December 19, 2022
Every week, AI Business brings you the latest startup news.
From funding rounds to acquisitions, product launches to partnerships, AI Business covers everything artificial intelligence.
Startup: Dataiku - DIY analytics startup based in New York. According to the company, self-service analytics refers to the “enablement of users across an organization to access data and generate insights without the intervention of a deep technical expert or with minimal support.”
The company, which serves more than 150 of the world’s largest companies, disclosed that annual recurring revenue has topped $150 million. It has been named to the Forbes Cloud 100 and Forbes AI 50 lists, among other accolades.
Latest funding: $200 million, series F
Lead investor: Wellington Management
Funding plans: The series F brings Dataiku’s valuation to $3.7 billion with funds raised since inception totaling $600 million. This latest investment will help accelerate its platform capabilities and prepare the business for its next phase of growth.
Startup: NotCo – Chilean food tech startup behind Giuseppe, the AI tool that matches animal proteins to their ideal replacements among thousands of plant-based ingredients. The proprietary tech holds 12 U.S. patents.
It has a joint venture with Kraft Heinz to create plant-based versions of the food giant’s products. NotCo also created a new B2B platform to license its technology to other food and beverage manufacturers.
In 2020, it launched its NotMilk product at Whole Foods Market. Currently, its NotBurger and NotChicken products can be found in Costco, Sprouts, Wegmans, Fresh Direct, Amazon and other stores.
Latest funding: $70 million, series D1
Lead investor: Princeville Capital
Other investors: Bezos Expeditions, Tiger Global, L Catterton, Kaszek Ventures, Future Positive, The Craftory
Funding plans: The funds will support its new B2B platform to accelerate advancement of the plant-based industry.
Startup: Vic.ai - New York-based startup offering an accounting automation platform that lets users to automate tasks like invoice processing. It claims a 99% accuracy in processing invoices.
Vic.ai said its annual recurring revenue has tripled since last year and the active user base has risen by 280%. The company expects “strong” growth in 2023.
Latest funding: $52 million, series C
Lead investors: GGV Capital and ICONIQ Growth
Other investors: Cowboy Ventures and Costanoa Ventures
Funding plans: Vic.ai said it plans to use the new funding to add modules to its platform in 2023 to help enterprises optimize their finance processes and make more informed data-driven decisions. Its next phase of growth looks to expand into credit cards, purchase orders and bill payment.
Startup: Sana Labs - Based in Stockholm, Sana offers an AI-powered learning platform allowing organizations to consolidate their learning and “capture, organize and personalize all their institutional knowledge.” Its semantic search enables employees to find the information they need anywhere in their organization. The platform indexes tools such as Slack, Salesforce, LinkedIn Learning, Google Workplace and Notion.
Latest funding: $34 million, series B
Lead investor: Menlo Ventures
Other investors: EQT Ventures and others
Funding plans: The company will use the new capital for product development and add to staff in Stockholm, London and New York.
Startup: Sphere Technology Solutions - New Jersey-based cybersecurity startup developing software and services to verify the identities of users and limit their system access to only the resources they need.
Latest funding: $31 million, series B
Lead investor: Edison Partners
Other investors: Forgepoint Capital
Funding plans: Sphere said the new investment will accelerate growth and expand its SaaS identity hygiene platform.
Startup: Basecamp Research- A London-based company behind an ML-powered metagenomics platform to design protein products based on natural biodiversity.
Latest funding: $20 million, series A
Lead investor: Systemiq Ventures
Other investors: Valo, Blue Horizon, True Ventures, and Hummingbird Ventures
Funding plans: Funds will be used to expand the team, fully validate internal products and continue building a product portfolio in industries such as pharmaceuticals, nutrition, agriculture and consumer goods.
Startup: Voiceitt- Israeli company developing an automatic speech recognition technology platform for people with speech disabilities.
Latest funding: $4.7 million, venture round
Lead investor: T3 Technion Technology
Other investors: Cisco Investments, 3CC | Third Culture Capital
Funding plans: The company will continue to expand its voice recordings database and accelerate its algorithmic development.
Startup: Akros Technologies – Korean startup offering an AI-powered asset management platform.
Latest funding: $2.3 million, venture round
Lead investor: Z Holdings
Funding plans: Akros plans to scale its software platform and asset management products, as well as increase its number of users, according to TechCrunch.
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