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TechCrunch
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DataCrunch wants to be Europe’s first AI cloud hyperscaler — powered by renewable energy
- Finnish startup DataCrunch sells GPUs “as-a-service, as it sets out to become one of Europe’s first “AI compute” hyperscalers.
- DataCrunch today said it has raised $13m in seed funding, exceptionally having raised a significant portion ($5.4m) in debt from Nordea and LokalTapiola.
- DataCrunch will mostly remain anchored in the Nordics and Iceland, as it takes advantage of its data centers located at two green energy sites, Helsinki and Iceland.
- The combination of GPUs, AI hardware and cloud infrastructure has created new industries such as cloud infrastructure providers, which benefit from Nvidia, with companies like Lambda and CoreWeave recently hitting billion-dollar valuations.
- Individual AI researchers are among DataCrunch's target customers, offering an attractive and flexible pricing model for university projects.
- Reducing the carbon footprint of AI processing is also a significant focus for DataCrunch, as it seeks to differentiate with green energy data centers.
- DataCrunch's AI processing offering is better suited for a particular kind of workload that seeks compute without the strictest of latency requirements.
- DataCrunch plans to start building out its own data centers in 2025 and move towards being a public company.
- DataCrunch is blurring the line between hardware and software, SEC filing reveals
- Artificial intelligence cloud platform start-up DataCrunch has raised $13m in seed funding...
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VIE Stories
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Essential Tips for Choosing the Right Bike Insurance and Motor Insurance Policies
- Choosing the right bike insurance or motor insurance is crucial for vehicle owners.
- Understand the different types of insurance policies available, such as third party insurance, own damage insurance, and comprehensive insurance.
- Evaluate your add-on needs and consider the cost implications of these additional features.
- Research and gather information online to make an informed decision, rather than solely relying on agents.
- Pay attention to the claims process, ensuring it is convenient and hassle-free, preferably with virtual filing options.
- Read the fine print to understand elements like IDV, NCB, deductibles, and coverage details.
- Check for cashless insurance options and network garages for convenient repairs, especially for frequent travelers.
- Consider purchasing your policy online for advantages like quick renewals and better pricing options.
- Choosing the right policy can provide long-term benefits and financial security for vehicle owners.
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Yourstory
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7 boundaries that successful people set to avoid burnout
- Successful people have learned that setting clear boundaries is crucial to achieve sustainable success.
- They understand that saying "no" is sometimes the most powerful form of self-care and progress.
- In this article, we will explore the seven key boundaries successful people set and how these boundaries empower them to reach their goals without burning out.
- Successful individuals know that in order to make the most out of their day, they need to set clear boundaries around their time.
- They make it a priority to switch off from work at a certain point in the day, focusing on family, friends, and self-care.
- By maintaining emotional boundaries, they prevent themselves from getting caught up in negativity, allowing them to stay focused on their goals.
- Successful people recognise that aiming for perfection in every task can be counterproductive.
- They avoid people who drain their energy or distract them from their goals, instead surrounding themselves with those who inspire, challenge, and support them.
- Successful people are aware of this and set strict digital boundaries to maintain focus.
- The most successful people aren’t those who work the hardest without rest—they’re the ones who set clear boundaries to protect their time, energy, and focus.
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Inc42
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Advance Mobility Bags $3 Mn From India Accelerator, Finvolve
- Advance Mobility has raised $3 Mn in funding from investors including India Accelerator and Finvolve.
- The fleet startup, focused on sustainable mobility solutions, aims to scale up operations and expand its footprint.
- The company previously raised $2 Mn in a funding round from the same investors in February 2023.
- The Indian mobility space is experiencing a transformation towards sustainable solutions, with a focus on electric vehicles (EVs).
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Inc42
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Groww’s FY24 Revenue More Than Doubles To INR 3,145 Cr
- Bengaluru based fintech company Groww Invest Tech reports 119% growth in revenue from INR 1,435 Cr in FY23 to INR 3,145 Cr in FY24.
- Groww maintains operational profitability of INR 535 crore for FY24 compared to INR 458 crore in the previous fiscal year.
- Groww paid INR 1,340 Cr as one-time tax on shifting its base back to India.
- Groww reports a net loss of INR 805 Cr, after taxes for FY24.
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VIE Stories
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Capillary Technologies Promotes Siddhant Jain to Chief Customer Officer, Asia
- Capillary Technologies has promoted Siddhant Jain to Chief Customer Officer, Asia.
- Siddhant Jain has contributed more than 13 years of devoted service, driving transformation and spur growth.
- Siddhant Jain expressed gratitude for the opportunity to lead the Asia region and build on the strong foundation established.
- Aneesh Reddy, Founder & CEO of Capillary Technologies, highlighted Siddhant's instrumental role in expanding the company's footprint in Asia and supporting key growth initiatives in the US and EU.
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SiliconCanals
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Finnish startup Cambri bags €8M to help major brands predict product launch success through AI
- Finnish startup Cambri has raised €8M in a recent funding round to further develop its AI consumer insights and innovation platform.
- The funds will be used to scale the AI-powered platform, which helps major brands predict the success of product launches.
- Cambri's proprietary AI engine provides accurate predictions and actionable insights, leading to over 80% prediction accuracy for product launches.
- Major brands like Carlsberg, Coca-Cola, and Nestle are already utilizing Cambri's AI engine to enhance their product innovation.
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Gritdaily
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Matthew Porcelli’s Dedication to Security and Frontline Protection
- Matthew Porcelli is dedicated to security and frontline protection.
- He works as a security manager at Harvard Protection Services LLC.
- Porcelli emphasizes the importance of frontline security and layers of protection.
- He has been recognized for his achievements and aims to advocate for security professionals.
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Inc42
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GalaxEye To Launch Multi Sensor Earth Observation Satellite Next Year
- Bengaluru-based spacetech startup GalaxEye is partnering with SpaceX to launch a multi-sensor Earth observation satellite called 'Drishiti' by mid next year.
- The satellite will weigh 150 kg and will be the first of a constellation of five satellites.
- GalaxEye aims to position itself as a key provider of data across various altitudes.
- SpaceX was chosen for the launch due to timeline challenges with ISRO. GalaxEye was also a finalist at the SpaceX Hyperloop competition in 2019.
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Inc42
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Contrarian Capital MD Somak Ghosh Joins Gemba Capital Board
- Contrarian Capital's managing director, Somak Ghosh, has joined the advisory board of Gemba Capital, a micro venture capital fund focused on early stage technology startups.
- Ghosh, who has experience in fintech, will provide valuable insights for strategic decisions and governance at Gemba Capital.
- Gemba Capital, founded in 2017, has invested in over 50 startups and recently launched its second fund of INR 250 Cr to invest in early-stage businesses across fintech, consumer tech, and B2B platforms.
- In the first half of 2024, Indian startups raised $5.3 Bn across 504 deals, with a 23% year-on-year increase in seed-stage funding according to Inc42's H1 2024 Startup Funding Report.
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Eu-Startups
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Despite faltering VC funding in Europe, healthtech made a comeback in Q3
- Despite a decline in overall VC funding in Europe in Q3 2024, healthtech sector experienced a comeback and secured more VC than any other sector.
- Healthtech companies raised $2 billion in Q3, with a significant boost seen in funding for oncology startups.
- AI-powered technologies, particularly Generative AI, attracted significant investor interest with $165 million raised in Q3.
- Fintech sector showed resilience, with funding for startups increasing by 45% year-over-year in Q3, attributed to innovations in AI and embedded finance solutions.
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Yourstory
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Image Credit: Yourstory
A Rare Sky Show: Why 2024's Northern Lights Shine Brightest!
- 2024 has been a year of remarkable Northern Lights displays across the globe.
- This is due to the peak of the Sun's 11-year activity cycle, causing intense geomagnetic storms.
- The auroras have been visible in unexpected places, including southern US states and parts of Europe.
- The heightened visibility of the Northern Lights is expected to continue into 2025.
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Inc42
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Image Credit: Inc42
Navi Calls Off INR 1 Lakh Cr Bond Sale After RBI Crackdown
- Navi Finserv, led by Sachin Bansal, has canceled its proposed INR 1 Lakh Cr bond sale following regulatory scrutiny.
- The non-banking finance company (NBFC) had planned to raise funds through the issuance of two-year and three-month bonds.
- The cancellation comes after the Reserve Bank of India (RBI) prohibited Navi and three other NBFCs from sanctioning new loans due to excessive interest rates charged to microloan borrowers.
- Navi Finserv's decision to withdraw the bond sale comes amidst its parent company's plan for an IPO, with the proceeds intended for investments in Navi Finserv and Navi General Insurance.
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Inc42
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Navi Calls Off INR 100 Cr Bond Sale After RBI Crackdown
- Navi Finserv, backed by Sachin Bansal, has called off its proposed INR 100 Cr bond sale due to regulatory scrutiny.
- The company had planned to raise funds by issuing two-year and three-month bonds.
- The decision comes after the Reserve Bank of India (RBI) barred Navi and other NBFCs from sanctioning new loans, citing excessive interest rates.
- Navi Finserv's parent company, Navi Technologies, is planning an IPO to raise funds for its subsidiaries.
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ISN
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Image Credit: ISN
Automoto completes first tranche of extended pre-Seed funding round led by Venture Bridge
- Mumbai-based Automoto completes first tranche of extended pre-seed funding round at a valuation of 100 crore.
- The round was led by Venture Bridge, supported by angel investors and high-net-worth individuals.
- Automoto is developing a B2B2C Enterprise Management System for vehicle ownership journeys in India.
- The funds will accelerate the development of Automoto's solutions and establish the company globally.
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