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Medium
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GD1 Investment Notes: Alimetry
- Alimetry is a groundbreaking solution for diagnosing gastrointestinal disorders.
- It utilizes a wireless reader and a flexible array of sensors to monitor the electrical signals of the gut during gastric emptying.
- The system provides real-time diagnostic insights, helping gastroenterologists pinpoint potential causes of gastrointestinal distress.
- Alimetry has received regulatory and reimbursement progress, allowing for expansion in the U.S. market and adoption in hospitals and clinics.
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TechCrunch
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Fei-Fei Li picks Google Cloud, where she led AI, as World Labs’ main compute provider
- Fei-Fei Li's World Labs selects Google Cloud as its primary compute provider.
- World Labs will use Google Cloud Platform to train spatially intelligent AI models.
- The deal with Google Cloud is not solely based on Fei-Fei Li's previous role at the company.
- Google Cloud offers AI startups the choice between TPUs and Nvidia's GPUs.
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Pymnts
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Amazon Vet Dave Clark Launches Supply Chain Startup Auger
- Former Amazon and Flexport executive Dave Clark is launching a supply chain software startup.
- Auger aims to consolidate various software used in supply chain management into one platform.
- Clark believes that there is still a significant reliance on Excel for supply chain management.
- Auger aspires to offer a user-friendly supply chain management platform with integrated systems.
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Hitconsultant
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Maven Clinic Secures $125M to Expand Women’s and Family Health Services
- Maven Clinic secures $125M in Series F funding led by StepStone Group.
- Maven Clinic offers a comprehensive platform for women's and family health, covering the entire reproductive life cycle.
- The funding will be used to expand Maven's platform and invest in areas such as fertility benefits administration, personalized care, and value-based offerings.
- Over 2,000 clients in 175 countries trust Maven Clinic, including Amazon, Microsoft, and Morgan Stanley.
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Inc42
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PhonePe Partners ICICI Bank To Offer Credit Line On UPI For Select Users
- PhonePe has partnered with ICICI Bank to offer credit-on-UPI for select customers.
- The service is available for pre-approved customers on the PhonePe app.
- Customers can avail a credit line of up to INR 2 Lakh with a repayment period of 45 days.
- The collaboration aims to expand offerings, tap into new customers, and enable high-value purchases.
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Gritdaily
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Piwik PRO Teams Up with Acquia to Tackle Website Accessibility and Data Privacy
- Piwik PRO and Acquia have partnered to address website accessibility and data privacy.
- Piwik PRO integrates with Monsido by Acquia, enabling marketers to create inclusive and optimized digital experiences while maintaining privacy compliance.
- The integration provides robust analytics for monitoring user behavior and compliance tools for ensuring a smooth digital experience for all users.
- Future plans include deepening the integration to offer a comprehensive solution for balancing privacy, accessibility, and performance.
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Medium
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Unlocking Tax Credits for Everyone with AI: Our Investment in SPRX
- SPRX is an AI-driven software solution that aims to simplify the tax credit application process.
- The platform automates over 80% of manual tasks, reducing time and complexity.
- Billions of dollars in R&D tax credits go unclaimed annually, representing a missed opportunity.
- SPRX's goal is to democratize access to tax credits and catalyze innovation across industries.
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Hackernoon
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Startups of The Year 2024: 1,317 Startups Nominated in Cybersecurity Services & Products Industry
- HackerNoon has announced the nominees for its annual "Startups of The Year" award in the Cybersecurity Services & Products industry.
- The list includes 30 startups that are driving innovation in the industry.
- Nominations are open until October 31st, 2024, and winners will be announced in April 2025.
- Being nominated provides credibility, exposure, and various benefits for the startups.
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TechCrunch
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Former Google Maps team members get Sequoia backing to build out an AI-powered collaboration board
- A team of former Google Maps engineers has raised $6M for Cove, an infinite board interface designed to make AI bots more helpful in collaborative spaces.
- The team, who worked on Google Maps' Street View feature and later joined Uber, believe AI can be particularly useful for planning, writing, storyboarding, and research.
- Cove has incorporated an AI-powered chatbot which offers prompts to help users begin a project, such as trip or gift planning.
- Users looking to plan a trip can generate cards, complete with itinerary and information on meal planning, packing essentials and places to visit.
- Cards can be edited, duplicated or referred to again in later conversation threads.
- PDFs, links and images can all be added, and the boards can be shared with collaborators via a link, with permissions tailored to the individual.
- Cove also offers a Chrome extension functionality, enabling users to feed the AI by asking it to evaluate web content while they browse.
- AI models from OpenAI, Anthropic, Meta (Llama) and Perplexity are used by Cove.
- Cove's offering is designed to make AI a thought partner and collaborator rather than oracle, said Jess Lee, Sequoia's lead investor for this round.
- The service is currently desktop-only, and users can sign up for free with a limit of 100 cards. Paying $10 a month unlocks unlimited cards and new features.
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TechCrunch
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Unify, an OpenAI Converge accelerator grad, lands $12M for ‘warm outbound’ messages
- Unify, an AI-powered startup, has raised $12 million in Series A funding.
- The funding round was led by Emergence Capital and Thrive Capital, with participation from other investors.
- Unify aims to use data to help sales teams generate leads and close deals faster.
- The company differentiates itself by offering 'warm outbound' messaging, utilizing personalized content and data sources.
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Inc42
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magicpin Clocks 1.5 Lakh Daily Food & Logistics Orders On ONDC
- Hyperlocal delivery startup magicpin is processing 1.5 Lakh daily food and logistics orders on ONDC.
- The number of orders on magicpin's platform has increased 1500X in the past 16 months.
- magicpin has reached 70,000 restaurants on ONDC, up from 22,000 in March last year.
- The company fulfills 90% of food orders from major buyer apps and plans to onboard 1 Lakh new restaurants on ONDC.
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Insider
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Influencers are swiping a new black card at restaurants, spas, and fitness studios
- OTH Network has introduced a new card that influencers can use to redeem products and services.
- The influencer-focused fintech platform uses AI to match brands and creators, allowing influencers to spend their payment in person at partnered businesses.
- The OTH Network app provides offers from local businesses, and influencers can create sponsored content to earn payment, which is added to their account.
- The closed platform has a waiting list, and influencers receive a black and gold card to redeem products and services at partnered businesses.
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Geek Wire
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CleanTech Alliance awarded $2.5M to create carbon-focused business hub in Washington state
- The CleanTech Alliance in Washington state has been awarded a $2.5 million grant from the U.S. Small Business Administration (SBA) to launch a hub focused on carbon removal, storage, and utilization.
- The hub, called Washington Energy - Carbon Advancement Network (WECAN), will receive $500,000 per year over five years to fund staff and programming.
- This is the only SBA grant of its kind granted in the Pacific Northwest region.
- The region is already home to various carbon-related startups, including those focused on sustainable aviation fuel, carbon capturing devices, carbon extraction from the ocean, and carbon removal from the air.
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TechCrunch
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Sandra Lin from KiwiCo talks why STEM toys are big business
- KiwiCo, co-founded by Sandra Lin, is a subscription company that provides STEM-based educational toys.
- The company aims to encourage creativity, critical thinking skills, and hands-on playtime for children.
- Sandra Lin started the business based on the suggestion of a fellow mom during playdates.
- KiwiCo has raised venture funding but now focuses on self-funding its growth.
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Inc42
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401
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boAt’s FY24 Loss Nearly Halves To INR 54 Cr
- Audio products and smartwatch maker boAt reduced its net loss by 47% to INR 53.6 Cr in FY24.
- boAt turned EBITDA profitable in FY24 with INR 14.04 Cr EBITDA compared to a loss of INR 50.21 Cr in FY23.
- The startup's revenue declined by 5% to INR 3,121.6 Cr in FY24 from INR 3,284.7 Cr in the previous fiscal year.
- boAt is preparing for its IPO in 2025 after the approval of its INR 2,000 Cr IPO by SEBI in May 2022.
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