Silicon Valley accelerator Y Combinator held the second Demo Day for its Summer 2024 cohort on Thursday, and similar to we noticed on Day 1, AI stays the main target of most startups on this cohort.
However, we did additionally discover just a few attention-grabbing startups which are engaged on cool tech like drones that may’t be jammed, carpooling for freight, and climate prediction.
Here are the businesses that stood out:
What it does: Detects errors in engineering tasks, proposes options and might even implement them itself
Why it’s a favorite: I used to be intrigued when Entangl stated it has talked to Amazon CEO Andy Jassy about automating knowledge middle verification. The indisputable fact that the startup already has offers with AWS and Vodafone is a giant plus.
What it does: Energy-efficient chips for AI
Why it’s a favorite: One of the issues with AI is that it consumes a ton of power. Early assessments of Exa’s chips present that they’re practically 28 occasions extra environment friendly than NVIDIA’s H100s. What’s higher, these chips can adapt to totally different fashions — you simply have to configure them with software program. Exa hopes to have them prepared for utilization by early 2025.
What it does: Developing an autoimmune remedy that kills most cancers
Why it’s a favorite: Keytruda and different autoimmune medicine have been a game-changer for a lot of most cancers sufferers, however there’s nonetheless a protracted method to go. Kopra Bio is engaged on a drug that would change that. In early assessments on animals, most have been nonetheless alive after 250 days, whereas animals on an FDA-approved drug died in simply 50 days. If the drug works the identical means in people, it could possibly be an enormous breakthrough for survival.
What it does: AI bookkeeper for startups
Why it’s a favorite: LedgerUp’s AI guarantees to make bookkeeping simpler for companies. It can categorize transactions, discover reductions and credit that you might have missed, handle invoices, and even handle taxes. I hope bookkeeping turns into a job no person will miss.
What it does: Offers a collection of productiveness apps for rising organizations
Why it’s a favorite: Wayne Crosby, OrgOrg’s founder, says that his firm may also help companies streamline their app utilization. While many companies could also be able to consolidate their app distributors, what caught my eye about OrgOrg was Crosby’s background: The three-time founder took his first firm by YC all the way in which again in 2007 and later bought it to Google, the place it turned Google Slides. This expertise is certain to draw investor curiosity.
What it does: Carpooling for freight
Why it’s a favorite: I’m a giant fan of Uber Pool, so I used to be excited to find out about Oway. The startup lets small companies share truck house and get monetary savings on delivery — ridesharing for freight, primarily. It’s sooner and cheaper — what’s to not like about this?
What it does: Foundational mannequin for predicting the climate
Why it’s a favorite: Silurian’s founders beforehand helped construct one of many world’s most correct climate forecasting fashions: Microsoft Research’s Aurora. But 4 months in the past, they left the tech large to construct their very own climate prediction engine, which they declare is a good higher prognosticator than Aurora — the corporate is constructing foundational fashions for simulating your entire planet, they usually’re concentrating on climate first.
What it does: Develops unjammable drones
Why it’s a favorite: Drones have modified the sport in warfare. They can spy on the enemy in real-time and might even hit targets with pinpoint accuracy, all whereas decreasing the necessity to put pilots in danger. But there’s a catch: there are various methods to jam drones, which makes them ineffective. This has been a giant drawback within the Russia-Ukraine conflict. Theseus claims that its drones can dodge jamming, even when the opponent is Russia.
What it does: Reduces congestion and accidents with good site visitors lights
Why it’s a favorite: Controlling site visitors lights with AI seems like the right software of this expertise. Xtraffic says that it’s already doing it…
