Tomorrow! Unicorn Pitches Competition Event in Lisbon! 🦄 Get ready for an exciting showcase of innovative startups vying for the title of the best startup. We are thrilled to present the full list of participants: PnPAI — Just as Uber transports you from Point A to Point B without needing to own a car, PnPAI propels your business from no AI to advanced AI without requiring an in-house AI team. Vixtape — Vixtape is a social TV platform that creates streaming channels by integrating smart contracts and AI curation models. Its mission is to transform the world’s media and pay creators fairly. SoulcareAI—SoulcareAI provides 24/7 personalised mental health support, empowering users to improve their well-being through AI-driven insights and compassionate care. It is accessible to individuals and businesses. Raily — MEETS ON THE MOVE - Raily is a social travel hub that connects people on the go while being power-charged by AI, AR, MR and Web3 capabilities. Jsonify — They use AI to turn websites and documents into useful structured data pipelines, automatically. KitLegit — KitLegit uses AI/ML technology to digitally authenticate sports merchandise through imagery. Their technology can be used by consumers or integrated into marketplaces, leagues, clubs and brands. Purpose Platform —- is a blockchain solution that allows coaches to reward users for progress in their mental and physical health. using the betting protocol for your personal growth. WiseWorld.ai — At WiseWorld they made soft skills measurable with an AI-powered, game-based platform designed to assess and empower employees through life-like challenges, providing managers with reliable data for better decision-making. Don't miss this opportunity to witness groundbreaking innovations and support these incredible startups! 📅 Date: July 9th, 2024 🕕 Time: 6:00 PM 📍 Location: Fintech House Lisboa by Sitio.pt, Av. Duque de Loulé 12, 1050-093, Lisboa 🔗 Register Now: https://lnkd.in/dDKbbgwA See you there! #UnicornPitchesLisbon #AI #AIFintechStartupPitch #Fintech #StartupCompetition
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As the adoption of GenAI grows in the country, varied applications, draped as horizontal and vertical solutions, are increasingly finding their use cases. Whether conversational tools, speech-to-text/speech-to-speech bots, text summarisation, or video generation, Indian startups seem to be taking charge of paving the future of this ingenious tech in the country👇 In 2024 alone, several new-age tech startups, including the likes of Highperformr.AI, Ayna, Gnani.ai, Clodura.AI and Vitra.ai, raised funding from investors such as Inflexor Ventures, Info Edge, Venture Highway, and Bharat Innovation Fund, just to name a few. However, worth noting is the fact that 91% of the money invested in Indian native GenAI startups to date has gone to companies that are building business or consumer applications around GenAI technology, according to Inc42’s latest report — The Rise Of India’s GenAI Brigade. Consequently, foundational solutions like LLMs and cloud infrastructure are seemingly less of a priority for the VC ecosystem. Substantiating this, a recent survey by Inc42 of over 50 VCs has revealed that 62% of the VCs prioritised startups building tools and applications on existing LLMs. Meanwhile, merely 11% see scope for startups in developing domestic open-source foundation models (LLM) and 19% in closed-source foundation models. To Read Why Are Investors Betting on AI Skyscrapers, Not Foundational Models, Click here: https://4-2.co/4eUmbB9 #Inc42InDepth #GenAI #tech #startups
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Over 50 panels are discussing AI during Web Summit Rio, but which Brazilian startups are truly investing in AI and securing investments? A recurring concern among investors is identifying the #startups that are heavily investing in #artificialintelligence beyond mere rhetoric. To tackle this challenge, Sling Hub has developed a pioneering methodology to classify companies that are harnessing AI in substantial ways. A dedicated squad delves into the specific details—such as whether the startup holds its own code patents, for instance 🔍 This innovative classification categorizes startups into two groups: AI-first, which have AI at their core and proprietary technology, and AI-enabled, which leverage AI to enhance their business without necessarily owning proprietary AI. Sling Hub's research for the first quarter of 2024 indicates that Brazilian AI-first and AI-enabled startups have raised over $110 million across 38 funding rounds. Seven Brazilian AI-first startups have raised $35 million, spread across seven rounds: Visio.ai, Fintalk, Traive, Cromai, Neowrk, Mantis-AI, and Delfos. #agfintech Traive secured the largest investment among them, receiving $20 million from Banco do Brasil. In Latin America, startups whose main value proposition revolves around intensive use of artificial intelligence have raised over $198 million across 54 investment rounds in Q1 2024. Among regional AI-first startups, the funding reached $56 million across ten rounds. Request a trial of Sling Hub's new AI methodology here: https://lnkd.in/dZYjxyW6
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📰 New perspectives and developments are brewing in the business ecosystem, learn more here. 👇 🔸The Browser Company is teasing Dia, an AI-driven browser that promises to rethink how we interact with the web. 👉 https://lnkd.in/dxEvxbUB 🔸mems aims to bridge the gap between digital convenience and physical experiences, showing us there’s life beyond the swipe. 👉 https://lnkd.in/dhtr4j4J 🔸Perplexity has just launched an AI shopping agent and shows how the race is accelerating as startups develop these AI agents to revolutionize online shopping. 👉 https://lnkd.in/dY-4bB_z #TechBusiness #News #BusinessNews #Startups
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🚀 Big shifts in the tech and startup world are reshaping the landscape of AI safety, startup accelerators, and emergency response systems! 🌐🚁 1️⃣ **Y Combinator Expands to Four Cohorts:** Y Combinator, known for backing companies like Airbnb and Stripe, is expanding to four annual cohorts, offering startups more frequent opportunities. While the batch sizes shrink to 100 startups per session, investors will now have year-round Demo Days to discover emerging ventures. 💡🚀📈 2️⃣ **OpenAI Co-Founder Launches New AI Safety Initiative:** Ilya Sutskever, former chief scientist at OpenAI, has launched Safe Superintelligence (SSI), an AI startup focusing on safety-first technology. With $1 billion in funding and a $5 billion valuation, SSI is poised to address critical concerns around AI’s societal risks, like misinformation and privacy abuses. 🧠💼🔒 3️⃣ **Prepared Raises $27M to Revolutionize Emergency Calls:** Prepared, a company enhancing emergency call systems, raised $27 million to scale its AI-powered platform. By enabling dispatchers to access real-time GPS, texts, and live video from iPhones, they’re helping reduce response times and improve accuracy in emergency situations. 📲🚨🆘 --------------- 🌟 Download the EnlightMe app for more Startup News ➡️ https://lnkd.in/dESWNncw 🎧 Or tune into our Innovation Pulse podcast on Spotify: https://lnkd.in/d9cWuJuV #EnlightMe #enlightmenews #TechNews #Innovation #Startups #YCombinator #AI #AIForGood #EmergencyResponse #OpenAI #SafeAI #DemoDay #911Tech #Prepared911 #VentureCapital #EnlightMe
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On average, it took just over 7 years for today’s unicorns to reach the billion-dollar mark from when they were founded. This is relatively stable across industries — ranging from 6.6 years for financial services to 7.7 years for healthcare — until you zoom in on generative AI startups. There are 34 generative AI unicorns, and they’ve collectively averaged just 3.9 years to hit unicorn status — 45% less than all other unicorns. https://bit.ly/3TJyR5p
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Venture funding for B2B AI startups stands at $16.4 billion this year. The amount going to their B2C counterparts is less than half that, at only $7.8 billion. For generative AI startups specifically, deal value for B2C is only 6.4% of B2B’s current total for 2024. https://bit.ly/3OK2C3N
Where are all the consumer AI startups—and why aren't VCs funding them? - PitchBook
pitchbook.com
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‘Vertical solutions are designed to cater to industry-specific requirements while horizontal GenAI solutions are sector-agnostic. An industry-specific case in point is OnFinance, which is a GenAI SaaS solutions provider for the financial sector. Similarly, GenAI platforms such as Boltzmann and immunitoAI are developing solutions focussed on healthtech. In fact, 84% of Indian VCs today prefer industry-focussed startups over general-purpose solutions.’
Why Indian VCs Are Banking On Vertical GenAI Startups Over General-Purpose Solutions
inc42.com
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Top 5 Series A StartUps In the World that You Need Know About- 1. Mistral AI (Paris, France) - Specializing in artificial intelligence, Mistral AI has attracted significant attention with its substantial Series A funding of $415 million. The company focuses on developing open-weight models and is involved in regulatory discussions around the EU’s AI Act (TopStartups). Squint (San Francisco Bay Area, USA) - This augmented reality startup focuses on B2B applications and raised $13 million in Series A funding, showcasing its potential in transforming business interactions with physical objects (Startup Booted). 2. LangChain (San Francisco Bay Area, California, USA) - Focused on making it easier to build language model-powered applications, LangChain secured $25 million in Series A funding, emphasizing its promising technology in the AI and developer tools space (TopStartups). 3. Pika (San Francisco Bay Area, California, USA) - An idea-to-video platform that simplifies content creation, Pika raised $35 million in its Series A, indicating strong market confidence and a high valuation of $200 million (TopStartups). 4. Fay (San Francisco Bay Area, California, USA) - Operating in the consumer, e-commerce, and healthcare sectors, Fay aims to revolutionize the food industry with a $26 million Series A funding to enhance how people eat and live (TopStartups). 5. Dashbot.io (San Francisco Bay Area, USA) - A conversational data analytics firm, Dashbot.io has raised a total of $14 million, proving its utility and innovation in the ever-evolving tech landscape (Failory). #SeriesA #StartupFunding #Innovation #TechStartups #VentureCapital #ArtificialIntelligence #AugmentedReality #HealthTech #FinTech #ConsumerTech #Entrepreneurship #StartupLife #InvestmentTrends #SiliconValley #GlobalStartups
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TinyCheque: India's AI Venture Studio is Open for Business 🚀 🇮🇳 My co-founder, Udit Goenka, and I saw a gap. India is bursting with AI talent, but many brilliant ideas never make it to market. That's where TinyCheque comes in. Think of us as your AI innovation launchpad: - Venture Studio Model: We nurture startups from ideation to impact, providing the structure and resources to turn AI potential into reality. - India-First, Global Focus: We're proving India can lead in applied AI, building solutions relevant worldwide. - The Data Speaks: AI-powered SaaS is booming – projected to hit $145B+ globally by 2025. TinyCheque puts India on the map in this explosive market 🚀 Are you... - A Problem Solver? Frustrated by inefficiencies AI could transform? Let's turn those pain points into profitable businesses. - An AI Visionary? Got an idea that could disrupt your industry? We'll help you build it. TinyCheque isn't just about funding, it's about doing. Let's shape the future of AI, together. #SaaS #AIforBusiness #Growth
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The landscape of unicorn startups has seen a notable shift in May 2024. Seven companies achieved unicorn status, with AI and Web3 sectors leading the charge. The standout is xAI, an AI foundation model company, which alone added a staggering $24 billion in value after raising $6 billion in Series B funding. Last month’s growth reflects a broader trend of investor confidence in AI and Web3 technologies, despite a general slowdown in unicorn creation compared to previous years. The significant valuation of xAI, backed by prominent investors, underscores the high expectations and potential within the AI industry. As the market continues to evolve, it will be interesting to see how these sectors develop and what new innovations will emerge from these investments. What are your thoughts on the future of AI and Web3 startups in the current investment climate? #UnicornStartups #AI #Web3 #VentureCapital #TechInvestment
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