H, the Paris startup founded by Google alums, made a big splash last summer when, out of the blue, it announced a seed round of $220 million before releasing a single product. Three months later, still without a product, that splash started to look like a catastrophic flood when three of the company’s five co-founders […]
Insurance has been fertile ground for artificial intelligence innovation, working as it does at the nexus of giant datasets, risk assessment, predictive analytics, fintech and customer service. Federato, a startup riding that momentum, has now raised $40 million to expand its business: an AI-powered underwriting platform to help insurers better understand and respond to risk.
Federato fixes insurance risk analysis with AI, raises $40M Read More »
As companies’ server infrastructure grows, they often run into challenges keeping tabs on the health of their various assets, like cloud instances and local data centers. Monitoring tools, also known as observability tools, can help — but lots of tools quickly becomes overwhelming. According to one survey, seven in 10 organizations believe that monitoring is
Data center monitoring firm LogicMonitor raises $800M at a $2.4B valuation Read More »
As companies’ server infrastructure grows, they often run into challenges keeping tabs on the health of their various assets, like cloud instances and local data centers. Monitoring tools, also known as observability tools, can help — but lots of tools quickly becomes overwhelming. According to one survey, seven in 10 organizations believe that monitoring is
Dennis Thankachan isn’t someone you’d expect would launch a digital procurement startup. After college, Thankachan went to work for Goldman Sachs as an investment banker. Two years later, he left for a hedge fund, PointState Capital, where he helped to manage equity investing. At PointState, which specializes in telecommunications, Thankachan said he encountered an unexpected
Lightyear is on a mission to modernize network procurement Read More »
In a tight labor market, the best way to attract and retain talent is to look after employee well-being. As Mexico is nearing full employment, this creates tailwinds for these endeavors, but with particular awareness that financial, physical, and mental health are interconnected. “The main problem to solve in Mexico is around financial matters,” said
Funding for European tech appears to have stabilised in 2024 after dropping precipitously in 2023, but the signs continue to point to more tough times ahead, according to the latest State of European Tech report. The annual survey — produced by European VC firm Atomico — notes that startups in the region are on track
Venture funding in Europe in 2024 fell to $45 billion, says Atomico Read More »
High-quality data may be the key to high-quality AI. With studies finding that data set curation, rather than size, is what really affects an AI model’s performance, it’s unsurprising that there’s a growing emphasis on data set management practices. According to some surveys, AI researchers today spend much of their time on data prep and
SuperAnnotate wants to help companies manage their AI data sets Read More »
People prefer texts over phone calls — especially when it’s a company on the other side. According to one survey, two-thirds of consumers say they’d switch to a company that offered texting as a contact option. With the text-message marketing industry expected to grow to $12.6 billion by 2025, it’s not surprising that vendors like
Text marketing firm Take Blip secures backing from SoftBank, Microsoft Read More »
OpenAI was at one point considering acquiring Cerabras, an AI chipmaking company that’s in the process of going public, according to new legal filings. Elon Musk’s ongoing lawsuit against OpenAI has new exhibits that describe how OpenAI was contemplating snatching up Cerebras in or around 2017 — a year after Cerebras’ founding, and just a
OpenAI at one point considered acquiring AI chip startup Cerebras Read More »
