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☆ This startup has a different take on driverless cars. Now it's launching in the U.S.
▼ + stars: | 2024-01-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Vay operates what's called a "teledriving" service, where a car is driven remotely by a human rather than by a computer. German startup Vay on Wednesday launched its so-called "teledriving" solution in the U.S. for the first time, putting the company into direct competition with more richly funded and valuable American firms in the mobility technology space. Vay's service will enable people to get cars delivered to them directly by drivers in remote spaces operated by Vay. When they're done with the trip, they can choose in Vay's app to let one of the company's teledrivers take over, and then park the car. The company has already conducted tests on public roads in Europe and the U.S. with remote drivers and no one behind the wheel.

Persons: Vay, they're, Vay's teledriver, Thomas von der Ohe Organizations: Wednesday, Vay, CNBC Locations: U.S, Nevada, Las Vegas, Europe

☆ GoStudent, the $3 billion edtech darling, scaled fast and partied hard. The result was a mess.
▼ + stars: | 2023-10-24 | by ( Tasmin Lockwood | Riddhi Kanetkar | ) www.businessinsider.com time to read: +23 min

These people were employees of GoStudent, an Austria-based online-tutoring startup that had quickly become the darling of the European tech scene. But 28 current and former GoStudent employees and tutors said they experienced a poorly run organization with clumsy management. Edtech companies "rarely have any major competitive advantage other than scale," a European venture capitalist who's not affiliated with GoStudent said. A GoStudent employee threatened to track down the petition's author using tutors' IP addresses, according to the German publication Handelsblatt. According to public documents updated in December 2022, GoStudent had shrunk to 15 markets and 1,500 employees, including its acquisitions.

Persons: Felix Ohswald, Gregor Müller, GoStudent, who'd, I'm, Heinz, Peter Meidinger, cofounders, Ferdinand von Hagen, Prada, GoStudent's, Dave Benett, Müller, —, Ohswald, Anthony Canavan, Canavan, Brutkasten, Norbert Wess, Harry Murphy, Duncan McIntyre, McIntyre, Neel Gupta, Anna Tuchy, Patrick Nadler, Nadler, Sarah Heuberger, Ross Slater Organizations: German Teachers ' Association, Employees, GoStudent, Conseil, prud'hommes, DBS, Safety Officers, Web, Getty, JP Morgan, Barclays, Deutsche Bank, TechCrunch, Organisation for Economic Cooperation Locations: Vienna, Austria, Silicon Valley, North America, South America, Europe, London, France, Soho , London, Dock, DACH, Germany, Switzerland, Spanish, Sweden, Swedish, GoStudent, Ukraine, Ibiza, GoStudent's, Deliveroo

☆ French verification startup Ondorse just raised $4 million in a seed round led by Deezer investor Eurazeo with this 12-slide pitch deck
▼ + stars: | 2023-09-27 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

French verification startup Ondorse has raised $4 million in seed funding from Deezer and Onfido investor Eurazeo. The Paris-based company, founded in 2022, has built an array of tools to help businesses manage their know-your-customer (KYC) workflows. Ondorse effectively leverages the proficiencies of businesses in the compliance space to provide a clearer and quicker view of its processes. Ondorse has raised $4 million in seed funding just nine months after its $2.5 million pre-seed round which was also led by French fund Eurazeo with participation from tech fund ISAI. "We feel we have the right expertise to build this product given the changing regulatory landscape," Boelle said.

Persons: Eurazeo, Ondorse, Alan, I've, Aymeric Boelle, Boelle Locations: Deezer, Paris, Europe, France

☆ Corti, a health tech startup using AI to improve patient consultations, just raised $60 million with this 12-slide pitch deck
▼ + stars: | 2023-09-20 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

A health tech startup using AI to make patient care more accurate and efficient just secured a $60 million Series B round co-led by Prosus Ventures and Atomico. Copenhagen-based Corti, founded in 2016, has developed an AI assistant that analyzes patient consultations in real-time and reduces administrative work. Its widget sits on a doctor or nurse's computer, records conversations, and analyses them in real-time to support the medical practitioner's decision-making. Cleve said healthcare had become "very fragmented" and that there was pressure from "personnel deficits everywhere" with burnout becoming endemic. It will also keep investing in research and development, improving medical practitioners' workflows, and generative AI.

Persons: Corti, Andreas Cleve, Cleve, EIFO Organizations: Prosus Ventures, Atomico Locations: Copenhagen, Europe, Danish

☆ Ex-Facebook and DeepMind employees in talks to raise sizable initial funding round to build OpenAI rival
▼ + stars: | 2023-05-05 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

A French startup that wants to be Europe's answer to OpenAI is in talks to raise an initial funding round. The secretive new project, named Mistral, was founded by two AI research scientists. Mistral, a secretive new startup pitched as Europe's answer to OpenAI, is in discussions to raise a substantive funding round, sources say. London-based generative AI startup Synthesia is in talks to raise a major round while ElevenLabs raised at a $100 million valuation last month. It's also widened the race for AI supremacy with Google launching its own AI assistant, Bard, to compete with OpenAI.

☆ This startup uses AI to help companies accurately predict future revenues. Check out the 17-slide pitch deck Ramp used to raise $5 million.
▼ + stars: | 2023-03-03 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

Check out the 17-slide deck used to raise the fresh funds. A startup that wants to make revenue predictions much more accurate using machine learning just raised $5 million in fresh funds. London-based Ramp, which was founded in 2018, wants to move teams away from financial modelling methods that are usually conducted on spreadsheets. Additional participation came from Triple Point Ventures, Barnaby Hussey-Yeo, CEO of AI startup Cleo, and Stephane Kurgan, previous COO of King.com. Check out the 17-slide deck used to raise the fresh funds.

PARIS, Feb 6 (Reuters) - French investment firm Eurazeo (EURA.PA) ousted Chief Executive Virginie Morgon on Monday and named a new executive board following a row with the group's number one shareholder, the Decaux family, a source close to the matter said. Jean-Charles Decaux, Eurazeo's chairman, pushed for the decision after a number of matters caused friction between Morgon and the Decaux family, which owns 18% of Eurazeo, the source said. A spokesperson for Jean-Charles Decaux, who is also co-CEO of JCDecaux (JCDX.PA), the world's biggest outdoor advertising firm, declined to comment. In a statement Jean-Charles Decaux, Eurazeo's supervisory board president, called the newly appointed executive board "collegial" and "focused". ($1 = 0.9298 euros)Reporting by Mathieu Rosemain and Sudip Kar-Gupta; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Homa wants to transform the way indie game developers build games. We got an exclusive look at the 19-slide pitch deck it used to raise $100 million.
▼ + stars: | 2022-10-12 | by ( Hasan Chowdhury | Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Homa has raised $100 million in a Series B round to expand its platform for indie game developers. Check out the 19-slide pitch deck to raise the Series B round below. French gaming startup Homa, which aims to make game development easier and more efficient, has raised $100 million in a Series B round. He points to the way in which game engines such as Unreal showcase the potential of their technology with games such as Fortnite. It generates cash through a revenue share scheme with developers who make a profit on games that work, Nathan said.

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