US & International Startup & Tech News
Numeric grabs $28M Series A to automate accounting using AI
Numeric, co-founded by Parker Gilbert in 2020, offers accounting software that automates parts of the book-closing process, streamlining tasks like data aggregation and flux analysis with the help of AI. The company recently raised $28 million in a Series A round, following rapid revenue growth and adoption by major companies like Brex and OpenAI. Investors are drawn to Numeric’s ability to simplify complex workflows in accounting,
Zap Energy confirms $130M round, shares progress on its demo power plant system
Zap Energy, a fusion company based in Everett, Washington, announced progress on its power plant demo system and raised $130 million in a Series D round led by Soros Fund Management. The company is working on commercializing fusion energy with its FuZE-Q reactor and Century system, which tests key power-producing components. While FuZE-Q focuses on achieving fusion, Century helps refine other crucial technologies. Investors in this round include prominent firms like Mizuho and Plynth Energy, supporting Zap's goal of scaling internationally and eventually delivering a commercial fusion power plant.
Relyance lands $32M to help companies comply with data regulations
Relyance AI, founded by Abhi Sharma and Leila Golchehreh, addresses data security challenges in AI by providing a platform that ensures data usage aligns with governance policies. Their solution scans data sources to create data inventories and maps, monitoring compliance with privacy regulations. Despite competition from companies like OneTrust and DataGrail, Relyance has experienced significant growth, including a 30% customer base increase in H1 and a recent $32 million Series B funding round to expand their team and product development.
Claimable: This AI Startup Helps Patients Fight Insurance Denials
Industry experts foresee generative AI sparking a battle between doctors and health insurers over care decisions, potentially delaying patient access to treatments. Warris Bokhari, founder of Claimable, aims to empower patients by using AI to generate compelling insurance appeals. Starting with rheumatology, Claimable's AI-driven software has successfully overturned 80% of prior authorization denials, and the company plans to expand its services to cover over a hundred conditions by 2025.
Tesla unveils its 'Cybercab' robotaxi
At Tesla's "We, Robot" event in California, Elon Musk unveiled the Cybercab, a robotaxi with no steering wheels or pedals, designed to be fully autonomous. Musk highlighted that the Cybercab, expected to go into production before 2027, could significantly reduce transportation costs, estimating fares as low as 20 cents per mile. Priced below $30,000, the Cybercab aims to revolutionize ridesharing, allowing owners to manage fleets of robotaxis. The vehicle uses AI and vision technology, avoiding costly sensors. Musk also introduced the Robovan, capable of carrying up to 20 people, and showcased Tesla's humanoid Optimus robots, which are envisioned to handle various tasks and be sold for $20,000 to $30,000.
LATAM Startup & Tech News
AuraPura raises a $550K pre-seed round
Brazilian marketplace AuraPura raised $550K in a pre-seed round to develop an MVP and prove its business model as a one-stop platform connecting users with holistic therapy specialists. Founded in 2023, AuraPura aims to digitalize Brazil's self-care market, offering services like holistic wellness appointments, group sessions, and content related to astrology and tarot.
Amazon supported a Uruguayan AI company with US$1 million and its co-founder reflects on how it will replace human tasks
Nicolás López, a 22-year-old entrepreneur from Uruguay, has become a recognized figure in the field of artificial intelligence. His startup, Horizon, which helps companies optimize processes through AI, was recently selected for the AWS Generative AI Accelerator 2024, receiving up to $1 million in support as one of the 80 global startups chosen.
Sumato ID, the Argentine startup that seeks to revolutionize retail with artificial intelligence
Over 10 years ago, Augusto Clement and Diego Descotte founded Sumato ID, combining Clement's experience in biometric technology from Japan and Descotte's background in marketing and retail. Sumato ID uses its AI-powered facial recognition software, Akira, to gather demographic data in stores, helping retailers improve customer experience, optimize operations, and assess the efficiency of their physical spaces through smart technologies like their "smart pop" shelves.
Brazilian proptech Morada.ai raises $1M
Brazilian proptech Morada.ai raised $1M to enhance its AI-driven real estate platform, which simplifies property buying and renting through its AI chatbot, Mia. The company has experienced over 400% growth this year and serves nearly 100 developers across 17 states in Brazil.
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