Former DCG, Blockchain Capital investors launch $20M early-stage fund at crypto advisory firm Reverie
After a couple years of dabbling in angel investments, crypto advisory firm Reverie is now bringing a bigger checkbook to bear. The firm is launching a flagship $20 million fund to invest in pre-seed and seed-stage crypto companies, its co-founder Larry Sukernik exclusively told TechCrunch. The fund, anchored by two
Read morePatronus AI conjures up an LLM evaluation tool for regulated industries
It turns out that when you put together two AI experts, both of whom formerly worked at Meta researching responsible AI, magic happens. The founders of Patronus AI came together last March to build a solution to evaluate and test large language models with an eye towards regulated industries where
Read moreDatabricks raises $500M more, boosting valuation to $43B despite late-stage gloom
Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion. This round sticks out, particularly as many late-stage startups are seeing their valuations being slashed amid a wider funding slowdown. Databricks last raised $1.6 billion in
Read moreSmart display company Hearth Display raises $4.6M additional funding
Hearth Display, a hardware company making digital whiteboards for family task management, has raised $4.6 million in additional funding. The round, which is a bridge round, has a mix of existing and new investors including Female Founders Fund, Stellation Capital, Sweater Ventures, Behind Genius Ventures, an SPV led by Golden
Read moreLoadshedding Cannot Win Against the Cloud
As load shedding continues to challenge businesses and individuals alike, there emerges a beacon of hope and efficiency: cloud computing. This revolutionary solution is not just the future; it’s the present, ensuring that load shedding is but a minor glitch in our digital lives. “Load shedding has posed significant challenges
Read moreFNB Shows Sustained Growth in Customers, Deposits and Digital Users
FNB, recently declared South Africa’s Most Valuable Brand, has delivered strong results for the financial year ending 30 June 2023, boosted by sustained growth in customers, deposits, transactional activity, and take-up of its comprehensive product range. Against the backdrop of a tough economic climate that has strained the finances of
Read moreDigitial Disruption Shakes the Insurance Industry
Insurance for small and medium enterprises (SMEs) has a reputation for being complicated, opaque, paper-intensive and expensive. Many SMEs believe that they get poor service and value for money from insurers; they’re also frustrated by one-size-fits-all products and the amount of time and administration it requires to get some basic
Read moreGroup theory and RSA encryption
RSA encryption a map from numbers mod n to numbers mod n where n is a public key. A message is represented as an integer m and is encrypted by computing c = me mod n where e is part of the public key. In practice, e is usually 65537
Read moreOpenAI to open its first EU office as it readies for regulatory hurdles
OpenAI is set to open its first office in the European Union (EU) and make several strategic hires, as the company prepares for regulatory headwinds. The ChatGPT-maker says that it plans to open its third office, after San Francisco and London which it announced in June, in Ireland, which has
Read more5 Apps You Can Trade Nigerian Stocks
In recent years, the Nigerian stock market has seen substantial growth, attracting both local and international investors. With the ease of access provided by mobile apps, trading Nigerian stocks has become more convenient than ever before. The Nigerian economy is expected to see massive growth in coming years. According to
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