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AI reading coach startup Ello raises $15M to bolster child literacy

TechCrunch · 1y ago

AI reading coach startup Ello raises $15M to bolster child literacy

Ello, a startup focused on eradicating childhood illiteracy using artificial intelligence and child speech recognition technology, has raised $15 million in Series A funding. The subscription-based service delivers five books every month to children from kindergarten through Grade 3, using AI to listen to the child read aloud and analyze their speech to correct mispronunciations and missed words. The platform also features gamification mechanics and plans to expand to smartphones. Ello has already gained traction with 10,000 families using the service and aims to partner with schools and develop classroom-specific products in the future.

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Microsoft makes its AI-powered reading tutor free

Medial

Medial · 1y ago

Microsoft makes its AI-powered reading tutor free

Microsoft has announced that its AI-powered reading tutor, Reading Coach, is now available for free to users with a Microsoft account. The tool aims to provide personalized reading practice to learners and will integrate with learning management systems in the future. Reading Coach allows learners to identify difficult words and offers tools like text-to-speech and picture dictionaries for individualized practice. Educators can track students' progress and share feedback. However, some experts suggest that measuring comprehension with AI tools may not be foolproof.

Why Shaquille O'Neal led edtech startup Edsoma's $2.5M seed round

TechCrunch · 1y ago

Why Shaquille O'Neal led edtech startup Edsoma's $2.5M seed round

Edsoma, an AI-powered reading and education platform for children, raised $2.5 million in a seed round led by Shaquille O'Neal, marking his first edtech investment. The startup, founded by Kyle Wallgren, aims to help children improve their reading and communication skills through its app. Edsoma currently has over 9,000 users and is planning to scale, raise a Series A round, and expand into other languages like Spanish. Wallgren envisions Edsoma becoming the top literacy resource in the US.

AZmed Raises €15M in Funding

Finsmes · 1y ago

AZmed Raises €15M in Funding

Paris-based MedTech startup AZmed has secured €15m ($17.5m) in a funding round featuring Maison Worms, Techstars, and Teampact Ventures. AZmed offers AI-powered radiology software that aids trauma and chest X-ray diagnostics for doctors, enabling them to save time and focus on critical exams. The funding will support the company's expansion in medical imaging with AI, enhance its market presence in Europe, and expand operations globally, including in the US, the Middle East, Africa, and Asia. Currently, over 9,000 doctors in 40 countries use AZmed's solutions daily.

Google is bringing Gemini access to teens using their school accounts

TechCrunch · 1y ago

Google is bringing Gemini access to teens using their school accounts

Google is extending its AI technology, Gemini, to teen students. Previously available only to those using personal accounts, Google will now offer Gemini to students who use their school accounts. The platform aims to help prepare teens for a future where generative AI is prominent. Gemini provides real-time feedback to help students learn more confidently. Google assures that it will not use data from student chats to improve its AI models. It has also implemented measures to prevent inappropriate responses and is promoting information literacy and critical thinking skills. Additionally, Google is launching global access to its Read Along in Classroom feature, which supports reading skills.

Healthtech startup FlexifyMe raises $1M led by Flipkart Ventures, others

IndianStartupNews

IndianStartupNews · 1y ago

Healthtech startup FlexifyMe raises $1M led by Flipkart Ventures, others

Pune-based healthtech startup, FlexifyMe, has raised $1 million in a seed funding round led by Flipkart Ventures. The funds will be used to enhance their AI motion coach, expand their platform's reach in the MENA and North American regions, and make it available in local languages. FlexifyMe utilizes AI, ML, and data analytics to offer personalized chronic pain management solutions, aiming to transform traditional physiotherapy approaches. The investment is part of Flipkart's Leap Ahead program, which supports and accelerates startups in India. The Indian healthtech market is expected to reach $25 billion by 2025.

Healthify joins forces with Swiggy to offer tailored meals for users

Inc42 · 1y ago

Healthify joins forces with Swiggy to offer tailored meals for users

Healthtech startup Healthify has partnered with foodtech giant Swiggy to offer diet-aligned meals recommended by its AI coach Ria. The feature will be available for Healthify Smart subscribers starting December 15. In addition, Healthify announced the launch of an AI-powered health platform called Coach Co-Pilot, which helps users analyze and address their dietary, fitness, stress, and sleep patterns. The company plans to focus on its B2B vertical, doubling down on corporate wellness programs and apps to expand its presence in the enterprise sector. Healthify aims for double-digit revenue growth in FY24.

Generative AI startup AI21 Labs raises $155M at a $1.4B valuation

TechCrunch · 1y ago

Generative AI startup AI21 Labs raises $155M at a $1.4B valuation

AI21 Labs, an Israeli startup, has raised $155 million in a Series C funding round led by Walden Catalyst, bringing its total funding to $283 million. The company's flagship product is AI21 Studio, a developer platform for building custom text-based business apps using its proprietary text-generating AI models. The company also offers Wordtune, a multilingual reading and writing AI assistant. AI21 Labs competes with companies like Google, AWS, Microsoft, and OpenAI in the generative AI space. The new funding will be used for R&D and expanding the company's workforce.

AI-powered clinical trial design startup QuantHealth raises $15M led by Bertelsmann Investments, Pitango, others

TechCrunch · 1y ago

AI-powered clinical trial design startup QuantHealth raises $15M led by Bertelsmann Investments, Pitango, others

QuantHealth, a Tel Aviv-based startup, secured $15M in a Series A funding round for its AI-powered platform aimed at improving drug development. The platform utilizes extensive integrated datasets to predict clinical trial outcomes with 86% accuracy, helping to optimize trial designs and identify patient responses to treatments. The funding will aid in expanding the platform's capabilities, supporting clinical development, and growing the team. The startup's approach aims to address the declining success rates and inefficiencies in clinical trials.

Exostellar raises $15M to help companies optimize their cloud spend

TechCrunch · 1y ago

Exostellar raises $15M to help companies optimize their cloud spend

Ithaca-based startup Exostellar has raised $15 million in a Series A funding round led by Celesta and Cambium Capital, valuing the company at $40 million. Exostellar's software optimizes cloud computing costs by dynamically allocating and moving workloads between the cheapest cloud infrastructure. It watches factors like spot instance pricing to predict when instances might be shut down and shifts workloads accordingly. The company plans to expand its platform to other cloud providers like Azure and Google Cloud and introduce support for GPU instances.

SaaS startup Bridgetown Research raises $19 million in funding round led by Lightspeed and Accel

Economic Times

Economic Times · 5m ago

SaaS startup Bridgetown Research raises $19 million in funding round led by Lightspeed and Accel

Bridgetown Research, a SaaS startup, secured $19 million in funding led by Lightspeed and Accel. The funds will enhance AI training for varied analyses, bolster R&D, and expand partnerships. Bridgetown aims to fill a market gap between expensive consulting firms and affordable report generators. Founded in 2024, the Seattle-based company employs AI agents to offer strategic business insights, primarily serving consulting, private equity, and corporate teams. Most revenue stems from the US and UK markets.

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