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Candex lands $45M infusion to grow its procurement management business

TechCrunch

Candex, a startup that aims to simplify procurement — specifically vendor management and payment processes — for businesses, today announced that it raised $45 million in a Series B investment led by Goldman Sachs with participation from WiL (World Innovation Lab), Altos, NFX, Craft, JP Morgan, American Express and Edenred.

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Truecaller drops 32% on lower revenue

TechCrunch

JP Morgan […] © 2023 TechCrunch. Shares of Truecaller dropped as low as 35%, $35.95 to $24.47, before recovering slightly Friday after the Switzerland-headquartered firm, known for its eponymous caller ID app, reported lower than estimated revenue. Truecaller, listed in Stockholm, reported a revenue of SEK 399 million ($35.88

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AI poised to replace entry-level positions at large financial institutions

CIO

Representatives from Goldman Sachs, JP Morgan Chase, and Morgan Stanley did not immediately respond to requests for comment on their companies’ plans to implement AI or its potential to change their hiring strategies.

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Atos calls for help after plan to raise new capital falters

CIO

The two banks that offered to underwrite the €720 million rights issue of new shares, BNP Paribas and JP Morgan, won’t now given the changes in the market environment, Atos said. “There’s no certainty these negotiations will result in an agreement,” Atos said Monday.

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The era of ultra-rich software valuations could be behind us

TechCrunch

An analyst note from JP Morgan has thrown a wrench into the valuations market for technology shares. In response to what CNBC described as a “wave of downgrades” from JP Morgan, investors pulled the rug on a few notable tech companies. The Exchange explores startups, markets and money.

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As AI pervades biotech, what are investors looking for in 2023?

TechCrunch

bank JP Morgan chose to announce the launch of its healthcare venture capital practice , which will invest in early- to growth-stage companies in the space. .” The firm said that deal volume, dollar volume and deal size for financings of life sciences companies also continued to decline in Q3 2022 compared to Q2 2022 and 2021.

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Fintech startup ClearGlass Analytics closes $3.6M for pension funds transparency platform

TechCrunch

pension trade body); Chris Wilcox, former Global Head of JP Morgan Asset Management; and Rob O’Rahilly, Sikander Ilyas and Alex Large, also former JP Morgan employees. These include Ruston Smith, a pension trustee; Richard Butcher, chair of the PLSA (U.K. ClearGlass is targeting the £1.5

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