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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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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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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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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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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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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 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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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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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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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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Portcast gets $3.2M to create more transparent and sustainable supply chains

– Portcast, a logistics operating system, raised $3.2m in pre-Series A funding.
– The round was led by Newtown Partners, with participation from Wavemaker Partners, TMV, Innoport and SGInnovate.
– Based in Singapore, Portcast serves clients in Asia and Europe.

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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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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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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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AgTech Artificial Intelligence Machine Learning North America Robotics

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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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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Artificial Intelligence Machine Learning North America Software

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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Artificial Intelligence E-Learning EdTech Machine Learning North America

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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Artificial Intelligence Information Technology Machine Learning North America Software

Vannevar Labs Raises $12M in Series A Funding

– Vannevar Labs is a Palo Alto, CA-based provider of technology to solve critical national security problems.
– The company raised $12M in Series A funding.
– The round was co-led by Costanoa Ventures and Point72 Ventures with participation from General Catalyst.
– The company plans to use this latest funding to nearly double the team and invest in new product development.

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Artificial Intelligence Developer Tools Machine Learning North America Quality Assurance Software

testRigor scores $4M seed to turn a list of actions into a QA testing script

– Early-stage startup testRigor raised $4.1m in seed funding.
– Investors include FlashPoint VC, Y Combinator, PTV, Phystech Ventures and several individuals.
– The company has around 100 customers, including Netflix and other Fortune 500 companies.

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Artificial Intelligence Health Care Machine Learning Medical Device Natural Language Processing Western Europe

Abtrace Raises £2.1M in Seed Funding

– Abtrace is a London UK-based healthtech startup.
– The company raised £2.1M in seed funding.
– The round was led by Faber with participation from Ganexa Capital.
– The new investment will be used to roll out the technology to new GP practices across the UK and expand their engineering and data science teams.

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Artificial Intelligence Computer Vision FinTech Identity Management Machine Learning North America Security Software

Contactless Digital Identity AI Platform Vouched Announces $4.5M Financing Round

– Vouched, the developer of proprietary, AI-powered, real-time identity verification services, announced it has closed a $4.5M funding round.
– The financing was led by leading digital tech entrepreneur Darrell Cavens, alongside strategic investments from both banking and legal services firms.
– Vouched’s management team and investors now recognize the potential to verify hundreds of millions of citizen identities globally.

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WherEX Raises $7M in Series A Funding

– WherEX is a Santiago, Chile-based e-sourcing company.
– The company raised $7M in Series A funding.
– The round was led by Kayyak Ventures with participation from FJ Labs, Jaguar Ventures and Tuesday Capital.
– The new investment will be aimed at expanding to LatAm and the US market.

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Artificial Intelligence B2B Internet Machine Learning Marketing North America

GrowthGenius Secures $2.3M in Funding to Scale Sales Prospecting Automation Platform

– GrowthGenius, an all-in-one sales automation platform, announced the close of a C$2.3M investment round led by FirePower Capital’s private equity arm.
– The new funding, which will be a mix of term debt and equity, aims to accelerate the nearly 200% annualized revenue growth since the beginning of the year.
– GrowthGenius was founded in 2016 to help companies automate sales prospecting so that the people at those companies could focus on more valuable work.
– GrowthGenius operated for 3 years as a tech-backed sales agency before launching its sales prospecting automation software publicly in 2020.
– “GrowthGenius combines the power of sales automation technology with the insights and perspective of sales consultants to provide a highly effective offering,” said the founders.

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Monolith AI Raises £8.5M in Series A Funding

– Monolith AI, a UK AI engineering software company, raised £8.5M in Series A funding.
– The round was led by Insight Partners with participation from existing investors Pentech and Touchstone, Alejandro Agag, the founder of Formula E and Extreme E, Apex Black and the Stanford Angels of the UK.
– The new investment will be used to accelerate the company’s international client base and continue to develop its 3D machine learning technology.

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Artificial Intelligence Compliance Financial Services FinTech Information Services Information Technology Machine Learning North America Publishing

Regology Raises $8M Series A to Scale AI-based Regulatory Compliance Platform

– Regology announced an $8m Series A round led by ACME Capital.
– Regology offers an AI-enabled platform that actively tracks regulatory updates, allowing companies to dynamically monitor changes to business-relevant laws, identify emerging risks and fines, and set up controls to ensure legal requirements are being met.
– Based on Regology’s market analysis, in 2020 Global 500 companies spent more than $400 billion on regulatory compliance, yet were fined over $20 billion.
– The Regology platform aims to solve this gap by providing companies instant access to law progressions, from initial bill to law passage, to subsequent publication coverage and updates across jurisdictions.
– Its proprietary AI algorithm allows companies to track regulatory updates in real time at the industry, product and functional level, ensuring their business keeps pace with the dynamics of regulations.

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Artificial Intelligence Machine Learning North America Risk Management

Ferret Raises $4M Seed Round to Scale the First ‘Relationship Intelligence’ Platform

– Ferret, the first ‘relationship intelligence’ platform, announced a $4M seed investment.
Artesian and 30+ angel investors, including Paul Grinberg, chairman of the Axos Bank, participated in this round.
– The funding will fuel the acquisition and collection of exclusive data, and expand artificial intelligence search, monitoring, and natural language processing capabilities.
– Ferret is an AI platform architected from the ground up to empower companies and individuals with real-time, unbiased intelligence to identify risks and embrace opportunities.
– Delivered via an easy-to-use mobile app, Ferret has exclusive access to NominoData’s proprietary risk management data, which was previously only available to the financial industry and trusted by thousands of institutions worldwide for the past 12 years.

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Aiera Lands Strategic Capital

– Aiera is the only LIVE event monitoring & financial search platform covering all available Wall Street events, providing real-time transcription, one-click audio, DVR-style live audio controls, smart document search, dynamic alerts, and seamless team collaboration via bookmarks and note taking.
– The company announce about closing of a strategic round.
– Backers include Citigroup, Franklin Templeton, and Fin Venture Capital.

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Techcyte Closes $21 Million Funding Round

– Techcyte Inc. closed a $21m funding round to accelerate commercialization of its digital clinical pathology platform.
– Techcyte’s clinical pathology platform is a complete solution for digital slide management and image analysis, including a slide viewer, lab workflow and integration with whole slide scanners and lab information systems.
– It is HIPAA compliant and received the CE mark in 2020. An FDA clinical validation study is close to completion and will be submitted to the FDA by the end of the year.
– Techcyte is a spin-out of ARUP Laboratories, a leading reference lab in the US.

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Balto Raises $37.5M; Pushes to Close Execution Gap for Contact Centers

– Balto announced the completion of a $37.5m Series B funding round.
– The funding was led by Stripes and joined by RingCentral Ventures.
– Existing investors that participated include Sierra Ventures, TIA Ventures, OCA Ventures, Stage Venture Partners, SaaS Venture Capital, Sandalphon Capital, Cultivation Capital, and Atreides Management.
– The funding comes on the heels of Balto’s two latest product releases and as Balto’s Real-Time Platform surpasses 75 million guided calls and 160 million Real-Time Recommendations.

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Gaiascope Raises $2M in Seed Funding

– Gaiascope is a Boston MA-based wholesale electricity price forecasting company.
– Company raised $2M in seed funding.
– The round was led by VoLo Earth Ventures with participation from Khosla Ventures and Y-Combinator.
– The new investment will be used to expand the company’s business reach.

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OSARO Raises $30 Million Series C Round Led by Octave Ventures

– OSARO has announced the completion of a series C funding round led by Octave Ventures.
– The new round brings OSARO’s total funding to date to $67.5m.
– New investors include J17 Capital, and Tomales Bay Capital.
– Existing investors AME Cloud Ventures, iRobot Corporation, King River Capital, and Founders Fund also participated.
– OSARO plans to use this latest investment to accelerate global growth through market expansion and hiring, as well as extending its solution and support offerings.
– The company will also continue to enhance its core technology capabilities, including leveraging its machine learning platform into new automation applications.
– OSARO’s solutions currently enable logistics operators to scale e-commerce order fulfillment, inventory induction & extraction, sortation, and singulation.

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TrustLayer Raises $15M to Build the Future of Insurance Verification

– TrustLayer, a collaborative risk management platform, announced it has closed a Series A funding round of $15.1m.
Craft Ventures led the round with participation from Abstract Ventures, Box Group, Propel Venture Partners, NFP Ventures, Sure Ventures, and PruVen Capital.
– TrustLayer is the preferred solution to replace the insurance industry’s antiquated, paper-based methods for verifying coverage, introducing significant risk to supplier-driven sectors such as construction, banking, property management, and sports entertainment.

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Uizard Raises $15M in Series A Funding Led by Global ScaleUp Investor Insight Partners

– Copenhagen-based Uizard, the world’s first AI-powered digital design assistant for non-designers, announced that it has raised $15m in Series A funding.
– The funding was led by New York-based global private equity and venture capital firm Insight Partners, with participation from Mariano Suarez-Battan, CEO and Co-Founder of Mural, and existing investors byFounders, LDV Capital and av8 Ventures.
– Uizard will use the funding to grow its marketing and commercial teams and hire new talent globally, with a focus on Europe.

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Imubit Raises $30M In Funding

– Imubit from Houston, TX develops an AI process optimization solution that enables hydrocarbon processing plant operators to discover, engineer and monetize process optimization opportunities.
– The company raised $30m in funding.
– The round was led by Zeev Ventures and Insight Partners, with participation from existing investors Spider Capital and UpWest.
– The new investment will be used to bring the company’s Closed Loop Neural Network platform to every process manufacturing plant around the globe.

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ClosedLoop.ai Raises $34M in Series B Funding

– ClosedLoop.ai from Austin develops a healthcare’s data science platform using artificial intelligence to improve outcomes and reduce costs.
– Series B $34m round was led by Telstra Ventures with participation from Breyer Capital, Greycroft Ventures, .406 Ventures, and Healthfirst, with participation from angel investors Adam Boehler (former director of CMMI & CEO of Rubicon Founders) and Sam Palmisano (former CEO of IBM).
– The new investment will be aimed at further expanding the reach of its artificial intelligence solutions.

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Sales enablement platform Seismic acquires Lessonly, nabs $170M

– Seismic, a sales enablement and marketing orchestration platform based in San Diego, California, announced that it closed a $170 million series G round led by Permira, JMI Equity, Lightspeed Venture Partners, Jackson Square Ventures, Ameriprise, and funds and accounts advised by T. Rowe Price.
– The latest funding, which brings Seismic’s valuation to $3 billion and total raised to $440 million, comes as the company acquires Lessonly, an Indianapolis, Indiana-based developer of sales training, coaching, and enablement solutions.
– The sales enablement platform market, which is expected to be worth $2.6 billion by 2024, continued to grow throughout the pandemic — largely driven by the shift to remote work.

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Baffle Raises $20M in Series B to Protect Cloud Data with Celesta Capital as Lead Investor

– Baffle, Inc. announced that it has raised $20m in Series B funding led by new investor Celesta Capital, with contributions from National Grid Partners, Lytical Ventures and Nepenthe Capital, and follow-on investments from True Ventures, Greenspring Associates, Clearvision Ventures, Engineering Capital and Triphammer Ventures.
– Baffle’s no-code, simple-to-deploy security mesh takes a data-centric approach at cloud scale without a performance impact or changes to applications. Baffle is the only data-centric security solution that universally protects data as it’s created, stored and processed, from any source to any destination, on premises or in the cloud, no matter where it lives.

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retrain.ai Raises $7M in Funding

– retrain.ai, a NYC-based Talent Intelligence Platform, raised an additional $7m in funding.
– Backers included current investors Square Peg, Hetz Ventures, TechAviv, .406 Ventures and Schusterman Family Investments and new investor Splunk Ventures.
– The company intends to use the funds for U.S. expansion, hiring of key talent and product development.

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Part Analytics Closes $3M Equity Financing

– Part Analytics, a Milwaukee, WI – based direct sourcing software platform that applies artificial intelligence to reduce costs, identify hidden risks and accelerate product development for global manufacturing companies, closed a $3m equity financing.
MK Capital made the investment.
– The company intends to use the funds to accelerate the adoption of AI-powered technologies into direct procurement processes in manufacturing; and further enhance its Design to Source platform.

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People.ai Collects $100M in Series D

– People.ai, a revenue operations and intelligence platform, announced $100m in Series D funding at a $1.1b post-money valuation.
– The round was co-led by Mike Dinsdale of Akkadian Ventures and Abdulla AlBanna of Mubadala Capital, with participation from existing investors including ICONIQ Capital and Lightspeed Venture Partners.
– People.ai’s patented AI technology, transforms business activity such as email, meetings, and contacts, into account and opportunity management solutions that increase sales rep productivity, accelerates revenue growth, and maximizes marketing ROI.

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Artificial Intelligence Enterprise Software Machine Learning North America

Doxel raises $40M from Insight, a16z to become the ‘Waze for construction’

– Doxel, which has developed software that uses computer vision to help track and monitor progress on construction job sites, announced that it has raised $40 million in Series B funding.
Insight Partners led the round, which included participation from existing backers Andreessen Horowitz and Amplo and brings the startup’s total raised to $56.5 million since its December 2015 inception.

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Conversational AI Leader Senseforth.ai Raises $14 Million from Fractal

– Senseforth.ai announced a $14m investment from Fractal, a global provider of AI and analytics solutions to Fortune 500 companies.
– This investment will help Senseforth.ai scale and expand its footprint across Fractal’s clients globally.
– This investment also strengthens Fractal‘s conversational AI offerings as it advances on its mission to power every human decision in the enterprise.

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Intelligencia Raises $12M to Reduce the Risk of Clinical Research, Improve R&D Productivity, and Accelerate Scientific Breakthroughs

– Intelligencia, whose AI-driven software platform enables pharmaceutical and biotechnology companies to revolutionize the drug development process and reduce risk, has raised $12M in order to continue to expand its product offering and customer base.
– Healthtech investor MTIP led the oversubscribed Series A round, joined by several of the company’s existing investors, including Big Pi Ventures and Synetro Group. ZS, a global professional services firm that leverages deep analytics and biopharmaceutical industry expertise to help companies and their customers thrive, has also participated in this round.
– The company’s founders, Dimitrios Skaltsas and Vangelis Vergetis, met while at McKinsey & Company, and have spent more than a decade in the intersection of clinical development, data science, and technology solutions.

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XpertSea Raises $20 Million Series B to Transform the Seafood Economy through Finance and Technology

– XpertSea, a Canadian company transforming how seafood is farmed and traded, announced it has closed a $20M USD Series B funding round.
– The round was led by QED Investors and Atlantico with Investissement Quebec joining previous investors Obvious Ventures, Aqua-Spark, Tony Fadell’s Future Shape, Real Ventures and edō Capital.
– QED partner Lauren Morton will join XpertSea’s board, resulting in both an executive team and a board where women are in the majority.
– By 2050 our planet will need 70% more food production to feed 10 billion people. Aquaculture represents one of the most efficient and sustainable ways to supply that quality protein, but technology gaps and the lack of financial services to underbanked farmers are major barriers to growth.

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Blue J Raises $9M in Series B Funding, Adds Key Personnel, Announces New Tax Diagramming Solution

– Blue J, the leading provider of predictive analysis tools for tax positions, announces that the company has raised US$9M in Series B financing led by Generation Ventures. The round includes participation from returning investors Relay Ventures, Mistral Venture Partners and LDV Partners.
– In conjunction with the financing, Geoff Beattie, Chairman of Generation Ventures, is joining Blue J’s board of directors.

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Vesttoo Raises $6M in Series A Funding

– Vesttoo, a Tel Aviv, Israel-based Alternative Reinsurance and Investment platform, raised $6m in Series A funding.
– The round was led by Hanaco Ventures.
– The company intends to use the funds to further develop its offerings.

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Latent AI, which says it can compress common AI models by 10x, lands some key backing

– Latent AI, a now three-year-old, Menlo Park, Ca.-based startup, just closed on $19m in Series A funding in a round co-led by Future Ventures and Blackhorn Ventures, with participation from Booz Allen, Lockheed Martin, 40 North Ventures, and Autotech Ventures.
– The company has now raised $22.5m altogether.

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Deepbrain boosts AI-powered virtual avatars with $44M raise

– Deepbrain AI (formerly Moneybrain), a conversational AI startup based in Seoul, South Korea, has raised $44m in a series B round led by Korea Development Bank at a post-money valuation of $180m.
– The capital will be used to expand the company’s customer base and operations globally, CEO Eric Jang said in a statement, with a particular emphasis on the U.S.
– Deepbrain provides a range of AI-powered customer service products, but its focus is on “synthetic humans,” or human-like avatars that respond to natural language questions.

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Siga secures $8.1M Series B to prevent cyberattacks on critical infrastructure

– Israeli cybersecurity startup Siga OT Solutions raised $8.1m in Series B funding.
– The round was led by PureTerra Ventures, with investment from Israeli venture fund SIBF, Moore Capital and Phoenix Contact.
– The company plans to use the funding to accelerate its sales and strategic collaborations internationally.

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Privacy-oriented search app Xayn raises $12M from Japanese backers to go into devices

– Berlin-based Xayn, a personalized search engine, raised $12m in Series A funding.
– The round was led by Global Brain and KDDI (a Japanese telecommunications operator), with participation from previous backers, including the Earlybird VC in Berlin.
– Xayn’s total financing now comes to more than $23m.
– The company will now focus on the Asian market, starting with Japan, as well as Europe.

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Data labeling platform Snorkel AI nabs $85M

– Data labeling platform Snorkel AI announced it has raised $85 million in a series C round co-led by Addition and funds and accounts managed by BlackRock, with participation from Greylock, GV, Lightspeed Venture Partners, Nepenthe Capital, and Walden.
– The round, which brings Snorkel’s total raised to $135 million and its valuation to $1 billion, will be used to continue scaling its engineering team, according to CEO Alex Ratner.

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