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Medical device startup Nanodropper raises $1.4M for eye drop bottle adapter

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(Nanodropper Photo)

Nanodropper, a medical device startup founded by University of Washington and Seattle University grads, announced a $1.4 million seed round this week. The company makes an FDA-approved adapter for eye drop bottles that reduces the size of eye drops to save money and medication.

Co-founders Allisa Song, Elias Baker, Mackenzie Andrews, and Jennifer Steger were inspired to solve the problem outlined in a 2017 article by ProPublica about how larger-than-necessary eyedrops were increasing costs for glaucoma patients. Eyedroppers often deliver more medication than the eye can physically absorb, and the Nanodropper reduces the size of drops by a quarter or more.

Golden Seeds, an investment firm focused on women-led businesses, Rochester Area Economic Development, Inc., Austin Area Angels, and the Seattle-based Alliance of Angels participated in the seed round.

Nanodropper was founded in Seattle; two of its co-founders are still based in the city. The company is now headquartered in Rochester, Minn. Song, Nanodropper’s CEO, is pursuing her MD at the Mayo Clinic Alix School of Medicine, which is located in Rochester.

Founded in 2018, Nanodropper previously raised funding from the UW Hollomon Health Innovation Challenge, grants, and angel investors. The startup also landed two contracts with the U.S. Air Force worth roughly $550,000.

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Source: https://www.geekwire.com/2021/medical-device-startup-nanodropper-raises-1-4m-eye-drop-bottle-adapter/

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Vitalik Buterin donates worth $1Bn of Meme Coins to India’s Covid Fund

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Here are the top trending new from the world of technology

1

Vitalik Buterin, the creator of Ethereum, donates $1 billion of Meme coins to India’s Covid relief fund.

Vitalik Buterin, the creator of Ethereum, on Wednesday made one of the largest individual donation to India’s COVID relief fund. According to reports, Buterin transferred 500 ETH and 50 trillion SHIB (a meme coin) to help India tide the COVID surge. However, Buterin’s philanthropic efforts caused panic reaction among investors as it sent SHIB’s price crashing southwards. SHIB’s popularity among the investors has increased exponentially in the wake of sporadic increase in dogecoin’s valuation over the last few weeks.

2

Tesla applies a sudden ‘brake’ on Bitcoin transactions, citing environmental concern.

As early as last March Tesla had sent the crypto industry on a ‘crazy,’ after the electric vehicle major  announced that it will accept bitcoins from customers. However, Tesla’s love affair with bitcoin has proved to be a short one as the company on Wednesday announced that it has halted Bitcoin transactions. The Elon Musk promoted company cited ‘environmental concerns’ for taking this decision, citing that ‘mining bitcoins’ isn’t really sustainable environmental practice.

3

Microsoft to wind up its Azure Blockchain Service    

Tech giant Microsoft has decided to shut down its Azure Blockchain service in September. The company said that existing deployment will be supported until September this year but no new deployments and customers will be added from May. Microsoft had entered the blockchain space in 2015.

4

India rolls out 5G trails but keeps out Chinese companies       

Indian government has given green signal to various domestic telco companies as well as global equipment manufacturers to conduct a six month 5G trail across the country. However, Chinese equipment makers like ZTE and Huawei have been kept out of the trail. Indian government has cited ‘security concerns’ for keeping out Chinese companies in the 5G trail process.

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Source: https://www.techpluto.com/vitalik-buterin-donates-worth-1bn-of-meme-coins-to-indias-covid-fund/

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Amplitude acquires Seattle-based customer data analytics startup Iteratively

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Iteratively CEO Patrick Thompson.

Acquisition news: San Francisco product intelligence company Amplitude acquired Seattle startup Iteratively. Founded in 2019 by veterans of Atlassian and Microsoft, Iteratively sells software to data and product teams for customer analytics tracking. The idea is to help prevent data quality problems at the outset of entry and have standardized customer data in one place.

Earlier this year Iteratively raised $5.4 million from Gradient Ventures, Google’s AI-focused venture fund, as well as Fika Ventures and PSL Ventures. The company is led by CEO Patrick Thompson, who co-founded Iteratively with Ondrej Hrebicek. They previously worked together at Syncplicity, a file sharing startup co-founded by Hrebicek that was acquired by EMC in 2016.

Iteratively will continue to operate as a unit within Amplitude, which has raised close to $200 million for its software that helps companies predict the impact of new product features. More than 70% of Iteratively’s customers are already Amplitude users.

“In Amplitude we see an ally in the pursuit to solve the acute pain points around data quality,” Thompson wrote in a blog post.

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Source: https://www.geekwire.com/2021/amplitude-acquires-seattle-customer-data-analytics-startup-iteratively/

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36 hours left to apply to Startup Battlefield at TC Disrupt 2021

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Do you and your early-stage startup have what it takes to be a modern-day gladiator and compete in Startup Battlefield at TechCrunch Disrupt 2021? You won’t know unless you apply, and time is running out. You have only 48 hours left to throw your helmet into the ring.

If you want to compete for glory, global exposure and $100,000 in equity-free prize money, apply to Startup Battlefield here before May 13 at 11:59 p.m. (PT).

Not familiar with Startup Battlefield? It has launched 922 companies — including the likes of Dropbox, Vurb, Mint and a bunch more — that have collectively raised $9.5 billion and produced 117 exits.

We can tell you what it’s like to compete in Startup Battlefield and about the benefits and opportunities that come from it. But Stacey Hronowski — co-founder and CEO of Canix, the winner of Startup Battlefield at Disrupt 2020 — describes it best.

“Our experience in Startup Battlefield was excellent. The rigorous training was specific and tailored to our individual business and presentation. I was particularly impressed with the Q&A training. I’ve fundraised numerous times and the practice questions were some of the most insightful and specific questions I’ve faced. I feel extremely well prepared for future fundraises.

“Post Startup Battlefield, we received significant press coverage and reach outs from notable investors. The experience was one of the most special of my life; I never thought I’d get the chance to share the story of Canix with investors and media across the globe.”

And guess what?! It won’t cost you a thing to apply or to compete. You can be from anywhere in the world and in any industry — but you should have an MVP. Are you detail-oriented? Read more about how Startup Battlefield works.

We’re tapping top VC talent to judge the Battlefield. Here are just a few of the experts you’ll need to impress:

TechCrunch Disrupt 2021 takes place on September 22-23, and if you want a shot at massive exposure and $100,000, you need to apply to Startup Battlefield before the deadline expires — in just 48 hours — on May 13 at 11:59 p.m. (PT). Go, gladiators, go!

Is your company interested in sponsoring or exhibiting at Disrupt 2021? Contact our sponsorship sales team by filling out this form.

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Source: https://techcrunch.com/2021/05/12/36-hours-left-to-apply-to-startup-battlefield-at-tc-disrupt-2021/

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Exclusive: Boston’s Aryeo Raises $3.65M Seed Round 

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Real estate content platform Aryeo has raised $3.65 million in seed funding, the company told Crunchbase News.

The Boston-based startup aims to streamline content in the real estate industry, helping agents get photos and other types of content where it needs to go. Hyperplane Venture Capital and Amplo led the seed round.

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Aryeo co-founders Brendan Quinlan, Matt Michalski, and Branick Weix.

If you’ve bought or sold a home before or done any late-night Zillow surfing, you know how important photos and videos are to a home listing. Photos and 3D tours are essential to selling a home, especially now, according to Aryeo CEO Branick Weix, given the COVID-19 pandemic and the social distancing guidelines that have come with it.

“It’s very similar to a Dropbox system, but it’s more tailored to the real estate industry,” Weix said in an interview.

Aryeo goes a step further than Dropbox. When content is uploaded into the system, Aryeo automatically makes promotional materials for the property, such as flyers, Facebook ads and a website.

One of Weix’s first jobs in high school was as a photographer taking photos for real estate agents. Most people don’t even realize that’s a job or industry, he added.

The idea for Aryeo came about when drones became more popular and real estate agents were interested in using drone footage to market homes. Aryeo’s co-founders Weix, Brendan Quinlan, and Matt Michalski began a drone photography business in Minnesota, but it wasn’t long before agents began asking for more content, and the team realized all of the pain points involved with getting content where it needed to be.

“How things normally work for many of these agents, they just have content emailed to them and they have to download it to their computer and then they have to go to all these sites separately,” Weix said. 

Consolidating content in a “highly fragmented marketplace with multiple data sources” is a pressing need in the real estate industry, and Aryeo’s platform can universally solve the problem, Hyperplane VC managing partner Vivjan Myrto said in a statement.

The company was founded in 2019, and  Aryeo processed more than 50,000 homes last year, or about 1 percent of the total annual home sales in the United States. The company works with more than 40,000 real estate agents and photographers and operates in all 50 states and countries including Canada, Belgium, Australia, and South Africa. 

The company, which currently has around 15 employees, plans to use the funding to hire, especially in sales and customer support, Weix said. Most of its work so far has been with photographers, but the company is expanding and building out tools to work more with agents and brokers. 

Aryeo bootstrapped for the first 1.5 years and grew through word of mouth before raising $3.6 million in outside funding. 

Other investors in the company include Contrary, Shutterstock founder Jon Oringer, and WePay founder Bill Clerico.

Illustration: Li-Anne Dias

Photo courtesy of Aryeo.

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

The idea behind Chicago-based Kin is that it’s too hard to get home insurance, especially for homes that are more complicated or risky–something…

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Source: https://news.crunchbase.com/news/exclusive-bostons-aryeo-raises-3-65m-seed-round/

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