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The Rising Stakes in SaaS

Tomasz Tunguz

Last week, I participated in two discussions about the changes in the SaaS world. The level of competition in many core SaaS segments is intense. The SaaS era is about 20 years old. Over that 20 year period, annual SaaS investment has increased 20x, peaking in 2014 at $7B. The table stakes in SaaS are rising.

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Sila banks $13M to offer single API for developing financial products, services

TechCrunch

He saw a need for financial application development, but was hindered by a banking system “still stuck in the 20th century.” Its banking APIs enable developers to create their own digital wallets, replacing the need to integrate with legacy financial institutions. Investors, founders report hot market for API startups.

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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. ” Chatterji has a background in data science, having worked at Google for three years at Google AI.

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Commercializing AI in Healthcare: The Enterprise Buyer Perspective

Andreessen Horowitz

Some organizations pride themselves on building their own tech stack in certain areas like patient experience, where others tend to look externally first before considering custom development. The level of investment scales based on product development approach. Transparency is critical.

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The 4 Questions Startups Should Ask Themselves about Building with Generative AI

Tomasz Tunguz

Market : how to compete with incumbents? Moats : how to develop competitive advantage? Usage & distribution, like in classical SaaS, are likely the most sustainable & repeatable. Startups have negative time to launch in many markets with Adobe, Microsoft, & Salesforce launching Gen AI enabled software in weeks.

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Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

Specifically, its latest offering is designed to serve subscription, membership and SaaS (software-as-a-service) service companies. For its part, Pipe came out of the gate with the same SaaS focus but has since expanded to working with non-SaaS companies as well. We are a tech play underneath,” Johnston explains.

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Truepill’s latest funding boosts valuation to $1.6B as it works on B2B side of healthcare

TechCrunch

After developing a network of telehealth, diagnostics and pharmacies for consumers, digital health company Truepill is targeting healthcare incumbents like health payers, providers and employer groups. We often worry about access, but Truepill is in an interesting spot,” he added. “We