Startup
In the landscape of cancer treatment, clinical trials stand as beacons of hope, offering potential breakthroughs and extended lifespans for patients. Yet, despite the multitude of trials conducted annually in the United States, only a small fraction of eligible patients—3% to 5%—actually enroll in these investigational treatments. Triomics, a pioneering AI startup, aims to revolutionize this process, promising to drastically reduce the time it takes for doctors to match patients with appropriate trials.
In the fast-paced world of cybersecurity startups, Noname Security, a company specializing in safeguarding APIs, appears to be nearing a pivotal moment. Sources close to the matter suggest that Noname is deep in negotiations with Akamai Technologies for a potential acquisition deal valued at $500 million.
SingleInterface, a Singaporean SaaS startup specializing in assisting offline businesses to enhance their revenues by harnessing the power of the internet, has successfully secured $30 million in its inaugural external funding round. This significant investment marks a pivotal moment for the company as it aims to broaden its global presence and refine its product offerings to cater to the needs of international brands.
GGV Capital VCs Announce New Brands After Splitting U.S. and Asia Operation. Jenny Lee and Jixun Foo, longtime leaders at GGV Capital, have revealed the new branding for their separate ventures following the division of the firm’s U.S. and Asia teams.
StealthMole, an AI-powered dark web intelligence startup specializing in monitoring cyber threats and detecting cybercrime, has secured a $7 million Series A funding round. The Singapore-based startup, with an R&D office in South Korea, plans to use the funding to expand its R&D capabilities, support more commercial applications of its technology in the B2B sector, and expand geographically.
Investors Venrex and Samos Investments from the U.K. are supporting the launch of a new venture capital firm focused on backing startups led by Ukrainians, both within Ukraine and abroad. These investors are recognized for their early involvement in successful startup funds like Seedcamp and Entrepreneur First.
Stability AI founder and CEO Emad Mostaque has stepped down from his role and the company’s board, making it the second major change in the AI startup scene this week.
“It’s been a challenging journey,” remarked Atomos CEO and co-founder Vanessa Clark about the company’s first demonstration mission, Mission-1, launched aboard a SpaceX Falcon 9 rocket on March 4. The mission’s objectives, including rendezvous, docking, orbital transfer, and on-orbit refueling, are exceptionally ambitious. However, Atomos has encountered and overcome significant hurdles, particularly related to communications and spacecraft rotation rates.
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