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The next wave of supply-chain innovation will be driven by startups that help incumbents win

TechCrunch

The shift to collaborative robots means the rise of robotics as a service. For years, the prevailing narrative for innovation in supply chain has focused on the disruptors: Upstarts that enter the industry with new technologies and business models to displace incumbents. The recurring second wave of innovation.

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How to Build a Team That Can Navigate Your Business Through Difficult Times

Entrepreneurs' Organization

When conducting interviews, be sure to ask for specific examples of each candidate’s ability to act decisively; look for a quick, strategic mind that can develop and implement innovative solutions. Meanwhile, it’s incumbent on you as the CEO to create an environment that encourages action-oriented behavior. Collaborative.

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FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services

TechCrunch

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

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Putting Data in a Corner: LLMs and Financial Services Data

Andreessen Horowitz

For new entrants looking to take advantage of the advent of LLMs and disrupt the status quo by going upstream of these incumbents, we’ve done a deep dive into Bloomberg, Morningstar, and Verisk’s stories. In doing so, each built the beginnings of what are now category-defining businesses.

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

TechCrunch

Mort appreciates that TrustLayer is tackling the problem not by becoming the insurance broker, but by working with the incumbents as a software solution. Mort acknowledges that much of the innovation in fintech has historically focused on the banking industry while the insurance industry has been slower to innovate.

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Immi takes in $3.8M to cook up plant-based instant ramen

TechCrunch

“My dad still eats instant ramen each night, and it is such a massive market: 4 billion packets are sold per year, but it is also a product that has been dominated by the same three incumbents for years.”. It costs a lot of money to innovate in this industry, and it is exciting for myself and family to have something that we can grab and go.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

“The funding will be used to accelerate scaling of the engineering and business teams globally, and to continue investing in both hardware and software innovation,” founder and CEO Krishna Rangasayee told TechCrunch in an email interview. It brings Sima.ia’s total capital raised to $150 million. ” Sima.ai