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Alex Mike

Brian Brackeen, the founder and former CEO of facial recognition startup Kairos, has made his way back to the company following his ouster in 2018. Brackeen is now chairing the company’s scientific advisory board, where he’ll help to address and eliminate issues of racial bias from the technology.

While that’s not the company’s explicit mission — it’s to provide authentication tools to businesses — algorithmic bias has long been a topic the company, especially Brackeen, has addressed.

But what happened in the time leading up to his ouster and the events that followed was quite the whirlwind.

In 2018, Kairos’ board of directors forced Brackeen out of his role as CEO, citing willful misconduct as the cause for his termination. In addition to forcing him out of the company he founded, Kairos sued Brackeen, alleging the misappropriation of corporate funds and misleading shareholders.

At the time, Brackeen referred to the events as “a poorly structured coup,” and denied the allegations. Then, Brackeen countersued Kairos, alleging the company and its CEO Melissa Doval intentionally destroyed his reputation through fraudulent conduct. In 2019, Brackeen and Kairos settled the lawsuits. Brackeen then went on to start Lightship Capital with his wife, Candice Brackeen.

Since returning to Kairos, Brackeen has already directed Kairos to focus on what it’s calling the Bias API. The API is designed to make it easier for companies and firms to detect and address any algorithmic biases, according to Brackeen.

Brackeen is not back on a full-time basis, as he has his hands pretty full with Lightship Capital, but he said he’s generally tasked with steering the ship during quarterly meetings.

As for who’s at the helm, that role falls to Dr. Stephen Moore, who joined Kairos as its chief scientific officer in July 2018 following the company’s acquisition of Emotion Reader.

“He is a brilliant mind, and I’m excited to see a scientist in the CEO role,” Brackeen said. “We will work closely together to bring the bias work to the fore, and to make sure it’s a world-class solution. He is as deeply committed to solving the problem of bias as I am.”

Despite the drama of the past, Brackeen told TechCrunch he still considers Kairos to be his baby. It’s also worth noting that folks like Doval, who was appointed to CEO following Brackeen’s ouster, and Mary Wolff, the former COO who spearheaded the lawsuit, are gone.

“First, I will always feel a responsibility to the team, investors, and fans of Kairos,” Brackeen said as to why he’s returned. “Many of whom I was singularly responsible for. Secondly, as a society, bias can be found in everything from twitter image cropping to air dryers not turning on for black hands. It’s a painful reminder of a society that’s not fair for all. The challenge is that as AI gets to be imbedded in more and more products, we will see bias in all kinds of products. Kairos with its large dataset and years of IP, must be the firm that saves us from that dystopian future. I am uniquely situated to lead that strategy.”

 

Alex Mike Mar 19 '21
Alex Mike

SpaceX has completed what’s known as the ‘stacking’ of its first Super Heavy prototype, the extremely large next-generation first-stage rocket booster that it will eventually use to propel its Starship spacecraft to orbit and beyond. The Super Heavy Booster is about 220 feet tall – which is roughly the wingspan of a Boeing 747, or a bit taller than the Cinderella Castle at Walt Disney World in Florida.

That’s without Starship on top, which will add around another 160 feet. Super Heavy will undergo its own testing prior to flying with Starship, however, and a lot of that will be focused on assuring its fuel tanks can handle the pressurization and extreme temperatures required for keeping all that ignitable material stable prior to when the engines actually fire.

Super Heavy uses the same engines as Starship — Raptor engines, to be specific, which SpaceX created new for this generation of launch vehicle. The final version will have a total of 28 Raptor engines, but this first prototype will likely be outfitted with far fewer, and SpaceX CEO Elon Musk has confirmed that it’ll also remain grounded, as it’s intended to be use only for testing things like build and transportation mechanics.

Yes, Booster 1 is a production pathfinder, figuring out how to build & transport 70 meter tall stage. Booster 2 will fly.

— Elon Musk (@elonmusk) March 18, 2021

He did say the next prototype will fly, and while he isn’t always accurate about timelines, the Starship upper stage (i.e., the one that looks like a big grain silo with fins) is progressing quickly in its development, including with a recent test flight that ended with a near-perfect landing — minus the subsequent explosion that took out the prototype rocket entirely a few minutes after it had touched down successfully.

Musk clearly wants to move fast with Starship and Super Heavy, in part because of ambitious goals it has of serving as a provider to NASA for future human lunar landing missions as part of the Artemis program, and also because it’s still planning to fly the first commercial tourist flight of a Starship in just two short years in 2023.

Alex Mike Mar 19 '21
Alex Mike

Over the last few months, we’ve added a number of new Extra Crunch features at the request of the community. This includes Group Membership, expanding support to new countries like Israel and Norway, adding “sign in with Google” to improve checkout speed, and increasing login timeout so users aren’t regularly logged out of the product. Improvements will continue to come in 2021, including a new Extra Crunch Live homepage and easier ways to find the most relevant content for you.

Feedback from our community is critical as we continue to build and develop the product. We’re always looking to improve, and we’d love to get feedback on the product in its current state. If you have a few minutes, please fill out the survey below.

Alex Mike Mar 19 '21
Alex Mike

As indoor farming expands, a number of new companies are cropping up to provide better data and monitoring tools for the businesses aimed at improving efficiencies and quality of indoor crops. 

One of these companies, the Copenhagen-based Nordetect, is entering the U.S. market with around $1.5 million in funding from government investment firms and traditional accelerators like SOS V, with a tech that the company claims can give vertical farms a better way to monitor and manage nutrients and water quality.

Controlled agriculture, whether in greenhouses or warehouses, benefits from its ability to administer every aspect of the inputs to ensure that plants have the optimal growing conditions. It is, however, far more expensive than just seeding the ground.

Proponents say that these farms can overcome the additional expense by improving efficiency around water use, reducing the application of pesticides and fertilizer, and cultivating for better, tastier produce.

That’s where Keenan Pinto and Palak Sehgal’s Nordetect comes in. The two co-founders have known each other since they were undergraduates in India eight years ago. They went on to do their masters work together and after working in bioengineering plants — Sehgal focused on flowering systems in plants and Pinto focused on roots — they both went into more digital fields — but maintained their fascination with plants and kept in touch with each other.

Professional work in medical diagnostics for Sehgal and lab instrumentation for Pinto kept both busy, but they continued their discussions around plant science and soil health.

Roughly three years ago, the two hit on the idea for a combined toolkit for water quality monitoring and soil health. Sehgal left the India Institutes of Technology, where she had been working, and joined Pinto in Copenhagen to begin developing the tech that would form the core of Nordetect’s business proposition full time.

The company’s technology consists of an analyzer and a cartridge, a microfluidic chip that users can insert into their water tank to take a sample. From the data that the device collects, farmers can control the nutrients they put into the water to optimize for traits like color and flavor, Pinto said.

Image Credit: Shutterstock/Francesco83

The company was accepted into SOSV’s Hax accelerator in 2017 and the two first time founders moved from Denmark to Shenzhen to begin developing the business. In late 2018 the company moved back to Denmark and raised a small amount of additional capital from SOSV and Rockstart.

By 2020, watching the expansion of vertical farming, the company took what had initially been a soil monitoring tool and added water quality monitoring features to support indoor farming. That’s when the business started taking off, according to Pinto.

“One of the interesting things is when i consider the outdoor vs. the indoor markets. The outdoor felt a bit conservative… the indoor seems much more forthcoming… and that traction allowed us to pull together this funding round $1.5 million,” Pinto said. 

The new round came from Rockstart, Preseed Ventures, SOSV, the government of Denmark’s growth fund, and Luminate, a Rochester, NY-based accelerator that focuses on optical electronics technology.

Luminate’s participation is one reason why Nordetect is coming to the U.S., but it’s hardly the only reason. There’s also the capital that has come in to finance indoor ag companies. The two largest vertical farming companies in the U.S., Plenty and Bowery Farming have raised $541 million and $167 million between them.

“The vertical movement has put people into the position where they are what I call data farmers,” said Pinto. “Each batch of produce is being used to learn and the data is more important than the output. We used this market as a beachhead.”

Alex Mike Mar 19 '21
Alex Mike

Ideally, it is expected of every business to reach its customers effectively. However, that’s not the case as limiting factors that hinder proper digital communication come into play at different growth stages. Termii, a Nigerian communications platform-as-a-service startup that solves this problem for African businesses, announced today that it has closed a $1.4 million seed round.

The round was co-led by African early-stage VC firm Future Africa and Japanese but Africa-focused VC Kepple Africa Ventures. Other investors include Acuity Ventures, Aidi Ventures, Assembly Capital, Kairos Angels, Nama Ventures, RallyCap Ventures, and Remapped Ventures.

Angel investors like Ham Serunjogi, co-founder and CEO of Chipper Cash; Josh Jones, former co-founder and CTO, Dreamhost; and Tayo Oviosu, co-founder and CEO of Paga also participated.

Gbolade Emmanuel and Ayomide Awe launched Termii after Emmanuel’s experience as a digital marketer helped him recognize the need for businesses to have exceptional communication channels. The CEO consulted for these companies and leveraged emails to retain customers, but as he found out that this process was lethargic, he sought other channels as a replacement.

“That got me to start thinking about multichannel messaging. What it meant was that we needed to find how to allow companies to use WhatsApp, voice, SMS effectively,” he said to TechCrunch. “And we had to make the process simple because in the African market, you can’t do complex stuff. You have to be as simple as possible.”

In 2017, the company officially launched and subsequently secured investment from Lagos-based VC Microtraction. Emmanuel says the company found product-market fit two years later after collating enough data from companies in different industries to understand what they really wanted.

Termii found out that in addition to assisting businesses to retain customers, there was a clear need to verify, authenticate and engage them.

“Many of these businesses we started engaging said they required tools to effectively communicate and verify customers because they were losing money at those points. For us, we saw it was a bigger problem,” Emmanuel added.

After making some tweaks, the team began to see an increase in customers numbers, especially amongst fintech startups. Positioning itself in the fast-moving space, Termii created an API-based communication infrastructure that caters to over 500 fintech startups across the continent. That’s not all. More than 1,000 businesses and developers are also using Termii’s API.

Some of these businesses include uLesson, Yassir, Helium Health, Piggyvest, Bankly, Paga, and TeamApt.

Playing in a $3.6 billion B2C communications market estimated to grow 6% annually, Termii runs a B2B2C model. But how does it make money? While a subscription-based model would’ve made sense, the two years spent by the company trying to find PMF made them think otherwise.

So the company leverages a virtual wallet system tied to a bank account and customers can make payments to the platform using mobile money, bank transfer, and credit cards. The startup charges these wallets on a per-message basis. It also does the same on every successful customer verification made towards customers’ contacts.

The Termii team

In early 2020, Termii started seeing immense progress and this coincided with their acceptance into Y Combinator. The growth continued throughout the year, growing its messaging transactions by 1000% and experiencing a 400% increase in its ARR.

Spilling into this year, Emmanuel says the company’s revenue is growing 60% month-on-month as a result of the surge in online financial transactions which to date makes up for 68% of the company’s total messaging transactions.

The seed investment that is coming a year after Termii graduated from the YC will be used for expansion and launch more messaging offerings across Africa.

Emmanuel says the company has its sights on North Africa with a physical presence in Algeria for the expansion. The reason lies behind the fact that in this quarter, Nigeria has accounted for 76% of the company’s messaging transactions, while Algeria currently accounts for 15%.

With this new fundraising, the company plans to tap into the wealth of experience from some of its new investors like Oviosu and Serunjogi who have also taken local companies into expansion phases.

Termii’s round is also noteworthy because it strays away from the usual fintech, mobility, agritech and cleantech sectors that investors typically notice. In fact, there are only a handful of venture-backed communications platform-as-a-service companies on the continent. A notable example is Kenya’s Africa Talking. It might be a stretch to say we might see more funding activity from this segment but one thing is apparent — investors are willing to place bets on less popular sectors.

Another highlight of Termii’s investment is that while foreign investors continue to dominate rounds in African tech startups, local and Africa-focused firms are beginning to step up by leading some which is a good sign for the bubbling ecosystem.

This round is also a big step for Future Africa. According to publicly available information, the firm is leading a million-dollar round for the first time since officially launching last year. This achievement is a continuation of its work over the past three quarters having invested in more than 10 African startups in the last three quarters and 30 startups in general. 

Kepple Africa Ventures, the co-lead, is also an active investor and can be argued to be the most early-stage VC firm on the continent — in terms of the number of deals made. So far, the firm has invested in 79 companies across 11 countries. 

Speaking on the investment for Kepple Africa, Satoshi Shinada, a partner at the firm, said, “Fragmented and unstable communication channels are one of the biggest challenges for the digitization of businesses in Africa. Emmanuel has proven that with his visionary goals and solid implementation of iterations on the ground, his team is unparalleled to build an innovative solution in this space.”


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Alex Mike Mar 19 '21
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