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

TechCrunch

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. construction job sites, costing the industry over $31 billion annually according to FMI research.

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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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5 Qualities to Look for in a Remote Employee

Entrepreneurs' Organization

Your remote workforce will be entirely reliant on technology to perform their essential duties—and the data collected since the coronavirus shutdown supports this. Microsoft Teams, a platform that allows users to share documents, send messages and chat over video saw a 500 percent uptick in conference calls. Tech-Savvy.

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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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Opal raises $4.3 million for its ‘digital well-being’ assistant for iPhone

TechCrunch

But unlike some VPNs on the market, Opal is committed to not collecting any personal data on its users or their private browsing data. Instead, its business model is based on paid subscriptions, not selling user data, it says. “There is zero private browsing data that leaves your phone,” Schlenker insists.

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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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