The increasing population and the expansion of cities have posed many challenges in urban life. One of the major problems faced by people living in cities, especially close to busy roads and airports is the intrusive noise that doesn’t let them relax peacefully. This affects their mental health and increases the risk of developing cardiovascular diseases. This is what the Delft startup DeNoize intends to resolve with its smart window technology.
Funding from UNIIQ
Delft-based DeNoize raised €200k investment from UNIIQ, which is a €22M investment fund focused on the proof-of-concept phase. This fund helps entrepreneurs in West Holland bring their unique innovation to market faster. With this investment, DeNoize will be able to develop and validate its active noise cancellation technology for homes and offices. For UNIIQ, this investment lets it expand the Delft portfolio. The funding was announced digitally by Hassan Charaf, Head of Innovation at Royal Schiphol Group.
According to the company, it aims to implement the first prototype of its smart window with active noise cancellation in collaboration with Amsterdam Airport Schiphol, among others. DeNoize windows will become commercially available in 2022.
Aman Jindal, DeNoize CEO says, “The UNIIQ investment allows us to gather strong technical and market validation for DeNoize. This will enable us to implement our system in a real-life pilot by 2022. Until then, the technology needs to be developed further, which is why we’re happy to raise the investment at this stage.”
Mitigates outdoor noise by 90%
According to a study cited by the startup, there are over a million people in the Netherlands affected by outdoor noise. Among them, a few hundred thousands of inhabitants encounter severe sleep trouble, thereby resulting in approximately 800 directly related cases of heart disease.
While there are measures such as double glazed windows and noise barriers, these are effective only in mitigating mid-to-high frequencies. Still, the most troublesome low-frequency noise remains unresolved. This is where DeNoize aims to fill the gap by developing smart windows with active noise cancellation that cancel up to 90 per cent of the outdoor noise, claims the company.
Established in 2018 by Aman Jindal and Olivier Schevin, DeNoize claims to work with the mission to tackle the problem of noise pollution and offer a healthier living environment. Its smart windows can sense, filter, and amplify certain outdoor sounds so that building occupants can hear sounds such as birds, rainfall, etc. so that they are connected with the outside world acoustically.
DeNoize’s technology makes windows more resilient against the outdoor noise. It works on the principle of counter vibrating the glass in order to cancel the outdoor noise. The technology predicts the glass vibrations and mirrors the movements, thereby reducing noise levels drastically.
TL;DR: 1.25% equity instead of a salary for 1 year of work on a fresh startup (no work has been done yet, theyre still looking for a team).
Ive recently been approached to with an offer to join a startup team of 7 people total, all technical in a few different fields. The startup is just an idea now, no work has been done yet, they are still looking for a team.
The format of the startup is something i honestly havnt seen before so looking up typical figures and estimates has proven quite difficult.
This entire operation is run by a CEO with quite a few exits on his hands, he knows what he's doing and i personally have trust in him that he's qualified to be CEO and lead the company, and I also have a lot of faith in the idea, all's well on this front.
The issue is this – The CEO wants to pay the team of 6 people equal equity of 1.25% cliff and up to a total of 2.6 after 3 years total. The idea is that after around a year of working on this in our spare time (we all still continue working as normal), we should have an MVP with a small income to sustain the business expenses, and CEO has vouched to put up to 10k$ up to that point. The moment the business is slightly self sustaining, all the personnel on the team has the option to quit their jobs and join in, otherwise they just get the 1.25%. The CEO wants to bootstrap this idea without investors, and I believe it _might_ be possible, but it could also not be, we are still too early to tell.
I have several issues with this:
- All the people on board are skilled, quality people, but I am without a doubt the most technical in the most amount of fields out of the team – should I get more equity? (Im actually quite fine with everyone getting equal equity, as this will probably lead to less friction. this really could be a non issue, I just wanted to hear some more opinions)
- We don't get a salary, we are paid with equity – doesn't this mean we are founder? if so, why are the team of 6 each getting 2.5 after 3 years and the CEO gets the rest (he personally said he gets 65% By my calculations he should get 82.5% but I think he's reserving some for more members down the line)? (this personally feels fishy, youre the ceo, youre the source of the idea, and youre funding it at the start, but 65% feels like way more than is fair)
- He said that if we end up do getting investors, we all get diluted – doesn't this mean ill end up with dirt while essentially giving an MVP for free?
- Let's say we worked for a year and got the MVP up and running, im worried he might fire me after a year, give me the 1.25% im owed and take the 1.35%, go to an investor and get funding (an investor at this stage should take far less than 30% since there's a working MVP that potentially has profit), and just replace us with salaried staff. Essentially getting an MVP for 7.5% (1.25% * 6) before dilution.
Just to summarize:
- The startup is just an idea at this moment, no work has been done yet.
- The idea is developed after work hours (1-3 hours a day), and we all still work as we normally would.
- The idea _could_ be done without investors, given the road not being *too* rocky.
- A realistic timeframe to get an MVP would be 1 year.
- We are payed with equity for 1 year or until the startup has a small income, thats when we could jump in and get some sort of salary or stay out and walk away with 1.25%. If we decide to stay, we get 1.35% more up to a total of 2.6^ after 2 years of vesting. The CEO gets 65%.
- The CEO funds this from his personal money (He has the money).
Realistically, im looking at this as 1.25% for 1 year of work (not full time work), god knows what is gonna happen after a year and if im going to quit my current job to join in, so im not putting too much stake in the 2.6%.
Any thoughts? What would you do or offer?
A startup based out of San Diego and Taipei is quietly nailing fundings and deals from some of the biggest names in electronics. Kneron, which specializes in energy-efficient processors for edge artificial intelligence, just raised a strategic funding round from Taiwan’s manufacturing giant Foxconn and integrated circuit producer Winbond.
The deal came a year after Kneron closed a $ 40 million round led by Hong Kong tycoon Li Ka-Shing’s Horizons Ventures. Amongst its other prominent investors are Alibaba Entrepreneurship Fund, Sequoia Capital, Qualcomm and SparkLabs Taipei.
Kneron declined to disclose the dollar amount of the investment from Foxconn and Winbond due to investor requests but said it was an “eight figures” deal, founder and CEO Albert Liu told TechCrunch in an interview.
Founded in 2015, Kneron’s latest product is a neural processing unit that can enable sophisticated AI applications without relying on the cloud. The startup is directly taking on the chips of Intel and Google, which it claims are more energy-consuming than its offering. The startup recently got a talent boost after hiring Davis Chen, Qualcomm’s former Taipei head of engineering.
Among Kneron’s customers are Chinese air conditioning giant Gree and German autonomous driving software provider Teraki, and the new deal is turning the world’s largest electronics manufacturer into a client. As part of the strategic agreement, Kneron will work with Foxconn on the latter’s smart manufacturing and newly introduced open platform for electric vehicles, while its work with Winbond will focus on microcontroller unit (MCU)-based AI and memory computing.
“Low-power AI chips are pretty easy to put into sensors. We all know that in some operation lines, sensors are quite small, so it’s not easy to use a big GPU [graphics processing unit] or CPU [central processing unit], especially when power consumption is a big concern,” said Liu, who held R&D positions at Qualcomm and Samsung before founding Kneron.
Unlike some of its competitors, Kneron designs chips for a wide range of use cases, from manufacturing, smart homes, smartphones, robotics, surveillance and payments, to autonomous driving. It doesn’t just make chips but also the AI software embedded in the chips, a strategy that Liu said differentiates his company from China’s AI darlings like SenseTime and Megvii, which enable AI service through the cloud.
Kneron has also been on a less aggressive funding pace than these companies, which fuel their rapid expansion through outsize financing rounds. Six-year-old SenseTime has raised about $ 2.6 billion to date, while nine-year-old Megvii has banked about $ 1.4 billion. Kneron, in comparison, has raised just over $ 70 million from a Series A round.
Like the Chinese AI upstarts, Kneron is weighing an initial public offering. The company is expected to make a profit in 2023, Liu said, and “that will probably be a good time for us to go IPO.”
Dating Group, one of the largest companies in the dating industry with 73 million registered users across its portfolio, today announced the acquisition of Once, a leading app for quality dating in Western Europe. The deal values the company at around €14.9 million and is made via a combination of cash and Dating Group stock. …
The post Dating Group acquires Swiss startup Once App in a €14.9 million deal first appeared on EU-Startups.
Are you working on a promising B2C startup and you’re interested in entering or speeding up growth in the Italian or Spanish market? A great way to make this happen would be through a media-for-equity collaboration with one of Europe’s leading media companies. Ad4Ventures is the venture capital arm of Mediaset Group, offering multiplatform advertising in…
The post Boost your Italy/Spain expansion with a media-for-equitiy deal (Sponsored) first appeared on EU-Startups.
Seasonal depression is real and it can feel especially intense with the combination of cold winter weather and post-holiday blues during this uncertain time in our world.
Read more here.
The post [The Bouqs in ET Online] Best Products to Help Deal With Seasonal Depression on Blue Monday appeared first on OurCrowd Blog.
Congratulations, you’re no longer selling your company for billions of dollars!
As strange as it sounds, that’s the leading perspective from venture capitalists concerning Plaid, now that its much-touted sale to Visa has fallen apart.
The $ 5.3 billion deal would have seen banking API startup Plaid join consumer payments and credit giant Visa. But the American government took a dim view of the deal, and according to Axios reporting, Plaid felt like it could be worth more money in time.
The TechCrunch team has collected views from venture capitalists, analysts and Anshu Sharma, CEO of another API-powered startup and a former VC to get a better view on the perspectives in the market concerning the blockbuster breakup.
From the venture capital side of things, most takes we received were bullish regarding Plaid’s chances now that it’s no longer being taken over by Visa. Amy Cheetham, for example, of Costanoa Ventures, said that the result is “good for the company, ultimately.” She added that Plaid may now see better “talent acquisition,” faster product decisions and a better eventual valuation.
“There is so much left for them to build in fintech infrastructure,” Cheetham said in an email, adding that she sees “Stripe-like scale potential” in Plaid. Stripe is reportedly raising capital at a valuation that could reach $ 100 billion.
Cheetham is not alone in her bullish perspective. Nico Berandi of Animo Ventures wrote to TechCrunch to say that he “still wishes” that his firm had been “around back then to have invested” in Plaid, adding a smiley face at the end of his missive.