Perplexity AI $50 million venture, backing early-stage startups
Perplexity AI, the developer of a popular artificial intelligence search engine, is close to raising a $50 million venture fund focused on early-stage AI startups, CNBC has learned. The company will be an anchor investor in the fund, but most of the capital is coming from outside limited partners, according to a person familiar with […]
How Public Funding of Early-Stage Science Drives Medical Innovation
From ITIF: Early-stage research is crucial for driving innovation and maintaining global competitiveness, even when its commercial viability is not immediately apparent. Take, for example, the immensely successful Defense Advanced Research Projects Agency (DARPA), which pioneered early innovations for common technologies including GPS, weather satellites, and even Siri in our iPhones. Many of the everyday […]
UNLEASHED by Purina accelerator program announces 2025 cohort | Pet Food Processing
On Feb. 18, Nestlé Purina PetCare’s UNLEASHED accelerator program announced the seven startups that will participate in its Class of 2025. Among these startups is Singapore-based UMAMI Bioworks, which produces cultivated seafood products. Powered by the Purina Accelerator Lab, UNLEASHED seeks to support startups through a test and learn approach to foster business growth. The […]