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Startup News
Geek Wire
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Phone spam-fighting startup Hiya rolls out Chrome extension that detects deepfake audio content
- Seattle-startup Hiya has launched its Deepfake Voice Detector as a free Google Chrome extension.
- The extension can identify deepfake audio and video content using just a second of audio.
- Hiya's models are trained to detect subtle audio artifacts unique to AI-generated voices.
- The tool aims to tackle the increasing risk of deepfake scams and disinformation.
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Inc42
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Image Credit: Inc42
Febi.ai Raises $2 Mn To Provide AI-Powered Accounting Platform
- Febi.ai, an AI-driven accounting and bookkeeping platform provider, has raised $2 Mn in its pre-Series A funding round.
- The funding round was co-led by Lumis Partners, former JP Morgan executive Virender Rana, and Lenskart cofounder Amit Chaudhary.
- Febi.ai will utilize the funding to enhance its AI efficiency, automate accounting and tax compliance, and strengthen customer acquisition.
- The platform offers documentation management, tax compliance automation solutions, and real-time business insights.
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TechCrunch
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Image Credit: TechCrunch
Databricks, Snowflake, and Battery Ventures discuss when to cash out or scale your startup at TechCrunch Disrupt 2024
- The TechCrunch Disrupt 2024 event will feature a discussion on when to sell or scale a startup.
- The panel will include Naveen Rao, VP of generative AI at Databricks; Kamakshi Sivaramakrishnan, head of Data Clean Rooms at Snowflake; and Dharmesh Thakker, general partner at Battery Ventures.
- They will share their experiences and insights on market timing, innovation longevity, scaling a data-focused startup, and exit strategies.
- The discussion aims to help founders and entrepreneurs navigate the challenges of making the right decisions for their startups.
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Medium
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156
SF Tech Company Made Renovation Declares Bankruptcy Amid Customer Complaints
- San Francisco-based startup Made Renovation, which promised a tech-driven approach to bathroom remodeling, declared bankruptcy on October 16, 2024.
- The company’s downfall, marked by customer dissatisfaction and financial troubles, filed for Chapter 7 protections that revealed $146,000 in assets against $19.2 million in liabilities.
- Founded in 2019, Made Renovation sought to simplify the bathroom remodeling process by offering design templates and connecting clients with contractors.
- It targeted tech-savvy homeowners, promising a seamless, digital-forward experience.
- According to SF Gate: Made Renovation quickly ran into trouble. Customers accused the company of poor service, subpar contractor performance, and inadequate communication.
- Made Renovation’s downfall highlights the risks of rapid scaling without a solid foundation, yet under the hood, it lacked integrity and common sense.
- The company’s tech-driven approach was unable to rise above its operational inefficiencies due to lack of leadership.
- TriplePoint Capital, the firm behind much of Made Renovation’s debt, has faced its own challenges.
- Made Renovation’s failure is an example of poor judgment and a lack of key business values.
- The situation also raises questions about accountability — how a company can mismanage millions of dollars in venture funding, amass $19.2 million in liabilities, and ultimately leave its customers and employees (the people in the real world) in the lurch.
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TechCrunch
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Image Credit: TechCrunch
Announcing the final group of top VCs to judge the Startup Battlefield 200 Final at TechCrunch Disrupt 2024
- TechCrunch Disrupt 2024 is all set to host its Startup Battlefield 200 in San Francisco, where two hundred hand-selected companies will grace the expo hall.
- The competition has five companies selected to pitch in the Battlefield Final, which will be judged by top-level VCs.
- The VCs participating in the event include Navin Chaddha, who leads Mayfield Fund, Chris Farmer, CEO of SignalFire, Dayna Grayson, Co-founder & General Partner of Construct Capital, Ann Miura-Ko, Co-founding Partner of Floodgate, and Hans Tung, Managing Partner at Notable Capital.
- Mayfield has raised eight U.S. funds, led by Navin Chaddha who is a Forbes Midas List of Top 100 Tech Investors fifteen times. Navin has invested in over 60 companies including Lyft, Poshmark and SolarCity, with $120 billion in equity value created and over 40,000 jobs generated.
- Chris Farmer, previously a successful entrepreneur, has a focus on sectors including health and life sciences tech, developer tools, cybersecurity, and vertical AI SAAS while at SignalFire, he's led investments in companies such as Grammarly, Frame.io, ClassDojo, and Stampli.
- Dayna Grayson believes in exclusively focusing on early-stage investments and investing behind accelerating changes in foundational industries that together make up half of the economy’s GDP.
- Ann Miura-Ko is a co-director of the Stanford Mayfield Fellows Program and co-founding member of AllRaise, an organization dedicated to increasing the success and prevalence of female funders and founders.
- Hans Tung is managing partner at Notable Capital and has invested in early-stage investments across the global digital economy, acquiring a considerable consumer internet portfolio, including notable companies like Airbnb, Coinbase, Ibotta, Peloton, Poshmark, Quince, Stockx, and TikTok.
- The Startup Battlefield winner, who will walk away with a $100,000 equity-free cash prize, will be announced at Disrupt 2024.
- The event is an excellent chance for attendees to witness groundbreaking innovative tech and learn from expert insights and discover the vital elements essential for startup success.
- Join in with 10,000 attendees and witness this epic startup battle by securing seats with the special Expo+ 2 for 1 Pass limited-time offer.
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ISN
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102
Image Credit: ISN
D2C meat and seafood brand Licious reports Rs 685 crore revenue in FY24, losses decline by 44%
- Bengaluru-based D2C meat and seafood brand, Licious, reported an 8% YoY decline in revenue for FY24, amounting to Rs 685.05 crore.
- The drop is due to the closure of third-party distribution channels and a shift in focus towards Licious' own platform.
- Despite the decline in revenue, Licious reduced losses by 44% to Rs 293.77 crore in FY24 through cost control measures and operational shifts.
- Licious is focusing on its app, quick commerce, and expanding its offline retail network to enhance customer experience and reach profitability.
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ISN
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Image Credit: ISN
Indian actor Rashmika Mandanna becomes national brand ambassador for cyber safety
- Indian actor Rashmika Mandanna has been appointed as the national brand ambassador for the Indian Cyber Crime Coordination Centre (I4C).
- Her appointment emphasizes the need to increase public awareness about cyber safety and the risks associated with digital platforms.
- Mandanna's personal experience with cybercrime, including being a victim of a deepfake video, makes her a fitting choice for this role.
- As the ambassador, Mandanna will lead nationwide campaigns on topics like deepfake technology, cyberbullying, financial frauds, and online scams to educate the public.
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3 Likes
TechRound
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Image Credit: TechRound
Top Female Leaders in the Cybersecurity Industry
- According to a 2023 study conducted by the International Information System Security Certification Consortium (commonly referred to as ISC2), women make up only 24% of the global cybersecurity workforce.
- Challenges for women in cybersecurity include stereotypes and gender bias, underrepresentation, lack of role models, and work-life balance.
- However, initiatives, increasing demand for female talent, career growth and leadership, and a combination of soft and hard skills provide opportunities for women to succeed in cybersecurity.
- Laura Nielson, based in Nashville in the USA, is a Senior Managing Director at Ankura with more than 20 years of experience in dealing with complex data management and analysis across a variety of industries.
- Carolyn Labatt, CEO of Computer Solutions since 1984, is not only a respected leader in the industry, but also serves as the director on several different boards.
- Jane Frankland, cyber security entrepreneur, author, speaker, and more, is an expert and leader in the cyber security space and an advocate for women.
- Alicia Lowery Rosenbaum, Vice President and Associate General Counsel for Cybersecurity Technology and Trust at Salesforce has become a trusted advisor in the world of cybersecurity, data security and risk management.
- Women in cybersecurity face significant challenges, but with increasing diversity initiatives, demand for female talent, and career growth and leadership, more women are breaking into the field.
- Many companies are intentionally focusing on diversity as part of their hiring strategies to recognize that diverse teams produce better results and lead to better problem-solving.
- Jane Frankland has made it her mission to advocate for women in cybersecurity and tech, aiming to make gender equality and female involvement the norm rather than the exception.
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5 Likes
ISN
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Image Credit: ISN
WROGN raises $9 million from Aditya Birla Digital Fashion
- Men's apparel brand WROGN has raised an additional Rs 75 crore in funding from Aditya Birla Digital Fashion Ventures Ltd (ABDFVL).
- ABDFVL's ownership in WROGN will increase from 17.10% to 32.84% on a fully diluted basis.
- The investment is part of a series of investments based on certain milestones achieved by WROGN.
- WROGN aims to grow its market share, optimize digital retail channels, and solidify its position in the Indian fashion industry.
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11 Likes
Medium
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352
I Wish I Was a Little Bit Taller: Turning Ambition into Action in Startup Life
- Focusing on what you don’t have might be holding you back in startup life.
- Success is about maximizing what you do have and building from there.
- Stop wishing for perfect conditions and start building with what you've got.
- Take action, focus on what you can control, and keep pushing forward.
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21 Likes
Futurefundraisingnow
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Fundraising lessons from political subject lines
- Political fundraising emails provide important lessons in crafting subject lines.
- Subject lines often mention celebrities and use an informal tone.
- Personalization, such as using the recipient's first name, is common.
- Creating curiosity is a key technique used in these subject lines.
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8 Likes
Alleywatch
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424
Prime Security Raises $6M for its AI-Powered Proactive Approach to Software Development and Security
- Prime Security has raised $6 million in a seed funding round led by Foundation Capital and with participation from Flybridge Capital Partners.
- The AI-powered platform integrates security directly into the design phase of software development, detecting, prioritizing, and mitigating security risks early on.
- Prime Security's approach improves architecture, keeps security and engineering teams aligned, and generates automated security reviews and requirements for every engineering task.
- The funding will be used to accelerate research and development and expand sales and engineering teams in Tel-Aviv and New York offices.
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25 Likes
Yourstory
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152
Image Credit: Yourstory
RBI bans DMI Finance, Navi Finserv among 4 NBFCs from lending over regulatory violations
- RBI has banned DMI Finance, Navi Finserv, Arohan Financial Services, and Asirvad Micro Finance from lending due to regulatory violations.
- These NBFCs have been charged with excessive interest rates and failure to adhere to regulatory guidelines.
- The violations include breaching the Fair Practices Code and non-compliance with household income assessment, loan repayment capacity, and asset classification.
- RBI aims to ensure fair and reasonable pricing and educate regulated entities about responsible use of regulatory freedoms.
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9 Likes
Medium
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231
How GITEX 2024 is Fostering International Tech Partnerships
- The GITEX 2024 is fostering international tech partnerships by providing an opportunity for networking and collaboration.
- The event showcases the latest technologies related to digitalization, such as AI, blockchain, and cloud computing solutions.
- Companies participating in GITEX can enter into partnerships to create innovative solutions for the future.
- Code Brew Labs, a leader in mobile app development, is showcasing its services at GITEX 2024 to help businesses create custom apps.
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13 Likes
TechCrunch
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294
Image Credit: TechCrunch
Can AI make us feel less alone? The founder of Manifest thinks so
- Amy Wu, founder of the AI-based mental health app Manifest, predicts there will be unicorns of companies addressing loneliness. Manifest is an app seeking to mitigate rises in loneliness among Gen Z by offering AI affirmation and personalised audio meditation. The app is designed to be something people can use for a few minutes every day to feel more grounded. From a risk standpoint, the app could opt to provide suicide hotlines to users rather than experiment with AI as a tool to prevent self-harm.
- Wu explains that people are already using consumer tools when legitimately seeking medical care isn't accessible. The Manifest app generates a personalised audio meditation based on user input provided through a gradient orb.
- Manifest raised $3.4m in its seed stage from investors including firm a16z Speedrun mentions Wu, adding the app is meant to be an end-all-be-all mental health solution or replacement for actual mental health treatment due to ethical and legal challenges.
- Users have generated 18.7 million "manifestations" in the app since the stealth launch.
- Wu thinks that tech needs to happen where people are already; her company will use Gen Z's constant use of devices to offer wellness support.
- Manifest's safeguards include redirecting users to suicide hotlines - the AI is not used as a tool to help prevent self-harm. Other applications battling loneliness, such as Nomi AI, take a different approach. When Nomi AI users express self-harm thoughts, the AI companions try to talk them through their feelings, rather than halting conversations.
- Manifest, which is expected to be one of several companies to address the loneliness epidemic, is still in its seed stage, but it has already raised funds from a16z and other firms.
- Manifest is intended to ease the struggles of Gen Z by providing an easy and pleasant wellness experience.
- Wu contends that she did not have access to something like her app while she attended Stanford as an undergraduate, and her experiences are part of the inspiration for Manifest.
- The app is an invitation for users to look after their own emotional toolkit. The app's AI programming turns user input into affirmations for personalised audio meditation.
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