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How Tech Leaders Are Using AI to Solve 10 Procurement Challenges

CIO

CIOs Need to Upskill Their Teams in AI and Cybersecurity The Challenge: 62% of IT leaders told IDC that a lack of skills had resulted in missed revenue growth objectives. AI in Action: AI automates repetitive procurement tasks, reducing human error, increasing efficiency, and freeing up your team to focus on strategic initiatives.

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Reserve Trust raises $30.5M to become the ‘Stripe for B2B payments’

TechCrunch

Historically, only banks were able to access these payment rails directly, which left both domestic and international fintechs “with limited partner options, poor technology and slow implementations when it came to embedding high-value B2B payments,” says COO Dave Cahill. All B2B startups are in the payments business.

B2B 257
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Founders of well-funded Egyptian B2B startup Capiter fired following fraud allegations

TechCrunch

Last September, Egyptian startup Capiter raised $33 million in Series A funding to compete in the country’s growing B2B e-commerce and retail space. Others described a workplace with poor management and no structure and a company finding it hard to onboard merchants to its platform while running out of money simultaneously.

B2B 255
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TechCrunch+ roundup: 3 key hiring metrics, building SDR teams, insurtech investor survey

TechCrunch

The expense involved in recruiting, training and onboarding a new employee who turns out to be a poor fit could be equivalent to 50% of that person’s first-year salary. “Pipeline generation at early-stage companies is expensive and time consuming, often more so than the sales process itself.

Metrics 242
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6 investors and founders spotlight SaaS, B2B and medtech as Wroclaw’s hot startup sectors

TechCrunch

In short, the city appears to be strong in areas such as B2B, SaaS, marketplace, B2C, gaming and medtech. Most of our VCs, in my opinion, are focused on B2B, SaaS or marketplace-like startups. It will develop more in the direction of sustainability (at least, we believe so). aw is quickly developing its startup ecosystem.

B2B 238
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How Typewise got into YC after pivoting to B2B productivity

TechCrunch

Typewise won a spot in YC (and its standard $500,000 backing) after pivoting to fully focus on the B2B market — aiming to serve demand for typing productivity gains in areas like customer service and sales, per co-founder David Eberle. “Last year we realized where this makes most sense,” he tells TechCrunch.

B2B 224
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From Ph.D. to boutique software developer: An interview with Solwey’s Andrew Drach

TechCrunch

” This point was seconded by other survey respondents, so we reached out to Drach and his team to learn more. More specifically, Solwey provides consulting in all stages of software design and development strategy and execution. How is your team structured? Why did you choose the boutique consultancy model?