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Lerna AI Pioneers Privacy-First Personalized Recommendations for Mobile Apps

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Thursday, November 9, 2023

Privacy, VC, News, Social media, Eupithecia depasta, SDK, App Store (iOS/iPadOS), API, Medical device, Online shopping

Revolutionary AI system delivers hyper-personalized mobile experiences

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Montreal, Quebec--(Newsfile Corp. - November 9, 2023) - Lerna AI, an emerging leader in privacy-preserving artificial intelligence, has achieved a breakthrough in personalized recommendations for mobile applications.
The VC-backed Montreal-based startup has developed an innovative AI system that provides hyper-personalized recommendations, twice as relevant to the users compared to typical recommender systems.
"Personalization is critical in today's mobile landscape, but harder to attain given the increasing restrictions regarding third-party data transfers," said Depastas.
With their innovative solution launching soon, Lerna AI aims to spearhead the next evolution in mobile technology.

Pioneer Raises $2.9M to Help Climate Tech Entrepreneurs Unlock Billions in Federal, State and Local Funding and Incentives

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Thursday, November 9, 2023

Soma, Inflation Reduction Act of 2022, MIT, Government, IRA, LLM Communications, Software, Growth, Ecosystem, Mitko Dimitrov, Master, VC, AI, Pioneer, SAN, Climate change, Collaborative Fund, Cryptocurrency

SAN FRANCISCO, Nov. 9, 2023 /PRNewswire/ -- Pioneer , the AI-powered service for climate tech companies pursuing government incentives, today announced the close of $2.9M in seed funding led by Blue Bear Capital.

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SAN FRANCISCO, Nov. 9, 2023 /PRNewswire/ -- Pioneer , the AI-powered service for climate tech companies pursuing government incentives, today announced the close of $2.9M in seed funding led by Blue Bear Capital.
Founded in 2022, Pioneer combines large language models (LLMs) with process execution expertise to help climate tech companies win more non-dilutive funding more efficiently, from the vast ecosystem of government and non-governmental funding.
"For thousands of climate tech companies, access to non-dilutive funding can make or break their growth trajectory," said Mitko Simeonov, CEO, Pioneer.
"Our seed round will enable us to speed up development and serve more entrepreneurs looking to rapidly deploy and scale key climate solutions."

Cromatic Closes $5.3 Million in Oversubscribed Seed Round to Modernize Life Science R&D Outsourcing

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Thursday, November 9, 2023

Cromatic , a full-stack digital platform for outsourced life sciences research, today announced it has closed $5.3 million in funding.

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Cromatic , a full-stack digital platform for outsourced life sciences research, today announced it has closed $5.3 million in funding.
LifeX Ventures and AgFunder led the round with participation from Work Life Ventures, Not Boring Capital, FJ Labs, What If Ventures, Lux Capital, and angel investors.
The demand for biotech and pharmaceutical R&D outsourcing is growing rapidly and is expected to be worth $275 billion by 2030.
Cromatic is harnessing this newfound capacity in a coherent platform for a new generation of nimble and capital-efficient biotech companies.

Kain Capital Welcomes Ashish Gupta as Chief Technology Officer

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Thursday, November 9, 2023

Computer science, VC, Doctor of Philosophy, Machine learning, Cloud computing, IIT Delhi, Cryptocurrency, Northwestern University, Ashish

NEW YORK, Nov. 9, 2023 /PRNewswire/ -- Kain Capital LLC, a leading private equity firm focused on the technology enablement of healthcare services companies, today announced that Ashish Gupta has joined the firm as Chief Technology Officer. In this newly created role, Mr. Gupta will lead innovation in AI and machine learning, cloud computing and data analytics to streamline practices for tech-focused healthcare portfolio companies.

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NEW YORK, Nov. 9, 2023 /PRNewswire/ -- Kain Capital LLC , a leading private equity firm focused on the technology enablement of healthcare services companies, today announced that Ashish Gupta has joined the firm as Chief Technology Officer.
Mr. Gupta holds a PhD in Computer Science from Northwestern University and completed his undergraduate work in computer science at IIT Delhi.
"We are delighted to welcome Ashish to the Kain team," said Steven Yecies, Managing Partner at Kain Capital.
"I'm excited to bring my commitment to facilitating data accessibility to Kain Capital," said Mr. Gupta.

Third time at CIIE, Perfect Diary's parent company marching on the road of science and technology

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Thursday, November 9, 2023

SHANGHAI, Nov. 9, 2023 /PRNewswire/ -- This year, Yatsen Group, the parent company of Perfect Diary, joined the Expo with the theme "A Beauty Discovery Journey Powered by Technology" and announced the layout of "Yatsen's Road of Science and Technology" on the spot, aiming to empower the Group's brands including Perfect Diary with its independent innovation and R&D strategy. In addition, Galénic, a high-end skincare brand of Yatsen Group that has been a pioneer in scientific skincare for 45 years, and EVE LOM, luxury healing skincare legend, brought their latest R&D achievements and cutting-edge products to the Expo, and took advantage of the vast stage to show Yatsen Group's continuous commitment to R&D and its roadmap of development both at home and abroad.

Key Points:

One global leading cosmetic factory, Perfect Diary initiated "Integrated Research of Both Makeup and Skincare"
At this year's Expo, Huang Jinfeng released the strategic layout of "Yatsen's Road of Science and Technology"for the first time.
He said: "The national policy promotes independent innovation and quality development of the beauty industry.
Yatsen Group has ridden on the tides of policies and trends, and is committed to becoming a beauty enterprise of new technology, boasting brand development driven by science, technology and intellectual creation.
On this international stage, Yatsen Group once again presented the new R&D breakthroughs and black technology products from two high-end skincare brands, Galénic and EVE LOM.

AltaIR Capital, Yellow Rocks, Smart Partnership Capital, and I2BF Launch $50M Investment Program for Early-Stage Startups

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Wednesday, November 8, 2023

SAN FRANCISCO, Nov. 8, 2023 /PRNewswire/ -- AltaIR Capital, I2BF, Yellow Rocks, and Smart Partnership Capital have launched a joint investment program, Pre-seed to Succeed , dedicated to early-stage startups with global ambitions.

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SAN FRANCISCO, Nov. 8, 2023 /PRNewswire/ -- AltaIR Capital, I2BF, Yellow Rocks, and Smart Partnership Capital have launched a joint investment program, Pre-seed to Succeed , dedicated to early-stage startups with global ambitions.
The Pre-seed to Succeed program is designed for startups in the early stages with MVP and first traction.
The investment program offers initial funding from participating venture companies, ongoing support from seasoned experts and mentors, and 50% of the next round for proven startups.
The program co-founders have already reviewed 200 startups and the joint investment committee is currently discussing some possible investments.

Dubai launches US$ 136 million venture capital fund designed to finance technology startups

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Wednesday, November 8, 2023

View the full release here: https://www.businesswire.com/news/home/20231108571658/en/

Key Points:

View the full release here: https://www.businesswire.com/news/home/20231108571658/en/
Dubai launches US$ 136 million venture capital fund designed to finance technology startups (Photo: AETOSWire)
Launched in the presence of His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, the fund is designed to finance technology startups and supports the economic objectives outlined in the Dubai Economic Agenda, D33 by promoting SMEs growth in various emerging sectors.
The new fund was launched on the sidelines of the Dubai Business Forum, which was organised by Dubai Chambers under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum.
The fund is the first investment programme launched under the name of Oraseya Capital, the venture capital arm of DIEZ specialising in venture investment operations in startups.
It will play a pivotal role in supporting startups from the pre-seed stage, and extending all the way to the Series B investment stage.

SaaS market struggling but pockets of resilience remain, finds new report from OpenView and Paddle

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Wednesday, November 8, 2023

Yoy, ARR, Paddle, PLG, GTM, News, Research, Software, Outlier, FTE, HP OpenView, PayPal, Growth, VC, AI, Burn, Software as a service, Food delivery, Silviculture, Cryptocurrency, Renewable energy

Data from the SaaS Benchmarks Report shows that:

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Data from the SaaS Benchmarks Report shows that:
Smaller SaaS providers have been hardest hit: the biggest fall in median YoY revenue growth recorded was for private companies with between $5-20m ARR.
OpenView and Paddle also identified four traits that nimble SaaS businesses - the 'Outliers' - are doing to remain resilient despite slowing demand:
Using AI to generate revenue.
You can read the full results from the 2023 OpenView SaaS Benchmarks Report here: https://openviewpartners.com/2023-saas-benchmarks-report/
This report is based on qualitative and quantitative research into the global SaaS market.
The report combines over 3,500 respondents' results aggregated across seven years of surveying private SaaS businesses on their finance and operating metrics.

Syndigo Names Dan Hess as Chief Product Officer

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Wednesday, November 8, 2023

Software as a service, NPD, The NPD Group, Jordan Company, Summit Partners, Entrepreneurship, B2B, Data management, Comscore, Marketing, Travel, VC, Beauty, Sales

ATLANTA, Nov. 8, 2023 /PRNewswire/ -- Syndigo, a leading SaaS commerce data management provider, and a portfolio company of Summit Partners and The Jordan Company, today announced their most recent executive appointment, with Dan Hess joining as the company's Chief Product Officer and member of the Executive Leadership Team.

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Hess joins Industry-leading SaaS commerce data management, syndication, and analytics provider to lead product innovation in next stage of company growth
ATLANTA, Nov. 8, 2023 /PRNewswire/ -- Syndigo, a leading SaaS commerce data management provider, and a portfolio company of Summit Partners and The Jordan Company, today announced their most recent executive appointment, with Dan Hess joining as the company's Chief Product Officer and member of the Executive Leadership Team.
Hess was most recently Global Chief Product Officer for The NPD Group, the global leader in B2C and B2B analytics in 20+ industries including technology, apparel, beauty, media, gaming, foodservice and food consumption.
Prior to NPD, Hess served as Chief Product Officer of Comscore, a media delivery and consumption measurement firm across digital, TV, and box-office platforms.
"I'm thrilled to have Dan join Syndigo as we continue to build upon our leading data management, product syndication, and analytics platforms," said CEO Simon Angove.

SaaS market struggling but pockets of resilience remain, finds new report from OpenView and Paddle

Retrieved on:

Wednesday, November 8, 2023

Yoy, ARR, Paddle, PLG, GTM, News, Research, Software, Outlier, FTE, HP OpenView, PayPal, Growth, VC, AI, Burn, Software as a service, Food delivery, Silviculture, Cryptocurrency, Renewable energy

Data from the SaaS Benchmarks Report shows that:

Key Points:

Data from the SaaS Benchmarks Report shows that:
Smaller SaaS providers have been hardest hit: the biggest fall in median YoY revenue growth recorded was for private companies with between $5-20m ARR.
OpenView and Paddle also identified four traits that nimble SaaS businesses - the 'Outliers' - are doing to remain resilient despite slowing demand:
Using AI to generate revenue.
You can read the full results from the 2023 OpenView SaaS Benchmarks Report here: https://openviewpartners.com/2023-saas-benchmarks-report/
This report is based on qualitative and quantitative research into the global SaaS market.
The report combines over 3,500 respondents' results aggregated across seven years of surveying private SaaS businesses on their finance and operating metrics.