May 23, 2022
Also - ML tools that monitor electrical infrastructure, public transport planning
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Startup: Inflection AI is a developer of AI software products designed to make computers understand plain language founded by DeepMind co-founder Mustafa Suleyman and LinkedIn co-founder Reid Hoffman.
Latest funding: $225 million
Funding plans: Undisclosed
here where Hoffman and Suleyman talks about AI, as partners in VC firm Greylock. - Startup: Optibus is headquartered in Tel Aviv and offers an end-to-end software platform for public transportation planning and operations. Latest funding: $100 million, series D Investors: Insight Partners, Bessemer Venture Partners, Verizon Ventures, Pitango First & Pitango Growth, Tencent, SOMV Momentum, BlueRed Partners Funding plans: Optibus plans to expand its software platform to cover all public transportation planning and operations. It’s also looking to expand into new product and service offerings including real-time operations and electric vehicle management. - Startup: Metatheory is an entertainment company attempting to build Web3 games and virtual worlds. Latest funding: $24 million, series A Lead investor: Andreessen Horowitz Other investors: Pantera Capital, FTX Ventures, Breyer Capital, Merit Circle, Recharge Thematic Ventures, Dragonfly Capital Partners, Daedalus, Sfermion, Global Coin Research Funding plans: Metatheory wants to build virtual worlds with franchisable IPs. Its first game, DuskBreakers, launched last December, selling 10,000 NFTS in just six days. - Startup: Tractian is a Brazilian-based developer of tools that monitor machines and electrical infrastructure. Latest funding: $15 million, series A Lead investor: Next47 Other investors: Y Combinator Funding plans: The company will continue to develop its product while looking to expand its team size and geographical presence. - Startup: ZMO.ai is a Chinese company using ML technologies to generate virtual models for e-commerce clothing sites. Latest funding: $8 million, series A Lead investor: GL Ventures Other investors: GGV Capital, GSR Ventures Funding plans: ZMO wants to try other models, like GPT-3, to allow the models to talk. - Startup: Kaizan is a London-based company that is building client intelligence platforms to help companies grow revenue. Latest funding: $1.2 million, pre-seeding funding Lead investor: Jigsaw Other investors: Entrepreneur First, Charlotte St Capital, Founders Factory, Silicon Roundabout Ventures, NICE, Ledger, IPONWEB, MIQ, Gtmhub Funding plans: Kaizan plans to use the funds to continue its R&D Startup: Cyscale is a British developer of a cloud-monitoring platform to enable better visibility and security. Cyscale founders Ovidiu Cical, right, and Manuela Ticudean, left. Latest funding: $3.2 million, Lead investor: Notion Capital Other investors: Seedcamp, GapMinder, founder of Wercker Micha Hernandez van Leuffen, and David Mytton, founder of Console.dev and Server Density Funding plans: The funding will be used to grow the team and enable international expansion - In other news Venture capital firm Flying Fish launches $70 million AI/ML fund The Seattle-based VC plans to invest in early-stage machine learning and artificial intelligence startups across the U.S. This is Flying Fish's second fund; its first was a $37 million fund that primarily focused on tech startups in the Pacific Northwest. It has previously backed the likes of smart calendar tool makers Reclaim.ai, virtual assistant developers Finn AI and e-commerce startup MessageYes, which was acquired by Nordstrom.