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Doing Diligence Well In Venture Investing: Going Back To The Future

Crunchbase News

By Nicolas Sauvage Due diligence has made a comeback. On an average deal, VCs would spend 118 hours on due diligence and call 10 references. The assumption was often that someone else had already done the diligence. With that, high-quality diligence has returned, and it is both art and a science.

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Four investors explain why AI ethics can’t be an afterthought

TechCrunch

It’s reasonable to ask what role ethics plays in the building of this technology and, perhaps more importantly, where investors fit in as they rush to fund it. So some onus lies on investors to make sure these new technologies are being built by founders with ethics in mind.

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‘Knowledge-as-a-service’ platform Lynk announces collaboration with UBS

TechCrunch

The startup has offices in New York, Hong Kong, Singapore, Mumbai, Shanghai and Toronto, and serves about 200 enterprise clients, including Fortune 500 corporations, investment firms and government agencies. Lynk’s technology uses machine learning algorithms to match clients with experts in its database.

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6 investors discuss why AI is more than just a buzzword in biotech

TechCrunch

“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. We also see AI being used in the biologics space, although the technology is used there far earlier. We are many more above this.

Biotech 242
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CrowdStrike incident has CIOs rethinking their cloud strategies

CIO

“The outcome of the review may still be the same decision but necessary to review,” Gupta said, adding that DishTV is already re-evaluating its cloud strategy in a phased manner after the Crowdstrike incident. Organizations and CISOs must review their cloud strategies, and the automatic updating of patches should be discouraged.

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Daily Crunch: In ‘an early experimental program,’ OpenAI opens waitlist for GPT Professional

TechCrunch

Didn’t expect that level of depth from your friendly neighborhood tech newsletter, didya? More companies are developing AI technology to help humans communicate, and DeepL, an AI-based language translator for businesses, is the latest to reap the benefits of investor hunger for companies like this. The TechCrunch Top 3.

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Nord Security, the startup behind NordVPN, raises its first-ever funding, $100M at a $1.6B valuation

TechCrunch

NordVPN and the other security and identity management products that Nord sells — they include the NordPass password manager, NordLocker for cloud sync and storage, NordLayer for network access for businesses and developer tools to build custom VPNs — have collectively grown to 15 million users over the years. firm Versprite.