Tag: funding daily

Sight Diagnostics raises $27.8 million to apply AI to blood tests

Blood tests are generally unpleasant — not to mention costly. On average, getting blood work done at a lab costs uninsured patients between $100 and $1,500. And in the developing world, where the requisite equipment isn’t always readily available, ancillary costs threaten to drive the price substantially higher. That’s why Yossi Pollak, previously at Intel […]

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Pinpoint raises $13.5 million to bring data analytics to software development

For those without the technical know-how, software development — which more often than not involves a tangled web of commits, reviews, bug testing, and validation — isn’t exactly easy to keep an eye on. Emails and pivot tables help to a degree, but when it comes to deciphering the meandering app design process, the C-suite […]

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Malt raises $28 million to expand its European freelance platform

Paris-based Malt has raised $28 million in venture capital as it plans expansion of its freelance platform into Germany and the Netherlands. The company has tried to simplify the process of being a freelancer in a country where rigid economic and bureaucratic systems make working independently daunting. Malt provides a range of registration services, financial […]

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Affinity raises $26.5 million to manage relationships with machine learning

Relationships are a tricky thing — and particularly fraught in the enterprise world, where the right connection or second-degree contact can make the difference in a high-stakes deal. That’s why almost five years ago, Stanford grads Ray Zhou and Shubham Goel cofounded Affinity, a San Francisco startup developing what they describe as a “relationship intelligence” […]

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Rapyd raises $40 million to expand its payments network worldwide

Rapyd, a U.K.-based firm that helps companies and merchants of all sizes integrate a range of payment services into their platforms, has raised $40 million in series B funding to further expand its operations worldwide. The round was led by General Catalyst and Stripe and included participation from Target Global, Ignia, and unspecified large strategic […]

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InfluxData raises $60 million for time-series database software

The amount of data generated today boggles the mind — U.S. companies alone produce 2.5 quintillion bytes daily, enough to fill ten thousand Libraries of Congress in a year — and much of it is of the time-series variety (i.e., data points indexed in time order). Given the sheer volume, it’s no wonder that only […]

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Joor raises $16 million to expand its online fashion marketplace

Joor, an online marketplace that connects fashion brands and retailers, has closed $16 million in series C funding as it looks to add more tools to its platform and expand operations in Asia. The round was led by Japanese conglomerate Itochu and included participation from existing investors Canaan Partners and Battery Ventures. Joor has raised $36 […]

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Driverless truck startup TuSimple raises $95 million at $1 billion valuation

There’s a healthy demand for driverless trucks. It’s an industry predicted to reach 6,700 units globally, totaling $54.23 billion this year, and one that stands to save the logistics and shipping industry $70 billion annually while boosting productivity by 30 percent. Besides cost savings, the growth is driven in part by a shortage of human drivers. In 2018, […]

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May Mobility raises $22 million to deploy autonomous shuttles in cities across the U.S.

The U.S. last-mile transportation market is more lucrative than you might think — some estimates peg it at $28 billion. Multimodal companies like Lime and Bird have raised collective hundreds of millions of venture capital for e-scooters, bikes, and compact electric vehicles well-suited for short trips in high-density urban cores, and yet another company that’s […]

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ShiftLeft raises $20 million for code analysis software that automatically patches vulnerabilities

Nearly three years ago, Chetan Conikee, Manish Gupta, and Vlad A. Ionescu put their collective heads together to develop a software platform that provided robust, code-level security to app developers without adversely impacting workflows. It evolved into software called ShiftLeft (and a namesake Santa Clara startup), which combines vulnerability-detecting static code analysis with app-preserving instrumentation. Since ShiftLeft’s […]

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Alphabet X lab spinoff Dandelion raises $16 million for home geothermal systems

Google parent company Alphabet’s secretive X lab has birthed many a spinoff, the newest of which is energy company Malta. It’s also responsible for Project Wing, the drone delivery service designed to improve access to goods, and Loon, a balloon network that beams internet service to remote areas — not to mention driverless car company […]

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Axonius raises $13 million to help businesses track and secure their connected devices

As hackers get smarter and the magnitude of their damage expands, a growing number of cybersecurity firms are trying to persuade legacy companies to rethink their security strategy. Israeli startup Axonius today raised $13 million in series A funding to continue that pursuit. The round was led by California-headquartered VC firm Bessemer, Axonius said. Amit Karp from Bessemer […]

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Second Measure raises $20 million to analyze companies’ sales and growth rates

Predicting customers’ purchasing patterns is easier said than done. It necessarily involves collecting huge amounts of data, and growing and maintaining the resulting datasets over the course of months (or years). And that’s only the start — sussing out the corpora’s key metrics requires purpose-built sophisticated, scalable analytics tools. Former BioWare senior systems architect Mike Babineau […]

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InReach Ventures, which uses AI to find the next big European startups, closes $60 million fund

A quick scan of the venture capital (VC) landscape reveals many funds have a specific raison d’être that helps summarize it in a nutshell: some are focused on one specific region, for example, while others are geared toward a specific kind of technology or stage-specific company. London-based InReach Ventures’ big pitch is that it is the “AI-powered VC firm,” […]

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Nuro raises $940 million for robot car deliveries

Nuro, a startup targeting the multibillion-dollar autonomous delivery robot market, has attracted sizeable venture capital from Softbank. The Japanese holding conglomerate today announced that it has invested almost $1 billion — $940 million — in Nuro through its Vision Fund, at a valuation of around $2.7 billion. That’s up substantially from the $92 million in […]

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AIStorm raises $13.2 million for AI edge computing chips

Edge computing — that is, network architectures in which computation is relegated to smart devices, as opposed to servers in the cloud — is forecast to be a $6.72 billion market by 2022. Its growth will coincide with that of the deep learning chipset market, which some analysts predict will reach $66.3 billion by 2025. There […]

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Castle raises $9.2 million for AI that protects consumer apps from account takeovers

Castle, a San Francisco-based startup that’s setting out to help businesses keep their customers’ online accounts safe from fraud, has raised $9.2 million in a series A round of funding from Index Ventures, with participation from Y Combinator, First Round Capital, F-Prime Capital Partners, and a host of individual angel investors. Founded in 2015, Castle works […]

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Cybersecurity provider Illumio raises $65 million to continue global expansion

Illumio today secured $65 million in series E funding as the California-based cybersecurity startup seeks to push further into global markets. On the sidelines of the deal, the six-year-old company said it has appointed industry veteran Anup Singh as its chief financial officer and added John Hinshaw, formerly a top executive at Boeing, to its […]

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KenSci raises $22 million for AI that cuts health care costs

Health care is expensive. In 2017, costs totaled $3.5 trillion in the U.S. alone, equal to 17.9 percent of country’s gross domestic product. Driving the bulk of the receipts were chronic diseases like heart disease and diabetes — almost half of all Americans have at least one. And the sickest among the sufferers — about […]

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Zoovu raises $14 million for AI-driven ecommerce experiences

Conversational interfaces are still a thing, despite what some pundits say. The global market is expected to reach $1.23 billion by 2025, according to a report by Grand View Research — a compounded annual growth rate of 24.3 percent. And in a recent Oracle survey involving European chief marketing officers, chief strategy officers, senior marketers, […]

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