Toronto-based AutoAlign has spun off from its parent company Armilla AI and has launched a firewall solution aimed at making large language models safer.
This week, we’re looking at just how many fintech companies made it into Y Combinator’s Winter 2024 cohort, how much funding slid in the first quarter, and more! Y Combinator held demo days for its Winter Cohort this week. Of the 260 companies in the latest cohort, nearly 30 of them, or 8%, were classified as fintech.
The Y Combinator Winter 2024 cohort has 86 AI startups, according to YC's official startup directory nearly double the number from the Winter 2023 batch and close to triple the number from Winter 2021. As we did last year, we went through the newest Y Combinator cohort the cohort presenting during this week's Demo Day and picked out some of the more interesting AI startups. August Chen (ex-Palantir) and Elton Lossner (ex-Boston Consulting Group) assert that the government contracting process is hopelessly broken.
(Bloomberg) Nanonets, which uses artificial intelligence to help businesses square accounts and manage budgets, raised $29 million in an early round led by Accel India.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackChina Has Never Canceled This Many Shipments of US WheatTech CEOs Are Addicted to Taking Needless RisksChinese Stocks Gain 20% From Lows, Fueling Market Bottom CallsY Combinator, Elevation Capital and others took part in the Series B round, wh