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Top related persons:
Alphabet's - 2 Yuri Milner's - 2 Christian Kleinerman - 2 Databricks - 2 Dani Yogatama - 2 Yogatama - 2 Rob Toews - 2 Krystal Hu - 2
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Reka Toronto Snowflake
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Nvidia - 2 Radical Ventures - 2 Thomson - 2 Global Partners - 1 Yuri Milner's DST - 1

Search resuls for: "Christian Kleinerman"


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☆ AI model startup Reka raises $50 mln led by DST Global Partners
  + stars: | 2023-06-27 | by ( Krystal Hu | Thomson Reuters | Krystal Reports On Venture Capital | ) www.reuters.com   time to read: +2 min
June 27 (Reuters) - Reka, an AI model startup founded by former researchers from Alphabet's DeepMind (GOOGL.O), has raised $50 million in a fresh round of funding from investors including Yuri Milner's DST Global Partners and Snowflake (SNOW.N), the companies told Reuters. Reka focuses on building large and specialized AI models for enterprise customers. Snowflake, which invested in the company, also announced a partnership to allow users to run third-party model providers like Reka within their Snowflake account. The partnerships came as Snowflake competitor Databricks acquired AI model training company MosacicML in a $1.3 billion deal on Monday. Yogatama said Reka has built both large models and proprietary model distillation technology to personalize models for specific use cases.
Persons: Alphabet's, Yuri Milner's, Christian Kleinerman, Databricks, Dani Yogatama, Yogatama, Rob Toews, Krystal Hu, Mark Potter, Anna Driver Organizations: Global Partners, Reuters, Nvidia, Radical Ventures, Thomson Locations: Snowflake, Reka, Toronto
☆ AI model startup Reka raises $50 mln led by DST Global
  + stars: | 2023-06-27 | by ( Krystal Hu | Thomson Reuters | Krystal Reports On Venture Capital | ) www.reuters.com   time to read: +2 min
June 27 (Reuters) - Reka, an AI model startup founded by former researchers from Alphabet's DeepMind (GOOGL.O), has raised $50 million in a fresh round of funding from investors including Yuri Milner's DST Global and Snowflake (SNOW.N), the companies told Reuters. Reka focuses on building large and specialized AI models for enterprise customers. Snowflake, which invested in the company, also announced a partnership to allow users to run third-party model providers like Reka within their Snowflake account. The partnerships came as Snowflake competitor Databricks acquired AI model training company MosacicML in a $1.3 billion deal on Monday. Yogatama said Reka differentiated by building both large models and proprietary model distillation technology to downsize models for specific use cases.
Persons: Alphabet's, Yuri Milner's, Christian Kleinerman, Databricks, Dani Yogatama, Yogatama, Rob Toews, Krystal Hu, Mark Potter Organizations: Yuri Milner's DST, Reuters, Nvidia, Radical Ventures, Thomson Locations: Reka, Toronto
☆ Data startup Cybersyn raises $63 mln in Snowflake-led funding round
  + stars: | 2023-04-12 | by ( Krystal Hu | ) www.reuters.com   time to read: +2 min
April 12 (Reuters) - Data startup Cybersyn said it has raised $62.9 million from investors including Snowflake Inc (SNOW.N), Coatue Management and Sequoia Capital, its chief executive told Reuters. The investment marks the first time that Snowflake has led a startup funding round, as the data cloud giant looks to expand its data marketplace for enterprise users to acquire live and ready-to-use dataset. Cybersyn plans to use the capital to expand its eight-person team and acquire more proprietary data to create data products with a focus on macroeconomic trends. Besides using public data sources, the startup is also working on identifying and partnering with proprietary data sources, including buying aggregated anonymized data from non-data provider corporations. Snowflake Marketplace allows users to access third-party data and pay for specific datasets, and combine it with their own corporate data using its platform.
☆ Creator economy experts say 2023 will be a buyer's market for M&A. Here are 5 themes to watch, from tech buyers like Shopify to startup consolidation
  + stars: | 2022-12-30 | by ( Marta Biino | Sydney Bradley | ) www.businessinsider.com   time to read: +12 min
"As a result, institutional acquirers, like PE firms who still have dry powder to spend, will start snatching up mid-to-large sized creator startups at much more advantageous prices." Insider spoke with creator-economy and market experts about what deals and the broader M&A landscape in 2023 may look like. "They're going to see that the creator economy exists as a direct failure of them to support creators," Gestetner said. "But if an opportunity arises for us to significantly enhance our capabilities to make us a better business powering the creator economy, we'll consider it." Startups can expect consolidation in saturated marketsThe crowded niches within the creator economy startup sphere could also face a wave of consolidation.
☆ It's just the beginning of M&A in the creator economy. Industry experts predict 2023's top trends, and the buyers and sellers to watch.
  + stars: | 2022-12-19 | by ( Marta Biino | Sydney Bradley | ) www.businessinsider.com   time to read: +12 min
"As a result, institutional acquirers, like PE firms who still have dry powder to spend, will start snatching up mid-to-large sized creator startups at much more advantageous prices." "They're going to see that the creator economy exists as a direct failure of them to support creators," Gestetner said. "But if an opportunity arises for us to significantly enhance our capabilities to make us a better business powering the creator economy, we'll consider it." Startups can expect consolidation in saturated marketsThe crowded niches within the creator economy startup sphere could also face a wave of consolidation. In the creator economy, companies bet on the fact that YouTube advertising revenue on the videos will increase as the audiences of creators grow and they gain more views.
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