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TechCrunch+ roundup: New VC rules, AI biotech investor survey, Instagram ad case study

TechCrunch

6 investors discuss why AI is more than just a buzzword in biotech. In her latest investor survey, Anna Heim spoke to six biotech investors about where AI creates value, short-term market shifts, and how they’d like to be approached by founders: Robert Mittendorff, M.D, general partner and head of healthcare, B Capital.

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The Shrinking Series E: More Senior Startups Raise Smaller Follow-On Rounds

Crunchbase News

Another bump usually occurs should the company secure a Series E. Instead, as companies that last raised in a bubblier investment climate a few years ago secure fresh capital, they’re often reporting rounds that are smaller than prior ones. Another security provider, Dtex Systems , also notched a gain of almost that magnitude.

Biotech 90
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The ‘Great Retraining’: IT upskills for the future

CIO

According to the 2023 State of the CIO , IT leaders are looking to shore up competencies in key areas such as cybersecurity (39%), application development (30%), data science/analytics (30%), and AI/machine learning (26%).

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8 investors and founders highlight Valencia’s potential as a fintech and cybersecurity hub

TechCrunch

The city appears to be strong in areas such as travel, AI, cybersecurity, fintech, agritech, travel tech, biotech, sports tech, and VR. We surveyed: Luz Adell , CFO/partner, Draper B1. GoHub for B2B in AI, 5G, cybersecurity and sustainability. There are a lot of people with capabilities in AI and cybersecurity.

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8 founders, leaders highlight fintech and deep tech as Bristol’s top sectors

TechCrunch

To get a better idea of the state of the tech ecosystem and the investor outlook for this city, we surveyed founders, leaders and executives involved in nurturing Bristol’s startup ecosystem. The survey revealed that the city has a robust renewable, zero-carbon and fintech startup landscape. Rosa Biotech, Albotherm and CytoSeek.

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Daily Crunch: Citing ‘unscrupulous actors’ and market trends, Coinbase CEO lays off 950 workers 

TechCrunch

German-based biotech company BioNTech — one of the big manufacturers of COVID-19 vaccines, among other things — is set to acquire InstaDeep , a Tunis-born and U.K.-based And we have a smattering of additional stories for you: Keeping an eye out — on the cheap : Frederic reports that Wyze launches its new $34 pan-and-tilt security camera.

Trends 219
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CIO Guy Hadari on the management skills that set IT leaders apart

CIO

“Most people consider the CIO to be a technology person, and they want to put them in a technology box, but technology should be only 20% of a CIO’s job,” says Hadari, who has been leading IT for the $15 billion biotech business since March 2021. A CIO with a half billion-dollar budget is essentially the CEO of a very complex business.”.

Biotech 261