Greptile, an early stage startup from a group of recent Georgia Tech grads, decided to take a different approach: using AI to help developers understand the code base.
Greptile CEO and co-founder Daksh Gupta says the Greptile bot is like having a highly experienced coworker who has a deep understanding of your code.
“So we’re building AI tools that understand large code bases at companies because as time goes on, and multiple programmers work on the codebase, it tends to get very difficult to understand,” Gupta told TechCrunch.
Once the repositories have been indexed by the system, you add a natural language query such as, how does the authentication work in this code base,” he said.
The startup launched last July after the founders came up with the idea for the company at a hackathon.
Midas, a fintech startup that allows people in Turkey to invest in U.S. and Turkish equities, says it has raised $45 million in a funding round led by Portage Ventures of Canada.
The startup is aimed at Turkey’s retail investor market and claims to have more than 2 million users.
That’s in a country of 80 million,” Egem Eraslan, CEO and founder of Midas, told TechCrunch.
The company has plans to expand beyond Turkey, and aims to target countries in the MENA region.
Globally, Portage invests in transformational financial technology and Midas is poised to lead that initiative in a region of early adopters.”
That means there’s a market for a layer between companies and Large Language Models (LLMs) — something companies can use to pick LLMs easily without needing to commit for all time to one platform.
That’s the market Langdock is targeting with its chat interface that sits between LLMs and a company.
“Companies don’t want to have a vendor lock-in on just one of those LLM providers,” Lennard Schmidt, co-founder and CEO of Langdock, told TechCrunch.
In addition to the chat interface, the company also offers security, cloud and on-premises solutions.
In contrast, Langdock’s chat interface works for a broader range of use cases and can be used by any kind of staff.
Clay Canning had an idea while in high school: smartphone screen protectors that featured logos, right on the screen.
“In December 2022, I resigned from my job to pursue building Screen Skinz with Clay full time.”Now, Screen Skinz can officially announce the closing of a $1.5 million seed round led by South Loop Ventures and Abo Ventures.
The company produces custom, patent-pending phone screen protectors that feature personalized logos or slogans that are visible when the phone screen is black and then disappear when the phone is in use.
The latest fundraise allowed Screen Skinz to move manufacturing from Asia to the U.S., allowing it to more easily control its supply chain.
Screen Skinz next has some partnerships lined up and is focused on customer acquisition and deepening licensing relationships.
Spend management startup Ramp has raised another $150 million at a post-money valuation of $7.65 billion, the company confirmed to TechCrunch today.
New investor Khosla Ventures and existing backer Founders Fund co-led the raise, which also included participation from new backers Sequoia Capital, Greylock and 8VC.
Other existing investors Thrive Capital, General Catalyst, Sands Capital, D1 Capital, Lux Capital, Iconiq Capital, Definition Capital, Contrary Capital also put money into the latest round.
Apparently, there were no hard feelings on the part of Founders Fund, which still participated in the financing, even without Rabois.
(It’s worth noting that Rabois originally represented Founders Fund and has sat on Ramp’s board since 2019.)
It’s against this backdrop that Evolution Equity Partners, a growth capital investment firm based in NYC, on Tuesday launched a $1.1 billion cybersecurity and AI fund, the third such fund in Evolution’s history.
The fund, called Evolution Technology Fund III, was oversubscribed, with participation from existing and new endowments, sovereign investors, insurance companies, foundations, fund of funds, family offices and angels.
“The Evolution Technology Fund III has already backed fifteen leading cybersecurity companies, initiating its investment period over 12 months ago,” Seewald said.
“We believe that provides private markets investors with diversified exposure to cybersecurity opportunities.”ESG will be another factor, according to Seewald.
Evolution’s 30-person teams manages around $2 billion in assets and has backed 60 companies to date; its previous fund was $400 million.
When Alex Katz founded Two Chairs in 2017, he firmly believed that in-person therapy is the most effective for behavioral health.
On Tuesday, the company announced a $72 million Series C equity and debt financing led by Amplo and Fifth Down Capital, bringing Two Chairs total funding to $103 million.
Amplo also led the company’s $22.5 million Series B in August 2019.
Two Chairs is one of the latest therapy startups to raise substantial funding rounds.
Last week, Grow Therapy, a three-sided mental health platform for therapists, payers and patients, raised an $88 million Series C round led by Sequoia.
The round values the company at €100 million ($107 million), post money.
But finmid believes it has the potential to lock in more business specifically in its home region.
Unlike a bank, Wolt has access to the restaurants’ sales history, and finmid helps it leverage that data to decide who will see a pre-approved financing offer.
The working capital doesn’t come from Wolt, but from finmid’s financing partners.
For a platform like Wolt, embedding finmid is a way to make life easier for restaurants while generating additional revenue without much additional effort.
The startup charges a listing fee (subscription fee) to publish jobs on the platform and a success fee when a hire is made.
“The listing fee ensures buy-in from startups to the two-way marketplace and a commitment to the recruiters they’re working with,” Kim said.
In addition to early- and late-stage startups, Kim said the platform also works with larger in-house talent teams to fill challenging roles.
“More than 50% of our customers have great in-house talent teams, but they continue to post roles on Paraform.
“We’re already branching out into research, science, manufacturing and defense roles due to the demand we’re seeing from potential customers,” Kim said.
UK-based legaltech company Lawhive, which offers an AI-based in-house ‘lawyer’ through a software-as-a-service platform targeted at small law firms, has raised £9.5 million ($11.9M) in a seed round to expand the reach of AI-driven services for ‘main street’ law firms.
To date, most legaltech startups that are deploying AI have concentrated on the big, juicy market of ‘Big Law’ — meaning large, either country-wide or global, law firms that are keenly pushing AI into their workflows.
These include Harvey (US-based; raised $106M); Robin AI (UK-based; raised $43.4M); Spellbook (Canada-based; raised $32.4M).
Lawhive targets its platform at small law firms or solo lawyers running their own shop.
That’s a very small number of big law firms in the US in the UK.
