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Artificial Intelligence Europe InsurTech Machine Learning

Zelros raises $11 million for AI that personalizes insurance plans

– Insurance tech startup Zelros today announced that it raised $11m in series A funding led by BGV.
– The company plans to use the capital to scale operations across Europe and expand into North America.
– Zelros employs AI to provide advisors and policyholders with advice on choosing the right coverage for their needs.
– The platform ingests claims, quotes, voice calls, underwriting documents, and other kinds of data via connectors to cover tasks like claim handling and facilitate the deployment and monitoring of AI pipelines in production.
– Zelros taps natural language understanding technology to capture information from voice conversations between policyholders and insurance advisors or contact center representatives.
– The platform surfaces contextualized recommendations in real time and at the end of customer calls, storing newly detected information to enrich customer relationship management databases.

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Cloud Data Services Enterprise Software Machine Learning North America SaaS

Prophecy.io raises $6.75 million to expand its data engineering platform

– Prophecy.io today announced it has raised $6.75 million from SignalFire and MuleSoft founder Ross Mason at a post-money valuation of $30 million.
– The company says the funds, which come as it launches a software-as-a-service (SaaS) version of its product, will be put toward expanding its customer base and hiring new workers.
– It’s estimated that most data scientists spend only 20% of their time on actual data analysis and 80% of their time finding, cleaning, and reorganizing huge amounts of data.
– Despite the fact that investments in big data and AI now exceed $50 million for over 50% of companies, according to a 2019 NewVantage Partners survey, the percentage of firms identifying themselves as data-driven has declined in each of the past three years.

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Analytics Artificial Intelligence Document Management Legal Machine Learning North America Software Text Analytics

Evisort Pulls In $35M Series B Round

– Evisort from Silicon Valley today announced $35M in Series B funding following a year of 4x revenue growth.
– Global growth equity investor General Atlantic led the round, with participation from existing investors Amity Ventures, Microsoft’s venture fund M12, and Vertex Ventures.
General Atlantic‘s Operating Partner and former GE CIO Gary Reiner will join Evisort as a board member.
– The company will use the funds to grow its customer success team, expand its platform to include more workflow-specific offerings, and continue to push the boundaries of its pre-trained AI.

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Artificial Intelligence Information Technology Machine Learning North America Software

Aquarium scores $2.6M seed to refine machine learning model data

– Aquarium, a startup from two former Cruise employees, wants to help companies refine their machine learning model data more easily and move the models into production faster.
– The company raised $2.6m in seed funding led by Sequoia with participation from Y Combinator and a bunch of angel investors including Cruise co-founders Kyle Vogt and Dan Kan.
– Aquarium aims to solve this issue.
– The idea is to get a model into production that outperforms humans.
– Aquarium currently has 7 employees including the founders, of which three are women.

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Artificial Intelligence Content Discovery Enterprise Software Film Internet Machine Learning Media and Entertainment North America TV

WOC-Led Venture Capital Firm Fearless Fund Backs Data Analytics Platform Streamlytics

– The data platform, which quietly joined Fearless Fund’s portfolio last fall, was founded by technology and diversity pioneer Angela Benton in 2018.
– Streamlytics unifies and protects the troves of data produced by consumers across their digital footprint.
– This investment marks a milestone in Fearless Fund’s efforts to not only support WOC-founded businesses but also close the gap between the minority women who account for 89% of new businesses opened every day and the less than 1 percent of WOC-businesses who receive funding.

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Apps Family Information Technology Machine Learning North America

Maple launches with $3.5 million in funding to become the SaaS backoffice for the family

– Maple, a family tech platform, raised $3.5m in seed funding.
– The round was led by Inspired Capital and joined by Box Group, but also supported by Shopify President Harley Finkelstein and other angels.
– The platform is launching on iPhone and Android for all and onboarding new users from its waitlist over the next few weeks.
– Maple offers a social layer, a task-focused list of shared responsibilities, and a bourgeoning service marketplace that looks and feels a lot like the ecosystem Shopify has built for empowering e-commerce entrepreneurs.
– The platform will offer users the ability to tap others for help with tasks – these could be other family members added to the household, or the partners mentioned above (the plan is to bring on more, but to gate admittance initially while developing API endpoints that any company can potentially tap into).

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Analytics Artificial Intelligence Big Data Computer Vision Machine Learning Management Consulting Natural Language Processing North America Predictive Analytics

Impact Analytics Raises $11M led by Argentum to Accelerate Growth

– Impact Analytics has raised $11M led by Argentum to accelerate growth
– The company’s industry-leading, next-generation AI-driven technology platform powers SaaS solutions aimed at optimizing the forecasting, planning and merchandising functions for retailers and consumer packaged goods (CPG) manufacturers.
– Impact’s solutions are deployed at leading retailers, including Calvin Klein, Tommy Hilfiger, Puma, JoAnn and Belk.
– Several large private equity firms are actively encouraging their portfolio companies in the retail sector to adopt Impact’s solutions.
– Impact’s decisioning systems also enhance retailers’ sustainability efforts by helping them make more precise merchandising and allocation decisions, reducing waste and their carbon footprint.
– Impact Analytics was founded in 2013 by CEO Shachar Shemesh and CTO Lior Zalmanson.

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Baby Child Care Health Care Information Technology Machine Learning North America

GV Invests in Nanit to Support the Future of Connected Care for New Parents

– Nanit has raised $25m in Series C funding.
– The round was led by GV, with participation from existing investors Jerusalem Venture Partners, Upfront Ventures, RRE Ventures and Rho Capital Partners.
– Nanit is the technology company behind the most advanced smart monitoring system that connects parents to their baby’s health and well-being.
– Nanit’s market success is driven by its ability to provide parents with immediate information and personalized data on their baby and toddler’s health and well-being right to their phone.
– The solution starts with Nanit’s AI-powered overhead nursery camera which uses advanced computer vision technology to see and hear everything happening in and around the crib combined with machine learning and data-backed sleep science to provide actionable insights that help parents learn about their child’s development.

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Biopharma Biotechnology Life Science Machine Learning Manufacturing North America

AbSci Announces Strategic Investment

– AbSci announced a strategic equity investment by Merck Global Health Innovation Fund.
– Merck GHI is a fund of Merck Research Laboratories.
– AbSci is a leading synthetic biology company that translates ideas into drugs with a revolutionary platform technology that reinvents the biopharmaceutical drug discovery process.

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Artificial Intelligence Machine Learning North America SaaS

Botco.ai Closes Funding to Revolutionize the Healthcare Experience Through Intelligent Chat

– Botco.ai closed a $2.2m seed funding round.
– The round was led by Stout Street Capital and included participation from Sterling Road, PHX Ventures and Arizona Tech Investors.
– Botco.ai is an AI-powered marketing automation solution that facilitates meaningful and intelligent conversations between providers and consumers at scale.
– Botco.ai will use the capital for product development, including integrations with electronic health record systems and marketing automation platforms.
– Botco.ai is the first company funded out of Stout Street Capital‘s UNMET Conferences, a mission-driven company determined to attract venture capital investment to underserved regions of the US, and the UNMET Founders conference last year.

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