The Wanderlust Group , a Rhode Island-based startup focused on building software for the boating world, announced that it has closed a $14.2 million Series B round of capital this week. The new funds were provided by Allen & Company , Drubner Equities and Avenir Corporation , a collection of family office capital and management groups. Wanderlust had raised $13.1 million prior to this round of funding, making its new Series B larger than all the capital the startup had raised previously. According to Wanderlust’s CEO, Mike Melillo, a large percentage of the company’s early team were formerly senior […]
Intel Corp. today said that it’s buying Andreessen Horowitz-backed artificial intelligence startup SigOpt Inc. for an undisclosed sum. SigOpt, based in San Francisco, develops a software platform that is used by private firms and research groups such as OpenAI to boost the performance of their AI models. Its platform improves model performance through a method known as hyperparameter optimization. Hyperparameters are settings defined by developers that influence how an AI processes data. These settings can include, among others, the number of artificial neurons in a model and the way those neurons interact with each other. Hyperparameter optimization, SigOpt’s specialty, […]
Jack Chandler told Business Insider that as an investment manager, he had long watched the “rise of private investors and the mass size of investor pools,” and was interested in the “democratization” that crowdfunding could allow for. CrowdStreet This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.
getty In 2018, a University of Michigan study reported that there was a better way to measure blood pressure than the tried and true blood pressure cuff created in 1881. They believed that a smartphone could optically measure blood flow. In 2019, the Federal Drug Administration (FDA) granted a 510(K) clearance for the first non-invasive cuffless blood pressure wearable watch and patch device from a company called BioBeat. The watch was worn on the user’s wrists, and the patch could be placed anywhere on the upper torso. According to a 2018 report by the CDC, nearly half of adults […]
Hello and welcome back to Equity , TechCrunch’s venture capital-focused podcast ( now on Twitter! ), where we unpack the numbers behind the headlines. A few notes before we get into this. One, we have a bonus episode coming this Saturday focused on this week’s earnings reports. And, second, we did not record video this week. So, if you like watching the show on YouTube, this is not the week for that! Right, here’s what Natasha , Danny , and your humble servant got into this week: The huge COVID-related hit that public markets took this week , with […]