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Komunal secures $8.5m to strengthen Indonesia’s neo-rural bank ecosystem

AsiaTechDaily

million to fund its mission to accelerate financial inclusion and strengthen the neo-rural bank ecosystem in Indonesia, especially outside the Greater Jakarta area. Lieviant said he is very optimistic that the collaboration between fintech and incumbent banks, including rural banks, will create a very strong synergy.

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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. A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars. ” Sima.ai

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

Today, Teampay has hundreds of customers and significant venture capital financing behind it. “Enterprises crave control and visibility over the finances, and this not only helps the IT department, but [also] enables all departments to make better aligned business decisions,” he added. It seems that his thesis was correct.

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Defending a Startups Greatest Asset through Recession & Recovery

Tomasz Tunguz

Lee headed finance for the company from $15m in ARR to more than $1b. During those processes, the team should collaborate on different scenarios and identify the signals to slow, maintain, or accelerate spending. Lee underscored the importance of involving a broader team in hard-financial decisions to build trust. Compensation.

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TrustLayer raises $6M seed to become the ‘Carta for insurance’

TechCrunch

Abstract Ventures led the financing, which also included participation from Propel Venture Partners, NFP Ventures, BoxGroup and Precursor Ventures. The funding actually marked BTV’s first investment in a cohort member of its inaugural accelerator program. . million in a seed round.

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Why TransUnion led blockchain fintech Spring Labs’ $30M Series B

TechCrunch

It’s raising a $30 million Series B, led by TransUnion — one of the largest incumbents in an industry that Spring Labs is looking to shake up. We knew a relationship with TransUnion in particular had the capacity to significantly accelerate our business,” he said.

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DynamoFL aims to bring privacy-preserving AI to more industries

TechCrunch

The technique trains a system across multiple devices or servers holding data without ever exchanging it, enabling collaborators to build a common system without sharing data. But a new startup, DynamoFL , hopes to take on the incumbents with a federated learning platform that focuses on performance, ostensibly without sacrificing privacy.