YC | Jotup

Extropic Emerges from Stealth, aiming to revolutionize Generative AI with Physics-based AI processors

Retrieved on:

Friday, March 15, 2024

Physics, Algorithm, Replit, YC, Acceleration, Memory, Google AI, Shopify, SAN, Meta, AI, Coinbase, IBM, AWS, Adobe, Dropbox, Probability

SAN FRANCISCO, March 15, 2024 /PRNewswire/ -- Extropic, a pioneer in physics-based computing, this week emerged from stealth mode and announced the release of its Litepaper, which outlines the company's revolutionary approach to AI acceleration through thermodynamic computing. Founded in 2022 by Guillaume Verdon, Extropic has been developing novel chips and algorithms that leverage the natural properties of out-of-equilibrium thermodynamic systems to perform probabilistic computations for generative AI applications in a highly efficient manner.

Key Points:

Founded in 2022 by Guillaume Verdon, Extropic has been developing novel chips and algorithms that leverage the natural properties of out-of-equilibrium thermodynamic systems to perform probabilistic computations for generative AI applications in a highly efficient manner.
The Litepaper delves into Extropic's groundbreaking computational paradigm, which aims to address the limitations of current digital hardware in handling the complex probability distributions required for generative AI.
Today's algorithms spend around 25% of their time moving numbers around in memory, limiting the speedup achievable by accelerating specific operations.
This funding will accelerate the development of Extropic's computational paradigm and enable the company to push the boundaries of thermodynamic computing for generative AI.

BuddiesHR releases its Startup Culture Report [2024 edition]

Retrieved on:

Thursday, January 11, 2024

SAN, Y Combinator, Bias, Integrity, Continuity, Culture, Directory, Disagree, Data, YC

SAN FRANCISCO, Jan. 11, 2024 /PRNewswire-PRWeb/ -- What do high-performing companies have in common? It's clear that they owe their success to their people. However, in order to attract and retain the best talent, they must cultivate a world-class culture. This is this conclusion that drove this study about the startup cultures. Here is what we found in this Startup Culture Report 2024.

Key Points:

However, in order to attract and retain the best talent, they must cultivate a world-class culture.
This is this conclusion that drove the purpose of this study about the startup cultures.
Here is what we found in this Startup Culture Report 2024.
Here is what we found in this Startup Culture Report 2024.

Every.io Raises $9.5M in Seed Funding for All-in-One HR & Finance Suite

Retrieved on:

Tuesday, November 28, 2023

Stellar, Accounting, S23, SAN, Entrepreneurship, Treasury, Finance, Tax, General partnership, Y Combinator, Bookkeeping, HR, AI, W2, Thought, Cryptocurrency, Management, Reflektion, YC

SAN FRANCISCO, Nov. 28, 2023 /PRNewswire/ -- Every.io (dba Every), the all-in-one back office stack for startups, today announced its coming out of stealth alongside $9.5 million in seed funding. The round was led by Base10, with participation from Y Combinator, Formus Capital and Rex Salisbury's Cambrian Ventures. Every provides bank accounts, corporate cards, bill payments, corporate treasury, HR, payroll, benefits, accounting, and taxes all in one platform, allowing founders to save time and money. Following their successful launch in YC's S23 batch, Every hit $1M ARR in 6 months and grew to 75 customers.

Key Points:

Following their successful launch in YC's S23 batch, Every hit $1M ARR in 6 months and grew to 75 customers.
Every was founded by serial entrepreneur, Rajeev Behera, who previously raised $100M for his last venture, Reflektive , in the HR B2B SaaS space, scaling it to 250 employees.
Every's AI automates workflows across it's highly integrated product suite saving founders time and money while delivering a superior experience.
"We look forward to partnering with Every as they continue to save founders hundreds of hours managing Finance and HR."

Baobab Network to Invest In 1000 African Tech Companies

Retrieved on:

Thursday, October 5, 2023

Investment, Senegal, The Golden Baobab Prize, Partner (business rank), YC, Food delivery, Cryptocurrency, Adansonia

Having launched their accelerator in 2019, Baobab has consistently been one of the most active investors across Africa, backing locally led companies from day one.

Key Points:

Having launched their accelerator in 2019, Baobab has consistently been one of the most active investors across Africa, backing locally led companies from day one.
Each company has received $50,000 directly from Baobab, with another $50,000 investment from their newly launched Co-Investment Vehicle.
Baobab Network has already completed 10 deals this year, with another larger cohort expected in Q4.
Additionally, Baobab recently hired Niama El Bassunie as Managing Partner – a YC alumni and one of Africa's only exited entrepreneurs.

Baobab Network to Invest In 1000 African Tech Companies

Retrieved on:

Thursday, October 5, 2023

Investment, Senegal, The Golden Baobab Prize, Partner (business rank), YC, Food delivery, Cryptocurrency, Adansonia

Having launched their accelerator in 2019, Baobab has consistently been one of the most active investors across Africa, backing locally led companies from day one.

Key Points:

Having launched their accelerator in 2019, Baobab has consistently been one of the most active investors across Africa, backing locally led companies from day one.
Each company has received $50,000 directly from Baobab, with another $50,000 investment from their newly launched Co-Investment Vehicle.
Baobab Network has already completed 10 deals this year, with another larger cohort expected in Q4.
Additionally, Baobab recently hired Niama El Bassunie as Managing Partner – a YC alumni and one of Africa's only exited entrepreneurs.

Massdriver Raises $8 Million to Liberate Software Engineers from Cloud Complexity

Retrieved on:

Tuesday, August 22, 2023

This round fuels Massdriver’s mission to make cloud infrastructure easy, open, and approachable for every engineering team through an agnostic solution.

Key Points:

This round fuels Massdriver’s mission to make cloud infrastructure easy, open, and approachable for every engineering team through an agnostic solution.
"We're on a mission to liberate developers from infrastructure burdens, and open source is core to that mission," said Cory O’Daniel, co-founder and CEO of Massdriver.
Massdriver combines decades of cloud expertise into a single tool to streamline cloud infrastructure development like never before.
With a focus on openness, Massdriver enables teams to accelerate cloud delivery through simplicity.

Pure Ventures Closes $20M Fund II with Continued Focus on Founder Wellness

Retrieved on:

Wednesday, July 19, 2023

Pure Ventures (formerly Alpha Bridge Ventures), an early-stage venture capital firm dedicated to empowering founders' personal and professional growth, announces the close of a new $20 million Fund II.

Key Points:

Pure Ventures (formerly Alpha Bridge Ventures), an early-stage venture capital firm dedicated to empowering founders' personal and professional growth, announces the close of a new $20 million Fund II.
Pure Ventures provides portfolio companies access and subsidies to a wide range of personalized services through Pilea (formerly Atlas), an integrative leadership and wellness coaching platform co-founded by Dr. Kari Sulenes and Pure Ventures.
Pure Ventures operates under the thesis that healthy founders yield healthy returns.
Pilea and Pure Ventures are committed to providing founders with the necessary support to build world-changing companies.

Kian Hooshmand Earns WTF Innovators Award

Retrieved on:

Wednesday, June 28, 2023

Insurance, LLM, Brex, Code, University of California, Berkeley, AMPLab, Human, SALT, Language, UC Berkeley College of Engineering, Radar, YC, Y Combinator, Meditation, AI, Software engineering, Mobile phone, Vocoder

SALT LAKE CITY, Utah, June 28, 2023 /PRNewswire/ -- QuHarrison Terry presents Kian Hooshmand, Founder of Vocode , with the WTF Innovators Award for accelerating the development of AI voice applications that utilize the powerful language abilities of large language models (LLMs).

Key Points:

SALT LAKE CITY, Utah, June 28, 2023 /PRNewswire/ -- QuHarrison Terry presents Kian Hooshmand, Founder of Vocode , with the WTF Innovators Award for accelerating the development of AI voice applications that utilize the powerful language abilities of large language models (LLMs).
The WTF Innovators Award recognizes excellence at the precipice of societal change, with the inaugural class focusing on AI innovators.
We present "Respect the Code", produced by Nimso , to Kian Hooshmand.
Prior to founding Vocode, Kian Hooshmand worked as a Software Engineer at Brex and was a Student Researcher at UC-Berkeley's RISELab.

Makeswift Raises $3M to Help Marketers Build Enterprise-Class, Composable Websites

Retrieved on:

Tuesday, May 2, 2023

Partnership, SSR, CMS, WordPress, Workflow, Marketing, React, ISR, Recurrence, Silicon, Next.js, User experience, YC, Engineering, Growth, Headless, Video game, Cryptocurrency

ALANTA, May 2, 2023 /PRNewswire/ -- Makeswift, the visual builder for Next.js websites, has announced that it has raised $3M to empower marketers to build and manage powerful websites without engineering intervention. The funding round was led by Active Capital, with participation from several other investors including Uncommon Capital and Silicon Road Ventures.

Key Points:

The Atlanta-based firm raised capital to accelerate the adoption of its visual website builder that empowers marketers to build and manage websites without engineering intervention.
ALANTA, May 2, 2023 /PRNewswire/ -- Makeswift, the visual builder for Next.js websites, has announced that it has raised $3M to empower marketers to build and manage powerful websites without engineering intervention.
Instead of hardcoded websites that marketers can't update, engineers can integrate React components into Makeswift's visual builder to give marketing teams custom building blocks.
"This funding will help us to continue to improve our product's ability to serve customers with more complex websites.

Thunderbird Field II Veterans Memorial, Inc. Awards Aviation Scholarship to Yavapai College Student

Retrieved on:

Tuesday, April 11, 2023

SCOTTSDALE, Ariz., April 11, 2023 (GLOBE NEWSWIRE) -- Thunderbird Field II Veterans Memorial, Inc. (“Tbird2") announced it has awarded an Aviation Scholarship to Matthew West, a Yavapai College (“YC”) student pursuing an Associate of Applied Science in Aerospace Science with a UAS (unmanned aircraft systems) Operator Concentration.

Key Points:

SCOTTSDALE, Ariz., April 11, 2023 (GLOBE NEWSWIRE) -- Thunderbird Field II Veterans Memorial, Inc. (“Tbird2") announced it has awarded an Aviation Scholarship to Matthew West, a Yavapai College (“YC”) student pursuing an Associate of Applied Science in Aerospace Science with a UAS (unmanned aircraft systems) Operator Concentration.
While attending Yavapai College, Mr. West has maintained an impressive GPA, is a current Honor Roll member, and is a lifetime member of Phi Theta Kappa.
Ashley Hust, Yavapai College Foundation, commented, “Yavapai College and community colleges in general are the best places for people like Matthew to re-skill when they are ready to change or upgrade their careers.
I would like to thank Yavapai College and its related foundation for the continued high standard of excellence.