Month: April 2023

CB Insights: Indian startups raised just $2B in Q1, down 75% YoY and the smallest quarterly total in nearly three years, across 271 startups, down from 561 YoY (M. Sriram/Reuters)

M. Sriram / Reuters: CB Insights: Indian startups raised just $2B in Q1, down 75% YoY and the smallest quarterly total in nearly three years, across 271 startups, down from 561 YoY  —  A funding squeeze at Indian startups that has already led to layoffs and delayed stock listings is set to worsen as investors

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A look at Itana, a controversial startup city set to be built near Lagos in partnership with Binance and investors like Peter Thiel-backed Pronomos Capital (Wired)

Wired: A look at Itana, a controversial startup city set to be built near Lagos in partnership with Binance and investors like Peter Thiel-backed Pronomos Capital  —  Nigeria’s Itana partnered with Binance and the Charter Cities Institute to build a physical tech hub near Lagos, but the plan has sparked controversy.

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Some software firms are facing large tax bills after US lawmakers failed to renew a provision letting companies to fully expense R&D costs in the year incurred (Eric Rosenbaum/CNBC)

Eric Rosenbaum / CNBC: Some software firms are facing large tax bills after US lawmakers failed to renew a provision letting companies to fully expense R&D costs in the year incurred  —  – Congress failed to extend a key tax provision last year allowing companies to fully expense research & development costs …

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NYC-based Odeko, which offers operations software to independent coffee shops and cafes, raised a $53M Series D, bringing its total equity funding to $177M (Christine Hall/TechCrunch)

Christine Hall / TechCrunch: NYC-based Odeko, which offers operations software to independent coffee shops and cafes, raised a $53M Series D, bringing its total equity funding to $177M  —  When the global pandemic hit, independent restaurants and shops that didn’t already have an online ordering system …

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Miovision, which helps cities manage traffic flows using AI, acquires Global Traffic Technologies for $107M, after raising $150M from Maverix, Telus, and EDC (Globe and Mail)

Globe and Mail: Miovision, which helps cities manage traffic flows using AI, acquires Global Traffic Technologies for $107M, after raising $150M from Maverix, Telus, and EDC  —  Miovision Technologies Inc. has made a pivotal acquisition financed by three large Canadian technology investors, establishing the Kitchener …

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NYC-based Odeko, which offers operations software to independent coffee shops and cafes, raised a $53M Series D, bringing its total equity funding to $177M (Christine Hall/TechCrunch)

Christine Hall / TechCrunch: NYC-based Odeko, which offers operations software to independent coffee shops and cafes, raised a $53M Series D, bringing its total equity funding to $177M  —  When the global pandemic hit, independent restaurants and shops that didn’t already have an online ordering system …

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Native Alaskan Language Reshapes Mathematics

The languages we speak influence the way that we see the world, in ways most of us may never recognize. For example, researchers report seeing higher savings rates among people whose native language has limited capacity for a future tense, and one Aboriginal Australian language requires precise knowledge of cardinal directions in order to speak

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Avalor, which lets cybersecurity teams aggregate, normalize, de-duplicate, and track risk data from discovery to remediation, raised a $25M Series A led by TCV (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: Avalor, which lets cybersecurity teams aggregate, normalize, de-duplicate, and track risk data from discovery to remediation, raised a $25M Series A led by TCV  —  Security has a data problem.  That’s according to Kfir Tishbi, who led the engineering team at Datorama, a marketing analytics company …

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Cosmonic WebAssembly PaaS connects with Kubernetes

Cosmonic, a WebAssembly PaaS (platform as a service), has reached its open beta stage. With the launch, Cosmonic now features Cosmonic Connect, a set of connectors that simplify integrating third-party technologies, such as Kubernetes, with WebAssembly. Built on the Cosmonic-maintained wasmCloud project, the Cosmonic PaaS is intended to enable developers to scale WebAssembly, or Wasm,

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The European Union strike a provisional deal for its ~$47B Chips Act, which aims to double the bloc’s share of global chip output to 20% by 2030 (Foo Yun Chee/Reuters)

Foo Yun Chee / Reuters: The European Union strike a provisional deal for its ~$47B Chips Act, which aims to double the bloc’s share of global chip output to 20% by 2030  —  The European Union on Tuesday agreed a 43 billion euro ($47 billion) plan for its semiconductor industry in an attempt to catch

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Microsoft and Epic Systems partner to bring Azure OpenAI services, including GPT-4, to help automate some processes in Epic’s electronic health record software (Benj Edwards/Ars Technica)

Benj Edwards / Ars Technica: Microsoft and Epic Systems partner to bring Azure OpenAI services, including GPT-4, to help automate some processes in Epic’s electronic health record software  —  Generative AI promises to streamline health care, but critics say not so fast.  —  On Monday, Microsoft and Epic Systems announced …

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RoboGaggia Makes Espresso Coffee On Its Own

[Nicholas DiPatri] very much loves his Gaggia Pro. It’s an amazing espresso machine, but it’s also kind of fussy and requires a lot of manual attention to brew a cup. As an engineer, he set about fettling the machine to run with a little less oversight. Enter RoboGaggia. Stock, the Gaggia Pro requires regular water

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Semgrep, formally r2c, which offers tools to help devs scan for vulnerable code, raised a $53M Series C led by Lightspeed, bringing its total funding to $93M (Ron Miller/TechCrunch)

Ron Miller / TechCrunch: Semgrep, formally r2c, which offers tools to help devs scan for vulnerable code, raised a $53M Series C led by Lightspeed, bringing its total funding to $93M  —  Ideally, when it comes to building secure applications, it’s best to check the code as it moves through the development process …

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Cyber risk quantification startup Safe Security raised a $50M Series B led by Sorenson Capital (Michael Novinson/BankInfoSecurity.com)

Michael Novinson / BankInfoSecurity.com: Cyber risk quantification startup Safe Security raised a $50M Series B led by Sorenson Capital  —  Generative AI Can Help Nontechnical Executives Better Understand Security Posture  —  A cyber risk quantification startup backed by ex-Cisco CEO John Chambers has raised $50 million …

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