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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. An engineer by trade — Rangasaye was the COO at Groq and once headed product planning at Altera, which Intel acquired in 2015 — he says that he was motivated to start Sima.ai

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LMS365, a learning management system built into Microsoft 365 and Teams, raises $20M

TechCrunch

Embedding a learning management system directly into workers’ core everyday tools is one of LMS365’s core selling points versus incumbents in the LMS space such as Workday , Eloomi , or TalentLMS. Holst joined LMS365 last year from secure messaging company Wire , where he previously served as chief revenue officer.

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Headless CMS platform Kontent secures new capital to grow its customer base

TechCrunch

Kontent launched in 2015 as an internal startup of 18-year-old bootstrapped software developer Kentico. ” In 2015, Kentico started to explore the emerging trend of “headless CMSes,” trying to rethink some of the core concepts of content management and sell it as a software-as-a-service solution.

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Most fintechs partner with banks; Varo became one, and says it’s paying off

TechCrunch

It has raised nearly $1 billion since its 2015 inception and was valued at $2.5 For me, there was a huge opportunity in a space that the incumbents were not able to capture because a lot of it is the economics of their model and misaligned incentives.The world continues to unfortunately be made up of haves and have nots….There

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How a Little Bit of Fear Breeds Innovation

Entrepreneurs' Organization

In 2015, one of the largest healthcare intermediaries in the country presented us these challenges. Incumbent human processes were cumbersome, laborious, costly, slow and demoralizing. Ordering is decentralized, based on personal preferences in both products and vendors, and at variable prices without strong ties to clinical outcomes.

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

We profiled Rebag back in 2015, when its name included two “g’s,” (gotta love URL availability) and had raised $4 million in seed funding to go after incumbents like The RealReal. The market for venture capital is active and favorable, and we seized on that opportunity to accelerate funding,” he added.

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Online grocery company Misfits Market to acquire Imperfect Foods

TechCrunch

Meanwhile, Imperfect Foods, founded in 2015 to rescue and redistribute goods, brought in a total of $229 million, including a $110 million Series D round last year. When we are profitable, we will be able to take on all of these massive incumbents.”. That would be the next immediate step for us,” he said.