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Eu-Startups

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Montenegro startup Buddy.ai closes €10.2 million for its AI tutor for children under 12

  • Montenegro-based AI tutor startup Buddy.ai has closed a €10.2 million seed funding round.
  • The funding round was led by BITKRAFT Ventures and Educapital.
  • Buddy.ai's app uses a multimodal AI tutoring approach to teach children under 12 how to speak English.
  • The funding will be used to further develop the AI technology, enhance the gaming elements, and expand partnerships.

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Medium

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From Sustainable Living To A Fashion Startup

  • The author started working in a company that ran solar-powered microgrids, but felt limited by its slow growth.
  • They then moved to a company offering energy efficiency solutions to American homes, but were hindered by the reliance on utility companies.
  • Seeking a new avenue for sustainability, they turned to the fashion industry, which is a major greenhouse-gas emitter globally.
  • Now building their own brand called Biophi, the goal is to prioritize natural materials, avoid exploitation, and contribute to climate change initiatives.

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Eu-Startups

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Stockholm-based Flower raises €45 million to revolutionise European energy flexibility

  • Swedish energy tech firm Flower has raised €45 million in its Series A funding round.
  • The funding round was led by Northzone and included investment from Giant Ventures, Sony Innovation Fund, and angel investors.
  • Flower aims to redefine the post-transition energy system by enabling flexibility and stability in global energy grids.
  • The company plans to expand across Europe and further develop its Battery Energy Storage Systems.

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Medium

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Beyond the Googleplex: Building Your Brand on Emerging Platforms

  • Focusing solely on traditional SEO techniques can limit your brand’s potential reach.
  • Building your brand on Quora through active participation in discussions and providing informative answers.
  • Leveraging TikTok to reach a younger, diverse audience by creating engaging content.
  • Harnessing the power of Reddit by participating in relevant subreddits and connecting with a passionate community.

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AllTopStartups

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How to Select Office Furniture That Aligns with Your Brand Identity

  • Choosing the right office furniture is crucial for reflecting your brand identity.
  • Clearly understand your brand identity to guide furniture selection.
  • Establish a budget and prioritize functionality when shopping for office furniture.
  • Consult with experts to ensure the perfect furniture choices for your brand.

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UX Design

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How much do you really need to mention AI?

  • Otter.ai is an AI product that offers recording, transcribing, and storing features.
  • Initially, the accuracy of the transcriptions was poor, especially with accents.
  • However, after giving it another try, the user found it useful for daily use.
  • Although the transcriptions are not perfect, the user still utilizes Otter.ai for other purposes.

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Medium

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Three ways to raise capital for a Start-Up

  • Here are a few ways to obtain money for your startup business:
  • 1. Search for Government grants and subsidies.
  • 2. Bank loans and lines of credit.
  • 3. Crowdfunding.

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Medium

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The Power of Serving “One Customer” Well: How Early Customer Retention Fuels Startup Growth

  • Retention of early customers provides valuable feedback and insights for startup growth.
  • Retaining even one customer early on signals product-market fit and builds trust and reliability.
  • Listening to customer needs and challenges allows for building with the customer, not just for them.
  • Balancing customer feedback with the product's core vision and scalability is important for sustainable growth.

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AllTopStartups

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How an SEO Agency Can Drive Engagement, Sales, and Rankings for Your Business

  • An SEO agency can improve a business's visibility online and boost engagement, sales and keyword rankings.
  • SEO agencies align content with what users want and optimize website usability to keep users engaged and browsing for longer.
  • Effective CTAs and targeting of buyer-intent keywords can help improve engagement and drive conversions.
  • Local search optimization can also help businesses to attract more local customers.
  • SEO agencies are specialists in keyword research and use data-driven strategies to maintain and improve rankings in constantly-changing digital landscapes.
  • SEO's effects last long after the initial efforts and offer a strong ROI compared to other marketing methods.
  • SEO agencies provide valuable data through tools like Google Analytics and SEMrush, which can inform business strategies and customer experience.
  • By analyzing competitor keywords, backlinks, and content, SEO agencies can identify gaps in a business's own content and adjust strategies proactively.
  • SEO agencies can provide a strategic advantage that helps businesses stay competitive and relevant in an ever-changing digital landscape.
  • Investing in SEO can transform business outcomes, driving growth, and ultimately, success.

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Medium

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Introducing ANDOPEN: Redefining Biometric Access for the Modern Age — With Privacy in Mind

  • ANDOPEN has created a biometric verification solution called SNAPPASS that uses facial recognition and user-controlled data storage to protect privacy.
  • The technology uses military-grade encryption to ensure data is accurately stored and not transmitted unnecessarily.
  • Its creators hope to end identity fraud by 2030 and have included safeguards against future threats, including deepfakes and digital manipulation.
  • SNAPPASS is proving to be a versatile system that can be used in a variety of locations, including hospitals, airports, building access points and border control.
  • Its integration into passports and national ID cards has led to significant reductions in identity fraud and illegal immigration.
  • ANDOPEN aspires to create a globally recognised standard for identity verification by setting benchmarks for user control, security and privacy.
  • SNAPPASS uses AI-powered detection algorithms, a triple-camera HDR array and deepfake detection AI to ensure system reliability.
  • SNAPPASS works via a SNAPPIN authentication card and a SNAPCHECK authentication kiosk designed to protect encrypted and mounted biometric data with military-grade encryption.
  • User data is your own property and SNAPPASS will leverage its fraud detection measures to inform your mobile device of any abnormal activity.
  • ANDOPEN’s facial recognition-based technology requires no user learning curve, providing users with a familiar, intuitive experience.

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TechRound

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Halloween 2024: Spooky Startups and Apps For Fright Night

  • Halloween spending in the UK is projected to reach over £775 million in 2024.
  • Some popular areas of spending during Halloween include costumes, pumpkins, and sweets/chocolates.
  • Spooky apps and startups for Halloween include Spirit Board, Eternime, Spectre, Hereafter, LifeGem, Scary horror sounds, and Horror Mask Photo Editor.
  • These apps and startups offer features such as communicating with spirits, creating AI digital replicas, ghost detection, digital autobiographies, creating diamonds from ashes/hair, spooky sound libraries, and horror-themed photo editing.

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Eu-Startups

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EU-Startups Podcast | Episode 93: Gerard Grech, Managing Director of Founders

  • Gerard Grech, Managing Director of Founders at the University of Cambridge, discusses accelerating deep technology-based companies.
  • Tech Nation, under Gerard's leadership, supported over 1,300 UK companies, including Monzo and Skyscanner, driving a 5x increase in UK tech unicorns.
  • Key takeaways include the importance of scaling with solid foundations, the difference between European and US startup ecosystems, and the transformative potential of AI in tech and education.
  • AI combined with new computational power like quantum computing will have a significant impact.

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Eu-Startups

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Championing innovation: 10 sports legends fuelling European innovation

  • Renowned European athletes have ventured beyond their fields to become serious investors, with Europe’s startup scene emerging as a prime arena for this new focus.
  • Many athletes are actively seeking ventures that align with their personal stories of dedication, performance, and resilience—qualities they bring into their investment approach.
  • Athlete-turned-investors find natural parallels in the entrepreneurial world, often becoming more than just passive backers. Many bring insights and strategic guidance that mirror their career achievements.
  • French footballer Antoine Griezmann's investments include PowerZ, an edtech start-up that gamifies learning, promoting accessible education.
  • Cristiano Ronaldo's investments align with his dedication to luxury, fitness, and wellness, such as hair transplant clinic, Insparya, luxury watch marketplace, Chrono24 and wearable tech company, Whoop.
  • David Beckham's portfolio spans wellness, fashion, and tech, such as health-tech start-up accelerator, IM8, esports organisation, Guild Esports and Lunaz, a firm converting classic cars to electric.
  • Since retiring, Spanish goalkeeper Iker Casillas has become a passionate supporter of sports and health tech-driven start-ups, investing in AI-powered video analysis start-up, Kognia Sports Intelligence, and accelerator, SportBoost.
  • Jessica Ennis-Hill has extended her influence beyond athletics, investing in health and wellness brand, Vitality and founding Jennis, a health and fitness app with tailored workouts and wellness guidance for women.
  • Maria Sharapova has strategically backed companies that align with her commitment to positive environmental impact, investing in sunscreen brand, Supergoop!, candy brand, Sugarpova, wellness and beauty brands, as well as serving as a board member of luxury lifestyle brand, Moncler.
  • Swiss tennis icon, Roger Federer has supported startups that emphasize quality, innovation, and sustainability, investing in On, a Swiss running shoe and apparel brand, and Chilean plant-based food tech startup, NotCo.
  • Serena Williams has expanded her influence beyond the tennis court as a venture capitalist, supporting numerous companies in tech and wellness, with a focus on diversity, inclusion, and innovation.

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Insider

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Meet Glean, the enterprise AI search company that's so powerful Sam Altman deemed it a threat to OpenAI

  • Glean, the AI search company that helps corporate workers find information across their companies' tools and data, raised over $260 million at a valuation of $4.6 billion. It integrates across multiple software apps and retrieves relevant answers. Glean enables AI search by integrating apps like, Slack and Dropbox and powers search across their company's universe of data.
  • Founded in 2019 by Rubrik cofounder and ex-Googler Arvind Jain, Glean hit $50 million ARR over the summer and is projected to end this year with $100 million ARR, according to a source familiar with the company's financials. It is projected to hit $250 million by the end of next year, according to a source.
  • Following OpenAI's latest $6.6 billion fundraise, CEO Sam Altman insisted investors avoid investing in five AI competitors, reported Reuters. Among them are Anthropic, Elon Musk's xAI, OpenAI cofounder Ilya Sutskever's Safe Superintelligence, and AI search startup Perplexity. The last of the five rivals, and perhaps the least well-known, is Glean, an enterprise search assistant.
  • Jain previously founded Rubrik, a public cybersecurity company, and was an engineer at Google. Jain was one of Google's first distinguished engineers and reported directly to Google's founding CEO Larry Page. Although engineering was accidental, the desire to become an entrepreneur was deliberate.
  • Glean helps businesses use AI by tackling a core function for employees—search. With so much data, it's difficult for employees to find what they're looking for. This can add up to over two hours a day, said Jain. Altimeter and DST Global co-led the latest round, which also included Sapphire Ventures, Sequoia, Coatue, and Kleiner Perkins.
  • Glean's initial focus was search. Enterprise search is a "hard lift and a hard build," said Kleiner Perkins' Mamoon Hamid. "It's seemingly easy, but actually quite hard to build all the different connectors to different SaaS products and then build search itself."
  • Glean's product, prevents users from accessing information that they're not meant to see, such as confidential financials or HR reports. Large language models (LLMs) helped boost Glean's capabilities even further. With LLMs, Glean can also generate answers in response to employee queries, including entirely new documents.
  • "We had the opportunity to build Google for people in their work lives," and with that, Glean was born. "I have a very firm belief that companies win or lose because of themselves, not because of competition," said Jain.
  • Jain grew up in Jaipur, an Indian city, and, excelled in math and physics. He moved to the US to earn a master's in computer science at the University of Washington. He joined Google in 2003 and worked on Google Maps, YouTube, and Google Search. Jain was far from the world of technology growing up, but his father owned "a bunch of small businesses…so he was also an entrepreneur in that sense," said Jain.
  • "Even when you're playing table tennis, ping pong, or tennis, he will fight for that point," said Deedy Das, who led product development at Glean and now works at Menlo Ventures. "He doesn't care who you are. You could be a new grad; he doesn't care. He's going to fight for the point."

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TechBullion

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The Startup Culture in Northern Virginia: What Makes It Unique?

  • The Northern Virginia area is becoming a growing hotspot for young entrepreneurs with a strong startup culture, building a creative and exciting space for new ideas and businesses.
  • The first contributing factor to Northern Virginia’s startup success is the number of skilled workers in the region due to the proximity to universities like George Mason, Virginia Tech, and UVA, and the fact that local startups offer internships and real-world experiences to build these skills.
  • Northern Virginia’s location near Washington, D.C. creates many unique business opportunities for startups to connect with federal agencies and even create niche tech solutions designed specifically for government needs.
  • The area has several incubators and accelerators such as MACH37 and the Center for Innovative Technology offering mentorship and resources for tech startups.
  • The startup community in Northern Virginia is very diverse, with unique ideas and perspectives from people all over the world leading to the creation of creative solutions that reach a variety of audiences.
  • Northern Virginia is more affordable than places like San Francisco or New York, with lower costs for office spaces and housing, as well as tax breaks and grants for small businesses provided by the state of Virginia.
  • Tech-friendly hubs like Arlington’s Ballston and Tysons Corner encourage collaboration and creativity by providing co-working spaces and innovation labs where startups can rent office space and share resources.
  • Access to funding is another critical factor for startups, and Northern Virginia has many options with local venture capital firms, angel investors, and private equity groups actively investing in the region’s startups.
  • Northern Virginia has a strong focus on cybersecurity and government tech, with many startups in the area developing secure tech solutions specifically for federal agencies. This focus attracts talent and builds credibility for startups in the area.
  • Finally, Northern Virginia’s startup culture places a strong sense of community at its core, emphasizing the importance of helping others to achieve success as a group rather than individual gain.

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