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Data visualization startup Virtualitics lands $37M investment on August 10, 2023 at 5:22 pm

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Many companies grapple with data challenges. In a 2019 survey, Deloitte reports that 67% of executives aren’t comfortable accessing or using the data at their organizations. In a separate poll from NewVantage Partners, meanwhile, less than a third of firms identify themselves as being data-driven — despite significant investments in AI and business analytics tools.

According to Michael Amori, the problem often lies in tooling. He’s the co-founder of Virtualitics, a startup developing software to help companies visualize — and gain insights, with any luck — from their data.

“Common dashboard tools fall short of revealing the hidden insights buried in today’s intricate data,” Amori told me in an email interview. “And when bias, privacy and ethics are becoming even more important, having a solid understanding the data, outliers and patterns companies can create an environment of responsible usage.”

Virtualitics, launched in 2016, was born out of Caltech and NASA’s Jet Propulsion Lab in Pasadena. A few years ago, Amori was introduced to George Djorgovski, a professor of astronomy and data science at Caltech, and Ciro Donalek, a computational staff scientist at Caltech’s Center for Data-Driven Discovery, which Djorgovski was heading at the time.

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“Donalek’s expertise in AI, particularly in aiding Caltech astronomers with big data analysis, and his work in creating collaborative virtual spaces converged,” Amori said. “Virtualitics was born from this, focusing on three-dimensional visualizations to elevate data analysis beyond traditional methods.”

At a high level, Virtualitics uses 3D visualizations, knowledge graphs and AI to expose the relationships between different points of data. Given a data set (or several), optionally along with a question in plain English (e.g. “What drives credit card skimming?”), the platform can generate annotations and explanations, which can then be embedded in reports and dashboards and shared with stakeholders across an organization.

A customer in the financial industry could, for example, use Virtualitics to spot patterns of payment and wire fraud. Or a marketing company could leverage the platform to identify emerging customer segments and the marketing channels most likely to perform best.

But plenty of business intelligence tools visualize data. See Bayes, which Airtable acquired in 2021, and London-based, Canva-owned Flourish.

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So what makes Virtualitics different? Well, its data visualizations can be viewed in VR and AR, for one. But Amori argues the platform’s also simpler to use and more powerful than most solutions on the market — and, perhaps most important of all, doesn’t require deep technical expertise.

Virtualitics’ 3D-centric data visualization platform.

“Traditional data exploration tools have limited capabilities in identifying and visualizing the complexity of today’s data,” he said. “Also, traditional analytic techniques and dashboards fall short in providing visually intuitive outputs, making it hard to truly understand what the findings mean or predict what lies ahead. All of this is combined with the fact that humans approach a data set already with a bias, a preconceived notion of what might be going on in the data and then they explore the data to see if their hypothesis was correct.”

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The jury’s out on all that. But it’s certainly true that companies often struggle to drive internal use of whatever business intelligence software they’ve invested in.

In a 2020 business intelligence survey from 360Suite, companies said that the main challenges they face are managing user adoption and data quality control. Cost control and security were cited as the other major blockers in achieving data analytics goals.

“While Virtualitics may occasionally find itself categorized alongside business intelligence tools, our approach is substantially different,” Amori said. “Traditional business intelligence tools are built to ‘report the news,’ with the aim of making data more accessible through simple dashboard reports.”

In a testament to Virtualitics’ success — or at least the strength of its marketing efforts — the company’s year-over-year revenue has increased 370%. Amori credits Virtualitics’ recently-acquired government sector customers, which include the Department of Defense, with the growth.

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Virtualitics has partnered with the defense and national security community since 2017 on projects ranging from operational readiness, investment analysis and mission support and intelligence analysis, among others,” Amori said, noting that Virtualitics recently appointed a retired U.S. Army General, John Murray, and former U.S. Navy Vice Admiral, Timothy White, to its advisory board.

Gearing up for the next phase of expansion, Virtualitics today announced that it raised $37 million in a Series C funding round led by Smith Point Capital with participation from Citi and advisory clients of The Hillman Company. Bringing the startup’s total raised to $67 million, Amori says that the new cash will be put toward collaborations, customer success efforts and expanding Virtualitics’ headcount (which currently stands at 76 people).

“The motivation behind raising a Series C funding round was driven by two key factors,” Amori said. “First, our company has a strong track record of successfully collaborating with the Department of Defense on mission-critical programs, and this aspect of our business continues to experience significant growth and expansion. However, we also recognize the increasing demand for AI-driven analysis within the enterprise sector, as data size and complexity continue to grow exponentially. With the new funding, we will be able to accelerate our roadmap, integrating more AI and specifically generative AI technology into our platform, and further scaling our business to meet the evolving needs of our customers and the market.”

​ Many companies grapple with data challenges. In a 2019 survey, Deloitte reports that 67% of executives aren’t comfortable accessing or using the data at their organizations. In a separate poll from NewVantage Partners, meanwhile, less than a third of firms identify themselves as being data-driven — despite significant investments in AI and business analytics tools. 

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Netanyahu’s UN Speech Triggers Diplomatic Walkouts and Mass Protests

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What Happened at the United Nations

On Friday, Israeli Prime Minister Benjamin Netanyahu addressed the United Nations General Assembly in New York City, defending Israel’s ongoing military operations in Gaza. As he spoke, more than 100 delegates from over 50 countries stood up and left the chamber—a rare and significant diplomatic walkout. Outside the UN, thousands of protesters gathered to voice opposition to Netanyahu’s policies and call for accountability, including some who labeled him a war criminal. The protest included activists from Palestinian and Jewish groups, along with international allies.

Why Did Delegates and Protesters Walk Out?

The walkouts and protests were a response to Israel’s continued offensive in Gaza, which has resulted in widespread destruction and a significant humanitarian crisis. Many countries and individuals have accused Israel of excessive use of force, and some international prosecutors have suggested Netanyahu should face investigation by the International Criminal Court for war crimes, including claims that starvation was used as a weapon against civilians. At the same time, a record number of nations—over 150—recently recognized the State of Palestine, leaving the United States as the only permanent UN Security Council member not to join them.

International Reaction and Significance

The diplomatic walkouts and street protests demonstrate increasing global concern over the situation in Gaza and growing support for Palestinian statehood. Several world leaders, including Colombia’s President Gustavo Petro, showed visible solidarity with protesters. Petro called for international intervention and, controversially, for US troops not to follow orders he viewed as supporting ongoing conflict. The US later revoked Petro’s visa over his role in the protests, which he argued was evidence of a declining respect for international law.

BILATERAL MEETING WITH THE PRIME MINISTER OF ISRAEL Photo credit: Matty STERN/U.S. Embassy Jerusalem

Why Is This News Important?

The Gaza conflict is one of the world’s most contentious and closely-watched issues. It has drawn strong feelings and differing opinions from governments, activists, and ordinary people worldwide. The United Nations, as an international organization focused on peace and human rights, is a key arena for these debates. The events surrounding Netanyahu’s speech show that many nations and voices are urging new action—from recognition of Palestinian rights to calls for sanctions against Israel—while discussion and disagreement over the best path forward continue.

This episode at the UN highlights how international diplomacy, public protests, and official policy are all intersecting in real time as the search for solutions to the Israeli-Palestinian conflict remains urgent and unresolved.

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Is a Nuclear-Powered Alien Spacecraft Flying Toward Earth?

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A mysterious interstellar object speeding through our solar system has reignited debates about extraterrestrial technology — and whether Earth might currently be under quiet observation.

The object, known as 3I/ATLAS, is only the third confirmed interstellar visitor ever detected. Unlike ordinary comets, however, this cosmic traveler has baffled astronomers with its unusual brightness, strange trajectory, and lack of a visible cometary tail. While most scientists cautiously describe it as a natural body, one leading astrophysicist believes something much stranger is at play.

Harvard Scientist’s Bold Claim

Professor Avi Loeb of Harvard University, head of the Galileo Project, has suggested that 3I/ATLAS may in fact be a nuclear-powered alien spacecraft designed to test how humanity would respond to an interstellar visitor. He argues that its flight path is improbably precise, bringing it close to Mars, Venus, and Earth — a pattern highly unlikely to occur by chance.

Loeb also points out that telescope images show a glow inconsistent with ordinary dust behavior. Instead of trailing behind like a comet, the halo-like light appears to extend in unusual ways, sparking debate about whether the object could be emitting energy of its own.

Headed Toward Earth’s Neighborhood

3I/ATLAS is expected to make its closest approach in late 2025, passing near Mars before swinging by the inner solar system. Although Earth itself will be on the opposite side of the Sun when it comes closest, the alignment will still enable space-based observatories to capture sharper data.

Loeb has called on NASA and other agencies to use spacecraft already stationed near Mars or Jupiter — including the Juno mission — to take high-resolution photographs. He believes such efforts could reveal whether the interstellar object is truly natural, or the first technological probe humanity has ever encountered.

Should We Be Worried?

While most astronomers argue caution before jumping to alien conclusions, Loeb insists that scientific openness is key. “If it’s just a comet, we learn something new,” he said. “But if it’s a spacecraft, it would be the most important discovery in human history.”

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For now, 3I/ATLAS remains a mysterious speck on astronomers’ charts, drifting closer with each passing day. Whether it proves to be a frozen remnant of another star system or something far more advanced, the interstellar visitor has already succeeded in one mission: reminding us how vast and unpredictable the universe really is.

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AI Automation Could Cause Up to 20% Unemployment—A Workforce on the Brink

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Stark Warning from Anthropic CEO Highlights Rapid Job Displacement Risk

The looming threat of widespread unemployment due to AI automation has sparked intense debate among experts, business leaders, and policymakers. Dario Amodei, CEO of Anthropic—the company behind the influential AI language model Claude—issued a stark warning that has sent shockwaves through corporate America:

“Up to half of all entry-level white collar jobs could disappear within the next one to five years, potentially pushing unemployment rates as high as 20% during this period.”

This dramatic forecast paints a picture of a rapid and unsettling transformation in the workforce, driven by AI technologies that can perform complex cognitive tasks.

Balancing Predictions: Worst-Case Scenarios vs. Moderate Impact

However, this forecast represents one end of a spectrum of expert predictions. While Amodei’s warning highlights the worst-case scenario driven by the swift adoption of AI agents capable of coding, analyzing data, drafting legal documents, and managing workflows around the clock, other analyses suggest a more moderate impact. For example, Goldman Sachs estimates that AI could temporarily displace about 6-7% of U.S. jobs, with unemployment rising by approximately half a percentage point during the adjustment period. Their research anticipates a more gradual transition with a mixture of job disruption and creation.

The Unprecedented Speed and Scope of AI-Driven Job Disruption

The truth likely lies somewhere in between. AI is advancing at unprecedented speed, and the scope of jobs affected spans far beyond blue-collar roles to white-collar positions that required college degrees and years of training. Entry-level roles such as customer service representatives, data entry clerks, junior analysts, and administrative assistants face the greatest near-term risk. Mid-level roles in accounting, marketing, law, and engineering could soon follow, with companies already laying off workers citing AI-driven efficiencies.

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Preparing for an AI-Transformed Workforce: Adaptation Is Essential

Ultimately, the AI-driven job transformation is no longer a distant prospect but unfolding now. Whether unemployment spikes to 20% or stabilizes at lower levels depends on many factors, including business adoption rates, government policies, and the ability of workers to reskill. What is certain is that the workforce of tomorrow will look very different from today—and the time to prepare is right now.

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