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Startup News
StartupDaily
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Victoria’s trial on driving under the influence of medicinal cannabis is underway
- Victoria's trial on driving under the influence of medicinal cannabis has begun.
- The $4.9 million, 18-month trial aims to analyze the impact of THC in medicinal cannabis on driving performance and road risk.
- Drivers prescribed medicinal cannabis for various conditions will undergo driving assessments and drug impairment screenings.
- Australia's legal cannabis market is projected to exceed $1.3 billion by 2030.
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StartupDaily
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Kiwi scaleup Crimson Education swots up on NZ$67 million Series D
- Editech company Crimson Education has raised NZ$67 million (A$60m) in a Series D funding round.
- The round was led by NZ investor Movac and supported by existing backers.
- Crimson Education offers college admissions consulting and tutoring, with a focus on Ivy League universities.
- The funds will be used to expand Crimson's offerings and solidify its position as a global education platform.
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StartupDaily
1w
12
‘It prevents startups from closing a deal’: the compliance ‘blockers’ that slow founders building a unicorn
- Compliance certifications such as ISO and SOC 2 are essential for startups looking to work with larger, government and heavyweight clients with tight data protocols and not having these in place can prevent startups from closing a deal.
- The compliance process, as it moves very slowly and can often spend anywhere between six to 24 months which can stop the growth of a startup.
- Automated compliance platforms like Vanta can help in reducing the certification timeline from 24 months to anywhere between one to six months.
- Founded in San Francisco in 2018, Vanta has attracted over 8,000 companies to use its services including Atlassian, Quora and ZoomInfo.
- There are two key factors that benefit startups playing a long game: integrations into a single platform and continuous compliance.
- Vanta’s API accommodates more than 360 integrations with everything from AWS to Xero, and notifications can be sent to startups immediately when they’re out of compliance.
- Through an automation system called Gen AI, Vanta can automatically answer all the questions in a security questionnaire and utilize compliance documents as the source of truth.
- When global sales and marketing platform ZoomInfo implemented Vanta’s security questionnaire automation and trust center, they reduced the amount of questions they had to answer manually by around 90%.
- Vanta is Sequoia Capital-backed and raised $150m in series C funding in 2024, giving it a $2.45bn valuation.
- Startups looking for these certifications and compliance measures can use Vanta to stay ahead of the game.
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Medium
1w
106
Image Credit: Medium
Future-Proofing Business: How to Do Capability Mapping
- Business capability mapping is a strategic reality check.
- It helps identify strengths, weaknesses, and areas for improvement.
- Capability mapping enables informed decision-making for sustainable growth.
- It transforms into a dynamic strategy guide for intentional actions.
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Medium
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182
Image Credit: Medium
Healthcare Transformed: Where AI Meets Clinical Care
- The healthcare industry is facing a shortage of 86,000 clinicians in the US by 2036, which can lead to inefficiencies in healthcare access and quality of care. AI has the potential to empower doctors with faster, better-informed decisions, and can offer scalable solutions in the face of this personnel shortage. Clinical AI can be used by clinicians as end-users or in clinical decision support tools. GenAI and LLMs are being used to improve administrative efficiencies in healthcare by streamlining lower-risk tasks like documentation and billing.
- Predominantly, AI has been applied to structured data in healthcare through AI/ML software medical devices for interpreting data from images, such as CT scans, X-rays, and MRIs. Successful startups such as Viz.ai or Aidoc have attracted significant funding and partnerships with major hospitals, health systems and technology providers leveraging these technologies. Today, emerging startups are using genAI to improve clinical decision support by interpreting vast amounts of structured and unstructured data.
- Clinical AI agents enable clinicians to expand their reach, resulting in more effective patient care, cost reductions for payors and revenue opportunities for clinicians and hospital systems through reimbursable services powered by cost-effective software. Many clinicians are skeptical of AI tools because of concerns related to their safety, reliability, and their impact on the human element in patient care. However, demonstrating how AI can serve as a supportive tool rather than a replacement can help alleviate these apprehensions.
- Calculating ROI for clinical AI tools presents a challenge compared to administrative AI tools, which have clear financial metrics. Clinical AI tools deliver benefits such as more accurate diagnoses, earlier detection, and improved patient satisfaction that take time to manifest and are harder to directly link to financial performance. Epic has built over 100 genAI projects with the goal of streamlining medical insights, charting and coding, and minimizing documentation.
- Key archetypes of a successful clinical AI company include developing tools for clinicians, offering solutions for unmet clinical use-cases, and academic medical center integration.
- Generative AI is revolutionizing healthcare, automating lower-risk tasks, improving healthcare access and streamlining administrative processes. Clinical applications of AI offer real-time insights, accurate diagnoses and treatment suggestions based on vast datasets. With the help of AI, clinicians can make faster, more informed decisions, significantly improving outcomes for everyone in the healthcare ecosystem.
- Cathay Innovation, which is backed by global biopharma leader Sanofi as an investor and strategic partner, has invested in AI-driven startups like Owkin, Inato, Nabla, Bioptimus, and Entalpic.
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Siliconangle
1w
114
Image Credit: Siliconangle
View Systems launches AI-optimized data management platform
- View Systems Inc. has launched View AI, an AI-optimized data management platform that simplifies AI processing.
- View AI can ingest and harmonize files from internal systems, making them available to machine learning models.
- The platform uses Universal Data Representation (UDI) technology to extract key elements from business documents.
- View AI offers additional features such as creating embeddings, highlighting document relationships, and enabling natural language search.
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Inc42
1w
0
Image Credit: Inc42
Dixon Technologies Floats New Subsidiary To Manufacture IT Hardware Components
- Indian electronics manufacturer Dixon Technologies has incorporated a wholly-owned subsidiary named Dixon Teletech.
- Dixon Teletech will manufacture and deal in IT hardware components, products, and equipment.
- Dixon Technologies aims to establish multiple facilities for assembling laptops to benefit from the government's production-linked incentive scheme for IT hardware products.
- Dixon is targeting a revenue of INR 3,500 Cr from its IT hardware business by FY26.
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Inc42
1w
106
Image Credit: Inc42
SEBI Cautions Public Against Unauthorised Virtual Trading Platforms
- SEBI cautions the public against unauthorised online virtual trading and gaming platforms.
- SEBI advises the public to not engage with such platforms as they are not registered with SEBI.
- Investors are warned about the risks and consequences of participating in unauthorised schemes.
- SEBI highlights that such platforms violate securities regulations and provide no investor protection benefits.
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TechCrunch
1w
238
Image Credit: TechCrunch
The brightest bling of TechCrunch Disrupt 2024
- The TechCrunch Disrupt writers this year were a bit taken aback by the notable jewelry that was shown off on stage during the event.
- Nest founder Tony Fadell was seen sporting a large ruby ring during an explosive interview when taking shots at Sam Altman.
- Mary Barra, chair and CEO of General Motors, wore two diamond rings whilst wearing an Apple Watch, reflecting the modern CEO.
- Erin Foster's wedding ring, creator of Netflix show “Nobody Wants This,” has been a bling that's brought her attention for her success in TV writing.
- Slack CEO Denise Dresser was seen wearing a unique style of rings that has gotten many talking about the fusion of style there.
- Founder and CEO of Automattic, Matt Mullenweg's watch surfaced that cost $240,000.
- Jingna Zhang, the founder of social platform Cara, is also known for her style which was highlighted by the big shiny jewel she wore alongside an all-black outfit.
- Brandie Nonnecke, the director of CITRIS Policy Lab, wore a gold, crinkle-effect earrings with a design that has become quite popular.
- It was quite clear that jewelry was a center point of TechCrunch Disrupt this year at San Francisco's Moscone North.
- Whilst the focus of the event lies within the latest tech players, uniquely styled bling captures attention as well.
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Economic Times
1w
420
Image Credit: Economic Times
Greenwashing rules push startups to reevaluate marketing and packaging strategies
- Startups in the consumer, food, and food-tech businesses are collaborating with law firms to ensure they are not breaking any eco-laws on product labels, packaging materials, and advertising content, amid shifting guidelines from the Central Consumer Protection Authority on greenwashing, a process of over-exaggeration or fabrication of environmental claims
- In October 2021, the CCPA released guidelines prohibiting companies from using terms like eco-friendly, sustainable, or natural without evidence, aiming to promote transparency
- The transparency guidelines may require some reinventing of ads or packaging, and third-party certifications or audits may be required
- The burden is also on companies to provide verifiable evidence when companies use eco-terms such as carbon-neutral or eco-friendly, which can no longer be jargon
- Startups using recycled materials are seeking advice on how to communicate the benefits without overstating their environmental impact, and those that use biodegradable materials are uncertain if they need to secure third-party certifications to support their claims
- Lawyers say that ensuring compliance will require some reworking of ads or product packaging, and that extending it to audio-visual ads will also be considered
- The guidelines differentiate puffery from false claims, suggesting that companies will benefit from the transparency, which will bolster customer and investor confidence
- Startups focusing on transparency and sustainability will have a competitive edge in attracting investment from investors
- The guidelines require companies to make material information easily accessible, via packaging and QR codes or URLs
- The extent of material information required to be disclosed is also causing confusion among startups, with many seeking advice on how to implement these disclosures
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Insider
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Image Credit: Insider
Ukraine's drone teams are operating more like tech startups than military units
- Ukrainian drone units operate more like scrappy startups than military units, with a focus on innovation, logistics, and communications.
- One drone battalion, Clear Eyes, started as unpaid civilian enthusiasts and now has workshops, a pilot-training school, and tech hubs.
- The majority of personnel in Ukrainian drone units have no military background and prioritize cleverness and technology over traditional military approaches.
- Ukraine relies on drones to gain an edge against Russia's larger military, conducting strikes and using innovative strategies to erode Russian advantages.
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VC Cafe
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408
Image Credit: VC Cafe
The Emerging Israeli AI Landscape in 2024
- Israel has over 2,150 active AI firms, about 30% of the local tech sector and attracted over 60% of all capital.
- The country is ranked 3rd globally in private AI investment, it is a top performer in the global AI market.
- Vertical AI companies attract the largest Private funding in fraud detection in finance, predictive maintenance in manufacturing, and personalized shopping experiences in retail.
- Opportunities for start-ups in Israel are in developing solutions for industries with deep domain expertise.
- Cross-industry AI is robust with opportunities as there is a significant need for end-to-end enterprise solutions.
- Challenges abound with fierce talent competition, funding sustainability, strong global competition.
- Israel AI hub faces limited Government support, funding, data training Sandboxes, and regulatory frameworks are lacking.
- The country can maintain a competitive edge through continuous innovation and adaptation.
- Focus on strengths and addressing key challenges will establish Israel as a global AI hub.
- Building in the vertical and horizontal AI categories, startups such as Hour One, Munch, Vault AI and Playo are spearheading the way.
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Npengage
1w
216
Image Credit: Npengage
Best Fundraising Tips Ever: Experts Share Ideas That Work
- Nonprofits and foundations are always looking for new fundraising strategies to connect with supporters and raise vital funds for their mission.
- Our experts offer hard-earned pointers on everything ranging from tweaking email blasts to using an expired credit card as a touchpoint.
- What works for one supporter does not necessarily resonate with another, so nonprofits need to consider their varied donor segments.
- One expert suggested sharing personal stories and experiences to connect with Gen X on a deeper level and inspire them to support fundraising efforts.
- Another expert suggested sending physical gifts to major donors that are personally hand-delivered by development staff to help further engage them.
- Events are central to nonprofit organizations’ success, accounting for 10% of overall income.
- Experts suggest increasing revenue streams by connecting with corporations, going for grants, and giving membership more attention.
- To generate more revenue and engage supporters, experts also suggest planning events that reflect organizational values and modernizing legacy events for younger supporters.
- To build a steady stream of support for cultural organizations, schools, healthcare foundations, and nonprofits, experts suggest applying marketing strategies to e-blasts, playing affinity matchmaker, and adding visitors to the prospect pipeline.
- Experimenting with fundraising ideas and sharing tips is beneficial for making a real difference in the communities served by nonprofits and foundations.
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Medium
1w
12
Image Credit: Medium
Joyce Shen’s picks: musings and readings in AI/ML, November 4, 2024
- Visa continues to deploy hundreds of AI use cases.
- Wall Street giants are planning to invest $50 billion in AI and power projects.
- MIT introduces a new method inspired by large language models for teaching robots new skills.
- Several AI startups raise significant funding rounds, including Abstract Security, CybaVerse, Vensica Medical, Casap, Auquan, Moondream, Vara, Cornerstone AI, CREW Carbon, MIND, Hotglue, Bifrost AI, Ataraxis AI, Scalpel AI, and Persana AI.
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Eu-Startups
1w
272
Barcelona’s fresh wave of innovation: 10 early-stage startups to keep an eye on
- Barcelona has become a top startup hub in Europe and home to over 2,100 startups which makes it an ideal city for entrepreneurs.
- This article highlights 10 early-stage startups based in Barcelona and founded post-2021.
- Cafler, founded in 2021, offers a streamlined solution for vehicle services allowing consumers to outsource routine vehicle tasks through a user-friendly app.
- Deale, founded in 2021, is transforming the M&A landscape for SMEs by simplifying these transactions and empowering advisors.
- Emocional, founded in 2021, is a cutting-edge HR startup focused on enhancing employee mental health and emotional well-being through real-time analysis of non-verbal cues.
- Feeder, founded in 2021, has developed a cutting-edge AI platform that uses facial recognition technology to analyze customer behavior and predict the success of video content.
- MiMARK, founded in 2021, aims to transform the diagnosis and management of gynaecological cancers with a particular focus on endometrial cancer.
- Orikine Bio, a biotechnology company launched in 2022, pioneers the development of tailored cytokines to treat immune-mediated disorders.
- Piper, founded in 2023, automates repetitive tasks for sales teams using AI-driven technology that interprets sales conversations from calls, emails, and audio notes.
- REVER, founded in 2022, aims to simplify the returns process for businesses by enabling automation and cost reduction.
- Unibo Neobank, founded in 2021, offers a fully digital platform that streamlines property management and banking services, eliminating the need for in-person transactions for real estate professionals.
- Vitaance, founded in 2021, allows companies to offer customizable employee well-being programs that foster a positive workplace culture and streamline HR operations.
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