October 10, 2022
Also - AI-powered tools for wildfire detection, auditing AI technologies and customer engagement
Every week, AI Business brings you the latest startup news.
From funding rounds to acquisitions, product launches to partnerships, AI Business covers everything artificial intelligence.
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.
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.”
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.
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.
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.
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.