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Startup News
Medium
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Why Cluey’s Not Cheating, It’s Winning the Future
- Cluey was initially seen as a potential scam promising to cheat at everything, but trying it changed perceptions.
- Contrary to expectations, Cluey is focused on being at the forefront of innovation rather than promoting cheating.
- Cluey operates as a behind-the-scenes utility seamlessly integrated with various apps, ready to assist at all times.
- The key feature of Cluey is its anticipatory nature and seamless integration into the user's workflow, resembling a helpful teammate.
- It is not a conventional chatbot but a futuristic tool aimed at enhancing daily AI habit formation.
- Cluey is marketed as a form of rebellion as a service, emphasizing effortless AI utilization for improved workflow.
- A16Z, a well-known venture capital firm, was attracted to Cluey for its potential to revolutionize future workflow processes.
- Although some individuals may misuse Cluey for cheating, its broader focus lies in shaping future workflow experiences.
- The inevitability of widespread adoption suggests that similar AI agents will become commonplace in the future.
- Cluey's distinction lies in being an early contender in introducing and popularizing such innovative AI tools.
- The prevalence of AI agents like Cluey signals a shift towards a new digital era rather than a moral decline.
- Cluey's success represents an important turning point and advancement towards futuristic workflow integration.
- Cluey's approach is not a moral shortcoming but a significant advancement in the evolution of digital tools and workflows.
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Siliconangle
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Medical AI startup Abridge closes $300M investment at $5.3B valuation
- Medical software developer Abridge Inc. raised $300 million in funding led by Andreessen Horowitz, valuing the startup at $5.3 billion.
- The investment included Khosla Ventures and saw Abridge's valuation nearly double since its previous funding round.
- Abridge's AI platform, the Contextual Reasoning Engine, automates tasks like recording patient conversations and generating medical notes.
- The platform offers customization options based on user requirements and can enrich text with data from earlier medical notes.
- Abridge automates tasks such as drafting medical orders, syncing documents to electronic health record systems, and generating ICD-10 codes.
- The company also generates medical billing codes, condensing clinical information for ease of management in healthcare organizations.
- Abridge tests platform updates rigorously with medical professionals to minimize AI errors and refine its output quality.
- The funding will be used to develop more features for the platform, with a focus on easing the process of generating medical billing codes.
- Abridge's CEO highlighted the importance of capturing signals in medical conversations, allowing clinicians to focus on crucial moments.
- The company plans to leverage the investment to enhance its platform and further support healthcare professionals.
- SiliconANGLE Media is a key player in digital media innovation and technology content creation for elite tech professionals.
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Gritdaily
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Why Smart Contracts Might Be Your Next Sitemap
- Search engines now crawl structured data and rely on sitemaps to understand content, but what about projects not built on websites.
- Smart contracts are being used like sitemaps, organizing public data and aiding in content discovery.
- By embedding metadata, smart contracts become structured data hubs, eliminating the need for middle layers.
- This approach enhances content discoverability, indexing, and display in a trustless manner.
- Projects can leverage smart contracts for on-chain SEO strategies, improving visibility in Web3-native search tools.
- Smart contracts can carry various structured data beyond token traits, enhancing project discoverability.
- Using smart contracts as data sources benefits Web3 marketplaces, improving trust and accuracy in listings.
- By storing metadata in smart contracts, projects can appear more accurately in decentralized search engines.
- Various projects are utilizing contract-level metadata for enhanced functionalities and transparency.
- Smart contracts offer a new way for central banks to manage policy tools effectively in a tokenized economy.
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TechCrunch
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India’s GoKwik raised a small $13M round for a hefty leap in valuation
- GoKwik, an Indian startup offering e-commerce products, raised a $13 million 'growth' round, increasing its valuation to $450 million pre-money.
- The funding round was led by RTP Global and included existing investors Z47, Peak XV Partners, and Think Investments, bringing the total fundraising to $68 million since 2020.
- GoKwik attracts investors by helping companies establish an online presence and enter the direct-to-consumer (D2C) space, a market expected to reach $60 billion in India by 2027.
- The startup serves over 12,000 paying merchants globally, offering SaaS products to set up online stores and facilitate online payments, returns, and various checkout options.
- Notable customers of GoKwik include Lenskart, Honasa Consumer, Lakmé, Pepe Jeans, and Xplosive Ape.
- While some GoKwik products overlap with competitors, its integrated suite encourages customers to purchase multiple solutions, driving revenue growth by 20% annually to over $30 million ARR.
- The startup has processed a cumulative gross merchandise value of $2 billion, with a focus on prepaid payments and integration with the Unified Payments Interface in India.
- With the latest funding, GoKwik plans to expand into new markets like Germany, France, and Latin America, enhance AI capabilities, and offer a global checkout solution for Indian merchants.
- GoKwik aims for profitability within 18 months, with plans to go public in the next 3–5 years. It currently has close to $35–$37 million in the bank with around 400 employees.
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TheStartupMag
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Local SEO Best Practices for Small Businesses in 2025
- Local SEO in 2025 is crucial for small businesses to thrive and be easily discoverable in local searches.
- Google Business Profile is vital - claim, verify, fill out completely, keep it current for better search visibility.
- Encourage and respond to reviews to build trust and credibility with potential customers.
- Maintaining consistent Name, Address, and Phone Number (NAP) across all online listings is essential for legitimacy.
- Consider hiring a professional SEO company to handle the technical aspects of SEO for better results.
- Local SEO success is achieved through strategic steps like optimizing profiles, obtaining genuine reviews, and ensuring data consistency.
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TheStartupMag
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412
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Opinion: AZA CEO Daniel Ashe’s Dangerous Appeasement Strategy
- AZA CEO Daniel Ashe's leadership has been criticized for pursuing an appeasement strategy towards organizations that seek to eliminate zoos and aquariums.
- Ashe's approach involves legitimizing anti-zoo movements by allowing them platforms at AZA events, despite their goal of shutting down zoos.
- His involvement in a Swaziland elephant import article backfired, leading to negative portrayals of zoos and the transfer program.
- Ashe's connection with PETA, a group that litigated against elephant transfers, exposes his strategic blindness.
- The consequence of Ashe's appeasement strategy includes harm to AZA members, their facilities, and their conservation efforts.
- His actions not only weaken the industry's position in public debates but also threaten the conservation mission of accredited zoos.
- The comparison to Neville Chamberlain highlights Ashe's misunderstanding of dealing with ideological opposition.
- The article argues that professional associations like AZA should advance their members' interests, not legitimize those seeking to harm their work.
- Ashe is urged to abandon his appeasement strategy or AZA to seek new leadership to avoid further damaging the organization and its members.
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TechCrunch
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In just 4 months, AI medical scribe Abridge doubles valuation to $5.3B
- Abridge, an AI startup automating medical notes, secures $300 million in Series E funding at a valuation of $5.3 billion.
- The round was led by Andreessen Horowitz with participation from Khosla Ventures, following a previous fundraise in February at a $2.75 billion valuation.
- Abridge, founded 7 years ago, is a leader in the AI-powered medical scribe market, known for its integration with Epic Systems, a prominent health record software.
- In Q1, Abridge reached $117 million in contracted annual recurring revenue, showcasing significant growth and adoption in the market.
- The company also announced an expansion into converting medical notes into AI-powered medical codes, positioning itself against competitors like CodaMetrix.
- Abridge's technology is utilized by over 150 major health systems in the U.S., demonstrating widespread adoption within the healthcare industry.
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Pymnts
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Capchase Acquires Vartana to Grow Tech-Powered Vendor Financing Offerings
- Capchase has acquired Vartana to enhance its tech-powered vendor financing offerings.
- The acquisition aims to accelerate product roadmap and market expansion.
- The move combines Vartana's vendor financing platform with Capchase's offerings for B2B software and hardware companies.
- Capchase CEO highlights faster approvals and automation benefits for sales and finance teams.
- Both companies utilize API- and AI-driven platforms integrated into sales workflows and CRMs.
- The merged entity will provide digitized vendor financing workflows meeting B2B buyers' demands.
- The focus is on offering flexible and tech-enabled financing options to vendors.
- The collaboration intends to support a larger number of businesses with improved financing capabilities.
- Capchase previously secured a credit facility to aid SaaS vendors in the UK and Europe.
- In a separate move, Capchase partnered with Stripe for a B2B buy now, pay later payment method.
- Additionally, Capchase collaborated with WeTransact to provide capital and payment services to B2B SaaS providers.
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Inc42
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14
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CCI Clears Manipal Group’s Proposal To Buy Stake In Aakash
- The Competition Commission of India (CCI) has approved Manipal Group’s proposal to acquire a stake in Aakash Educational Services from its founder JC Chaudhry.
- Manipal Group, led by Ranjan Pai, already holds about 40% stake in Aakash.
- Ranjan Pai invested $300 Mn to make Aakash debt-free and now has a controlling interest in the coaching chain.
- Aakash is currently seeking to raise INR 500 Cr for its operations, but faces opposition in making changes to its articles of association.
- The National Company Law Tribunal (NCLT) has temporarily halted changes to Aakash's shareholding or AoA.
- BYJU’S, which previously owned Aakash and is undergoing insolvency proceedings, has raised concerns over further reduction in its ownership.
- BYJU’S counsel argued that changes in Aakash's shareholding would dilute its stake and questioned alterations to AoA.
- The National Company Law Appellate Tribunal (NCLAT) recently rejected BYJU’S appeal against NCLT’s consent order.
- Aakash, post the Manipal Group's investment, is in a strong position with no debt and seeking fresh funds for operations.
- CCI’s approval for Manipal Group’s acquisition of stake comes amidst Aakash's fundraising efforts and regulatory challenges.
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Pymnts
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276
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Orus Raises $29 Million to Expand Small Business Insurance Platform
- Paris-based digital insurer Orus raised 25 million euros (about $29 million) in a Series B funding round to support its pan-European expansion.
- Orus offers customized insurance solutions for small- to medium-sized businesses (SMBs) with plans to expand beyond France into Spain and other European markets by 2026.
- CEO Côme Dartiguenave highlighted the need for more transparent, efficient insurance solutions for SMBs.
- Orus is introducing a new broker platform to enhance its digital capabilities and provide brokers with tools for streamlined client management.
- The funding round was led by Singular with Orus aiming to redefine commercial insurance with its digital platform.
- Orus' Series B funding follows a previous Series A round in October 2023, enabling the expansion of its insurance product portfolio.
- In a separate development, French embedded insurance startup Neat secured 50 million euros to offer white-label insurance services to retailers and companies.
- Vitesse, a London-based company, completed a $93 million Series C funding round to enhance its treasury and payment solutions for the insurance sector.
- The developments in the insurance space indicate a growing trend towards digital and embedded insurance services tailored for various industries.
- Orus is strategically positioning itself to meet the evolving needs of SMBs through technology-driven insurance solutions.
- The expansion plans of Orus and similar companies reflect the demand for efficient and transparent insurance offerings across Europe and beyond.
- The increased funding received by Orus signifies investor confidence in its approach to disrupting the SMB insurance sector.
- Innovation and digital transformation are key drivers in reshaping the commercial insurance landscape, as demonstrated by the recent funding announcements.
- Fintech companies like Orus, Neat, and Vitesse are at the forefront of revolutionizing traditional insurance practices through advanced technology.
- The focus on user experience and speed in obtaining insurance quotes highlights the importance of tailored, efficient services in the industry.
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Medium
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The making of colorpages.app
- The article discusses the creation of colorpages.app, driven by the founder's observation of the popularity of coloring activities online.
- Recognizing the significant search demand for coloring pages, the founder decided to cater to a diverse audience including parents, teachers, and Amazon sellers.
- Emphasizing benefits over features, the website offers a user-friendly interface focused on user needs and motivations.
- The strategic use of SEO and thematic organization through slug pages enables efficient content generation and optimization.
- The author highlights the importance of leveraging automation and metadata to streamline processes and enhance SEO efforts.
- The development process involved utilizing Typescript, NextJS, Supabase, and Stripe for different functionalities within the application.
- The article underscores the value of adopting a tech-minimalistic approach for efficient product creation and scalability in a competitive environment.
- The focus on pragmatic problem-solving and managing complexity reflects a deliberate and impactful build process for colorpages.app.
- The founder encourages sharing insights with others in the tech community and welcomes feedback on the colorpages.app platform.
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Inc42
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337
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MakeMyTrip To Pay $3 Bn To Repurchase Stake: Trip.Com Group
- MakeMyTrip (MMT) will pay nearly $3 Bn to repurchase shares from Trip.com Group.
- Trip.com amended its share repurchase agreement with MMT.
- MMT is set to pay approximately $3 Bn for the repurchase.
- Trip.com expects the transaction to be completed by early July 2025.
- After the repurchase, Trip.com will retain ownership of nearly 16.90% in MMT.
- MMT previously announced plans to raise funds to buy back stake from Trip.com.
- MMT recently raised $3.1 Bn to repurchase Class B shares from Trip Group.
- MakeMyTrip was initially set to issue 14 Mn primary shares but increased it to 18.40 Mn.
- Trip.com will remain the largest minority shareholder in MMT even after reducing its stake.
- MMT is yet to officially disclose the closure of the deal.
- MMT accelerated the repurchase agreement after allegations related to data security were made by EaseMyTrip cofounder.
- MMT denied the allegations of data exposure due to Chinese ownership.
- MMT's board includes founder Deep Kalra, CEO Rajesh Magow, Moshe Rafiah, and four Chinese directors.
- The dispute arose amid tensions between India and Pakistan, following a terrorist attack.
- In summary, MakeMyTrip is repurchasing shares from Trip.com Group for $3 Bn amidst ongoing developments in the ownership structure.
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Gritdaily
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A Visionary Pivot: How Seeking’s Founder Is Shaping a Stronger Future
- Seeking.com, a unique player in the online dating scene, has undergone a significant transformation under its founder's vision.
- Brandon Wade launched Seeking.com in 2006 to address the challenges he faced in dating, focusing on achievement over appearance.
- Initially attracting more women than men, Seeking.com promised clarity, honesty, and lifestyle compatibility but drifted towards 'sugar dating.'
- Wade's personal transformation through meeting Dana Rosewall led to a pivot towards intentional love, focusing on values and emotional alignment.
- Seeking.com removed transactional dating, emphasizing values, purpose, and emotional maturity over financial arrangements.
- The platform now advocates for intentional relationships, filtering out scammers and fostering genuine connections based on shared values.
- The shift towards intentional love reflects Wade and Rosewall's personal values and commitment to promoting meaningful relationships.
- Seeking.com's new direction embraces complementary hypergamy, where partners bring different but respected forms of value to the relationship.
- The goal is to combat modern dating fatigue by offering depth, clarity, and a sense of direction in building intentional relationships.
- Seeking.com hopes to redefine love as a commitment and decision, moving away from shallow connections towards long-term partnerships.
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Gritdaily
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Why Smart Capital Is Targeting Multi-Asset Juniors in the Gold Cycle Ahead
- Gold prices are performing better today than they did five years ago, attracting investor interest in the gold cycle ahead.
- Investors looking to capitalize on the gold cycle should consider junior miners for potentially higher returns, despite higher volatility.
- Multi-asset explorers, with diversified portfolios, tend to perform well, offering high risk-high reward opportunities.
- Axcap Ventures, a multi-asset explorer, holds multiple gold projects in the US and Canada, potentially poised for success.
- Exploration is where value creation in the mining industry happens, making juniors with discoveries appealing for investment.
- Major mining companies may need to acquire juniors for new deposits, leading to stock price rallies and investor benefits.
- With a robust gold price and flowing credit in the economy, junior miners, particularly multi-asset explorers, present promising investment opportunities.
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Hitconsultant
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Abridge Secures $300M to Embed Revenue Cycle Intelligence into Clinical Conversations
- Abridge secures $300M in Series E funding led by Andreessen Horowitz to embed revenue cycle intelligence into clinical conversations.
- The funding will accelerate efforts to transform care delivery, documentation, and reimbursement from the point of care.
- U.S. healthcare annually spends around $1.5 trillion on administrative costs, with a significant portion linked to clinical documentation and revenue cycle management.
- Abridge's platform integrates revenue cycle intelligence into clinical conversations to streamline documentation and billing processes, reducing clinician burden and improving reimbursement speed.
- The Contextual Reasoning Engine within Abridge supports the latest guidelines and risk adjustment models, ensuring compliant documentation during patient conversations.
- By capturing relevant HCC codes and evidence during conversations, the platform facilitates accurate claims submission without the need for post-visit queries, aiming to expedite reimbursement cycles and reduce denials.
- Abridge has successfully deployed its AI platform in 150 large health systems, serving conversations in various specialties and languages.
- The platform is expected to support over 50 million medical conversations this year, with over 90% of clinicians continuing to use it after adoption.
- Abridge aims to alleviate the documentation burden on clinicians, allowing them to focus on patient care with its background signal activation and complexity handling.
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