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British techbio startup Qureight has secured $8.5 million in an oversubscribed Series A round. Launched in 2018, Qureight wants to simplify how pharma companies deal with the complex datasets often used during clinical trials. "For example, we can start to structure images of lungs using AI," said cofounder and CEO Muhunthan Thillai. The startup primarily works with pharmaceutical companies, including heavyweights such as AstraZeneca, as well as hospitals and clinical research organizations. Check out the 11-slide pitch deck used to secure the fresh funding.
Persons: Qureight, Muhunthan Thillai, Thillai, Hargreave Hale Organizations: pharma, Business, AstraZeneca, Hargreave Hale AIM VCT, XTX Ventures, Guinness Ventures, Playfair, Fund, Cambridge Angels Locations: Cambridge, Meltwind
Australians Steph Weisse, Will Teagle, Jordan Short and Elliot Foote, and two unnamed Indonesian nationals were found floating on their surfboards on Tuesday morning. They had gone missing Sunday off the Sumatran coast in western Indonesia, after their boat was struck by a storm. Courtesy Vessa PlayfairAccording to their families, the four Australians were on a surf trip in Indonesia to celebrate Foote’s 30th birthday. He praised the other surfers for being “so strong,” describing their time lost in the open ocean as efficient with no arguments between the members. The group offered their thoughts to the Indonesian crew member still missing, and to his friends and family.
Persons: Steph Weisse, Will Teagle, Jordan Short, Elliot Foote, “ We’re, , Foote, ” Foote, , Short, they’d Organizations: CNN, Four, Indonesian Locations: Indonesia, Sumatra, Nias, Pinang
Trezy, a fintech startup that helps small businesses manage cash flow, has raised $3.3 million. Trezy, a fintech startup that uses AI to help small businesses manage cash flow, has raised $3.3 million. Trezy also automatically identifies and categorizes payments while also tracking cash position in real-time as well as monitoring unpaid invoices. In effect, Trezy's offering is designed to remedy the often opaque world of accounting and financial planning for small business owners. The startup has raised $3.3 million in seed funding in a round led by Seedcamp and Playfair Capital, with participation from Kima Ventures.
Persons: Trezy, Quentin Lacointa, Seedcamp, Lacointa Organizations: Playfair, Kima Ventures, SME Locations: Seedcamp, Paris, Amsterdam, Netherlands
Nory has created an AI operating system to enable hospitality businesses to operate efficiently. "The hospitality industry has been under a lot of pressure, with inflation and staffing issues," he told Insider. Sheridan founded Nory in 2020 to help restaurateurs and other hospitality businesses "navigate that environment so they perform consistently." The platform is used by a range of UK and European hospitality businesses, including Stonegate Pubs and Dr. Juice. "Our thesis is that the hospitality industry is ripe for disruption," he said.
A startup building encryption software to secure business communications on Slack and Teams just raised $11 million. London-based startup Worldr has built an additional layer of "zero-trust" infrastructure offering security, privacy, and compliance for business communication apps. As the company scaled into new markets, it became a highly regulated business, Buchan told Insider. This means that despite using Slack or Teams for business communications, those companies can't access the customer's data. The company has built integrations for Microsoft Teams, Slack, and WhatsApp, and has Microsoft Outlook in the works.
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