• Upside
  • Posts
  • Issue #12: CharacterX has Entered the Chat

Issue #12: CharacterX has Entered the Chat

Social networking is being redefined

Author

Upside Team
January 18, 2024

Good morning. This week we're traveling all over the world, from Northern California social networks to Entrepreneurial Education in Singapore back to Canada for some precious metals. Plus, we’ll also learn how one company bit off a little too much to chew… Let’s dive right in!

Spotlight

Standford Startup, CharacterX, Enters The Chat With $2.8M in Seeding


CharacterX, a trailblazing venture emerging from Stanford, is redefining the realm of social networking by merging advanced artificial general intelligence (AGI) with blockchain technology. This innovative blend is not only a leap in social networking platforms but also a significant stride in AI and blockchain integration. CharacterX is diligently constructing a sophisticated multi-modal AI architecture, capable of processing and outputting multi-sensory data, including immersive 3D and augmented reality experiences. This cutting-edge approach, supported by a robust next-generation computational platform, promises to transform how users interact and experience social networks, shifting from the traditional text and image-based engagements to more dynamic, immersive, and interactive digital interactions.

The $2.8 million raised in seed funding is a testament to the potential impact CharacterX could have on the digital landscape. As it continues to evolve, CharacterX is poised to not only disrupt the current social networking paradigm but also to pave the way for more integrated, immersive, and personalized online experiences. In the future, CharacterX could become a hub for not just social interactions but also for a range of virtual experiences, blending daily social activities with enhanced realities. Its potential applications range from revolutionizing online social interaction to creating new opportunities in digital marketing, entertainment, and education, all while ensuring user privacy and data security through its blockchain foundation. This positions CharacterX at the cusp of spearheading a new era of digital communication, where the boundaries between the virtual and the real continue to blur.


Quick Bites

Rune Labs Raised $12M For Strategic Acquisition (Business Wire).

Rune Labs, founded in 2018 and based in San Francisco, California, stands at the forefront of neurological healthcare innovation with its software and data platform, designed to advance neuromodulation and brain therapies. Their cutting-edge, cloud-based software-as-a-service platform not only optimizes the management of complex therapies but also maximizes the utility of data from both existing and emerging neuromodulation systems, paving the way for more effective, personalized treatments and transformative impacts in the field of neurology.

Prometeo Api Racks In $13M In Series A

Prometeo Api has raised $13 million in Series A funding to expand its revolutionary single API, which offers seamless connectivity to 283 financial institutions across 10 Latin American countries. By providing access to banking information and facilitating account-to-account payments through its expansive network of 368 APIs, Prometeo is not just simplifying financial transactions but also pioneering an open and connected financial future in the region, making them a key player in the evolving landscape of global fintech.

Genuis Group Secures $8.25M Post-IPO

Genius Group is revolutionizing the educational landscape with its comprehensive, future-focused entrepreneur education system, spanning from early learning to corporate training. With a significant post-IPO raise of $8.25 million, the company is set to make a substantial impact on education worldwide, offering a progressive, integrated learning approach that prepares individuals for the entrepreneurial challenges of the future. Ticker: “GNS”

Canada Nickel Company Raises $18.5M Post-IPO

Canada Nickel is embarking on nickel exploration, focusing on discovering and developing nickel sulfide assets for critical industries like electric vehicles, green energy, and stainless steel. With its recent post-IPO funding boost of $18.5 million, the company is not only poised to supply essential materials for these burgeoning markets but also committed to pioneering zero-carbon production methods through its Crawford Project and NetZero Metals Inc., setting a new standard for environmental responsibility in the mining sector. Ticker: “CNC”

Startup Shutdown Of The Day :(

Troika Media Rides Too High, Crashes Into Default

Troika Media Group, an advertising firm, faced a twist of fate as it filed for bankruptcy after failing to manage debt from a $125 million acquisition of Converge Direct. With Blue Torch Finance stepping in, offering an $11 million loan to support the bankruptcy process and asset exchange, the situation reads like a corporate drama. CEO changes, business closures, and a boardroom ousting added to the mix, turning their story into a cautionary tale of ambitious expansion, fierce competition, and financial missteps in the high-stakes world of advertising and marketing. (WSJ)

What did you think of today's email?

Your feedback helps us create better emails for you!

Login or Subscribe to participate in polls.