Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Lux Capital"


10 mentions found


Biotech startups are using generative AI for everything from protein creation to DNA sequencing. "Drug discovery, antibody discovery, and protein discovery are all fantastic applications of the tech," he added. Generative AI has founders and investors cautiously optimisticThe sector is in the early stages of applying generative technology — but founders are becoming aware of its limitations. "Generative AI models can hallucinate models that are new to nature. Biotech startups meanwhile raised $29.5 billion last year, down slightly from 2021's record-breaking $36.6 billion, according to Bloomberg.
Feng Zhang, Aera's founder and a CRISPR pioneer, spoke with Insider about his vision for the firm. Aera wants to "break open the barrier" of tech through methods like gene editing, Zhang said. The CRISPR pioneer Feng Zhang spoke with Insider about Aera Therapeutics, his Boston-based biotech. "The goal is to break open the barrier that's facing genetic medicine," Zhang told Insider in his first interview about the company. In starting another company, Zhang said he felt it was important to have a dedicated team focused on delivery.
Entrepreneurs are encouraged to look at generative AI as a tool to solve a myriad of problems. This year will be the year new ways of using generative AI will thrive. Jasper competitor Copy.ai, which uses ChatGPT for marketing, raised $11 million in Series A in October 2021. Not all generative AI companies have longevity, and not all sectors have problems that generative AI can solve. For now, investors are confident their bets in generative AI will pay off, said Josh Constine, partner at Signal Fire.
Lately, Zwingmann has been generating lecture notes using ChatGPT, a new chatbot that's quickly become the latest fad in tech. ChatGPT automatically generates text based on written prompts in a fashion that's much more advanced and creative than the chatbots of Silicon Valley's past. Five days after OpenAI released ChatGPT, Altman said that the chat research tool "crossed 1 million users!" ChatGPT is essentially a variant of OpenAI's popular GPT-3.5 language-generation software that's been designed to carry conversations with people. While ChatGPT is free, OpenAI sells access to its underlying language and related AI models for businesses to use.
Health tech boom: Raising capital as economy shifts
  + stars: | 2022-11-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHealth tech boom: Raising capital as economy shiftsDeena Shakir, Lux Capital Partner, and Neel Shah, Maven Chief Medical Officer, join 'TechCheck' to discuss spending in health tech, Covid-19 fueling a renewed interest health benefits, and consolidation in the health tech sector.
And with more women entering the male-dominated venture industry, firms are being forced to craft maternity leave policies on the fly to accommodate new mothers. Forty years ago, the clubby male world of venture capital admitted so few women that maternity leave as a benefit was effectively nonexistent. "There is no playbook about how to take maternity leave or raise a family while also accelerating your career as an investor." Lux CapitalLike in many male-dominated industries, maternity leave as a benefit for investors doesn't come up in conversation until someone needs it. Though, the best policies, investors said, give women choices about how they operate on leave, rather than prescribing a one-size-fits-all leave.
Lux Capital has backed multiple first-time founders this year even as their investment pace slows. In early-stage investments, Lux Capital's Deena Shakir said founders' characters are paramount. Of those 13 founders, Lux Capital has backed four, making it the most-represented venture-capital firm on the list. Here are the top three traits Shakir said she's looking for right now in the founders that Lux Capital backs, in no particular order:1. Founder-market fitWhen examining a startup, Shakir said she has to first ask the question of why the founder is starting this particular company.
Los Angeles-based Apex Space, led by co-founders Ian Cinnamon and Max Benassi, wants to better produce spacecraft at scale. "The one element holding everything back is really on the satellite bus side. They enter an increasingly competitive space subsector of satellite bus manufacturing, with the likes of York Space, which recently reached a $1 billion valuation. But Cinnamon says the market standard is still "handmade" spacecraft that take years to evolve from order to design to delivery. "We're not designing a new satellite bus every single time.
CRISPR pioneer Feng Zhang is building a new gene-editing startup, Insider has learned. CRISPR pioneer Feng Zhang is in the process of launching yet another ambitious gene-editing startup, backed by approximately $200 million from some of biotech's biggest investors, Insider has exclusively learned. Aera was incorporated in September 2021, shortly after Zhang's research was published in Science. Aera is at least the seventh startup Zhang has cofounded, joining a list that includes base-editing biotech Beam Therapeutics, CRISPR company Editas Medicine, and gene-editing startup Arbor Biotechnologies. While the ARC protein seems tailored for brain delivery, Zhang's suite of proteins could reach other organs, Shepherd said.
Miami's tech-startup scene has heated up in the past two years as VCs have flocked to the city. Early-stage funding to the area has topped $2 billion this year, according to Crunchbase. Insider asked VCs to identify the top investors in the Miami area. Despite the slowdown in venture-capital investments this year, early-stage funding flowing to the Miami area is set to eclipse last year's total, according to Crunchbase, with more than $2 billion already invested. Insider asked venture capitalists and other prominent tech figures which investors Miami-area founders should get to know.
Total: 10