Deal analysis outfit Pitchbook today released a new report that underscores how fewer exits are impacting the startup investing ecosystem. Among its findings? Beyond what’s commonly known – that a lot of the fundings today are insider rounds and bridge financings aimed at keeping companies alive – cash back to the limited partners (LPs) who […]
Health insurtech startup Qantev raises €30 million to outperform LLMs with small AI models
Health and life insurance providers face a rising volume of claims due to chronic disease and aging populations, but their processes lack scalability. AI automation can help, but it takes more tailoring than for other insurance types. Automating property and casualty insurance, for instance, gave rise to public company Guidewire decades ago, but health insurance […]
Did that startup founder really work through his wedding?
Thoughtly co-founder Casey Mackrell had a big week. First, he got married. Then, he went viral. At his wedding reception, Mackrell needed to quickly give a colleague access to code that could only be unblocked from his laptop. His fellow co-founder Torrey Leonard seized the moment by taking a photo to capture Mackrell wrapping up […]
AI mortgage startup LoanSnap loses license to operate in Connecticut
LoanSnap, an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to the state’s Banking Commissioner. This occurred after LoanSnap violated a consent order it had entered into with the Department of Banking in May. The department revealed Tuesday that its consumer credit division opened an investigation that found multiple violations […]
Revyze, a ‘TikTok for education’ startup, draws on Duolingo to add bite-sized learning too
Middle and high schoolers are both the easiest and most difficult audience. If you’re developing a neat little video game, chances are they’re willing to download it right away. But if, like the team behind Revyze, you’re working on a learning app, good luck pitching them. And yet, the French startup has defied the odds […]