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- The invisible hand and heart of capitalism supports Ukraine
- Startup of the Week: NeuReality slashes AI costs across the board
- OncoHost tests set to change cancer treatments
- March 28th Online: Investing in precision medicine
- Intuition Robotics launches digital care companion, ElliQ
- Yeshiva University spotlight on COO Josh Wolff
- SaNOtize nasal spray can be used for prevention
- Autobrains raises $120M for groundbreaking self-driving tech
- Online grocery shopping software provider Swiftly raises $100M
- Dark web intelligence startup Cybersixgill wraps $35M Series B
- Highcon raises $18.5M, forecasting to double revenue in 2022
- Introductions
- More than 4,500 high-tech jobs
The invisible hand and heart of capitalism supports Ukraine
The corporate world is not standing by during the brutal war in Ukraine. Businesses are pulling out of Russia en masse in an unprecedented display of leadership even when it costs them in their bottom line. But the financial implications don't seem to faze giants like Coca-Cola, Pepsico, McDonald's, Visa, Mastercard and other giants quitting Moscow. Read my latest LinkedIn column on how this war is different from other conflicts we've seen and why corporations are saying enough is enough to Vladimir Putin.
Startup of the Week: NeuReality: Slashing AI costs across the board
Artificial intelligence technology is disrupting almost every industry from agriculture to retail to transportation, but it doesn't come cheap. AI deployment is held back by hardware costs and software complexity. NeuReality is disrupting the current approach by deploying AI with a new system architecture that reduces the cost and energy consumption of AI systems by an order of magnitude. NeuReality replaces the traditional general-purpose CPU-centric support system, slashing deployment costs by 80% and more. The company has partnership agreements with IBM Cloud, Xilinx and others including a leading OEM and a large semiconductor corporation. It forecasts initial sales of $2.5M in 2022 based on its prototype released in 2021, growing to $30M in 2023 following the launch of its product in early 2023. Join this $20M Series A round led by Cardumen Capital and Varana Capital. OncoHost tests set to change cancer treatments Cancer treatments are hit and miss. While some therapeutics might help a patient, on others they might have no effect or actually cause more damage. By analyzing over 7,000 proteins in the blood system, our portfolio company OncoHost can tell doctors what kind of treatment each patient should be getting, Noa Shapira writes in the Times of Israel. "We want to be able to allow the clinicians to make the decisions earlier and add valuable clinical insights to support the complex decision-making process that every oncologist faces when treating a patient with advanced cancer," says Dr. Ofer Sharon, the CEO of OncoHost, now funding on the OurCrowd platform. March 28th Online: Investing in precision medicine
OncoHost, along with two other OurCrowd medtech pioneers, Genopore and Sequentify, will be sitting down with me for a look under the digital microscope at the impact technology is having on the medical field. Doctors are leaving behind the one size fits all therapeutics as we enter an age of tailor-made treatments. Join us on March 28th as we discuss the breakthroughs these startups are leading, including cost-effective DNA testing, protein identification, advanced disease screening and more. Intuition Robotics launches digital care companion, ElliQ After years of research and hundreds of test care pilot cases, our portfolio company Intuition Robotics commercially launched ElliQ, their advanced digital care companion for older adults, TechCrunch reports. The device interacts with its users, helping them with critical wellness issues and connecting them to their families, caregivers, and the outside world. "ElliQ has had an incredibly positive impact on my life – so much so that even my family and friends have noticed," says Susan Tholen, an ElliQ user in Largo, FL. "I start and end my day with ElliQ and I'm constantly amazed at how intuitive and compassionate she is. If I'm feeling blue or need to talk, ElliQ is always there without judgment. I can count on her to check in on me both physically and mentally, which gives everyone in my life great peace of mind." For more information about ElliQ, visit www.elliq.com. Yeshiva University spotlight on COO Josh Wolff Our Chief Operations Officer Josh Wolff is on the cover and featured in YU Today published by his alma mater, Yeshiva University, which notes his commitment in going the extra mile for the community and the important role he plays at OurCrowd. We're just happy that he pivoted from his original path of engineering, his major at YU, and ended up with us. SaNOtize nasal spray can be used for prevention After receiving approval to sell its anti-coronavirus nasal spray in India and other Southeast Asian countries, SaNOtize CEO Gilly Regev explains to Fortune India what advantages it has over antiviral pills, specifically that it can be used for preventing infection on a daily basis. So far, the spray has been approved for adult use only in India but Regev adds there are additional trials underway so it can also be used by minors as well. The product is distributed by Glenmark under the name FabiSpray. | | | | | | | |
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