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Sigma Computing raised $300 million in a Series C funding round led by D1 Capital Partners and hedge fund NX1. The California-based company makes cloud analysis easier by using a spreadsheet-like User Interface so that anyone can explore data faster, leading to better decision making.
The company places live data in billions of rows in a familiar setup so teams of any size, from marketers to product managers, can make real-time decisions on critical processes such as supply chain, budgeting, and consumer engagement.
“The delta between an enterprise’s performance and its potential is the speed and accuracy of the decisions it makes across its organization,” Sigma Computing CEO Mike Palmer said in a company statement. “We are erasing that delta for competitive companies that want to arm their departments — from operations, finance, marketing and beyond — with the data they need to make decisions quickly and without frustrating delays and dependencies.”
To date, the company has raised $381.3 million. With this most recent funding, Sigma Computing plans to expand and reach more companies.
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Telegram CEO Pavel Durov announced plans to improve the platform's content moderation by removing features misused for illegal activities. This comes after his recent investigation in France, where he was questioned about crimes like fraud and sharing illicit content on Telegram. Durov stressed that while most users are not involved in criminal activity, a small fraction has damaged the platform's reputation.
Telegram has already taken steps by disabling new media uploads to a blogging tool exploited by anonymous users and removing a People Nearby feature due to problems with bots and scammers. Durov committed to further improving moderation, though he did not detail specific plans. These changes are Telegram's first response since Durov's arrest in France.
The investigation has raised questions about tech platforms' responsibility in controlling content and the legal risks for their leaders. Durov's lawyer argued that it's unfair to hold him accountable for others' actions on the platform, but experts like Katie Harbath caution that fixing content moderation will likely require more than minor adjustments. Read more!
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The first legally binding international AI treaty, the AI Convention, will be open for signing by countries including EU members, the U.S., and Britain. Developed by the Council of Europe and adopted in May after discussions among 57 nations, the treaty addresses AI-related risks while promoting responsible innovation, focusing on protecting human rights.
Britain’s justice minister, Shabana Mahmood, praised the Convention as a significant step in harnessing AI without compromising fundamental values like human rights and the rule of law. This treaty is separate from the EU AI Act, which regulates AI systems within the EU market. Read more!
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In this video, Caya from Slidebean shares his experiences with startup accelerators like DreamIt Ventures, 500 Startups, and Startup Chile. He discusses the challenges, benefits, and why they joined multiple programs, offering advice on avoiding unnecessary equity dilution. We also compare top accelerators and share tips on funding, networking, and mentorship.
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