Top Tech News
Alloy Therapeutics raises $42M to speed drug discovery
Our portfolio company Alloy Therapeutics completed a $42M Series D funding round for its technology and business tools designed to make drug discovery faster and more affordable for pharma companies. Alloy's new subscription offering gives collaborators access to all current and future technology platforms for a flat fee with no milestones or royalties. "Our Innovation Subscription model is available now as an exciting next step in furthering our collaborative mission and unlocking the potential for sharing foundational, pre-competitive drug discovery technologies with the global drug discovery community," says Errik Anderson, CEO and Founder.
Superpedestrian e-scooters now available on Google Maps
E-scooter riders can now locate the bright yellow shared scooters from our portfolio company Superpedestrian on the Google Maps mobile app, making it easier for riders to plan trips alongside real-time transit and rideshare information. "It's important to us that our riders are supported with the best tools for planning their trip, and integrating with Google Maps is an obvious necessity to ensure riders can create plans and also change their plans on a whim," says Jamie Perkins, Superpedestrian Director of Communications. The integration is live in cities across the United States, Italy, Spain, Austria, and Portugal.
Bloomberg: Future Family helps power fertility finance boom
The global fertility services market is expected to reach $47.2B this year, rising to $80B in 2026. Several startups, including our portfolio company Future Family, aim to make treatments more affordable, write Bloomberg's Anna Irrera and Aisha S. Gani. High costs and lack of insurance coverage are keeping many people from building a family. Some have turned to credit card companies to finance treatments but steep interest rates are an obstacle. Future Family recently launched an interest-free product which allows borrowers to pay back a loan in 12 months for IVF treatments, whose normal financing cost can reach an average of $12K per cycle.
D-ID powers first US courses taught exclusively by digital humans
DeMario and Dawn Nicole McIlwain, the founders of Skilldora, an EdTech startup based in Fort Mill, South Carolina,have announced a partnership with OurCrowd portfolio company D-ID, using its Creative Reality technology to deliver courses exclusively by AI Instructors, also referred to as digitally created humans, Black News reports. Skilldora is the first US company to offer courses completely taught by digital humans. "We believe the world of eLearning is rapidly changing and learners want more interactive learning experiences, consistency in content quality and compact courses they can take over a lunch break," say DeMario and Dawn Nicole McIlwain.
HUB Security hits H1 2022 revenue targets as SPAC deal nears
Our portfolio company HUB Security has hit its revenue target of $36M for H1 2022 as the firm awaits the closing of its proposed SPAC merger with Mount Rainier Acquisition Corp., Inside Quantum Technology News reports. The article also indicates that HUB expects to meet its full-year revenue goal of $115M and achieve profitability this year. A submission of an F-4 prospectus to the SEC for the expected SPAC merger and NASDAQ listing at $1.28B market capitalization is expected to close in Q4 2022.
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