CarePoint, a Black-owned technology-driven healthcare startup that seeks to make healthcare accessible, has just raised a $10 million bridge round to accelerate its growth across Africa. How does it work? Patients are able to access care virtually through CarePoint’s MyCareMobile app, which links them to diverse services through teleconferencing, including consultations with their doctors, test results, and 24-hour emergency response. The funding round was led by TRB Advisors and brings the total funding raised by CarePoint to $30 million. It follows an $18 million Series A round announced in November last year.
Parfait, an AI and facial recognition-powered beauty technology focused on providing custom wig products to consumers, announced today a $5 million Seed round led by Upfront Ventures and Serena Ventures. Millions of Black women waste exorbitant amounts of money and time on difficult-to-install hair products that don’t properly fit or match their skin tone. While the market for manufactured hair wigs is expected to grow to $13.3 billion by 2026 according to Arizton, innovations to the products and services remain stagnant—until now. According to its founders, Parfait is uniquely suited to
Clark Atlanta has announced that it has been awarded nearly $12 million in grant funding to establish a “Knowledge Metaverse” hub. The Knowledge Metaverse, according to a school release, “amplifies access and engagement in learning by combining the real world with digital information and extended reality (XR) similar to immersive experiences that have become increasingly popular in arts, gaming, and entertainment.” The grant was supplied by EON Reality, described by the school as “the global leader in augmented and virtual reality learning solutions.” Clark Atlanta is the first HBCU to
Less than 1% of investment went to teams of Black entrepreneurs, according to the Extend Ventures report which also noted that across the 10-year period “a total of 10 female entrepreneurs of Black appearance received venture capital investment (0.02% of the total amount invested)… with none so far receiving late-stage funding”. Despite these odds, young Black women founders in the UK are helming businesses and driving innovation in areas as diverse as beauty, e-comm, and real estate, and total a total of 16 Black women have raised funding. Both inside
The accuracy of facial recognition has improved drastically since ‘deep learning’ techniques were introduced into the field about a decade ago but there’s still a long way to go. A few years ago – the world’s largest scientific computing society, the Association for Computing Machinery in New York City, urged a suspension of private and government use of facial-recognition technology, because of “clear bias based on ethnic, racial, gender, and other human characteristics”, which it said injured the rights of individuals in specific demographic groups. So this is clearly a big issue
People in the US city of New York are subject to “shocking” mass surveillance through facial recognition technology cameras, with the invasive technology especially trained on areas of the city with greater concentrations of non-white residents, new research by Amnesty International and partners has revealed today. The new analysis – published as part of a global Ban The Scan campaign – shows how the New York Police Department’s vast surveillance operation particularly affects people already targeted for stop-and-frisk across the city’s five boroughs. In the Bronx, Brooklyn, and Queens the research shows
Up to £23 million in government funding will create more AI and data conversion courses, helping young people from underrepresented groups including women, black people and people with disabilities join the UK’s world-leading Artificial Intelligence (AI) industry. Up to two thousand scholarships for master AI conversion courses, which enable graduates to do further study courses in the field even if their undergraduate course is not directly related, will create a new generation of experts in data science and AI. The UK has a long history in AI, from codebreaker Alan
Cambridge-based post-seed accelerator Deeptech Labs has announced its autumn deeptech startup cohort.
New York City is making a bold move by introducing a new law to combat race and gender bias in hiring processes when businesses use artificial intelligence tools to screen out job candidates. Under the new law – employers in the city will be banned from using automated employment decision tools to screen job candidates unless the technology has been subject to a “bias audit” conducted a year before using the tool. The new act passed the measure on November 10 and it takes effect on January 2, 2023. A PricewaterhouseCoopers 2017 study found
A tech company that provides human resource training to large corporations has just been revealed to be using white actors to portray people of color within sessions about diversity, equity, and inclusion. During the training sessions, there were reportedly scenarios where Child Protective Services removed a child from a Black family and in each case, white actors played the roles of the Black characters. In other VR simulations, white actors played characters of Asian descent, and neurotypical adults played autistic children. Mursion, a corporate education company that has clients including Coco cola and Starbucks, has
