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Revolution Growth’s Latest Investment in Healthcare and AI: Pathos, the Company Re-Engineering the…

Revolution

Revolution Growth’s Latest Investment in Healthcare and AI: Pathos, the Company Re-Engineering the Drug Development Process The oversubscribed $62M Series C will be used to expand the team, accelerate platform development, and advance its clinical-stage pipeline of precision oncology therapeutics.

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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. “Modular’s main competition is the mindset that dominates AI software development within Big Tech, and Big Tech itself,” Lattner said.

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Malaysia’s Mosti Prioritizes Tech Innovation and Startup Ecosystem in its Annual Budget

AsiaTechDaily

Register Malaysia’s Ministry of Science, Technology, and Innovation ( Mosti ) plans to push emerging technology and promote Science, Technology, Engineering, and Mathematics (STEM) education within the framework of Budget 2024. Minister Chang Lih Kang has outlined these focus areas in Mosti’s budgetary proposals.

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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. Another company competing in the increasingly saturated segment is Sima.ai , which is developing a system-on-chip platform for AI applications — particularly computer vision applications.

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AI chip startup Axelera lands $27M in capital to commercialize its hardware

TechCrunch

Several years ago, Fabrizio Del Maffeo and a core team from Imec, a Belgium-based nanotechnology lab, teamed up with Evangelos Eleftheriou and a group of researchers at IBM Zurich Lab to develop a computer chip. billion by 2025. Axelera’s test chip for accelerating AI and machine learning workloads. Image Credits: Axelera.

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Axio lands $23M to help companies quantify cyber risk

TechCrunch

Axio CEO Scott Kannry tells TechCrunch that the proceeds — which bring New York–based Axio’s total capital raised to $30 million — will be put toward product and engineering team development and supporting go-to-market functions and expanding across “key geographies.” Department of Energy.

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IBM acquires GraphQL startup StepZen to step up its game in API management

TechCrunch

GraphQL, developed internally at Facebook to help developers with API management before getting rolled out as an open-source query language in 2015, has gained traction as an alternative (or complement) to REST and other tools. Airbnb, Pinterest, PayPal and of course Facebook parent Meta are among the companies using it.

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