Tag: 13M

Boost Sport raises $1.3M to help basketball teams win more games with video analysis tech

Boost Sport CEO Mustafa Abdul-Hamid. (Boost Sport Photo)

Boost Sport, a Seattle startup that helps basketball teams analyze their performance with video analysis technology, raised a $1.3 million seed round.

Founded in 2016, the company uses machine learning and artificial intelligence that lets coaches and trainers pull data insights from video footage without having to purchase in-venue camera systems and wearable devices. Boost says its software can help spot trends and surface opportunities about strategy and personnel.

TitletownTech, a partnership between the Green Bay Packers and Microsoft, led the round. Other investors include Portfolia, Stadia Ventures, Barbara Clarke at the ImpactSeat, and Scott Cannon.

“With the ever-changing landscape in sports, technology that can create efficient data channels for coaches and teams will be even more important,” Cordero Barkley, partner at TitletownTech, said in a statement. “Boost is positioned to become a significant asset for coaches, conferences and leagues.”

Boost is

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Portland-based hardware security startup Eclypsium raises $13M

Yuriy Bulygin, co-founder and CEO, Eclypsium (Eclypsium Photo)

Portland, Ore.-based startup Eclypsium raised $13 million to help expand its enterprise hardware security technology.

Founded in 2017, the company helps detect, analyze, and prevent security threats at the firmware level.

Eclypsium is led by co-founder and CEO Yuriy Bulygin, a former top engineer at Intel and founder of the CHIPSEC project. He started the company with CTO Alex Bazhaniuk, another former Intel security engineer.

“The ongoing and material shift to remote work has brought new risks from remote and BYOD devices and remote access infrastructure,” Bulygin said in a Bulygin. “Traditional software security solutions don’t provide visibility into the firmware risks these devices bring to an organization. We have built world-class expertise and technology, in partnership with our customers, to address the firmware risk.”

New backers AV8 Ventures, TransLink Capital, Mindset Ventures, Alumni Ventures Group, and Ridgeline Partners invested in the

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Russian surveillance tech startup NtechLab nets $13M from sovereign wealth funds

NtechLab, a startup that helps analyze footage captured by Moscow’s 100,000 surveillance cameras, just closed an investment of more than 1RUB billion ($13 million) to further global expansion.

The five-year-old company sells software that recognizes faces, silhouettes and actions on videos. It’s able to do so on a vast scale in real time, allowing clients to react promptly to situations It’s a key “differentiator” of the company, co-founder Artem Kukharenko told TechCrunch.

“There could be systems which can process, for example, 100 cameras. When there are a lot of cameras in a city, [these systems] connect 100 cameras from one part of the city, then disconnect them and connect another hundred cameras in another part of the city, so it’s not so interesting,” he suggested.

The latest round, financed by Russia’s sovereign wealth fund, the Russian Direct Investment Fund, and an undisclosed sovereign wealth fund from the Middle East, certainly

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SushiSwap founder converts portion of developer fund to $13M in ETH

Chef Nomi, the founder and lead developer of SushiSwap, has converted a portion of SUSHI tokens allocated for the development of the SushiSwap ecosystem for roughly 37,400 ETH, an amount worth approximately $13 million at the time of this writing. This conversion was done in a series of two transactions.

According to Chef Nomi, the tokens were converted to ETH so that he could “stop caring about price” and “focus on the technicality of the migration.” SushiSwap plans on migrating Uniswap LP tokens deposited on its service to its soon-to-be-launched trading platform on Sunday.

“People asked if I exited scam. I did not. I am still here. I will continue to participate in the discussion. I will help with the technical part. I will help ensure we have a successful migration,” Nomi explained in a Twitter thread.

SushiSwap was launched with much fanfare, promoting itself as an “evolution” of decentralized

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