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 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 moreRSA encrypted messages that cannot be decrypted
Not all messages encrypted with the RSA algorithm can be decrypted. This post will show why this is possible and why it does not matter in practice. RSA in a nutshell RSA encryption starts by finding two large primes, p and q. These primes are kept secret, but their product n
Read moreMecho Autotech raises $2.4M, ventures into wholesale spare parts distribution
Mecho Autotech, a startup offering automotive spare parts, vehicle repairs and maintenance services, has raised a $2.4 million pre-Series A round. The firm targets the Nigerian market, where 90% of the country’s more than 12 million registered cars (mainly used) require regular maintenance to avoid recurring breakdowns. Its primary business
Read moreChina’s Honor returns to the Indian smartphone market
Honor is a top five smartphone maker in its native China. Now the company is returning to India with the Honor 90, its first new device for the world’s second largest smartphone market in more than three years. The new handset is already available in global markets, including Malaysia, Europe,
Read moreUK DeepTech gets another boost with new $100M SCVC fund out of Bristol
Europe has far too few VCs created by former founders, or “Operators” as the industry often likes to call them. Yes, Atomico has Niklas Zennström. Firstminute Capital has Brent Hoberman. More recently Plural was created by Taavet Hinrikus (ex-Wise), Sten Tamkivi (ex-Teleport) and Ian Hogarth (ex-Songkick). But that “operator-turned-VC” list
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