Picsart, a photo-editing startup backed by SoftBank, announced on Thursday that it’s partnering with Getty Images to develop a custom model to bring AI imagery to its 150 million users.
The company says the model will bring responsible AI imagery to creators, marketers and small businesses that use its platform.
Image Credits: Picsart x Getty Images AI ImagePicsart’s AI lab, PAIR, is building the model.
The company is also integrating Getty Images video content into Picsart’s platform and making it available to Plus members.
Picsart isn’t the first startup that Getty Images has partnered with for responsible AI imagery, as it also partnered with AI image generator, Bria, and Runway, a startup building generative AI for content creators.
Byju’s had launched its first rights issue in late January, but a court order directed the company to not tap the funds it had raised through that rights issue after many of its investors opposed the fundraise.
Thursday’s court order is the latest episode in the spectacular collapse of Byju’s, once the world’s most valuable edtech startup.
TechCrunch couldn’t determine exactly how much Byju’s ended up raising in the first rights issue.
In the letter, he urged his estranged investors to give him another chance and participate in the rights issue.
“But my benchmark of success is the participation of all shareholders in the rights issue.
Wastewater from these plants emerges laden with sodium sulfate, a byproduct of sulfuric acid and caustic soda, two chemicals used in battery manufacturing, copper refining and other industries.
“We can totally create a circular economy around these reagent chemicals,” Bilen Akuzum, co-founder and CTO of Aepnus Technology, told TechCrunch.
The two founded Aepnus to modernize the century-old chloralkali process, which splits salts like sodium sulfate back into the acids and bases that created them.
“We don’t use any expensive catalysts in our electrolyzers,” Akuzum said.
For customers, fully recycling sodium sulfate waste should reduce disposal and material costs.
“We’ve got an increased threat from foreign adversaries who have shown capabilities to jam, to destroy, to spoof the signals of GPS, which is scary,” Shaun Moore, CEO and co-founder of Tern AI, a startup that wants to provide an alternative to GPS, told TechCrunch.
The current system works by having GPS receivers in cars or phones pick up signals from satellites orbiting the earth.
The GPS receivers then use the time it took for each signal to travel to calculate the distance to each satellite.
“GPS technology has not meaningfully changed in 50 years, and what we’re seeing put forth as solutions to resolve or mitigate risk are just marginal improvements.
“When we first met Tern AI, what stood out the most was how differentiated and scalable their approach was to solving a critical problem in national security,” said Stephen DiBartolomeo, principal at Scout Ventures.
Layoffs are tough.
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A big shoutout to the early-stage founders who missed the application window for the Startup Battlefield 200 (SB 200) at TechCrunch Disrupt.
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Co-founders Elle Smyth and Sarah Hamer came up with the idea while working together at supply chain unicorn startup, Stord.
“We met each other and bonded over our love for the supply chain industry,” Smyth told TechCrunch.
Warehouse workers have to reference “phone book-sized” manuals of how to ship items to retailers, like Target and Walmart.
If shipping/warehouse workers don’t pack these items correctly, retailers will charge the brands fees, known as a chargeback.
RetailReady replaces those manuals with a digital version that gives workers a directed workflow on how to pack an order correctly.
Gorilla, a Belgian company that serves the energy sector with real-time data and analytics for pricing and forecasting, has raised €23 million ($25 million) in a Series B round led by U.S. venture capital firm Headline.
Founded in 2018, Antwerp-based Gorilla works with energy providers across Europe, the U.S. and Australia, including British Gas’ parent Centrica, Shell Energy, and Atlanta, Georgia-based Gas South.
Throw into the mix geopolitical factors such as the Russia-Ukraine conflict, ever-evolving regulations, increasingly distributed energy sources across fossil and renewables, and the increasing use of connected technology, and we now have fertile ground for data-focused energy startups to flourish.
“No one knows what the energy sector will look like 10 years from now,” Gorilla’s co-founder and CEO, Ruben Van den Bossche, said in a statement.
Other participants in the round include the startup’s existing investors Beringea and Belgian private equity firm, PMV.
That’s according to Jonathan Sanders, CEO and co-founder of fledgling Danish startup Light, which exits stealth Wednesday with $13 million in a seed round of funding led by European VC giant Atomico.
The Copenhagen-based startup is reimagining general ledger software from the ground up, replete with AI to cleanse transactional data, while also enabling finance teams to ask plain-English questions and receive straightforward answers from their data.
Enterprise resource planning (ERP) software is king, packing support for CRM (customer relationship management), HR (human resources), project management, and perhaps the most crucial component of all, the general ledger.
And it’s this element of the ERP that Light is focused on dragging into the modern digital era, where AI increasingly rules the roost.
“Our mission is to be the first automated ledger for global companies,” Sanders told TechCrunch.
Tech sovereignty has become a looming priority for a number of nations these days, and now a startup working in semiconductors has received a major boost in aid of that effort for Germany and Europe.
The sum is one of the largest to date raised by a European startup working in semiconductors.
Black is a spin-out from the University of Aachen co-founded by brothers Daniel and Sebastian Schall (respectively the CEO and CFO).
The funding, a Series A, is important not just for its size but also because of the intention behind it.
Porsche Ventures and Project A Ventures are co-leads, with participation from Scania Growth, Capnamic, Tech Vision Fonds, and NRW.BANK.
