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Nory, an Irish startup, has raised $16 million in Series A funding led by Accel. Founded in 2020, Nory uses AI to help restaurants manage payroll, inventory, and more. AdvertisementNory, an Irish startup that provides an operating system for restaurants, has raised $16 million in funding. Its SaaS platform aims to bring various business functions, such as payroll, inventory, supply chains, and customer satisfaction in "one place," founder Conor Sheridan told Business Insider. This story is available exclusively to Business Insider subscribers.
Persons: , Conor Sheridan, Jamie Oliver Organizations: Accel, Service, Jamie Oliver Group, Business Locations: Irish, Europe
For the fourth time in six months, the Republican-led House Committee on Education and the Workforce is summoning school leaders to Washington to be questioned about accusations of antisemitism at their institutions. This time, on Thursday, the committee’s focus will be on how three diverse universities reacted when pro-Palestinian encampments sprung up on their lawns as part of an international wave of student activism against the war in Gaza. Two of the schools whose leaders will testify — Northwestern and Rutgers — made deals with protesters to end their encampments peacefully. Representative Virginia Foxx, the chairwoman of the committee, has blasted Rutgers and Northwestern for negotiating with the demonstrators, whose views she has described as antisemitic and supportive of terrorism. But she has also derided U.C.L.A.’s chancellor for calling the police too late, saying he allowed his campus to become a “severe and pervasive hostile environment for Jewish students.”
Persons: , Rutgers —, Representative Virginia Foxx, U.C.L.A, , Organizations: Republican, Committee, Education, Rutgers, University of California, Representative, Northwestern Locations: Washington, Gaza, — Northwestern, Los Angeles
London-based startup Haz has raised $1.4 million in pre-seed funding led by Speedinvest. Founded in 2023, Haz digitizes users' clothing items and allows sharing transactions with friends. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHaz, a London-based startup that has built an AI-powered platform where users buy and sell secondhand clothing, has raised $1.4 million in pre-seed funding. It can even scan things like email inboxes for receipts and add those to a user's list of clothing owned.
Persons: Haz, Organizations: Speedinvest, Service, Business Locations: London
Harbor Lab, which aims to help the shipping industry streamline port costs, has raised funding. Founded in 2020 in Athens, the startup has brought in a $16 million Series A led by Atomico. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHarbor Lab, a startup that aims to help the shipping industry reduce costs related to entering port, has raised $16 million in Series A funding.
Persons: Atomico, Organizations: Service, Harbor Lab, Business Locations: Athens
Investigators recounted the crew’s desperate efforts to restore electrical power and halt the ship’s drift toward the bridge. They described how one of eight maintenance workers still on the bridge that night managed to sprint to safety moments before the bridge collapsed. The 985-foot-long vessel departed the Port of Baltimore around 1 a.m. on March 26 and traveled along a heavily used shipping channel that would take it under the Francis Scott Key Bridge. But as it approached the bridge, the power went out on the vessel and alarms blared. Transportation officials have been re-examining structural protection systems on bridges, which in some cases are missing or flawed, that are supposed to deflect wayward ships away from bridge piers.
Persons: Francis Scott Key Organizations: Investigators, Transportation Locations: Port of Baltimore
Swedish startup Grasp has raised $1.9 million to automate financial advisory workflows with AI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGrasp, a Swedish startup that makes AI assistants to help consultants and investment bankers reduce their workload, has raised $1.9 million. Founded in 2020 by former McKinsey consultants, Grasp aims to help users automate manual research functions. This story is available exclusively to Business Insider subscribers.
Persons: Karl, Johan Persson, Organizations: ex, McKinsey, Yanno, M, Service, Business Locations: Swedish
Nearly two weeks after a pro-Palestinian encampment at the University of California, Los Angeles, was attacked by counterprotesters, university officials still have not explained why security officers stood by for hours while the attack was underway, nor have they arrested any of those who swarmed in wielding metal rods, water bottles and firecrackers in one of the worst outbreaks of violence in the college protests that have rocked the country. The extent of the policing failure has become clearer in recent days, as witnesses have come forward to describe a chaotic night of violence on April 30, in which students and bystanders repeatedly called 911 and nonemergency lines, finding little help and calls that were disconnected. A dispatcher told one caller pleading for help that they were ending the call because “I have actual emergencies to handle.”One man was filmed by a local television station on the phone with emergency dispatchers, alerting them that people were getting hurt. “Security has abandoned this encampment,” he could be heard saying before lowering his phone and looking at it. “They just hung up on me again,” he said incredulously.
Persons: , , incredulously Organizations: University of California, counterprotesters Locations: Los Angeles
A UK-based AI startup, founded last month by former Cohere employees, is already in talks to raise a major pre-seed round amid venture capitalists' continued spending spree in the sector. Convergence AI, incorporated at the end of April, was founded by ex-Cohere employees Marvin Purtorab and Andy Toulis, who was also a machine learning engineer at Uber. Its primary aim, per leaked investor documents seen by BI, is to build out automated workforces using AI. The nascent business has been feted by several leading funds, with the company receiving at least six different term sheets for investment, two London-based sources said. The startup opted for a funding round led by London-based Balderton Capital, six sources familiar with the deal told Business Insider.
Persons: Marvin Purtorab, Andy Toulis, Slack Organizations: Uber, Business, Balderton, BI, Nvidia, Mistral Locations: London, Paris
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDefinely, a London-based legal tech startup, has raised $7 million in Series A funding, the company said Wednesday. Founded in 2020 by former colleagues at a Magic Circle law firm, Definely is a subscription product that helps lawyers read, edit, and draft legal documents through a plug-in. Currently available through Microsoft Word, Definely uses artificial intelligence, including natural language processing, to make cross-referencing documents easier for legal professionals. Reading legal documents can be a lengthy and complex task with phrases and terminology often scattered between different sections of contracts.
Persons: , Nnamdi Emelifeonwu, MacDaeid, Emelifeonwu, Definely Organizations: Service, Microsoft, Business, Octopus Ventures, Cornerstone VC, Zrosk Investment, Google, Atlantic Locations: London
The Los Angeles Police Department removed a pro-Palestinian encampment at the University of Southern California early Sunday morning, pushing several dozen people out of the campus gates in the latest crackdown on student protesters there. The encampment had sprouted up nearly two weeks ago in Alumni Park, a central quad on U.S.C.’s campus in Los Angeles. Los Angeles police said on Sunday morning that they had made no arrests while clearing the encampment for the second time. The university cited security concerns, but the valedictorian, Asna Tabassum, said she believed she was being silenced. On Sunday, police officers in riot gear entered the campus before dawn, pushing about 25 protesters out of the campus’s metal gates.
Persons: Asna Tabassum Organizations: Los Angeles Police Department, University of Southern, Sunday Locations: University of Southern California, , Los Angeles
11x, a London-based AI startup that creates automated digital workers, has raised funding from US investing giant Benchmark Capital. The company aims to provide businesses with "digital AI workers" that can complete repetitive and mundane tasks to free up employees to focus on other things. The startup has raised a Series A round of funding, led by US fund Benchmark, four sources familiar with the discussions told Business Insider. Related stories11x's deal was led by Benchmark general partner Sarah Tavel, who will join the startup's board. The startup created a digital sales worker named Alice and plans to release several other digital workers in the future.
Persons: Hasan Sukkar, Sarah Tavel, Uber, Alice, Slack Organizations: Benchmark, Business, US, Bessemer Venture Partners, Twitter, Benchmark Capital, Google, Project A, Ventures, Tiny Ventures, LinkedIn Locations: London, Syrian, Europe, Syria
AI startup Holistic, founded by ex-DeepMind scientists, is raising $200 million in new funding. The Paris-based startup is raising capital from Accel and BPI France, sources say. The startup aims to develop a multi-agent AGI, per a leaked investor deck obtained by BI. AdvertisementA Paris-based AI startup founded by two ex-DeepMind scientists is set to raise around $200 million in new funding. Ex-DeepMind scientist Laurent Sifre is chief LLM officer.
Persons: AGI, , Charles Kantor, Karl Tuyls, Laurent Sifre Organizations: Accel, BPI France, BI, Service, Stanford Business School, Business Locations: Paris
On Today’s Episode:With Israel Poised to Invade Rafah, Negotiators Try Again for Cease-Fire Deal, by Isabel Kershner and Edward WongCrackdowns at 4 College Protests Lead to More Than 200 Arrests, by Anna Betts, Matthew Eadie and Nicholas Bogel-BurroughsTrump and DeSantis Meet for First Time Since Bruising Primary, by Maggie Haberman and Nicholas Nehamas
Persons: Isabel Kershner, Edward Wong Crackdowns, Anna Betts, Matthew Eadie, Nicholas Bogel, Burroughs Trump, Maggie Haberman, Nicholas Nehamas Locations: Rafah
The sudden end to the standoff produced cheers from the protesters, and confusion for those who had been bracing for chaos. At Emory University in Atlanta, officers used pepper balls and wrestled protesters to the ground, ultimately arresting 28 people. On quads and lawns from coast to coast, colleges are grappling with a groundswell of student activism over Israel’s ongoing military campaign in Gaza. Administrators are having to make controversial decisions over whether to call in the police, and are often criticized regardless of the route they take. “They don’t seem to have a clear strategy,” said Jennie Stephens, a professor at Northeastern who attended the protest there to support the students.
Persons: , Jennie Stephens, Organizations: Boston, University of Southern, Emerson College, Ohio State University, At Emory University, Northeastern Locations: Northeastern University’s, University of Southern California, Boston, Atlanta, Gaza
Nearly 200 protesters were arrested on Saturday at Northeastern University, Arizona State University and Indiana University, according to officials, as colleges across the country struggle to quell growing pro-Palestinian demonstrations and encampments on campus. More than 700 protesters have been arrested on U.S. campuses since April 18, when Columbia University had the New York Police Department clear a protest encampment there. In several cases, most of those who were arrested have been released. At Northeastern in Boston, protesters had set up an encampment on the campus’s Centennial Common this week that drew more than 100 supporters. The administration had asked the protesters to leave, but many students did not.
Organizations: Northeastern University, Arizona State University and Indiana University, Columbia University, New York Police Department, Northeastern Locations: Boston
Police officers swept onto the ordinarily serene campus of Emory University in Atlanta after demonstrators erected tents on Thursday morning, leading to the latest clash in a pro-Palestinian protest movement that has cascaded across American campuses this week. As the demonstrators at Emory screamed, officers wrestled with protesters on the ground and escorted others away. From a few dozen yards away, onlookers stared and recorded the scene with their cellphones. The authorities did not immediately say how many people had been arrested in Atlanta, but across the country, more than 400 protesters have been taken into police custody since April 18, when the arrests of more than 100 protesters at Columbia University in New York set off a wave of student activism nationwide. University administrators and law enforcement officials have responded by arresting students, removing encampments and threatening academic consequences as some Jewish students have expressed concern for their safety, and some politicians have demanded a crackdown on the growing demonstrations.
Organizations: Emory University, Emory, Columbia University, University Locations: Atlanta, New York
He had planned to lead a team of 15 local journalists reporting on the eclipse. Journalists at The Democrat & Chronicle have worked without a contract since 2019, said Susan DeCarava, president of the NewsGuild of New York, the union that represents them. Workers also seek a policy regarding the ethical use of artificial intelligence in reporting and writing articles, Mr. Craig said. “We had this incredible story that would touch a lot of people in our community,” Mr. Craig said. “Hopefully we’ll be back at the negotiating table tomorrow morning,” Mr. Craig said.
Persons: “ I’m, I’m, , Gary Craig, Susan DeCarava, “ Gannett, Ms, DeCarava, Craig, ’ bylines, , ” Amy Garrard, ” Mr, we’ll Organizations: Democrat, Chronicle, Gannett, Journalists, The Democrat, The New York Times, ” Gannett, USA, Workers Locations: Rochester , N.Y, New York, newsrooms, United States, Rochester
This is Business Insider's annual list of the hottest fintech startups in Europe. After years of standing as the bloc's most in-demand sector, investment in fintech has slumped considerably. In 2022, fintech made up 17% — or $13.9 billion — of the $82 billion that had been invested into European startups, according to Atomico. That number dropped last year when around $4.5 billion was invested — the equivalent of a tenth of the total $45 billion poured into the ecosystem. This story is available exclusively to Business Insider subscribers.
Persons: , fintech Organizations: Service, Business Locations: Europe, fintech
“The tankers and cargo ships of 1950 aren’t the tankers and cargo ships of today,” said James Salmon, a spokesman for the Delaware River and Bay Authority. “It’s going to do a number on them,” he said of a modern ship and the hazard it poses to a bridge like the one in Baltimore. Image The new bridge ship collision protection system project on the Delaware Memorial Bridge will install eight stone-filled “dolphin” cylinders, each measuring 80 feet in diameter. Credit... Delaware River and Bay AuthorityThe situation with the Key Bridge is “unique,” said Jim Tymon, executive director of the American Association of State Highway and Transportation Officials, which represents state transportation departments. A protection system was subsequently built around the new pier.
Persons: , James Salmon, Francis Scott Key, Michael Rubino, don’t, Joseph Ahlstrom, It’s, “ It’s, Dali, hurtled, Jim Tymon, ” John Snyder, Pete Buttigieg, , Paul, Gerald Desmond Bridge, Matt Gresham, Joong Kim, Michael Forsythe Organizations: Bay Authority, Port, SUNY Maritime College, New York State, American Association of State, Transportation, National Transportation Safety, Sunshine Skyway, Administration, Baltimore Sun, Union, National Oceanic, Atmospheric Administration, Liberty University Locations: Delaware, Bay, Baltimore, Port of Los Angeles, . Delaware, Maryland, Tampa Bay, Tampa, U.S, Minnesota, Union Pacific, St, New York, Bayonne, New Jersey, Staten Island, Long Beach, Calif, New Orleans, Mississippi, Port of New Orleans
Follow our live coverage of the Francis Scott Key Bridge collapse in Baltimore. But after the cargo ship Dali lost power early Tuesday, there were precious few minutes to act. In those minutes, many people — from the ship’s crew, who sent out a mayday signal, to the transportation authority police officers, who stopped traffic heading onto the Francis Scott Key Bridge — did what they could to avert catastrophe, most likely saving many lives. And the Key Bridge was particularly vulnerable. As long ago as 1980, engineers had warned that the bridge, because of its design, would never be able to survive a direct hit from a container ship.
Persons: Francis Scott Key, Dali Organizations: Eastern Seaboard Locations: Baltimore
Now, officials say they will need to pause the recovery effort altogether — with four more victims not yet found — so that pieces of the crumpled bridge can first be removed from the Patapsco River. But, he said, other vehicles that fell from the bridge — possibly with the construction workers inside — are trapped behind debris that makes the area too dangerous for divers. Officials said one of the victims was identified by a driver’s license found with him, and another by his fingerprints. Wes Moore of Maryland said that divers started the search for victims less than an hour after the bridge collapsed. He said officials have been taking the recovery part of the search as seriously as they took the rescue effort, when they believed the missing victims might have still been alive.
Persons: Roland Butler, Francis Scott Key, , Colonel Butler, Alejandro Hernandez Fuentes, Dorlian Ronial Castillo Cabrera, Hernandez, Castillo, Wes Moore, Jacey Fortin Organizations: Maryland State Police, Coast Guard, Gov Locations: Baltimore, Patapsco, Mexico, Guatemala, Maryland
But ship collision barriers are standard around the support piers of bridges over major waterways like the entrance to Baltimore’s harbor. The Verrazzano-Narrows Bridge in New York City, for example, has massive barriers of concrete and rocks around the bases of the piers that support it. It was not immediately clear how old the barriers are around the piers that supported the bridge in Baltimore. The bridge there was being fitted with devices designed to protect the piers in case of any ship crash. The bridge has massive barriers of concrete and rocks around the bases of the piers that support it and protect it from ship crashes.
Persons: Spencer Platt, Basil M, , , Mr, Karatzas, Amy Chang Chien Organizations: Officials, China Central Television, Getty, Karatzas Marine Advisors Locations: Guangzhou, China, Baltimore, Baltimore’s, New York City, New York
A construction company employee who said he labored alongside the six men missing after a Baltimore bridge collapse on Tuesday said many of his co-workers were migrants working to support their relatives. “We’re low-income families,” said Jesus Campos, who has worked at the construction company, Brawner Builders, for about eight months. The executive, Jeffrey Pritzker, and the Coast Guard said that all of the missing workers were presumed dead, given how long it had been since the collapse. Mr. Pritzker said that Brawner’s owner was distressed and spent the early Tuesday hours near the bridge hoping for a rescue, and has also since met with families of all of the missing workers. He wore a black sweatshirt bearing the construction company’s name and milled about, waiting for news and speaking on the phone.
Persons: , , Jesus Campos, Jeffrey Pritzker, Mr, Pritzker, “ It’s, Campos, Francis Scott Key Organizations: Brawner, Coast Guard Locations: Baltimore, Baltimore County
Last June, storied investor Sequoia Capital announced it was to split itself into three separate entities. Sequoia Capital would look after the US and Europe; Peak XV Partners would manage its investments in India; and HongShan Capital would be based in China. The emergence of HongShan as an active investor in Europe would result in the firm "competing with former family," one source said. The expansion could be aimed at attracting businesses that target the Chinese market or companies set up by Chinese entrepreneurs away from home, the FT said, citing sources who had spoken with Shen. HongShan Capital's most recent fund includes LPs such as CalPERS, the University of Texas Investment Management Company, and the University of Washington endowment.
Persons: HongShan, Neil Shen, Shen Organizations: Sequoia Capital, YouTube, Sequoia, Partners, HongShan, Business, United, Strategic, University of Texas Investment Management Company, University of Washington Locations: China, Europe, India, London, Singapore, Asia
The company is considering raising a Series C before what's left of its $90 million in funding runs out. BeReal closed a $60 million Series B funding round at an around $600 million valuation in late 2022, following a $30 million Series A earlier the same year. Sooner than later, BeReal leadership will be forced to choose between raising another round and maintaining its independence or selling itself outright, running the risk of disappearing. Company leadership holds an all-hands every quarter after they meet with the company's board, which includes investors. As for the possibility of an acquisition, BeReal leadership has told employees there are "offers" that have been made, without giving any specifics.
Persons: Alexis Barreyat, what's, BeReal, Yuri Milner's, Andreessen Horowitz, Barreyat, Romain Salzman, Kali Hays, Callum Burroughs cburroughs@businessinsider.com Organizations: Business, Gas, Yuri Milner's DST, Accel Locations: Paris, Japan, Asia, Pacific, khays@businessinsider.com
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