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Industry Ventures raises a $900M fund for investing in small, early-stage VCs and their breakout startups

​[[{“value”:” The venture fundraising trend in 2024 is fairly clear by now: Large, established VC firms are continuing to attract capital from limited partners, while smaller, newer funds are finding it more difficult to raise.  But Industry Ventures’ latest fundraise should offer a dash of good news for emerging managers. On Tuesday, the 24-year-old firm announced […] © 2024 TechCrunch….

Sensorita uses digital twins to help waste management companies streamline construction waste

​[[{“value”:” The amount of waste produced by the construction industry adds up to more than a third of the overall waste produced each year in the European Union. And it’s no better in the U.S. Stateside, the construction industry produces more than double the waste that households do each year. Sensorita wants to help the construction […] © 2024 TechCrunch….

As the AI boom gobbles up power, Phaidra is helping companies manage datacenter power more efficiently

​[[{“value”:” Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from 3% in 2022, as cloud service providers expand to meet the demand for AI infrastructure. Assuming the current trend holds, U.S. utilities will need to […] © 2024 TechCrunch….

A new paradigm in antibiotic research

A new paradigm in antibiotic research

​[[{“value”:” A new paradigm in antibiotic research Published: Used for treating bacterial infections, antibiotics are an essential part of modern medicine. However, this crucial treatment option is in jeopardy. Antibiotic resistance – where bacteria become resistant to antibiotics – led to more than 1 million deaths worldwide in 2019. At the University of Basel in Switzerland, Professor Christoph Dehio leads…

Indian edtech Unacademy cuts another 250 jobs

​[[{“value”:” Indian edtech giant Unacademy is laying off about 250 employees, the latest in a series of layoffs since the reopening of schools across the country after the pandemic. The Bengaluru-headquartered startup, valued at $3.4 billion in its last funding in 2021, is cutting 100 jobs in core roles (marketing, business and product) and about 150 […] © 2024 TechCrunch….

Anthropic looks to fund a new, more comprehensive generation of AI benchmarks

​[[{“value”:” Anthropic is launching a program to fund the development of new types of benchmarks capable of evaluating the performance and impact of AI models, including generative models like its own Claude. Unveiled on Monday, Anthropic’s program will dole out grants to third-party organizations that can, as the company puts it in a blog post, “effectively […] © 2024 TechCrunch….

Senators urge Synapse’s owners, partners, and VC backers to restore customers’ access to their money

​[[{“value”:” A group of senators has banded together to urge Synapse’s owners and bank and fintech partners to “immediately restore customers’ access to their money.” As part of their demands, the senators implicated both the partners and investors of the company as being responsible for missing customer funds. In a letter shared publicly on Monday, U.S. […] © 2024 TechCrunch….