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Every week, AI Business brings you the latest startup news.
From funding rounds to acquisitions, and product launches to partnerships, AI Business covers all things artificial intelligence.
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Startup: Pyramid Analytics is a decision intelligence provider that works with brands in the health care, e-commerce and SaaS industries, among others.
Latest funding: $120 million, series E
Lead investor: H.I.G. Growth Partners
Other investors: Clal Insurance Enterprises Holdings, Kingfisher Capital, General Oriental Investments, JVP, Maor Investments, Sequoia Capital, Viola Growth.
Funding plans: The company wants to use the funds to finance international expansion, further enhance its products and both reward and retain talent covering customer success, marketing, sales and software engineering
Startup: Hugging Face is a New York-based provider of open source NLP technologies.
Latest funding: $100 million, series C
Lead investor: Lux Capital
Other investors: Sequoia, Coatue, Addition, Betaworks, AIX Ventures, Cygni Capital
Funding plans: With its newly raised funds, Hugging Face plans to “double down” on research, open source products and responsible democratization of AI.
Startup: Tifin developed an AI-powered wealth management platform designed to match investors with personalized investments.
Latest funding: $109 million, series D
Investors: Franklin Resources, Hamilton Lane, J.P. Morgan Asset Management, Morningstar,
Funding plans: The additional capital will support Tifin’s growth. The startup is also looking to expand outside the U.S.
Startup: Evisort is a no-code contract intelligence platform that looks through legal contracts for key clauses and metadata.
Latest funding: $100 million, series C
Lead investor: TCV
Other investors: Breyer Capital, General Atlantic, M12 (Microsoft’s venture capital fund), Amity Ventures and Vertex Ventures.
Funding plans: The company will the funds to expand its AI capabilities, enhance customer experience, and accelerate global growth.
Startup: Paymob is an Egyptian B2B merchant financial services platform.
Latest funding: $50 million, series B
Lead investors: PayPal Ventures, Kora Capital, Clay Point
Other investors: Helios Digital Ventures, British International Investment, Nclude, A15, FMO, Global Ventures
Funding plans: The cash will be used to expand the company’s product range and build out its ad expansion plans into new markets across the Middle East and Africa.
Startup: Keelvar is a Cork, Ireland-based procurement technology company working in the supply chain space
Latest funding: $24 million, series B
Lead investor: 83 North
Other investors: Elephant, Mosaic, Paua, Celonis co-founder Bastian Nomichacher
Funding plans: After tripling its team earlier this year, the startup is eyeing a U.S. expansion.
Startup: Voxel is a San Francisco-based startup integrating computer vision into workplace security cameras to identify hazards and operational inefficiencies.
Latest funding: $15 million, series A
Lead investor: Eclipse Ventures
Other investors: MTech, World Innovation Labs
Funding plans: After growing its team from eight to 30 in just five months, Voxel plans to use the funds to continue its growth
Startup: Salience Labs, spun out of the University of Oxford and the University of Münster, the Oxford-based startup wants to build ultra-high-speed, multi-chip processors.
Latest funding: $11.5 million, seed funding
Lead investor: Cambridge Innovation Capital, Oxford Science Enterprise
Other investors: Oxford Investment Consultants, former CEO of Dialog Semiconductor Jalal Bagherli, Silicon Catalyst, the Goh Family Office from Singapore and Arm-backed Deeptech Labs
Startup: Cogniteam is an Israeli robotics development company that developed NIMBUS, a robotics platform that effectively acts as an operating system for autonomous robots.
Latest funding: $5.6 million, series A
Investors: Seabarn Management, Panthera
Funding plans: Cogniteam will use the funds for product development, sales and support.
Startup: Bitfount developed a federated privacy-preserving platform for AI and data collaboration that trains ML models on decentralized data.
Latest funding: $5 million, seed funding
Investors: Ahren, Speedinvest
Funding plans: Bitfount will continue to undergo product development as well as expand its engineering and design teams
Startup: Lightly is a data curation company for ML wanting to help companies build better models through better data.
Latest funding: $3 million, seed funding
Investors: Wingman Ventures
Funding plans: The Swiss startup is planning to expand to Silicon Valley, as well as increase its headcount.