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Galileo emerges from stealth to streamline AI model development

TechCrunch

After all, AI is costly — Gartner predicted in 2021 that a third of tech providers would invest $1 million or more in AI by 2023 — and debugging an algorithm gone wrong threatens to inflate the development budget. ” Chatterji has a background in data science, having worked at Google for three years at Google AI.

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AI-powered supply chain startup Pando lands $30M investment

TechCrunch

Signaling that investments in the supply chain sector remain robust, Pando , a startup developing fulfillment management technologies, today announced that it raised $30 million in a Series B round, bringing its total raised to $45 million. billion by 2025, per Markets and Markets — up from $17.4 billion in 2019.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. Another company competing in the increasingly saturated segment is Sima.ai , which is developing a system-on-chip platform for AI applications — particularly computer vision applications.

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Indonesia’s Astro raises $60M to work on 15-minute grocery delivery

TechCrunch

The speed at which Astro is attracting investment goes to show the need for hefty upfront investment in the grocery delivery race, which is about establishing a logistics infrastructure quickly and locking in loyal customers ahead of rivals. The e-grocery delivery market in Indonesia is projected to reach $6 billion by 2025.

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Akeyless secures a cash infusion to help companies manage their passwords, certificates and keys

TechCrunch

Today, Akeyless is thriving, Angel tells me — despite fierce competition from incumbents like Hashicorp Vault, AWS Secrets Manager and Google Cloud’s Secret Manager. In software development, “secrets” refer to credentials like passwords and access tokens. billion by 2025. .” billion by 2025.

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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

NFX and existing backers Pear and Mexico-based Wollef (formely known as Jaguar Ventures) doubled down on their investment, which values Melonn “in the neighborhood” of $100 million post-money and brings the Bogota-based startup’s total raised to $24 million since its November 2020 inception.

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Firebolt, a data warehouse startup, raises $100M at a $1.4B valuation for faster, cheaper analytics on large data sets

TechCrunch

It plans to use the money to continue investing in its technology stack, to step up with more business development, and to hire more talent for its team, to meet what it believes are changing tides in the world of data warehousing. billion valuation. “We rarely see people not liking Snowflake.

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