Fusion Fund

Starship’s fourth flight test launched with ambitious goals, attempting to go farther than any previous test before and begin demonstrating capabilities central to return and reuse of Starship and Super Heavy. The payload for this test was the data. Starship delivered. On June 6, 2024, Starship successfully lifted off at 7:50 a.m. CT from Starbase in Texas and went on to deliver maximum excitement. The fourth flight of Starship made major strides to bring us closer to a rapidly reusable future. Its accomplishments will provide data to drive improvements as we continue rapidly developing Starship into a fully reusable transportation system designed to carry crew and cargo to Earth orbit, the Moon, Mars and beyond. Congratulations to the entire SpaceX team on an inspired fourth flight test of Starship!

Fusion Fund portfolio company GrubMarket Inc. hit a significant milestone in July by acquiring Brothers Produce, the largest food service company in Texas. Congratulations to Founder and CEO Mike Xu and the entire GrubMarket team. Read more in the link below https://lnkd.in/dU5-ExKD

Our portfolio company, Paradromics Inc., announced its acceptance into the FDA's TAP program. This program expedites patient access to innovative medical devices that have already received the agency's Breakthrough Device designation by providing early, frequent, and strategic communications with the FDA. This marks a significant milestone for the company, alongside the opening of its patient registry in preparation for its first human trial next year. You can read coverage in the CNBC Healthy Returns Newsletter: https://lnkd.in/gJRaDwhx In addition, Matt Angle, the company's Co-founder and CEO, discussed the company's progress on “First Move with Julia Chatterley" which aired on CNN International. Watch here: https://lnkd.in/gzqYbvqg. Fusion Fund is proud to support Matt Angle and the entire Paradromics Inc. team on their incredible journey.

A shout out to our portfolio founder Arti Arora Raman and Portal26 for being showcased in Houlihan Lokey's latest report for their work on #genai governance and security.

Fusion Fund empowers founders from all backgrounds. Recently, we teamed up with Amazon Web Services (AWS) to host an AI panel featuring some amazing industry experts: Lana Feng, Ph.D. from Huma.AI Jo Zhu from Anthropic Zoe Wrenn from Tamber Sharon Zhou, PhD, from Lamini. A big shout-out to Lily Yuen Xu, Samuel George Hafer, and Danielle Dolinsky Gorman for organizing such a great event and to Aarthi Srinivasan for inviting us to join. Thanks, too, to all our insightful panel participants. We hope this is just the first of many more sessions like this!

Today we are announcing our participation in a new collaboration to develop novel diagnostic tools for Birt-Hogg-Dube (BHD) Syndrome, a rare genetic disorder affecting skin, lungs and kidneys. Rhino Health will be working with a team from University of Cambridge, Massachusetts General Hospital, and Asher Orion Group, supported by a grant from The Myrovlytis Trust. To develop robust AI models for rare diseases that can improve both the diagnosis and the healthcare of patients with rare diseases, it is important to train the models on diverse data sets from multiple institutions, across disparate geographies, representing many patient types. Rare disease research to diagnose and treat conditions like BHD is often hampered by the limited availability of data. Traditional ML methods typically require large datasets for training. Finding and curating those datasets for developing healthcare applications is difficult and is much harder for rare-disease use cases because the data are fewer in number, are in many locations, and contain sensitive information. Because rare diseases are often un-diagnosed, there is also the issue that these data may not exist. The long-term goal of this research consortium is to see the realization of a federated and privacy-preserving way to create a rare-disease AI tools that can then be deployed by any health system so that these conditions may be more often detected, without the need for specialized experts everywhere. “Federated learning offers a powerful solution to the challenge of data scarcity in rare disease research,” said Ittai Dayan MD, co-founder & CEO of Rhino Health. “By scaling data between different academic and non-academic centers, we can unlock the potential of this data to develop new diagnostics”. To learn more, watch the video below - or reach out to discuss how to apply federated computing to your research questions contact@rhinohealth.com. #federatedcomputing #federatedlearning #edgecomputing #raredisease #AI #ML

Thank you, New York, NY! We were so proud to share our Series B Funding announcement on the world-famous Nasdaq tower last week and see our branded LED trucks driving around the Big Apple! The new capital will fuel further product innovation and international expansion — helping ecommerce companies drive personalized, AI-powered product discovery experiences and delight customers. Learn more about our Series B led by Sapphire Ventures by clicking here: https://bit.ly/4bmfNkB. #Constructor #SeriesB #Innovation #ProductDiscovery

In collaboration with the Massachusetts Institute of Technology and IBM watsonx, our portfolio company, Nexa AI, introduced Octo-planner: a 3B parameter, on-device AI planning model, achieving high accuracy and efficiency with a Planner-Action framework. Great work, Alex (Wei) Chen and Zack Li!   🌟 On-device planning: Octo-planner, a 3.8B parameter model optimized for edge devices. 🛠️ Planner-Action framework: Distinct components for planning and action execution. 📈 Highly accurate: 97% success rate in in-domain tests. 🌐 Multi-domain capability: Novel multi-LoRA training method for complex queries.   Paper: https://lnkd.in/gpTW6syn Demo: https://lnkd.in/gWpaugqD Model Page: https://lnkd.in/gmRYJyWG Twitter: https://lnkd.in/gNXgNBJg   #AI #EdgeComputing #Innovation #TechNews

Otter.ai, one of Fusion Fund's early investments, is looking to hire top AI engineers and scientists at #NAACL (North American Chapter of the Association for Computational Linguistics). Check out their career page for opportunities to join their fast-growing team: https://otter.ai/careers. Go Otter.ai Go!

Our portfolio company, Paradromics Inc., was featured on CNBC's The Edge for its innovative approach to brain-computer interfaces. Check out the segment below: https://lnkd.in/gSneiZsR