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| Hey Insiders, Here are the latest stories: - Hatch launches online marketplace for no-code website development
- Y Combinator's latest cohort had 10 cybersecurity startups
- Automata raises $40M
If you find this newsletter useful, please share it with your friends and colleagues. Thank you. Karan
p/karan-chafekar | |
| 1 | | Hatch, a startup launched by software developers and entrepreneurs Darrin Massena and Mike Harrington, officially launched its online marketplace. The marketplace provides no-code website-building templates and tools. More: - Massena and Harrington previously co-founded the online photo editing tool Picnik, which Google acquired in 2020.
- Harrington said, "In terms of no-code website builders, a lot of them are more template-y, and they're kind of stuck in the grid. You can get pretty far pretty fast if you are happy with a certain look. The thing that we do is we get you out of the grid. It's incredibly freeform."
- The platform leverages an AI coder to build out animations and interactions.
- Hatch has a free and paid tier with monthly prices for a Hatch Pro account starting at $9.
- The company is bootstrapped and has 14 employees based in downtown Seattle.
Q: What challenges have you seen in bootstrapping a startup, and how did you overcome them? Join the conversation here. |     | |
| 2 | | The latest cohort of Y Combinator's accelerator program featured 10 cybersecurity, privacy, and trust startups, per an analysis done by Strategy of Security. 
What the numbers say: While Y Combinator has reduced the overall batch sizes of its cohorts by 40% since Summer 2022, the number of cybersecurity startups in the cohort has remained relatively consistent. Representation of cybersecurity, privacy, and trust startups peaked at 19 in the Winter cohort of 2022. Relevance: Y Combinator typically offers $500,000 per company, meaning they invested $5.5M of the $100M total in cybersecurity startups. The startups participating in the accelerator were Accend, Affinity, Corgea, Greenlite, Kobalt Labs, Remy Security, SafetyKit, Sero AI, Trench, and Xeol. Why it matters: Considering the two cohorts, Y Combinator makes nearly 20 investments in cybersecurity startups on average, double the 10 average number of investments made by the most active VC firms in the sector. Despite Y Combinator's backing, only two of the 10 startups in the current cohort could raise outside funding. | | | |
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| 3 | | Automata, a London-based startup working on lab automation, raised $40M. The company, which began automating manual tasks using a robotic arm, pivoted to the automation of lab-based testing with a focus on genomics and cell biology. More: - Automata develops LINQ, a cloud-based software that enables users to integrate different instruments, schedule, and run workflows.
- The software works with the robotic LINQ bench, physically transporting labware across the benchtop.
- Automata's customers include NHS Trusts, pharmaceutical AstraZeneca, and the Francis Crick Institute.
- The round was led by Dimension with participation from Octopus Ventures, Isomer Capital, Hummingbird, and A.P. Moller Holdings, among others.
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| 4 | | Content moderation startup Unitary announced a $15M Series A led by Creandum. The startup focuses on parsing data using multimodal models, as opposed to other companies' approach of parsing data from text, audio, or images separately. More: - Unitary says the number of videos classified reached 6 million per day.
- The company plans to use the funds to expand to languages other than English.
- "In an online world, there's an immense need for a technology-driven approach to identify harmful content," said Christopher Steed, chief investment officer at Paladin Capital Group, which also participated in the round.
- The company claims "seven figures" in annualized recurring revenue.
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| 5 | | Samsung's chip manufacturing department partnered with Canadian startup Tenstorrent to bring "the next generation of AI chiplets to market." Tenstorrent's CEO, Jim Keller, said the partnership's goal was to deliver high-performance compute power to global customers. More: - The partnership comes just a month after Tenstorrent raised a $100M funding round led by Samsung and Hyundai in August.
- At the time of the fundraising, the Canadian startup said it would use the proceeds to accelerate product development and design, and created a roadmap for machine learning software.
- According to the announcement, the Tenstorrent will develop the chip based on Samsung's SF4X advanced manufacturing processes and 4nm architecture.
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| 6 | | Granular Energy, a Pairs-based startup, announced a €7.5M ($7.8M) round led by Norrsken VC. The company works on providing utilities with software that automates clean energy certificate management and allocation. More: - Granular Energy aims to provide transparency in the origins of the clean energy being distributed, including carbon emissions information.
- The startup claims 25 utilities use its software across nine countries.
- Other participants in the round include All Iron Ventures, Box Group, and Valo Ventures, in addition to recurring investors Powerhouse Ventures, Revent, and Seedcamp.
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| 7 | | 
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| 8 | | Quick Hits: - It's been 150 years since the last great leap in engine technology. Invest in LiquidPiston to be part of the next one.*
- British fintech firm Wagestream acquired credit card and credit building service Keebo for an undisclosed sum.
- South African end-to-end payments solution fintech Stitch extended its Series A round with $25M in additional capital, bringing the total raised under the round to $46M. The new funding round was led by Ribbit Capital, with additional support from CRE Ventures, PayPal Ventures, and the Raba Partnership.
- Lusaris Therapeutics shut down operations after phase 1 of its lead program failed to provide satisfactory results. The biotech startup launched with $60M funding Series A funding 10 months ago.
- CrowdStrike launched AWS & CrowdStrike Cybersecurity Startup Accelerator to support EMEA-based startups.
- Even the best engineers can run into challenges. Straight from the cloud experts at DoiT, here are 5 core strategies for cloud innovation.*
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Term of the Day Large language models: Large language models (LLMs) are a statistical method that helps predict the following outcome in a given sequence of input. Question of the Week Do you share details about your salary with your coworkers? Join the conversation |
INSIDE STARTUPS LEADERBOARD (7 DAYS) |
 | Analyst | | Karan Chafekar is a Management Consultant, Business enthusiast, and Licensed Pilot.
Nicolas is a Sr. Analyst at Inside, covering startups and transportation trends. He is an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped start-ups. | | This newsletter was edited by Vibha Chapparike | |
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