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Best Buy investing millions in Brown Venture Group, a firm exclusively backing BIPOC founders

TechCrunch

Brown Venture Group co-founder and managing partner Dr. Paul Campbell said that in the early days of forming the firm, he and co-founder Dr. Chris Brooks were told by “multiple people locally” that they should leave the Twin Cities metro area because “all the capital was on the coasts.”.

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Modular closes $30 million seed round to simplify the process of developing AI systems

TechCrunch

But if you ask the co-founders of Modular , a startup emerging from stealth today, the software used to develop it is “monolithic,” fractured into silos piled with layers of complexity. AI has transformative potential. Modular aims to change that.

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Ample’s founder explains what it takes to scale EV battery swapping

TechCrunch

Billions of dollars have gone into developing batteries that can handle fast charges as well as chargers that can top up a vehicle in as little as 20 minutes. Beijing is throwing its weight behind a few companies advancing the technology as part of its broader plan to ensure 25% of all cars sold are electric by 2025.

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Mage aims to be the ‘Stripe for AI;’ raises $6.3M for developer tools to build AI into apps

TechCrunch

Mage , developing an artificial intelligence tool for product developers to build and integrate AI into apps, brought in $6.3 Founder Tommy Dang started the company at the end of 2020 after working together to build internal low-code tools at Airbnb. million in seed funding led by Gradient Ventures. Mage dashboard.

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ByteDance Co-Founder Resurfaces with New Venture in Hong Kong After Two-Year Absence

AsiaTechDaily

Register Zhang Yiming, the co-founder of ByteDance, the parent company of the popular social media platform TikTok, has established a new private investment fund in Hong Kong. Earlier this month, Zhang made a donation of 200 million yuan to the Fangmei Education Development Fund, supporting vocational and arts education in his hometown.

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Daily Crunch: Amazon’s new Bedrock cloud service lets developers incorporate generative AI

TechCrunch

100 million, diversified : MassMutual launches $100 million fund to invest in diverse founders , Dominic-Madori reports. million to help developers securely connect software services , Kyle reports. TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. Finance, meet regulation.

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Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across Africa

TechCrunch

Andela co-founder Christina Sass, and former Andela executives Jessica Chervin, Justin Ziegler, as well as Johnny Falla, who currently serves as chief development and growth officer at Wowzi, took part in the round too. Wowzi co-founders (l-r) Mike Otieno, Hassan Bashir and Brian Mogeni. Image Credits : Wowzi.

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