Tag: funding daily

AISense raises $10 million for AI transcription tool Otter

There’s plenty in the way of competition with respect to the audio transcription market, which is estimated to be worth $31.82 billion by 2025. But AISense — the startup behind speech-to-text service Otter — managed to carve out a niche for itself in the four years since its founding. Its funding reflects this — the […]

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CloudKnox raises $12 million to protect cloud infrastructure from insider risks

CloudKnox Security, a cybersecurity startup that helps companies protect their private and public clouds from insider threats and poor security hygiene, has raised $12 million in a round of funding led by Sorenson Ventures, with participation from Dell Technologies Capital, ClearSky Security, and Foundation Capital. The threats posed by external adversaries are well documented, thanks […]

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Kneron raises $40 million to grow edge AI chip design operations

Edge AI startup Kneron today said it’s raised $40 million led by Horizon Ventures. The funding will be used to grow Kneron’s algorithms made especially for on-device machine learning and semiconductor design operations. Kneron released the KL520, a chip made especially for deployment of AI on devices like smart home or IoT devices last year, […]

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Hivebrite raises $20 million for community engagement and management tools

Engaging and managing online groups can be the stuff of nightmares, but it is generally worth it — communities on average generate a 6,469% return on investment for organizations, according to one report. Fortunately for those who don’t want to get involved with the logistical nitty-gritty, there’s Hivebrite, a startup developing a rebrandable community creation […]

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Email platform Front raises $59 million from workplace collaboration alliance

Front announced today that it has raised $59 million for its collaborative email platform in a funding round that comes with a twist. Rather than being led by venture capital firms, the San Francisco-based company cobbled together a consortium of entrepreneurs who are also focused on defining the future of work. When Front went looking […]

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AI startups raised record $26.6 billion globally in 2019

Artificial intelligence startups appear to be booming. Global venture capital increased 20% in 2019, while acquisitions jumped 24.8% from the previous year. According to a new report from CB Insights, AI companies raised $26.58 billion across 2,235 deals in 2019, up from 1,940 deals the previous year that totaled $22.148 billion. The 2019 numbers included […]

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Outlier raises $22.1 million to spot anomalies in business data with AI

Machine learning algorithms aren’t just technological novelties relegated to tasks like picking out faces in crowded places. In the enterprise, they can surface patterns and relationships that would otherwise have been missed. To do just that, Outlier.ai’s business analysis platform extracts data from internal and external sources and analyzes it to spot critical changes in […]

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Unito raises $10.5 million to unify disparate enterprise apps and services

Synchronizing projects, tasks, and conversations among work management tools could lead to an enormous productivity boost within an organization. According to an IDC survey, 80% of business leaders report that problems arise because different systems and apps don’t “talk” to each other, while 43% of workers say they regularly have to copy and past or […]

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Placer.ai raises $12 million to keep tabs on foot traffic in real time

Measuring foot traffic in real time is the pursuit of countless businesses seeking greater insight into buyer behavior. Startups like PlaceIQ, Factual, GroundTruth, Skyhook, and others have risen up to meet the need — they occupy a market that’s estimated to be worth $22.8 billion by 2024. A somewhat newer entrant is Placer.ai, which was cofounded […]

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Anchore raises $20 million to automate container security management

Containers — sets of self-contained executables, binary code, libraries, and configuration files — are ubiquitous in cloud computing. According to a survey by managed service provider Diamanti, cloud-native apps were the No. 1 container use case for 33% of organizations in 2019. That’s surely music to the ears of Santa Barbara, California-based Anchore, which Saïd […]

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Berkshire Grey raises $263 million for industrial robots

Industrial robots and warehouse automation are lucrative intertwining markets, and one needn’t look further for evidence than Lexington, Massachusetts-based Berkshire Grey. The company, which combines AI and robotics to automate omnichannel fulfillment for retailers, ecommerce, and logistics enterprises, today announced that it secured a mammoth $263 million in series B funding financing from SoftBank with […]

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Intezer raises $15 million to identify malware by analyzing reused code

Intezer, a cybersecurity startup that detects and classifies cyber threats by analyzing the code in malware, has raised $15 million in a series B round of funding from OpenView, Intel Capital, Samsung Next, USAA, and Intezer cofounder and chair Alon Cohen. Founded out of Israel in 2015, Intezer likens its technology to that of the […]

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Snyk raises $150 million at $1 billion valuation for AI that protects open source code

Snyk, a cybersecurity platform that helps developers find vulnerabilities in their open source applications, has raised $150 million in a round of funding led by New York-based private equity firm Stripes, with participation from Salesforce Ventures, Coatue, Tiger Global, BoldStart, Trend Forward, and Amity. This takes Snyk’s total funding to $250 million from backers including […]

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DARPA-backed Soft Robotics raises $23 million for autonomous grippers and sorters

Soft Robotics raised another $23 million to continue developing its solutions to the seemingly intractable problems gripping and sorting machines face. As work published by MIT and others has established, picker robots struggle with complex poses and unfamiliar objects. That’s because they not only have to locate objects and understand how to grasp them, but […]

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Scoutbee raises $60 million to expedite supplier discovery with AI

Supplier discovery often isn’t a walk in the park. According to a survey by Thomasnet, nearly 50% of buyers have worked with a supplier that unexpectedly went out of business. That’s why in 2015, four German entrepreneurs — Christian Heinrich, Fabian Heinrich, Gregor Stühler, and Lee Galbraith — founded Scoutbee, which develops and sells access to […]

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Funnel raises $47 million to automate data collection for marketers

Funnel, a Swedish startup that’s setting out to help marketers automate their data collection, has raised $47 million in a series B round of funding led by Eight Roads Ventures and F-Prime Capital, with participation from Balderton Capital, Oxx, Zobito, Industrifonden, and Kreos Capital. The raise comes as digital ad spending in the U.S. exceeds […]

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