#InMobi secures 0 million for AI acquisitions ahead of IPO

#InMobi secures $100 million for AI acquisitions ahead of IPO

Adtech startup InMobi has raised $100 million in debt financing as the profitable Indian firm looks to “significantly deepen” its artificial intelligence initiatives and fund potential AI acquisitions ahead of a planned IPO next year.  Mars Growth Capital, a joint venture between MUFG and Liquidity Group, has financed the funding, InMobi said Wednesday. The investment…

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#Heart disease is the world’s biggest killer — this Cambridge Uni spinout is using AI to find new treatments

#Heart disease is the world’s biggest killer — this Cambridge Uni spinout is using AI to find new treatments

While artificial intelligence (AI) promises to transform all manner of industries, the biggest game-changing breakthroughs in this new era of data-infused machine intelligence arguably lies in the field of drug discovery. By analyzing vast amounts of biological data, AI can help researchers predict how different chemical compounds will interact with specific targets in the body,…

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#YC alum Odigos aims to help enterprises find errors and stamp out latency in their systems

#YC alum Odigos aims to help enterprises find errors and stamp out latency in their systems

Companies’ data architecture today looks nothing like it did 20 years ago, but monitoring and tracing tools haven’t followed suit, making it difficult for engineering teams to identify the root cause of errors and latency issues.  Israeli developer Eden Federman thinks the solution is distributed tracing, a more advanced observability method, but he found adoption…

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#Former Citi, Battery VC has new 8M fund that helps startups land Prudential, Mutual of Omaha, others as investors and customers

#Former Citi, Battery VC has new $378M fund that helps startups land Prudential, Mutual of Omaha, others as investors and customers

PruVen Capital, a fintech and insurance tech venture fund founded by former Benchmark and Citi ventures VC Ramneek Gupta, has closed a new $378.5 million Fund II to invest in financial services and enterprise-focused startups. This second fund is significant because Gupta expanded it beyond a corporate fund with one main LP – Prudential Financial…

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#BigEndian founders hope to use their deep chip experience to help establish India in semiconductors

#BigEndian founders hope to use their deep chip experience to help establish India in semiconductors

India, despite being home to 20% of the world’s chip designers, lacks a significant presence in the global semiconductor market. However, in recent months, the Indian government has begun investing in an effort to establish the country in semiconductors, as companies worldwide have adopted a “China-plus-one” strategy, seeking alternatives to China. BigEndian Semiconductors aims to…

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