7/6/23

July 06, 2023

🚀 Weekly Tech Highlights (7/6/2023)

Meta’s new platform, Threads, is set to rival Twitter, offering a space for public conversations. It's already causing a stir in the social media landscape.

Google's quantum computer, Sycamore, can perform complex calculations in seconds, a feat that would take a supercomputer nearly half a century. This marks a significant milestone in quantum computing.

Blackrock will work with Coinbase aiming to reduce the possibility of market manipulation and improve its chances of the BTC ETF going through.

The UN Security Council, chaired by India, is next to discuss the risks of artificial intelligence for international peace and security signaling the extreme impact AI will have in this century.

AI startups, from LLMs to infrastructure, raised the second most funding this quarter following early 2022.

🧠The hottest thing in tech this week

The Next Evolution in AI? Hu.ma.ne's AI Pin Could be a Giant Leap towards a screenless future

Shattering the status quo in wearable AI, Humane, Inc. has unveiled its first device, the Humane Ai Pin. Promising to transform human-technology interactions, the company's innovation paints a future where technology is both ambient and contextual, seamlessly integrating AI into our daily lives.

Powered by Qualcomm's Snapdragon platform, the AI Pin allows for superior personalized experiences, with the whole world morphing into your personal operating system. Check out the unveiling in a recent Ted Talk by Imran.

“A new kind of wearable device built entirely for artificial intelligence…completely fading into the background of your life…screenless, seamless, and sensing.” - Imran Chaudrey, Co-Founder, Chairman, and President of Humane

🔓Deals Unlocked

Founders to Watch and Opportunities to Catch

Closed Deals:

  1. Aito's Game-changing Haptic Tech Scores $6.5M — Securing $6.5M in a Series A round ($23.5M total) with funding by KBC Focus Fund and Forward.One, haptic technology innovator Aito, led by CEO Nedko Ivanov, eyes global consumer market expansion.

  2. Quantagonia: Bridging Quantum Gap with €3.6M Seed — Quantum computing startup Quantagonia amasses €3.6M in seed funding (€4.3M total) led by Tensor Ventures, accelerating the merge between classical and quantum computing.

  3. EGYM's Targeting IPO after substantial Series F round — EGYM, Munich's fitness tech star, raises $225M in a Series F led by Affinity Partners, propelling preventive healthcare with AI.

Companies on the rise:

  1. How Resistant AI is Fighting Fraud and Winning - Resistant AI's cutting-edge technology has doubled its customer base and skyrocketed its ARR by 600% - a trailblazing game-changer that investors can't afford to overlook.

  2. The Startup That Wants to Give You a Perfect Memory - Rewind.ai, following its valuation-boosting Series A, is ripe for a strategic buyout led by startup veteran, Dan Siroker.

  3. A Data Powerhouse on the Verge of Going Public - Big Data behemoth Databricks, after its strategic $1.3B acquisition of MosaicAI, signals an unstoppable march toward an IPO, reshaping the future of data intelligence.

  4. The Proptech Startup That Turns Virtual Tours into Real Deals - [Inspace], catapults commercial property deals with its AI-enhanced virtual inspection platform, boasting 400% subscription revenue growth and backed by high-profile investors including Facebook's co-founder."

  5. Using LLMs to Boost Efficiency and Break Down Silos - co-founded by Stripe-acquired Totems' pioneers, [Dust] is leveraging LLMs to dismantle internal barriers and unleash team potential and signifies a new era of enterprise efficiency.

As we continue to uncover the future, "The Tech Buzz" will be your guide to stay ahead of the curve. See you next week for more exclusive news, in-depth insights, and trailblazing opportunities.

The Tech Buzz Team