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Startup News
Medium
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287
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oyce Shen’s picks: musings and readings in AI/ML, October 28, 2024
- Biological Lattice Industries, Oriole Networks, Where You At (WYA), mPATH, CrewAI, Universal Fuel Technologies, Dryad Networks, Agentech, Turnover Labs, Optiwise.ai, Attention, Cascade AI, Planetary Technologies, Mave, and Pharos have secured financing for their respective startups.
- Biological Lattice Industries raised $1.8m, Oriole Networks raised $22m, Where You At (WYA) raised £2.5m, mPATH raised $3m, CrewAI raised $18m, Universal Fuel Technologies raised $3m, Dryad Networks raised €6.3m, Agentech raised $3m, Turnover Labs raised $1.4m, Optiwise.ai raised $2.4m, Attention raised $14m, Cascade AI raised $3.7m, Planetary Technologies raised $11.3m, Mave raised CAD$2m, and Pharos raised $5m in financing.
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Hackernoon
2w
4
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Timing is Important for Startups and Product Launches
- Timing plays a crucial role in the success or failure of startups and product launches.
- Bill Gross identified timing as the top factor influencing startup success.
- Founders can assess timing through market readiness, user behavior and trends, and new regulations.
- Mitigating timing challenges can be done by starting small, targeting early adopters, being adaptable, staying updated on trends, and planning a phased rollout.
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AllTopStartups
2w
414
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3 Tips for Securing the Best Business Gas Rates for Your Company
- Managing operational costs is one of the biggest challenges faced by business owners, and energy expenses—especially gas—can take up a significant chunk of your budget.
- To secure the most competitive gas rates for your business, the first tip is to understand your gas usage and future needs.
- Next, compare rates from multiple suppliers and don’t forget customer service quality.
- Utilizing negotiation with multiple suppliers, can also result in significant savings.
- Analyzing gas bills, considering future changes, and boosting energy efficiency can help identify a suitable deal.
- Using comparison tools to view rates side by side and contacting providers directly for a tailored quote.
- While price is an important consideration, it’s not the only factor to weigh up. Look carefully at contract length, early exit fees, and the flexibility offered by each supplier.
- A supplier’s customer service quality should also be taken into account.
- Energy prices fluctuate throughout the year, and signing a contract when prices are lower can result in significant savings.
- Securing the best business gas rates requires a combination of understanding your usage, comparing offers, and negotiating with suppliers.
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Inc42
2w
113
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Unicommerce Q2 Profit Rises 21% YoY To INR 4.5 Cr
- SaaS company Unicommerce's profit after tax (PAT) grew 21% YoY to INR 4.47 Cr in Q2 FY25.
- Revenue from contract with customers increased almost 13% to INR 29.30 Cr.
- Adjusted EBITDA surged 33.5% to INR 6.17 Cr during the September quarter.
- Unicommerce acquired over 100 new enterprise clients and developed new products UniShip and UniReco.
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TechRound
2w
39
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Daylight Savings and Startups: How Does the Clock Change Affect Daily Operations?
- For startups, there are a whole lot more challenges to consider because startups tend to have smaller and more dynamic teams than bigger businesses.
- The day after the clocks are changed can have a significant impact on productivity and focus in employees due to people adjusting to waking up at a different time or having different commuting conditions.
- The time change has the potential to negatively affect team dynamics and efficiency, with employees feeling unfocused, tired and sometimes even a bit agitated due to having to deal with the change.
- Startups should allow employees to start a little bit later to compensate for the time change as it can help people settle into the new normal in a way that’s not such a shock to their systems.
- Customer behaviour may also change a little the day after the clock change, as people may be slower in their daily activities and responding to emails.
- Businesses should monitor things like customer service response times, email open rates and other engagement rates to get a good idea of how and when customers are active so they can adjust their outreach schedules accordingly.
- Most startups depend on real-time collaboration tools, communication platforms and tech stacks, and most of them work with scheduling that’s programmed according to specific time settings.
- The best way to manage the scheduling for automations and important meetings, processes or schedules is to do the math and be prepared for the time change in advance.
- Mild disruptions in sleep can lead to unconventional thinking, which can help to boost creativity in the team and come up with interesting ideas during brainstorming sessions.
- Startups should acknowledge the potential challenges that come with the time change, communicate with their team effectively, and just make the most of the transition because it's only temporary and everyone will be back to normal within a few days.
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SiliconCanals
2w
270
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Delft-based Arceon secures funding from Tenzing Alpha to develop advanced materials for extreme environments
- Delft-based Arceon has secured funding from Tenzing Alpha to develop advanced materials for extreme environments.
- The investment will support the development of Arceon's Advanced Ceramic Matrix Composites (ArCMC) with unique properties such as extreme heat resistance and reduced corrosion levels.
- Arceon's ArCMC materials are lighter than metal-based equivalents and can be used in satellite jet engines.
- The funding will help Arceon expand its commercial capabilities and market reach under the guidance of Tenzing Alpha.
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AllTopStartups
2w
396
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Why Hiring a Performance Marketing Agency is Key to Success
- Partnering with a performance marketing agency can be a game-changer for businesses.
- Performance marketing is a data-driven approach to digital marketing that focuses on measurable results and ROI.
- Performance marketing agencies leverage various channels strategically to drive tangible results for clients.
- Benefits of working with a performance marketing agency include expertise, specialization, and cost-effectiveness.
- A data-centric approach to optimization ensures that marketing budgets are spent efficiently.
- Partnering with an agency can save time and resources, allowing businesses to concentrate on core activities.
- Access to advanced tools and technologies, scalability, and flexibility are significant advantages of working with a performance marketing agency.
- A comprehensive multichannel approach ensures that marketing efforts work together synergistically.
- Performance marketing agencies are committed to ongoing optimization, ensuring that marketing efforts remain effective and efficient over time.
- Key factors to consider when choosing an agency include goals, experience, data and analytics approach, technology stack, communication and reporting practices, pricing models, and industry partnerships and certifications.
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Yourstory
2w
270
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iPhone SE4 comes to India: What you need to know about price, specification, launch
- Apple is set to introduce the iPhone SE4, the fourth-generation of the budget-friendly iPhone SE.
- The production of the iPhone SE4 is expected to start in December, with estimated production of 8.6 million units in the first quarter of next year.
- The new iPhone SE4 is anticipated to launch in March or April 2024 with a price range of $499 to $549 (approximately Rs 51,000 to Rs 56,000 in India).
- The iPhone SE4 is rumored to come with a larger 6.06-inch screen, improved battery capacity of 3,279mAh, A18 chip, 8GB of RAM, and support for Apple Intelligence and 5G connectivity.
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Eu-Startups
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Berlin-based UnitPlus bags €4.7 million to further develop its technological capital market platform
- Berlin-based UnitPlus has raised €4.7 million in seed funding.
- The funding will be used to develop UnitPlus's capital market platform.
- The platform aims to provide SMEs with cash management solutions and higher-yielding investment opportunities.
- UnitPlus has experienced significant growth and attracted corporate liquidity since its market entry.
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Medium
2w
370
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Forget Vanity Metrics: How One IT Brand Achieved a 93% MQL-to-SQL Acceptance Rate
- A B2B IT brand achieved a 93% MQL-to-SQL acceptance rate by humanizing the brand, targeting the right prospects, and developing the right messaging.
- Humanizing the brand: The strategy focused on executive-led content sharing to build trust and authenticity.
- Targeting the right prospects: Each executive was connected to the appropriate prospects using curated lists based on industry focus.
- Developing the right messaging: The messaging emphasized addressing specific pain points rather than discussing product features.
- Streamlining content creation: The use of a platform streamlined content creation, ensuring consistency and minimal time investment.
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Inc42
2w
87
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Swiggy Sets IPO Price Band At INR 371-390
- Swiggy has set the price band of its IPO at INR 371-390.
- At the upper end of the price band, the company will be valued at $11.3 Bn.
- Swiggy is likely to file its red herring prospectus by tonight.
- The company was earlier targeting a valuation of $15 Bn for the IPO.
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Startupreporter
2w
318
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KIET Organized 24-Hour IEEE SSH 2024 Hackathon Phase 2 on Campus
- KIET Group of institutions conducted a 24-hour hackathon for IEEE Sustainable Solutions for Humanity 2024, which began on the 21st of October. Sponsored by TBI-KIET and IEEE Region 10, this event encouraged participants to find innovative solutions on 8 tracks pertaining to Education, AR/VR, Environment, Generative AI, Green Energy, Healthcare, Open Innovation, and Blockchain. The event attracted nearly 210 teams, and 5 different categories were awarded Best Solution, Best Coding, Best Design, Best Innovation and Overall Winner.
- The hackathon was concluded with the valedictory ceremony on 22nd October, where the participants worked for 24 hours on respective problem statements and showcased their prototype/solution before distinguished jury panel. They were mentored by faculty coordinators, offering valuable guidance and industry insights.
- The winners included Team MirazeX from Trident Academy of Technology, which bagged the award for Best Solution, Best Coding, and Overall Winning in the Green Energy track/problem statement. Team Zen from Indian Institute of Science (IISC) won Best Innovation and Best Coding awards for AR/VR track/problem statement. Team Suryamukhi from KIET Group of Institutions won the Best Design award for Green Energy track/problem statement.
- The inaugural of the Phase 2 saw the presence of notable guests, including Dr. Prerna Gaur (IEEE India Council Chair Elect & Director NSUT), Mr. Deepak Mathur (IEEE MGA Vice President), Dr. Debabrata Das (IEEE India Council Chair & Director, IIIT Bangalore), Shri Sarish Agarwal, Chairman-KIET, Dr. Preeti Bajaj, Director General-KIET, Dr. Manoj Goel, Joint Director-KIET.
- Dr. Anil Sahasrabudhe, Chairman of National Educational Technology Forum (NETF), EC National Assessment and Accreditation Council (NAAC) and NBA, appreciated and quoted that AICTE & KIET are working on the same values. He shared that AICTE started a series of hackathons and has conducted 9 hackathons so far with participation of lakhs of students. He finds the incorporation of sustainable solutions to realistic industry-related problems remarkable.
- The Director General, KIET, Dr. Preeti Bajaj said, 'IEEE is conducting such an event for the very first time, wherein it has empowered students to create sustainable solutions to realistic industry-related problems for the cause of humanity. Students need platforms and engagement and through IEEE, we can give immense opportunities to them'.
- The event was well managed and organized, and it empowered young minds to generate opportunities for employment, which is a great initiative and shall contribute to the areas of innovation and technical excellence.
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Geek Wire
2w
74
Potato’s AI research assistant digs through publications for science experiment inspiration
- Seattle-based startup Potato AI has secured $1m in pre-seed funding for its AI scientific research assistant.
- The platform uses chat-based, generative AI tools to help researchers plan and run experiments, critique journal articles, and assist in reviews of journal submissions.
- Potato AI aims to improve research reproducibility and speed up medical breakthroughs by distilling scientific content and designing repeatable experiments.
- The company's AI assistant is currently focused on biology and medicine but plans to expand to materials science and chemistry research.
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Startup Pedia
2w
26
Image Credit: Startup Pedia
Former Infosys CFO Mohandas Pai Slams Karnataka Govt, Minister Reacts
- Former Infosys CFO Mohandas Pai criticized Karnataka government and health minister Dinesh Gundu Rao over Bengaluru's infrastructure and lack of development.
- Pai questioned what the government has done for Bengaluru, mentioning increased corruption and miserable living conditions.
- Rao invited Pai to join the fight for Karnataka's rightful GST share to improve Bengaluru and the state.
- Pai also criticized the central government's decision not to select Bengaluru as one of the places for the AI Centre of Excellence.
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Inc42
2w
405
Image Credit: Inc42
Veefin Solutions’ Q2 Profit Jumps 325% YoY To INR 4.1 Cr
- Veefin Solutions reported a profit of INR 4.13 Cr in Q2 FY25, a 325% increase YoY.
- However, the profit declined 82% sequentially from Q1 FY25.
- Operating revenue rose 112% to INR 19.08 Cr in Q2 FY25.
- Veefin Solutions offers supply chain finance and lending solutions to banks and NBFCs.
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