NVTC Newsletter No. 3

Sep 20, 2022

Kaley Ubellacker

Market Stirrings 🚩

Here's what the week looked like in pre-seed:

Total Amount Raised

Total Amount Raised

Total Funding Rounds

Total Funding Rounds

Average Dollars per Round

Average Dollars per Round

Estimated Valuation Range

Estimated Valuation Range

Data aggregated from proprietary research and Crunchbase; valuation estimate based on 10-20% ownership stake.

Happy Tech Tuesday, and welcome to the NVTC weekly newsletter! Here you’ll find recent updates from the tech world, insightful articles related to startups and highlights from NV portfolio companies.


THIS WEEK’S FEATURES ⚡

Unlearn – Digital twins and a new direction for clinical trials.

Big Apple – Apple enters the satellite market.

Positive Energy  – Recycling batteries and replicating blowholes.

No Laughing Matter – Progress in human/robot relationships.

🌐 What the Hack – Uber is in desperate need of security engineers.

My questions for you: what would you have done as a hacker in Uber’s internal system? What would you comment to expose yourself to everyone? Send back an email with your reply!


STARTUP HIGHLIGHT

You probably have some virtual version of yourself, whether that be on social media, email, or even a personal website. But have you ever wondered what your digital twin would look like?

Unlearn knows exactly what your digital twin would look like. As freaky as it sounds, wait to call 911 until you hear the amazing things the company is accomplishing. Unlearn’s goal is to create a service that processes historical clinical trial datasets to build disease-specific machine learning models. In turn, these models could be used to create digital twins with corresponding virtual medical records, enabling more efficient clinical trials.

Unlearn is the first company to ever do this, and today, it works with pharma sponsors, biotech companies, and academic institutions to optimize clinical studies. A key result of this groundbreaking technology is it reduces the size of control arms in trials. This eases the enrollment bottleneck that drives up time and cost. With Unlearn’s technology, patients get more access to potentially beneficial treatment instead of a placebo.

Good Reads 📖

For the rushed reader …

NEWS & ARTICLES 📖

  • Energy-Generating 'Artificial Blowhole' Completes 1-Year Test

  • Laugh at the Right Time, Robot. It's How You'll Really Fit in With Humans

  • The Adobe-Figma deal is historic for tech startups — if it goes through

For the less rushed reader …

How Apple’s iPhone 14 satellite link puts it up against SpaceX and others

Apple continues on its quest for world domination. To enable the new iPhone 14’s functionality for sending emergency messages via satellite, Apple partnered with Globalstar. Globalstar is one of the many companies now building satellite constellations to eliminate connectivity dead zones.

Battery Recycling Race Heats Up After Inflation Reduction Act

Automotive companies are betting that metal from recycled batteries is vital to developing EVs. One startup operating in this space is Ascend Elements, which just received over $300 million in funding from investors like Jaguar Land Rover and SK Group. The Inflation Reduction Act added to this momentum. Electric car consumer tax credits depend on the source of each car battery’s material.

Instacart’s grocery ‘smart cart’ shows how it’s about more than just groceries

Great news: the grocery shopping experience is about to become a lot less painful. Instacart is launching “Caper Cart,” a smart cart that detects items placed in it and checks them off a virtual list. This cart will be supplied to “Connected Stores” and will allow smaller grocery stores to compete with retail giants like Amazon and Walmart.

Fire Up the Pre-Seeds🔥

Highlights from this week’s pre-seed raises:

REDDIT HIGHLIGHT 📈

Uber was hacked this week. Here’s what Reddit has to say about it:

So did all of Uber’s security engineers flee the country, or did Uber not have any security engineers to begin with? In any case, it seems like a pricey mistake for a company that hasn’t turned a profit yet.

Here’s a new challenge for NVTC: hack into Lyft’s slack. Someone has to even the scoreboard.

Outro🚪

Have any questions, feedback, or comments? Just reply here. We iterate and curate the newsletter according to your interests! 

Some last matters of business: 

  • If you’re a technologist (engineer or product manager / designer with a technical background) join us on the NVTC LinkedIn group if you haven’t. We’d love to have you! 

  • Sign up here if you’re interested in co-investing with Necessary.

If you’re a startup founder, we’d love to help where we can! Brex provides full-stack finance solutions for startups. Sign up via Necessary and get bonus points.

Thanks for reading, and see you next week!