May 30, 2022
Also - digital postage solutions, fintech tools for renters
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: Rivery - provider of SaaS solutions designed to create the optimal data stack. Its products help data teams avoid complex issues that come with managing fragmented data stacks.
Latest funding: $30 million, series B
Lead investors: Tiger Global Management
Other investors: State Of Mind Ventures, Entrée Capital
Funding plans: Rivery will look to grow its teams in New York and Tel Aviv and expand to London. It will use the cash to double down on its R&D and product efforts.
Startup: Curious Thing - Conversational AI tools that ask users questions for use in settings like e-commerce and financial services
Latest funding: $4.8 million, pre-series A
Lead investors: Hawkstone
Other investors: Black Sheep Capital, January Capital, Reinventure and Qualgro
Funding plans: Currently in Australia, the company plans to expand to the U.S. and Southeast Asia.
Startup: Stamp Free Limited - a provider of digital postage solutions, the company’s offerings are designed to send and receive parcels with ease
Latest funding: $757,000, seed round
Investors: R42 Group, Cambridge Angels
Funding plans: Stamp Free will use the cash to increase marketing activities and product development.
Startup: Jetty - A fintech firm focusing on the rent market - replacing traditional cash deposits with low-cost surety bonds
Latest funding: Undisclosed
Investors: PayPal Ventures and Experian Ventures
Funding plans: The undisclosed sum will be put towards growing its current product portfolio as well as expanding into new lines, including a credit building service.
In other news
Iterate.ai launches Interplay 7
The San Jose-based company has unveiled a platform designed to help brands build low-code applications.
The solution supports AI workflows, with data scientists able to import code written on Jupyter.
“Interplay 7 will absolutely supercharge application development for enterprises working to outpace competitors and get new products and innovations to market,” said Brian Sathianathan, CTO of Iterate.ai.