Tag: Entrepreneur

Driverless car startup Pony.ai raises $462 million at a $3 billion valuation

In a sign that investors’ enthusiasm for driverless cars hasn’t dampened yet, Pony.ai today secured a whopping $462 million in fresh funding, $400 million of which came from Toyota. The capital infusion brings the Guangzhou- and Fremont, California-based startup’s total raised to about $800 million at a valuation north of $3 billion (up from $1 […]

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SambaNova Systems raises $250 million for software-defined AI hardware

The infrastructure required to handle AI workloads is often as complex as it is sprawling, but a cottage industry of startups has emerged whose focus is developing solutions for end customers. SambaNova Systems is one such startup — the Palo Alto, California-based firm, which was founded in 2017 by Rodrigo Liang and Stanford Professors Kunle […]

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Subscription secrets from Uber, Lyft, BarkBox, and more (VB Live)

Presented by Recurly It’s time to step up your subscription game in 2020! Register now for real world case studies from big players like Urban Outfitters, BarkBox, and Output, and learn how to reduce churn, maximize revenue growth and brand value, leverage subscription data, and more. Register here for free. Over the past five years, […]

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Flock Freight raises $50 million to match shippers with freight transportation

Heavy-duty trucks play an indispensable role in transporting freight across contents — and the globe. In 2017 in the U.S., trucks carried 60.2% of the $614.0 billion of goods imported from Canada and Mexico. But while large enterprises appear to have a handle on an industry that was worth over $700 billion three years ago, […]

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Revl raises $5.2 million to stitch together videos with AI

Creating even a basic video can be a time-consuming ordeal. Most projects involve a series of creative development meetings that can stretch on for days to weeks. Pre-production, production, and post-production and delivery usually follow, with costs ranging between $75 per hour to $150 per hour. This spurred on Bruce Pla, Eric Sanchez, and Nelson […]

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FogHorn raises $25 million to support edge AI app development

The edge AI market — that is, the market for devices that run AI applications locally, without cloud processing — is anticipated to grow substantially in the coming months. According to Deloitte, more than 750 million edge AI chips will be sold by year-end (up from a predicted 300 million in 2017), representing $2.6 billion […]

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Ripcord raises $45 million to digitize paper records with robotics and AI

Staff at a California school district reportedly spent 20% of their time searching for lost documents until they retained the services of a records management company. It’s not a unique problem — the average manager spends four weeks out of the year looking for records, by some estimates. In search of a solution five years […]

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Molekule raises $58 million to take pollutants out of the air in the age of wildfires and viruses

Molekule has raised $58 million to clean up the world’s air using a filter that tackles one room at a time. It sounds like a pipe dream, but investors are betting that changing your home’s microclimate is a step in the right direction. San Francisco-based Molekule argues that its air filter is based on a […]

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Google launches Android Studio 3.6 with Google Maps in the Android Emulator

Google today launched Android Studio 3.6, the latest version of its integrated development environment (IDE), with a specific focus on “addressing quality in primarily code editing and debugging use cases.” This release is the first release since Project Marble, a fancy name for an initiative Google announced late last year to improve Android Studio’s fundamental […]

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Karius raises $165 million to identify infectious diseases with AI

Approximately 9% of the U.S. population has been diagnosed with an infectious disease. Worldwide, they’re the second- leading cause of death after heart disease, and they’re responsible for more deaths annually than cancer. Mickey Kertes and Tim Blauwkamp — who worked together at Moleculo, a startup spun out of Stanford focused on commercializing a technology […]

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Why AI companies don’t always scale like traditional software startups

At a technical level, artificial intelligence seems to be the future of software. AI is showing remarkable progress on a range of difficult computer science problems, and the job of software developers – who now work with data as much as source code – is changing fundamentally in the process. Many AI companies (and investors) […]

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DSP Concepts raises $14.5 million for audio algorithm design tools

In the digital audio device industry, designing algorithms that enable processing often requires considerable engineering effort. This has given rise to a cottage industry of startups, including DSP Concepts, that collaborate with algorithm providers to reduce audio development and go-to-market time. Five years after its founding, DSP today announced that it has secured fresh capital […]

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ZeroFox raises $74 million to detect and remediate cyberthreats

A Clark School study at the University of Maryland found that there’s a hacker attack every 39 seconds, affecting one in three Americans annually. An estimated 43% of those attacks target small businesses, and they’re often successful. In 2018, hackers stole half a billion person records, a 126% jump from 2017. To combat the growing […]

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Compliance startup OneTrust raises $210 million at a $2.7 billion valuation

About 64% of respondents around the world — and 74% of those in the U.S. — feel that adhering to compliance requirements is a “very” or “extremely” effective way to keep data secure, according to a Thales’ report. That said, compliance is often expensive. In a 2017 PricewaterhouseCoopers survey of execs at U.S., UK, and […]

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Finnish city Espoo pioneers civic AI with education and explainability

While civic leaders believe AI could help reinvent government services, they are also aware of citizens’ profound privacy concerns. To navigate this challenge, the Finnish city of Espoo is conducting experiments that mix consultations, transparency, and limited use cases to demonstrate the potential of civic AI. Espoo has already conducted AI trials that initially required […]

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What explainable AI really means and what it means for your business (VB Live)

Presented by Dataiku White-box AI is getting heaps of attention, in part because it brings business value to customers and companies alike. Learn why businesses are moving away from black box systems to more explainable AI — and what it really means to be explainable — when you catch up on this VB Live event. […]

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Outrider raises $53 million to develop autonomous truck technology

Driverless vehicle technology has the potential to transform industries — and indeed, it already has. Stockholm, Sweden-based Einride has raised over $32 million for freight systems that transport logs, shipping containers, and other cargo autonomously. For its part, Alphabet’s Waymo — a pack leader in the market segment — has deployed a commercial robo-taxi service […]

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Make employees your biggest cybersecurity asset, not your biggest risk (VB Live)

Presented by Tessian Traditional machine learning methods simply aren’t equipped to account for the complexities of human relationships. Learn how to protect your data with a new kind of machine learning and a people-centric approach to cybersecurity when you join this VB Live event! Register for free right here.  From misdirected emails to accidental clicks […]

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Huntress raises $18 million to detect and remediate cyberthreats

According to a recent study published by the University of Maryland, hackers attack every 39 seconds (or about 2,244 times a day), and they’re often successful. The average time to identify a breach in 2019 was 206 days, at which point the cost could be in excess of $3.92 million. In pursuit of a solution […]

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Enveil raises $10 million for enterprise-scale homomorphic encryption

Analyzing, searching, and performing calculations on encrypted data hasn’t historically been possible at scale. But thanks to the emerging technique of homomorphic encryption, it’s becoming feasible at the production level. One of the firms at the forefront is Enveil, which was founded by Ellison Anne Williams, a former National Security Agency senior researcher and previously […]

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UltraSense raises $18 million to bring ultrasound touch sensors to market

Imbuing textiles with touch sensors is fast becoming feasible at scale. Perhaps the best example is Google’s Jacquard, which recognizes gestures by way of conductive fibers, modular hardware, feedback devices, software APIs, and apps. But if you ask Mo Maghsoudnia, former vice president of tech at sensor chip startup InvenSense, Jacquard has only scratched the […]

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