AI startup roundup: Decision intelligence, open source NLP and B2B fintechs

Also: Photonic chips, robotic operating systems, workplace computer vision

Ben Wodecki

May 16, 2022

4 Min Read

Also: Photonic chips, robotic operating systems, workplace computer vision

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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

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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.

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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.

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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.

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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.

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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.

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Startup: Voxel is a San Francisco-based startup integrating computer vision into workplace security cameras to identify hazards and operational inefficiencies.

Figure 1:

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

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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

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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.

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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

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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 Authors

Ben Wodecki

Assistant Editor

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