🔻 What failed before might succeed now — and other startup bets
This week highlighted various innovative approaches in technology and investment, emphasizing that past failures don't preclude future successes.
1. Desalination Startups: A new wave of startups is focusing on deep-sea reverse osmosis, promising to produce water with 30% to 50% less energy than traditional methods.
2. Accelerator Shifts: Y Combinator is pivoting from developing markets, creating opportunities for local accelerators in Africa, supported by YC alumni.
3. WaveForms AI: This new audio AI startup aims to create more personable AI models, inspired by the film "Her," while avoiding dystopian outcomes.
4. Acquisition by Automattic: WPAI, a startup providing AI solutions for WordPress, is being acquired by Automattic to enhance WordPress' AI capabilities.
5. Funding Highlights:
Archer Aviation: Raised $430 million for its VTOL aircraft, totaling nearly $2 billion in funding.
Upvest: The Berlin-based startup secured €100 million ($105 million) for its stock-trading API.
Anybotics: This Swiss robotics firm raised $60 million to expand its autonomous inspection robots.
Flare: The Canadian startup closed a $30 million Series B to combat info-stealer malware.
Aqemia: The French AI drug discovery startup raised $38 million to support expansion.
Numia: The Argentine startup raised $3.5 million to integrate customer interaction data.
6. VC News:
The OpenAI Startup Fund raised over $44 million for new investments, despite not having OpenAI as an investor.
Dimension Capital secured a $500 million fund focused on tech and life sciences.
Tiger's 15th fund faced significant losses, reflecting challenges in the venture capital landscape.
Mitchell Green from Lead Edge Capital noted the oversaturation of capital in the market, leading his firm to pursue more controlled investment strategies, moving away from high-risk venture deals.
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This week highlighted various innovative approaches in technology and investment, emphasizing that past failures don't preclude future successes.
1. Desalination Startups: A new wave of startups is focusing on deep-sea reverse osmosis, promising to produce water with 30% to 50% less energy than traditional methods.
2. Accelerator Shifts: Y Combinator is pivoting from developing markets, creating opportunities for local accelerators in Africa, supported by YC alumni.
3. WaveForms AI: This new audio AI startup aims to create more personable AI models, inspired by the film "Her," while avoiding dystopian outcomes.
4. Acquisition by Automattic: WPAI, a startup providing AI solutions for WordPress, is being acquired by Automattic to enhance WordPress' AI capabilities.
5. Funding Highlights:
Archer Aviation: Raised $430 million for its VTOL aircraft, totaling nearly $2 billion in funding.
Upvest: The Berlin-based startup secured €100 million ($105 million) for its stock-trading API.
Anybotics: This Swiss robotics firm raised $60 million to expand its autonomous inspection robots.
Flare: The Canadian startup closed a $30 million Series B to combat info-stealer malware.
Aqemia: The French AI drug discovery startup raised $38 million to support expansion.
Numia: The Argentine startup raised $3.5 million to integrate customer interaction data.
6. VC News:
The OpenAI Startup Fund raised over $44 million for new investments, despite not having OpenAI as an investor.
Dimension Capital secured a $500 million fund focused on tech and life sciences.
Tiger's 15th fund faced significant losses, reflecting challenges in the venture capital landscape.
Mitchell Green from Lead Edge Capital noted the oversaturation of capital in the market, leading his firm to pursue more controlled investment strategies, moving away from high-risk venture deals.
💬 Source
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