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☆ Qureight uses AI to help speed up drug development. Check out the 11-slide pitch deck it used to raise $8.5 million.
▼ + stars: | 2024-04-16 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

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

Photos You Should See View All 45 Images“We made this record like a year ago," Ament told the audience. While Vedder remains the face and voice of the band, the star of this album is drummer Matt Cameron, who joined the Jam in 1998 after starting out with Soundgarden. His relentless pounding opens many of the 11 tracks, and drowns out his bandmates' playing and Vedder's vocals at times. “Every time I've played someone the record it was like a two-day recovery,” Vedder said. The band members credited Watt, who was less than a year old when their first album “Ten” was released in 1991, for lifting them to the heights they hit.

Persons: Pearl Jam, Singer Eddie Vedder, Mike McCready, Jeff Ament, Elton John, ”, we've, ‘ Let’s, Vedder, Andrew Watt, Rick Rubin, Ament, “ We’ve, Gigaton ”, Matt Cameron, Soundgarden, “, ” Vedders, Peppers, Chad Smith, “ Matt Cameron, ” Vedder, I've, Watt, McCready, Kelly Slater’s Organizations: WEST HOLLYWOOD, Troubadour, Roll Hall of Famers, Republic Records, Pearl Locations: Los Angeles, Seattle, Malibu , California

☆ EU watchdog sets out capital, liquidity rules for stablecoin issuers
▼ + stars: | 2023-11-08 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

The bloc is deploying the world's first comprehensive set of rules for cryptocurrency and stablecoin markets, and the European Banking Authority (EBA) proposed minimum capital and liquidity requirements for issuers of stablecoins and other types of digitised tokens. The EBA launched public consultations on liquidity requirements for the reserve of assets that back a stablecoin, meaning that only eligible assets of high enough quality can be used. The EBA said that issuers of stablecoins backed by a currency must be able to offer full redemptions at par to investors. Banks may be exempt from liquidity requirements in some instances, given that they already hold liquidity buffers under existing EU bank capital and liquidity rules, the EBA said. The proposed liquidity rules ensure that issuers of stablecoins, which can be non-bank institutions, meet the same safeguards, and also avoid unfair capital or liquidity advantages over banks.

Persons: Stablecoins, Banks, Huw Jones, Louise Heavens Organizations: European Banking Authority, EBA, Thomson

☆ A pair of Bahamian private jets said to be funded by a 'handshake deal' with Sam Bankman-Fried are set to be confiscated by the US government
▼ + stars: | 2023-10-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Prosecutors said Wednesday that two private jets linked to Sam Bankman-Fried are subject to forfeiture. FTX loaned a Bahamian jet charter company $28.4 million to buy the planes, Insider reported. AdvertisementAdvertisementTwo private jets linked to Sam Bankman-Fried are set to be confiscated by the US government, according to a forfeiture bill filed Wednesday. The court filing says he tried to sell the Global to help repay the loan, before the US Marshals Service seized it in February. Bankman-Fried, nor any other FTX executives, ever flew on the Global or Embraer, a person familiar with the situation previously told Insider.

Persons: Sam Bankman, FTX, —, Damian Williams, Paul Aranha, Fried, Aranha, SBF's Organizations: Service, Bombardier Global, Embraer, EMB, Capital, IAC, Air Capital, Trans Island Airways, Global, US Marshals Service, Cessna Locations: Bahamian, Delaware, FTX, Florida, Bahamas

☆ See the private jets a Bahamian aviation firm says Sam Bankman-Fried and FTX funded with a $28 million handshake deal, which are now at the center of a 3-way ownership battle
▼ + stars: | 2023-09-22 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +5 min

FTX loaned $28 million to a private jet company to finance its purchase of two jets, a court filing says. One of them has been in government custody since February, while the FTX Debtors claimed ownership of the planes in August. AdvertisementAdvertisementThursday's court filing says IAC received the loan after a "handshake deal" between Aranha and Bankman-Fried. It wasn't until August 7 that the FTX Debtors claimed ownership of the planes, the filing says. This is not the first time FTX Debtors have tried to get back assets.

Persons: FTX, SBF's, Sam Bankman, Fried's FTX, Paul Aranha, Fried, Aranha, Shaquille O'Neal, Stephen Curry, Naomi Osaka Organizations: Service, Bahamian, Court, Bombardier Global, Embraer, Island Air, IAC, Trans Island Airways, FTX Ventures, Trans, Airways, TIA, Bombardier, Global, US Marshals Service, Bradley International Locations: Wall, Silicon, Delaware, Connecticut

☆ See the private jets a Bahamian aviation firm says Sam Bankman-Fried and FTX funded with a $28 million handshake deal, and are now at the center of a 3-way ownership battle
▼ + stars: | 2023-09-22 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: +5 min

☆ Trezy, a fintech that uses AI to help small businesses manage cash flow, just raised $3.3 million with this 23-slide pitch deck
▼ + stars: | 2023-06-15 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

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

☆ This startup deploys AI in restaurants to make them operate more efficiently. Check out the 12-slide pitch deck Nory used to raise $7.6 million.
▼ + stars: | 2023-05-17 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

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.

☆ HeatTransformers, a one-stop-shop for heat pumps, just raised $16 million. Check out the 10-slide pitch deck it used to raise the fresh funds.
▼ + stars: | 2023-04-04 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

HeatTransformers, a Dutch one-stop-shop for heat pumps, has just secured $16 million. A startup positioning itself as a one-stop-shop for heat pumps has just secured 15 million euros (around $16 million) in a Series A round. They ended up reevaluating the homes of some referrals, which Otten said had been quoted for the wrong heat pumps. Heat pump sales across Europe grew by almost 38% in 2022 with 3 million units sold, according to the European Heat Pump Association. Still, heat pumps heat just 16% of homes and commercial buildings, the association found.

☆ This half-century old fund seeks out global value and has Warren Buffett's style all over it
▼ + stars: | 2023-03-03 | by ( Yun Li | ) www.cnbc.com time to read: +5 min

Warren Buffett has inspired generations of value investors, and one 53-year-old, market-beating mutual fund has his legacy all over it. For almost three decades, starting in 1979, the fund was run by another acolyte of value, Jean-Marie Eveillard. Since 1979, First Eagle Global has returned more than 12% annually, even including the 5% load fee charged on the first $25,000 invested. The fund employs three main elements when it comes to security selection within the universe of global value, Brooker said. When we're not able to find things that make sense to us, that meet our underwriting criteria, we'll wait in cash," Brooker said.

☆ A startup building software to encrypt messaging tools such as Slack just raised $11 million from Molten Ventures. Check out the 17-slide pitch deck Worldr used to secure the round.
▼ + stars: | 2022-11-07 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

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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