AI startup roundup: Digital payments and supply chain visibility

Also - AI-powered tools for wildfire detection, auditing AI technologies and customer engagement

Ben Wodecki

October 10, 2022

3 Min Read

Also - AI-powered tools for wildfire detection, auditing AI technologies and customer engagement

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Funding blitz

Startup: Satispay - Headquartered in Cuneo, Italy, the fintech startup is a payment app and digital wallet with around three million customers.

Latest funding: $310 million, series D

Lead investors: Addition – New York-based VC firm that invests in early and growth-stage tech companies

Other investors: Greyhound Capital, Lightrock, Block, Tencent, Gestione Fondi

Funding plans: “We will continue to invest and grow, becoming more and more Europe’s super network,” CEO and Co-founder Alberto Dalmasso said in a LinkedIn post.

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Startup: Altana - New-York based supply chain visibility startup. Its platform takes public and non-public data and turns it into an intelligent, shared model of the global supply chain.

Latest funding: $100 million, series B

Lead investors: Activate Capital – San Francisco-based VC firm that invests in industrial-focused, high-growth companies developing transformative technologies.

Other investors: OMERS Ventures, GV, Prologis Ventures, Reefknot Investments, Amadeus Capital Partners

Funding plans: The investment will fund what Altana describes as an “aggressive” platform and product development to “empower the world’s governments, logistics providers and businesses to build trusted supply chain networks on a shared source of truth.”

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Startup: Connex One - Based in Manchester, England, the startup offers an AI-powered customer engagement platform that provides omnichannel communication and business automation.

Latest funding: $102 million (£93m), minority equity stake

Investors: GP Bullhound - London-based technology advisory and investment firm

Funding plans: “The investment will enable the company to continue to scale its global operations and further establish its position as a market leader,” according to an announcement.

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Startup: Diveplane - the Raleigh, North Carolina startup is developing technologies allowing businesses to develop interpretable and auditable AI tools.

Latest funding: $25 million, series A

Lead investors: Shield Capital - San Francisco-based VC firm that backs startups developing frontier technologies

Other investors: Calibrate Ventures, L3Harris Technologies, Sigma Defense

Funding plans: Diveplane said the funds will provide the company with the opportunity to invest further in its AI solutions.

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Startup: Pano AI - San Francisco-based tech company developing AI-powered tools for wildfire detection.

Latest funding: $20 million, series A

Lead investors: Initialized Capital – San Francisco-based VC firm that backs early stage startups. Investments included Coinbase, Instacart and Cruise.

Other investors: Congruent Ventures, Convective Capital, DCVC, January Ventures, Quiet Capital

Funding plans: Pano plans to use the new capital for the geographical expansion of its AI solution to cover more communities.

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Startup: Xembly - Seattle-based startup developing conversational AI tools for workplace strategic planning and support.

Latest funding: $15 million, series A

Lead investors: Norwest Venture Partners – Palo Alto, California-based VC and growth equity investment firm focusing on consumer, enterprise and health care sectors

Other investors: Lightspeed Venture Partners, Ascend, Seven Peaks Ventures, Flex Capital.

Funding plans: Xembly will use the capital to augment its natural language processing and machine learning capabilities, and expand its customer footprint.

About the Authors

Ben Wodecki

Assistant Editor

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