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Haun Ventures is riding the bitcoin high | TechCrunch


Blockchain startups were red-hot when Katie Haun left Andreessen Horowitz in 2021 to launch her own crypto-focused venture firm. But shortly after Haun announced that Huan Ventures’ two funds totalled $1.5 billion, cryptocurrency prices cratered, and FTX collapsed. 

Despite having a massive arsenal of dry powder, Haun Ventures didn’t rush to scoop up stakes in crypto and web3 on the cheap, and many observers wondered when the firm would pick up its deployment pace.

While Haun Ventures says it wasn’t exactly sitting on its hands (and capital) through crypto’s downturn, the firm was perhaps more cautious than it initially intended. 

But now that bitcoin prices have rebounded to their previous highs, Haun Ventures’ investment activity is increasing dramatically. Including some of its token positions, the firm has made 48 investments across its early-stage $500 million and $1 billion later-stage acceleration funds, Haun Ventures told TechCrunch. 

The firm’s latest investment is Agora, an app that streamlines voting and other decision-making for decentralized autonomous organizations. The firm led a $5 million seed round into Agora on Tuesday, with participation from Seed Club, Coinbase Ventures, Balaji Srinivasan and others.

Sam Rosenblum, a partner and investment team lead at Haun Ventures, said that a significant impediment to DAO participation had been the lack of a simple user interface that allows members to approve (or vote on) the implementation of software upgrades to the protocols they are governing.

The process was highly fragmented. Certain decisions were made in a separate Discord channel, then “you then [the community would] go somewhere else to take a vote on allocating dollars in the treasury towards a certain project,” Rosenblum said. 

Agora solves this issue for DAO members by providing an easy-to-use community and protocol governance solution. “Historically, if you wanted to participate in resource allocation of a protocol treasury, you had to do a bunch of on-chain actions yourself, which probably means you have hardware and software setup that most people don’t have,” Rosenblum said. 

Agora is supposed to make DAO participation straightforward for non-technical users. Rosenblum compared it to Coinbase, which simplified coin trading for most people.

The company was founded in 2022 by Charlie Feng, who co-founded fintech Clearco; Coinbase product designer Yitong Zhang; and software engineer Kent Fenwick. 

Agora, which is essentially a SaaS offering, is already used by protocols such as Optimism, ENS and Uniswap.

Rosenblum explained that these protocols are happy to pay for Agora because it helps lower the barrier to participation in their community. 

While activity is certainly accelerating in the crypto world, Rosenblum didn’t say exactly when Haun Ventures will be done deploying its current fund. But he did say that investing will continue into next year.


Software Development in Sri Lanka

Robotic Automations

neuroClues wants to put high speed eye tracking tech in the doctor's office | TechCrunch


The eyes aren’t just a window into the soul; tracking saccades can help doctors pick up a range of brain health issues. That’s why French-Belgian medtech startup neuroClues is building accessible, high-speed eye-tracking technology that incorporates AI-driven analysis. It wants to make it easier for healthcare service providers to use eye tracking to support the diagnosis of neurodegenerative conditions.

The company is starting with a focus on Parkinson’s disease, which already typically incorporates a test of a patient’s eye movement. Today, a doctor asks a patient to “follow my finger,” but neuroClues wants clinicians to use its proprietary, portable headsets to instead capture eye movements at 800 frames per second, after which they can run an analysis of the data in just a few seconds.

The 3.5-year-old outfit’s co-founders — two of whom are neuroscience researchers — point to high rates of misdiagnosis of Parkinson’s as one of the factors informing their decision to focus on the disease first. But their ambitions do pan wider. They paint a picture of the future in which their device becomes a “stethoscope for the brain.” Imagine, for example, if your annual trip to the optician could pack in a quick scan of brain health, and compare you against standard benchmarks for your age. According to the startup, which says it aims to help 10 million patients by 2023, eye tracking protocols could also help test for other diseases and conditions including concussion, Alzheimer’s, MS and stroke.

So how does the device work? Today, a patient looks through the headset and sees a screen where dots appear. A clinician then tells them to follow the dots with their eyes, after which the device extracts data that can be used as disease biomarkers by recording and analyzing their eye movements, measuring things like latency and error rate. It also provides the clinician with a standard value expected from a healthy population to compare with the patient’s results. 

“The first scientific paper that is using eye tracking to diagnose patients is 1905,” neuroClues co-founder and CEO Antoine Pouppez told TechCrunch in an exclusive interview, noting the technique was initially used for diagnosing schizophrenia. In the 1960s, when video eye trackers arrived, there was a boom in research into the technique for tracking neurological disorders. But decades of research into the usefulness of eye-tracking as a diagnostic technique has not translated into widespread clinical uptake because the tech wasn’t there yet and/or was too expensive, said Pouppez.

“That’s where this technology comes from: The frustration of my co-founders to see that eye tracking has a lot of value — that’s been demonstrated in research that has been clinically proven on thousands of patients in research setups — and it’s still not used in clinical practice,” he said. “Doctors today use their fingers — and literally say ‘follow my finger’ — whereas an eye is moving at 600 degrees per second. You’re doing three eye movements per second. And so it’s very, very difficult — close to impossible — to evaluate how well you’re moving around [by human eye alone].”

Others have similarly spotted the potential to do more with eye tracking as a diagnostic aid.

U.S.-based Neurosync, for example, offers a VR headset combined with FDA-cleared eye tracking software it says can analyze the wearer’s eye movements “as an aid to concussion diagnosis.”The product is geared toward football players and athletes in other contact sports who face elevated risk of head injury.

There are also mobile app makers — such as BrainEye — pitching consumers on smartphone-based eye-tracking tech for self testing “brain health.” (Such claims are not evaluated by medical device regulators.)

But neuroClues stands out in a variety of ways. First, it says its headset can be located in a regular clinician’s office, without the need for a dark room set-up nor specialist computing hardware. It’s not using off-the-shelf hardware but instead developing dedicated eye-tracking headsets for eye testing designed to record at high speed and control the recording environment. The outfit’s founders further argue that by building its own software, neuroClues enjoys unrivaled speed of data capture in a commercially deployed, non-static device.

To protect these ostensible advantages, neuroClues has a number of patents granted (or filed) that it says cover various aspects of the design, such as the synchronization of the hardware and software, and its approach to analyzing data. The startup is also in the process of filing an application for FDA approval and hoping to gain clearance for use of its device a clinical support tool in the US later this year. It is working on the same type of application in the European Union and anticipates gaining regulatory approval in the EU in 2025.

“We are the only one on the market today that is recording an 800 frames per second on a portable device,” said Pouppez, noting that the research “gold standard” is 1,000 frames per second. “There is no clinical or non-clinical product that is doing it at that frame rate, which meant that we had to lift barriers that no one had lifted before.”

Image credit: neuroClues

neuroClues, which was incubated in the Paris Brain Institute, expects the first eye-tracking headsets to be deployed in specialist settings such as university hospitals, so for use on patients who have already been referred to consultants. It notes the service will be reimbursable via existing health insurance codes as eye tracking tests are an established medical intervention. The company says it’s also talking to a number of other outfits in the U.S. and Europe that are interested in its hardware and software.

This first version of the device is designed as a diagnostic aid, meaning that a human clinician is still responsible for interpreting the results. But Pouppez said the team’s goal is to evolve the technology to serve up interpretations of the data, too, so the device can be deployed more broadly.

“Our goal is quickly to move down to bring that diagnostics capabilities to practitioners,” he told us. “We hope to be on the market with such a device in ’26/’27. And so to broaden up our market perspectives and really be in [the toolbox of] every neurologist in US and in Europe.”

The startup is announcing close of a €5 million pre-Series A round of funding, led by White Fund and the European Commission’s EIC Accelerator program. Existing investors Invest.BW, plus a number of business angels, including Fiona du Monceau, former Chair of the Board at UCB, Artwall, and Olivier Legrain, CEO of IBA, also participated. Including this round neuroClues has raised a total of €12M since being founded back in 2020.

Pouppez said it will be looking to raise a Series A in the next 12 to 18 months. “Our existing investors and the European Commission have already shown interest in participating, so basically i’m looking for a lead investor,” he added.


Software Development in Sri Lanka

Robotic Automations

Tesla layoffs hit high performers, some departments slashed, sources say | TechCrunch


Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source familiar with the matter told TechCrunch.

The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter earnings. The move comes as Tesla has seen its profit margin narrow over the past several quarters, the result of an EV price war that has persisted for at least a year. The company delivered a record 1.81 million vehicles in 2023. Its margins, however, took a hit after Tesla repeatedly slashed prices in a bid to drum up sales and undercut the competition.

Tesla informed employees that more than 10%, or about 14,000 workers, will be laid off across the global organization that has operations in the United States, Europe and China. In a regulatory filing, Tesla referred to the layoffs as a “company-wide restructuring.” The layoffs, which affected employees across all departments and seniority levels, were made to reduce costs and increase productivity to prepare for its “next phase of growth,” according to an internal email from CEO Elon Musk that TechCrunch has viewed.

High performers also cut

Many of the laid-off employees were high performers, according to two sources who spoke to TechCrunch on condition of anonymity. One source expressed shock at the number of talented employees cut and noted that many of those affected were working on projects that have fallen lower on Tesla’s priority list. The source declined to specify which projects.

Some departments saw layoffs beyond the 10% outlined in the companywide email, according to sources. One manager told TechCrunch that 20% of their employees were cut.

“I lost 20% of my team, some really good players too,” they said.

The shakeup also comes as Musk continues to bend the company’s trajectory toward building fully self-driving cars. Tesla recently dropped plans to build a lower-cost EV that would retail starting at around $25,000, opting instead to use the underlying platform being developed to power an alleged robotaxi that Musk said will debut August 8.

Musk previously tried to prioritize the dedicated robotaxi vehicle project, according to his biographer, Walter Isaacson. In 2022, he told employees that he wanted a “clean robotaxi” with no steering wheel or pedals. Tesla lead designer Franz von Holzhausen and engineering VP Lars Moravy kept running the low-cost EV project in secret and eventually convinced him to make both — that is, until last week when it was reported that Musk changed his mind.

Top execs leave

Two high-profile executives — Drew Baglino, Tesla’s SVP of Powertrain and Energy, and Rohan Patel, VP of Public Policy and Business Development — also left the company.

Patel told TechCrunch he decided Sunday evening to leave Tesla because of “[b]ig overall changes” at the company. Patel, who had been engaging regularly with Tesla customers and fans on X in recent months, declined to be specific. He noted in a message that it would be “better for me not to speculate. … Tesla is going to be stronger than ever, and change is good,” he added.

Baglino told TechCrunch that after 18 years, it was time to leave Tesla. “I feel good about the impact I’ve been able to achieve, my leadership team is strong, the energy businesses I’m responsible for are doing well, etc.,” he wrote in a message to TechCrunch.

“Baglino was in charge of powerdrives and new battery projects, and there’s a sense that there isn’t a whole lot of innovation that’s sustainable at this point, which is probably why Baglino is leaving,” Sandeep Rao, head of research at London-based financial services company Leverage Shares, theorized in an interview with TechCrunch.

Baglino’s departure comes just a few months after Tesla’s previous CFO, Zachary Kirkhorn, stepped down. In January, Musk posted on X, formerly Twitter, that he would want to have around 25% voting control of Tesla in order to focus more fully on the company, rather than on his other companies, and help the EV maker become a leader in AI and robotics.

This article was updated to include information from a regulatory filing that refers to the layoffs as a “restructuring.”




Software Development in Sri Lanka

Robotic Automations

Astranis unveils Omega 'MicroGEO' satellites for beaming dedicated broadband down from high orbit | TechCrunch


Astranis has taken the wraps off a new generation of communications satellites that will serve broadband to customers on Earth from geostationary orbit, but faster and smaller than any comsat up there. They believe the future of orbital communications is not just in higher orbits, but in the possibility of customers — government and commercial — having their very own private satellite network.

Called Omega, the new class of satellites will each provide some 50 gigabits per second of bandwidth in both civilian and military Ka bands — making it clear from the outset that this is intended to be a dual-use technology.

Astranis builds and operates relatively small broadband satellites in high orbits, and sells that capacity on to telecom and internet service providers. The company has contracts to provide capacity to providers in Mexico, the Philippines, Alaska and southeast Asia.

The startup takes pride in the comparatively diminutive size of its GEO satellites, which are normally huge and, as a result, easy to track and potentially attack.

“We need to move to a more resilient architecture. No more big, fat, juicy targets!” said Astranis CEO John Gedmark at an event at Space Symposium where the news was announced.

The improved bandwidth is thanks to a next-gen Astranis software-defined radio, but the signal is deployed more efficiently; while the previous generation sent down a set of coherent beams, like spotlights, the new generation is more like a big LED array, providing even signal across a much greater area. Gedmark said that although the number of points that can be served depends on the customer and use case, it is theoretically in the millions. The satellites use existing Ka-band receivers rather than a bespoke antenna like Starlink’s.

Speaking of competitors: When asked about how the orbital communications market would develop in the near term, Gedmark was highly optimistic. He said that the appetite for bandwidth is effectively unlimited, at least at the prices they are able to offer, which are well below legacy GEO data connections.

Notably, Astranis said the satellite will support specific waveforms that are of interest to the DOD, like the Protected Tactical Waveform, so it can still provide capacity even in contested environments. Astranis’ proposal — many small satellites in GEO — is a far cry from legacy tech, which has generally relied on very large, and very expensive, non-maneuverable satellites in GEO. In other words, sitting ducks for adversaries.

Like the company’s current satellites, Omega will have the ability to maneuver in GEO using on-board all-electric propulsion. Astranis said the more efficient thrust will allow it to keep its station for at least 10 years, as well as perform plenty of repositioning and other maneuvers. By that time the next generation will probably be ready to slot into place.

What will perhaps be Astranis’ standout product, however, will be dedicated satellites for customers. Obviously nations have their own dedicated spy satellites and the like, but these cost hundreds of millions of dollars and are often funded by defense budgets. But even multinational corporations don’t tend to have that kind of cash laying around, for that purpose at least — and if they did, they don’t tend to have satellite management departments. Astranis plans to essentially offer “satellite as a service” instead, where for an upfront and monthly fee a satellite can be tasked completely (or in part) to the use of a single customer.

Gedmark declined to name any of the companies that had expressed interest or were being wooed in other ways, but he did suggest that energy and oil and gas companies are an obvious one, with holdings across large geographical areas and demand for a good deal of secure satellite data. He also said that, while there are no official plans as yet to approach the cislunar market, there is a huge opportunity there for future growth.

The company aims to complete the first Omega satellite in 2025 and launch to orbit in 2026. The plan is to launch on the order of six satellites at that time, with as many as 24 per year being launched after that depending on how manufacturing scales up.


Software Development in Sri Lanka

Robotic Automations

Tesla layoffs hit high performers, some departments slashed, sources say | TechCrunch


Tesla management told employees Monday that the recent layoffs — which gutted some departments by 20% and even hit high performers — were largely due to poor financial performance, a source familiar with the matter told TechCrunch.

The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter earnings. The move comes as Tesla has seen its profit margin narrow over the past several quarters, the result of an EV price war that has persisted for at least a year. The company delivered a record 1.81 million vehicles in 2023. Its margins, however, took a hit after Tesla repeatedly slashed prices in a bid to drum up sales and undercut the competition.

Tesla informed employees that more than 10%, or about 14,000 workers, will be laid off across the global organization that has operations in the United States, Europe and China. The layoffs, which affected employees across all departments and seniority levels, were made to reduce costs and increase productivity to prepare for its “next phase of growth,” according to an internal email from CEO Elon Musk that TechCrunch has viewed.

High performers also cut

Many of the laid off employees were high performers, according to two sources who spoke to TechCrunch on condition of anonymity. One source expressed shock at the number of talented employees cut and noted that many of those affected were working on projects that have fallen lower on Tesla’s priority list. The source declined to specify which projects.

Some departments saw layoffs beyond the 10% outlined in the companywide email, according to sources. One manager told TechCrunch that 20% of their employees were cut.

“I lost 20% of my team, some really good players too,” they said.

The shakeup also comes as Musk continues to bend the company’s trajectory towards building fully self-driving cars. Tesla recently dropped plans to build a lower-cost EV that would retail starting at around $25,000, opting instead to use the underlying platform being developed to power an alleged robotaxi that Musk said will debut August 8.

Musk previously tried to prioritize the dedicated robotaxi vehicle project, according to his biographer, Watler Isaacson. In 2022, he told employees that he wanted a “clean robotaxi” with no steering wheel or pedals. Tesla lead designer Franz von Holzhausen and engineering VP Lars Moravy kept running the low-cost EV project in secret and eventually convinced him to make both — that is, until last week when it was reported that Musk changed his mind.

Top execs leave

Two high-profile executives — Drew Baglino, Tesla’s SVP of Powertrain and Energy, and Rohan Patel, VP of Public Policy and Business Development — also left the company.

Patel told TechCrunch he decided Sunday evening to leave Tesla because of “[b]ig overall changes” at the company. Patel, who had been engaging regularly with Tesla customers and fans on X in recent months, declined to be specific. He noted in a message that it would be “Better for me not to speculate.” “Tesla is going to be stronger than ever, and change is good,” he added.

Baglino told TechCrunch that after 18 years it was time to leave Tesla. “I feel good about the impact I’ve been able to achieve, my leadership team is strong, the energy businesses I’m responsible for are doing well, etc,” he wrote in a message to TechCrunch.

“Baglino was in charge of powerdrives and new battery projects, and there’s a sense that there isn’t a whole lot of innovation that’s sustainable at this point, which is probably why Baglino is leaving,” Sandeep Rao, head of research at London-based financial services company Leverage Shares, theorized in an interview with TechCrunch.

Baglino’s departure comes just a few months after Tesla’s previous CFO, Zachary Kirkhorn, stepped down. In January, Musk posted on X, formerly Twitter, that he would want to have around 25% voting control of Tesla in order to focus more fully on the company, rather than on his other companies, and help the EV-maker become a leader in AI and robotics.




Software Development in Sri Lanka

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