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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. EdgeQ , Kneron , and Hailo are among the dozens of upstarts vying for customers, the last of which nabbed $136 million in October as it doubles down on new opportunities. ” Sima.ai

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LMS365, a learning management system built into Microsoft 365 and Teams, raises $20M

TechCrunch

Embedding a learning management system directly into workers’ core everyday tools is one of LMS365’s core selling points versus incumbents in the LMS space such as Workday , Eloomi , or TalentLMS. But why focus on delivering training through Microsoft, specifically, and not Zoom or Google’s cloud-based software suite?

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Defending a Startups Greatest Asset through Recession & Recovery

Tomasz Tunguz

UBP presented an opportunity to reinvent the account executive (AE) compensation model. AEs deliberately undersized the contract commitment to ensure customer happiness and create opportunities to re-engage the customer for expansion. Gross profit equals revenue minus COGS. Compensation. That’s important today.

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

TechCrunch

. “In today’s economic environment, Teampay’s software-led approach has proven resilient — as we saw in late 2020 to 2021, when the economy rebounds, Teampay benefits disproportionately through accelerated growth … We increased our debt facility for additional flexibility in uncertain times.” This year, $1.6

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

TechCrunch

The funding actually marked BTV’s first investment in a cohort member of its inaugural accelerator program. . Mort appreciates that TrustLayer is tackling the problem not by becoming the insurance broker, but by working with the incumbents as a software solution. and 11 “top-tier” insurance companies, also invested in TrustLayer.

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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.