Twelve Labs is building models that can understand videos at a deep level
Text-generating AI is one thing. But AI models that understand images as well as text can unlock powerful new applications. Take, for example, Twelve Labs. The San Francisco-based startup trains AI models to — as co-founder and CEO Jae Lee puts it — “solve complex video-language alignment problems.” “Twelve Labs
Read moreAleph is building a platform to reconcile disparate financial data
As cloud-based software becomes the norm for many functions inside of modern businesses, data silos are growing into an outsize problem. This is particularly true in the financial industry, where vendors are often faced with reconciling data from a diverse range of sources. According to a 2022 survey from InterSystems
Read moreIn the wake of Dash’s closure due to fraud, 5 investors talk due diligence in Africa
It’s been a tough year for tech startups globally. These struggles have manifested in layoffs, down rounds and complete shutdowns caused by current market conditions, utter mismanagement or fraud. This August, SoftBank sued one of its portfolio companies, IRL, a social media platform poised to become an event organizing alternative for
Read moreComposable architecture
On this episode Ryan and Stack Overflow Director of Brand Design David Longworth chat with Matt Biilmann, CEO and co-founder of Netlify, about composable architecture, how making it easier to code will create more developers, and the future of the front end is portability.
Read moreNew solar mini-grids in Africa to be powered by Husk Power Systems’ $103M Series D
Husk Power Systems, a clean energy company at the forefront of fueling rural electrification since 2008 and that announced plans to launch 500 solar mini-grids in Nigeria over the next five years, has raised $103 million Series D in equity and debt to meet its objectives. The capital injection includes
Read moreOxolo bags €13M for Gen AI-driven video platform which can optimise engagement on the fly
Much has been made of AI-powered videos which can either make a real person speak different words or other languages, or generate a synthetic person which can speak on-demand. A few years ago former football star David Beckham helped push the idea into the mainstream via a video from Synthesia,
Read moreByju’s CFO quits in six months amid delayed accounts
Byju’s CFO Ajay Goel, who joined the edtech giant in April this year, has already resigned, the two said Tuesday, in the latest setback for the startup that is grappling with scores of challenges. Goel will leave Byju’s after completing the long-delayed audit formalities for the financial year ending March
Read moreTwo years after pausing service, Roblox China cuts a small number of staff
Roblox China was once full of promise. Since its localized platform, which is a joint effort with Tencent, abruptly halted operation nearly two years ago, the company has been quiet about its standing in the world’s second-biggest gaming market until now. TechCrunch learned that Roblox China, also called LuoBu (罗布乐思),
Read moreSmart upcycling machine dissects batteries to save them
Circu Li-ion cofounder and CEO Antoine Welter says his startup’s upcycling machine can diagnose batteries in seconds. “We know exactly which cell can be reused and which one can’t,” he told TechCrunch on Monday. Circu Li-ion is in the business of saving usable battery cells from shredders. The German startup’s
Read moreSingapore-based Qosmosys closes $100M seed round to develop tech for the moon
Singapore-based Qosmosys has closed an astonishing $100 million seed round to develop its lunar lander tech. The company did not disclose its investors, nor did a Qosmosys spokesperson respond to TechCrunch’s email. In a press release published to its website, the startup simply said that it practices a “unique and
Read more