If you love to see what your phone can do, then you should check out the new Aipowered 20m series from Coldewey Tech Crunch. This is the first time a smartphone has been powered by Artificial Intelligence, and it could revolutionize the way you use your smartphone. It will let you use your phone to watch TV, listen to music, surf the web, play video games, and much more. The company has teamed up with DeepMind and Figma, two other technology companies, to develop this new smartphone.
Seed co-led by Greylock and South Park Commons Fund
A few weeks ago, Greylock Partners and the South Park Commons Fund announced a new investment in the form of a Seed. The new fund is dedicated to investing in the community-focused startup community. It will invest in companies that make use of the SPC’s network, and will write checks of $250,000 to $1.5 million.
As part of the deal, Greylock wrote the first check to Wisetack, a new platform that offers “buy now, pay later” services. This innovative payment model helps consumers make purchases in-person without having to shell out money right away.
Greylock helped Wisetack get the ball rolling with a marketing push. The firm also advised the team on compensation and talent strategy. They introduced over 150 candidates for critical roles and helped close the deal.
The new fund also announced investments in three other startups. Among these are Sqreen, which automates logistics for online orders. Another company, TrueNorth, provides a platform for truckers to dispatch and route-optimize their vehicles. Finally, Kenzie, which builds an app to help business owners obtain a mobile phone, received $1.6 million from Rethink Education.
While the new fund has been a bit quiet lately, there have been a few other notable venture funding announcements. One of these is the Cipher Browser, a decentralized app browser. Also, TrueNorth is one of the recipients of the aforementioned seed-sized funding round, along with Harrison Metal and Live Events Platform.
Meanwhile, the South Park Commons has also been active in recent years. Its first investment was in 2015. Currently, the group has 120 members and has launched seventeen companies. However, its membership is a little on the low side when compared to other tech networks. Members include former entrepreneurs, as well as early employees of big tech firms like Uber and Quora.
As it is a startup community, the members are eager to learn from each other, and the staff is a close-knit crew. For example, they have a kitchen at the back of the office, which is a nice touch.
Co-founded by Figma
Founded in 2012, Figma is an online design tool that allows you to create and share your work, collaborate with other designers, and get real-time feedback on your work. It offers a free version, which is ideal for collaborating with friends or colleagues.
While many other companies are building apps, Figma has focused on developing tools for design collaboration. This includes an audio travelingworldnow chat feature, a timer, a constraints tool, and a device preview. The company also offers paid plans for teams, businesses, and individuals.
In order to gain some traction, the company introduced a free version of their software. This helped it acquire its first customers. Although it hasn’t gone public, it’s been valued at more than $20 billion. During the past few years, Figma has raised more than $146 million in funding from investors. Some of the biggest names in the tech world have been backing Figma, including Sequoia Capital, Andreessen Horowitz, and LinkedIn CEO Jeff Weiner.
Aside from being a genuinely useful tool, Figma has managed to make a splash in the tech world. For example, Joe Biden’s campaign managed visual assets via Figma. But it wasn’t until recently that the startup announced it would start charging users for its software.
As of 2019, Figma has 15 employees and offices in Vancouver, Tokyo, and San Francisco. Investors include Greylock Partners, Sequoia Capital, Index Ventures, Andreessen Horowitz, and Kleiner Perkins.
With more than 20 million users worldwide, Figma is one of the most popular design tools around. It’s a real-time design collaboration platform, and it’s growing in popularity. To help the company continue to grow, it’s been making acquisitions and adding new features.
As a young tech entrepreneur, Field faced a number of challenges. First, he needed to learn how to manage a team. Second, he had to figure out the best way to go about it.
He learned how to empower his team to do the right thing. However, he also had to navigate the risk of his employees becoming disgruntled.
Co-founded by DeepMind
DeepMind is a neuroscience-inspired artificial intelligence company. It specializes in deep learning and reinforcement learning. They use algorithms to help researchers tackle a wide range of challenges, from nuclear fusion research to structural biology.
Google acquired DeepMind in 2014. The artificial intelligence company was founded by Demis Hassabis and Mustafa Suleyman.
After Suleyman left Google, he joined Greylock Partners. There he’ll be joining the firm’s board and stick around as its general partner.
Suleyman also co-founded Inflection AI, a conversational AI startup. He plans to work on developing AI that improves human-computer communication. And he’s searching for software engineers and research scientists. But Inflection hasn’t yet determined its target audience.
Suleyman was a founding member of DeepMind, but was later removed from day-to-day management. He was accused of harassment travellworldnow by his colleagues. During a Q&A session with Greylock partner Reid Hoffman, he acknowledged the complaints.
The company has faced a number of complaints and investigations over its work in the UK health sector. Its data-sharing practices travelnowworld were found to be illegal. Despite an apology, DeepMind is still struggling to commercialize its technology.
DeepMind’s applications in the health industry have earned it a lot of negative press. The National Health Service (NHS) gave the company access to 1.6 million patient records. However, the ICO found that the company failed to adequately inform patients of how the data was being used.
DeepMind is still working on figuring out a future strategy. It’s hoping to create a super-intelligent version of itself. This could eventually make phones and robots smarter.
DeepMind has more than a hundred employees, spread across the United States and the U.K. Many of its projects focus on healthcare, and it’s trying to monetize its work.
DeepMind’s “applied AI” division focuses on finding real-world applications for its scientific research. It has already worked on a text-to-speech service for Google Cloud. Also, DeepMind’s applied AI team has helped worldnewsfact Google cut cooling costs for its data centers.
Founded in 2010, DeepMind has grown into a global artificial intelligence research and development lab. They have more than 200 peer-reviewed papers to their name.