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- The New Wednesday Format
Hey friends 👋,
Welcome back to a (not so) normal Wednesday issue. In response to your feedback, this week we’re trying something new. Today, we’re deep-diving into the biggest announcements in AI from startups, incubators, and accelerators. I’ve been scouring the web for the best resources, relevant to you. Read on to learn more about AI startups and how you can get involved.
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Our Wednesday Makeover
It has come to my attention that you, our valued reader, have a strong interest at the intersection of AI x Startups.
In response, I’m giving the Wednesday issue a much-needed makeover. Instead of solely focusing on exploring relevant tools, we are shifting our attention to deep dive into the world of AI startups, incubators, accelerators, and available jobs for both technical and non-technical founders.
Our goal is to become the ultimate resource for everything AI x Startups:
The go-to destination for AI startup deep dives
The premier resource for uncovering accelerators and incubators
The ultimate solution for those seeking employment within AI
As always, your feedback is invaluable to me. Please share your thoughts by responding to this email, participating in polls, or connecting with me on social media.
🤿 1 Deep Dive
RewindAI features / Lifewire
Funding = $350M
Round = Series A funding, raised publicly (extremely unorthodox)
The Details
Dan Siroker, the CEO and co-founder of Rewind AI, took a bold and unconventional approach to fundraising for the company's Series A round. Instead of following the traditional path, Siroker made a public announcement on Twitter, inviting venture capitalists to submit offers.
To facilitate the process, Siroker shared an online form where investors could specify the highest amount they were comfortable investing, ranging from $200 million to $1 billion. By taking this public approach, Siroker generated significant interest and received an overwhelming response. He dedicated substantial time to personally meet with investors, conducting thorough reference checks, and diligently assessing each opportunity.
Despite attracting offers from over 1,010 investors at valuations surpassing $1B, Siroker carefully selected 61 investors who valued Rewind AI at $350 million, with the National Education Association (NEA) taking the lead with a $12M buy-in.
NEA's exemplary reputation, backed by positive references, played a crucial role in solidifying its position as the ideal partner for Siroker's visionary goals. Furthermore, their commitment to being buyers rather than sellers at the IPO aligned perfectly with Siroker's long-term vision for the company.
The Product
Rewind is the perfect memory tool.
It records anything you’ve seen, said, or heard and makes it searchable.
Using GPT-4, Rewind allows you to ask an AI bot any questions related to your past experiences. Think of it as a personal search engine that retrieves facts and information about everything you’ve encountered
For instance, you can ask Rewind about your activities from last week, and it will provide a summary of the highlights, including meetings attended, emails sent, and websites accessed.
To ensure privacy, Rewind accesses your local Mac recordings, and according to the creators, all your information remains securely stored on your computer without leaving it.
To learn more, try it here.
🔐 2 Growth Gateways
Nvidia Inception: NVIDIA Inception is a no-cost initiative created to accelerate the growth of startups by providing them with advanced technology and the expertise of NVIDIA professionals. You can connect with venture capitalists, receive co-marketing support, and enhance your company's visibility.
Founders Factory Accelerator: Founders Factory is a team of over 100+ professional operators that have helped scale 300+ startups globally. They provide investment and operational support, access to market-leading corporates, and a global founder community.
💼 3 Career Connections
Product Developer (Rewind): Rewind is looking for a Product Designer with 3+ years of experience in product design, strong design skills in Figma or a similar tool, and experience with user research and testing. The ideal candidate will be able to work closely with software engineers to bring designs to life.
Senior Software Engineer (re:collect): re:collect is extending human creativity and decision-making by utilising the building blocks of artificial intelligence to create tools that augment memory, perception, and synthesis.
Chief of Staff (ScaleAI): Scale AI is the data platform for AI, providing high-quality training data for leading machine learning teams.
🔥 A Little Something Extra
The new Wednesday format? |
Do you have a product, service, idea, newsletter, or company that you’d love to share with over 30K dedicated AI readers?
The available opportunities within AI right now are astounding—funding is ever-increasing, job listings are exploding, and the culture is welcoming. There’s never been a better time to join the AI revolution.
As always, your feedback is crucially important. I want to hear your thoughts on the new Wednesday format! Respond to this email, connect with me on socials, or participate in the poll below:
— Alex