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India-based digital skills assessment startup Interview Mocha raises $0.6 million in pre-series A funding to help organizations assess and hire the best candidates

It’s 2020, companies around the globe are still struggling to find the best candidates for their organizations. One of the startups helping to solve this problem is Pune, India-based Mocha Interview, a SaaS-based digital skills assessment solution platform that helps organizations assess, […]

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It’s 2020, companies around the globe are still struggling to find the best candidates for their organizations. One of the startups helping to solve this problem is Pune, India-based Mocha Interview, a SaaS-based digital skills assessment solution platform that helps organizations assess, hire, and upskill candidates and employees faster.

Today, Interview Mocha announced that it has secured $600,000 in pre-series A funding from a group of investors, including Freshworks CEO Girish Mathrubootham. Other backers include former Snapdeal CPO and Facebook Director Anand Chandrasekharan, and Vaibhav Domkundwar, CEO of Better Capital. This is the first external funding for the bootstrapped startup since its inception in 2015. Interview Mocha has revenues of more than $2 million ARR.

In conjunction with the funding, Interview Mocha also announced it’s rebranding itself as “imocha,” kicking off a major marketing growth phase for the company. About the rebrand, Amit Mishra said, “The interview in our name came from our legacy as a video interview company. We have outgrown that product and the name, but wanted to keep the “i” as a signal of what we are – innovative, and as a promise of what we will be – iconic.”

Founded by former IBM executives Amit Mishra and Sujit Karpe, Interview Mocha helps organizations assess, hire, and upskill candidates and employees faster. With more than 2000+ skills in its skill library, the platform empowers recruiters and hiring managers to thoroughly screen candidates and identify their skill proficiency, saving countless hours and closing the hiring cycle 4x faster.

Commenting on the funding, Girish Mathrubootham, CEO of Freshworks, said, “Amit and Sujit have built a solid team and a product that customers love. The company is already profitable and has a big addressable market.”

“Talent leaders of global companies are struggling to upskill their workforce to continue to be competitive. Interview Mocha brings one of the most important tools for human capital management – a ‘skill meter’ for talent leaders to rapidly assess skills, and invest in learning and development scientifically. I am not surprised by the demand Interview Mocha is seeing and am glad to be an investor,” said Vaibhav Domkundwar, CEO of Better Capital.

“The pandemic has accelerated digital transformation and is forcing organizations to adapt to the new normal worldwide. We see that enabling organizations to more accurately measure, up-skill, and assess candidates and employees is becoming more and more important, which is driving up demand for our product,” says Amit Mishra, CEO, and co-founder of Interview Mocha.


Source: https://techstartups.com/2020/08/27/india-based-digital-skills-assessment-startup-interview-mocha-raises-0-6-million-pre-series-funding-help-organizations-assess-hire-best-candidates/

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Crypto Project Gnosis Launches Futarchy-Based Governance Organization

Gibraltar, Gibraltar, November 23, 2020 — Gnosis, a blockchain prediction market, has announced the launch of its futarchy-based governance organization named GnosisDAO. Created to transparently guide decisions on development, investments, and governance, the prediction market-driven collective is a major milestone […]

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Gibraltar, Gibraltar, November 23, 2020 — Gnosis, a blockchain prediction market, has announced the launch of its futarchy-based governance organization named GnosisDAO.

Created to transparently guide decisions on development, investments, and governance, the prediction market-driven collective is a major milestone in the development of modern electronic prediction markets. The project enables permissionless prediction markets by taking the form of a minimum viable futarchy network, controlled and managed by users.

Futarchy is an ideologically neutral system of governance proposed by economist Robin Hanson, wherein market speculators get to determine policies. For example, if wagers were to be placed on the question “Should the minimum wage be above $20?” the subsequent policy would reflect whichever answer received the most bets. The idea behind futarchy is that people vote values but bet beliefs.

“The launch of GnosisDAO is about tapping into public expertise, and returning power—and transparency—to the people,” said Gnosis CEO Martin Köppelmann.

Members of the Gnosis community are invited to submit their own proposals via the Gnosis Forum, with markets forming around whatever topic members deem interesting and GnosisDAO covering the funding.

“As the prediction market industry’s first futarchy-governed organization, we are immensely proud to set the standard and raise expectations around the running of such platforms going forward,” added Köppelmann.

Prediction markets have long been viewed as an alternative to traditional media in understanding sentiment around key world events. Wagers placed on betting marketing aggregators recently favored Democratic Presidential hopeful Joe Biden over incumbent President Donald Trump, with Biden subsequently claiming victory and online prediction markets have proliferated in recent years with bets placed on a variety of subjects.

The team behind Gnosis has spent years developing the technical building blocks behind other prediction markets, not least the Omen platform which saw over $1 million worth of wagers placed on the latest Presidential election.

About Gnosis

Gnosis is one of the first companies to build on Ethereum, having been founded in 2015 by Martin Köppelmann and Stefan George as part of ConsenSys, the globally leading Ethereum venture production studio. In April 2017, Gnosis raised funds and spun out of ConsenSys to become an independent company. Gnosis offers three leading product lines (prediction markets, DEXs, multisig platform) allowing users to securely create, trade, and hold crypto assets.


Source: https://techstartups.com/2020/11/23/crypto-project-gnosis-launches-futarchy-based-governance-organization/

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Skype co-founder Jaan Tallinn has invested over $130M in more than 100 tech startups; now betting big on London-based AI startup Faculty.ai 

Jaan Tallinn is an Estonian computer programmer famous for co-founding Skype, a popular telecommunication platform that offers free video chat and voice calls to internet-connected devices. Skype was co-founded in 2002 by Jaan Tallinn, Janus Friis, Niklas Zennström. Microsoft later bought Skype […]

The post Skype co-founder Jaan Tallinn has invested over $130M in more than 100 tech startups; now betting big on London-based AI startup Faculty.ai  appeared first on Tech News | Startups News.

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Jaan Tallinn is an Estonian computer programmer famous for co-founding Skype, a popular telecommunication platform that offers free video chat and voice calls to internet-connected devices. Skype was co-founded in 2002 by Jaan Tallinn, Janus Friis, Niklas Zennström. Microsoft later bought Skype in May 2011 for $8.5 billion.

Since leaving Skype, Tallinn has been busy investing in new promising startups. In an interview with CNBC, Tallinn reveals he’s invested over $130 million in about 100 to 200 startup companies in his lifetime, adding that half of them are still “alive and kicking.”

His current bet is a cryptocurrency investment that includes around $1 million on Faculty.ai, a British AI startup focused on tracking terrorists, and Pactum, an “autonomous negotiation” startup based in California and Estonia. Faculty.ai builds AI software for companies and governments worldwide.

Faculty.ai was founded about 6 years ago by Angie Ma and Marc Warner. The startup provides data science and engineering training services. It provides training services to computer scientists in using artificial intelligence from the United Kingdom. It also developed a platform with large cloud computing space for accessing large amounts of data usable to design and test artificial intelligence models.

In 2014, Tallinn invested in the reversible debugging software for app development startup Undo Software. Jaan also made an early investment in London-based AI startup DeepMind which was purchased by Google in 2014 for $600 million. Elon Musk and Peter Thiel also backed DeepMind early on.

According to CNBC, Tallinn is currently investing in roughly one new company a month with anywhere from $500,000 to several million dollars through his various investment firms (the main one being Metaplanet Holdings).

Tallinn participates in the effective altruism movement and donated over $600,000 to the effective altruism associated Machine Intelligence Research Institute since 2015. Tallinn strongly promotes the study of existential risk and has given numerous talks on the topic.

Tallinn’s main concerns are on artificial intelligence, the unknowns from technological advances, and biological risk. He said humanity is not spending enough resources on long-term planning and mitigating threats that could wipe us out as a species.


Source: https://techstartups.com/2020/11/23/skype-co-founder-jaan-tallinn-invested-130-million-100-tech-startups-now-betting-big-london-based-ai-startup-faculty-ai/

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Facebook and Twitter say they will hand over @POTUS account to Joe Biden on January 20, even if President Trump doesn’t concede

Facebook and Twitter announced over the weekend that they will hand over @POTUS account to Joe Biden on Inauguration Day, even if Trump doesn’t concede. The @POTUS account on both social platforms is the official account of the President of the […]

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Facebook and Twitter announced over the weekend that they will hand over @POTUS account to Joe Biden on Inauguration Day, even if Trump doesn’t concede. The @POTUS account on both social platforms is the official account of the President of the United States.

The @POTUS handle is separate from the @realDonaldTrump Twitter account and the @DonaldTrump Facebook page that U.S. President Donald Trump mostly uses to write his posts. So far, President Trump has not conceded citing election frauds in multiple swing states.

“Twitter is actively preparing to support the transition of White House institutional Twitter accounts on January 20th, 2021. As we did for the presidential transition in 2017, this process is being done in close consultation with the National Archives and Records,” the company confirmed to Reuters on Saturday.

However, the decision of the two social media giants may not matter much since President Trump has used his personal account, @realDonaldTrump, for most of his tweeting even while president. And as a private citizen, President Trump will keep control of his account.

Both Facebook and Twitter said will also hand over other institutional handles – for the White House, vice president, and first lady of the United States – on inauguration day.

“In 2017, we worked with both the Obama Administration and incoming Trump Administration to make sure the transition of their Facebook and Instagram accounts was seamless on January 20th, and we expect to do the same here,” Facebook said in response to a question from Reuters.


Source: https://techstartups.com/2020/11/23/facebook-twitter-will-hand-potus-account-joe-biden-january-20-even-trump-doesnt-concede/

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