🔥 Hot Takes Tuesday for 2024-09-24
This edition highlights global tech investments and developments reshaping markets beyond the US.
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The numbers and stories caught my eye were global.
Techmeme: Israel Innovation Authority: since October 7, Israeli tech companies have raised $9B, third behind Silicon Valley and NYC; tech is 16% of Israel's employment (Steven Scheer/Reuters)
By Steven Scheer / Reuters. View the full context on Techmeme.
💰 + 🇮🇱 $9B makes sense if you consider deal flow and technology are global and not exclusively about the US market as well as the long running cybersecurity track record of Israel.
Techmeme: Akur8, which uses AI to automate the generation of insurance pricing models, raised a $120M Series C led by One Peak, bringing its total raised to $180M (FinTech Global)
From FinTech Global. View the full context on Techmeme.
💰 + 🇫🇷 Speaking of outside the US markets, the rendering of actuarial insights technologies are going to be changing with these AI times and few countries offer the uniquely simplified intellectual property protections of France.
Techmeme: Phoenix-based Virtuous, which offers a CRM and a marketing platform to help nonprofits increase donations, raised $100M from Susquehanna Growth Equity (Marina Temkin/TechCrunch)
By Marina Temkin / TechCrunch. View the full context on Techmeme.
💰 + 🇺🇸 It is fascinating to see a large raise for a nonprofits enablement platform in the United States that isn’t (yet?) owned by Blackbaud.
Note: Some images via Unsplash
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