Category: News Articles
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Aura, smart frame startup founded by former Twitter execs raises $26M
Aura, a high-design smart frame startup established by early Twitter employees, has raised $26 million in a mix of debt and equity led by LAGO Innovation Fund. This funding followed the massive increase of users to two million in September 2022 from one million in December 2021, with nearly 1 million digital frames sold. The…
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Kenyan SaaS startup raises $3m to improve fleet management in W.Africa
Leta, a Kenyan-based supply chain and logistics SaaS provider, has secured $3 million in pre-seed funding to expand its services to West Africa. Leta founder and CEO Nick Joshi said the company plans to begin in the Ghanaian capital of Accra in December. After Ghana, Leta will try to tackle the Nigerian market. The startup…
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AI created to detect lung cancer can now detect liver cancer too
Scientists at Johns Hopkins Kimmel Cancer Center have successfully used DELFI, an AI-powered blood test that detects lung cancer, to detect liver cancer. In 2021, scientists at the facility developed DELFI, which stands for “DNA evaluation of fragments for early interception.” It is a blood test that identifies cell-free DNA (cfDNA) or fragmentation changes in…
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Startup with mission to revolutionize security camera industry raises $40m
Spot AI has raised $40 million in Series B funding to develop its security camera system. The company aims to revolutionize the security camera industry by making CCTVs smarter. Spot AI offers a cloud-based analytics system that “reads” video footage to provide insights on security, safety and operational activities. The number of CCTVs and other…
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Lab-Grown Chicken Approved For Human Consumption
The United States Food and Drug Administration (FDA) declared Wednesday that cell-cultured chicken by startup Upside Foods is safe for human consumption. It was the first time in history that the FDA approved lab-grown meat by a startup. Upside Foods completed the FDA’s pre-market consultation process, and the organization found no reason to doubt its…
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Web3 startup Yakoa raises $4.8 million to fight NFT fraud
Yakoa, an NFT fraud detection startup, has raised $4.8 million to develop solutions to combat intellectual property crimes on Web3. According to Yakoa co-founder Andrew Dworschak, one of the most frequent types of fraud the company encounters is people making NFTs out of copyrighted artworks without permission. Yakoa offers tools and an indexer that can…
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A Kenyan electric bus and battery leasing business raise $6.6M
An electric bus startup in Kenya has just raised $6.6 million from international investors, bringing its total raised since its launch last year to $10.9 million. The investment round was managed by Mobility54, the venture capitalisation arm of Toyota Tsusho, and Novastar Ventures, a global venture capital firm supporting entrepreneurs who are changing the markets…