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When AI Favors the Incumbents

Tomasz Tunguz

Teams will summarize meetings, create chapters in those meetings, extract tasks, translate in real time, & develop templates for future meetings. Incumbents have lept onto advances in generative machine learning more aggressively than any trend in recent technology history. Mobile, cloud, social - startups led each of those waves.

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Four Fundamental Innovations of Web3 that Will Upend Web2 Incumbents

Tomasz Tunguz

Crypto companies access pools of capital web2 companies cannot because the regulation doesn’t exist. Foundations endowed with significant token stakes fuel the ongoing protocol development, balancing the capitalism needed to fuel progress with the benevolence intrinsic to the open-source ethos. There’s one more!

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Headless CMS platform Kontent secures new capital to grow its customer base

TechCrunch

Kontent, a platform designed to help companies manage business-related content in the cloud, today announced that it raised $40 million from Expedition Growth Capital as part of a growth capital infusion. Kontent launched in 2015 as an internal startup of 18-year-old bootstrapped software developer Kentico. “Kontent.ai

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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. million in total venture capital. With Galileo, which today emerged from stealth with $5.1

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Digital freight forwarder Forto raises another $50M in round led by Inven Capital

TechCrunch

The round was led by Inven Capital, a growth fund out of the Czech Republic. Additional investment came from Iris Capital, with strong participation from current investors, including Rider Global, Northzone, Cherry Ventures and the Italian venture fund H14. It’s now raised $103 million since its launch in 2016.

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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.

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Lowercarbon Capital and Gradient Ventures Invest $9M in Quilt for Advanced Residential Heat Pump System

American Entrepreneurship

The company’s mission to reduce home-based fossil fuel dependency has attracted additional support from Incite Ventures, MCJ Collective, Garage Capital, Climate Capital, and Spacecadet. Quilt has developed a highly efficient electric heat pump system that is controlled through a first-of-its-kind integrated software platform.

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