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Twelve Labs is building AI that can analyze and search through videos Dec 13, 2024

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AI models that understand videos as well as text can unlock powerful new applications. At least, that’s what Jae Lee, the co-founder of Twelve Labs, believes. Granted, Lee’s a little biased. Twelve Labs trains video-analyzing models for a range of use cases. But there may just be something to his assertion.

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Upvest, a stock trading API used by N26, Revolut and others, raises $105 million Dec 13, 2024

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Upvest might not be a familiar name if you don’t pay close attention to the fintech industry, but chances are you’ve already interacted with the company’s products. Founded by Martin Kassing (pictured above), the Berlin-based startup builds a white-label investment platform that is used by some of the biggest fintech companies in Europe.

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Albert Invent hopes to revolutionize the chemicals sector with its AI platform Dec 12, 2024

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If startup funding rounds are any metric, generative AI is seeing ample adoption in the sciences. It makes sense: there’s a lot of trial and error involved in research and development, and any tool that can speed up the process for researchers is bound to be useful.

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Mynt raises a cool $23M on a $210M valuation to build a smarter expense card for SMEs Dec 12, 2024

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Small and medium businesses are getting more love in the world of fintech these days, and one example of that is the growth of a startup out of Sweden. Mynt, which has built an AI-based platform for corporate cards and spend management catering to SMEs, has closed a round of €22 million ($23 million).

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Software testing platform LambdaTest secures $38 million for AI push Dec 11, 2024

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LambdaTest, a cloud-based software testing platform, has raised $38 million in a funding round as it looks to expand its presence in existing markets and advance its AI capabilities. The San Francisco and Noida-headquartered startup’s Series D round has been led by Avataar Ventures with participation from Qualcomm Ventures, bringing its total funding to $108 million.

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Nexalus has a new method for liquid-cooling data centers that could make the waste heat useful Dec 11, 2024

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The startup argues that its hot-water approach is not only more efficient, but also more useful.

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Riverside raises $30 million Series C to expand its podcast and video recording platform Dec 10, 2024

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Podcast recording platform Riverside said Monday that it has raised $30 million in Series C funding led by Zeev Ventures, with participation from Seven Seven Six, and angel investor Sam Lessin. The company wants to use this funding to grow its team and build out solutions for the podcast and content creation space.

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Connyct, an exclusive social media app for college students, emerges amid potential TikTok ban Dec 10, 2024

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Do we really need another social media app for college students? With the looming TikTok ban in the U.S., a new app called Connyct seems to think so. Connyct closely resembles the popular short-form video app, providing all the features you would expect, such as a personalized content feed, private chatting, as well as video .

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Fitness startup Ladder comes after Peloton for allegedly copying their app Dec 09, 2024

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Ladder, an Austin, Texas-based fitness startup that makes a popular strength-training app, is accusing Peloton of ripping off its work with the launch of Peloton’s new Stength+ app, which exited beta on Wednesday. After receiving feedback from Peloton’s beta testers that the app looked, felt, and functioned much like Ladder’s own.

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Planet A Foods nabs $30M to make tons more cocoa-free chocolate Dec 09, 2024

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Turning sunflower seeds into sustainable, cocoa-free chocolate has netted Munich-based B2B foodtech startup Planet A Foods (formerly QOA) a $30 million Series B funding round. Now, the Y Combinator alum is gearing up for industrialization, with the funds set to be deployed to scale its production capacity by around 7.5x

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