Kindred Capital VC

We're thrilled to announce our lead investment in Civic Marketplace's Seed Round alongside numerous angel investors including the fantastic Sophie Adelman 🎊 What drew us to Civic Marketplace was their unique approach to modernising government operations through technology while promoting economic inclusion. Their traction with NCTCOG and other major government entities demonstrates the urgent need for procurement innovation in the public sector, and resonated with our belief & values in marrying profit & purpose here at Kindred. A-H. Hleileh and Ron Holifield are truly the dream team and we're excited to be on this journey with them! You can learn more about Civic Marketplace and the round here: https://lnkd.in/dWneFJaJ

💥 80 million reasons to celebrate 💥 We’ve just closed an $80M Series B funding round led by DTCP, with support from Latitude Ventures, WaVe-X, Bootstrap Europe and our amazing existing investors, Atomico, Lakestar, Capnamic. This investment is set to fuel our growth by expanding AI-powered features on the DexoryView platform, growing our global team, and accelerating the deployment of our autonomous robots with customers like A.P. Moller - Maersk and DB Schenker. With $120M raised in total, we're ready to take warehouse automation to the next level. The future of logistics is here, and we’re leading the way. Read more at https://bit.ly/4eizcF0

Any top frontend and backend engineers looking for their next role 👀 👇

💻 Are you a Frontend/Backend Engineer based or interested in relocating to Amsterdam?? Our portfolio company Cradle is hiring for both Frontend and Backend engineering talent to join their ambitious mission of making programming biology easy. This is such an exciting & monumental time to get involved and join this amazing team of brilliant people. So if you or someone in your network is interested click the links below & apply! Frontend: https://lnkd.in/emt_T4gh Backend: https://lnkd.in/eHswx7UX #hiring #techjobs #engineeringroles #biotech #Amsterdam #startupjobs

So excited to be working with the incredible Walter Goodwin and our long time friend of the firm Stan Boland in building this new era for AI chips. Kindred Capital VC@ John W Cassidy and a host of partners in Cocoa 🍫 NATO Innovation Fund (NIF) Oxford Science Enterprises Inovia Capital Hermann Hauser

FINALLY we can announce our investment in the incredible Walter Goodwin and the rest of the team at Fractile 🚀🚀🚀 A lot of investors talk about how foundational models will eventually commoditise, taking for granted that hyperscalers will all be using the same data, same archetecture & same accelerator hardware… but that is an assumption that can be challenged. Fractile’s in memory compute will run inference at 100x the performance of general purpose accelerators like nvidia GPUs, giving their customers quite the edge over their competitors. Like Apple’s M processor family, we see hardware choice becoming a cornerstone of differentiation in the AI world. Companies will have to place their bets, and not all ‘chips’ will be placed on NVIDIA Beyond the technology, it’s been a joy to work with Walter and the rest of the team over the last 6+ months (not to mention our old friend Stan Boland!). Walter embodys everything you want in a founder, he’s razor sharp, charming, kind, hyper ambitious and relentless in pursuit of his mission… we just need to buy him a trade mark leather jacket for him to reach his full potential So excited about the journey ahead!! Onwards! 🦾🦾🦾

I am very excited to announce that Fractile has exited stealth and raised $15m in seed funding! The world’s biggest AI companies are engaged in a race to build, train and deploy the best foundational models, yet they’re held back by the limitations of the hardware they all rely on. As we enter the era of foundation models that are used by billions of people, the monetary and energy cost of running these models is extraordinary. Today’s AI chips are the biggest constraint to better performance, and we want to fix that. Fractile is taking a contrarian approach to building chips and systems for AI. By using novel circuits to execute 99.99% of the operations needed to run model inference and by shifting to in-memory compute, a Fractile system will be able to run state-of-the-art AI models 100x faster, 10x cheaper, and at a substantial power reduction. With the help of our investors - Kindred Capital VC, NATO Innovation Fund (NIF), Oxford Science Enterprises, Inovia Capital, Cocoa 🍫 and angel investors including Stan Boland and Hermann Hauser, we’re focused on expanding our team across silicon, software and AI, building commercial partnerships, and accelerating our blistering progress towards our first product. I sat down with Fortune’s Jeremy Kahn to discuss the limitations of today's AI hardware, the impact this is having on the industry, and our vision for a new kind of AI chip: https://lnkd.in/ePSp-pJq Thank you to everyone who has helped make today’s news a reality! 🚀

Sohar Health (YC S23) is hiring again 👋🏾 ! We have a great opportunity to lead our Operations team! Sohar Health is an API-based system that's redefining how providers navigate the complex world of insurance claims and front-end revenue cycle management (RCM). If you're into process optimization, data analysis, and keen to be part of a mission-driven, fast growth health tech company, then take a look at our job listing 🚀 Lucas Gordon Sydney C. Viraj Muthyala

🎉 Some exciting news! 🎉 Hofy is joining forces with Deel! We've been working as partners for several years, and I could not think of a better home for Hofy than this. Alex and the team at Deel share our grand vision of having the best out-of-the-box HR and IT offerings in a single platform, and this is what we will continue to build. I am incredibly proud of what the Hofy team has accomplished in such a short time and grateful to our investors, friends and family who supported us in building the best and only truly global IT offering for distributed businesses. 🙏 Michael and I will stay at Deel to help accelerate and expand our mission of equipping anyone anywhere for work. Let's go! 🚀 Shuo Wang Philippe Bouaziz Fred Destin Russell Buckley Natalie Somekh

Discover how Platformed's product suite is helping pricing operations platform, m3ter, to free up time for its internal teams by removing the burden of disruptive, repetitive and time-consuming tasks 🙌 Our latest case study with m3ter is live 👉 https://lnkd.in/eFs3AnGk #trustcenter #ddq #riskmanagement