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Workflow automation startup Parabola raises $24M Jun 29, 2023

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Parabola, a San Francisco-based startup that uses AI to help expedite back-office processes, particularly in the logistics and ecommerce sectors, today announced that it raised $24 million in a Series B funding round.

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Astrix Security, which uses ML to secure app integrations, raises $25M Jun 29, 2023

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Astrix Security, a platform that helps companies manage and secure third-party app integrations, today announced that it closed a $25 million Series A funding round led by CRV with participation from Bessemer Venture Partners and F2 Venture Capital.

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AWS launches $100M program to fund generative AI initiatives Jun 28, 2023

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Amazon, keen to avoid being left behind in the hyper-competitive AI race, is launching a new program to invest in startups and organizations focused on generative AI.

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BentoML scores $9M funding to expedite AI app development Jun 28, 2023

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The success of large language models like GPT has sparked a frenzy of developers eager to make AI-powered applications.

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ThoughtSpot acquires Mode Analytics, a BI platform, for $200M in cash and stock Jun 27, 2023

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ThoughtSpot, an AI-powered analytics platform last valued at $4.5 billion, today announced that it’s entered into a definitive agreement to acquire Mode Analytics, a business intelligence startup, for $200 million in cash and stock.

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French VC firm Frst reaches $80 million first close for its new seed fund Jun 26, 2023

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Frst, the Paris-based VC firm with no vowel in its name, is in the process of raising its second fund.

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Plastic upcycling startup Kubik closes $3.34M seed to scale production in Ethiopia Jun 22, 2023

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The amount of plastic waste produced globally is on track to triple to over 1,000 million tonnes by 2060. The OECD report predicts that developed countries will continue to produce the most plastic waste per person, although emerging regions like Africa and Asia are expected to experience the fastest growth owing to rapid population growth.

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Supercritical, a carbon removal marketplace aimed at tech firms, raises $13M Series A led by Lightspeed Jun 22, 2023

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Supercritical, the carbon removal marketplace aimed (at the moment) mainly at tech companies that want to hit ‘net zero’, has raised a $13 million Series A funding round, led by Lightspeed Venture Partners. The round includes funding from RTP Global, Greencode Ventures, MMC Ventures and others.

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Notarize launches Proof to ensure safe online transactions Jun 21, 2023

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Notarize, the world’s largest online notary network, is launching Proof, a new company and platform for digital identity verifications. Beginning in August, Notarize’s business tools will be rebranded to Proof, and it is also changing its company name to Proof. Notarize will continue serving its online notary network, which is used by companies like Adobe.

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BetterBrand’s new dough raises company’s valuation to over $170M Jun 21, 2023

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In late 2022, BetterBrand found success on Whole Foods Market shelves, driving over $1 million in gross sales in the first five months.

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