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Artificial Intelligence Construction Machine Learning North America

1build Announces $19.5M in Funding

– 1build, a constructions solutions startup.
– The company closed a $19.5M Series B round of financing.
– The round was led by Rethink Impact, with participation from existing investors.

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Artificial Intelligence North America

Amai Raises $600K in Funding

– Amai is a San Francisco, CA-based company that creates ultra-realistic AI Voice Engines.
– The company raised $600k in funding.
– Backers included Joint Journey and NRG Ventures.
– The new investment will be used to enter the US voice market, launch new AI voice solutions for enterprises, and enhance products’ capacity.

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Artificial Intelligence Enterprise Software Homeland Security Journalism Machine Learning National Security Natural Language Processing North America Predictive Analytics Public Safety SaaS

AI-powered disinformation detection platform Blackbird nabs $10M

– Blackbird.AI, an AI-powered platform designed to combat disinformation, announced that it closed a $10 million series A funding round led by Dorilton Ventures with participation from NetX, Generation Ventures, Trousdale Ventures, StartFast Ventures, and individual angel investors.
– The proceeds, which bring the company’s total raised to $11.87 million, will be used to support ramp-ups in hiring and product lines and launch new features and capabilities for corporate and national security customers, according to cofounder and CEO Wasim Khaled.
– The cost of disinformation and digital manipulation threats to organizations and governments is estimated to be $78 billion annually, the University of Baltimore and Cheq Cybersecurity found in a report.

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Artificial Intelligence Health Care Information Technology Medical North America

Alpha Medical Raises $24M in Series B Funding

– Alpha Medical is a women’s virtual primary care company.
– Company raised $24m in Series B funding.
– The round was led by SpringRock Ventures, Margo Georgiadis, Outcomes Collective Growth Capital, FMZ Ventures, Samsung Next, Chamaeleon, AV8 Ventures, and GSR Ventures.
– The new investment will be used to expand operations and business reach.

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Artificial Intelligence Enterprise Software Homeland Security Journalism Machine Learning National Security Natural Language Processing North America Predictive Analytics Public Safety SaaS

Blackbird.AI Raises $10M in Series A Funding

– Blackbird.AI is a NYC-based AI-driven Disinformation Intelligence Platform.
– The company closed a $10m Series A funding.
– The round was led by Dorilton Ventures, with participation from new investors including Generation Ventures, Trousdale Ventures, StartFast Ventures and Richard Clarke. Existing investor NetX also participated.
– The new investment will be used to scale up the engineering and sales teams, fast-track new product development, and accelerate platform adoption by a global client base.

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Artificial Intelligence Human Resources North America Recruiting Software Video

Clovers Scores $15M Seed Financing Round

– Clovers, a human resources technology firm leveraging conversational intelligence to improve interviewing and hiring practices, today announced it has raised $15m in seed funding.
– The round was led by Greycroft and Alpha Edison with participation from Crosslink Capital, Acadian Ventures, Fika Ventures and Act One Ventures.
– Clovers is the intelligent interview platform that uses human and conversational intelligence to accelerate hiring, uncover bias, and put the right people in the right role every time.

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Artificial Intelligence Machine Learning North America Software

Vintra Secures $9.125M in Funding

– Vintra, Inc. from San Jose develops AI-powered video analytics solutions.
– The company raised $9.125M in funding.
– The round was led by Morpheus Ventures with participation from Lavrock Ventures and existing investors – Vertex Ventures US and Bonfire Ventures.
– The new investment will be aimed at expanding the company’s operations and business reach.

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Facetune maker Lightricks raises $130 million ahead of M&A plans

– Lightricks, an Israeli mobile photo and video editing company, raised $130m funding.
– The round was led by Insight Partners and Hanaco Venture Capital and includes new investors Migdal Insurance, Altshuler Shaham and Shavit Capital.
– Existing investors Goldman Sachs Asset Management, Claltech, Harel Insurance and Finance, and Greycroft also participated.
– The company has raised $335m to date.
– It has been best known for its photo-editing app Facetune.

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Artificial Intelligence Data Integration Logistics Machine Learning North America Productivity Tools Software

Altana AI Raises $15M Series A Investment to Build the Single Source of Truth On the Global Supply Chain

– Altana AI is helping enterprises, governments, and logistics providers navigate these changes by connecting them to a shared source of truth on the global supply chain.
– Altana AI has secured $15m in Series A funding, led by GV (formerly Google Ventures).
Floating Point, Ridgeline Partners, and existing investors Amadeus Capital Partners and Schematic Ventures joined the round.

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Analytics Artificial Intelligence Data Visualization Medical North America Software

Caresyntax Grabs $30M Series C Extension

– Caresyntax, the leading enterprise-level digital surgery platform delivering actionable insights to make surgery smarter and safer, today announced a $30m extension to its Series C funding round.
– The round was led by PFM Health Sciences with participation from ProAssurance, Harmonix, and existing investors such as the Relyens Group and IPF Partners.
– That round also included investments from Optum Ventures, Intel Capital, Lauxera Capital Partners, Vesalius Biocapital III, Arno Capital, Rezayat Investments, and Surgical.AI.
– The funding will be used to continue developing its platform as well as advance new data solutions that support value-based care providers.

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Artificial Intelligence Health Care Machine Learning North America Outpatient Care

Spring Health Scores $190M Series C Round

– Spring Health, the most comprehensive global mental health solution for employers and health plans, has secured $190m in Series C funding.
– Top healthcare investor Kinnevik led the round and was joined by new investor The Guardian Life Insurance Company of America (Guardian Life), along with existing investors Tiger Global, Northzone, RRE Ventures, Rethink Impact, Work-Bench, William K Warren Foundation, SemperVirens, Able Partners, and True Capital Ventures.
– The company’s total investment to date is $300m, bringing the company’s current valuation to $2bn on the heels of approximately 6x revenue growth over the past year.

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Artificial Intelligence Semiconductor Western Europe

Dutch AI Semiconductor Startup Axelera AI Launches With $12 Million Seed Round

– Axelera AI announced that it has successfully closed a seed investment round of $12m.
– The round was led by Bitfury and joined by global nanoelectronics R&D center imec and deep-tech venture capital funds Innovation Industries and imec.xpand.
– The funding will support the company’s development of an industry-defining product powering AI applications at the edge.
– Axelera AI was incubated by Bitfury Group in 2019, formerly operating as Bitfury AI until the company came out as an independent entity this year.
– Building on its extensive research and development focused on integrating world-class hardware and software technologies for edge and cloud-to-edge enterprise solutions, Axelera AI joined forces with imec in early 2020 to develop groundbreaking computing architecture for high-performance AI.

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Artificial Intelligence Enterprise Software Machine Learning Natural Language Processing North America PaaS Software

AI startup Sorcero secures $10M for language intelligence platform

– Sorcero, a natural language processing platform, raised $10m in Series A funding.
– The round was led by CityRock Venture Partners, the growth fund of H/L Ventures, and Harmonix Fund co-led the round and were joined by new investors Rackhouse, Mighty Capital and Leawood VC, as well as existing investors, Castor Ventures and WorldQuant Ventures.
– The company plans to invest in talent in both engineering and on the commercial side.

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Artificial Intelligence Computer Vision Developer Tools North America

Computer vision dev platform Roboflow raises $20M

– Roboflow, a Des Moines, Iowa-based startup developing tools for building computer vision models, announced it has raised $20 million in a series A round led by Craft Ventures.
– This brings the company’s total raised to date to $22.2 million, and CEO Joseph Nelson says the money will be put toward ongoing product development and hiring efforts.
– The global computer vision industry was estimated to be worth $11.32 billion in 2020, according to Grand View Research. But while the technology has obvious enterprise applications — computer vision algorithms can be trained to perform tasks like spotting gas leaks, counting pills, and monitoring workplaces to enforce social distancing — companies can face barriers to leveraging it in production. Teams are often faced with rebuilding software infrastructure and attracting the necessary machine learning expertise.

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GigaIO Raises $14.7M in Series B Funding

– GigaIO from Carlsbad is a creator of data center rack-scale architecture for artificial intelligence and high-performance computing solutions.
– Series B $14.7m round was led by Impact Venture Capital with participation from Mark IV Capital, Lagomaj Capital, SK Hynix, and Four Palms Ventures.
– The new funding will be used to expand the company’s sales and marketing efforts by recruiting more partners and expanding channel programs.

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Analytics Artificial Intelligence Australia and Oceania Fitness Health Care Machine Learning Software

New Zealand startup HeartLab raises $2.45M to bring heart scanning software to the US

– HeartLab, a medtech startup, raised $2.45m in seed funding.
– The company plans to expand its AI-powered heart scanning and reporting platform to cardiologists in the United States by early next year.
– HeartLab provides an end-to-end solution for echocardiograms, the ultrasound tests that doctors use to examine a patient’s heart structure and function.

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Artificial Intelligence Cloud Computing Computer Software Information Technology Marketing North America Software

Pyxis One Raises $17M to Democratize Codeless AI in Marketing as a SaaS Offering

– Pyxis One closed $17M in Series B funding.
– With total funding of $24M, the tech startup plans to use this round of capital for investments in product development, and to expand to new markets.
Celesta Capital and Premji Invest co-led the round with participation from previous investors Chiratae Ventures, pi Ventures, and Exfinity Venture Partners.
– Pyxis One enables enterprises to scale accurate data-driven marketing.
– The startup’s codeless AI ecosystem comprises dozens of AI models deployed across different aspects such as targeting, optimization, creative recommendation, and consumer research, enabling a complete ecosystem that can help teams collaborate, and leverage capabilities enabled by the adoption of AI.

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Artificial Intelligence Semiconductor Western Europe

Axelera, which is developing an AI accelerator chip, raises $12M

– Axelera AI, a Dutch AI semiconductor startup, emerged from stealth with $12m in seed funding led by Bitfury, a security and infrastructure provider for the Bitcoin blockchain.
Innovation Industries Fund participated in the round, which the company says will support developing of AI apps at the edge.
– Edge AI, the processing of AI algorithms on devices like drones, digital signage, cameras, and sensors, derives from edge computing, which starts from the same premise: Data is processed and managed at internet of things endpoints.
– Edge AI is advantageous in industries like retail, robotics, and manufacturing, where it can deliver lower latency than sending data to remote servers — and avoid disruptions and costs in the process.
– Incubated by Bitfury, Axelera says it’s developing a chipset to accelerate AI and machine learning algorithms at the edge.

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Artificial Intelligence Computer Internet Machine Learning North America SaaS Software

Constructor finds $55M for tech that powers search and discovery for e-commerce businesses

– Constructor, a company that powers search and product discovery tools for e-commerce businesses, raised $55m in Series A funding.
– The round was led by Silversmith Capital Partners and joined by a long list of notable individual investors.
– The company says that it powers “billions” of queries every month, with revenues growing 233% in the last year.
– Constructor is led by CEO and co-founder David Sacks, who previously co-founded Yammer and Geni.

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Artificial Intelligence Industrial Automation Machine Learning Robotics Western Europe

Agile Robots Closes US$220M Series C Financing

– Agile Robots from Munich, Germany and Beijing, China develops intelligent robotics.
– The company completed a Series C financing with a total investment of US$220m.
– The round was led by SoftBank Vision Fund 2 with participation from GL Ventures, Sequoia China and Linear Capital, and strategic investors including Xiaomi Group, Foxconn Industrial Internet, and Midas.
– Proceeds from the round will be mainly used for the company’s product development, mass production and global sales business expansion.

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Artificial Intelligence North America

AI edge hardware startup Deep Vision nabs $35M

– Deep Vision, a company developing an AI accelerator chip and software suite for edge computing workloads, announced that it closed a $35 million series B financing round led by Tiger Global, with participation from Exfinity Venture Partners, Silicon Motion, and Western Digital.
– According to CEO Ravi Annavajjhala, the proceeds will be put toward product development as Deep Vision looks to ramp up manufacturing of its hardware for early customers.
– Edge computing, which puts computing and storage resources at the location where data is produced, is thriving as industries including manufacturing, health care, and energy increasingly embrace it. Grand View Research predicts that the global edge computing market will reach $6.29 billion in value in 2021, up from $4.68 billion in 2020.

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Artificial Intelligence Human Resources North America Recruiting Software

Seattle HR startup Humanly lands $4.2M to help companies automate parts of the interview process

– Humanly, a HR software, raised $4.3m in funding.
– The round was led by Zeal Capital Partners and joined by Spark Growth Ventures, Basecamp Fund, Moneta Ventures, and a group of angels including Payscale founder Joe Giordano and Aditi Consulting founder Pradeep Singh.
– Total funding to date is $5.3m.
– The company has seen revenue increase six times over the past year.
– It is riding tailwinds from companies that are rethinking their talent acquisition strategies amid the pandemic-driven shift to remote work and increasing attention on diversity.

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Artificial Intelligence Intelligent Systems Machine Learning Manufacturing North America Service Industry

DeepHow Raises $9M Pre-Series A Funding to Bridge the Skills Gap in the Manufacturing, Service, and Construction Industries

– DeepHow, the AI company that turns technical know-how into smart, how-to training videos, has closed $9M in pre-Series A funding.
Sierra Ventures, a specialist in early-stage VC funding, led the round with participation by Osage Venture Partners, Qualcomm Ventures LLC, and pre-seed investor Foothill Ventures.
– The company will use this additional funding to solidify its technical lead, accelerate its market expansion in Asia, and fuel its enterprise sales and marketing initiatives.

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Artificial Intelligence E-Learning North America SaaS

LearnExperts Raises $1.25M in Seed Funding

– LearnExperts from Ottawa, Canada develops a course creator platform.
– The company raised $1.25m in seed funding.
– Backers included Sand Hill North, MaRS IAF, Capital Angel, Maple Leaf Angel, and Georgian Angel networks, including six women investors.
– The company intends to use the funds to accelerate growth within the sector.

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Artificial Intelligence Computer North America Software

Neosec, an API security startup, emerges from stealth with $20.7M

– Neosec, a cybersecurity platform designed to secure APIs, emerged from stealth with $20.7 million in series A funding from True Ventures, New Era Capital Partners, TLV, SixThirty, and several angel investors.
– According to CEO Giora Engel, the proceeds will be put toward product development and growing Neosec’s business in the U.S., Europe, the Middle East, and Asia.
– Researchers are sounding the alarm on threats to enterprise security arising from insecure APIs. Last November, Forrester warned that organizations that fail to address API vulnerabilities could face significant data breaches. And in March, Salt Security released a report on API security that showed that that 91% of organizations suffered an API-related problem last year, with more than half (54%) reporting finding exploits in their service APIs.

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Analytics Artificial Intelligence Consumer Software Energy GovTech Information Technology Internet Machine Learning North America Renewable Energy Software

Bidgely Secures $26M in Financing to Accelerate Utilities’ Leading Role in the Clean Energy Future

– Bidgely announced the closing of a $26m round of strategic financing to bolster its utility electrification and decarbonization innovations deployed around the world.
– Led by Moore Strategic Ventures, the round is joined by Accurant International, an investment venture of Bahman Hoveida, co-founder and ex-CEO of Open Systems International.
– The oversubscribed round also included existing investors, such as Future Energy Ventures, Georgian and Constellation Technology Ventures.
– Bidgely, a pioneer of disaggregation, holds 17 patents for its technology, including EV disaggregation techniques.

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Artificial Intelligence Energy Energy Management Machine Learning North America Oil and Gas Software

CruxOCM Raises $9M Total in Venture Financing; Latest Led by Bullpen Capital

– CruxOCM is the pioneer of robotic industrial process automation (RIPA™) for control room operations.
– The company has raised $6M in venture financing to fuel growth.
– The recent round was led by Bullpen Capital, with participation from Angular Ventures, Root Ventures, Golden Ventures, Cendana Capital and Industry Ventures.
– The capital will be used to grow the company’s product lines, increase the efficiency of its installation process, and continue expanding its team across North America.

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Analytics Artificial Intelligence Australia and Oceania Big Data Health Care Information Technology Machine Learning Pharmaceutical Predictive Analytics

Prospection Secures $45 million to Accelerate Growth of its Powerful Healthcare Insights Technology

– Prospection has successfully raised $45m from institutional investors in a Series B round, cornerstoned by new investor Ellerston JAADE with participation from existing shareholders Main Sequence and Horizons Ventures.
– Prospection uses real world data, powering evidence to deliver better patient outcomes. Its powerful AI algorithms follow millions of de-identified patients over time to search for patterns in their health and treatment journey. Uniquely, these algorithms can ingest multiple longitudinal patient and commercial datasets globally from varied sources such as governments, insurers, healthcare providers/institutions and health records, to produce rich and accurate insights at high speed.
– These datasets are turned into actionable, medical insights to help determine the best treatment plan for a patient, locate patients who would benefit from improved therapeutic decisions and be written into publishable evidence for scientific journals.

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Artificial Intelligence North America Robotics

Ambi Robotics Announces $26 Million Series A Funding Led By Tiger Global

– Ambi Robotics announced the closing of a $26m Series A funding round.
– The investment is led by new investor, Tiger Global Management, and builds on participation from existing investors Bow Capital, Vertex Ventures US and The House Fund.
– The new funding comes at a time of significant customer growth and expansions just five months after the company emerged from stealth.
– The funding round enables Ambi Robotics to scale the team and operations to support rapid deployments of AI-powered robotic systems throughout US supply chain operations.
– Additionally, Ambi Robotics will expand its product and customer support offerings as there are now hundreds of warehouse associates across the US working alongside the company’s automated sorting systems.

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Artificial Intelligence Machine Learning North America Predictive Analytics Procurement SaaS Software Supply Chain Management

LevaData Raises $47M in Series C Funding

– LevaData announced a $47m Series C funding round.
– The round was led by Banneker Partners with participation from Tola Capital.
– The investment comes after the company experienced significant global revenue growth during the first half of 2021.
– LevaData offers supply management teams the predictive insights needed to act before cost and events negatively impact margins or speed to market.
– Many of the world’s largest brands rely on LevaData.
– The investment and partnership will help LevaData accelerate its growth strategies at a time when its customers and primary markets are most vulnerable and need them most.
– Areas of investment priorities include the continuous improvement of their integrated platform capabilities, a deeper physical presence in key global markets, and the creation of hundreds of new jobs.

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Artificial Intelligence Information Technology North America Software

Evolon Raises $16M in Series A Funding

– Evolon is a Dallas TX-based surveillance video software technology company.
– The company raised $16M in Series A funding.
– The backers were not disclosed.
– The company intend sto use the funds to expand the team and accelerate research and product development efforts, enhance sales and marketing initiatives, implement new products and solutions, and drive growth in the perimeter surveillance software industry.

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Artificial Intelligence Call Center Customer Service Enterprise Software Machine Learning Software Western Europe

AI-driven voice assistant PolyAI raises $14M round led by Khosla Ventures

– PolyAI, a voice assistant company, raised $15m funding.
– The round was led by Silicon Valley’s Khosla Ventures, and joined by Point72 Ventures, Amadeus Capital, Sands Capital Ventures, Passion Capital and Entrepreneur First.
– It brings PolyAI to a valuation of $100m.
– PolyAI claims its voice assistant can be turned live more quickly, in more languages, and charges on a per-minute basis.

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Artificial Intelligence Information Technology North America Software

Evolon Secures $16 Million in Series A Funding to Accelerate Growth

– Evolon technology announced the completion of a $16m Series A funding.
– The new funding will help expand the team and rapidly accelerate research and product development efforts, enhance sales and marketing initiatives, implement new products and solutions, and drive growth in the perimeter surveillance software industry.
– The market demand for Evolon’s Situational Intelligence® solutions that combine patented advancements and emerging technologies to deliver industry-leading detection and classification accuracy has never been more pressing.
– Evolon’s solutions satisfy this need by providing unique breakthrough edge-to-cloud capabilities that deliver hyper-accurate real-time detection of objects of interest with fewer nuisance alerts.

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Analytics Artificial Intelligence Big Data Insurance InsurTech Machine Learning North America SaaS Software

Kalepa Raises $14M In Series A Funding

– Kalepa is a NYC-based commercial insurance platform provider.
– Company raised $14m in Series A funding.
– The round was led by Inspired Capital, with participation from previous investor IA Ventures, as well as Gokul Rajaram of Doordash, Coinbase, and formerly of Google, Jackie Reses, formerly of Square, and Henry Ward of Carta.
– The new investment will be used to grow the team four-fold over the next year, with an emphasis on engineering, data science, and insurance talent.

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Artificial Intelligence Banking Credit Cards Financial Services FinTech InsurTech Lending Machine Learning Personal Finance South Asia

WeRize Raises USD8M in Series A Funding

– WeRize is a Bengaluru, India-based socially distributed financial services platform.
– The company raised USD8M in Series A funding.
– The round was led by 3one4 Capital, Kalaari Capital, Picus Capital and Orios Venture Partners.
– The new investment will be used to accelerate growth and expand operations.

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Analytics Artificial Intelligence Machine Learning North America Product Design Quality Assurance SaaS Software

UnitQ raises $30M in Accel-led round to help companies improve product quality

– Burlingame, California-based startup using a data-driven approach to product quality, unitQ, raised $30m in Series B funding.
– The round was led by Accel.
– Existing backers Creandum — the early-stage Swedish fund which also backed Shopify — and Gradient Ventures, Google’s AI-focused venture fund, also put money in the round
– The company plans to use the funding to expand its sales and marketing efforts.

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Customer relationship tracker Affinity nabs $80M

– Affinity, a relationship intelligence platform designed to work with existing customer relationship management (CRM) solutions, announced that it closed an $80 million series C funding round led by Menlo Ventures, bringing its total raised to date to $120 million at a $600 million valuation.
Advance Venture Partners, Sprints Capital, Pear Ventures, Sway Ventures, MassMutual Ventures, Teamworthy, and ECT also participated in the round, which cofounder and CEO Ray Zhou said will be put toward strengthening Affinity’s engineering team and expanding its sales and marketing reach into sectors such as investment banking, private equity, and accounting.

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Unleash live Raises $8M in Series A to Scale A.I. Apps for Enterprise Analytics

– Unleash live, one of the world’s leading A.I. video analytics platforms, announces an $8m Series A funding round led by SafetyCulture.
– Launched in 2016 by co-founders Hanno Blankenstein and Jason Grier, Unleash live’s A.I. powered real time analytics platform, ‘Intelligent Remote Vision’, generates immediate insights that enable enterprises to materially drive down costs, raise productivity, increase accuracy, and improve safety.
– The company has seen over 500% growth since March 2020.

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Artificial Intelligence Big Data Health Care Health Diagnostics Machine Learning Medical Medical Device Software Software Engineering Western Europe

contextflow Raises €6.7M in Series A Funding

– contextflow from Vienna develops artificial intelligence for medical image analysis.
– A second closing included an additional €2M from new co-investor Peak Pride Management GmbH, HPH (Hans Peter Haselsteiner) Start-up Unit and current investor APEX Ventures with its “APEX Best in Class” fund. A first closing was led by B&C Innovation Investments GmbH (BCII) and included participation from new co-investor TTIP Beteiligungs GmbH and current investors APEX Ventures, Crista Galli Ventures, IST cube, Nina Capital and Novacapital.
– The new investment will be used to accelerate market entry in Europe and the US, including obtaining FDA clearance for contextflow SEARCH Lung CT, as well as extending its offerings to include new products and features covering a wider range of organs and modalities.

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Artificial Intelligence Health Care Machine Learning North America

Centaur Labs Raises $15 Million, Led by Matrix Partners, to Label the World’s Medical Data, Accelerate AI Development

– Centaur Labs, a medical data labeling company, announced $15 million in funding to advance their mission to label the world’s medical data.
– The Series A round was led by Matrix Partners with participation from other funds including Accel, Global Founders Capital, Susa Ventures, Y Combinator, and individual investors including John Capodilupo (founder and CTO of WHOOP), Tom Lee (founder of One Medical), and Elliot Cohen (founder and CPO of PillPack).
– The new capital will fund the expansion of the company’s global network of labelers and accelerate product development and hiring.
– Artificial intelligence is enabling extraordinary advances in healthcare, with the potential to reduce costs and drastically improve healthcare outcomes. However, AI is only as accurate as the data it is trained on.

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Artificial Intelligence Developer Tools Machine Learning Natural Language Processing Western Europe

Explosion snags $6M on $120M valuation to expand machine learning platform

– Explosion, a company that has combined an open source machine learning library with a set of commercial developer tools, announced a $6m Series A.
– The round was led by SignalFire, and the company reported that today’s investment represents 5% of its value.
– Oana Olteanu from SignalFire will be joining the board under the terms of the deal, which includes warrants of $12m in additional investment at the same price.
– The company started in 2016 when Montani met her co-founder, Matthew Honnibal in Berlin where he was working on the spaCy open source machine learning library. Since then, that open source project has been downloaded over 40 million times.

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Customer experience startup Clootrack raises $4M, helps brands see through their customers’ eyes

– Clootrack, a real-time customer experience analytics platform, raised $4m in Series A funding.
– The round was led by Inventus Capital India and included existing investors Unicorn India Ventures, IAN Fund and Salamander Excubator Angel Fund, as well as individual investment from Jiffy.ai CEO Babu Sivadasan.
– In total, the company raised $4.6m.

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Artificial Intelligence Call Center Customer Service Internet Internet of Things Machine Learning Natural Language Processing SaaS Software South Asia Speech Recognition

Skit raises $23M Series B round to accelerate its growth

– Bengaluru-based artificial intelligence SaaS voice automation company Skit, formerly known as Vernacular.ai, developed its AI-based voice automation platform VIVA, short for Vernacular Intelligent Voice Assistant, which enables corporations to automate 90% of their call center operations powered by Natural Language Understanding (NLU) technology. VIVA covers more than 16 languages and 160 dialects.
– The company announced it has closed a $23 million Series B round to accelerate its growth in domestic and global markets, including the U.S. and Southeast Asia and enhance its voice automation platform.

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Artificial Intelligence Computer North America Shopping Software

Cashierless checkout company Zippin raises $30M

– Zippin has raised $30m in a series B round of funding.
– The company is one of several players in the space to gain traction for a technology that seeks to not only make supermarket queues obsolete, but also generate big data insights for retailers.
– Zippin opened its first checkout-free store in San Francisco back in 2018, and it has since entered into partnerships with the likes of Aramark, Sberbank, and the Sacramento Kings’ Golden 1 Center to power cashierless stores globally.
– The company said its ultimate goal is to retrofit stores with the required technology inside a day, with minimal downtime for retailers.

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Carbon Robotics Raises $27M In Series B Financing

– Carbon Robotics from Seattle develops agri-robotics.
– The company raised $27m in Series B financing.
– Backers included Anthos Capital, Ignition Partners, Fuse Venture Capital, Voyager Capital, Bolt and Liquid2 Ventures.
– The new investment will be aimed at scaling production of its products, growing its engineering team and establishing regional sales and support for customers across the U.S.

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AnChain.AI Raises $10M in Funding

– AnChain.AI is a San Francisco CA-based blockchain security company.
– Company raised $10M in funding.
– The round was led by SIG Asia Investments with participation from Fin VC, Nima Capital, Hard Yaka and Amino Capital.
– The new investment will be aimed at accelerating product development and recruitment across research and development, engineering, customer success and sales.

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Gatik expands autonomous box truck operations to Texas with $85 million in new funds

– Gatik AI, an autonomous vehicle startup, raised $85m in Series B funding.
– The round was led by Koch Disruptive Technologies, the venture arm of Koch Industries.
– Existing investors Innovation Endeavours, Wittington Ventures, FM Capital, Dynamo Ventures, Trucks VC, Intact Ventures and others also participated.
– The company plans to have a presence in multiple cities within Texas.

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Databricks expands its data lake analytics with $1.6B funding

– Databricks, a big data analytics software provider, announced that it raised $1.6 billion in a series H financing round led by Counterpoint Global, with participation from BNY Mellon and ClearBridge.
Andreessen Horowitz, Fidelity Management & Research, and Franklin Templeton also contributed, bringing the company’s total raised to $3.5 billion at a $38 billion post-money valuation.
– Cofounder and CEO Ali Ghodsi says that the capital will be used to support Databricks’ product development, customer adoption, and the evangelization of “data lakehouse.”
– Data lakehouses — a term that came into vogue in 2020 — are data management architectures that combine data lakes, which store structured and unstructured data, with data warehouses, which perform queries and analysis.

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Analytics Artificial Intelligence Big Data Business Intelligence Machine Learning Western Europe

Peak, a managed AI platform for enterprise, nabs $75M

– Peak, a U.K.-headquartered company offering AI-powered enterprise decision support software, announced that it closed a $75 million series C.
– The tranche, which was led by SoftBank Vision Fund 2 with participation from MMC Ventures, Oxx, Praetura Ventures, Arete, and Octopus Ventures, brings Peak’s total raised to date $119 million.
– The growth potential of AI has become increasingly clear as companies embrace automation and analytics.
– The global AI market value is expected to reach $267 billion by 2027, according to one source, and PricewaterhouseCoopers reports that 25% of companies have adopted AI compared with 18% in 2020.

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Accounting Artificial Intelligence Financial Services FinTech North America

Vic.ai, an AI-powered accounting automation platform, raises $50M

– Vic, a startup developing software to automate accounting and financial processes, announced that it closed a $50m series B financing round with participation from GGV Capital, Cowboy Ventures, and Costanoa Ventures.
– Pivoting away from its initial focus on accounting professionals, Vic says it’ll use the capital to expand its existing enterprise offering as well as build out its financial intelligence engine.

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Insurify Secures $100M in Series B financing led by Motive Partners

– Insurify, America’s highest-rated virtual insurance agent and comparison platform, announced it has closed $100M in Series B funding led by Motive Partners.
– The round included participation from existing investors Viola FinTech, MassMutual Ventures, Nationwide, Hearst Ventures, Moneta VC, as well as new investors Viola Growth and Fort Ross Ventures.
– This is the most recent development for the fast-growing company, which has raised a total of $128M to date, has grown its new and recurring revenue by 6x since its Series A funding in Q4 of 2019, and has achieved a CAGR of 151% for the last three years.

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CoachHub Raises $80M in Series B2 Funding

– CoachHub is a Berlin, Germany-based digital coaching platform.
– The company raised $80m in Series B2 funding.
– The round was led by Draper Esprit, RTP Global, HV Capital, Signals Venture Capital, Partech, and Speedinvest.
– The new investment will be used to fund the company’s global expansion.

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Korean 3D spatial data tool startup Urbanbase closes $11.1M Series B+ round

– Urbanbase, a Seoul-based company that develops a 3D spatial data platform for interior planning and design, announced it has raised $11.1 million (13 billion won) in a Series B+ round as it scales up.
– This round of funding was led by Hanwha Hotel & Resort.
– Urbanbase, founded in 2013 by chief executive officer and a former architect Jinu Ha, has now raised $20 million (approximately 23 billion won) in total.

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AI voice, synthetic speech company LOVO gets $4.5M pre-series A funding

– LOVO, a Berkeley, California-based artificial intelligence (AI) voice & synthetic speech tool developer, closed a $4.5m pre-Series A round.
– The round was led by South Korean Kakao Entertainment along with Kakao Investment and LG CNS, an IT solution affiliate of LG Group.
– The proceeds will be used to propel its research and development in artificial intelligence and synthetic speech and grow the team.
– LOVO has 17 people, including both co-founders, chief executive office Charlie Choi and COO Lee.
– The company plans to double down on improving LOVO’s AI model, enhance its AI voices and develop a better product that surpasses any that exists in the current market, Lee said.

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Ai Palette raises $4.4M to help companies react faster to consumer trends

– Ai Palette, a startup that uses machine learning to help companies spot trends in real time and get them retail-ready, raised $4.4m in Series A funding.
– The round was led by pi Ventures and Exfinity Venture Partners, and also included participation from returning backers food tech venture firm AgFunder and Decacorn Capital, and new investor Anthill Ventures.
– The company plans to use the funding to expand into more markets and fill engineering and data science roles.

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Armored Things Raises $12M in Series A Funding

– Armored Things is a crowd analysis and intelligence software company based in Boston, MA.
– Company raised $12m in Series A funding.
– The round was led by Nimble Ventures with participation from Gutbrain Ventures, PBJ Capital, and Micromanagement Ventures, as well as existing investors Glasswing Ventures, Will Ventures, and iNovia Capital.
– The company intends to use the funds to continue to build out its product platform, add to its team, and accelerate its go-to-market efforts in sports and entertainment venues, and on college and corporate campuses.

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Workera.ai Lands $16M Series A Financing

– Workera.ai, a precision upskilling platform, has closed a $16m Series A round.
– The round was led by NEA alongside existing investors Owl Ventures and AI Fund, as well as AI luminaries Richard Socher of AIX Ventures, Pieter Abbeel, Lake Dai and Mehran Sahami.
– This new infusion of capital will be used to accelerate product development and fuel the company’s go-to-market strategy.

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Level AI lands $13M Series A to build conversational intelligence for customer service

– Level AI, an early-stage startup from a former member of the Alexa product team, wants to help companies process customer service calls faster by understanding the interactions they’re having with customers in real time.
– The company launched publicly, while announcing a $13m Series A led by Battery Ventures, with help from seed investors Eniac and Village Global as well as some unnamed angels. Battery’s Neeraj Agrawal will be joining the startup’s board under the terms of the agreement. The company reports it has now raised $15m.

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Process automation startup Leapwork nabs $62M

– Copenhagen-based Leapwork, which was founded in 2015, announced it has closed a $62 million.
– The series B round was co-led by KKR and Salesforce Ventures.
– With Leapwork, users show the platform which processes they want to automate by recording the processes in context, validating the steps, and entering input data where needed.
– The platform breaks down the workflows in “flowchart language,” with building blocks that handle logic and provide a graphical representation of each step.

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involve.ai Raises $16M in Series A Funding

– Involve.ai is a customer intelligence platform, based in Los Angeles.
– The company raised $16m in Series A funding from Sapphire Ventures, with participation from existing investors Bonfire Ventures, Greycroft, Launch Capital, BDMI and new investors GTMfund, Fenwick, Gokul Rajaram, Stanford University and Michael Whitmire.
– The new investment will be used to accelerate the company’s product roadmap, expand its go-to-market teams and improve customer experience.

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