AI Startup Roundup: Neureality Snags $35 million for AI ChipsAI Startup Roundup: Neureality Snags $35M for AI Chips
Also, funding raises for Ubie, Protopia AI, Uplinq and more.
December 12, 2022
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Startup: Neureality - Based in Caesarea, Israel, Neutrality is a semiconductor startup developing AI chips for use cases including computer vision and natural language processing.
Latest funding: $35 million, series A
Lead investors: Samsung Ventures, Cardumen Capital, Varana Capital, OurCrowd, XT Hi-Tech
Other investors: SK Hynix, Cleveland Avenue, Korean Investment Partners, StoneBridge, Glory Ventures
Funding plans: In an interview with AI Business at the AI Summit New York, founder and CEO Moshe Tanach said the funds will go towards completing the production of its chip, which is due to launch in early 2023.
Startup: Ubie - Tokyo-based health care startup that’s built an AI-powered symptom checker. Ubie’s patient questionnaire guides patients from symptoms to appropriate medical care.
Latest funding: $19 million, series C extension (series C total: $45 million)
Investors: Sogo Medical Co., AAIC Investment, Japan Impact Investment II, Rakuten Capital
Funding plans: The startup said that the new funding will enable Ubie to accelerate its growth and strengthen its presence in the U.S., following strong interest and traction in that market.
Startup: Protopia AI - Based in Austin, Texas, Protopia has developed a solution designed to anonymize user data. Its Stained Glass Transform software uses ML to identify data while obscuring personal information.
Latest funding: $6 million, seed funding
Lead investors: ATX Venture Partners
Other investors: Galaxy Interactive, Silverton Partners, DNX Ventures
Funding plans: Portopia wants to hire more engineers and product development team members. Its software is currently in beta-testing in the finance, health care and government sectors.
Startup: Uplinq - Arizona-based startup developing automated bookkeeping tax solutions. Uplinq’s offerings provide small business owners with ways to gain actionable insights from financial data.
Latest funding: $5.6 million, seed round
Lead investors: AZ-VC
Other investors: Live Oak Ventures, Merus Capital and “members of the Kuwaiti Royal Family.”
Funding plans: The funding will be used to scale Uplinq's marketing efficiency, sales power, engineering capabilities and customer delivery departments, a press release reads.
Startup: Pathway - Founded in 2020, Pathway allows developers to create a Python-based programming framework designed to provide insights on data in real time using ML.
Latest funding: $4.5 million, pre-seed round
Lead investors: Inovo and Market One Capital
Other investors: Former DHL CEO Roger Crook
Startup: Pixyle AI - Founded in 2018, Pixyle’s image recognition solutions are built to enable fashion retailers to improve efficiency in catalog management and provide better online shopping experiences.
Latest funding: $1 million, seed round
Lead investors: South Central Ventures
Funding plans: Pixyle will use the seed funding round to expand its geographic reach, enhance its product offering and move into new verticals.
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