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☆ Tuum wants to provide AI-powered core banking infrastructure. It just raised $27 million with this 16-slide pitch deck.
▼ + stars: | 2024-02-06 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Estonian fintech startup Tuum has raised $27 million in new funding. The startup, founded in 2019, provides cloud-native core banking infrastructure technology. The startup raised cash from CommerzVentures and Speedinvest to fuel its expansion plans. Estonian banking fintech startup Tuum has raised $27 million in new funding. Tuum, founded in 2019, provides core banking infrastructure for banks and other financial institutions that enables them to offer cloud-native services through APIs.

Persons: Myles Bertrand Organizations: Estonian, Tuum, Business Locations: CommerzVentures

☆ Estee Lauder to cut jobs on delayed China recovery; shares surge 16%
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: +2 min

Pedestrians walk past the American multinational skincare, and beauty products brand, Estée Lauder (Estee Lauder) logo seen in Hong Kong. Shares were up 16% in early trading after the company also handily beat second-quarter profit estimates. Estee also cut its annual profit forecast for a second time as its U.S. business slowed down, with a post-pandemic spending spree sputtering. Organic net sales in the Americas fell 1% in the quarter, compared to the 6% growth in the prior quarter. Estee now expects full-year 2024 adjusted profit per share between $2.08 and $2.23, compared with $2.17 to $2.42 earlier.

Persons: Estée Lauder, Estee Lauder, Richemont, Bernstein, Callum Elliott, Estee, Javier Gonzalez Lastra Organizations: MAC, Cartier, Burberry, Tema Locations: American, Hong Kong, China, Asia, Pacific, Americas

☆ Wellness influencers fueled pandemic misinformation. Now they have another big conspiracy in their sights
▼ + stars: | 2024-02-04 | by ( Laura Paddison | ) edition.cnn.com time to read: +12 min

As interest in the pandemic waned, experts say some wellness influencers have latched on to climate change to galvanize followers. Patrick T. Fallon/AFP/Getty ImagesCécile Simmons, a trained yoga teacher, was surprised when many of the wellness accounts she followed started posting about climate change. Some wellness influencers are exposing young audiences to a slew of climate misinformation. Climate misinformation is having “a profound impact” both on people’s beliefs and on the normalization of fringe perspectives, Caulfield said. It’s particularly worrying as it allows climate misinformation to reach new audiences, experts say, including young people that might otherwise be supportive of climate change action.

Persons: Instagram, influencer @truth_crunchy_mama, “, ” They’re, influencer @drmercola, Patrick T, Fallon, Cécile Simmons, ”, Simmons, Joseph Mercola, it’s, Stephanie Alice Baker, Halbert L, Dunn, Baker, Derek Beres, Marc, André Argentino, ” Beres, Callum Hood, Hood, they’re, Tim Caulfield, Spencer Platt, ” CCDH’s Hood, Caulfield, Mariah Wellman, ” Wellman, ” Caulfield, —, It’s, ” Simmons Organizations: CNN, Getty, Institute for Strategic, Global Wellness Institute, City University, Wellness, Center, University of Alberta, University of Illinois, Meta Locations: Hawaii, Lahaina , Hawaii, AFP, globalists, Chicago

☆ Lightbeam.ai helps companies manage AI governance. It just raised $17.8 million with this 16-slide pitch deck.
▼ + stars: | 2024-02-01 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewLightBeam.ai, a data privacy and security startup, has raised $17.8 million in fresh funds. Founded in 2020, the company wants to help businesses adapt their data security in an increasingly AI-powered world. "In the era of generative AI breakthroughs, organizations are empowered to unlock valuable insights from customer data," Prasad told Business Insider. Advertisement"However, this advancement poses the crucial challenge of ensuring secure and compliant handling of customer data within the evolving landscape of AI governance and privacy regulations." The new funding will go towards scaling the San Francisco-based startup's head count having previously focused predominantly on technology investment.

Persons: —, Priyadarshi Prasad, Prasad Organizations: Service, Business, Vertex Ventures, Dropbox Ventures Locations: Francisco

☆ Salary data revealed: Here's how much 16 top US and European AI startups like OpenAI, Anthropic, and Hugging Face are paying staffers
▼ + stars: | 2024-02-01 | by ( Riddhi Kanetkar | Tasmin Lockwood | Callum Burroughs | ) www.businessinsider.com time to read: +2 min

AI talent is very much in demand, with some staffers from the likes of Stripe, Amazon, and Google making the switch to smaller upstarts. AI companies are using some of those funds to shell out on sizable salary packages to attract talent, according to data obtained by Business Insider. While salary transparency remains a problem in both Europe and the US, the latter has taken more steps to make salary data visible to employees and candidates. With considerable research prowess, Europe has become a hotbed for producing AI talent. Business Insider has pulled together salary data from some of the most in-demand AI companies that have published H1B salary data, including OpenAI, Anthropic, and Midjourney.

Persons: Sam Altman, queued, chunky, DeepMind's, Mustafa Suleyman Organizations: Google, Business, Mistral, Companies Locations: Europe, Atomico

☆ Kevin O’Connell: Meet the NFL head coach who preaches the importance of love
▼ + stars: | 2024-01-26 | by ( Poppy Harlow | Callum Sutherland | ) edition.cnn.com time to read: +5 min

CNN —While the NFL playoffs near their finale with this weekend’s conference championship games, one person who won’t be involved is Minnesota Vikings head coach Kevin O’Connell. KO: When you build things the right way and people trust you, they know you’re going to be the same guy every day. They know you’re going to hold them accountable… and it might be one of our captains pulling a younger player aside. KO: I think that’s the best way to empower this whole organization, to build leaders upon leaders and empower them. PH: Is it right to say that this is a team you’re trying to lead with love and empathy?

Persons: Kevin O’Connell, NFL –, Poppy Harlow, O’Connell, Tom Brady, What’s, …, Bill Belichick, Sean McVay, –, you’re, that’s, O'Connell, Jim Rogash, you’ve, ’, You’ve, Stacy Bengs, he’d, there’s Organizations: CNN, NFL, Minnesota Vikings, O’Connell’s Vikings, National Football League, Patriots, New England, Los Angeles Rams, FBI Locations: England, New

☆ Manchester City: Under Pep Guardiola, Phil Foden says the world’s best soccer team feels ‘unbeatable’. Here’s why
▼ + stars: | 2024-01-25 | by ( Callum Sutherland | Amanda Davies | ) edition.cnn.com time to read: +6 min

CNN —For Manchester City star Phil Foden, two major influences have shaped his soccer career: his late grandfather and current manager Pep Guardiola. In his eight years at Manchester City, Guardiola has created a squad atmosphere that has been at the heart of the club’s success. The 23-year-old Phil Foden (C) has already won 14 trophies with Manchester City. From Stockport in Greater Manchester, Foden is a lifelong City fan and joined the club when he was just four years old. At home, in particular, Manchester City has dominated.

Persons: Phil Foden, Pep Guardiola, “, ”, Foden, Guardiola, Naomi Baker, there’s, they’re, We’ve, he’s, David Ramos, Rico Lewis, Oscar Bobb, Lewis, I’ve, Michael Regan, John Terry, they’ve, …, ” Terry, Pep, Jan Kruger, it’s, we’re Organizations: CNN, Manchester City, City, Premier League, FA, League, Men’s, Newcastle United, Guardiola’s, UEFA Champions League, Guardiola, Champions League, Real Madrid, Etihad, Chelsea, England, Globe, CNN Sport, Manchester, Premier League Rules, Abu Dhabi United Group, Liverpool, Copenhagen, Tottenham Locations: Dubai, ”, Stockport, Greater Manchester, Real, overshadows, Anfield

☆ A timeline of Dua Lipa's rumored relationship with 'Masters of the Air' star Callum Turner
▼ + stars: | 2024-01-25 | by ( Callie Ahlgrim | ) www.businessinsider.com time to read: +3 min

Dua Lipa and British actor Callum Turner have been spotted getting cozy several times this month. Turner stars in the new Apple TV+ series "Masters of the Air" and the "Fantastic Beasts" franchise. AdvertisementDua Lipa and Callum Turner are staking their claim as the hot new couple of 2024. AdvertisementJanuary 10, 2024: Lipa and Turner were caught on video togetherLipa and Callum both attended the "Masters of the Air" premiere after-party, where Lipa was filmed dancing with a "mystery man." DUA LIPA AND CALLUM TURNER OMG pic.twitter.com/3cgw0zme4k — ً (@addictionlipa) January 11, 2024TMZ published footage of the encounter the following day, causing fans to speculate it was Turner.

Persons: Callum Turner, Turner, —, Austin Butler, Barry Keoghan, Theseus Scamander, Lipa, Rolling Stone, Brittany Spanos, Romain Gavras, Anwar Hadid, Bella, Gigi Hadid, Callum, CALLUM TURNER, Page, cuddling Lipa Organizations: Apple, Service, Dua, Rolling, cuddling Locations: Dua Lipa, British, Lipa, DUA LIPA, Santa Monica , California, Los Angeles, Sushi

☆ The woman behind the Stanley Quencher's meteoric rise said she had to beg the company's executives to market to women
▼ + stars: | 2024-01-24 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Ashlee LeSueur, cofounder of The Buy Guide, told The Wall Street Journal that Stanley was resistant. AdvertisementStanley, which long marketed itself as an outdoorsy company for campers, construction workers, and — primarily — men, first introduced the Quencher cup in 2016. "Some of the executives had a really difficult time imagining a more female-leaning color palette on the Stanley products," LeSueur told The Journal. "I think the biggest difference when Terence came on was just that enthusiasm," LeSueur told the podcast. AdvertisementThe company's marketing shift worked: Stanley cups have become major status symbols at schools, sparked a collector's mentality around the mugs, and — in at least one case — led to a Stanley cup heist.

Persons: Stanley, Quencher, Ashlee LeSueur, —, Stanley Quencher, Terence Reilly, LeSueur, Lauren Solomon, Solomon, Reilly, Terence, Callum Borchers Organizations: Wall Street, Service, Street Journal, The, eBay, Stanley, Starbucks, Target Locations: Quenchers

☆ Charlie Hughes: Wigan center-back nets late, late winner to make soccer history
▼ + stars: | 2024-01-24 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —England under-20 international Charlie Hughes gave new meaning to the phrase ‘late winner’ when he scored after 20 minutes of second-half stoppage time to earn Wigan Athletic a 1-0 win over Wycombe Wanderers in England’s third tier on Tuesday. The unusually long period of stoppage time at the end of the League One match came about because of an injury to referee Adam Herczeg after a fall early in the second half. The England under-20 international caught the ball on the volley to score the latest goal recorded in a match in the long history of the English Football League (EFL) to win the game. The victory moved Wigan into the top half of League One standings, sitting 11th with 34 points. Wycombe is 17th on 30 points, four above the relegation zone.

Persons: Charlie Hughes, ’, Adam Herczeg, Steven Rushton, Herczeg, Callum McManaman, Hughes Organizations: Reuters, Wigan Athletic, Wycombe Wanderers, League, English Football League, Wigan, Wycombe Locations: England, England’s, Portsmouth

☆ The Match: Female golfers take part in competition for the first time in historic edition
▼ + stars: | 2024-01-23 | by ( Callum Sutherland | ) edition.cnn.com time to read: +5 min

CNN —From NFL quarterback greats locking horns to clashes between golf’s most notorious rivals, Capital One’s The Match series has delivered on a unique approach to entertainment in recent years. Next month, the ninth and latest edition is set to make even more history: for the first time, the series will include female participants. ET (11:30 p.m. GMT) on February 26, Capital One’s The Match will take place under lights across a 12-hole event at The Park course in West Palm Beach, Florida. Warren Little/Getty ImagesAt 28, Thompson is already a seasoned champion, boasting a major title – the 2014 Chevron Championship – among her 11 LPGA Tour victories. In October, she became just the seventh woman to compete on the PGA Tour.

Persons: Rory McIlroy, Lexi Thompson, Rose Zhang, Max Homa, Michael Reaves, –, Jay Monahan, ’ McIlroy, Tiger Woods, Justin Thomas, Jordan Spieth, Jordan, ”, McIlroy, ” McIlroy, “ It’ll, Thompson, Zhang, Warren Little, Jennifer Kupcho, “ It’s, Homa Organizations: CNN, NFL, Capital, TNT Sports, USA, Golf, Hawaii, PGA, JT, Hero Dubai, LPGA, Northern Ireland, Emirates Golf Club, Chevron, –, Stanford, Mizuho, Team Europe, Ryder, Turner Sports, Warner Bros, Discovery, Warner Bros . Locations: West Palm Beach , Florida, United States, Florida, American, Rome

☆ Ansel, a health insurance startup that wants to upend the claims industry, just raised $20 million using this 12-slide pitch deck
▼ + stars: | 2024-01-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewHealth insurance startup Ansel has raised $20 million in new funding. Founded in 2019, Ansel is a platform that provides supplemental health insurance via carriers across 48 US states. This story is available exclusively to Business Insider subscribers. Advertisement"We're focused on making health hardships not become financial burdens," Veer Gidwaney, founder and CEO of Ansel, told Business Insider. The new capital will go towards expanding the company's partnerships with leading insurance providers, developing its tech platform, and scaling its marketing and distribution.

Persons: —, Ansel, Veer Gidwaney, Gidwaney Organizations: Service, Business, Gallup, Nationwide, Portage, Sigma Ventures, Brewer Lane Ventures, SixThirty Ventures Locations: New York City

☆ European startups were twice as likely to accept a down round than US counterparts in 2023, new data shows
▼ + stars: | 2024-01-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Europe's tech startups were twice as likely to accept a reduced valuation in order to raise funds than their US counterparts in 2023, new data shows. Zurich-based Ledgy surveyed 2,500 tech firms across 10 countries for its study and found that by comparison, only 9% of US startups reported a down-round last year. Similarly, smaller firms with fewer than 250 employees were 26% more likely than larger firms to have experienced a valuation cut in the past year, Spirig added. Of the companies surveyed, one in five said they had delayed moves to go public amid tepid macroeconomic conditions, per Ledgy's report. Around a third of respondents indicated that a listing in the US would be their ultimate preference over other destinations, although 72% of UK-based companies surveyed wanted to list in London.

Persons: Yoko Spirig, Spirig Organizations: US, Business, Venture Locations: Europe, Zurich, Germany, Netherlands, Finland, London

☆ AI voice cloning startup ElevenLabs confirms $1.1 billion valuation after it closes third funding round in year
▼ + stars: | 2024-01-22 | by ( Riddhi Kanetkar | Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Read previewElevenLabs, an early-stage AI startup that has captured the attention of some of the world's biggest investors, has raised its third funding round in a year. The Series B round values the business at over $1 billion, confirming Business Insider's earlier reporting from November. ElevenLabs last raised a funding round in June, when it tapped up investors for $19 million at a $100 million valuation. It has also released a new AI Speech Classifier tool, which lets anyone detect if an uploaded sample contains AI-generated audio from ElevenLabs. ElevenLabs now aims to expand its Classifier tool to other AI voice models in the coming year.

Persons: —, ElevenLabs, Andreessen Horowitz, Nat Friedman, Uber, Daniel Gross, Piotr Dabkowski, Mati Staniszewski Organizations: Service, Business, Google, Github Locations: London, New York, Sequoia

In his first game back from an eight-month ban, Toney scored from a free kick to help Brentford beat Nottingham Forest 3-2 on Saturday and end a skid of five straight Premier League losses. I’m just buzzing to be back and scoring goals and playing for the team. Frank even gave Toney the captain's armband for this game, indicating how important his return is for the west London club. Toney led his team with 20 goals in 33 league games last season before being handed the ban in May. With the return of Toney, any thoughts of a relegation scrap for Brentford might soon be in the past.

Persons: — Ivan Toney, Toney, “, ” Toney, Thomas Frank, Dane, Frank, Nuno Espirito, Danilo, Ben Mee, Chris Wood, Callum Hudson, Forest's Orel Mangala, Mads Roerslev, Neal Maupay, volleying, Thomas Frank’s, “ I’m, I’ve, Gabriel Magalhaes, Gabriel Martinelli, ” Martinelli, Gabriel, Dean Henderson, Leandro Trossard, Martinelli's, Mikel Arteta’s, Roy Hodgson’s, ___ Organizations: Brentford, Nottingham Forest, Premier League, Nuno Espirito Santo, Forest, ” ARSENAL, Fulham —, Liverpool, Arsenal, Crystal, Emirates, Aston Villa, Bournemouth, League's Locations: London, Dubai, West Ham, Liverpool

☆ Invite-only Lapse wants to rival Instagram. It's about to raise a lot of cash to do just that.
▼ + stars: | 2024-01-19 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Lapse, a buzzy social media app that wants to rival Instagram, is set to raise fresh funding, Business Insider understands. Based on the number of shares allocated, the company has raised approximately £24.48 million, $31 million. One London-based source familiar with the deal said Lapse was set to secure around $30 million. A look at the Lapse app. It aims to help satisfy the demand for more authenticity on social media.

Persons: Instagram, Jacob Andreou, Ben, Dan Silvertown, Plural's Ian Hogarth, Dmitry Tokarev Organizations: Business, Meta, Greylock Ventures, Facebook, Companies, Octopus Ventures, Redbus Ventures Locations: London

☆ Generative AI startup Recraft just raised $12 million from Khosla Ventures and Nat Friedman with this 22-slide pitch deck
▼ + stars: | 2024-01-18 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Read previewRecraft, a startup that aims to vastly improve the quality of AI-generated images, has raised $12 million in fresh funds. "We are building some unique things using technology that no one else has," Anna Veronika Dorogush, Recraft's CEO and founder told Business Insider. Recraft has brought in $12 million from Khosla Ventures and former GitHub CEO, Nat Friedman, with participation from RTP Global, Abstract VC, Basis Set Ventures, Elad Gil, and other angel investors. The startup originally wanted to raise $10 million but increased the round size due to being heavily oversubscribed, Dorogush said. AdvertisementThe company hasn't spent money on marketing, relying on word-of-mouth referrals to accrue more than 350,000 users, Dorogush added.

Persons: —, Anna Veronika Dorogush, Recraft, Nat Friedman, Elad Gil, Dorogush, hasn't Organizations: Service, Business, Khosla Ventures, RTP Global Locations: London, New York

☆ Carmoola, a UK car financing fintech, just raised a further $19.7 million with this 14-slide pitch deck
▼ + stars: | 2024-01-16 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Car financing fintech Carmoola has raised a further $19.7 million in an extension to its Series A round. "The business has been growing strongly and revenues are up 5x," Aidan Rushby, Carmoola CEO and cofounder told Business Insider. The FCA moved to ban such commissions in 2021 and Rushby told BI that Carmoola was able to acquire customers at a lower cost by cutting out the middlemen. Rushby told BI that the round represented a 33% up round on its previous financing but declined to give specifics on the company's valuation. Check out Carmoola's 14-slide Series A extension deck below:

Persons: Carmoola, Aidan Rushby, we've, Rushby, It's Organizations: Business, FCA, InMotion Ventures Locations: London, InMotion Ventures , New York, Kyiv

☆ Ange Postecoglou: How Australian coach is transforming his club and winning the hearts of soccer fans
▼ + stars: | 2024-01-14 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +10 min

However, the top flight of English soccer had never seen an Australian manager in its 31-year history – that is until the arrival of Ange Postecoglou. Ian MacNicol/Getty ImagesThe Australian was greeted with a similar reception when he was hired by London club Tottenham in the summer of 2023. “He’s inspired Australian football and inspired Australian football coaches,” Dr. Craig Duncan, one of the nation’s leading sports scientists who worked with Postecoglou during his tenure with the Socceroos – the Australian national team – told CNN Sport. So much so that, according to Duncan, many Australian football fans he has spoken to will immediately check the score of Tottenham’s matches when they wake up. “This isn’t about us playing good football, it’s about us winning games of football,” Postecoglou told reporters after a recent 2-1 defeat by West Ham.

Persons: Ange Postecoglou, Postecoglou, Callum McGregor, Ian MacNicol, “ We’ve, “ He’s, ” Dr, Craig Duncan, –, Duncan, ” Postecoglou, “, Postecoglou’s, Craig Foster, Foster, unemployable ”, Ryan Pierse, Postecoglou's, ” Duncan, Spurs, Antonio Conte’s, you’re, ”, Anusak, “ Ricky Sacks, Sacks, Pedro Porro, Yves Bissouma, Pape Matar Sarr, ’, Mauricio Pochettino, Pochettino, José Mourinho, Nuno Espírito Santo, Conte, Harry Kane, Son Heung, he’s Organizations: CNN, Premier League, Spain’s Basque, Australian’s Premier League, Tottenham Hotspur, Scottish, Celtic, Glasgow, Scottish Premier League, London, Tottenham, Spurs, Socceroos –, Australian, CNN Sport, BBC Sport, Sky Sports, South Melbourne FC, FIFA, Australia, Panachaiki, Brisbane Roar, Roar, Melbourne Victory, Socceroos, Brisbane, Melbourne, Marinos, Tottenham Hotspur “, ” Spurs, ‘, Champions League, Bayern Munich, Spurs ’ Locations: Argentinians, Australia, Greece, Japan, Australian, Postecoglou, Athens, Victoria, Brazil, South Melbourne, Yokohama, Scotland, North London, West Ham, London

☆ Firings and Viagra: What Your Office Janitor Knows
▼ + stars: | 2024-01-13 | by ( Callum Borchers | ) www.wsj.com time to read: 1 min

They’ve overheard talk of imminent firings, extravagant personal expenses and unprescribed Viagra use. The people who toil in low-profile support jobs often know a lot about exactly what’s happening inside your company. “There are a lot of things that I have heard or seen but can’t divulge,” says Suzy Dichairo , an executive assistant for 20 years. “So-and-so is cheating on their spouse—that type of scenario.”

Persons: They’ve, Suzy Dichairo, “

☆ Life imitates art as George Clooney directs 'The Boys in the Boat'
▼ + stars: | 2023-12-03 | by ( Hanna Rantala | ) www.reuters.com time to read: +2 min

REUTERS/Mario Anzuoni/File Photo Acquire Licensing RightsLONDON, Dec 3 (Reuters) - Like the subjects of his new film, George Clooney took a chance on a group of actors to transform them into believable professional rowers for "The Boys in the Boat". Directed by Clooney, the film is based on the best-selling non-fiction novel by Daniel James Brown. We had nutritionists and trainers," British actor Turner, 33, said. It's the closest thing I'm ever going to feel to being part of a professional sports team." "The Boys in the Boat" is out in cinemas in the U.S. and Canada on Dec. 25 and globally in January.

Persons: George Clooney, Edward R, Mario Anzuoni, Clooney, Daniel James Brown, Joe Rantz, Callum Turner, Joel Edgerton's, Al Ulbrickson, Terry O'Neill, Turner, I'm, Hanna Rantala, Richard Chang Organizations: Roybal, of Film, Learning, REUTERS, University of Washington, Ivy League, Berlin, Team, Thomson Locations: Los Angeles , California, U.S, London, British, Atlanta, Canada

☆ How Cape Town is learning to live with baboons
▼ + stars: | 2023-11-27 | by ( Callum Sutherland | ) edition.cnn.com time to read: +3 min

CNN —On the outskirts of Cape Town an unusual resident can often be found rummaging through rubbish bins and around back yards. Baboon researcher Esme Beamish, from Cape Town University’s Institute for Communities and Wildlife in Africa, explains that it makes sense for the monkeys to venture into the city in search of food. “Even if we had the perfect baboon proofing of urban areas, they would still be attracted.”Baboons overlooking Cape Town. Baboons raid a tourist's car on the outskirts of Cape Town. The initial plans suggest erecting fences at a number of sites along the top of Cape Peninsula, a natural habitat for the animals, and more fences have been proposed along the edge of suburbs in west Cape Town.

Persons: Esme Beamish, ”, Beamish, They’ve, Schalk van, Jenni Trethowan, ‘ Organizations: CNN, Cape Town University’s Institute for Communities, Wildlife Locations: Cape Town, Africa, Town’s, Cape, Cape Peninsula

☆ Alphabet wants to invest in British fintech bank Monzo before it goes public
▼ + stars: | 2023-11-22 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Monzo, a British fintech bank, is in talks with Alphabet's private investment arm Capital G to raise what is primed to be its last funding round before a public listing. The bank touts around 8.5 million customers in the UK and is best known for its bright coral pink bank cards. Fintech funding in Europe dropped 70% to $5 billion from $17.1 billion in the first half of 2023, compared with 2022, according to Finch Capital. The prospective funding round is set to be the fintech's last private raise before a mooted public debut that would likely take place in late 2024 or 2025. The British bank reported £116.3 million in losses last year despite more than doubling its revenue.

Persons: Monzo, Catalyst, Monzo's, Cash, Conor Walsh, Anil Organizations: Business, Sky News, Abu Dhabi Growth Fund, Silicon, VC, fintech, Finch, London, Starling Bank Locations: British, London, Abu Dhabi, New York, Europe, Monzo, Starling

☆ Generative Engineering wants to simplify the design of physical products. It just raised $4 million with this 12-slide pitch deck.
▼ + stars: | 2023-11-21 | by ( Callum Burroughs | ) www.businessinsider.com time to read: 1 min

Generative Engineering has raised $4 million in seed funding. The London-based startup aims to simplify the design of physical productsCheck out the 12-slide pitch deck used to raise the fresh funds below. Generative Engineering, a startup that aims to simplify the design of physical products, has raised $4 million in fresh funds. The London-based startup, founded in 2021, has developed a platform to reduce the time and resources used on regular iterations in physical engineering. The startup's platform enables engineers to generate thousands of possible design choices and continuously test them, allowing design iteration to happen in parallel.

Organizations: Business Locations: London

☆ Qevlar wants to cut out human vulnerability in cybersecurity using AI. It just raised $5 million with this 10-slide pitch deck.
▼ + stars: | 2023-11-16 | by ( Callum Burroughs | ) www.businessinsider.com time to read: 1 min

Qevlar, a cybersecurity startup, has raised $5 million in seed funding. The Paris-based company uses AI to help identify and manage security risks. Qevlar, an AI-powered cybersecurity startup, has raised $5 million in seed funding. The Paris-based company enables businesses to integrate the Qevlar platform, which then constantly monitors operations, helping identify and monitor security risks in the process. The startup aims to address issues including the alert fatigue faced by security teams and skills shortages in the sector.

Persons: DeepMind's Mehdi Ghissassi Organizations: EQT Ventures, Business Locations: Paris

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