article thumbnail

Galileo emerges from stealth to streamline AI model development

TechCrunch

After all, AI is costly — Gartner predicted in 2021 that a third of tech providers would invest $1 million or more in AI by 2023 — and debugging an algorithm gone wrong threatens to inflate the development budget. ” Chatterji has a background in data science, having worked at Google for three years at Google AI.

article thumbnail

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.

startup 95
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Indonesia’s Astro raises $60M to work on 15-minute grocery delivery

TechCrunch

Founded by Tokopedia veteran Vincent Tjendra , Astro plans to spend its funding proceeds on user acquisition, product development and hiring more staff to add to its current team of 200. The e-grocery delivery market in Indonesia is projected to reach $6 billion by 2025.

article thumbnail

Z?m wins $150M from San Francisco schools to modernize and electrify student transport

TechCrunch

The company intends to use the funds to lease vehicles, hire drivers — a mix of salaried employees and gig economy workers — improve customer and operational support, and research and develop product enhancements to support the contract, a spokesperson for Z?m m’s goal to help SFUSD electrify its entire fleet by 2025.

article thumbnail

Akeyless secures a cash infusion to help companies manage their passwords, certificates and keys

TechCrunch

Today, Akeyless is thriving, Angel tells me — despite fierce competition from incumbents like Hashicorp Vault, AWS Secrets Manager and Google Cloud’s Secret Manager. In software development, “secrets” refer to credentials like passwords and access tokens. billion by 2025. .” billion by 2025.

article thumbnail

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

TechCrunch

Rebag , which buys, sells and trades luxury items like handbags and accessories, raised a $33 million Series E round following a year of technology development and category expansion. Gorra intends to use the new capital to continue technology development on those tools, to add to Rebag’s workforce of 150 people and expand its marketing.

article thumbnail

Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

Put simply, Melon is developing tech and fulfillment infrastructure — or the backend — to enable small and medium e-commerce merchants to “easily” sell and grow across multiple channels such as Shopify, Instagram and Amazon, and then deliver almost anywhere in the region.