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Wokelo raises $4M for AI-driven due diligence, sees customer traction in M&A, investing and consulting
- Seattle-area AI startup Wokelo raises $4 million in a seed round to develop and expand its AI technology for generating due diligence reports.
- Investors in the round include Array Ventures, Geek Ventures, KPMG Ventures, Rebellion Ventures, Ahead VC, and Perpetual Venture Capital.
- Wokelo's platform automates the collection and analysis of data from various sources to generate detailed reports for acquisitions, investments, and strategic decisions.
- With over 35 customers, Wokelo focuses on private markets, aiming to reduce manual research and provide deep insights for its clients.
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Alleywatch
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The AlleyWatch September 2024 New York Venture Capital Funding Report
- The average Seed round in NYC for September was $3.6M
- $107.0M was invested across early stages rounds in NYC in September
- The average Series A round in NYC for September was $11.0M
- $231.4M was invested across Series A rounds in NYC in September
- The average Series B round in NYC for September was $25.9M
- $284.4M was invested across Series B rounds in NYC in September
- The average late-stage round in NYC for September was $31.8M
- $158.8M was invested across late-stage rounds in NYC in September
- $781.7M was invested in NYC #startups in September in NYC across 67 deals
- NYC VC funding in September was -15.2% from last month and +17.1% from the same period last year
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TechUniverses
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Image Credit: TechUniverses
Creative Ways To Add Metal Features Into Your Home Design
- Metal features can make a bold statement in any space.
- Reflective backdrops like metallic wallpaper or stainless steel backsplash can provide beautiful spotlight in any room.
- Antique metallic furniture is a budget-friendly way to add one-of-a-kind pieces in living or bed room.
- Making appliances, radiators, and storage solutions part of metal design can be a good idea to make them visually appealing.
- Metal can be combined with other textiles to create a great contrast and cohesive look to any space.
- Exposed frames and inner workings can be repainted with a metallic finish or enhanced with lighting to create a dreamy steampunk aesthetic.
- Decorative yet functional accents such as statement lighting and wrought iron railings add a great touch to metallic design.
- Mix and match warm and cool metals like bronze, gold and chrome to create balance in any room.
- Get playful with metal design and experiment with what speaks to you, there are no hard and fast rules to home design.
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The Robot Report
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Image Credit: The Robot Report
Premier Automation launches Premier Labs, a venture studio for industrial robots and AI
- Premier Automation has announced the launch of Premier Labs, a venture studio focused on building businesses that utilize automation, robotics, and AI to address industry challenges.
- Premier Labs will leverage the expertise and resources of Premier Automation, including its 150 employees and access to a diverse range of customers.
- The venture studio model has seen significant growth in recent years, and Premier Labs aims to build startups from the ground up, providing start-up capital, in-house residency, and access to Premier Automation's network.
- Premier Labs is already working on commercial opportunities in metals production, manufacturing controls, and food service and is open to collaboration with manufacturing professionals, innovators, and investors focused on industrial automation.
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Hackernoon
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Image Credit: Hackernoon
Startups of The Year 2024: 1,233 Startups Nominated in São Paulo, Brazil
- HackerNoon announces nominees for annual "Startups of The Year" award in São Paulo, Brazil.
- The list includes 30 startups making significant contributions to the São Paulo economy and driving innovation.
- Startups nominated include AQUi9, Violet, Workhub Digital, and more.
- The winners will receive free interviews and a featured page on HackerNoon.
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Insider
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Image Credit: Insider
Business Insider is seeking nominations for the 2024 rising stars of venture capital
- Business Insider is seeking nominations for the 2024 rising stars of venture capital.
- Insider is putting together a list of the best up-and-coming venture capitalists of 2024.
- They are looking for US-based VCs skilled at dealmaking at both large and small funds.
- Nominations can be submitted via an online form until October 25.
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TechCrunch
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Image Credit: TechCrunch
Zap Energy shows off its new fusion power prototype, Century
- Zap Energy has created a new device for fusion power known as sheared-flow-stabilized Z-pinch.
- With a $130m Series D fundraise, the startup recently gave TechCrunch an insight into its Century prototype.
- The device sends a bolt of electricity through a plasma stream, rather than a laser or magnet.
- The company has previously studied the phenomenon through a series of devices at its facilities in Washington.
- The company’s commercial-scale module, which should produce 50-megawatts of electricity, will occupy a similar footprint.
- The prototype needs to hit three milestones to remain on track to a commercial power output.
- First, Zap needs to generate high-voltage pulses frequently and continuously.
- Next, it needs to demonstrate the technology for the US Department of Energy.
- Lastly, the company needs to ensure that its electrodes can withstand the heat and particles unleashed by each fusion reaction.
- Century has already fired 1,080 consecutive pulses in its initial tests.
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ISN
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Image Credit: ISN
LC Nueva Investment Partners launches new fund to invest in 10-15 high-growth startups
- LC Nueva Investment Partners launches the LC Nueva Momentum Fund with a target corpus of Rs 150 crore ($18 million) and an additional greenshoe option of Rs 100 crore ($12 million).
- The fund aims to support 10-15 startups at the Series A and B stages and will focus on reinvesting in startups that have demonstrated growth and improved operational performance.
- LC Nueva Momentum Fund will explore adjacent market opportunities and secondary market investments, with a particular focus on the Indian secondary market.
- The trend of institutional secondary investors purchasing private secondary portfolios is accelerating rapidly in India, with a significant rise in portfolio secondaries observed.
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Yourstory
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Image Credit: Yourstory
Here’s how government-led initiatives are propelling startup growth in Rajasthan
- iStart Rajasthan has entered the AVGC industry to support startups in the state.
- The government has allocated Rs 1,000 crore to establish infrastructure and provide support.
- Rajasthan has seen a 35% year-on-year increase in startups and was ranked as a Top Performer.
- The state aims to empower 50,000 youth in AVGC and other cutting-edge technologies.
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ISN
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AI product design startup Figr raises $2.25 million in a Seed round
- Bengaluru-based AI product design startup Figr has raised $2.25 million in a seed funding round led by Kalaari Capital, with participation from Antler, Golden Sparrow, and several angel investors.
- The funding will be used to enhance Figr's AI-powered design platform and support the expansion of its product and growth teams.
- Figr aims to streamline the design process for UI/UX professionals worldwide by automating non-creative tasks and allowing designers to focus on the creative aspects of their work.
- With over 75,000 signups and more than 500,000 queries processed on its platform, Figr plans to achieve $1 million in annual recurring revenue within the next year.
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Yourstory
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Image Credit: Yourstory
Airtel's AI flags 115 million spam attempts in TN within 12 days
- Bharti-Airtel has identified over 112 million potential spam calls and 3 million spam short messaging services in Tamil Nadu in the last 12 days.
- Airtel's AI-powered spam detection system uses an algorithm to classify calls and SMS as 'suspected spam' by analyzing various parameters based on customer usage patterns.
- By cross-referencing information against known spam patterns, the system accurately flags suspected spam calls and SMSes.
- Airtel aims to provide customers with peace of mind and protect them from falling victim to malicious actors, ensuring maximum defense against spam and fraud threats.
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Startupreporter
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Image Credit: Startupreporter
Understanding Acute Myocarditis in Children: A Rare but Serious Condition
- Cases of acute myocarditis—a rare but potentially life-threatening heart condition—are being reported more frequently in children across the region.
- Acute myocarditis is an inflammation of the heart muscle, often caused by viral infections, bacterial infections, or autoimmune disorders.
- Symptoms of acute myocarditis in children include cough or cold symptoms, chest pain, shortness of breath, fatigue, fever, pale or cool skin, irritability, and rapid or irregular heartbeat.
- Early detection and treatment of acute myocarditis are crucial. Diagnosis can be challenging, but advanced imaging techniques like Cardiac Magnetic Resonance Imaging (CMR) and blood tests can help. Treatment often involves supportive care in an ICU, medication to improve heart function, and in severe cases, intravenous immune globulin (IVIG) or extracorporeal membrane oxygenation (ECMO).
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Yourstory
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Image Credit: Yourstory
SPRY Therapeutics bags $15M from Flourish Ventures, others
- SPRY Therapeutics, an AI-driven practice management platform, has raised $15 million in funding from Flourish Ventures, Together Fund, Fidelity's Eight Roads, and F-Prime Capital.
- The total funding for SPRY Therapeutics now stands at $25 million since its launch in 2021.
- The funding will be used to support the company's expansion across the US market.
- SPRY Therapeutics provides an end-to-end patient and practice management platform for physical therapists, offering automation for billing processes and addressing patient engagement and reporting.
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Yourstory
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Image Credit: Yourstory
IVF healthcare provider A4 Hospitals receives growth fund from 360 ONE’s Healthcare Opportunities Fund
- Tamil Nadu based IVF healthcare provider A4 Hospitals has raised growth capital funding from 360 ONE Asset’s healthcare and life sciences-focused private equity fund.
- The funds will be used to expand operations across southern India over the next few years.
- A4 Hospitals, led by Dr. Aruna Ashok, offers a range of fertility treatments and maternity care.
- The hospital chain currently operates in eight centers and aims to bring advanced fertility treatments across South India.
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Yourstory
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Image Credit: Yourstory
Samunnati bags Rs 1,123 Cr in H1 FY25, onboards 14 new lenders for agri-finance growth
- Agri-finance startup Samunnati raised Rs 1,123 crore in debt funding in H1 FY25.
- The funds will help Samunnati expand its operations and advance its vision of sustainable growth and rural development.
- Samunnati has onboarded 14 new lenders this financial year, including prominent banks and impact lenders, and has dished out loans totaling Rs 480 crore.
- With over 100 agri-value chains across 23 states, Samunnati has access to over 6,500+ farmer collectives with over 8 million farmers.
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