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

TechCrunch

Melonn , a Colombian startup that provides fulfillment and software services to small and medium-sized e-commerce companies in Latin America, has raised $20 million in a Series A round led by QED Investors. Why global investors are flocking to back Latin American startups. It also plans to soon offer embedded finance products.

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

TechCrunch

Founded by Tokopedia veteran Vincent Tjendra , Astro plans to spend its funding proceeds on user acquisition, product development and hiring more staff to add to its current team of 200. The e-grocery delivery market in Indonesia is projected to reach $6 billion by 2025.

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Z?m wins $150M from San Francisco schools to modernize and electrify student transport

TechCrunch

m, a startup that wants to upgrade student transportation, a five-year $150 million contract to modernize its transport service throughout the district. m’s five-year $53 million contract with Oakland Unified School District, which began in 2020, the SFUSD contract is the largest the startup has ever won. m told TechCrunch.

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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.