EvolutionaryScale, backed by Amazon and Nvidia, raises $142M for protein-generating AI
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EvolutionaryScale, backed by Amazon and Nvidia, raises $142M for protein-generating AI

A relatively new startup called EvolutionaryScale has secured a massive tranche of cash to build AI models to generate novel proteins for scientific research. EvolutionaryScale today announced that it raised $142 million in a seed round led by ex-GitHub CEO Nat Friedman, Daniel Gross and Lux Capital with participation from Amazon and NVentures, Nvidia’s corporate […]

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A relatively new startup called EvolutionaryScale has secured a massive tranche of cash to build AI models to generate novel proteins for scientific research. EvolutionaryScale today announced that it raised $142 million in a seed round led by ex-GitHub CEO Nat Friedman, Daniel Gross and Lux Capital with participation from Amazon and NVentures, Nvidia’s corporate
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

General Catalyst leads $40M round for Local Kitchens, a different kind of restaurant kitchen startup
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General Catalyst leads $40M round for Local Kitchens, a different kind of restaurant kitchen startup

Don’t call this company a “ghost kitchen.” Since its Series A in 2021, Local Kitchens grew 5x and achieved unit-level profitability.

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Don’t call this company a “ghost kitchen.” Since its Series A in 2021, Local Kitchens grew 5x and achieved unit-level profitability.
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Foray Bioscience is breaking down the barriers of bringing biomanufacturing to plants
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Foray Bioscience is breaking down the barriers of bringing biomanufacturing to plants

Ashley Beckwith spent years of her academic and professional career focused on the intersection of biology, materials and manufacturing to build medical solutions more efficiently. When she realized the tech could be applied to plants and plant-based materials, an area that desperately needed it, she decided to switch gears. “Life on earth is only as […]

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Ashley Beckwith spent years of her academic and professional career focused on the intersection of biology, materials and manufacturing to build medical solutions more efficiently. When she realized the tech could be applied to plants and plant-based materials, an area that desperately needed it, she decided to switch gears. “Life on earth is only as
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

TestParty raises $4 million to help automate the coding for accessible websites
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TestParty raises $4 million to help automate the coding for accessible websites

As of today, nearly all of the world’s most popular website homepages are not compliant with the Web Content Accessibility Guidelines.

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As of today, nearly all of the world’s most popular website homepages are not compliant with the Web Content Accessibility Guidelines.
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Etched is building an AI chip that only runs one type of model
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Etched is building an AI chip that only runs one type of model

As generative AI touches a growing number of industries, the companies producing chips to run the models are benefitting enormously. Nvidia in particular, which commands an estimated 70% to 95% of the market for AI chips, wields massive influence. Cloud providers from Meta to Microsoft are spending billions of dollars on Nvidia GPUs, wary of […]

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As generative AI touches a growing number of industries, the companies producing chips to run the models are benefitting enormously. Nvidia in particular, which commands an estimated 70% to 95% of the market for AI chips, wields massive influence. Cloud providers from Meta to Microsoft are spending billions of dollars on Nvidia GPUs, wary of
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Rocketlane snags $24M to bring AI-led experiences for professional services teams
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Rocketlane snags $24M to bring AI-led experiences for professional services teams

Rocketlane initially aimed to support customer onboarding. However, it has broadened its scope and doubled down on addressing the needs of professional services teams.

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Rocketlane initially aimed to support customer onboarding. However, it has broadened its scope and doubled down on addressing the needs of professional services teams.
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Chift lets SaaS companies integrate with dozens of financial tools with a unified API
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Chift lets SaaS companies integrate with dozens of financial tools with a unified API

Pennylane, Qonto, Agicap, Pleo and Mollie have one thing in common. They all use Chift in one way or another to manage integrations with other services. And this relatively young Belgium-based startup just raised a €2.3 million seed round ($2.5 million at today’s exchange rate). Many fintech startups rely on integrations to make their product […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Pennylane, Qonto, Agicap, Pleo and Mollie have one thing in common. They all use Chift in one way or another to manage integrations with other services. And this relatively young Belgium-based startup just raised a €2.3 million seed round ($2.5 million at today’s exchange rate). Many fintech startups rely on integrations to make their product
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

India’s Zyod raises $18M to expand its tech-enabled fashion manufacturing to more countries
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India’s Zyod raises $18M to expand its tech-enabled fashion manufacturing to more countries

The Gurugram-based startup works with Indian factories to help them manufacture fashion wear for global brands.

© 2024 TechCrunch. All rights reserved. For personal use only.

The Gurugram-based startup works with Indian factories to help them manufacture fashion wear for global brands.
© 2024 TechCrunch. All rights reserved. For personal use only.[#item_full_content]

Navigating the labyrinth: How AI tackles complex data sampling
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The world of artificial intelligence (AI) has recently seen significant advancements in generative models, a type of machine-learning algorithm that “learns” patterns from sets of data in order to generate new, similar sets of data. Generative models are often used for things like drawing images and natural language generation—a famous example are the models used to develop chatGPT.The world of artificial intelligence (AI) has recently seen significant advancements in generative models, a type of machine-learning algorithm that “learns” patterns from sets of data in order to generate new, similar sets of data. Generative models are often used for things like drawing images and natural language generation—a famous example are the models used to develop chatGPT.Machine learning & AI[#item_full_content]

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