Newnex's round-up of Startups Funded19 September 2023Conigital, a pioneering British driverless vehicle company, has recently revealed its impressive achievement of securing £500 million in Series A+ funding, a blend of equity and debt. This substantial investment materialized through a strategic partnership with a prominent global Private Equity infrastructure firm overseeing £150 billion in assets. Additionally, Conigital has established strategic academic collaborations with various institutions, including Coventry University, University of Essex, and Queensland University of Technology. Notably, the company also engages in collaborative efforts with industry leaders AWS and BT, providing cutting-edge cloud and 5G communications infrastructure. Open Cosmos, a UK-based satellite company, has successfully raised $50 million in its Series B funding round to fuel its international growth and enhance its capabilities in providing solutions for monitoring and addressing climate change. The funding was secured from a group of investors, including ETF Partners, Trill Impact, A&G, Accenture Ventures, Banco Santander InnoEnergy Climate Tech Fund, and Claret Capital Partners, with notable participation from Taavet Hinrikus and Kheng Nam Lee. Caeli Energie, a deep-tech startup headquartered in Grenoble, France, has successfully secured €10 million in its second funding round. The funding comes from a consortium of notable investors, including Asterion Ventures, Starquest, Bpifrance, and Rise PropTech. Caeli Energie is dedicated to revolutionizing air conditioning technology, replacing polluting systems with eco-friendly, low-carbon technology proudly made in France.Thirona, headquartered in Nijmegen, specializes in utilizing artificial intelligence (AI) for advanced analysis of thoracic CT images. The company recently disclosed securing €7.5 million in a new funding round. Notably, HERAN Partners and Borski Fund contributed €5 million as investors, while an additional €2.5 million grant was awarded by the European Innovation Council (EIC). Charac, the NHS-integrated pharmacy app focused on easing operational challenges for independent community pharmacies, has secured £1.2 million in a financing round encompassing both debt and equity. This fresh funding injection is a result of a collaborative effort between the National Pharmacy Association (NPA) and individual pharmacy owners, culminating in a cumulative funding milestone of £2.5 million. Swiss robotics startup Asento has introduced its latest workforce addition, the autonomous security patrolling robot known as Asento Guard, aimed at addressing the significant labor shortage of security guards, a challenge experienced by many countries with a 52 percent decrease in their security workforce. To make this innovative venture a reality, the startup successfully secured $4.3 million in funding. This pre-seed funding round was led by Wingman Ventures and Playfair Capital, with notable participation from Tim Kentley-Klay, founder of Zoox (acquired by Amazon); robotics industry veteran Ryan Gariepy, CTO & co-founder of Clearpath Robotics and OTTO Motors; Daniel Kottlarz, founder of MYBOTSHOP; and Tobias Redlin, founder of IGO3D. Additionally, Asento received non-dilutive funding from the Swiss Innovation Agency Innosuisse and the European Space Agency incubator ESA BIC. Cleafy, a Milan-based technology company specializing in proactive fraud prevention for digital banking, has successfully raised €10 million in funding. Leading this investment round is United Ventures through the fund UV T-Growth. The funding infusion will facilitate Cleafy's expansion into new markets and advance the development of its technology platform. Goldilock, a British cybersecurity firm, has recently achieved a significant milestone by securing $1.7 million in funding in a Seed round. This funding round is supported by prominent investors, including the Harvard Business School Alumni Angels of Greater NY and New York Angels.Tallinn-based cybersecurity company Binalyze, which specializes in digital forensics and incident response solutions, has successfully secured $19 million in a Series A funding round, further advancing its market presence. In total, Binalyze has raised nearly $31 million since the beginning of 2021. Leading the Series A round is Molten Ventures, with participation from existing investors Earlybird Digital East and OpenOcean, along with new investors including Cisco Investments, Citi Ventures, and Deutsche Bank Corporate Venture Capital. UK-based sustainable tech platform Raylo has secured £5.2 million in its latest funding round, comprising both cash and media-for-equity components. This funding round was led by Macquarie and Channel 4 Ventures, with an additional crowdfunding campaign in the pipeline.Kuano, a drug discovery company, has successfully concluded a £1.8 million seed funding round. The company's unique approach integrates quantum mechanics and AI to revolutionize the development of future medicines, with a primary emphasis on visualizing and modeling enzymes. The funding round was spearheaded by Mercia Ventures and featured participation from ACF Investors, Ascension Ventures, o2h Ventures, Meltwind Advisory LLP, along with several Angel investors.IOMED, a frontrunner in AI-powered healthcare data activation technology, has recently announced the successful closure of its Series A investment round, amassing a total of €10 million in funding. The round was prominently led by Philips Ventures, the venture capital division of health technology giant Philips, along with XTX Ventures, the venture capital branch of leading algorithmic trading firm XTX Markets. Additional contributions came from Fondo Bolsa Social, Redseed, and existing investors Adara Ventures and EASO Ventures. Moreover, IOMED secured an additional grant of nearly €1 million from red.es to support a research and development initiative in artificial intelligence.French battery startup Verkor has announced securing over $2.15 billion in funding to construct its gigafactory in Dunkirk, with a substantial portion raised through a capital increase involving investors like infrastructure funds and insurers. This funding package comprises 850 million euros in capital, marking it as the largest-ever fundraise for a French tech startup, as stated by a French government source. Additionally, it includes 600 million euros in loans provided by the European Investment Bank (EIB) and 650 million euros in state subsidies, pending approval from the European Commission. Notable contributors to this increase in funding include Fonds Strategique de Participations (FSP), an alliance of seven French insurance companies specializing in innovative industrial players, and maritime transport group CMA CGM, alongside existing shareholders like Renault and Bpifrance. Oslo-based startup Databutton, has successfully secured $5.1 million in a Seed funding round to advance its mission of democratizing AI-based assistants, chatbots, and automation technologies. The $5.1 million Seed round was backed by Skyfall Ventures in Oslo and Maki .vc in Helsinki.Swiss climate tech startup viboo has recently concluded a seed funding round, amassing €1.7 million in investment. Notable contributors to the funding round include High-Tech Gründerfonds, Swisscom Ventures, and Rainmaking Impact. ColibriTD, a Paris-based startup in the burgeoning Quantum-as-a-Service sector, has secured €1 million in a Seed funding round. The funding round was spearheaded by Earlybird Venture Capital's Earlybird-X fund, in conjunction with a consortium of undisclosed angel investors.Swap Language, headquartered in Aarhus, Denmark, and specializing in language training, has unveiled the successful closure of a €2 million Seed funding round. The round was prominently led by Mediahuis Ventures in Amsterdam and Sparkmind .VC in Helsinki. Swap Language's strategic intent is to employ these funds for expanding its services into the German market, where it has already initiated a pilot program. The company also has plans to incorporate additional languages into its platform.Caravelo, a travel-tech company headquartered in Barcelona, has disclosed its successful Series A funding round, amassing €3.5 million in investment. The round was spearheaded by Samaipata, a European early-stage founder's fund, with active participation from Adara Ventures, based in Luxembourg, and various existing investors. Munich-based defense AI firm Helsing has successfully raised €209 million in a Series B funding round, establishing itself as Europe's most well-funded defense technology startup and a prominent player in the AI industry. General Catalyst leads this round, with strategic investment support from Swedish group Saab, further strengthening their existing partnership.Amsterdam-based startup Tap Electric has raised €1 million in seed funding, with leading investors including LUMO Labs, Shamrock Ventures, and Fair Capital Partners Impact Investing. Fipto, a French treasury management fintech, has raised €15 million in seed funding. Fipto offers a global B2B payments and treasury management solution, allowing companies to manage corporate treasuries and make instant international payments in fiat and digital currencies using blockchain technology. The funding round was led by Serena and Motier Ventures. ------Startups and Investors get access to centralized fundraising and collaborative investing platform - SignUp to www.newnex.ioSubscribe to Newnex Newsletter
Newnex's round-up of Startups Funded12 September 2023London-based fintech company Opna, formerly known as Salt, has disclosed a $6.5 million seed funding round. The raised capital will be utilized to enhance awareness of the financing platform, which is dedicated to providing funding for global carbon projects, and to further develop the platform's proprietary risk engine. Atomico, led by Terese Hougaard, spearheaded the round. Other participants included Cristina Stenbeck, former Gainsight COO; Allison Pickens, Board Director at DBT Labs (formerly Fishtown Analytics); Luke Griffiths, former Chief Commercial Officer at Klarna; and Stijn Christiaens, co-founder of Collibra. Opna (formerly Salt) also has support from previous investors like Pale Blue Dot, MCJ Collective, Angelinvest, and Tiny VC. UK-based deeptech AI security startup, Mindgard has raised £3 million in a seed funding round to accelerate growth as it launches its platform and expands operations in the UK. Investing in the round were IQ Capital and Lakestar. Jude, a London-based startup focused on bladder health, has successfully raised $4.24 million in a seed funding round, led by Eka VC and Joyance, with continued support from June Angelides at Samos VC and Dr. Fiona Pathiraja of Crista Galli Ventures. Jude has also received a grant from Innovate UK, and existing backers include Access VC, Reckitt’s innovation fund, Echo Pharmacy founder Stephen Bourke, and David Rowan, founder at VOYAGERS and founding editor-in-chief of WIRED UK.Swedish energy storage firm Polarium announced that it has secured €36.7M in funding in a rights issue directed towards their majority owners Stefan Jansson Global Invest, Vargas Holding, AMF, and Alecta. Polarium says the funds will help the company continue its growth and expansion plans.London-based HR Tech startup Koios, has exited stealth mode and revealed a $550,000 pre-seed funding round. The company leverages voice-driven AI algorithms to provide personality insights, facilitating improved teamwork and efficiency for managers and teams in terms of both time and cost. Seedcamp led the pre-seed funding round, with participation from Evolvient Capital and undisclosed angel investors. Koios plans to launch its platform in September and will use the capital to further develop its offerings. Geleen, The Netherlands-based ReSolved Technologies has secured €1M in a Seed round of funding from Brightlands Venture Partners and the ifund Foundation. The Dutch company states that the funding will allow it to produce recyclates suitable for a range of applications, including electronic equipment, automotive uses, and the building and construction industry. Rig.dev, a company based in Aarhus, Denmark, specializing in an open-source application platform for Kubernetes, has revealed that it successfully raised €2 million in a pre-seed funding round. This funding round is noteworthy as one of the largest pre-seed rounds in Denmark. The investment was a combination of prominent VC funds, including byFounders, Dreamcraft, and NP-Hard Ventures, as well as smaller venture funds and individual business angels.Berlin-based climate tech firm Nuventura has successfully secured €25 million in a Series A funding round. The company specializes in offering SF6-free medium-voltage (MV) gas-insulated switchgear (GIS) technologies, providing an environmentally friendly alternative to SF6 (Sulphur hexafluoride), a potent greenhouse gas with 25,200 times more global warming potential than carbon dioxide. SF6 is commonly used in electrical grids and energy infrastructure. This funding round was led by Mirova, which utilized its impact private equity fund, Mirova Environment Acceleration Capital. Joining as new investors in this round are Forward.one and EIC Fund, alongside existing investors IBB Ventures, ADB Ventures, Cycle Group, Future Energy Ventures, and DOEN Participaties. The fresh capital infusion will support Nuventura's product lineup expansion and enable global manufacturing opportunities. Bayern-based, e-mobilio, a cloud-based platform that offers recommendations and facilitates the transition of drivers to electric mobility, has announced the successful completion of a €9.5 million Series A funding round. This round was led by SET Ventures, a company based in Amsterdam, and also included participation from previous investors such as Übermorgen Ventures, Wi Venture, seed+speed Ventures, Gateway Ventures, and the German family office zwei.7.Delft-based quantum technology startup Orange Quantum Systems has announced the successful completion of a €1.5 million pre-seed funding round. The round was co-led by QDNL Participations and Cottonwood Technology Fund. Orange Quantum Systems (Orange QS) plans to utilize the newly acquired funds for the development of its next-generation quantum chip test equipment. This innovative solution will be the first turnkey offering specifically optimized for high-speed qubit testing, with a focus on serving the emerging quantum industry market. London-based direct-to-consumer dog food brand Butternut Box has raised £280 million in its latest funding round. New investor General Atlantic led the round with existing investor private equity firm L Catterton participating. The company enjoys support from several other backers, including White Star Capital, Five Seasons Ventures, HSBC, Literacy Capital, Blackrock's Kreos Capital, and Passion Capital.Dutch microalgae producer Phycom has successfully secured over €9 million in investments from its key partners. This infusion of funds will enable the company to significantly scale up its production of consistently high-quality microalgae on an industrial level. Notable investors in this endeavor include Corbion, Phase2.earth, Invest-NL, and Invest International. Phycom plans to utilize this new capital to expand its marketing efforts and support the development of its technology. In a Series A funding round, the Norwegian anti-money laundering (AML) intelligence software company Strise has successfully secured $10.8 million in funding. Atomico spearheaded this current funding round, and it also saw the participation of existing investors such as Curiosity, Maki.vc, Sondo Capital, and Likeminded. In addition, a group of notable angel investors contributed to this round, including Camilla Giesecke (COO of Klarna), Phil Chambers (founder of Peakon, which was later acquired by Workday), Francois Callens (former CFO of Depop), Marcus Krylborn (an expert in growth at Snap), Riya Grover (CEO and co-founder of Sequence), and Allison Pickens (former COO of Gainsight).Swiss SaaS workplace management firm deskbird is embarking on an extensive expansion across Europe, with plans to target the US and other markets, following a recent $13 million Series A fundraising round. The funding round was led by ALSTIN Capital and AVP (AXA Venture Partners), and it also featured participation from previous investors, including session.vc, Rivus Capital, and PortfoLion.Envisics, the UK-based automotive holographic technology firm, has successfully concluded its Series C funding round, raising a total of $100 million.The recent funding round for Envisics included an additional investment from new backer M&G Investments and continued support from existing investor Van Tuyl Companies.Bayreuth-based MedTech startup inContAlert has secured EUR 1.5 million in Pre-Seed funding. High-Tech Gründerfonds and Carma Fund led the funding round, with additional participation from Bayern Kapital and notable angel investors from the medical technology domain, such as Prof. Dr. Thomas Gottwald, Dr. Jörg Stein, Richard Reiber, and Marcus Irsfeld. French MedTech startup Gradient Denervation Technologies has secured €14 million in a Series A funding round. The financing was spearheaded by Asabys Partners through its newly created fund, Sabadell Asabys II. Thuja Capital and Gradient's original investor, Sofinnova Partners, also participated in the fundraising. Lithuanian-British aviation tech startup WeSky is enhancing in-flight experiences by developing its in-house cabin avionics system. Thanks to the lightweight design of their rechargeable product, which reduces overall cabin weight, fuel consumption will be lowered. Founded by Vytis Petrusevičius, the startup has successfully raised €1.1 million in a funding round. This round includes investments from Coinvest Capital, Baltic Sandbox Ventures, and existing investors Notarc Management Group, along with participation from an angel syndicate. The newly acquired funding will support testing on functional aircraft by the first quarter of 2024 and expand international sales efforts.Assen, the Netherlands-based Vipio, an online booking platform, has secured €4M in funding from Dutch investment company NOM. The company says it will use the funds to accelerate its platform and international expansion. The company is recruiting talent, including software developers, online marketers, and sales professionals. Sweden's H2 Green Steel has secured approximately €1.5 billion in equity funding to support the construction of the world's inaugural large-scale green steel plant, as well as Europe's premier giga-scale electrolyser. The funding round was jointly led by new investor Hy24 and existing investors Altor, GIC, and Just Climate. The investor group also includes new participants such as Andra AP - fonden and Temasek, along with continuing support from AMF, Cristina Stenbeck, Hitachi Energy, IMAS Foundation, Kinnevik, Schaeffler, Vargas, and Wallenberg Investments' holding company FAM. Swedish fintech firm Treyd, which offers upfront supplier payment solutions for retail businesses, has experienced significant growth following its $10 million Series A funding round in March 2022. The latest round is led by Swedish investment company Nineyards Equity, along with participation from Antler, Zenith VC, and J12 Ventures.London-based e-commerce software provider Shop Circle has reported a successful Series A funding round, raising $120 million (approximately €111.6 million). The funding round was led by 645 Ventures and 3VC and also included participation from previous investors QED Investors and NfX. The funding was secured through a strategic combination of equity and debt, with the i80 Group providing a credit facility.----Startups and Investors get access to centralized fundraising and collaborative investing platform - SignUp to www.newnex.io
Newnex's round-up of Startups funded this past week5 September 2023Jitty, a UK-based startup, announced a $2 million pre-seed investment round to build an AI-powered property search engine that will learn everything about the housing market and help people find their perfect home.The funding round was led by Gradient Ventures with participation from Sequoia, Atomico, True Global, Angel Invest, Tiny VC. Multiple high profile Angel Investors have also joined the round, including former Zoopla COO Doug Monro, founder of Attest Tony Hunter, Catherine and Jonathan Lenson, and the CEO and founder of Maze, Jonathan Widawski. Lincolnshire, UK-based startup FruitCast, which offers yield forecasting services for soft-fruit growers, has announced the successful securing of £2.8M (approximately €3.26M) in a new round of funding. The funding has been sourced from private investors, including Ceres Agritech, and with support from Innovate UK’s investor partnership programme. Basel-based startup Mysthera Therapeutics AG has launched with a formidable start, securing $3.5 million in seed funding from its founding investor, Forty51 Ventures. The company's development of unique pan-PIM kinase inhibitors, backed by robust funding, positions the company to pioneer transformative advancements in autoimmune therapy. Delft-based Zepp.solutions, a company that specialises in hydrogen fuel cell technology, has secured a €1.98M grant from the European Just Transition Fund (JTF) to develop a “cutting-edge” fuel cell systems factory. Rotterdam-based Valyuu, a circular platform for pre-owned electronics, announced that it has secured €2.4M in a fresh funding round led by Rubio Impact Ventures and Slingshot Ventures. Other participating investors include US-based Techstars, Golden Egg Check Capital, and several angel investors. Branchspace, a company specializing in enhancing and transforming digital retailing capabilities for airlines, secures a £5 million investment from growth equity investor Gresham House Ventures. Next Ocean, a deeptech company based in Delft, specializes in providing precise forecasts for sea waves and vessel motions, enabling businesses to effectively manage wave-related risks and optimize offshore operations. This innovation not only leads to cost savings but also significantly reduces CO2 emissions, underscoring its environmental advantages. Graduate Entrepreneur, has invested €75,000 in pre-seed rounds for the Dutch startup Next Ocean. Next Ocean intends to allocate these funds towards sales and marketing efforts, with the goal of raising awareness about its technology and positively impacting the maritime sector. Hexwise, a company dedicated to revolutionizing industrial energy efficiency through cutting-edge technologies like the Internet of Things (IIoT), Big Data, Cloud Computing, and AI, is leading the way in optimizing Air-Cooled Heat Exchangers (ACHE) through data-driven insights. In a significant boost to their pre-seed rounds, Hexwise has secured €75,000 in investment from Graduate Entrepreneur. This financial support will play a pivotal role in Hexwise's efforts to validate the market, conduct customer segment analysis, expand its customer base, and refine the scalability of its solution.Reykjavik-based SNERPA Power, a company that aims to speed up the energy transition, has secured €2.2M in a fresh round of funding to boost decarbonisation of the energy sector. The investment was co-led by Iceland-based Crowberry Capital and Sweden’s BackingMinds. Berlin-based startup Ivy, has developed an API to establish a global "network of networks" for open banking payments, and has secured $20 million in a Series A funding round, with Valar Ventures, a prominent fintech investor, taking the lead. Remarkably, this round comes just five weeks after Ivy publicly announced a $7.7 million seed round led by Creandum, with participation from a group of notable individual investors, including fintech founders and executives. Mimetrik, a dental technology company, has successfully secured £2 million in seed funding with Northern Gritstone as a participant. The company has pioneered 3D-scanning technology that leverages machine learning to produce fully digitized images of a patient's dentition and facial structure, marking a significant technological advancement in the field. Ellie.ai, a trailblazer in product design and collaboration software tailored for data teams, has proudly announced the successful closure of a €2.5 million seed funding round. This funding round is jointly led by Newion and Crowberry Capital, enabling Ellie to embark on the development of novel workflows aimed at enhancing customer experiences. UrbanVolt, an Ireland-based Solar-as-a-Service provider, has secured £22.3 million (€26M) in funding from Verdane, a European growth investor. This partnership will facilitate the company's expansion in Ireland and the UK while also enabling its entry into fresh European markets.Helsinki-based ReOrbit, a prominent provider of software-enabled satellites, has successfully concluded an oversubscribed Seed funding round, raising an impressive $7.4 million. Established in 2019, ReOrbit specializes in delivering autonomous and interconnected satellites, optimized for the efficient and dependable transmission of customer space-related data. This funding initiative is spearheaded by Inventure VC and boasts participation from 10x Founders, the existing investor Icebreaker.vc, Expansion, and Yes VC. OneID, the exclusive provider of bank-verified digital identification services in the UK, has secured £1 million in new funding from ACF Investors. Established in 2020, OneID's mission is to facilitate secure and seamless digital experiences for a broader spectrum of UK citizens by enabling banks to offer robust ID services to their customers. Yummygums, headquartered in Amsterdam, and focused on making health engagement enjoyable through its vitamin gummies, has declared a successful €1.46 million funding round from a sharefunding campaign. Cikisi, headquartered in Belgium, has successfully secured €2.7 million in a pre-Series A funding round for its market intelligence tool. Angelwise, a Belgian ICT & SaaS early-stage investment fund, led the pre-series A round. Brussels’ regional investment company finance&invest.brussels and a new renowned Business Angel with a relevant SaaS track record participated in the round along with the founders, and existing Business Angels and investment funds, Investsud and Sambrinvest.Oxford Ionics, a UK-based startup dedicated to addressing critical scalability challenges in the realm of quantum computing, disclosed on August 30th that it has secured £2 million (approximately €2.32 million) in funding from the UK's National Security Strategic Investment Fund (NSSIF).---Startups and Investors get access to centralized fundraising and collaborative investing - Join www.newnex.io
There is so much happening around AI that makes it complex if not impossible to keep-tracking. At Newnex, given our focus on deep tech, we're tracking the announcements, trends and critical developments in AI.It may not be comprehensive but the aim is to give a sense of what's happening.19 July 2023Google's AI Red Team: the ethical hackers making AI saferhttps://blog.google/technology/safety-security/googles-ai-red-team-the-ethical-hackers-making-ai-safer/18 July 2023The debate on whether Foundational AI models violate copyright. An argument that it does not.http://marble.onl/posts/general_technology_doesnt_violate_copyright.html18 July 2023Meta takes an open source approach to AI models. Meta Unveils a More Powerful A.I. and Isn’t Fretting Over Who Uses Ithttps://www.nytimes.com/2023/07/18/technology/meta-ai-open-source.html11 July 2023Nick Clegg argues, openness on AI is the best way forward for techhttps://www.ft.com/content/ac3b585a-ce50-43d1-b71d-14dfe6dce999
TypeChat:How do we use AI to take a user request and turn it into something our apps can operate on? And how do we make sure our apps are safe, and doing work that developers and users alike can trust? TypeChat, an experimental library that aims to answer these questions. It uses the type definitions in your codebase to retrieve structured AI responses that are type-safe.https://microsoft.github.io/TypeChat/blog/introducing-typechat/Hugging Face:The AI community building the future.https://huggingface.co/SAIF Framework from Google:Google introduces the Secure AI Framework (SAIF), a conceptual framework for secure AI systems. SAIF addresses the need for clear industry security standards for building and deploying this technology in a responsible manner. https://blog.google/technology/safety-security/introducing-googles-secure-ai-framework/Aria Digital Twin:Aria Digital Twin is an egocentric dataset captured using Aria glasses, with extensive simulated ground truth for devices, objects and environment.https://www.projectaria.com/datasets/adt/Llama 2 (from Meta)The next generation of our open source large language model. Llama 2 is available for both research and commercial use.https://ai.meta.com/llama/PyTorchPyTorch is used for a wide range of machine learning tasks, including image recognition, natural language processing, and robotics.https://pytorch.org/NVIDIA Earth-2 A full-stack, open platform that accelerates climate and weather predictions with interactive, high-resolution simulation. It includes physical simulation of numerical models like ICON and IFS; neural network models such as FourCastNet, GraphCast, and Deep Learning Weather Predictionhttps://www.nvidia.com/en-us/high-performance-computing/earth-2Top AI companies:Nvidia: https://www.nvidia.com/en-gb/ai-data-science/Open AI: https://openai.com/Meta AI: https://ai.meta.com/Microsoft Research: https://www.microsoft.com/en-us/research/Google AI https://ai.google/
On 14 June 2023, The European Parliament adopted its negotiating position on the Artificial Intelligence (AI) Act. The rules would ensure that AI developed and used in Europe is fully in line with EU rights and values. These values include human oversight, safety, privacy, transparency, non-discrimination, and social and environmental wellbeing. The rules will now be negotiated with EU member states.The AI Act is a proposed regulation that would govern the development and use of AI in the European Union.The Act would establish a risk-based framework for AI systems, with different requirements for different levels of risk.The Act would also include provisions on human oversight, safety, privacy, transparency, non-discrimination, and social and environmental wellbeing.The adoption of the negotiating position by the European Parliament is a significant step forward in the development of the AI Act.The next step is for the Act to be negotiated with EU member states.AI systems with an unacceptable level of risk to people’s safety, such as those used for social scoring, will be prohibited.Intrusive and discriminatory uses of AI, such as:“Real-time” remote biometric identification systems in publicly accessible spaces“Post” remote biometric identification systems, with the only exception of law enforcement for the prosecution of serious crimes and only after judicial authorizationbiometric categorisation systems using sensitive characteristics (e.g. gender, race, ethnicity, citizenship status, religion, political orientation)predictive policing systems (based on profiling, location or past criminal behaviour)emotion recognition systems in law enforcement, border management, the workplace, and educational institutionsuntargeted scraping of facial images from the internet or CCTV footage to create facial recognition databasesAI systems used to influence voters and the outcome of elections and in recommender systems used by social media platforms (with over 45 million users) will be classified as high-risk.Some other key points to remember include:Providers of foundation models would have to assess and mitigate possible risks and register their models in the EU database before their release on the EU market.Generative AI systems based on such models would have to comply with transparency requirements and ensure safeguards against generating illegal content.Detailed summaries of the copyrighted data used for their training would also have to be made publicly available.To boost AI innovation and support SMEs, MEPs added exemptions for research activities and AI components provided under open-source licenses.The new law promotes so-called regulatory sandboxes, or real-life environments, established by public authorities to test AI before it is deployed.Finally, MEPs want to boost citizens’ right to file complaints about AI systems and receive explanations of decisions based on high-risk AI systems that significantly impact their fundamental rights.
The most recent update to the AI Act was on June 14, 2023, when the European Parliament adopted its negotiating position on the Act. The European Council is now expected to adopt its negotiating position in the coming months. Once both the Parliament and the Council have adopted their negotiating positions, the two sides will enter into negotiations to reach a final agreement on the Act.So, what changed between 2021 and 2023 in the AI Act. It can be summarized as more stringent rules and definitions are introduced. The main changes made to the AI Act between 2021 and 2023 are:A new definition of AI: The Parliament's definition of AI is broader than the original proposal, and it includes systems that are not currently considered to be AI, such as facial recognition systems.The inclusion of a new risk category: The AI Act now includes a new risk category for "very high risk" AI systems. These systems are subject to the most stringent requirements under the Act.New requirements for human oversight: The requirements for human oversight of high-risk AI systems have been strengthened. For example, the Act now requires that human oversight be "continuous" for very high risk systems.New requirements for transparency: The requirements for transparency of high-risk AI systems have been strengthened. For example, the Act now requires that developers of high-risk AI systems provide users with information about the system's training data, its algorithms, and its potential biases.New requirements for robustness: The requirements for robustness of high-risk AI systems have been strengthened. For example, the Act now requires that developers of high-risk AI systems take steps to prevent the systems from being hacked or manipulated.The expansion of the scope of the Act: The scope of the Act has been expanded to include AI systems that are used in the public sector. This means that the Act will apply to AI systems that are used by government agencies, such as the police and the military.The introduction of new enforcement mechanisms: The Act introduces new enforcement mechanisms, such as the ability of the European Commission to impose fines on those who violate the Act.On 12th June, Wednesday, the European Parliament adopted its negotiating position on the Artificial Intelligence (AI) Act with 499 votes in favour, 28 against and 93 abstentions ahead of talks with EU member states on the final shape of the law. The rules would ensure that AI developed and used in Europe is fully in line with EU rights and values including human oversight, safety, privacy, transparency, non-discrimination and social and environmental wellbeing.
Reference is AI Act April 2021 for the following summary:IntroductionThe EU AI Act is a proposed regulation of the European Parliament and of the Council on artificial intelligence (AI).It is the first piece of legislation in the world to regulate AI in a comprehensive manner.The Act aims to ensure that AI is developed and used in a safe and ethical way, and that it respects fundamental rights and freedoms.The definition of AIThe Act defines AI as "software that can, for a given set of human-defined objectives, generate outputs such as content, predictions, recommendations or decisions influencing the environments they interact with."This definition is broad enough to capture a wide range of AI systems, from simple chatbots to complex self-driving cars.The risk classificationThe Act classifies AI systems into three risk categories: unacceptable risk, high risk, and low risk.Systems in the unacceptable risk category are banned.Systems in the high risk category are subject to specific legal requirements, such as human oversight, transparency, and robustness.Systems in the low risk category are largely left unregulated.The unacceptable risk categoryThe unacceptable risk category includes AI systems that are likely to cause serious harm to people or the environment.This includes systems that are used for social scoring, remote biometric identification, and life-critical applications.The high risk categoryThe high risk category includes AI systems that are likely to cause harm to people or the environment, but not to the same extent as systems in the unacceptable risk category.This includes systems that are used for hiring, credit scoring, and criminal justice.The low risk categoryThe low risk category includes AI systems that are not likely to cause harm to people or the environment.This includes systems that are used for recommendation engines, spam filters, and traffic management.The general principlesThe Act sets out a number of general principles that all AI systems must comply with, regardless of their risk category.These principles include:Human agency: AI systems must not be used in a way that undermines human agency or decision-making.Fairness: AI systems must not be used in a way that is discriminatory or biased.Privacy: AI systems must not be used in a way that violates people's privacy.Accountability: The developers and users of AI systems must be accountable for the way that they are used.The specific requirementsIn addition to the general principles, the Act sets out specific requirements for high-risk AI systems.These requirements include:Human oversight: High-risk AI systems must have human oversight to ensure that they are not used in a way that is harmful or discriminatory.Transparency: High-risk AI systems must be transparent so that users can understand how they work and how their data is being used.Robustness: High-risk AI systems must be robust so that they are not easily hacked or manipulated.Privacy: High-risk AI systems must comply with data protection laws.Non-discrimination: High-risk AI systems must not be used in a way that is discriminatory.The European Artificial Intelligence BoardThe Act establishes a new European Artificial Intelligence Board to oversee the implementation of the Act.The Board will be responsible for providing guidance on the Act, issuing opinions, and resolving disputes.The future of the AI ActThe AI Act is still in the proposal stage, but it is expected to be finalized in 2023.Once it is finalized, it will be the first comprehensive law on AI in the world.The Act is likely to have a significant impact on the development and use of AI in the EU.It will help to ensure that AI is developed and used in a safe and ethical way, and that it respects fundamental rights and freedoms.ConclusionThe EU AI Act is a landmark piece of legislation that has the potential to shape the future of AI in the EU and around the world.It is still in the proposal stage, but it is already generating a lot of interest and debate.It will be interesting to see how it evolves in the coming months and years.Additional details:The Act defines "human oversight" as "the involvement of a human in the development, deployment, and use of an AI system, to ensure that the system is aligned with the objectives set by humans and that it does not cause harm."The Act defines "transparency" as "the ability of users to
The India opportunity:India's GDP reached a significant milestone of $3.75 trillion in 2023, solidifying its position as the fifth largest economy globally. Additionally, India surpassed China to become the world's most populous nation. Goldman Sachs has now projected that India will surpass the United States and become the 2nd largest economy by 2075. Country - GDP (population)China - $57 trillion (1.2 bn)India - $52.5 trillion (1.5 -1.6 bn)USA - $51.5 trillion (0.375 bn)While the United States is expected to maintain the highest per capita income among the 3 economies, due to its similar GDP size but significantly lower population, India and China are expected to experience dramatic growth over the next five decades. This positions India as a land of immense opportunity.Goldman Sachs' finds several positive drivers behind India's projected growth:PopulationWith approximately 67% of the population below the retirement age of 64 in 2023, India is in a favourable position to leverage on its demographic dividend. Over the next 20 years, India has a unique window during which dependency ratios is project to decline. Furthermore, the demographic transition in India is expected to be more gradual compared to other Asian countries, leading to increased savings rates among the population.Capital InvestmentThe Indian government has prioritized infrastructure development over the past decade and this trend is expected to continue into the future. This positions India favourably for private investor and foreign direct investment participation, contributing to the nation's progress.Domestic-demand Driven EconomyUnlike many other Asian countries, India has a robust domestic-demand driven economy. In 2023, domestic consumption accounted for approximately 50% of India's economic activity, and this figure is projected to grow. This reduced reliance on exports for economic growth is a significant advantage.India's Private SectorThe private sector plays a crucial role in India's growth story, contributing to both physical and digital infrastructure development. Companies such as Reliance, Tata, Wipro, and Adani are already well-positioned, with more innovative companies and conglomerates expected to thrive across various sectors, from services to digital innovation.The Digital EconomyIndia's software capabilities are widely recognized, but lesser-known internationally but highly impactful innovations such as the Aadhar card (digital biometric identification) and UPI (digital payments) are changing the country profoundly. Such innovations by both the government and the private industry at a billion population scale will accelerate the efficiency and effectiveness of India's growth.Despite the immense positive outlook, challenges remain. The key ingredient for India's success lies in productivity growth and the success in bringing more population into the real economy. To achieve this, it is essential to encourage greater workforce participation, especially by women. Furthermore, innovative approaches are necessary to develop and up-skill the Indian workforce to meet the dynamic requirements of the economy.The remarkable growth prospects of India and the on-going transition in its economy present an incredible opportunity for both domestic and international actors to participate in the India growth story. The projected trajectory of India's GDP, coupled with its favourable demographic dividend, investment focus, domestic-demand driven economy, thriving private sector, and digital innovation potential, places the country as a promising destination for global investments, collaborations, and engagement.---Praveen Paranjothi is the CEO of Newnex, the digital-led VC, and the driving force behind Startup Europe India Network and India Techspora.
AI chatbotsChatGPT - AI chatbot for human like conversations (Open AI)Bard AI - AI chatbot from GooglePerplexity AI - Chatbot cum search engineBing AI - GPT4 driven search engineHeyGPT - replaces iOS Siri with ChatGPTPromptGPT - Optimised prompts for ChatGPTRelationshipsReplika - AI companion who caresRizz AI - Get better at flirtingCaryn.ai - AI girl friendEducation/LearningSocratic AI - Homework help for kidsPersonal FinanceAlly Financial - Mobile banking with a chatbot to answer finance questionsLanguageDuolingo - AI assisted language learningELSA Speak - AI assisted English learningGrammarly - AI based language correctionAudio / VoiceAlexa - AI based voice assistant from AmazonCortana - AI based voice assistant from MicrosoftGoogle Assistant - AI based voice assistant from GoogleMURF.AI - AI voice generatorAdobe Podcast Enhance - Remove noise from voice recordingsPresentationTome - AI-powered presentation generatorDocktopus AI - AI powered presentationPhoto / Images / VideoDALL-E2 - Text to image generatorCraiyon - Dall-E rebrandedStable Diffusion - Text to image generatorStarryai - Text to image generatorFacetune - AI photo/video editorLensa - AI image editingFotor - AI photo editorWOMBO Dream - AI generated imagesJasper AI - AI art generatorNightCafe - Text to Art generatorPixray - Text to image generatorText to Pokemon generatorAl Picasso - Text to image generatorFaceapp - selfie editorDesign / Architecture / ConstructionArch.ai - Design interior with AIInterior.ai - Design interior with AI3D Models Luma AI - 3D Models of productsImpairment / Disability friendly Seeing AI - AI apps that narrates the world around you (Microsoft)DeepfakesDeepSwap - Create deepfake videos and imagesStories / MoviesNolan - writes compelling movie storiesProductivityTimely - AI-powered automatic time trackingNumerous AI - ChatGPT in your spread sheet--------------------------------This directory is a Work-in-Progress. We're updating amazing AI apps every day.Like to get your AI app listed? - If you're a Startup - Sign Up for free to Newnex www.newnex.io and chat with us OR contact us via email firstname.lastname@example.orgFor partnerships, collaboration or do you want to write about AI/Deeptech, climate tech or software, reach out to email@example.com#artificialintelligence #ai #generativeai #apps #deeptech #directory
Generative AI has recently seen significant progress, with models like GPT-4 showcasing impressive text generation capabilities.Learning about generative AI is valuable offers opportunities for creative expression, innovation, and personalized content creation across various industries. Understanding generative AI enables individuals to critically evaluate AI-generated content, ensuring responsible usage and addressing potential biases or ethical concerns. Tap into its Generative AI's creative potential, contribute to its development, and navigate the evolving landscape of AI-powered content generation.First, the potential:1. McKinsey says "Generative AI’s impact on productivity could add trillions of dollars in value to the global economy."mckinsey.com/capabilities/mckinsey-digital/our-insights/the-economic-potential-of-generative-ai-the-next-productivity-frontier#key-insightsAn overview:2. NVIDIA's introduction to Generative AI:nvidia.com/en-us/glossary/data-science/generative-aiThe learning:3. Google's Generative AI learning path:A free course from introduction to creationcloudskillsboost.google/paths/118The recent:4. If you've come thus far, you already know what foundation models are. Have a listen to Microsoft on the next era of AI.microsoft.com/en-us/research/blog/ai-explainer-foundation-models-and-the-next-era-of-aiWatch this space for the best resources to get started and go deep in Generative AI.5. An interesting discussion on LLM models including tricks and tips of GPT prompts
29 March 2023 Newnex Founder Series: We explore the stories and journeys of startup founders in climate and deep tech. We share inspiring and informative stories that sheds light on the challenges and triumphs that come with building and growing a startup. ---- We are kicking the series-off with Work With Data's co-founders, Camille Lehujeur and Laurent Molter. Work With Data (WWD) is a UK Startup with a mission to democratize data. In January this year, WWD closed a pre-seed £1.5 funding round at an undisclosed valuation. Kindred Capital led the round with participation from private investors including Shruthi Chindalur (ex Criteo), Praveen Paranjothi (Newnex, ex EIF), and others. Camille and Laurent, welcome! How did you get started as co-founders? Prior to launching Work With Data, we worked together for more than 4-years at Criteo, a leading French ad-tech company. When did you get started with Work With Data? We launched in beta around a year ago to democratize data by combining open sources and artificial intelligence on a simple to use interface. Our vision is to make data more accessible, ethical, and reliable for everyone. How is what you're building relevant today? In today's world, data privacy concerns and ethical issues have become increasingly prevalent, leading to stricter regulations and an overall negative perception of data. With Work with Data, we are actively working to shift this narrative by leveraging open data, artificial intelligence, and user-friendly interfaces. By doing so, we aim to empower everyone to access and work with data in an ethical and responsible way. In a world where data is often viewed with skepticism and mistrust, Work with Data is revolutionizing the industry by making data accessible and beneficial for all. Who are your (potential) clients? Our clients are anyone looking for data, both individuals and companies. We make data easily accessible and we are evolving and learning from the needs of our clients. Why are you best positioned to build this product? We together bring over 15 years of experience in the data industry to Work With Data. We have witnessed the transformation of the data landscape from a positive to a negative perception due to privacy breaches and other concerns. Having experienced these challenges firsthand, we are determined to revolutionize the industry by taking a unique and innovative approach. What is your ambition for WWD? Consulting firms and governments have estimated that open data can increase the GDP by 1 to 5%. If we can contribute to this growth by empowering individuals and businesses to work with data ethically and responsibly, we would consider our mission accomplished. Our goal is to revolutionize the data industry by providing innovative solutions that empower individuals and businesses to leverage the power of data for social and economic benefits. What's your differentiation in the market? At Work with Data, we firmly believe in maintaining openness and accessibility for everyone, while strongly adhering to our ethical principles. We recognize that many companies in the data industry have compromised their integrity by closing themselves off and collecting data that falls within gray areas. This approach has contributed to the current issues faced by the data world. We are determined to do things differently by maintaining complete transparency and making data accessible to all while upholding ethical standards. Our goal is to provide users with a trustworthy platform that they can rely on to access and work with data in an ethical and responsible way. What are you doing really well as a company? At Work with Data, we excel at continuously testing, learning, and adapting. Our team is obsessed with this approach, and we prioritize it in everything we do. We believe in trying out new ideas as quickly as possible, collecting valuable insights and learnings, and then adjusting our approach accordingly. By taking this approach, we are able to constantly improve our product and ensure that we are meeting the evolving needs of our users. Our commitment to testing and learning is a key reason why we have been successful in building a platform that is user-friendly, ethical, and reliable. Get in touch: www.workwithdata.com If you're interested in accessing democratized data, Camille and Laurent would love to hear from you. You can find them on LinkedIn: Camille Lehujeur Laurent Molter Are you building a Startup/Investor in Climate or Deep tech and would like to be featured? Get in touch with us at firstname.lastname@example.org Investors referred: Shruti Chindalur Praveen Paranjothi Submit deals to Praveen www.newnex.io/praveen Kindred Capital About Newnex: Newnex is the Digital Smart Fundraising & Investing management platform in climate and deeptech. Sign Up and Get Access now newnex.io
Important news and events are happening every day. However, some news are more important than others, such as Warren Buffett's Annual Letter or the recent SVB crash. These important events make enormous news and disappear from our immediate memory as we go about our daily grind. But, these news ought to be regularly remembered for sound decision making. We therefore hope that the news we gather here would be an important and timely reference for you. If we are missing anything, send us a message on Newnex or email to email@example.com. March 2023 NATO Innovation Fund 1. Investment Management Team HQ to be in Netherlands nato.int/cps/en/natohq/news_213002.htm#hommels Credit Suisse sold to UBS 1. UBS buys Credit Suisse for $3.2bn - end of an era cnbc.com/2023/03/19/ubs-agrees-to-buy-credit-suisse-as-regulators-look-to-shore-up-global-banking-system.html ubs.com/global/en/media/display-page-ndp/en-20230319-tree.html 2. Analysis of the takeover imd.org/ibyimd/finance/credit-suisse-how-the-mighty-fell First Republic Bank's woes 1. First Republic Bank secures $30bn of deposits in rescue from other banks bloomberg.com/news/articles/2023-03-16/us-pushes-first-republic-rescue-with-big-banks-after-stock-slump?leadSource=uverify wall 2. SVB contagion affects First Republic Bank wsj.com/articles/first-republic-bank-stock-rescue-what-to-know-a22a3d Samsung to invest $260bn in world's largest chip making base nationaltechnology.co.uk/Samsung_Worlds_Largest_Chip_Making_Base.php Larry Fink (Blackrock) letter to shareholders 1. Annual letter to Investors blackrock.com/corporate/investor-relations/larry-fink-annual-chairmans-letter Credit Suisse collapse 1. Credit Suisse to borrow up to $54bn from Swiss central bank to prop up the bank ft.com/content/adb74b25-ee03-4bdd-8c7a-4dcc6c95fcac 2. Shares in the Swiss lender plunged more than 30% at one point on Wednesday to a record low of about 1.56 Swiss francs (£1.40) a share theguardian.com/business/2023/mar/15/credit-suisse-what-is-happening-at-swiss-bank-and-should-we-be-worried Silicon Valley Bank crash reverberates across the world 1. European regulators criticise US ‘incompetence’ over Silicon Valley Bank collapse ft.com/content/5e4a8dde-c053-4510-8cd9-8aecb9082a6e 2. SVB’s Collapse Is Causing Chaos in India’s Tech Sector wired.co.uk/article/svbs-collapse-is-causing-chaos-in-indias-tech-sector 3. Bank of England's statement on Silicon Valley Bank bankofengland.co.uk/news/2023/march/statement-on-silicon-valley-bank 4. SVB protected by US regulators cnbc.com/2023/03/12/regulators-unveil-plan-to-stem-damage-from-svb-collapse.html 5. Why was there a run on Silicon Valley Bank? noahpinion.substack.com/p/why-was-there-a-run-on-silicon-valley 6. SVB collapses after failing to raise capital noahpinion.substack.com/p/why-was-there-a-run-on-silicon-valley 7. Banks are designed to fail, and they do ft.com/content/09bfbb8d-22f5-4c70-9d85-2df7ed5c516e 8. SVB collapse explained by Nobel Prize winner finance-yahoo-com.cdn.ampproject.org/c/s/finance.yahoo.com/amphtml/news/economist-won-nobel-bank-runs-160025143.html Signature Bank collapsed 1. Signature Bank becomes next casualty of banking turmoil reuters.com/business/finance/new-york-state-regulators-close-signature-bank-2023-03-12 UK launches £370m support to make UK a tech super power artificialintelligence-news.com/2023/03/06/370m-plan-launched-to-turn-uk-into-tech-superpower Cryptobank Silvergate has collapsed 1. Silvergate collapsed theverge.com/2023/3/8/23631320/silvergate-wind-down-liquidiation-announcement February 2023 ChatGPT race 1. ChatGPT breaks record with 100million users dailyinvestor.com/world/8520/chatgpt-breaks-record-with-100-million-users-and-investors-come-flocking 2. Google invests $300m in ChatGPT rival Claude theverge.com/2023/2/3/23584540/google-anthropic-investment-300-million-openai-chatgpt-rival-claude 3. European Tech Champions Initiative (ETCI) launched along with 5 EU countries (Fund-of-funds) reuters.com/business/five-eu-countries-eib-launch-fund-help-promising-tech-companies-grow-2023-02-13 January 2023 ChatGPT 1. Microsoft confirms $10bn investment in OpenAI/ChatGPT forbes.com/sites/qai/2023/01/27/microsoft-confirms-its-10-billion-investment-into-chatgpt-changing-how-microsoft-competes-with-google-apple-and-other-tech-giants Carry over from 2022 Inflation Reducation Act (IRA) 1. The Inflation Reduction Act (IRA) is a reconciliation bill that unlocks $370 billion in climate and energy investment in the United States spglobal.com/commodityinsights/en/ci/research-analysis/the-ira-bill-sets-the-ground-for-an-acceleration-of-clean-ener.html 2. The Inflation Reduction Act contains $500 billion in new spending and tax breaks that aim to boost clean energy, reduce healthcare costs, and increase tax revenues. mckinsey.com/industries/public-and-social-sector/our-insights/the-inflation-reduction-act-heres-whats-in-it
Several plans are afoot to make ocean based climate interventions without sufficiently studying the impact and risks associated with such interventions. More than 40% of the earth's biodiversity is in deep ocean. Climate interventions such as carbon sequestering or producing renewable energy in the sea are major interventions that require appropriate study and adaptation before adversely affecting the ocean. A group of international researches, as part of the Deep Ocean Stewardship Initiative's Climate Working Group, are now studying the (potentially irreversible) impact of ocean-based climate interventions. phys.org/news/2023-03-potential-ocean-based-climate-intervention-technologies.html Highlights: 1. Several lines of evidence led experts to raise substantial concern and call for the need for an integrated research framework to consider deep-sea impacts carefully in mitigation planning. 2. E.g. Hypercapnia, a condition that occurs when the concentration of carbon dioxide in the water exceeds certain thresholds can have negative impacts on marine life and ecosystems. 3. Interventions could add further pressure and threaten the functioning of the diverse systemss, which are essential for the entire planet. This study results have been published in Science. Before starting deep and irreversible interventions, a deeper study and debate is in order.
SVB's plight has dealt a heavy blow for startups in critical operations. Startups have been responding to make options available for startups seeking emergency funding. We've tracked the following resources for a lifeline support as things get sorted by the powers-to-be. Update from the US Fed: Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer....no losses will be borne by the taxpayer. federalreserve.gov/newsevents/pressreleases/monetary20230312b.htm 1. Angellist Lifelife agreement and Bank account: https://lnkd.in/e7sRXxXm Sumukh Sridhara AngelList 2. BREX (US based) emergency bridge loan https://lnkd.in/eZPb5S-s Brex Henrique Dubugras 3. Uncapped (UK based) emergency funding for payroll and emergencies. Email: firstname.lastname@example.org Uncapped #revenuebasedfinancing https://lnkd.in/eDm8NVqX 4. Capchase - emergency payroll financing https://lnkd.in/ezwMjz7W Capchase 5. GetVantage // Innovative Funding (India) - Up to $250k non-dilutive short-term working capital within 48hrs https://bit.ly/403D8SN GetVantage // Innovative Funding Karun Arya
Nature estimates that residential properties exposed to flood risk in the US are overvalued by US$121–US$237 billion, depending on the discount rate. Climate change and externalities are not generally accounted in financial, and economic pricing and risk management. We are only beginning to understand pricing climate impact. Nature has done an interesting study on unpriced climate risk in residential properties in the US. The biggest risk in climate change with respect to residential properties in the US is flood risk. Flood risk is not accounted for due to lack of availability of related regulations, data and awareness. While the study is focused on the US, similar situation exists across the world wherein climate risks are not accounted for in property pricing. Interesting observations in the study include: 1. Costs of climate risk is not only the physical damage to the properties but also how the property owners and others respond to the damage. Are the tax payers to bear the consequences or the damage individualized? 2. 14.6mn homes have at least 1% probability of climate risk resulting in potential annual damage risk of $32billion. 3. 4.6% is the average discount for properties in the 100-year floodzone. However, the study estiamtes that these properties are 8.5% overvalued on average (thus causing housing bubble to develop). 4. As the risk and costs are not fully priced-in, Municipaliteis that are heavily reliant on property taxes are particularly vulnerable for budgetary shortfalls. Some municipalities in the US are receiving more than 50% income via property taxes. 5. Low-income property owners are in particular risk of being economically affected due to property price deflation. The study illustrates the property valuation methodology taking into account climate risk. Whilst this is a US focused study, the methodology and need to price in climate risk is apparent and applicable globally. Link: nature.com/articles/s41558-023-01594-8
We track weekly startup fundings in Europe, US, Middle East, India and South-East Asia. Send your announcements to email@example.com Fundraising volume of €1.3bn has been announced between 16 Jan - 07 Feb 2023. US based Data tech startup Acceldata raised $50m Series-C round with participation from March Capital. notion.so/newnex/Equity-53c39049754c463cbc29db2239b0d370?pvs=4 US based EV battery inspection startup Liminal arises $17.5m Series-A with participation from ArcTern Ventures, Good Growth Capital, Edge Capital Partners, Volta Energy Technologies, Impact Science Ventures, Helios Climate Venutres, Chrysallix Venture Capital, Northvolt and others. mercomcapital.com/ev-battery-inspection-startup-liminal-funding US based MindsDB AI startup raises $16.5m in a round led by Benchmark forbes.com/sites/kenrickcai/2023/02/07/mindsdb-series-a-funding-ai-in-workplace/?sh=214048d7c86d US based cyber security startup Synk raises $25m from ServiceNow linkedin.com/posts/snyk_cyber-startup-snyk-raises-25-million-from-activity-7023682057973223425-bjKr/?originalSubdomain=mt US based evolution biotech startup Melonfrost raises $7m from make more microbes. forbes.com/sites/johncumbers/2023/01/25/brooklyn-evolution-startup-melonfrost-raises-7-million-to-make-more-microbes/?sh=56e98da83c54 US based helth care startup raises $55m series-B from Andreesen Horowitz, Viking Global Investors, Alleycorp, SV Angel growth fund finsmes.com/2023/01/pearl-health-raises-75m-in-series-b-funding.html US based healthcare startup Uptime Health raises $4.5m Series-A from Caduceus Capital and Wavemaker 360 caduceus.vc/caduceus-capital-partners-wavemaker-three-sixty-health-co-lead-series-a-investment-in-uptimehealth Finland based Skipperi making boating accessible and affordable raised $7.5m in a round with participation from Yamaha Motor, Baltiska Handles Sverige, Matu Capital, and Hyphen Capital. arcticstartup.com/skipperi-raises-e7m Spain based "business-in-a-box" startup Jobber raises $100m growth round with participation from General Atlantic and Summit Partners. prnewswire.com/news-releases/jobber-raises-100-million-growth-round-301739689.html Sweden based climate tech startup ZeroPoint Technologies raised $3.4m from Climentum Capital, Industrifonden and Chalmers Ventures. eenewseurope.com/en/memory-compression-ip-startup-raises-e3-2-million Netherlands based aerospace startup Aiir Innovations raises $2.2m from Borski Fund, Hears Lab Europe, Mainport Innovation Fund. tech.eu/2023/02/07/come-fly-with-me-as-aiir-innovations-raises-eur21-million Finland based biotech startup TILT raises $23.5m startup from European Innovation Council. endpts.com/oncolytic-virus-startup-tilt-raises-e22m-to-advance-cancer-therapies India based emotional tracking startup Entrpoik reaised $25m Series-B to expand markets in US, Europe and Asia. New funding has been led by Bessemer Venture Partners and SIG Venture Capital. mrweb.com/drno/news34565.htm India based edtech company BlueLearn raised $3.5m seed round led by elevation capital and participation from Titan Capital, 2am VC, and Lightspeed. India based industry technology startup Magma raised $500k pre-seed with participation from WEH Ventures, PointOne Capital, Angellist India, All in Capital. notion.so/newnex/Equity-a6cff0849f454e0fbb0b79c9f2bdf63b?pvs=4 India based EV startup Zypp Electric raises $25m Series-B round with participation from Goodyear, 9Unicorns, WFC reuters.com/markets/deals/indian-ev-startup-zypp-electric-raises-25-mln-gogoro-led-round-2023-02-08 India based EV startup Simply energy raises $20m bridge round from a host of investors business-standard.com/article/companies/ev-startup-simple-energy-raises-20-mn-from-investors-in-bridge-round-123020700386_1.html Japan based Habitto, insurtech startup raises $3.4m pre Series-A round from Saison Capital, Cherubic Ventures, DG Daiwa Securities, Epic Angels finextra.com/newsarticle/41755/mobile-bancassurance-startup-habitto-raises-39-million Israel based cyber startup Sentra raises $30m Series A from MunichRe Ventures, Moore Strategic Ventures, Xerox Ventures, INT3, Bessemer Venture Partners calcalistech.com/ctechnews/article/sj6s11ol2j About Newnex Private Markets Join the authentic network driven investment management platform for startups and investors focused on climate and deep tech. Private and Institutional investors Sign Up for Free and receive your deal flow in one investmnet flow. Startups manage your fundraising process, commitments table and reporting management in one place. newnex.io/signup
We track weekly startup fundings in Europe, US, Middle East, India and South-East Asia. Send your announcements to firstname.lastname@example.org We tracked $500million this past week. Check our full-list of startup fundraisings of 2023: shorturl.at/joryB UK based cultivated meat startup Multus raised $9.8 million imperial.ac.uk/news/242599/cultivated-meat-startup-multus-raises-79m US based healthcare employment matchmarket company Shiftkey raises $300m led by Lorient Capital. news.crunchbase.com/health-wellness-biotech/employment-shiftkey-fundraise US based autonomous truck company Outrider raised $73m in a Series-B round participated by Abu Dhabi Investment Authority, Nvidia, New Enterprise Associates, Koch Industries reuters.com/business/autos-transportation/us-startup-outrider-raises-73-mln-scale-up-autonomous-yard-trucks-2023-01-19 South Korean hospitality startup Onda raised $10m Series-B round backed by TS Investment, NAU IB Capital, Industrial Bank of Korea, Square Ventures, K Bridge ventures and Breeze Investment phocuswire.com/south-korean-hospitality-tech-startup-raises-10-m US based Web3 startup Obol Labs raised $12.5m Series-A round participated by Pantera, Archetype, ConsenSys coindesk.com/tech/2023/01/17/ethereum-startup-obol-labs-raises-125m-to-decentralize-validators US based climate tech startup Sublime Systems raised $40m in a round participated by Lowercarbon Capital, Energy Impact Partners, The Engine and Siam Cement Group bloomberg.com/news/articles/2023-01-17/boston-startup-raises-40-million-to-develop-low-carbon-cement?leadSource=uverify wall US based web-3 Syky raised $9.5m Series-A round participated by Seven Seven Six, Leadout Capital, First Light Capital, Polygon Ventures Group, Brevan Howard Digital voguebusiness.com/technology/digital-fashion-startup-syky-raises-dollar9-million-and-launches-first-nft India based coffee startup Blue Tokai Coffee Roasters raised $30m Series-B in a round led by A91 Partners with participation in Grand Anicut Fund and 8i Ventures inc42.com/buzz/a91-partners-30-mn-funding-blue-tokai-coffee-roasters India based deeptech startup Chara raised $4.75m in pre-Series A round particpated by Exfinity Venture Partners, Big Capital, Bitexco, Log9 Materials and Kalaari Capital yourstory.com/2023/01/chara-deep-tech-startup-raises-475-m-dollars-pre-series-a-exfinity India based fintech startup SayF raised $250k pre-seed round led by Titan Capital, Sunn91 Ventures vccircle.com/fintechstartup-sayf-raises-pre-seed-round-funding India based fintech startup NeoGrowth raised $10m Series-D extension round participated by MicroVest Capital Management vccircle.com/fintechstartup-neogrowth-raises-10-mn-from-microvest About Newnex Private Markets Newnex streamlines fundraisings, investments, portfolio management and reporting management in private markets. Private and Institutional investors Sign Up for Free and receive your deal flow in one investmnet flow. Startups manage your fundraising process, commitments table and reporting management in one place. newnex.io/signup
US, Seattle-based XetHub, a new storage platform for developers building ML and AI applications led by former Apple engineers raises $7.5million. geekwire.com/2023/ex-apple-engineers-raise-7-5m-for-new-seattle-data-storage-startup US based respiratory care health tech company Telesair raises $22m Series-A in a round led by Pasaca Capital with participation from Honeywell ventures, Zhencheng Capital, Shangbay CApital, Devioce of Tomorrow Capital, Berkeley Catalyst Fund and Ultrastar Ventures. mobihealthnews.com/news/respiratory-care-startup-telesair-raises-22m-and-more-digital-health-fundings US based conversation AI startup NLX Inc raises $4.6 million in a round led by IAG Capital Partners with participation from JetBlue Ventures, Flying Fish Ventures. siliconangle.com/2023/01/09/conversational-ai-startup-nlx-raises-4-6m-fuel-expansion-product-development US based Monogram Health, a tech-enabled in-home kidney disease managemtn company coses $375m round in a round led by CVS Health, Cigna Ventures, Humana, Memorial Hermann Health Systen and SCAN. The round also led participation from TPG Capital, Frist Cressey Ventures, Heritage Group, Pura Vida Investments, Norwest Venture Partners and others fiercehealthcare.com/health-tech/cvs-cigna-back-kidney-care-coordination-tech-startup-monogram-healths-latest-375m-raise US based Butter Payments raises $21.5m Series-A round led by Norwest Venture Partners, with participation from Atomic. forbes.com/sites/kenrickcai/2023/01/11/butter-payments-raises-22-million-accidental-churn Romania/Europe based petcare startup Digitail raises $11m Series-A funding businessinsider.com/digitail-romanian-pet-care-startup-raises-11-million-from-atomico-2023-1?r=US&IR=T UK/London based healthtech startup Peppy raises $35m series-B in a round led by Albion VC, Sony Innovation Fund, Mtech Capital, and Simply health tech.eu/2023/01/11/having-conquered-europe-gender-based-healthcare-platform-peppy-eyes-us-market-with-45-million-raise UK/Oxford based Oxford Cancer Analytics raisd $3.7m from Eka Ventures, and with participation from UK resaerch charity LifeArc, MegaRobo Technologies, and Oxford Technology Management sifted.eu/articles/cancer-startup-oxcan-seed-raise UK based autonomous vehicle startup Oxbotica raises $140m Series-C round led by Aioi nissay Dowa Insurance, Eneos Innovation Partners and with participation from BP Ventures, BGF, Halma, Hostplus, Kiko Ventures, Ocado Group, Tencent, Venture Science and ZF Frierichshafen AG. siliconangle.com/2023/01/10/autonomous-vehicle-software-startup-oxbotica-raises-140m UK based HackTheBox, a gamified cybersecurty training platform raises $55m in a round led by Carlyle, with Paladin Capital Group, Osage University Partners, Marathon Venture Capital, Brighteye Ventures and Endeavor Catalyst Fund participating. techcrunch.com/2023/01/11/hack-the-box-a-gamified-cybersecurity-training-platform-with-1-7m-users-raises-55m India based Actyv.ai, a financial services on offer SaaS startup raises $7million Pre-series A funding led by 1Digit Ventures. businesswire.com/news/home/20230110005650/en/actyv.ai-Raises-Pre-Series-A-Funding-to-Fuel-Global-Expansion-Product-Enhancement India based Agritech startup Cropin raises $14m in a funding round led by Chiratae ventures with participation from Google and JSR Corporation. moneycontrol.com/news/business/startup/agritech-startup-cropin-raises-14-million-from-google-jsr-corp-others-9832561.html send us your fundraising news to get featured email@example.com About Newnex Private Markets Newnex streamlines fundraisings, investments, portfolio management and reporting management in private markets. Private and Institutional investors Sign Up for Free and receive your deal flow in one investmnet flow. Startups and companies manage your fundraising process, commitments table and reporting management in one place. newnex.io/signup
Sweden based Impact startup Qvantum raises €42m (Series-B). Lead investors include Thomas von Koch (ex CEO of EQT) techfundingnews.com/swedish-impact-startup-qvantum-raises-e42m-to-accelerate-launch-of-next-gen-electric-heat-pumps Dublin based healthtech startup Beyondbmi raises €525k to launch platform to take obesity eu-startups.com/2023/01/dublin-based-healthtech-startup-beyondbmi-raises-e525k-to-launch-new-platform-to-tackle-obesity US based synthetic biology startup Asimov raises $200m in a round led by Pillar VC, CPP Investments, A16Z, KdT Ventures forbes.com/sites/johncumbers/2023/01/05/drug-manufacture-has-one-huge-flaw-this-synthetic-biology-startup-just-raised-200m-to-fix-it/?sh=120fec1689ed India based Y-combinator startup Fello raises $4million for gamifying savings for millenials financialit.net/news/fundraising-news/fello-raises-4-million-bring-gamified-savings-indian-zillennials US/India based contract-life cycle management startup SirionLabs raised $25m Series-D funding geekwire.com/2023/contract-lifecycle-management-startup-sirionlabs-raises-25m About Newnex Private Markets Newnex streamlines fundraisings, investments, portfolio management and reporting management in private markets. Private and Institutional investors Sign Up for Free and receive your deal flow in one investmnet flow. Startups and companies manage your fundraising process, commitments table and reporting management in one place. newnex.io/signup
We track weekly startup fundings in Europe, US, Middle East, India and South-East Asia. Send your announcements to firstname.lastname@example.org European startup Aerones raised $40m in new funding from undisclosed investors. Previous investors include FuturePositive Capital and Change Ventures. techcrunch.com/2022/12/27/clean-energy-scrubbing-wind-turbines-with-robots-nets-aerones-39m Lithuanian beauty tech-startup Watalook raised €3m seed round by Danish byFounders and Practica Capital. The startup empowers beauty professionals to manage their business arcticstartup.com/watalook-raises-e3m-seed Norway based legal tech startup TheLawyerGuide raises €475k at €4m valuation for international market expansion globenewswire.com/news-release/2022/12/30/2580924/0/en/Legal-Tech-Startup-TheLawyerGuide-com-Raises-475-000-EUR.html US based Serious Mental Illness (SMI) startup Vanna Health raised $29 million before launch. bhbusiness.com/2022/12/23/serious-mental-illness-startup-vanna-health-raises-29m-for-community-support-platform US based metaverse startup House of Blueberry raised $6M to define fashion in the metaverse bizjournals.com/bizwomen/news/profiles-strategies/2022/12/metaverse-avatar-fashion-video-games-clothes.html Indian startup Money View raised $75million at $900m valuation in a round led by Apis Partners. MoneyView disburses personal loads within minutes. techcrunch.com/2022/12/26/indian-fintech-money-view-valued-at-900-million-in-new-funding moneyview.in Indian startup The Whole Truth, a clean-label health food company raised $11m in a series-B round with Sequoia Capital contributing the most in the round startupstorymedia.com/insights-the-whole-truth-raises-11-million-in-series-b-funding India based autonomous drone startup Exyn raisees $35m in early-stage funding to expand its operations. siliconangle.com/2022/12/26/autonomous-drone-startup-exyn-raises-35m-mapping-gps-denied-environments India based Hair Originals raises $1.25million in pre-series A funding led by Anicut Capital startupstorymedia.com/insights-hair-originals-raises-1-25-million-in-pre-series-a-funding India based Smart EV charging startup Plugzmart raises INR 3.63 corre from BlueHill Capital bwdisrupt.businessworld.in/article/Plugzmart-Raises-Rs-3-63-Cr-In-Seed-Funding/28-12-2022-459724 UAE based HR technology startup Bayzat raised $25m Series-C round led by DisruptAD alongisde Isychors NY. The startup has raised a total of $60m wamda.com/2022/12/bayzat-raises-25-million-series-c-round UAE based social media platform Bolo Live raies $5.6m in a funding round led by UAE-based family office startupstorymedia.com/insights-bolo-live-raises-over-5-6-mn-in-funding Saudi Arabia based proptech startup AtarCloud raises $1.2million in seed round mystartupworld.com/atarcloud-raises-1-3-million-in-seed-round Hong Kong based fintech startup Hyphen Group raied $22million from Richard Li, Alibaba Entrepreneurs Fund and Goldman Sachs. forbes.com/sites/jaydecheung/2022/12/27/fintech-firm-backed-by-hong-kong-billionaire-richard-li-raises-22-million-in-funding-round-led-by-pccw/?sh=6a3b7b682a0d Indonesia based fintech startup Akulaku raised $200million from Mistubishi UFJ Fincnaial Group (MUFG) techcrunch.com/2022/12/26/akulaku-mufg Australia based carbon management startup raises $3m in funding finsmes.com/2022/12/avarni-raises-3m-in-funding.html About Newnex Private Markets Newnex streamlines fundraisings, investments, portfolio management and reporting management in private markets. Private and Institutional investors Sign Up for Free and receive your deal flow in one investmnet flow. Startups and companies manage your fundraising process, commitments table and reporting management in one place. newnex.io/signup
Unless you've been living under a rock, ChatGPT is all over everyone's social media feed. ChatGPT-3 has been released to public on November 13, 2022 to get public feedback. Since then, people can't stop praising the prowess of ChatGPT-3. What is ChagGPT? ChatGPT-3 (version 3) is a chatbot introduced by OpenAI to answer questions in long-form. The beauty of ChatGPT-3 is that it answers complex questions in a conversational way. You can (almost) literally have a text conversation as you would have with another human. This is brilliant for inquisitve but also lonely souls. Chat GPT-3 is a critical development in AI as it is trained to answer questions on what humans "mean". Chatbots have long relied on the user structuring specific pre-defined questions. By answering quesitons in a conversational way without specific structuring requirement, Chat-GPT takes a leap forward in entrenching itself in human lives. You can try OpenAI ChatGPT for yourself here: chat.openai.com Tech details: Chat GPT-3 is a large language model (LLM) trained with masssive amounts of data. Because of this increase in the parameters, GPT-3 is able to perform tasks it was not explicity trained on, like translating sentences with few to no training examples. According to Stanford University, GPT-3 has 175 billion parameters and was trained on 570 gigabytes of text. It's predecessor is 100 times smaller at 1.5 bilion parameters. GPT-3 model is trained with Reinforcement Learning from Human Feedback (RLHF). AI models are trained with Reinforcement Learning with incentivisation methodology. RLHF adds Humand Feedback to RL training to improve the quality of the response and make it have"human-like" conversation. About OpenAI: OpenAI is a research laboratory consisting of two companies. Parent company is the non-profit Open AI Inc. and the subsidiary OpenAI LP, a for-profit company. CEO and co-founder, Sam Altman, heads the company today. The company is founded in December 2015 by Sam Altman, Elon Musk, Reid Hoffman, Jessica Livingston, Petter Thiel, AWS, Infosys, YC Research and Greg Brockman - who collectively pledged $1bn for AI research and open collaboration. Elon Musk resinged in 2018 citing future potential conflicts with Tesla AI. Business details: In 2019, OpenAI created OpenAI LP, the for-profit company with a capped-profit of 100-fold the original investment. Shortly after, Microsoft injected $1 billion into the company. This allows Microsoft to commercailise part of the tech OpenAI creates. Now, what's everyone hyped about. It's not just the prowess of ChatGPT, but also how this could spell the beginning of search (Google) as we know it. For 20 years, Google has dominated search. Now if you can ask a question and get the answer, why would you need Google results, and advertisements. This threatens almost 90% of Google's profits. Supposedly, this has created Code Red in Google's Mountain View HQ. OpenAI, with its special relationship with Microsoft, can definitely be a worthwhile challenger to Google. Just like many Google projects, Google's potential competitor to OpenAI ChatGPT called LaMDA is not yet open for public and is therefore only Google can compare as of today. We will need to wait, and track, how this evolves. The news of ChatGPT does not go without controversies, particularly focused on ethics. Reference readings: ChatGPT: openai.com/blog/chatgpt What is ChatGPT and How can you use it? searchenginejournal.com/what-is-chatgpt/473664/#close The messy, secretive reality behind OpenAI's bid the save the world technologyreview.com/2020/02/17/844721/ai-openai-moonshot-elon-musk-sam-altman-greg-brockman-messy-secretive-reality ChatGPT caused "Code Red" at Google cnet.com/tech/services-and-software/chatgpt-caused-code-red-at-google-report-says About Newnex Private Markets Newnex streamlines fundraisings, investments, portfolio management and reporting management in private markets. Private and Institutional investors Sign Up for Free and receive your deal flow in one investmnet flow. Startups and companies manage your fundraising process, commitments table and reporting management in one place. newnex.io/signup
Recent announcements in Venture Capital, Impact investing and PE funds in US, Europe, India and Israel. US based solo GP Nichole Wischoff raises $20million second fund (Fund I is $5million). The new fund will invest in pre-seed and seed stage B2B startups and write checks between $300k and $1million. techcrunch.com/2022/12/16/solo-gp-nichole-wischoff-raises-20m-fund-backed-by-peter-thiel-to-invest-in-unsexy-businesses US based Tribe Capital has been slashing down valuations and closed its newest fund at $384million fortune.com/2022/12/23/vc-firms-getting-stingier-with-startups-tribe-capital-struggles-show-why Germany based Cavalry Ventures raised €100m fund. The fund will back companies between €500k-€2m in pre-seed and seed-stage companies. sifted.eu/articles/cavalry-ventures-closes-new-fund Lithuania based Practica Capital raised €32million third fund to support Baltic startups sifted.eu/articles/lithuania-practica-capital-third-fund-baltic-startups Luxembourg based NewSpace Capital raised €100million to invest in space companies advanced-television.com/2022/12/16/newspace-capital-raises-e100m Gender-diverse Visa Foundation invests €5m in Borski Fund in Netherlands for backing women-led businesses tech.eu/2022/12/21/borski-fund-becomes-first-vc-to-receive-visa-foundation-backing About Newnex Private Markets Newnex streamlines fundraisings, investments, portfolio management and reporting management in private markets. Private and Institutional investors Sign Up for Free and receive your deal flow in one investmnet flow. Startups and companies manage your fundraising process, commitments table and reporting management in one place. newnex.io/signup
Newnex Private Markets wishes you a Merry Christmas and a Happy New Year 2023! Join Newnex newnex.io/signup Newnex Private Markets is an open ecosystem for startups and investors to manage fundraising and investing. A collaborative way to fundraise, invest, manage portfolio and reporting in one platform. For Startups & Companies For Private Investors - HNIs, Accredited Investors and Business Angels For Institutional Investors - VCs, Family Offices and Corporates
Europe, UK and Israel Icelanding startup Drfitline raised $800k from Icelanding investors and public research funds. The app empowers sports people to access heart rate analytics. #healthtech arcticstartup.com/driftline-raises-800k-seed Netherlands based payment infrastructure startup raises €2m in a round led by PortfoLion Capital Partners tech.eu/2022/12/20/payment-infrastructure-startup-norbr-raises-eur2-million Swedish legal tech startup raises €3.2m seed to democratise IP services #seed #legaltech arcticstartup.com/digip-raises-e3-2m-seed Finland's market intelligence startup raises €400k from investors including Gorilla Capital, Sofokus Ventures #seed #marketingtech arcticstartup.com/statzon-raises-e400k Frecnch startup Sonio raises €10m through EIC Accelerator funding to improve the health of women and children through AI #healthtech businesswire.com/news/home/20221220005108/en/French-Startup-Sonio-raises-€10M-through-the-European-Innovation-Council-Accelerator-to-improve-the-health-of-women-and-children-through-AI Finnish fintech startup Membrance finance raises €2m seed round for a regulated EUR-based stablecooin #fintech #crypto arcticstartup.com/membrane-raises-e2m-seed USA US based Reach Power operting in wireless charging space raises $30m from a host of investors including DCVC, Y Combinator, Transform VC, Collaborative Fund. theregister.com/2022/12/05/reach_power_wireless_charging_funds US based blockchain startup Aztec Network raises $100m in a SeriesB round led by Andreessen Horowitz. Aztec Network is developing an encrypted version of Ethereum blockchain. siliconangle.com/2022/12/15/blockchain-startup-aztec-network-raises-100m-round-led-andreessen-horowitz Colorado based regenerative farming startup Mad Capital raises $4m with an aim to finance 10 million acres of farmland by 2032. #agtech bizjournals.com/denver/inno/stories/news/2022/12/20/boulder-mad-capital-raise-regenerative-farming.html India Indian human resource startup BetterPlace raises $40m extended Series-C from investors including Jungle ventures and British International Investment asia.nikkei.com/Spotlight/DealStreetAsia/Indian-human-resources-tech-startup-BetterPlace-raises-40m India based D2C startup Beco raised $3m funding round led by Rukam Capital, Climate Angels and actress Dia Mirza yourstory.com/2022/12/dia-mirza-and-climate-angels-join-beco-series-a-funding Mumbai based battery technology e-TRNL Energy raises $850k in a round led by Speciale Invest with participation from Micelio Mobility and CIIE (IIM-Ahemedabad) vccircle.com/earlystage-startups-e-trnl-energy-pheal-raise-funding About Newnex Private Markets Newnex is the open fundraising and investment management platform for startups, and private and institutional investors. Sign Up Free and join the authenticated ecosystem for managing your fundraising from investors including commitments table, address book. And investors to receive deal flow, chat, send investment interest and more. Sign Up here: newnex.io/signup
Weekly startup fundraisings from Europe, USA, India, and South East Asia. EU, UK and Israel Hotel tech startup Mews raises $185 million from Kinnevik and Goldman Sachs Asset Management. The company had previously raised $33million in 2019. skift.com/2022/12/15/hotel-tech-startup-mews-manages-hefty-185-million-raise-in-tougher-vc-environment Spanish startup CoverManager providing restaurant tech solutions raises €17 million Series-A extension for international expansion. eu-startups.com/2022/12/spanish-startup-covermanager-lands-a-fresh-e17-million-cash-boost-to-expand-its-restaurant-tech-solution Belgian data science / AI startup Tangent Works raises €4 million in a funding round to fuel global exppansion. tech.eu/2022/12/15/belgian-data-science-startup-tangent-works-raises-eur4-million Israel based Foodtech startup Equinom raises $35million. Equinom develops non-GMO crops optimized for food with minimal processing. The funding round was led by Sytnethesis Capital. calcalistech.com/ctechnews/article/hyiivfe00o UK based AI workflow startup Jaid raises £3m seed round from Sure Valley Ventures uktech.news/ai/jaid-seed-20221214 Belgium based Revend raises €1 million to protect e-commerce revenue in a round led by Pitchdrive eu-startups.com/2022/12/antwerp-based-revend-raises-e1-million-to-protect-e-commerce-revenue Rithium - a smart technology system for homes or businesses raised £250k seed funding from Jenson Fuding Partners, Capital Pilot Boost Fund and Crowdcube. businesscloud.co.uk/news/smart-home-connectivity-startup-rithum-raises-250k USA Defense Technology company Shield AI raises $60m Series-A at a valuation of $2.3 billion from one single fund US Innovation Technology Fund (USIT). techcrunch.com/2022/12/13/shield-ai-raises-another-60m-at-a-2-3b-valuation-for-its-military-autonomous-flying-tech US based recommerce startup Beni raises $4million in seed funding. Buoyant ventures led the funding round and Better ventures participated. retaildive.com/news/resale-tech-startup-beni-raises-4m/638726 Real Estate and infrastructure digital twin startup Willow raises $28.8 million. Institutional investors include Perennial Value Management, VGI Parteners and In-Q-Tel. startupdaily.net/topic/funding/digital-twin-software-startup-willow-tops-up-with-42-million-raise-at-a-lower-valuation India and South-East Asia Indian fashion startup Virgio raises $37million Series A in a round co-led by Prosus Ventures, Accel and Alpha Wave moneycontrol.com/news/business/startup/fashion-tech-startup-virgio-bags-37-million-funding-co-led-by-prosus-ventures-accel-alpha-wave-9716391.html Indian carbon farming startup Grow Indigo raises $6million from Indigo AG and HNIs. yourstory.com/2022/12/carbon-farming-startup-grow-indigo-6-million-dollars-funding India based air mobility startup Bumble Bee Flights raises $37 million from SRAM & MRAM Technologies economictimes.indiatimes.com/tech/funding/air-mobility-startup-bumble-bee-flights-raises-37-million-in-funding-from-sram-mram-tech/articleshow/96195596.cms Generative AI startup Hexo raises $270k pre-seed funding led by Antler India entrepreneur.com/en-in/news-and-trends/generative-ai-startup-hexo-raises-270000-in-pre-seed/441118 Spacetech startup GalaxEye Space raised $3.5million in seed round led by Speciale Invest vccircle.com/spacetechstartup-galaxeye-raises-seed-funding
Newnex is a cutting-edge digital-led venture capital (VC) platform designed to transform the way startups and investors engage in fundraising and investment management. With a deep understanding of the evolving landscape of venture capital, we recognize that the next decade will be marked by intense competition and the need for efficient digital solutions. Newnex streamlines and expedites the entire investment lifecycle, ensuring faster and more successful transactions.The venture capital industry has witnessed significant growth in recent years, with startups playing a crucial role in driving innovation and economic development. However, traditional VC practices have been plagued by inefficiencies, fragmented communication and lengthy processes, hindering both startups and investors from realizing their full potential. These inefficiencies lead to missed investment opportunities, delayed funding, and increased costs. Newnex is poised to change the status quo by introducing a digital-led approach that brings together the best practices of venture capital and the power of technology.Newnex is an end-to-end venture equity transaction focussed platform for getting deals done privately (not an open marketplace):VCs and Business Angels (all users authenticated):Get an investor profileSet your strategyCentralize your investment pipelineForward and refer deals to your networkChat with founders and other investorsFeature in the marketplace of investors Access the marketplace of startupsManage your portfolioSend and receive reportsManage Contacts and ListsShowcase your expertise and information (News and Views)Host and participate in eventsStartups (all authenticated):Get a Founder profileCentralise fundraising managementInvite investors on and off the Newnex platformCreate a link and share freely on LinkedIn, Email, WhatsAppChat with investors and collaboratorsFeature in the marketplace of startupsAccess the marketplace of investorsShare and receive reportsManage Contacts and ListsHighlight your innovation and progress (News and Views)Host and participate in eventsOthers in the Ecosystem:Get an ecosystem profileHighlight your activityManage Contacts and ListsHost and participate in eventsApply for Free access and get authenticated to join the Newnex network.www.newnex.io/signup