We want new meals tech % OurCrowd Weblog

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Startup of the Week: NeuReality, slashing AI prices
Sufresca: Holding produce contemporary, with out plastic
Ukraine disaster: We want new meals know-how
NYT: Freightos has solutions for supply-chain woes
Flytrex begins operations in Texas as FAA certification nears
Chicago offers inexperienced mild to Superpedestrian
US Military faucets ICON for largest 3D printed buildings in America
Google Cloud maps consumers’ journey with Oriient
Israel’s subject hospital in Ukraine makes use of TytoCare kits
Snowflake chooses Cybersixgill for cyber risk intelligence
Goldman Sachs leads information.world’s $50M Sequence C increase
ADvantage Fund’s TAPPP raises $10M, indicators Main League Rugby
Introductions: How will you assist our portfolio firms?
Greater than 4,600 high-tech jobs

Startup of the Week:
NeuReality: Slashing AI prices throughout the board

Synthetic intelligence know-how is disrupting nearly each business from agriculture to retail to transportation, nevertheless it doesn’t come low-cost. AI deployment is held again by {hardware} prices and software program complexity. NeuReality is disrupting the present strategy by deploying AI with a brand new system structure that reduces the fee and vitality consumption of AI techniques by an order of magnitude. NeuReality replaces the standard general-purpose CPU-centric assist system, slashing deployment prices by 80 p.c and extra. The corporate has partnership agreements with IBM Cloud, Xilinx and others together with a number one OEM and a big semiconductor company. NeuReality forecasts preliminary gross sales of $2.5M in 2022 based mostly on its prototype launched in 2021, rising to $30M in 2023 following the launch of its product early that 12 months. Be part of this $20M Sequence A Spherical led by Cardumen Capital and Varana Capital.

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Sufresca: Holding produce contemporary, with out plastic

Some 1.3 billion tons of meals worldwide are thrown away yearly. Round half of all contemporary vegetables and fruit is both misplaced or wasted, a lot of it broken in transit or spoiled earlier than buy. Israeli startup Sufresca has found out a approach to significantly prolong the shelf lifetime of produce utilizing its pure and cost-effective know-how, Noa Shapira writes in the Times of Israel. The corporate produces a biodegradable coating that’s simply utilized to vegetables and fruit, retaining them contemporary and saving on plastic packaging besides. Sufresca is at the moment funding on the OurCrowd platform.

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Ukraine disaster: We want new meals know-how

The risk to world meals and vitality safety and sudden value hikes triggered by the Russian invasion of Ukraine spotlight the urgency of accelerating new improvements to resolve these issues, I informed Hadley Gamble on CNBC International.

NYT: Freightos has solutions for supply-chain woes

The monumental provide chain disruptions spawned by the coronavirus pandemic have catapulted firms like OurCrowd logistics specialists Freightos into the highlight, the New York Times reports. Freightos’ digital reserving platform for worldwide transport harnesses breakthrough know-how and information from hundreds of world logistics suppliers, importers, airways and ocean liners to assist firms discover sought-after freight house. That experience is now in excessive demand after the pandemic rewrote the foundations of world commerce. “Researchers and policymakers are flying blind, and each they and unusual individuals are turning to specialists” like Freightos Chief Advertising and marketing Officer Eytan Buchman “as they attempt to sketch out a brand new map of a modified financial panorama,” The Occasions studies.

High Tech Information

Flytrex begins operations in Texas as FAA certification nears

Airborne drone deliveries have come to the Lone Star state. Our portfolio firm Flytrex began working within the city of Granbury, Texas, within the higher Dallas/Fort Value space, TechCrunch reports. This comes on the heels of the FAA’s publication of the ultimate airworthiness criteria for certification of automated drone techniques, paving the way in which for the first-of-its-kind regulatory means of sort certification within the US. “It is a pivotal second for the business drone business. This type of approval has by no means been given by the FAA to any unmanned airplane thus far. We’re very proud to be amongst the only a few firms main the FAA certification course of for drones,” says CEO Yariv Bash.

Chicago offers inexperienced mild to Superpedestrian

Residents of Chicago will quickly be seeing shared electrical scooters from our portfolio firm Superpedestrian on their streets. The town council granted the corporate a license to deploy 1,000 of its LINK scooters in some neighborhoods from Might, CBS reports. Superpedestrian is certainly one of three firms participating in an reasonably priced transportation initiative that town plans to make everlasting later this 12 months. “As transportation prices go up, it’s important that we assist micromobility options like shared bikes and scooters, which give reasonably priced methods to journey in Chicago with no need a automotive,” says Mayor Lori Lightfoot.

US Military faucets ICON for largest 3D printed buildings in America

The US Military has contracted our portfolio firm ICON to provide three new barracks at Fort Bliss in Texas utilizing its 3D printing know-how, Stars and Stripes reports. Every constructing can be over 5,700 sq. ft, making them the most important 3D-printed buildings within the Western Hemisphere. “Establishing services utilizing this cutting-edge know-how saves labor prices, reduces planning time and will increase the velocity of development of future services,” says Military Lt. Gen. Doug Gabram, commander of US Military Set up Administration Command. Development is anticipated to take 10 months.

Google Cloud maps consumers’ journey with Oriient

Wandering by way of retailer aisles searching for a selected merchandise could make procuring a irritating and time-consuming chore. Google Cloud is partnering with OurCrowd portfolio firm Oriient to supply consumers cutting-edge software program to direct them precisely to the product they’re searching for, AIthority reports. Indoor location companies additionally present helpful information on the shopper journey. “Retailers across the globe are quickly shifting their enterprise methods to account for the accelerated change in client behaviors and procuring preferences,” says Carrie Tharp, VP Retail at Google Cloud. “We’re excited to have Oriient’s location companies obtainable on Google Cloud Market so organizations have entry to the applied sciences they should evolve the in-store procuring expertise at scale.”

Israel’s subject hospital in Ukraine makes use of TytoCare kits

Telehealth kits from Qure portfolio firm TytoCare are being utilized by the employees of the Israeli subject hospital based mostly in western Ukraine, Calcalist reports. The hospital’s volunteers use the kits to conduct intensive bodily examinations on refugees in and round their base of operations within the metropolis of Mościska. The items can take heed to a affected person’s coronary heart and lungs and take photos of their ears and throat in actual time. The examination outcomes are relayed to docs in Israel for analysis.

Snowflake chooses Cybersixgill for cyber risk intelligence

Large information large Snowflake (NYSE: SNOW) has picked our portfolio firm Cybersixgill to assist protect its users from cyber assaults coming from all corners of the web. The corporate makes use of machine studying to pinpoint early indicators of on-line safety breaches and forestall them. “The combination of an business chief like Cybersixgill for risk intelligence within the Snowflake Information Market permits our clients to faucet into an extremely complete assortment of deep, darkish, and clear net information about related risk actors, their targets, and methods,” says Omer Singer, Head of Cybersecurity Technique at Snowflake.

Goldman Sachs leads information.world’s $50M Sequence C increase

Goldman Sachs led a $50M Sequence C funding spherical for our portfolio firm data.world, which helps enterprises shield their delicate data, TechCrunch reports. The corporate’s cloud-based instruments are designed particularly for firms seeking to considerably enhance their information discovery, information governance and large information analytics. “Information.world sits on the intersection of a number of prevailing developments which might be defining the way forward for information administration,” says Mike Reilly of Goldman Sachs. The corporate has raised over $132M.

ADvantage Fund’s TAPPP raises $10M, indicators Main League Rugby

TAPPP, half OurCrowd’s ADvantage sports activities know-how fund’s portfolio, raised $10M in a Sequence B funding spherical. The corporate offers a media portal that enables viewers to work together and wager on sports activities occasions in actual time. TAPPP additionally inked a multi-year nationwide partnership with Main League Rugby and The Rugby Community, Martech Series reports. permitting rugby followers within the US to have interaction in stay, on-screen betting transactions and gaming contests.

Introductions

Your portfolio will get stronger when the OurCrowd community will get concerned. Go to our Introductions web page to see which of our firms are searching for connections that you just could possibly assist with.