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Entrepreneur Dean Drako raised $100M for video surveillance startup Eagle Eye and $92M for smart lock startup Brivo from Japanese security giant SECOM (Ingrid Lunden/TechCrunch) 17-05-2023

Ingrid Lunden / TechCrunch: Entrepreneur Dean Drako raised $100M for video surveillance startup Eagle Eye and $92M for smart lock startup Brivo from Japanese security giant SECOM  —  Eagle Eye Networks and Brivo, two players in the world of physical cloud security — respectively video surveillance and access control systems … Lees verder op Tech Meme

Zürich-based ANYbotics, which develops autonomous legged robots for industrial inspection, raised a $50M Series B led by Walden Catalyst and NGP Capital (Brian Heater/TechCrunch) 17-05-2023

Brian Heater / TechCrunch: Zürich-based ANYbotics, which develops autonomous legged robots for industrial inspection, raised a $50M Series B led by Walden Catalyst and NGP Capital  —  ANYbotics this week announced a $50 million Series B. The round, led by Walden Catalyst and NGP Capital, comes as the firm is pushing … Lees verder op Tech Meme

Tencent reports Q1 revenue up 11% YoY to ~$21.4B, above estimates and the fastest growth in over a year, and net income up 10% YoY to ~$3.6B, below estimates (Zheping Huang/Bloomberg) 17-05-2023

Zheping Huang / Bloomberg: Tencent reports Q1 revenue up 11% YoY to ~$21.4B, above estimates and the fastest growth in over a year, and net income up 10% YoY to ~$3.6B, below estimates  —  Tencent Holdings Ltd.’s earnings missed estimates despite the fastest pace of revenue growth in more than a year … Lees verder op Tech Meme

Sources: Shein raised $2B at a $66B valuation, down from ~$100B in 2022, co-led by Sequoia, General Atlantic, and Mubadala; Shein generated $23B in 2022 revenue (Jing Yang/Wall Street Journal) 17-05-2023

Jing Yang / Wall Street Journal: Sources: Shein raised $2B at a $66B valuation, down from ~$100B in 2022, co-led by Sequoia, General Atlantic, and Mubadala; Shein generated $23B in 2022 revenue  —  Online retailer made $800 million net profit in 2022 and is targeting 40% growth, but faces geopolitical headwinds and rising competition Lees verder op Tech Meme

Internal document: Google trained PaLM 2 on 3.6T tokens and 340B parameters, compared to 780B tokens and 540B parameters for the original PaLM in 2022 (Jennifer Elias/CNBC) 17-05-2023

Jennifer Elias / CNBC: Internal document: Google trained PaLM 2 on 3.6T tokens and 340B parameters, compared to 780B tokens and 540B parameters for the original PaLM in 2022  —  – Google’s PaLM 2 large language model is using nearly five times the amount of text data for training as its predecessor LLM, CNBC has learned. Lees verder op Tech Meme

Zürich-based ANYbotics, which develops autonomous legged robots for industrial inspection, raised a $50M Series B led by Walden Catalyst and NGP Capital (Brian Heater/TechCrunch) 17-05-2023

Brian Heater / TechCrunch: Zürich-based ANYbotics, which develops autonomous legged robots for industrial inspection, raised a $50M Series B led by Walden Catalyst and NGP Capital  —  ANYbotics this week announced a $50 million Series B. The round, led by Walden Catalyst and NGP Capital, comes as the firm is pushing … Lees verder op Tech Meme