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Construction tech startups are poised to shake up a $1.3-trillion-dollar industry

TechCrunch

Allison Xu is an investor at Bain Capital Ventures, where she focuses on investments in the fintech and property tech sectors. Miscommunication and poor project data accounts for 48% of all rework on U.S. Lack of data transparency : Manual data collection and data entry are still common on construction sites.

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5 Qualities to Look for in a Remote Employee

Entrepreneurs' Organization

With a high volume of job applicants in fierce competition over your available position, you can capitalize on cheap labor—while also saving a ton of overhead cost you would have spent on a commercial lease, office supplies and utilities. However, employment opportunities are scarce. Tech-Savvy.

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Credit Suisse leads $20M Series A in data extraction startup Daloopa

TechCrunch

Accuracy in financial data collection “is mission critical,” but artificial intelligence models aren’t often able to get to 99% accuracy, whereas Daloopa is able to surpass that, Li said. Hacking my way into analytics: A creative’s journey to design with data.

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13 Best Practices for Financial Reporting in Startups

Startup Blogpost

To ensure the accuracy of financial reporting, it is imperative to establish a uniform data collection process that tracks the relevant data consistently. Create a dedicated bookkeeping schedule to uphold that consistency, preventing weeks or months of data from falling by the wayside.

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Inscribe bags $25M to fight financial fraud with AI

TechCrunch

His team was tasked with digitizing the onboarding process — particularly document-heavy manual review workflows — that were costing the bank millions of dollars every year and not catching fraud. Inspired by this, Burke and his twin brother, Ronan Burke, launched Inscribe , an AI-powered document fraud detection service.

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China’s work automation startup Laiye raises $160M, acquires France’s Mindsay

TechCrunch

Laiye’s Series C financing came in three tranches, with the last one to have recently closed at $70 million, an oversubscribed round led by influential Chinese private equity firm Hopu Magnolia. To fill the gap, he started Laiye in 2015.

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Venture capitalists eating our own dog food: Using technology and analytics to make better investments

David Teten VC

Private equity and venture capital investors are copying our sisters in the hedge fund world: we’re trying to automate more of our job. . But, most funds raise capital and source deals the same way people looked for dates 20 years ago: by networking at conferences (or bars). . Point Nine Capital uses Mention for media monitoring.