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The Robot Report
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ABB Robotics previews innovation drivers to be discussed at RoboBusiness
- John Bubnikovich, president of ABB’s Robotics Division in the U.S. will be joining NVIDIA’s Amit Goel, DHL’s Joan-Wilhelm Schwarze, and Teradyne Ventures’ Eric Truebenbach in analyzing the drivers of innovation and how to scale automation at RoboBusiness in California next week.
- ABB Robotics defines four areas for industrial applications of AI-powered robotics: generating insights, optimization, new capabilities, and human-machine collaboration.
- Robotic OEMs must get as close to their customers and potential customers as possible to truly understand their needs, and the performance metrics they are hoping to achieve.
- Robotics OEMs should be consultative and work closely with customers to achieve the best results.
- Tools like ABB’s RobotStudio offline simulation programming software are a valuable resource to test the design and performance of a potential robot system before any commitment is made.
- ABB is excited to see the new technology concepts at RoboBusiness 2024 from both the startups and more advanced-stage entities that will be displaying their latest developments in the exhibit area.
- The RoboBusiness event will focus on investment and business topics related to running a robotics company.
- The event will include more than 60 speakers, over 100 exhibitors and demos on the expo floor, 10+ hours of dedicated networking time, the Pitchfire Robotics Startup Competition, a Women in Robotics Luncheon, and more.
- RoboBusiness will be co-located with DeviceTalks West, which focuses on the design and development of medical devices.
- Thousands of robotics practitioners from around the world will convene at the Santa Clara Convention Center to attend RoboBusiness, which will cover robotics innovation and enabling technologies.
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Inc42
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Data Engineering Startup Datazip Bags Funding From Equirus InnovateX Fund
- Bengaluru-based data engineering startup Datazip has raised $1 Mn (about INR 8.4 Cr) in its seed funding round led by Equirus InnovateX Fund.
- Datazip will use the capital to strengthen its existing tech stack and develop new data engineering and data analytics tools.
- Datazip is building a composable data lakehouse platform that enables companies to store large amounts of raw data for machine learning and business intelligence workloads.
- Within two years of its inception, Datazip has added 15 clients, including LimeChat, PagarBook, and Wishlink.
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VIE Stories
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[Funding News] Millennium Babycares Secures Rs 122 Cr from Bharat Value Fund
- Millennium Babycares has secured Rs 122 crore in a private placement round from Bharat Value Fund (BVF).
- The funding will be used by Millennium to expand its market share domestically and internationally.
- Millennium Babycares, founded in 2015, specializes in the manufacture of pant-style diapers.
- BVF recognized the strong potential of Millennium's flagship brand, Bumtum, and the investment will support the brand's expansion and growth.
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Alleywatch
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The 12 Largest NYC Tech Startup Funding Rounds of Q3 2024
- Octane raised $50.0M series E funding in August 2024 and has raised $221.2M in total equity funding.
- Chaos Labs raised $55.0M series A funding in August 2024; the company has raised $75.0M in total equity funding.
- Captions’ series C funding raised $60.0M in July 2024, which makes a total of $100.0M in equity funding.
- Standard Bots raised $63.0M series B funding in July 2024 and has raised a total of $63.0M in equity funding.
- Air Company raised $69.0M series B funding in September 2024 and has raised $107.9M in total equity funding.
- Valon Technologies had a venture funding round of $69.7M in August 2024, making a total of $166.8M in equity funding.
- EliseAI raised $75.0M series D funding in August 2024, making a total of $141.9M in equity funding.
- K Health had a venture funding round of $88.4M in July 2024 and has raised $418.7M in total equity funding.
- Headway raised $100.0M series D funding in July 2024, making the company's total equity funding $325.5M.
- Spring Health raised $100.0M series E funding in July 2024 making the platform's total equity funding $466.5M.
- Hebbia raised $130.0M series B funding in July 2024 and has raised a total of $161.1M in equity funding.
- Bilt Rewards had a venture funding round of $150.0M in August 2024 and has raised a total of $563.3M in equity funding.
- Earned Wealth had a venture funding round of $200.0M in July 2024 and has raised a total of $212.0M in equity funding.
- Altana raised $200.0M in series C funding in July 2024, with a total equity funding of $322.0M.
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Pymnts
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VC Firms Remain Hesitant About Dealmaking Despite Market Rally
- American venture investors remain cautious despite the stock market rally.
- Deal activity in the venture capital (VC) space decreased by almost 32% in Q3 2019 compared to the previous quarter.
- Investors are seeking tougher terms from startups due to a lack of liquidity, leading to a slowdown in funding.
- The Federal Reserve cutting interest rates and a reinvigorated IPO market could potentially boost VC dealmaking.
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Medium
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Why Investors Expect Financial Projections (Even Though They Know They’re Made Up)
- Financial projections are forecasts regarding a company’s future financial performance, based on assumptions and predictions.
- Investors expect financial projections to understand a company's potential growth and profitability.
- Projections help investors assess risk and make informed decisions based on different scenarios.
- Financial projections influence investor sentiment and can validate a company's credibility.
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Hackernoon
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Startups of The Year 2024: 1,425 Startups Nominated in Sutton, England
- HackerNoon announces nominees for its annual "Startups of The Year" award in Sutton, England.
- The list features 30 startups making significant contributions to the Sutton economy and driving innovation.
- Nominations are open for people to nominate their favorite startups until October 31st, 2024.
- Winners will be announced in April 2025 after evaluation by the HackerNoon team.
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Insider
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Suki just raised $70 million for its healthcare AI assistant to beat out rival Abridge. See the 17-slide pitch deck it used.
- Suki, a healthcare AI assistant, has raised $70 million in Series D funding led by Hedosophia.
- Suki's AI assistant helps doctors with tasks like ambient notetaking, summarization, and coding.
- The funding will be used to expand Suki's offerings and partner with telehealth players, clinical communications companies, and EHRs.
- Suki's biggest competitor is Abridge, with Suki highlighting its deeper EHR integrations as a key differentiator.
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Hitconsultant
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Suki Raises $70M to Advance AI-Powered Solutions for Healthcare
- Suki, a provider of AI technology for healthcare, raises $70M in new funding.
- The investment will fuel Suki's growth and product development in AI-driven healthcare solutions.
- Suki's AI platform powers Suki Assistant, an AI-powered voice assistant, and Suki Platform, developer tools for integrating AI capabilities.
- The funding will accelerate product development, drive commercial initiatives, and expand Suki's leadership team.
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Dev
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5 AI-Powered Content Detectors to Help Identify AI-Generated Text
- AI-generated content can negatively impact rankings and reputation. AI-powered content detectors can help identify AI-generated content to ensure the content remains original.
- Attrock AI Content Detector is user-friendly and has high detection accuracy. It can identify intermixed AI content; however, the features are limited in the free version, often flagging creative human writing as AI-generated.
- Scribbr offers comprehensive reporting, unlimited content checks, and multiple language support. It combines the features of plagiarism checks and AI detection, which makes it expensive if opting for stand-alone AI-content detection without extra perks.
- Copyleaks is a robust AI-powered content detection tool that provides API integration, detects sophisticated AI models and cross-language capabilities, and identifies paraphrased content.
- Winston AI is an excellent AI-powered content detector that is ideal if you work with a high volume of content, has an easy-to-navigate interface, and allows integration with other platforms. However, it has limited features in the free version.
- Originality.ai focuses on SEO-specific content detection and accuracy checks to ensure factually correct text. Users can scan content from the browser, and team access allows multiple users to collaborate. However, the pricing may be high for smaller businesses.
- Choosing the best one depends on specific needs, whether you prioritize speed, accuracy, integration capabilities, or multilingual support.
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ISN
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JSW MG Motor India accelerates 7 startups focused on AI in electric mobility
- JSW MG Motor India has accelerated seven startups focused on AI in Electric Mobility through its MG Developer Program (MGDP) Season 5.0.
- The selected startups include Anuvega Powertronics, Aselector Technologies, Emerging Technologies, Gudlyf Mobility, Power Jet (EV Urjaa), Ravity, and Vocbot AI.
- The theme for this season of MGDP is AI in Electric Mobility, promoting innovation and integration of AI in the electric mobility sector.
- JSW MG Motor India has partnered with Startup India and Manthan to enhance the impact of the program and provide support to the selected startups.
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Yourstory
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How Warren Buffett overcame his fear of public speaking
- Warren Buffett, initially plagued by fear of public speaking, overcame his anxiety to become a confident speaker.
- Buffett actively avoided situations that required public speaking and recognized the need to address this fear.
- He enrolled in Dale Carnegie's public speaking course, which helped him develop both technical skills and confidence.
- Buffett's improved communication abilities played a crucial role in his career success and he encourages others to invest in improving their skills.
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SiliconCanals
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Amsterdam’s LUMICKS gets €20M from European Investment Bank (EIB) to accelerate drug discovery for cancer
- Amsterdam-based LUMICKS secures €20M in venture debt agreement from the European Investment Bank (EIB).
- The investment aims to accelerate drug discovery for cancer through LUMICKS' high-throughput cell avidity platform.
- The platform enables direct measurement of immune cell binding with cancer cells, optimizing therapy development.
- LUMICKS plans to utilize the funding to advance research and development and deliver impactful therapies in the immunotherapy space.
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Inc42
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Image Credit: Inc42
Onlygood.ai Raises Funds From Daimler India, IIT Madras To Strengthen Its ESG Stack
- Gurugram-based carbon management platform Onlygood.ai has raised INR 4 Cr in seed funding from IIT Madras Incubation Cell (IITMIC), Goel Group, and Daimler India Commercial Vehicles (DICV).
- The funding will support the company's expansion in India, the Middle East, and Europe, as well as its R&D plans and team growth.
- Onlygood.ai specializes in simplifying carbon management and sustainability reporting for businesses, helping them measure, track, and reduce their carbon footprints.
- The company aims to enter the European market by the end of this year and plans to raise $8-10 Mn in Series A funding in 2025 for global growth.
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Startupreporter
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Nessa Illumination Technologies Pvt Ltd Launched Smart Light and Hybrid Solar High Mast at REI Expo 2024
- Nessa Illumination Technologies Pvt Ltd has launched its Smart Light and Hybrid Solar High Mast at the Renewable Energy India (REI) Expo in Noida.
- The Smart Light, based on NB-IOT technology, is suitable for smart city projects, industries, and rural areas, offering remote monitoring capabilities and optimizing operations.
- The Hybrid Solar High Mast provides uninterrupted illumination, prioritizing green energy while offering AC power as a backup, making it ideal for highways, public spaces, and large infrastructure projects.
- Nessa Illumination Technologies demonstrates its commitment to energy-efficient and intelligent lighting solutions, aligning with global sustainability goals.
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