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TurinTech Secures $20M to Tackle 'Vibe Coding' with Revolutionary AI Platform
TurinTech Secures $20M to Tackle 'Vibe Coding' with Revolutionary AI Platform
UK startup TurinTech has announced a $20 million funding round to launch its Artemis platform, aimed at addressing inefficiencies in AI-generated code, referred to as 'vibe coding.' Cofounded by Dr. Leslie Kanthan, the platform enhances code performance, security, and scalability, distinguishing itself from other GenAI tools. With evidence of adoption by major companies, TurinTech anticipates significant growth as AI-generated code transforms software development. Gartner predicts that by 2028, 75% of software engineers will utilize AI code assistants, highlighting the industry's shift towards automated coding solutions.
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Perplexity Acquires Read.cv, Enhancing AI-Powered Professional Networking
Perplexity Acquires Read.cv, Enhancing AI-Powered Professional Networking
Perplexity, an AI-powered search engine, has acquired Read.cv, a social media platform for professionals competing with LinkedIn. Following the acquisition, Read.cv will cease operations, allowing users to export their data until May 16. Perplexity aims to leverage Read.cv's design and engineering talent to improve its corporate-focused features. Founded in 2021 by a former Facebook designer, Read.cv offered tools for sharing resumes and job postings. This acquisition marks Perplexity's third, as it seeks to expand its product offerings and enhance user experiences.
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Thoras Secures $5M Seed Round to Optimize Cloud Reliability and Costs
Thoras Secures $5M Seed Round to Optimize Cloud Reliability and Costs
Thoras, co-founded by twin sisters Nilo and Jen Rahmani, has raised $5 million in a seed round led by Wellington Ventures. The company, which emerged from stealth in January 2024, focuses on enhancing cloud reliability while minimizing costs, claiming to resolve issues 70% faster and cut cloud expenses by up to 60%. With a revenue surge of 360% in the past nine months, Thoras utilizes AI to identify software disruptions and optimize cloud resources. The funding will aid in product development and engineering hires as the startup plans to expand its offerings beyond Kubernetes environments.
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Turnover Labs Transforms Waste CO2 into Valuable Chemical Building Blocks
Turnover Labs Transforms Waste CO2 into Valuable Chemical Building Blocks
Turnover Labs, founded by Marissa Beatty, is revolutionizing how petrochemical plants handle waste CO2. Instead of costly carbon capture and storage, the startup proposes converting waste CO2 into useful chemical compounds on-site. Beatty's research into electrolyzers, aimed at enhancing their durability, underpins this innovative approach. The company recently secured $1.4 million in pre-seed funding to further develop its technology. This funding will facilitate partnerships to test their electrolyzer technology against real-world gas streams, ultimately aiming to strengthen the process of CO2 conversion.
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