The Crunchbase Unicorn Board welcomed ten fresh faces in May 2023, doubling April's count, yet trailing behind May 2022's substantial total of 34. These new unicorns were unveiled in an investment climate where leading unicorn investor, [Tiger Global](https://www.crunchbase.com/organization/tiger-global), contemplates offloading its private company stakes as unicorn portfolio evaluations continue to be revised downwards.

![](img/знімок-екрана-2023-06-18-о-20.05.57.png)

Of the ten additions, nine different industries are represented with AI claiming two spots at the top. The remaining unicorns each represent a distinct sector, including energy, biotech, robotics, enterprise SaaS, and transportation.

Half of the new unicorns originated from the U.S., with two emerging from China, while Canada, Indonesia, and Japan each contributed one. The month of May saw $5 billion of the total $22 billion global venture funding allocated to these unicorn companies, which is less than half of the $11 billion acquired by unicorns in May 2022. 

![](img/знімок-екрана-2023-06-18-о-20.06.14.png)

The biggest funding for the month was secured by [Shein](https://www.sheincorp.cn/), a fast-fashion e-commerce platform, raising $2 billion in one round at a decreased valuation of $66 billion.

***Here are the newcomers:***

## AI 

Toronto's [Cohere](cohere.com), an AI-based large language model creator for enterprises, raised $270 million in its Series C funding round, led by [Inovia Capital](https://www.inovia.vc/). This has valued the 4-year-old company at $2.2 billion. 

New York's [Runway](https://runwayml.com/), an AI firm specializing in generative video, secured $100 million in a Series D round led by [Google](https://thecymes.com/article/googles-bard-chatbot-made-a-factual-error-during-its-first-demo-the-mistake-cost-the-company-100-billion), achieving a valuation of $1.5 billion.

Another notable AI startup that warrants attention is IDvizer, a facial recognition technology provider striving to revolutionize business security solutions. Their latest offering, IDvizer's Fastest Face ID, is a B2B identity recognition platform that verifies end-users in less than a second, irrespective of the device in use. This product has made waves in the AI industry for its innovative approach to security and its ability to deliver unique user experiences across various fields. [Learn more about IDvizer and its Fastest Face ID in our previous article](https://thecymes.com/article/a-brand-new-way-for-businesses-to-verify-users-idvizer-builds-the-fastest-face-id).

## Energy 

[Ryefield Energy](https://www.fox-ess.com.cn/), a China-based battery energy storage firm, raised $140 million led by [Sparkedge Capital](https://www.crunchbase.com/organization/sparkedge-capital), reaching a valuation of $1.4 billion.

## Agtech 

[eFishery](http://efishery.com/), an Indonesia-based developer of IoT feeding devices and an e-commerce platform for aquafarmers, raised $108 million in a Series D round led by Abu Dhabi PE fund [G42 Expansion Fund](https://www.42xfund.com/), reaching a valuation of $1.3 billion.

## Cleantech 

Gradiant from Massachusetts, a company dedicated to aiding water-dependent enterprises in wastewater reduction and treatment, secured $225 million in a Series D round led by BoltRock Holdings and Centaurus Capital, thereby valuing the company at $1 billion.

## Enterprise SaaS 

Restaurant365, an Irvine, California-based restaurant management software firm, secured $135 million, hitting the $1 billion valuation mark. The funding round was led by private equity firms Kohlberg Kravis Roberts and L Catterton.

## Proptech 

New York-based Avenue One, a proptech firm providing a comprehensive service platform for rental property buyers, raised $100 million led by WestCap. This round valued the company at $1 billion.

## Transportation 

GO, Tokyo's premier ride-hailing app, secured $72 million in a Series D round led by Goldman Sachs, which valued the company at $1 billion.

## Robotics 

Zhiyuan Robotics, a Shanghai-based humanoid robot developer, raised a funding round led by Baidu Capital, achieving a $1 billion valuation. The exact amount raised remains undisclosed.

## Biotech 

Chicago's VectorBuilder, a firm specializing in gene delivery technology, completed a funding round that saw the company reach a valuation of $1 billion.

Correction: Cohere's funding round has been updated to $270 million and its valuation to $2.2 billion based on an updated funding announcement.

[The Crunchbase Unicorn Board](https://www.crunchbase.com/lists/exited-unicorns/9436a996-90a9-40bc-91c0-a7d239de07f1/organization.companies) is a curated list of privately-held unicorn companies valued at $1 billion or more, based on Crunchbase data. Additions are made as companies hit the $1 billion mark during funding rounds. Internal company valuations are not reflected, as these often differ and are usually lower than a priced funding round. Adjustments are not made for investor writedowns, which vary quarterly, as different investors may not consistently value the same company within the same quarter.

Please note that all funding values are in U.S. dollars unless specified otherwise. Foreign currency transactions are converted at the historic spot price even if they were added to Crunchbase long after the event was announced.

Illustration: Dom Guzman\
Photo by [Alex Rybin](https://unsplash.com/@alexrybin?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText) on [Unsplash](https://unsplash.com/images/animals/unicorn?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText)\
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*Note: The information provided in this article is sourced from Crunchbase News, and presents an analysis of the emerging unicorns and investment trends in May 2023*

 Explore the dynamic shift in the unicorn landscape in May 2023, featuring an increase in AI startups, fluctuating venture funding trends, and diverse industry representation. Get detailed insights into the new unicorns' origin, industry, and valuation.

May 2023 Unicorn Expansion | AI Dominance & Global Venture Funding Insights

May's Double-Digit Unicorn Growth Highlights Two AI Players

## Introduction

In the fast-paced world of psychotherapy, time is a precious resource. Unfortunately, many psychotherapists find themselves spending a significant portion of their business hours on routine tasks rather than focusing on their clients. Measurme, an innovative web application powered by artificial intelligence (AI), aims to change that. By automating non-essential actions and streamlining administrative processes, Measurme revolutionizes the way psychotherapists manage their practices, allowing them to reclaim their time and provide more effective care to their patients.

## Streamlining Workflow

![Image from measurme.com](img/how-it-works-.png "Image from measurme.com")

Image from [measurme.com](https://measurme.com/uk/)\
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One of the biggest challenges faced by psychotherapists is the amount of time spent on processing questionnaires, managing communication channels, and handling paperwork. Measurme addresses these challenges by providing a user-friendly interface that allows therapists to easily input patient information, notes from sessions, and hometasks. Additionally, Measurme enables therapists to send questionnaires to patients and collect results, automating the process and eliminating the need for manual data entry. The application also provides personalized recommendations and reminders to therapists, ensuring a streamlined treatment process.

## The Market Potential

The need for Measurme's services is evident in the global psychotherapy market. With over 600,000 psychotherapists in Europe alone, there is a significant demand for tools and technologies that can improve efficiency and enhance patient care. The global behavioral/mental health software market was valued at $1.5 billion in 2020 and is projected to reach $2.6 billion by 2025, indicating a growing market with immense potential. Measurme aims to capture a substantial share of this market, targeting psychotherapists in the EU, Ukraine, UK, Canada, US, Brazil, Chile, Japan, and Australia.

## Features and Benefits

Measurme provides a comprehensive set of tools specifically designed for psychotherapy practices. The application offers features such as calendar management, metrics and scales collection and analysis, personalized questionnaires, automated notes collection, AI-driven recommendations and reminders, and a knowledge base. These features empower psychotherapists to effectively manage their practices, improve patient outcomes, and reduce administrative burdens. Measurme's pricing model is flexible, offering both free and paid options, with a SaaS (Software-as-a-Service) structure or a transactional model with a fee from sessions for psychological centers.

## Business Model and Expansion Plans

![Image from measurme.com](img/b2b-model-.png "Image from measurme.com")

Image from [measurme.com](https://measurme.com/uk/)\
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Measurme adopts a business-to-business (B2B) model with outbound marketing strategies targeting psychotherapists, their business unions, and associations. The company employs various sales channels, including direct sales, participation in Cognitive Behavioral Therapy (CBT) conferences, word-of-mouth marketing, and engagement with professional associations and public health agencies. Measurme has already released a minimum viable product (MVP) for individual psychotherapists and has received positive feedback from pre-registered psychotherapists in Ukraine, Poland, Spain, Canada, US, Hong Kong, UK, and Brazil. The company's future goals include expanding its services to Polish, Brazilian, and Canadian markets and further enhancing its features and capabilities.

## The Team Behind Measurme

Measurme boasts a dedicated team of professionals with diverse expertise. The co-founders, including CEO Nazar Burban, bring years of experience in management, software development, and successful B2B sales. The team is further strengthened by advisors, including seasoned psychotherapists, tech leads, and industry experts, who provide valuable insights and guidance.

## Looking Ahead

![Image from measurme.com](img/next-goals.png "Image from measurme.com")

Image from [measurme.com](https://measurme.com/uk/)\
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Measurme is actively seeking investments to fuel its growth and expansion plans. With a strategic focus on operational efficiency, marketing efforts, and research and development, Measurme aims to solidify its position in the psychotherapy software market. The company is also seeking market contacts and partnerships in Canada, Brazil, and the European Union to accelerate its global reach.

## Conclusion

Measurme's revolutionary web application presents a game-changing solution for psychotherapists worldwide. By leveraging AI technology to automate routine tasks and streamline administrative processes, Measurme empowers psychotherapists to enhance their productivity, improve patient care, and reclaim valuable time. With its comprehensive features, flexible pricing models, and a strong team driving its growth, Measurme is poised to make a significant impact in the psychotherapy industry, revolutionizing the way therapists manage their practices and ultimately benefiting both therapists and their patients.

Discover how Measurme, the AI-powered assistant for psychotherapists, is revolutionizing the field of psychotherapy. Streamline workflow, improve efficiency, and enhance patient care with this innovative web application.

Revolution in Psychotherapy: How Measurme, the AI-Powered Assistant, is Changing the Game

## Introduction

Tap to pay in Ukraine is revolutionizing the way businesses accept payments. This innovative feature allows users to accept payments using their iPhones as a payment terminal, eliminating the need for additional hardware or software. Supported by PrivatBank, the largest bank in Ukraine, through its Terminal app, tap to pay in Ukraine is transforming the payment landscape for small merchants, large retailers, and independent sellers. In this article, we will explore how this feature works, its benefits for businesses and customers, and its compatibility for both in-store and online purchases.

## How to Set Up Tap to Pay in Ukraine

![Image By FreePik](img/set-up-tap-to-pay.jpg "Image By FreePik")

Image By *FreePik*\
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To take advantage of tap to pay in Ukraine, you'll need an iPhone XS or a newer model and a PrivatBank account. Setting up the feature is a straightforward process:

1. Download the Terminal app from the App Store and log in with your PrivatBank credentials.
2. Navigate to the Settings tab and select Tap to Pay on iPhone.
3. Follow the instructions to activate the feature and set up your PIN code.

## Accepting Payments with Tap to Pay

Once you've set up tap to pay on your iPhone, accepting payments is simple:

1. Open the Terminal app and enter the amount and description of the sale.
2. Tap on Charge and choose Tap to Pay on iPhone as the payment method.
3. Instruct your customer to hold their card or device against the back of your iPhone until they hear a beep.
4. Confirm the payment and issue a receipt if necessary.

## Benefits of Tap to Pay in Ukraine

![Image By FreePik](img/benefits-of-tap-to-pay.jpg "Image By FreePik")

Image By *FreePik*\
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Tap to pay in Ukraine offers numerous advantages for businesses and customers alike:

Convenience: With tap to pay, customers can complete transactions quickly by simply tapping their card or mobile phone. There's no need to enter a PIN or sign a receipt, saving time and effort.

Security: Tap to pay transactions are protected against fraudulent activities, providing peace of mind for both businesses and customers. Additionally, retailers no longer have access to customers' credit card information, enhancing data security.

Innovation: By utilizing their iPhones as payment terminals, businesses can accept payments from various platforms, including Apple Pay, contactless credit and debit cards, and other digital wallets. This compatibility promotes innovation and caters to diverse customer preferences.

Efficiency: Tap to pay streamlines payment processes, reducing the costs associated with traditional POS terminals. The Terminal app also enables businesses to record cash transactions, generate fiscalized receipts, and transmit information to tax authorities, increasing operational efficiency.

Inclusion: Embracing tap to pay allows businesses to cater to customer preferences for contactless payments, fostering satisfaction, loyalty, and repeat business. Accepting payments from different platforms and regions also expands market reach, attracting a broader customer base.

## Tap to Pay for In-Store and Online Purchases

Tap to pay is primarily used for in-store purchases. However, some online merchants also accept it as a payment option. To utilize tap to pay for online purchases, follow these steps:
1. Ensure you have a digital wallet app that supports NFC payments, such as Apple Pay, Google Pay, Samsung Pay, or PayPal.
2. Check if the online merchant displays the NFC symbol or the logo of your digital wallet app on their checkout page.
3. If the symbol or logo is present, select tap to pay as the payment method and follow the instructions to complete the transaction.
4. Depending on the requirements, you may need to verify your identity through your fingerprint, PIN, or iris scan.

## Conclusion

Tap to pay in Ukraine is revolutionizing the way businesses accept payments, offering convenience, security, innovation, efficiency, and inclusion. By leveraging their iPhones as payment terminals, businesses can streamline their processes and provide customers with a seamless payment experience. Whether for in-store or online purchases, tap to pay is a fast and secure solution that eliminates the need for card details or passwords, making transactions effortless and secure for all parties involved.

Discover the convenience and security of tap to pay in Ukraine. Learn how this innovative feature allows users to accept payments using their iPhones as payment terminals. Find out how to set it up and the benefits it offers for businesses and customers. Explore tap to pay for both in-store and online purchases.

Tap to Pay in Ukraine: A Convenient and Secure Payment Solution

## **Introduction**

Volkswagen, a renowned automotive manufacturer, is leading the charge in electric vehicle (EV) technology by harnessing the power of artificial intelligence (AI) and 3D printing. In collaboration with the University of Tennessee and the Oak Ridge National Laboratory, Volkswagen's researchers have developed a groundbreaking lightweight composite material that has the potential to revolutionize battery protection in electric vehicles. This innovative approach not only enhances efficiency and sustainability but also showcases the immense potential of AI in material science and manufacturing processes.

## **Revolutionizing Battery Protection with AI and 3D Printing**

![Photo from kjpargeter on FreePik](img/ai-and-3d-printing "Photo from kjpargeter on FreePik")

P﻿hoto from *kjpargeter* on *FreePik*\
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The interdisciplinary team of Volkswagen researchers turned to AI and 3D printing to devise an ingenious solution for EV battery protection. By leveraging the resources of the University of Tennessee and the Oak Ridge National Laboratory, they successfully developed a lightweight composite material based on a modular repeating structure of tiny pyramid shapes. This novel material boasts exceptional strength, with the ability to hold 30,000 times its own weight while surpassing the energy absorption capabilities of steel. Moreover, by replacing heavy steel frames with this lightweight composite, Volkswagen achieves a remarkable 60 percent reduction in weight, resulting in improved vehicle efficiency and increased range.

## **The Role of 3D Printing in Prototyping**

To bring their vision to life, the Volkswagen researchers employed 3D printing to create prototypes of the lightweight composite material. This additive manufacturing technique allowed for precise and intricate constructions, enabling the realization of complex pyramid-shaped structures that form the basis of the composite material. Through iterative prototyping, the researchers refined the design, ensuring optimal performance and functionality.

## **Future Prospects for Mass Production**

![Photo from rawpixel.com on FreePik](img/future-prospects "Photo from rawpixel.com on FreePik")

P﻿hoto from *rawpixel.com* on *FreePik*\
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While 3D printing proves invaluable for prototyping, the researchers aim to find viable solutions for mass production. Volkswagen envisions utilizing injection molding or compression molding techniques in the future. These processes are commonly employed in large-scale manufacturing, offering the potential for cost-effective and efficient production of the lightweight composite material. By overcoming the challenges associated with mass production, Volkswagen aims to integrate this innovative material into its EV lineup, further enhancing the efficiency and sustainability of their vehicles.

## **The Promising Intersection of AI and Material Science**

The successful collaboration between Volkswagen researchers, AI, and material science exemplifies the potential for transformative advancements in various industries. AI plays a pivotal role in material science, offering several avenues for progress and innovation:

1. **Predicting Material Properties**: AI-driven models can analyze existing experimental and computational data to accurately predict material properties. This reduces the time and cost associated with traditional testing and screening methods.
2. **Designing De Novo Materials**: Generative models enable the creation of novel structures and compositions that optimize specific objectives or constraints. This opens up possibilities for discovering entirely new materials that were previously inaccessible.
3. **Uncovering New Mechanisms and Phenomena**: Explainable AI models help unravel the underlying physical and chemical principles governing materials. This deepens our understanding and inspires novel design strategies.

## **Harnessing the Power of AI and Material Science**

![Photo from FreePik](img/power-of-ai "Photo from FreePik")

P﻿hoto from *FreePik*\
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The future of AI and material science holds immense promise, with numerous potential scenarios awaiting exploration:

1. **Creation of Smart Materials**: AI can facilitate the development of materials that possess self-healing properties, shape-shifting capabilities, or programmable responses to environmental stimuli.
2. **Exploration of New Material Domains**: AI can accelerate breakthroughs in domains such as quantum materials, nanomaterials, and biomimetic materials, paving the way for innovation across various industries.
3. **Advancement of Green Materials**: AI can contribute to the development of environmentally friendly materials, including biodegradable plastics, carbon capture materials, and renewable energy materials, reducing the impact of human activities on the environment.
4. **Collaboration and Communication**: AI acts as a catalyst for collaboration and communication among stakeholders involved in material design, fostering innovation and streamlining processes.

## **Ensuring Ethical Use of AI in Material Science**

While AI brings immense potential, it is crucial to ensure its ethical use in material science. Several measures can be implemented to promote responsible and transparent practices:

1. **Development of Ethical Guidelines**: Establishing ethical principles and guidelines, such as UNESCO's Recommendation on the Ethics of Artificial Intelligence, provides a global framework for protecting human rights, advancing fundamental values, and guiding policy actions.
2. **Transparency and Accountability**: Ensuring transparency and accountability of AI systems and processes within material science, including disclosure of AI usage in scientific manuscripts and mechanisms for monitoring, auditing, and rectifying any harm or errors caused.
3. **Fairness and Inclusivity**: Mitigating biases and discrimination in data, algorithms, and applications while fostering diversity and inclusivity in the design and development of AI systems to address potential social justice and human dignity concerns.
4. **Innovation and Sustainability**: Encouraging the responsible exploration of new domains and phenomena, supporting the development of green materials and processes, and striking a balance between AI's benefits and risks for the environment and ecosystems.

## **Conclusion**

Volkswagen's utilization of AI and 3D printing to innovate lightweight composite materials for EV battery protection exemplifies the company's commitment to enhancing efficiency and sustainability in the automotive industry. Through their collaboration with the University of Tennessee and the Oak Ridge National Laboratory, Volkswagen researchers have successfully developed a lightweight composite material based on a modular repeating structure of tiny pyramid shapes. This material surpasses steel in energy absorption while reducing weight by 60 percent. The integration of AI and 3D printing in the prototyping process has enabled Volkswagen to refine the design and explore possibilities for mass production using techniques such as injection molding or compression molding.

The convergence of AI and material science holds tremendous potential for future advancements. AI can aid in predicting material properties, designing novel materials, and uncovering new mechanisms and phenomena. This opens up avenues for the creation of smart materials, exploration of new material domains, development of green materials, and improved collaboration among stakeholders. However, the ethical use of AI in material science must be prioritized to ensure transparency, accountability, fairness, and sustainability.

Volkswagen's innovative approach exemplifies the transformative power of AI and material science, paving the way for advancements in electric vehicle technology and beyond. By harnessing the potential of these technologies, Volkswagen is driving the automotive industry towards a more efficient and sustainable future.

Discover how Volkswagen researchers are leveraging AI and 3D printing to revolutionize electric vehicle battery protection. Learn about their lightweight composite material that surpasses steel in energy absorption while reducing weight by 60%. Explore the future prospects of AI in material science and the ethical considerations surrounding its use.

Volkswagen's Innovative Approach: AI and 3D Printing Revolutionize Electric Vehicle Battery Protection

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