November 14, 2022
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: Lentra - an Indian-based SaaS fintech platform offering digital lending solutions to banks.
Latest funding: $60 million, series B
Lead investors: Bessemer Venture Partners, Susquehanna International Group
Other investors: Citi Ventures
Funding plans: Lentra will use the funds to expand into Asian markets, including Vietnam and the Philippines, as well as the U.S.
Startup: Beekeeper - Based in Zurich, Switzerland, Beekeeper is a digital workplace app allowing employee communications to take place in one secure platform.
Latest funding: $50 million, series C
Investors: Verve Capital, EGSB, Kreos Capital, Thayer, SwissCanto
Funding plans: Beekeeper said the funds will be used to roll out its Frontline Success System to the global market. The startup also wants to continue investing in product development.
Startup: Mem - California-based startup developing an AI-powered app for workplace organization and note-taking.
Latest funding: $23.5 million, series A
Investor: OpenAI Startup Fund
Funding plans: With the company’s Mem X product now out of beta, Mem is looking to hire new staff to “accelerate our efforts,” Kevin Moody, Mem’s co-CEO wrote in a blog post.
Startup: Anything World- London-based startup using machine learning to power interactive 3D experiences.
Latest funding: $7.5 million, series seed plus
Investors: Acrew Capital, Alumni Ventures, Warner Music Group
Funding plans: The funding will be used for two years of runway, expansion of the team, and the launch of Anything World's new high-fidelity animation system, which will allow anyone to become a 3D content creator, the company said.
Startup: TOffeeAM - A London-based company using AI software to improve 3D printing of machine designs.
Latest funding: $5.8 million, series A
Lead investors: Presidio Ventures Europe, Sumitomo Corporation, East Innovate
Other investors: IQ Capital, Exor Seed, Excellis, Type One Ventures
Funding plans: "This funding will allow TOffeeAM to scale globally and continue to help businesses across numerous industries to design innovative products," said CEO Francesco Montomoli.
Startup: Salesfire - U.K.-based e-commerce software startup that uses ML to optimize sales conversion rates by personalizing customer journeys, including offering rapid search, smart product recommendations and targeted messaging
Latest funding: $2.7 million, venture round
Investor: NPIF – Mercia Equity Finance
Funding plans: “The investment from Mercia and NPIF will enable us to develop exciting new features to make the platform even more powerful,” said Salesfire founder Rich Himsworth.