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Meet MistraAI, OpenAI Competitor
Plus: Turbulence in the DNA Testing Industry
KillerStartups
June 19, 2023
The KillerStartups weekly newsletter is off to the races! Welcome and thanks for the support as we grow this massive startup community.
As always, please support the newest Featured Startups as many are looking for feedback and just starting out!
Our team packed a lot into this newsletter, so let’s get into it!
The Lineup:
30-Second News Picks
Tweet of the Week
Meme of the Week
Weekly Poll
Featured Startups
Tips, Insights, and Guides from Editorial Team
Notes from The Staff
Other Newsletter Recommendations!
News Picks of the Week 🤓 🚀
Pick #1
Our 30-Second Summary:
Yellow, an asset financier for solar energy and digital devices in Africa, has raised $14 million in a series B funding round led by Convergence Partners, along with participation from the Energy Entrepreneurs Growth Fund and Platform Investment Partners.
Founded in 2018, Yellow initially focused on providing solar energy solutions in Malawi and has since expanded its operations across Africa. The company plans to deepen its market reach, introduce digital and financial products, and pursue additional debt funding to fuel its growth. With a network of 1,100 agents and a profitable business model,
Yellow aims to bring affordable solar systems and smartphones to more customers while promoting financial inclusion and green energy distribution in Africa's underserved communities.
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Pick #2
Our 30-Second Summary:
The Federal Trade Commission (FTC) has filed a complaint against genetic testing company 1Health.io, accusing them of failing to protect the privacy of their clients. It marks the first formal privacy complaint against a company in this industry.
The FTC alleges that 1Health.io misled customers by falsely claiming to delete their data, made changes to their privacy policy without informing clients, and stored sensitive genetic and health data in publicly accessible "buckets" on Amazon Web Service's cloud storage. While there is no evidence of third-party access to the data, nearly 2,400 health reports and raw genetic data of at least 227 consumers were deemed at risk.
The proposed settlement requires 1Health.io to enhance genetic information protections and instruct third-party contract labs to destroy consumer DNA samples older than 180 days. Privacy concerns surrounding DNA testing companies have been a significant issue for Americans, as highlighted by a YouGov poll where more than half of the respondents expressed concerns about privacy in relation to private DNA testing companies.
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Pick #3
Our 30-Second Summary:
Mistral AI, a startup based in Paris, France, has raised $113 million in funding at a valuation of $260 million. The round was led by Lightspeed Venture Partners, with participation from several investors across Europe, including Xavier Niel, JCDecaux Holding, and Eric Schmidt.
Mistral AI, founded by alumni from Google's DeepMind and Meta, aims to compete with OpenAI by developing open-source language models and generative AI solutions specifically tailored for enterprise applications. The company plans to release its first text-based generative AI models in 2024.
The founders, who have known each other since studying artificial intelligence in school, include Guillaume Lample, former leader of the LLM team at Meta, and CEO Arthur Mensch.
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Pick #4
Our 30-Second Summary:
Cargill, the largest privately held company in the U.S., has quietly established itself as a major player in the plant-based meat industry. While traditional meat companies jumped on the plant-based bandwagon a decade ago, Cargill strategically entered the market later and is now positioning itself for success.
The company offers a range of plant-based products and ingredients, as well as cultivated meat made from animal cells. By partnering with food-tech startups and leveraging its expertise in food production and ingredients, Cargill aims to develop tastier and more affordable plant-based options.
Despite challenges such as consumer preferences and pricing, Cargill's size and long-term investment approach give it a competitive advantage. The company aims to be a diversified protein supplier to meet the increasing global demand for protein over the next few decades.
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Tweet of the Week
8 No-Code tools for startups:
1. Canva — Graphics
2. Notion — Organize
3. Webflow — Website
4. Beehiiv — Newsletter
5. Senja — Testimonials
6. CopyAI — Copywriting
7. ChatGPT — Knowledge
8. Tweetlify — Tweet schedulingThe future has arrived.
— Tulsi Soni (@shedntcare_)
Jun 16, 2023
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Meme of the Week
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Weekly Poll Question ❓
Are you a fan of plant based foods? |
Featured Startups 📈
KillerStartups Mission: is to help entrepreneurs achieve the next big thing. Our role is to connect you with founders that you can help, and founders that can help you!
When we featured Uber back in 2010, Founder Travis Kalanick might have still been your driver.
Uber went on to raise their first $1.6MM 3 months after we featured them. $4.9B later, we are still proud to have discovered them.
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Our question to you is: How can YOU help these companies?
Curated Content from KillerStartups 🤝
Interesting in advertising to a large audience of startup founders and entrepreneurs? 🚀
Contact [email protected] for more details!
Notes From KillerStartups Staff 👀
Our team is proud to see KillerStartups growing into a large startup community. We plan to bring new resources, groups, and more as we continue to grow into our mission. Thank you all for your continued support.
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