Vancouver-based outerwear brand Arc’teryx has introduced a new design platform, Walk Gently, which aims to honor and integrate Indigenous high-tech garment design into modern fashion. The platform gives Indigenous artists and designers a voice, showcasing their contributions to high-performance clothing. Indigenous Roots in Technical Design Indigenous peoples across North America have a long history of creating advanced clothing from natural resources. “We are technical designers in our own fashion,” Cole Sparrow-Crawford, an Indigenous artist who grew up in the Musqueam Nation in Vancouver told FastCompany. “We took our resources and
FOSSA, a leading open-source compliance and security platform, has acquired StackShare, a developer community platform. The move aims to bridge the gap between compliance, security, and developer tools, impacting over 1.5 million developers who use StackShare to share and discuss their tech stacks. Integration of Developer Tools and Security FOSSA, valued at over $100 million, started as a tool to help developers manage open-source licenses. Over the years, it has evolved to offer security vulnerability management and Software Bill of Materials (SBOM) management. This expansion has positioned FOSSA as a
Google for Startups Accelerator Africa has revealed its 8th cohort, featuring ten startups from Kenya, Nigeria, Rwanda, and South Africa. These ventures are using AI to address significant issues in healthcare, cargo mobility, energy solutions, and beyond. Pioneering Innovation Across Africa Africa’s tech ecosystem is described as a hub of creativity and problem-solving, driven by startups tackling both local and global challenges with exceptional ingenuity. Since its launch in 2018, the Google for Startups Accelerator Africa program has been important in supporting the continent’s startup landscape. The program has now
RUNWAY, a Black-women led financial innovation firm, launched its first in-house integrated capital investment fund. The RUNWAY ROOTED Fund is committed to investing $50 million into businesses, cooperatives, and grassroots organizations that are building wealth in Black communities across select regions in the United States. A New Paradigm in Reparative Finance The RUNWAY ROOTED Fund represents a significant shift from traditional investment models. It serves as a vessel of restitution and revitalization, aiming to address the systemic issues that have long fueled the racial wealth gap. “For too long, the
Venture capitalist (VC) Brittany Davis has shared a list of 80 Black-led VC funds in the US, highlighting the growing presence and influence of Black investors. The Black VC ecosystem Despite the increasing number of Black entrepreneurs, only 2% of VC funds are Black-led according to Davis. In return, Black founders in the US only received 0.48% of all venture dollars in 2023, about $661 million out of $136 billion. Realizing she could not find a recent list of Black-led VC funds, Brittany Davis, a General Partner at Backstage Capital,
Last year, Databricks acquired MosaicML, renamed Mosaic AI, a Black co-founded generative AI (genAI) startup know for its cutting-edge large language (LLMs) models. Building on both companies vision of making genAI accessible for all organizations, Databricks’ Mosaic team has since developed DBRX, one of the fastest and highest-performing LLMs available. Democratizing deep learning Co-founded by Jonathan Frankle PhD ’23 and MIT Associate Professor Michael Carbin, MosaicML started with the mission to make AI models more accessible. The startup developed a platform where users can train, improve, and monitor open-source models
Goodie Nation, an organization dedicated to empowering Black tech professionals, has secured over $150,000 in grants from the Kapor Center, Emory Philanthropy Lab, and the Community Foundation for Greater Atlanta’s GoATL Economic Inclusion Fund. This funding will enhance the ATL BLK TCH program, which aims to foster a robust and interconnected Black tech community in Atlanta. Building Bridges in the Black Tech Community The ATL BLK TCH program is designed to help Black tech professionals in Atlanta, offering a platform for networking, mentorship, and growth. With the new influx of
Intron Health, a clinical speech-recognition startup, recently raised $1.6 million in a pre-seed round led by Microtraction, with participation from several other venture firms. Founded by Tobi Olatunji, the company aims to bridge the gap in speech-recognition tools for speakers of minority languages, those with thick accents, or speech disorders. Bridging the Speech Recognition Gap Voice recognition technology is increasingly integrated into modern living, yet it often fails to serve those with thick accents or speech disorders. Olatunji, founder and CEO of Intron Health, is addressing this issue as he
The African startup ecosystem has witnessed a surge in investment, crossing the $1 billion mark in 2024, according to The Big Deal. This milestone was achieved faster than anticipated, due to several significant deals announced in July. Notably, d.light secured a $176 million securitization facility, and MNT-Halan raised $157.5 million for its expansion efforts. These, along with NALA’s $40 million Series A and other smaller deals, have pushed July 2024 to become the most successful month in African startup fundraising in over a year, amassing nearly $400 million. This figure
Plaiced, a growing online social network, has acquired Clutch, a Black women-founded marketplace for digital marketing services. The acquisition marks a shift in the digital marketing industry, promising enhanced opportunities for content creators and brands alike. Clutch: Connecting businesses with creators Co-founded by Madison Long and Simone May in 2020, Clutch has connected numerous creators with businesses seeking marketing and content creation services. The company had secured $1.2 million in pre-seed funding led by Precursor Ventures and had worked with over 70 brands, including Hearst Media. “The creator economy is
