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May 29, 2023
Every week, AI Business brings you the latest startup news.
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AI marketing platform Insider helps enterprise marketers connect customer data across channels and systems. The company’s AI engine enables marketers to predict future behavior and build individualized customer experiences.
Latest funding: $105 million, venture round
Investors: Qatar Investment Authority (QIA), Esas Private Equity
Funding plans: Insider said the funds will be used exclusively to accelerate its M&A strategy to build upon the company’s existing technology and capabilities.
A London-based startup that provides a platform to help organizations build, test and deploy data products. DataOps.live’s products are designed to automate repetitive tasks when building and maintaining data products.
Latest funding: $17.5 million, series A
Investors: Notion Capital, Anthos Capital, Snowflake Ventures.
Funding plans: With the new funding, DataOps.live plans to further develop its platform and expand its team.
Formerly Rally, Canadian startup Spellbook leverages generative AI to support lawyers. Using fine-tuned large language models, its tools help draft and review legal contracts to save lawyers time.
Latest funding: $10.9 million, series A
Lead investor: Moxxie Ventures
Other investors: Thomson Reuters Ventures, Inovia Capital, The LegalTech Fund, Bling Capital, N49P, Concrete Ventures, Good News Ventures, Venture Newfoundland & Labrador
Funding plans: The newly raised capital will be used to support hiring as well as an expansion to its R&D work.
UrbanChain runs a peer-to-peer (P2P) energy exchange in the U.K., a nascent market and trading platform for renewables. The Manchester-headquartered energy technology company uses a combination of blockchain and AI to match generators of renewable energy and consumers on a half-hourly basis.
Latest funding: $6.5 million, series A
Lead investor: Eurazeo
Funding plans: UrbanChain is looking to expand into new international markets, starting in Ireland. The firm will also enhance its technology infrastructure and double its workforce by December 2023.
Based in Mountain View, California, Gan.ai develops software enabling users to generate customized videos.
Latest funding: $5.25 million, seed round
Lead investors: Surge, Sequoia Capital India and Southeast Asia
Other investors: Emergent Ventures
Funding plans: Gan.ai will use the cash to accelerate its expansion, including hiring a new engineering team.
Read more about:ChatGPT / Generative AI
Ben Wodecki is the Jr. Editor of AI Business, covering a wide range of AI content. Ben joined the team in March 2021 as assistant editor and was promoted to Jr. Editor. He has written for The New Statesman, Intellectual Property Magazine, and The Telegraph India, among others. He holds an MSc in Digital Journalism from Middlesex University.
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