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Maritime shipping, argued Fabian Fussek, CEO and co-founder of Kaiko Systems, is the “last frontier of digitzation.” ” Kaiko Systems is a Berlin-based startup trying to digitize operations on commercial vessels. ” So far the company has done more than 10,000 inspections for roughly 250 vessels around the world.
The company said the layoffs were part of “realigning our global workforce.” CEO Dennis Woodside said in an analyst call to discuss the earnings that Freshworks “ended the quarter with more than 69,600 total customers with a net add of more than 800 customers.” The reality is that a lot of companies did over hire at some point.
UIPaths 2025 Agentic AI Report surveyed US IT execs from companies with $1 billion or more in revenue and found that 93% are highly interested in agentic AI for their business. For some users, the net gains from AI agents could be life-altering. Another area is democratizing data analysis and reporting.
Still, CIOs have reason to drive AI capabilities and employee adoption, as only 16% of companies are reinvention ready with fully modernized data foundations and end-to-end platform integration to support automation across most business processes, according to Accenture.
Generative artificial intelligence ( genAI ) and in particular large language models ( LLMs ) are changing the way companies develop and deliver software. The chatbot wave: A short-term trend Companies are currently focusing on developing chatbots and customized GPTs for various problems. An overview. An LLM can do that too.
The company announced Thursday the opening of its production facility, dubbed “Mega Ranch,” in Colorado. Tyler Huggins, co-founder and CEO of Meati Foods, told TechCrunch that the company wasn’t actively seeking additional capital, but had decided to keep the Series C round open due to additional investor interest.
There’s a far superior alternative, but it’s time-consuming and manual — but Shinkei Systems has figured out a way to automate it, even on the deck of a moving boat and has landed $1.3 That is, unless you automate it, which is what Shinkei Systems has done. Image Credits: Shinkei Systems.
Engagement is Key: Keeping your talent pool warm and interested in your company. Imagine a talent pipeline as a continuous flow of skilled candidates, ready to step into open positions at your company. You’ll have a steady stream of top talent ready to contribute to your company’s growth. What is a Talent Pipeline?
“Most of the companies we have seen have an AI component to support the discovery or development processes,” Francisco Dopazo, a general partner at Humboldt Fund told TechCrunch recently. When evaluating ‘AI for drug discovery companies,’ I view AI as a tool,” Shaq Vayda, principal at Lux Capital, told TechCrunch.
Just like last year’s batches, about half of the companies in the W22 batch (where YC’s Standard Deal comes to full effect for the first time) are based outside of the United States. Robert Nyangate is the company’s CTO. ” Founders : Henry Mascot started a company in 2017 to help hospitals digitize records.
Latch, an enterprise SaaS company that makes keyless-entry systems, has raised $152 million in private capital, according to Crunchbase. Sunlight Financial, which offers point-of-sale financing for residential solar systems, has raised north of $700 million in venture capital, private equity and debt. from 2019 to 2020.
This funding will allow the Kenyan-based company to expand its business into Rwanda, DRC and Tanzania. On a call with TechCrunch, Rehmann narrated his journey to starting the company. We run a tech-enabled platform and have scaled 2x faster than any other African fish company. Joseph Rehmann founded Victory Farms in 2015.
It crashed some companies as assuredly as it gave others a boost. Roblox , the gaming company that targets kids, has been a beneficiary during the COVID-19 pandemic , as folks stayed home and, it appears, gave their kids money to buy in-game currency so that their parents could have some peace. Let’s talk about it.
Helion Energy , a clean energy company committed to creating a new era of plentiful, zero-carbon electricity from fusion, today announced the close of its $0.5 Round-leader Altman has been involved in the company as an investor and chairman since 2015. ” TechCrunch was surprised to learn of the company’s $1.5
Tetrate , the company commercializing an open-source networking project that allows for easier data sharing across different applications, has raised $40 million. Container security acquisitions increase as companies accelerate shift to cloud. “As Tetrate nets $12.5 Founded in 2018, Tetrate formally launched in 2019 with a $12.5
There are not many organizations that can take a hit on net profit due to monstrous restructuring costs, yet at the same time raise their operating profit projections for 2025, but SAP is one of them, according to its latest quarterly results released this week. It’s not that often that you’re going to switch systems.
The idea of starting Healthie , a software company meant to help healthcare companies and startups handle back-office operations, came to founder Erica Jain after witnessing her parents struggle with weight loss but lack of access to a comprehensive care team. In total, the company has raised $17.9 million patient records.
The energy sector has undergone significant transformation from the 1970s due to amazing economic growth, population growth, increased productivity, new technologies, and environmental goals. The phenomenal rise of solar and wind energy will continue at an unprecedented rate and create both new opportunities and challenges for energy systems.
Based in Warsaw, Poland, Intent assists a wide variety of companies with everything from product design and UX to development and deployment of connected devices. Our PM and UX teams also conduct workshops, as we typically work with net-new project types and things that we haven’t done before.
The suspects worked as remote IT professionals for front companies controlled by the North Korean government. The six-year cyber conspiracy netted North Koreas government at least $88 million , as it banked the IT workers hefty salaries and extortion payments. The indictment . government would respond to a major cybersecurity crisis?
Hackers have netted more than $1.7 Immunefi says its bug bounty platform for smart contracts and crypto projects enables security researchers to review code, disclose vulnerabilities and get paid to do so. It also allows companies to access security talent. And the stakes are high. And the problems are only getting bigger.
A company may have a good contact center, but ideally they are able to help customers before they need to make a call. At that time, contact center systems didn’t have that information, so James came up with a manual system to analyze thousands of Post-It notes transcribed by contact center representatives from customer calls.
Old-school systems probably didn’t quite do it for old-school oil and gas investments, but they damn sure don’t cut it for newer, greener, more sustainable technologies. With it, banks, financiers and developers should be able to automate and track complex project finance transactions with a unified risk and data management system.
Accacia gives large property owners a way to track their carbon impact in real-time by integrating with ERPs and property management systems like Yardi. Before Accacia, Talreja worked for more than 15 years in real estate, with companies like AECOM and Marriott. Founded in 2022 by Annu Talreja, Piyush Chitkara and Jagmohan Garg.
Welcome, friends, to TechCrunch’s Week in Review (WiR), the newsletter where we recap the week that was in tech. again: WeWork this week announced a net loss of $397 million for the second quarter on revenue of $877 million. If you haven’t already, sign up here to get WiR in your inbox every Saturday. Now, on with the recap.
The company announced it had de-booked a $700 million order for AI equipment due to what was described by CEO Antonio Neri as a concern with a specific customer. During the call on Thursday, chief financial officer Marie Myers said that, while revenue from AI systems orders were in-line with expectations of an estimated $1.2
It is still small-scale, and the most important thing we are doing that other companies should do is focus on the design, engineering and full-scale installations of vessels and the supporting systems to make a lot of it,” said Josh Tetrick, co-founder and CEO of Eat Just, which sells lab-grown chicken meat in Singapore.
Welcome back to Week in Review , the newsletter where we do a quick rundown of the most-read TechCrunch stories from the past week. The idea: When you’ve had a busy few days, you should be able to skim Week in Review and still have a good idea of what’s up lately in tech. Hello hello! Want it in your inbox? Sign up here.
Self-driving trucks startup TuSimple signaled it is close to testing its system without a human safety operator on public roads before the end of the year. ” If TuSimple can begin this program before 2022, it will put the company in one of the leading positions against the competition.
A startup called Secureframe believes that it has come on a solution with a system to automate this process for organizations, and today, it’s announcing $56 million in funding to fuel its growth. Customers also grew 7x in that period, with the list including companies like Stream, Dooly, Lob, Instabase, Slab and Doodle.
With more than 30,000 employees spread across more than 60 affiliate locations and 14 manufacturing sites around the world, pharmaceutical company Eli Lilly operates at a truly global scale. The Lilly Translate API and UI are delivered via a serverless tech stack built on Node.js, Python,NET, and Docker. Passion project pays off.
Due to the Thanksgiving holiday in the U.S., Get your product and customer success teams on the same page to improve net retention. SaaS startups that incrementally improve will stack small wins that have the potential to alter the company’s trajectory. Thanks very much for reading, and have a great week.
Doesn’t matter what company you’re building; that’s not thinking big enough at all. There’s no enduring company on the planet that is a $100 million revenue company. An enduring company is one that generates $100 million in free cash flow a week,” he said.
For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. But while big corporates and high net worth individuals have no issues accessing loans from banks in Nigeria, retail and SME segments are somewhat neglected at scale. 700 million (~$1.17
Roy Cohen believes that there’s a severe underinvestment in tech within the airline industry, with airlines continuing to rely on legacy systems and outdated infrastructures that date back decades. Fetcherr today closed a $12.5 ” That’s a lot to promise. ” That’s a lot to promise.
Figuring out the right text prompts to yield the best results with AI systems like OpenAI’s DALL-E 2 has become a science in its own right. PromptBase , launched in June, allows users to sell strings of words that net predictable results with particular systems. Prompt engineering. Maurice Sendak). ” The reason?
In 2005, three entrepreneurs — Vadim Vladimirskiy, Stuart Gabel and Niall Keegan — co-founded Adar, a Chicago-based company providing “streaming IT” and IT-as-a-service products mainly to small- and medium-sized businesses. Survey data illustrates the dramatic shift.
Artificial Intelligence (AI) systems are becoming ubiquitous: from self-driving cars to risk assessments to large language models (LLMs). As we depend more on these systems, testing should be a top priority during deployment. Tests prevent surprises To avoid surprises, AI systems should be tested by feeding them real-world-like data.
Digital transformation is expected to be the top strategic priority for businesses of all sizes and industries, yet organisations find the transformation journey challenging due to digital skill gap, tight budget, or technology resource shortages. Amidst these challenges, organisations turn to low-code to remain competitive and agile.
This would be extraordinarily useful for companies and developers.” ” Steinberger teamed up with Sebastian De Ro to found Magic, an AI-driven tool designed to help software engineers write, review, debug and plan code changes. The company argues that fair use — the doctrine in U.S.
We reviewed CB Insights’ global list of “40 of the Best VC Bets of all Time.” All of the 40 companies’ 92 founders were male. For example, Calendly’s Tope Awotona is Nigerian American; Sendgrid’s Isaac Saldana is Latinx; and Bumble’s Whitney Wolfe Herd is the second-youngest woman to take a company public. Of the 43 U.S.-based
The secondary markets — where stakeholders can sell private company shares to investors ahead of an IPO, acquisition or other exit — appear to be rebounding again as valuations drop, a slew of new dedicated secondary funds launch, and the backlog of highly valued unicorn startups swells.
In a survey conducted long before the pandemic began (in 2015), large companies — those with revenues in the range of $500 to more than $1 billion — pegged variability as the top challenge that they faced. Forecasting, also known as demand variability, has long been a hurdle for businesses reliant on the global supply chain.
Instead, Belvo wants to build a finance API, which takes in more information than is normally collected by such systems. The company operates under the premise that just because a significant number of the region’s population is underbanked doesn’t mean that they aren’t still financially active.
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