May 16, 2022
Also: Photonic chips, robotic operating systems, workplace computer vision
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.
Be sure to check out the deals and products roundup and subscribe to the AI Business newsletter to get content straight to your inbox.
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.
About the Author(s)
You May Also Like