🔥 Hot Takes Tuesday for 2024-11-26
I highlight two exciting funding rounds for Cradle and Halcyon, plus a thought-provoking Bluesky thread.
🙏 And a big thanks to all our sponsors! 🙏
(Scroll to the end…)
Two hot takes on the two stories caught my eye on Tuesday from companies both started in the ancient times of 2021.
🧬 + 🤖 Seeing a company like Cradle take $73M Series B is amazing and the funding may assist the creation of an open-source Next-Generation Sequencing (NGS) dataset for antibody binders.
Techmeme: Cradle, which uses AI to help design proteins and says its SaaS model is popular, raised a $73M Series B led by IVP, after a $24M Series A in November 2023 (Devin Coldewey/TechCrunch)
By Devin Coldewey / TechCrunch. View the full context on Techmeme.
🦄 + 🤖 Unicorns are born of funding and the… Halcyon days 🤓of applying Capsule Networks (CNNs) via CapNet to Tactics, Techniques, and Procedures (TTPs) has led to a $100M Series C.
Techmeme: Austin-based anti-ransomware startup Halcyon raised $100M at a $1B valuation led by Evolution Equity Partners, bringing its total funding to date to $190M (Katie Roof/Bloomberg)
By Katie Roof / Bloomberg. View the full context on Techmeme.
Bonus: Great Bluesky thread from Jack Poller
@poller.bsky.social on Bluesky
Another cybersecurity startup achieves the coveted unicorn status! Training its AI engine on millions of ransomware TTPs and behavior indicators, Halcyon can detect and respond to the ever-changing ransomware attacks. 1/5
Bonus bonus: Perhaps Halcyon (AI) will be so successful that another Halcyon (Eco AI) will be needed to better manage energy consumption used to combat attacks powered by… AI?
Note: Some images via Unsplash
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