Startup Discovery Digest / June 03
I've met some exceptional founders in recent weeks and have listed 5 of them for your consideration.
"Focus is a matter of deciding what things you're not going to do." (John Carmack)
Startup Discovery Digest
SIQ Basketball sells a "smart" basketball and accompanying mobile app that uses embedded sensors and AI to track your shots in real time, providing shooting stats and analytics to help players improve their skills. The basketball has been tested and approved for official games by FIBA. (Pre-Seed, Finland)
ThreeV is an AI-powered inspection platform that helps companies modernize asset inspections, improve operational efficiency, and enable seamless collaboration between field inspectors and data teams. The startup provides solutions to streamline inspections using computer vision and natural language processing. (Pre-seed, US)
Drivex is an Estonian AI startup that provides automated vehicle inspection solutions to increase repair rates and reduce costs for insurance companies, car dealerships, and rental fleets. The company uses guided photo uploads and AI damage analysis to optimize windshield and auto body claims processing. (Seed, Estonia)
AuditToolbar is a Chrome extension that enhances auditor productivity by integrating tools for time tracking, note taking, and project management into a simple toolbar. The software aims to help auditors work more efficiently. (Seed, UK)
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Startup Spotlight
Livzym Biotechnologies
Market Opportunity: Livzym is revolutionizing industrial enzyme production with proprietary synthetic biology techniques, providing sustainable solutions for various manufacturing sectors such as food and feed. In an era where sustainable manufacturing is crucial, Livzym bridges the gap with innovative enzyme production, offering reliable and efficient alternatives to traditional methods.
Team: Livzym boasts a strong founding team led by Serdar Uysal (CEO), Dr. Cem Albayrak (CTO), and Uğur Saçmacıoğlu (CFO), bringing together expertise in synthetic biology, strain engineering, and bioprocessing. This diverse team drives Livzym’s mission to lead the biotechnology sector in Turkey and beyond.
Focus: Livzym aims to address the critical need for sustainable industrial enzymes by developing a comprehensive production process from genetic engineering to fermentation and purification. By localizing enzyme production and tailoring solutions to specific market needs, Livzym provides high-performance enzymes that meet the demands of various industries, ensuring quality, cost-efficiency, and supply chain resilience.
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Become More Human, Not Less: Scott Hartley argues that companies will choose "Strong" AI, which enhances human abilities and boosts output, over "Skinny" AI that replaces human labor but is inefficient. AI will supplement workers, increasing productivity and preserving jobs.
StartupBlink's 2024 Global Startup Ecosystem Index reveals that the US remains the top startup ecosystem, with Singapore making a significant jump to 5th place. The rise of AI is transforming the startup landscape, while healthtech is regaining its prominence.
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