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Celus, which uses AI to automate circuit board design, raises $25.6M

TechCrunch

Just about every electronic contraption you care to think of contains at least one printed circuit board (PCB), which serves to house and connect the various components that allow the device to function as a whole. Thus, the global PCB market is big business, expected to grow from a $60 billion industry in 2020 to $75 billion by 2027.

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New capital fuels Purely Elizabeth’s next natural food phase

TechCrunch

As Stein, CEO, worked with clients, she saw the need for specialized foods, like gluten-free, and what started as a side project — a blueberry muffin mix — was the catalyst for Purely Elizabeth and became her first product before moving into granola, which is what the company is known for today.

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An Early Investor's Postmortem of The Wing

This is going to be BIG.

That was a note that I got from a friend back in September of 2018. It always made more sense as a way to mix it up away from another workspace you were more anchored to—the “third place”. Do I use the word “difficult” because I’m generally more used to this behavior in men? Thought I'd share.” No one ever did.

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Kenya’s Lami raises $1.8M to scale API insurance platform across Africa

TechCrunch

Africa’s insurance market stands at a 3% penetration rate, per a McKinsey study in 2018 comparing six insurance regions on the continent. From the McKinsey report in 2018, the total gross written premiums (GWP) in Eastern Africa was $3.3 The product can also be used by partner businesses to manage their own insurance needs.

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A Meeting of Unreasonable Minds

Entrepreneurs' Organization

A successful entrepreneur, businessman and EO Bahrain member, Suhail Algosaibi had long thought about how he could use his position and his company—FALAK Consulting—to make real, radical and sustainable change in his corner of the world. For 2018 we are planning for 300-plus attendees. They came from eight countries in four continents.

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Exotel raises $40 million for its full-stack customer engagement platform

TechCrunch

Exotel, which counts Blume Ventures and IIFL Asset Management among its backers, has raised about $100 million in a mix of debt and equity rounds in the last 12 months. Indian ride-hailing giant Ola uses Exotel’s platform to send text messages to its customers. Others in the sector too got similar scares.

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UK’s Atom Learning picks up $25M from SoftBank for an AI-based online learning platform aimed at elementary school-aged students

TechCrunch

The Covid-19 pandemic ushered in a new chapter for virtual learning, giving a boost of attention to existing tools and spurring the creation of new services and use cases as students of all ages were ordered to stay home and stay out of classrooms. It is also notable for being Atom’s first outside funding.