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- Forestay Capital raises $220 million to invest in AI and SaaS startups 💼
Forestay Capital raises $220 million to invest in AI and SaaS startups 💼
Forestay Capital raises $220 million to invest in AI and SaaS startups in Israel and Europe
Fabien B
July 10, 2024
📖 TODAY’S ISSUE
🧵 Here are some insightful SaaS updates and tools we’ve curated for you today:
Learn about the latest funding rounds, product launches, and innovations in the SaaS and development space, such as Stripe, and Google AI Studio.
Explore some of the coolest and most useful SaaS tools that can help you grow your business, such as Sila, and Formation Bio.
Get some practical and actionable prompts to boost your SaaS productivity, such as how to optimize your landing page, how to create a customer feedback loop, and how to automate your workflows.
Learn some essential skills and strategies to accelerate your SaaS journey.
🗞️ HIGHLIGHT OF THE DAY
forestay
Forestay Capital, a European VC fund focused on enterprise AI and SaaS, has closed its second fund at $220 million. The fund will invest in early growth-stage startups across Europe and Israel, with a typical check size of $10-15 million. Forestay Capital has already backed several promising AI and SaaS companies, such as Veriti, Neural Concept, Wasabi, and Scandit. The fund aims to help founders scale their businesses globally and achieve product-market fit.
What We Think
Forestay Capital, a European VC fund focused on enterprise AI and SaaS, has announced the closing of its second fund at $220 million. The fund will invest in early growth-stage startups across Europe and Israel, with a typical check size of $10-15 million. Forestay Capital has already backed several promising AI and SaaS companies, such as Veriti, Neural Concept, Wasabi, and Scandit. The fund aims to help founders scale their businesses globally and achieve product-market fit.
⚡ LATEST IN TECH AND AI
Google has announced AI Studio, a new web-based integrated development environment (IDE) for creating and deploying AI models. AI Studio is powered by Gemini, Google’s largest and most capable AI model, which can generate code, text, images, and more. AI Studio lets developers use Gemini in a simple and intuitive way, without requiring any coding or ML expertise. AI Studio also integrates with other Google products, such as Cloud, Firebase, and TensorFlow.
Stripe, the leading online payment platform, has acquired Bouncer, a startup that provides fraud prevention tools for online transactions. Bouncer’s technology scans card details and verifies the identity of the cardholder in real-time, using machine learning and computer vision. Bouncer will join Stripe’s Radar team, which helps merchants detect and prevent fraud on their platforms. The terms of the deal were not disclosed
Microsoft has unveiled Windows 11, the next major update of its flagship operating system. Windows 11 features a redesigned user interface, with a centered Start menu, rounded corners, and new icons. Windows 11 also introduces new features, such as Snap Layouts, Snap Groups, and Desktops, which help users organize and multitask on multiple windows and screens. Windows 11 also supports Android apps, which can be downloaded from the Amazon Appstore through the new Microsoft Store. Windows 11 will be available as a free upgrade for eligible Windows 10 devices later this year.
💻 DEV RESOURCES
Google for Developers is a website that offers a variety of resources and tools for developers who want to build with Google technology. Google for Developers covers topics such as AI, Cloud, Mobile, Web, Chrome, Firebase, TensorFlow, Flutter, and more. Google for Developers also provides educational content, events, communities, and support for developers of all levels and backgrounds.
This is a curated list of over 800 resources for developers, covering a wide range of interests and technologies. The list includes websites, blogs, podcasts, newsletters, courses, books, tools, frameworks, libraries, and more. The list is updated regularly and can be filtered by categories, such as AI, Blockchain, Design, DevOps, JavaScript, Python, etc.
This is a collection of 24 open-source projects that are worth checking out in 2024. The projects span across different domains and technologies, such as AI, Web, Mobile, Desktop, Blockchain, Gaming, and more. The projects are selected based on their popularity, innovation, and potential impact. The list also includes a brief description of each project, as well as links to their GitHub repositories and websites.
🤖 COOL AI TOOLS
Discover mind-blowing AI tools
Sila is a SaaS platform that enables businesses to create and manage their own embedded banking products. Sila provides APIs and SDKs for building features such as bank accounts, cards, payments, identity verification, compliance, and more. Sila also handles the regulatory and security aspects of banking, as well as the integration with banks and payment networks. Sila recently raised $13 million in a Series A round led by Revolution Ventures
Formation Bio uses AI to discover and develop new drugs for rare diseases. Formation Bio leverages data from millions of natural compounds and biological pathways to identify novel drug candidates and optimize their efficacy and safety. Formation Bio also provides a cloud-based platform for drug discovery collaboration and workflow management. Formation Bio recently raised $30 million in a Series A round led by Playground Global.
Rainforest is a SaaS platform that provides embedded payments for SaaS providers. Rainforest allows SaaS providers to offer their customers a seamless and secure way to pay for their subscriptions, without leaving their platforms. Rainforest also handles the billing, invoicing, taxation, and compliance aspects of payments, as well as the integration with payment gateways and processors. Rainforest recently raised $20 million in a seed round led by Coatue.
💸 WHO RAISED?
Discover startups who just raised funds
Sila: $200M
Sila, a biotech startup that specializes in AI-driven drug discovery, has raised a massive $200M in funding. The company’s innovative platform accelerates the development of new medications by analyzing vast datasets to predict drug efficacy and safety.
Formation Bio: $30M
Formation Bio, a cutting-edge SaaS company, has secured $30M in funding to expand its AI-powered platform for crop management. Their technology provides actionable insights to farmers, aiming to revolutionize agriculture with data-driven decision.
LambdaVision: $5M
LambdaVision, a startup at the forefront of AI in healthcare, has raised $5M to further develop its platform. The company uses artificial intelligence to enhance diagno.stic accuracy and patient outcomes in medical imaging.
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