launched its first product in early 2024, following up with an enterprise-grade version later in the year.
The company experienced significant growth in 2023, currently processing 5 million calls monthly with high customer retention rates.
Synthflow recently secured a $20 million Series A funding round led by Accel to expand its team, research, and establish a U.S. office.
Accel partner Luca Bocchio highlighted Synthflow's commitment to technology depth and enterprise-friendly integrations.
Despite its success, Synthflow faces competition in the conversational AI market from companies like Sierra and Bland AI.
Synthflow aims to leverage its post-product-market-fit era to solidify its customer base, refine its product roadmap, and plan for future growth.

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Pymnts

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Orus Raises $29 Million to Expand Small Business Insurance Platform

Paris-based digital insurer Orus raised 25 million euros (about $29 million) in a Series B funding round to support its pan-European expansion.
Orus offers customized insurance solutions for small- to medium-sized businesses (SMBs) with plans to expand beyond France into Spain and other European markets by 2026.
CEO Côme Dartiguenave highlighted the need for more transparent, efficient insurance solutions for SMBs.
Orus is introducing a new broker platform to enhance its digital capabilities and provide brokers with tools for streamlined client management.
The funding round was led by Singular with Orus aiming to redefine commercial insurance with its digital platform.
Orus' Series B funding follows a previous Series A round in October 2023, enabling the expansion of its insurance product portfolio.
In a separate development, French embedded insurance startup Neat secured 50 million euros to offer white-label insurance services to retailers and companies.
Vitesse, a London-based company, completed a $93 million Series C funding round to enhance its treasury and payment solutions for the insurance sector.
The developments in the insurance space indicate a growing trend towards digital and embedded insurance services tailored for various industries.
Orus is strategically positioning itself to meet the evolving needs of SMBs through technology-driven insurance solutions.
The expansion plans of Orus and similar companies reflect the demand for efficient and transparent insurance offerings across Europe and beyond.
The increased funding received by Orus signifies investor confidence in its approach to disrupting the SMB insurance sector.
Innovation and digital transformation are key drivers in reshaping the commercial insurance landscape, as demonstrated by the recent funding announcements.
Fintech companies like Orus, Neat, and Vitesse are at the forefront of revolutionizing traditional insurance practices through advanced technology.
The focus on user experience and speed in obtaining insurance quotes highlights the importance of tailored, efficient services in the industry.

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Medium

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The making of colorpages.app

The article discusses the creation of colorpages.app, driven by the founder's observation of the popularity of coloring activities online.
Recognizing the significant search demand for coloring pages, the founder decided to cater to a diverse audience including parents, teachers, and Amazon sellers.
Emphasizing benefits over features, the website offers a user-friendly interface focused on user needs and motivations.
The strategic use of SEO and thematic organization through slug pages enables efficient content generation and optimization.
The author highlights the importance of leveraging automation and metadata to streamline processes and enhance SEO efforts.
The development process involved utilizing Typescript, NextJS, Supabase, and Stripe for different functionalities within the application.
The article underscores the value of adopting a tech-minimalistic approach for efficient product creation and scalability in a competitive environment.
The focus on pragmatic problem-solving and managing complexity reflects a deliberate and impactful build process for colorpages.app.
The founder encourages sharing insights with others in the tech community and welcomes feedback on the colorpages.app platform.

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Pymnts

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Abridge Raises $300 Million for AI Medical Note-Taking Tech

Abridge, a medical-focused AI startup, has raised $300 million, valuing the company at $5.3 billion.
The funding will aid in developing AI tools to automate doctors' note-taking, helping alleviate burnout among doctors.
The company's ambient listening technology transcribes doctor-patient conversations, gaining popularity in hospitals.
Abridge's technology is used in over 150 health systems and will support 50 million medical conversations this year.
The healthcare sector has rapidly adopted generative AI solutions, with Abridge seeing significant growth.
In related news, AI is revolutionizing clinical research through tools like digital twins in drug development.
Digital twins are streamlining trials and getting life-saving drugs to market faster.
The use of generative AI and computational medicine is reshaping the pharmaceutical industry.
Digital twin technology aims to provide better infrastructure and capabilities for doctors, leveling the healthcare playing field.
It's crucial to ensure that doctors can understand and trust the tools being developed in healthcare.
The funding will help Abridge hire experts to build advanced AI infrastructure for large customers.
AI and healthcare intersections are showing promise in various areas, with AI accelerating advancements in drug development.
Innovations in AI are transforming the healthcare industry, improving efficiency and patient care.
Abridge's success highlights the increasing demand for AI solutions in healthcare for optimizing processes.
The company's growth showcases the rapid integration of AI technologies to enhance healthcare operations.

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Siliconangle

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Qunnect gets $10M to help build the quantum internet

Qunnect Inc. has secured $10 million in funding to develop a quantum internet network backed by Cisco Systems Inc. and Airbus Ventures.
The startup aims to leverage quantum physics to enable quantum computers to scale and achieve 'quantum advantage.'
Qubits, the building blocks of quantum computers, are incredibly sensitive and difficult to scale, which Qunnect plans to address.
Qunnect's approach involves connecting smaller quantum machines into a distributed system rather than building larger quantum computers.
Their technology uses quantum networking hardware to entangle remote qubits, allowing for instant connections regardless of distance.
The Carina product suite by Qunnect supports quantum communications and enables synchronization of qubits for efficient computations.
Qunnect's quantum networking solutions have applications in areas like global trading, secure communications, and location verification.
Cisco's investment in Qunnect aligns with its quantum networking strategy to deploy real-world quantum networks on existing telecom infrastructure.
Qunnect has already delivered its Carina hardware to customers in various industries and demonstrated its technology in New York City and Berlin testbeds.
The collaboration between Qunnect and Cisco aims to build the infrastructure for a functioning quantum internet.

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Massivelyop

Adorable VR MMORPG Eldramoor launched a $25,000 Kickstarter that’s already funded

Eldramoor, a VR MMORPG, launched a Kickstarter campaign with a funding goal of $25,000, which has already been surpassed.
The game aims to combine the sense of community from classic MMOs with modern VR gameplay and features.
Players in Eldramoor can explore diverse environments, uncover the land's history, and combat various foes.
The Kickstarter campaign raised $44,000 within two hours, with over 220 backers and 29 days remaining.
Different pledge tiers offer rewards like game copies, beta access, skins, and even the opportunity to name the game's main island.
Accessibility options are emphasized in the Kickstarter, catering to players with motion sickness, colorblindness, and dyslexia.
The game is set to launch in December 2026 on PCVR and Meta Quest 3 platforms.
Eldramoor: Haven in the Mist promises a narrative-driven world, crafting opportunities, and social activities like tavern games and fishing.
Players can expect a world-saving adventure with hidden treasures and challenges.
The Kickstarter FAQ highlights inclusive features such as a 'limited movement class' for seated players.
The higher Kickstarter tiers offer cosmetic items and exclusive in-game content like player houses and island naming rights.

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TechCrunch

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At TechCrunch Disrupt 2025, Medha Agarwal, Jyoti Bansal, and Jennifer Neundorfer discuss what makes a pitch land

At TechCrunch Disrupt 2025, Medha Agarwal, Jyoti Bansal, and Jennifer Neundorfer discussed what makes a pitch land, revealing insider strategies for founders.
Medha Agarwal of Defy.vc emphasized the importance of supporting entrepreneurs from day zero through hyper-growth and the need for trusted partners in the startup journey.
Jyoti Bansal, CEO of Harness, believes in software's power to change the world positively and has a successful track record in the tech industry.
Jennifer Neundorfer, managing partner of January Ventures, invests in early-stage B2B startups transforming traditional industries through software innovation.
The TechCrunch Disrupt event aims to provide valuable insights, networking opportunities, and strategies for startups, tech enthusiasts, and VC leaders.

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Silicon

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Amazon To Invest £40 Billion In UK, Campaigners Warn Of Data Centre Consumption

Amazon plans to invest £40 billion ($54 billion) in the UK, creating thousands of new full-time jobs and new facilities.
The investment will include four new fulfilment centres, two London office buildings, and upgrades to existing operations buildings.
Amazon previously announced an £8 billion investment for Amazon Web Services (AWS) data centre construction.
Campaigners have raised concerns about the energy consumption of the new AWS data centres planned in Bedfordshire.
The investment is expected to create thousands of new permanent jobs outside of London and the South East, contributing significantly to the UK's GDP.
Amazon CEO, Andy Jassy, highlighted the company's growth and contributions to communities across the UK over the past 27 years.
The UK Prime Minister, Sir Keir Starmer, praised Amazon's investment as a vote of confidence in the UK's business environment and job creation.
The data centres planned for Bedfordshire are projected to consume a significant amount of electricity, raising environmental concerns.
The proposed data centres are estimated to consume electricity equivalent to that used by over 42,500 UK households annually.
The data centres will include 42 back-up diesel generators that require fortnightly testing.
AWS CEO called for an increase in the UK's nuclear energy supply for data centres earlier this year.

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TechCrunch

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Thanks to Fidelity and our amazing sponsors, TechCrunch All Stage is where startups rise

TechCrunch All Stage highlights partners' invaluable expertise in the startup ecosystem.
Sessions at TC All Stage provide insights on legal foundations, fundraising, and startup growth strategies.
Participants gain expert guidance on legal aspects, fundraising mistakes, overcoming burnout, and cap table management.
Discussions cover M&A readiness, essential for startups eyeing acquisition or exit strategies.
Upcoming sessions focus on navigating the changing VC landscape and preparing for future fundraising challenges.
The event features sponsors like Fidelity and other industry leaders supporting the startup community.
Attendees can save on passes to access valuable workshops, strategies, and network opportunities at TC All Stage in Boston.
Tickets for the event on July 15 are available now, offering a chance to learn from top experts and industry veterans.
The event provides a platform to connect, learn, and grow in the competitive startup environment.
Joining TC All Stage can equip founders with the knowledge and tools needed to succeed in the dynamic entrepreneurial landscape.

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