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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. “The appointment of Lip-Bu Tan as the newest member of Sima.ai’s board of directors is a strategic milestone for the company. . After emerging from stealth in 2019, Sima.ai

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The Feedback Loops in Data that Will Change SaaS Architecture

Tomasz Tunguz

For example, a financial analyst might use data from the CDW to project different scenarios for this year’s board plan. These two feedback loops accelerate, spinning the data flywheel pushing more information into the data warehouse. A data scientist might develop a churn prediction algorithm.

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Monzo Makes Money Work For Everyone

Y Combinator

In 2022 and beyond, Monzo’s revenues are likely to further accelerate as they benefit from cross border-travel, increased EU interchange rates, and new products. 2 Incumbent banks miss the mark in two crucial areas: The banking experience has not evolved to match modern consumer. Banking is a ubiquitous but hard to crack industry.

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ManageXR grabs $4 million seed round to scale XR business 

TechCrunch

ManageXR announced today it has raised a $4 million seed round led by Rally Ventures , with venture partner and previous lead angel investor Jay Borenstein joining the company’s board of directors. . ManageXR built an enterprise device management platform designed for VR and AR devices to serve as the core infrastructure for organizations.

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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

We’ve seen companies across the e-commerce infrastructure and enablement ecosystem pick up larger and larger rounds, and CommerceIQ is the latest to secure late-stage financing. As part of the investment, Priya Saiprasad, partner at SoftBank Investment Advisers, is joining CommerceIQ’s board of directors. “E-commerce Meanwhile, $1.1

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Tractable raises $60M at a $1B valuation to make damage appraisals using AI

TechCrunch

As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. Hover secures $60M for 3D imaging to assess and fix properties.

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Five Predictions for 2023

Tomasz Tunguz

More than 100 web3-enabled games launch. With hundreds of billions of dry powder, plenty of healthy cash flows generated by SaaS publics, & the leverage of the inevitable shareholder lawsuit if a board rebuffs the 30% premium of a tender offer, private equity becomes the dominant M&A option in dollar terms for 2023.

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