Steve O'Hear / TechCrunch:
London-based LabGenius, which uses AI and “robotic automation” for protein drug discovery, raises $10M Series A led by Lux Capital and Obvious Ventures — LabGenius, a London-based startup applying AI and “robotic automation” to protein drug discovery, has raised $10 million in Series A funding.
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Sunday, October 27, 2019
London-based LabGenius, which uses AI and "robotic automation" for protein drug discovery, raises $10M Series A led by Lux Capital and Obvious Ventures (Steve O'Hear/TechCrunch)
A health care algorithm offered less care to black patients
Care for some of the sickest Americans is decided in part by algorithm. New research shows that software guiding care for tens of millions of people systematically privileges white patients over black patients. Analysis of records from a major US hospital revealed that the algorithm used effectively let whites cut in line for special programs for patients with complex, chronic conditions such as diabetes or kidney problems.
The hospital, which the researchers didn’t identify but described as a “large academic hospital,” was one of many US health providers that employ algorithms to identify primary care patients with the most complex health needs. Such software is often tapped to recommend people for programs that offer extra support—including dedicated appointments and nursing teams—to people with a tangle of chronic conditions.
Researchers who dug through nearly 50,000 records discovered that the algorithm effectively low-balled the health needs of the hospital’s black patients. Using its output to help select patients for extra care favored white patients over black patients with the same health burden.
Zamna raises $5M to automate airport security checks between agencies using blockchain
Zamna — which uses a blockchain to securely share and verify data between airlines and travel authorities to check passenger identities — has raised a $5m seed funding round led by VC firms LocalGlobe and Oxford Capital, alongside Seedcamp, the London Co-Investment Fund (LCIF), Telefonica, and a number of angel investors.
Participation has also come from existing investor IAG (International Airlines Group), which is now its first commercial client. The company is also changed its name from VChain Technology to Zamna.
When VChain-now-Zamna first appeared, I must admit I was confused. Using blockchain to verify passenger data seemed like a hammer to crack a nut. But it turns out to have some surprisingly useful applications.
The idea is to use it to verify and connect the passenger data sets which are currently silo-ed between airlines, governments and security agencies. By doing this, says Zamna, you can reduce the need for manual or other checks by up to 90 percent. If that’s the case, then it’s quite a leap in efficiency.
In theory, as more passenger identities are verified digitally over time and shared securely between parties, using a blockchain in the middle to maintain data security and passenger privacy, the airport security process could become virtually seamless and allow passengers to sail through airports without needing physical documentation or repeated ID checks. Sounds good to me.
Zamna says its proprietary Advance Passenger Information (API) validation platform for biographic and biometric data, is already being deployed by some airlines and immigration authorities. It recently started working with Emirates Airline and the UAE’s General Directorate of Residency and Foreigners (GDRFA) to deliver check-in and transit checks.
Here’s how it works: Zamna’s platform is built on algorithms that check the accuracy of Advanced Passenger Information or biometric data, without having to share any of that data with third parties, because it attaches an anonymous token to the already verified data. Airlines, airports and governments can then access that secure, immutable and distributed network of validated tokens without having actually needing to ‘see’ the data an agency, or competing airline, holds. Zamna’s technology can then be used by any of these parties to validate passengers’ biographic and biometric data, using cryptography to check you are who you say you are.
So, what was wrong with the previous security measures in airports for airlines and border control that Zamna might be fixing?
Speaking to TechCrunch, Irra Ariella Khi, co-founder and CEO of Zamna, says: “There is a preconception that when you arrive at the airport somehow – as if by magic – the airline knows who you are, the security agencies know who you are, and the governments of departure and destination both know that you are flying between their countries and have established that it is both legitimate and secure for you to do so. You may even assume that the respective security authorities have exchanged some intelligence about you as a passenger, to establish that both you and your fellow passengers are safe to board the same plane.”
“However,” she says, “the reality is far from this. There is no easy and secure way for airlines and government agencies to share or cross-reference your data – which remains siloed (for valid data protection reasons). They must, therefore, repeat manual one-off data checks each time you travel. Even if you have provided your identity data and checked in advance, and if you travel from the same airport on the same airline many times over, you will find that you are still subject to the same one-off passenger processing (which you have probably already experienced many times before). Importantly, there is an ‘identity verification event’, whereby the airline must check both the document of identity which you carry, as well as establish that it belongs to your physical identity.”
There are three main trends in this space. Governments are demanding more accurate passenger data from airlines (for both departure and destination) – and increasing the regulatory fines imposed for incorrect data provided to them by the airlines. Secondly, Airlines also have to manage the repatriation of passengers and luggage if they are refused entry by a government due to incorrect data, which is costly. And thirdly, ETA (electronic transit authorizations, such as eVisas) are on the rise, and governments and airlines will need to satisfy themselves that a passenger’s data matches exactly that of their relevant ETA in order to establish that they have correct status to travel. This is the case with ESTAs for all US-bound travelers. Many other countries have similar requirements. Critically for UK travelers – this will also be the case for all passengers traveling into Europe under the incoming ETIAS regulations.
The upshot is that airlines are imposing increased document and identity checks at the airports – regardless of whether the passenger has been a regular flier, and irrespective of whether they have checked-in in advance.
Zamna’s data verification platform pulls together multiple stakeholders (airlines, governments, security agencies) with a way to validate and revalidate passenger identity and data (both biographic and biometric), and to securely establish data ownership – before passengers arrive at the airport.
It doesn’t require any new infrastructure at the airport, and none of these entities have to share data, because the ‘sharing without sharing’ is performed by Zamna’s blockchain platform in the middle of all the data sources.
Remus Brett, Partner at LocalGlobe, says: “With passenger numbers expected to double in the next 20 years, new technology-driven solutions are the only way airlines, airports and governments will be able to cope. We’re delighted to be working with the Zamna team and believe they can play a key role in addressing these challenges.” Dupsy Abiola, Global Head of Innovation at International Airlines Group, adds: “Zamna is working with IAG on a digital transformation project involving British Airways and the other IAG carriers. It’s very exciting.”
Zamna is a strategic partner to the International Air Transport Association (IATA) and an active member of IATA’s “One ID” working group.
Australian digital lending platform Athena Home Loans raises $70M Series C at a $230M valuation to expand into home loans after an initial focus on refinancing (Mary Ann Azevedo/Crunchbase News)
Mary Ann Azevedo / Crunchbase News:
Australian digital lending platform Athena Home Loans raises $70M Series C at a $230M valuation to expand into home loans after an initial focus on refinancing — Athena Home Loans, a fast-growing Australian fintech startup, has raised a $70 million Series C in its third round of funding in less than 18 months.
Jio's New Plans, Redmi Note 8 Pro Sale, and More Tech News This Week
Saturday, October 26, 2019
How Census Bureau is working with internet platforms to fight misinformation ahead of 2020 census and guide users to its site via searches and voice assistants (Associated Press)
Associated Press:
How Census Bureau is working with internet platforms to fight misinformation ahead of 2020 census and guide users to its site via searches and voice assistants — CHICAGO (AP) — Worried about internet trolls and foreign powers spreading false news, census officials are preparing …
Squarespace has acquired Unfold, a templates app for creating Stories on Instagram, Facebook, and Snapchat that has 9M MAUs, for an undisclosed sum (Natasha Mascarenhas/Crunchbase News)
Natasha Mascarenhas / Crunchbase News:
Squarespace has acquired Unfold, a templates app for creating Stories on Instagram, Facebook, and Snapchat that has 9M MAUs, for an undisclosed sum — Squarespace, a build-your-own website startup, has acquired social media app Unfold, used by a slew of celebrities including Kim Kardashian West …
Friday, October 25, 2019
TNPSC 2019 – CCSE-II (Interview Posts) Mains Result & Interview Schedule Announced
MPSC Answer Key 2019 – Excise SI First Key Released
SSC MTS Exam Date 2019 – Paper II Revised Exam Date Announced
MPSC Group C Main Answer Key 2019 – Excise SI First Answer Key Released
MPSC 2019 – Group C Excise SI First Answer Key Released
Tamil Nadu Forest Dept 2019 – Forest Watcher Final Answer Key Released
Belgium-based Vertical Compute, a memory chip firm spun out of European VC firm Imec.xpand, raised a €20M seed led by Imec.xpand (Dean Takahashi/VentureBeat)
Dean Takahashi / VentureBeat : Belgium-based Vertical Compute, a memory chip firm spun out of European VC firm Imec.xpand, raised a €20M ...
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Jake Offenhartz / Gothamist : Since October, the NYPD has deployed a quadruped robot called Spot to a handful of crime scenes and hostage...
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Lorena O'Neil / Rolling Stone : A look at the years of warnings about AI from researchers, including several women of color, who say ...