AI startup Gendo — the Midjourney for architecture — secures fresh capital

Nov15
by on November 15, 2024 at 12:35 pm
Posted In: artificial intelligence, Insider


London-based startup Gendo has secured €5.1mn amid booming demand for its generative AI software built for architects.  British architectural designer George Proud and software engineer Will Jones founded Gendo in 2022. The platform transforms simple inputs like sketches, 2D drawings, or text descriptions into hypereal building designs.  It works a bit like Midjourney or DALL-E, except it’s built by architects for architects. The tool allows you to precisely edit specific details of your design, such as colours, lighting, structural elements, or furniture. The model produces more life-like results than more general AI algorithms.    What’s more, Gendo claims it can…

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Founderful raises $140M fund as Switzerland vies for Europe’s tech top spot

Nov14
by on November 14, 2024 at 10:50 pm
Posted In: artificial intelligence


Zurich-based venture capital firm Founderful has raised $140mn in its second fund — $20mn more than its target and a strong sign of investor confidence in Switzerland’s flourishing tech ecosystem.   First announced back in February, the fund has already invested in 15 early-stage startups. These include Chiral Nano, which develops nanomaterials for silicon chips, and 8inks, which is rejigging the lithium-ion battery. Founderful — formerly Wingman Ventures — was launched in 2019 by Pascal Mathis, the co-founder of local travel marketplace unicorn GetYourGuide, Eat.ch co-founder Lukas Weder and Alex Stöckl, former exec at Creathor Ventures. The founder-led VC exclusively backs…

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US firm Realwear acquires Swiss startup Almer amid XR market consolidation

Nov14
by on November 14, 2024 at 3:52 pm
Posted In: augmented reality


American wearables firm Realwear has acquired Swiss augmented reality (AR) startup Almer Technologies.  Almer’s AR headset — the Arc-2 — overlays digital information onto the wearer’s field of view, allowing them to access real-time data, instructions, or assistance from an engineer seated anywhere in the world. The glasses are targeted specifically at industrial companies looking to help their staff maintain and repair equipment and machinery remotely. “Almer’s innovative approach for frontline workers has enabled us to deliver industrial AR solutions that are intuitive and effortless to use,” said Sebastian Beetschen, Almer’s co-founder and CEO. Beetschen founded Almer alongside Timon Binder…

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DeepL takes on ‘next frontier’ in AI translation with DeepL Voice

Nov14
by on November 14, 2024 at 12:05 pm
Posted In: artificial intelligence, Insider


German tech darling DeepL has (finally) launched a voice-to-text service. It’s called DeepL Voice, and it turns audio from live or video conversations into translated text.  DeepL users can now listen to people speaking a language they don’t understand and automatically translate it to one they do — in real-time. The new feature currently supports English, German, Japanese, Korean, Swedish, Dutch, French, Turkish, Polish, Portuguese, Russian, Spanish, and Italian.  What makes the launch of DeepL Voice exciting is that it runs on the same neural networks as the company’s text-to-text offering, which it claims is the “world’s best” AI translator.   As someone…

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Dutch startup Sympower secures €21M to balance out the energy grid

Nov13
by on November 13, 2024 at 6:45 am
Posted In: Insider


Amsterdam-based startup Sympower has secured €21mn as it looks to scale its grid-balancing technology. Sympower partners with businesses that use a large amount of electricity. It gains access to some of their energy assets and can turn them on and off when the grid requires balancing — a process called demand response. Sympower’s software platform uses AI to analyse data and optimise when and how much power businesses can sell at any given time, making energy use adjustments more effective and profitable for all parties.  Grid operators pay Sympower to stabilise the energy supply. The company passes most of that…

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