Peaka Biweekly Digest #74 ?? JSM Connector is Live! ?? ElevenLabs Marches on
Hey there,
If you have ever wondered what the term “market disruption” really stands for, DeepSeek, a Chinese AI company developing open-source large language models, offered a crash course this week. The company announced that it had spent just $5.6 million on computing resources while training its large language model, and it quickly replaced ChatGPT as the most popular app on the App Store. The news triggered an AI stock selloff in the markets, making everyone question the way AI economics works.?
Fortunately, things have been more stable at Peaka.??
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Team Peaka hasn’t skipped a beat in 2025, shipping connectors for the most popular tools. This time around, we’re adding Jira Service Management (JSM) to our connector library.
JSM is a service desk solution developed by Atlassian, the company that shipped some of the most popular office software, such as Confluence and Jira. The platform goes beyond the limitations of a simple ticketing tool and serves as an all-around service desk solution that makes life easier for IT teams.
IT teams receive support requests from not only customers but also internal users. Triaging these requests and creating efficient workflows to handle them is a major challenge. JSM simplifies this task, allowing technical teams to make the most of their resources. Its pre-made templates for most common service requests fast-track launching a service desk and creating a knowledge base users can refer to.
By collecting service requests, JSM also functions as a repository of data on bugs and user pain points. Peaka’s JSM connector connects this versatile tool to other systems and applications, helping enrich this data and creating a holistic view of the service requests IT teams face.
What’s there not to like? ????
Make sure you check out our 'What’s New' page to learn about all the latest connectors, integrations, features, and bug fixes we shipped.
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?? Industry News
The startup culture has definitely rekindled the excitement for space programs, which kind of lay dormant since the end of the Cold War. What SpaceX has achieved with its reusable Falcon 9 rockets so far has captured the imagination of millions and once again got children to dream about space after decades. A next-gen Space-as-a-Service startup, Loft Orbital, is one such company preparing to make some noise in the next few years.
Loft’s business model involves buying satellites from vendors and equipping them with payloads that customers demand, streamlining the complex process of operating hardware in space for companies. This Lego-like modular approach to building satellites from standardized parts allows the startup to offer custom solutions to the payload requirements of each customer.
Loft’s future looks bright as the demand for satellites surges in the face of climate change-induced wildfires, heightened border protection measures, and advances in telecommunications infrastructure. Despite having launched just five satellites so far, Loft Orbital has thirty orders in its books for a total contract value of $500 million. These numbers were enough to attract investors for the company’s $170 million Series C round. Tikehau Capital and Axial Partners led the round, which brought Loft’s total raised up to $330 million.
The funds from this new round will enable the company to scale its operations. Additionally, Loft will be looking to develop an ecosystem of AI application partners that will use its infrastructure to run AI apps that can detect and monitor events from space in real time.
As the initial fascination with generative AI slowly wears off, a challenge has surfaced: Laying out a credible business case and a viable path to profitability. ElevenLabs, one of the early movers in the AI-assisted voice cloning space, seems to have nailed this task.
ElevenLabs uses AI to synthesize, clone, and edit voice. Its text-to-speech and speech-to-speech capabilities let users generate voice and calibrate its characteristics. This technology lends itself to many use cases, as the strong demand from the gaming, movie, and media industries illustrates. Tapping into this demand allowed the company to hit an annualized annual revenue of over $80 million in 2023, convincingly solving the monetization problem.
Founded by Mati Staniszewski and Piotr Dabkowski in 2022, the company raised a Series A worth $19 million in June 2023, followed by an $80 million Series B round in January 2024. Encouraged by its recent success, the startup once again turned to investors for another round of fundraising this month. ICONIQ Growth led the $250 million Series C round, which valued the company at more than $3 billion, with participation from Andreessen Horowitz.
2024 was a busy year for ElevenLabs: The company opened offices in London, Warsaw, and New York and grew its headcount significantly. The fresh funding will come in handy as it strives to keep the momentum going, braces to fight any moves from the generative AI giant OpenAI, and also works to prevent deepfakes and malicious use of its product.
Thanks for reading!
- Peaka Team