NC startup focused on reuse of phosphorus from manure raises $1.25M, wants $1.7M more
Started in 2018, Phinite is a North Carolina-based company aiming to reuse phosphorus from manure. And it’s ramping up fundraising efforts.
New Charlotte company STAline raises $15 million, has 55 investors
The recent funding for the new venture includes 55 investors according to the SEC filing, each contributing a minimum of $100,000 toward the $15.5 million raised so far.
Triangle capital exec: 2024 may be ‘sweet spot’ for tech investors, VC firms
“The ’24 vintage for venture capital is likely to be one of the best vintages in the past three or four decades,” says Mark Yusko of Morgan Creek Capital.
The OpenAI CEO fallout: Breaking down who are the winners and losers
One of the big here is the advancement of AI. Whatever your thoughts on the pace of this technology, there is no doubt that this has put power in the hands of those who want to accelerate the technology.
OpenAI fallout continues; 500 employees send open letter threatening to quit
The rebuke by some of OpenAI’s most senior employees also underscores Altman’s loyal following and Microsoft’s opportunity to benefit from the situation.
Durham’s Fortrea teams up with Medidata to improve diversity in clinical trials
The “Intelligent Trials” technology focuses on the feasibility of studies, and providing diversity data to aid companies in meeting representative enrollment targets.
Cool deal: Durham’s Phononic, partner deliver a chilling vertical grocery innovation
Phononic and partner VIDIR team for “BOPOS”, or “Buy Online Pick-up On-Site” fulfillment solution is the first of its kind and has the potential to change the way stores deliver online orders.
NC IDEA names six startup $50,000 grant winners across state
After a competitive 3-month process the SEED grants, each representing $50k in non-dilutive funding, have been awarded to six small businesses across the state.
‘Significant’ Fed innovation decision could be big news for NC, Senator Tillis hints
Senator Thom Tillis hints good innovation news is coming for North Carolina at a conference in Raleigh. He emphasized that a lean regulatory and tax burden, plus North Carolina’s core benefits of a strong “university system, infrastructure, and geographic positioning.”
NC IDEA Foundation summit kicks off entrepreneurship week
This is the fifth year of the Summit, which encourages entrepreneurship as a strategy for economic development and anchors the national Global Entrepreneurship Week.
Smart Cities look to make new connections in Raleigh next spring
The Smart Cities Connect Conference and Expo is coming to Raleigh next spring. The event, billed as “the nation’s leading smart city IoT event”, will take place at the downtown Convention Center May 8-10, 2024.
Triangle Connected+ Summit jump starts smart community collaboration
Summit organizers already have plans to meet with the community in December and discuss “actionable items” and takeaways from the event.
