October 17, 2022
Also – Chinese generative AI company and no-code AI platform for non-technical users
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From funding rounds to acquisitions, product launches to partnerships, AI Business covers everything artificial intelligence.
Startup: Kneron – a full-stack edge AI hardware and software company whose products resolve latency, security and cost issues. It is based in San Diego, California.
Latest funding: $48 million, series B
Lead investor: Horizons Ventures
Other investors: Foxconn, LITEON, ADATA, family office of a major Taiwanese financial institution
Funding plans: Tape-out a next generation of innovative chips
Startup: Tiamat – a generative AI platform in China that transforms texts to images.
Latest funding: Several million (exact amount undisclosed), according to 36kr, a Chinese media outlet. It is based in Shanghai, China.
Lead investor: DCM
Figure 1: Image credit: 36kr
Other investors: Angel investors
Funding plans: Further develop its platform with a focus on selling its service to businesses. It seeks to disrupt the global market for stock images, valued at an estimated $300 billion.
Startup: Insite AI – a provider of AI-driven category and revenue growth management solutions for consumer brands. Its platform helps brands create assortment, space, pricing and trade promotion strategies. It is based in Bee Cave, Texas. The company said revenue has tripled in the last 15 months.
Latest funding: $19 million, series A
Lead investors: NewRoad Capital and M12 (Microsoft’s venture fund)
Funding plans: Further develop the business
Startup: Levity – developer of a no-code AI platform aimed at letting non-technical users build their own workflow automations. It is based in Berlin, Germany.
Latest funding: $8.3 million, seed round
Lead investors: Balderton Capital and Chalfen Ventures
Funding plans: Accelerate plans to build a leading no-code AI workflow automation platform
Startup: Quantpi – a Saarland, Germany-based provider of an explainable AI technology that addresses legal, commercial and reputational risks in AI solutions.
Latest funding: €2.5 million ($2.46 million), pre-seed round
Lead investor: First Momentum Ventures
Other investors: Capnamic Ventures, angel investors
Funding plans: Scale its platform
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