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You can see fires, but now Qwake wants firefighters to see through them

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When it comes to tough environments to build new technology, firefighting has to be among the most difficult. Smoke and heat can quickly damage hardware, and interference from fires will disrupt most forms of wireless communications, rendering software all but useless. From a technology perspective, not all that much has really changed today when it comes to how people respond to blazes.

Qwake Technologies, a startup based in San Francisco, is looking to upgrade the firefighting game with a hardware augmented reality headset named C-THRU. Worn by responders, the device scans surrounding and uploads key environmental data to the cloud, allowing all responders and incident commanders to have one common operating picture of their situation. The goal is to improve situational awareness and increase the effectiveness of firefighters, all while minimizing potential injuries and casualties.

The company, which was founded in 2015, just raised about $5.5 million in financing this week. The company’s CEO, Sam Cossman, declined to name the lead investor, citing a confidentiality clause in the term sheet. He characterized the strategic investor as a publicly-traded company, and Qwake is the first startup investment this company has made.

(Normally, I’d ignore fundings without these sorts of details, but given that I am obsessed with DisasterTech these days, why the hell not).

Qwake has had success in recent months with netting large government contracts as it approaches a wider release of its product in late-2021. It secured a $1.4 million contract from the Department of Homeland Security last year, and also secured a partnership with the U.S. Air Force along with RSA in April. In addition, it raised a bit of angel funding and participated in Verizon’s 5G First Responder Lab as part of its inaugural cohort (reminder that TechCrunch is still owned by Verizon).

Cossman, who founded Qwake along with John Long, Mike Ralston, and Omer Haciomeroglu, has long been interested in fires, and specifically, volcanos. For years, he has been an expeditionary videographer and innovator who climbed calderas and attempted to bridge the gap between audiences, humanitarian response, and science.

“A lot of the work that I have done up until this point was focused on earth science and volcanoes,” he said. “A lot of projects were focused on predicting volcanic eruptions and looking at using sensor networks and different things of that nature to make people who live in those regions that are exposed to volcanic threats safer.”

During one project in Nicaragua, his team suddenly found itself lost amidst the smoke of an active volcano. There were “thick, dense superheated volcanic gases that prevented us from navigating correctly,” Cossman said. He wanted to find technology that might help them navigate in those conditions in the future, so he explored the products available to firefighters. “We figured, ‘Surely these men and women have figured out how do you see in austere environments, how do you make quick decisions, etc.’”

He was left disappointed, but also with a new vision: to build such technology himself. And thus, Qwake was born. “I was pissed off that the men and women who arguably need this stuff more than anybody — certainly more than a consumer — didn’t have anywhere to get it, and yet it was entirely possible,” he said. “But it was only being talked about in science fiction, so I’ve dedicated the last six years or so to make this thing real.”

Building such a product required a diverse set of talent, including hardware engineering, neuroscience, firefighting, product design and more. “We started tinkering and building this prototype. And it very interestingly got the attention of the firefighting community,” Cossman said.

Qwake offers a helmet-based IoT product that firefighters wear to collect data from environments. Image Credits: Qwake Technologies

Qwake at the time didn’t know any firefighters, and as the founders did customer calls, they learned that sensors and cameras weren’t really what responders needed. Instead, they wanted more operational clarity: not just more data inputs, but systems that can take all that noise, synthesize it, and relay critical information to them about exactly what’s going on in an environment and what the next steps should be.

Ultimately, Qwake built a full solution, including both an IoT device that attaches to a firefighter’s helmet and also a tablet-based application that processes the sensor data coming in and attempts to synchronize information from all teams simultaneously. The cloud ties it all together.

So far, the company has design customers with the fire departments of Menlo Park, California and Boston. With the new funding, the team is looking to advance the state of its prototype and get it ready for wider distribution by readying it for scalable manufacturing as it approaches a more public launch later this year.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
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Source: https://techcrunch.com/2021/07/14/you-can-see-fires-but-now-qwake-wants-firefighters-to-see-through-them/

Start Ups

Telehealth giant Amwell to acquire Portland healthtech startup Conversa

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National telehealth provider Amwell said it will acquire Portland, Ore.-based healthtech startup Conversa and SilverCloud Health.

Conversa, founded in 2014, sells platforms tailored to different medical conditions that allow medical teams to communicate with patients remotely. The company raised $8 million at the beginning of this year, after COVID-19 generated increased need for the service.

Conversa also helps medical providers automate text-based conversations and other administrative tasks before, during and after patients check in to medical care.

Amwell said it will use Conversa’s patient profiling and engagement tools to boost client experience and outcomes.

Murray Brozinksy, CEO of Conversa Health, said the deal will help “usher in the hybrid care delivery model of the future.”

Amwell said it paid approximately $320 million in stock and cash to acquire Conversa and SilverCloud, a digital platform that caters to mental healthcare. The transaction is expected to close at the end of the third quarter.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://www.geekwire.com/2021/telehealth-giant-amwell-acquire-portland-healthtech-startup-conversa/

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Egyptian ride-sharing company Swvl plans to go public in a $1.5B SPAC merger

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Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen’s Gambit Growth Capital, Swvl said Tuesday. The deal will see Swvl valued at roughly $1.5 billion.

Swvl was founded by Mostafa Kandil, Mahmoud Nouh and Ahmed Sabbah in 2017. The trio started the company as a bus-hailing service in Egypt and other ride-sharing services in emerging markets with fragmented public transportation.

Its services, mainly bus-hailing, enables users to make intra-state journeys by booking seats on buses running a fixed route. This is pocket-friendly for residents in these markets compared to single-rider options and helps reduce emissions (Swvl claims it has prevented over 240 million pounds of carbon emission since inception).

After its Egypt launch, Swvl expanded to Kenya, Pakistan, Jordan and Saudi Arabia. The company also moved its headquarters to Dubai as part of its strategy to become a global company.

Swvl offerings have expanded beyond bus-hailing services. Now, the company offers inter-city rides, car ride-sharing, and corporate services across the 10 cities it operates in across Africa and the Middle East.

Queen’s Gambit, the women-led SPAC in charge of the deal, raised $300 million in January and added $45 million via an underwriters’ overallotment option focusing on startups in clean energy, healthcare and mobility sectors.

The statement also mentions a group of investors — Agility, Luxor Capital and Zain Group — which will contribute $100 million through a private investment in public equity, or PIPE.

Per Crunchbase, Swvl has raised over $170 million. From an African perspective, Swvl features as one of the most venture-backed startups on the continent. The company has been touted to reach unicorn status in the past and will when this SPAC merger is completed.

The company will aptly trade under the ticker SWVL. The listing will make it the first Egyptian startup to go public outside Egypt and the second to go public after Fawry. It will also make the mobility company the largest African unicorn debut on any U.S.-listed exchange, beating Jumia’s debut of $1.1 billion on the NYSE. Swvl joins music-streaming platform Anghami as the second startup in the region to go public via a SPAC merger in the Middle East.

Swvl had annual gross revenue of $26 million in 2020, according to the statement, and the company expects its annual gross revenue to increase to $79 million this year and $1 billion by 2025 after expanding to 20 countries across five continents.

On why Queen’s Gambit picked Swvl for this deal, Victoria Grace, founder and CEO, said in a statement that the company fit the profile of what she was looking for: “a disruptive platform that solves complex challenges and empowers underserved populations.”

“Having established a leadership position in key emerging markets, we believe Swvl is ready to capitalize on a truly global market opportunity,” she added.

In May, TechCrunch wrote that SPACs didn’t target African startups for several reasons, including a lack of global appeal and private capital and market satisfaction. Judging by Grace’s comments, Swvl has that global appeal and is ready to venture into the public market despite being in operation for just four years.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://techcrunch.com/2021/07/28/egyptian-ride-sharing-company-swvl-plans-to-go-public-in-a-1-5b-spac-merger/

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Crunchbase

Egyptian ride-sharing company Swvl plans to go public in a $1.5B SPAC merger

Published

on

Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen’s Gambit Growth Capital, Swvl said Tuesday. The deal will see Swvl valued at roughly $1.5 billion.

Swvl was founded by Mostafa Kandil, Mahmoud Nouh and Ahmed Sabbah in 2017. The trio started the company as a bus-hailing service in Egypt and other ride-sharing services in emerging markets with fragmented public transportation.

Its services, mainly bus-hailing, enables users to make intra-state journeys by booking seats on buses running a fixed route. This is pocket-friendly for residents in these markets compared to single-rider options and helps reduce emissions (Swvl claims it has prevented over 240 million pounds of carbon emission since inception).

After its Egypt launch, Swvl expanded to Kenya, Pakistan, Jordan and Saudi Arabia. The company also moved its headquarters to Dubai as part of its strategy to become a global company.

Swvl offerings have expanded beyond bus-hailing services. Now, the company offers inter-city rides, car ride-sharing, and corporate services across the 10 cities it operates in across Africa and the Middle East.

Queen’s Gambit, the women-led SPAC in charge of the deal, raised $300 million in January and added $45 million via an underwriters’ overallotment option focusing on startups in clean energy, healthcare and mobility sectors.

The statement also mentions a group of investors — Agility, Luxor Capital and Zain Group — which will contribute $100 million through a private investment in public equity, or PIPE.

Per Crunchbase, Swvl has raised over $170 million. From an African perspective, Swvl features as one of the most venture-backed startups on the continent. The company has been touted to reach unicorn status in the past and will when this SPAC merger is completed.

The company will aptly trade under the ticker SWVL. The listing will make it the first Egyptian startup to go public outside Egypt and the second to go public after Fawry. It will also make the mobility company the largest African unicorn debut on any U.S.-listed exchange, beating Jumia’s debut of $1.1 billion on the NYSE. Swvl joins music-streaming platform Anghami as the second startup in the region to go public via a SPAC merger in the Middle East.

Swvl had annual gross revenue of $26 million in 2020, according to the statement, and the company expects its annual gross revenue to increase to $79 million this year and $1 billion by 2025 after expanding to 20 countries across five continents.

On why Queen’s Gambit picked Swvl for this deal, Victoria Grace, founder and CEO, said in a statement that the company fit the profile of what she was looking for: “a disruptive platform that solves complex challenges and empowers underserved populations.”

“Having established a leadership position in key emerging markets, we believe Swvl is ready to capitalize on a truly global market opportunity,” she added.

In May, TechCrunch wrote that SPACs didn’t target African startups for several reasons, including a lack of global appeal and private capital and market satisfaction. Judging by Grace’s comments, Swvl has that global appeal and is ready to venture into the public market despite being in operation for just four years.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://techcrunch.com/2021/07/28/egyptian-ride-sharing-company-swvl-plans-to-go-public-in-a-1-5b-spac-merger/

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Startups

Why I make everyone in my company be the CEO for a day

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Leaders become great not because of their power, but because of their ability to empower others.

It’s no secret that most tech companies tout their culture as “unique” or “open,” but when you take a closer look, it’s often merely surface level. Yes, you may be dog-friendly or offer unlimited beer on tap, but how are you helping your employees become the best versions of themselves? We’re at our best when our employees are at their best, so we do everything in our power to make that a reality.

We’re at our best when our employees are at their best, so we do everything in our power to make that a reality.

After successfully running Vincit in Finland and Switzerland, in 2016 we made the jump to the United States, setting up an office in California. Although we had moved over 5,000 miles to a new country, it was important that our two main KPIs remain the same: Employee happiness and customer satisfaction. We believe that happy employees make clients happy, and happy clients refer you to others. Therefore, it was essential that this positive and prosperous workplace environment followed us to the United States.

So beyond traditional benefits, like full medical coverage, 401k matching and standard office amenities, we tapped into our Finnish roots to build and provide our employees with an uninhibited, supportive workplace. We keep our company culture as transparent as possible and fully believe in the power of empowering our employees. We have no managers and no real role hierarchy. Employees do not have to go through an approval process on anything they are working on.

We encourage our employees to make a trip to Finland to visit our headquarters. Instead of “Lunch & Learn” meetings, we host “Fail & Learn” meetings where employees get to share something that didn’t work and what they learned from it. And once a month, we let an employee become the CEO for a day.

Unsurprisingly, the “CEO of the Day” program is one of our most popular initiatives. The program gives our employee the reins for 24 hours with an unlimited budget. The only requirement? The CEO must make one lasting decision that will help improve the working experience of Vincit employees. Whatever the CEO of the Day decides, the company sticks with. They can purchase something for the company, change a policy, update a tool we use … Really, anything that they come up with can be done.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.
Click here to access.

Source: https://techcrunch.com/2021/07/28/why-i-make-everyone-in-my-company-be-the-ceo-for-a-day/

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