Ron Conway

Xaira Therapeutics Launches to Deliver Transformative Medicines by Advancing and Harnessing AI for Drug Discovery and Development

Retrieved on: 
Wednesday, April 24, 2024

Xaira Therapeutics launched today on a mission to help re-engineer the way we discover and develop medicines through the end-to-end application of emerging AI technologies.

Key Points: 
  • Xaira Therapeutics launched today on a mission to help re-engineer the way we discover and develop medicines through the end-to-end application of emerging AI technologies.
  • Xaira brings together three core elements: advanced machine learning research, expansive data generation to power new models, and robust therapeutic product development.
  • With leading talent and capabilities in each area, Xaira is building a platform for drug discovery and development that will advance multiple drug programs and unlock biological understanding to inform future discovery.
  • Xaira is building significant AI research capabilities spanning fundamental computational methods development and their application to biological discovery, the design of drug-like matter, and clinical development.

Leading AI-Powered Creative Studio, Captions, Expands to Web and Desktop

Retrieved on: 
Wednesday, April 10, 2024

Captions , the leading AI-powered creative studio downloaded by over 5 million users, today announced the expansion of its product suite to include web and desktop applications, joining their hero product, the Captions iOS app.

Key Points: 
  • Captions , the leading AI-powered creative studio downloaded by over 5 million users, today announced the expansion of its product suite to include web and desktop applications, joining their hero product, the Captions iOS app.
  • Captions for web and desktop allows users to enjoy the most popular features from the iOS app at a larger scale, supporting larger video files.
  • This product expansion builds on Captions’ mission to offer AI tools that reimagine the creation process and empower anyone, anywhere to effectively communicate and tell their story through video.
  • Since launching in 2021, the company has raised $40 million from investors, including Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, and SV Angel.

Hippocratic AI Raises $53 Million Series A at a $500 Million Valuation

Retrieved on: 
Monday, March 18, 2024

PALO ALTO, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- Hippocratic AI, the company building the first safety-focused Large Language Model (LLM) for healthcare, today announced the close of a $53 million Series A funding round at a $500 million valuation, bringing total funding to $120 million.

Key Points: 
  • PALO ALTO, Calif., March 18, 2024 (GLOBE NEWSWIRE) -- Hippocratic AI, the company building the first safety-focused Large Language Model (LLM) for healthcare, today announced the close of a $53 million Series A funding round at a $500 million valuation, bringing total funding to $120 million.
  • “Premji Invest supports the Azim Premji Foundation’s non-profit activities in perpetuity by investing in companies that can create long-term societal value.
  • “Hippocratic AI has grown rapidly due to sound execution and strategy, while prioritizing safety.
  • The results of these studies are presented in a paper released today called Polaris: A Safety-focused LLM Constellation Architecture for Healthcare.

Seso Closes $26M Series B to Build Critical Software for American Farmers

Retrieved on: 
Tuesday, April 2, 2024

Farmers everywhere will now have access to a comprehensive solution that will help them scale to meet seasonal demands and reduce reliance on pencil and paper.

Key Points: 
  • Farmers everywhere will now have access to a comprehensive solution that will help them scale to meet seasonal demands and reduce reliance on pencil and paper.
  • “Any farmer in America will tell you that the biggest risk to their business is labor,” explains Michael Guirguis, Seso’s Co-Founder and CEO.
  • Seso streamlines the process of applying to the H-2A visa program and digitizes the paperwork involved for both workers and employers.
  • Beyond streamlining the H-2A visa process, Seso helps farmers across the entire country use the latest software to manage their back-office workflows and HR documentation.

Aligned Marketplace Launches to Make Advanced Primary Care More Accessible to Employers

Retrieved on: 
Wednesday, April 3, 2024

PARK CITY, Utah, April 3, 2024 /PRNewswire/ -- Aligned Marketplace, a membership to a national network of value-based advanced primary care for employers, today announced it raised $8 million in a seed funding round led by A* Capital and Maverick Ventures, with participation from Box Group, EPIC Ventures, Liquid2 Ventures, SV Angel, and other angel operators.

Key Points: 
  • Founded in 2023, Aligned Marketplace provides personalized primary care to America's workforce through a curated network of independent, advanced primary care providers across the U.S.
  • The growing network includes a diverse set of in-person and virtual advanced primary care options, with over 3,000 advanced primary care clinics nationwide.
  • Aligned Marketplace solves these problems with its curated marketplace, providing one contract for employers to enable their employees to access numerous advanced primary care groups while only paying for advanced primary care if medical cost savings are generated through high-quality care.
  • Aligned Marketplace has signed up multiple employers and recently went live with advanced primary care groups and a publicly-traded employer in the healthcare industry with several thousand plan members across the country.

Architect Financial Technologies Completes $12M Investment Round to Expand Derivatives Brokerage and Trading Technology Businesses

Retrieved on: 
Wednesday, February 14, 2024

CHICAGO, Feb. 14, 2024 /PRNewswire/ -- Architect Financial Technologies, Inc. ("Architect" or "the Company"), an emerging leader in derivatives brokerage services and trading technology, has closed a $12 million capital raise.

Key Points: 
  • CHICAGO, Feb. 14, 2024 /PRNewswire/ -- Architect Financial Technologies, Inc. ("Architect" or "the Company"), an emerging leader in derivatives brokerage services and trading technology, has closed a $12 million capital raise.
  • The investment will support the imminent launch of Architect's US derivatives brokerage for retail and institutional investors, offered through its CFTC-regulated subsidiary Architect Financial Derivatives LLC, and will facilitate the Company's future expansion into US securities and security derivatives services.
  • In September 2023, the Company's subsidiary, Architect Financial Derivatives LLC, became an NFA-registered Independent Introducing Broker for CFTC-regulated derivatives.
  • The Company recently launched Architect Edge, a cross-asset market data and event monitoring platform, and Architect Match, a portfolio management and trade reconciliation platform for financial institutions.

Kiln Raises $17 Million in Funding to Power Global Expansion of Its Innovative Institutional Staking Platform

Retrieved on: 
Thursday, January 18, 2024

Today, leading enterprise-grade staking platform Kiln announces the close of a $17 million funding round led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC, LBank and further contributions from existing investors.

Key Points: 
  • Today, leading enterprise-grade staking platform Kiln announces the close of a $17 million funding round led by 1kx, with participation from IOSG, Crypto.com, Wintermute Ventures, KXVC, LBank and further contributions from existing investors.
  • Kiln’s white-label staking technology platform brings together stakers, node operators and integrators with multiple applications and has been growing steadily over the past 12 months.
  • Since its launch, Kiln has cemented itself as one of the largest staking platforms in the market and now the largest operator of Ethereum validator nodes according to Rated .
  • In late 2023, Kiln partnered with Ledger Live, Crypto.com and Coinbase to provide pooled staking services, allowing every ETH holder to access staking with any amount of ETH.

Distributional Raises $11M Seed Round led by Andreessen Horowitz to Make AI Safe, Secure and Reliable

Retrieved on: 
Thursday, December 14, 2023

The Seed round was led by Andreessen Horowitz with participation from Operator Stack, Point72 Ventures, SV Angel, Two Sigma, Willowtree Investments and dozens of AI leaders as angel investors.

Key Points: 
  • The Seed round was led by Andreessen Horowitz with participation from Operator Stack, Point72 Ventures, SV Angel, Two Sigma, Willowtree Investments and dozens of AI leaders as angel investors.
  • Whether due to hallucinations, instability, inaccuracy, or dozens of other potential challenges, it can be hard to identify, understand and address AI risk.
  • "Lack of reliability in AI systems is one of the biggest barriers to widespread enterprise adoption,” says Martin Casado, General Partner at Andreessen Horowitz.
  • Scott previously co-founded the pioneering AI startup SigOpt, which was funded by Andreessen Horowitz in 2016 and acquired by Intel in 2020.

AI Company Pika Raises $55M to Redesign Video Making and Editing

Retrieved on: 
Tuesday, November 28, 2023

Pika , an AI video platform that is redesigning the video-making and editing experience, announced its Series A funding round of $35 million, led by Lightspeed Venture Partners.

Key Points: 
  • Pika , an AI video platform that is redesigning the video-making and editing experience, announced its Series A funding round of $35 million, led by Lightspeed Venture Partners.
  • A video highlighting some of the new features of Pika 1.0 can be found here .
  • While other AI video tools are primarily focused on professionals and commercial use, Pika has designed a video-making and editing experience that is effortless and accessible to the everyday consumer and creator.
  • "Just as other new AI products have done for text and images, professional-quality video creation will also become democratized by generative AI.

Oisin Hanrahan and Umang Dua Announce $18 million in Seed Funding to Build International Platform for CPG Manufacturing

Retrieved on: 
Tuesday, November 14, 2023

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- Keychain, a manufacturing platform for the packaged goods industry, today announced that it has raised $18 million in seed funding in a round led by Lightspeed Venture Partners, with participation from BoxGroup, Afore Capital, SV Angel, and over 20 CPG industry professionals.

Key Points: 
  • By building the world's first comprehensive platform for the CPG supply chain, Keychain is bringing clarity and convenience to the industry for the first time.
  • Starting with a network of over 10,000 manufacturers, Keychain's proprietary, AI-powered technology helps brands quickly find the perfect manufacturing partners.
  • "We love what Oisin, Umang, Jordan and the team at Keychain are building," said Raviraj Jain, Partner at Lightspeed Venture Partners.
  • "They're tackling a thorny, real-world problem with smart technology and a deep understanding of how to build a marketplace.