# The Spotify layoff letter, a new AI model from Alibaba, and a Boston VC firm abruptly shuts down

and

StrictlyVC

December 6, 2023

[Funding](https://www.ketryx.com/learn/blog?tag=funding)

## Table of Contents

[Section link](https://www.ketryx.com/blog/the-spotify-layoff-letter-a-new-ai-model-from-alibaba-and-a-boston-vc-firm-abruptly-shuts-down#)

[_This article originally appeared in StrictlyVC News on December 6, 2024._](https://preview.mailerlite.com/w1b0b9p2s2/2363759361152522359/w9g9/)

**EnCharge AI**, a one-year-old startup based in Santa Clara, Ca., that says it is developing AI-accelerating chips to make AI more accessible, affordable, and energy-efficient than traditional AI hardware, raised a $22.6 million round led by **VentureTech Alliance**, with **RTX Ventures, ACVC Partners, Anzu Partners**, and **Schams Ventures** also pitching in. The company has raised a total of $45 million. TechCrunch has [more here](https://click.mailerlite.com/link/c/YT0yMzYzNzU5MzYxMTUyNTIyMzU5JmM9dzlnOSZiPTEyNTIxMTAzMjcmZD15OWgzaDRs.i_plIxKPfxHilTwBB7R_BM_pjL8q7qusHm7-VEoSbjs).

**Ketryx**, a two-year-old startup based in Somerville, Ma., that claims to help medical software developers build faster and easier with automation, organization, and seamless integration, raised a $14 million Series A round led by **Lightspeed Venture Partners** and including previous investors **MIT E14 Fund** and **Ubiquity Ventures**. The company has raised a total of $18 million. SiliconANGLE has [more here](https://click.mailerlite.com/link/c/YT0yMzYzNzU5MzYxMTUyNTIyMzU5JmM9dzlnOSZiPTEyNTIxMTAzMjgmZD1pMnY2djlt.zbkfsdvUaVyLzKkhTQX_K-xPcJRqb8gnnR8CTyfdd08).

**Kyron Learning**, a one-year-old startup based in Vienna, Va., that uses "conversational AI" to create personalized learning experiences for kids, especially in math, raised a $14.6 million Series A round led by **Global Silicon Valley Ventures**, with **Owl Ventures, ECMC Group Education Impact Fund, Common Sense Growth Fund, Charter School Growth Fund, Cambiar Education, LearnerStudio, Imagine Learning**, and **Array Education** also chipping in. TechCrunch has [more here](https://click.mailerlite.com/link/c/YT0yMzYzNzU5MzYxMTUyNTIyMzU5JmM9dzlnOSZiPTEyNTIxMTAzMjkmZD1zNGM0bTdy.M0fRWUQRcKwUU3hpfxQreDRZ7RIBv_GddSGGq3n2AKA).

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[Read the full article](https://preview.mailerlite.com/w1b0b9p2s2/2363759361152522359/w9g9/)

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