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- This startup says its AI can better spot a healthy embryo — and improve IVF successWith every year, AI is beginning to bring more standardized levels of diagnostic accuracy in medicine. This is true of skin cancer detection, for example, and lung cancers. Now, a startup in Israel called Embryonics says its AI can improve the odds of successfully implanting a healthy embryo during in vitro fertilization. What the company has been developing, in essence, is an algorithm to predict embryo implantation probability, one they have trained through IVF time-lapsed imaging of developing embryos. It’s just getting started, to be clear. So far, in a pilot involving 11 women ranging in age from 20 to 40, six of those individuals are enjoying successful pregnancies, and the other five are awaiting results, says Embryonics. It’s a big business to be chasing. The global in-vitro fertilization market is expected to grow from roughly $18.3 billion to nearly double that number in the next five years by some… ..... Read More.2 hours ago
- Accounting automation startup Geroges raises $42.4 million and rebrands to IndyFrench startup Georges — or Georges.tech — is raising a new round of funding of $42.4 million (€35 million). The company is also getting a new name and will be called Indy going forward. The startup has been building an accounting automation application for freelancers and small companies. Singular is leading today’s funding round. You might not be familiar with Singular, but it makes a ton of sense to see the VC firm on the cap table. Former Alven partners Jeremy Uzan and Raffi Kamber left the Paris-based VC firm to raise their own fund. Uzan previously invested in Indy when he was at Alven and he’s following up with Singular. Existing investors Alven and Kerala are also investing once again. Overall, Indy has managed to attract 40,000 clients who pay a monthly subscription fee to access the service. Indy first started with a product specifically designed for freelancers, self-employed… ..... Read More.2 hours ago
- Wireless charging tech developer Powermat pivots to industrial applications with Jetsons Robotics pa...When the two year-old Indian company Jetsons Robotics began searching for a partner to help design charging stations for their autonomous rooftop solar installation cleaning robots, the Israeli company Powermat was an obvious choice. While the company had made its name as the designer for wireless charging technologies for consumer electronics, over the past two years the company was shifting its focus to more industrial applications. So it made sense to work with the Indian company on new form factors and applications for its charging technologies. Indeed, the consumer market that Powermat had hoped to capture had been, by that point, broadly commoditized, so the tech developer needed a new direction. Cleaning rooftop solar installations can be a costly endeavor, running companies anywhere from $100,000 to $500,000 per year, according to Jetsons Robotics chief executive, Jatin Sharma. The use of robots to replace human labor can save money, but the… ..... Read More.2 hours ago
- Digital securities platform iSTOX closes $50 million Series A to make private equity accessible to m...Oi Yee Choo, chief commercial officer of digital securities platform iSTOX iSTOX, a digital securities platform that wants to make private equity investment more accessible, has added new investors from Japan to its Series A round, bringing its total to $50 million. Two of its new backers are the government-owned Development Bank of Japan and JIC Venture Growth Investments, the venture capital arm of Japan Investment Corporation, a state-backed investment fund. Other participants included Juroku Bank and Mobile Internet Capital, along with returning investors Singapore Exchange, Tokai Tokyo Financial Holdings and Hanwha Asset Management. Founded in 2017 and owned by blockchain infrastructure firm ICHX, iSTOX’s goal is to open private capital opportunities, including startups, hedge funds and private debt, that are usually limited to a small group of high-net-worth individuals to more institutional and accredited investors. (It also serves accredited investors outside of Singapore, as long as they meet the… ..... Read More.4 hours ago
- Indian stock exchanges approve $3.4B Reliance and Future deal in setback for AmazonIndian stock exchanges approved the $3.4 billion deal between retail giants Reliance Retail and Future Group on late Wednesday in yet another setback for Amazon, which has invested over $6.5 billion in the world’s second largest internet market and sought to block the aforementioned deal. The Bombay Stock Exchange said in a notification that it had spoken with India’s markets regulator, the Securities and Exchange Board of India (SEBI), and had no objection or adverse observation on the deal. Wednesday’s notification is the latest setback for Amazon, which had written to SEBI and Indian antitrust watchdog to block the multi-billion deal between Future Group and Reliance Retail, the two largest retail chains in India. Last year, India’s antitrust group gave a go ahead to the deal to the Indian firms. “We hereby advise that we have no adverse observations with limited reference to those matters having a bearing on listing/de-listing/continuous listing… ..... Read More.6 hours ago
- Genflow nabs $11M investment from BGFGenflow, a London an0d LA-based brand building agency that offers an e-commerce and mobile tech platform to let influencers start companies, has raised $11 million in funding. Leading the round is U.K. investor BGF. The injection of capital will be used by Genflow to further scale its offering and for international expansion. Founded in 2016 by entrepreneur Shan Hanif to help social media influencers develop their brands and extract revenue from their audiences, Genflow combines aspects of a traditional branding agency — such as strategy, design and planning — and a tech company with its own software stack. This sees Genflow position itself as a brand-as-a-service (BaaS) platform, which helps influencers develop their own digital and physical products instead of promoting other brands, and enables them to launch their own membership club, gated community, mobile app or direct to consumer brand. “Genflow offers the complete infrastructure from design, development, manufacturing… ..... Read More.8 hours ago