AI | Pixr8 News

13Aug By PriyankaNo Comments

ACQUISITION

Ola Acqui-hires AI Startup Pikup.ai

Cab aggregator Ola acqui-hiring' Pikup.ai, an artificial intelligence (AI) startup based out of Bengaluru. Acqui-hiring is a term for acquisition plus hiring. As part of the deal, the team at pikup.ai will join Ola, the company said in a statement. Ola announced earlier this year its intent to set up an advanced technology centre in the San Francisco Bay area in the US, to focus on developing next-generation technologies in mobility like Electric, Connected and Autonomous Vehicles. "By bringing deep domain expertise to Ola, this acquihire will also deliver innovations that continue to improve safety and transform customer experience," Ola said. Pikup.ai was co-founded by Inder Singh and Ritwik Saikia, which uses autonomous technologies like AI, computer vision and sensor fusio...

8Aug By PriyankaNo Comments

ACQUISITION

NIKE acquires AI driven Startup Celect

BEAVERTON, Ore.-- NIKE, has acquired Celect, a leading retail predictive analytics and demand sensing firm based in Boston. Celect is Nike’s latest acquisition fueling its Consumer Direct Offense strategy, serving consumers personally at a global scale. “With the acquisition of Celect, Nike greatly accelerates our digital advantage by adding a platform developed by world-class data scientists.” said Eric Sprunk, NIKE, Inc. Chief Operating Officer. “As demand for our product grows, we must be insight-driven, data optimized and hyper-focused on consumer behavior. This is how we serve consumers more personally at scale.” Celect, founded in 2013, holds a cutting-edge intellectual property portfolio across data science and software engineering. Celect’s cloud-based analytics platfor...

Microsoft invests $1 billion in OpenAI, a platform cofounded by Elon Musk

23Jul By PriyankaNo Comments

FUNDING

Microsoft invests $1 billion in OpenAI, a platform cofounded by Elon Musk

SAN FRANCISCO and REDMOND, Wash., July 22, 2019 — Software major Microsoft led by Satya Nadella invested $1 billion in AI-based platform OpenAI. The two companies have partnered to further extend Microsoft Azure’s capabilities in large-scale AI systems. Through this partnership, the companies will accelerate breakthroughs in AI and power OpenAI’s efforts to create artificial general intelligence (AGI). The resulting enhancements to the Azure platform will also help developers build the next generation of AI applications. The partnership covers the following: Microsoft and OpenAI will jointly build new Azure AI supercomputing technologiesOpenAI will port its services to run on Microsoft Azure, which it will use to create new AI technologies and deliver on the promise of artificial ge...

TVS Motor Singapore Invest US$7 Million in AI Decision Platform

22Jul By PriyankaNo Comments

FUNDING

TVS Motor Singapore Invest US$7 Million in AI Decision Platform

SINGAPORE and NEW YORK, July 22, 2019-- TVS Motor Singapore, a wholly-owned subsidiary of TVS Motor Company Limited, India, has signed definitive agreements to invest $7 million in Scienaptic Systems Inc., a Delaware corporation, headquartered in New York City. TVS Motor (Singapore) Pte. Limited led this Series A funding in Scienaptic. Scienaptic has combined the latest big data technologies and proprietary machine learning and artificial intelligence algorithms on its decision platform, "Ether." Solutions built on Ether enable enterprises to improve risk and credit assessment, monitor evolving fraud patterns, and improve customer journeys and experience. Scienaptic counts several marquee Fortune 100 enterprises as its clients. Rajesh Narasimhan, Board Member of TVS Motor Compan...

17Jul By NitishNo Comments

FUNDING

RoadBotics Raises $7.5M in Series A Funding

PITTSBURGH, July 17, 2019- AI-based road assessment platform RoadBotics has raised $7.5 Million Series A investment round lead by AI-focused venture capital fund Radical Ventures. Other investors like Hyperplane Venture Capital and Wharton Alumni Angels of Silicon Valley also participated in this round. Roadbotics will use this round of funding to accelerate its growth and development of new products in order to further help local governments and other infrastructure asset managers to get important, objective data about their roads. Only two and a half years since founding, RoadBotics has over 150 customers in 23 US states and 11 countries. "This fresh capital, together with Radical's vast network and Artificial Intelligence domain expertise, w...

Uber Acquires AI platform to advance its Self-driving cars technology

26Jun By AdityaNo Comments

ACQUISITION

Uber Acquires AI platform to advance its Self-driving cars technology

Cab booking platform Uber has acquired computer vision startup Mighty AI to help advance its technology for self-driving cars. Terms of the acquisition were not disclosed, but the ride-hailing giant said 40 employees of the Seattle-based firm would join Uber soon. Mighty AI specialises in computer vision, a field within artificial intelligence that is used to better understand or "label" the surroundings of vehicles that will be deployed autonomously. "The team at Mighty AI has built technology to label at scale using the latest AI and user experience techniques," said Jon Thomason, vice president of software engineering for the Uber division. "Training our AI at increasing pace is critical to scaling our self-driving technology, and I look forward to bringing Mighty AI's tech...

AnyVision raises $74 Million Series A from Microsoft venture fund & others

20Jun By PriyankaNo Comments

FUNDING

AnyVision raises $74 Million Series A from Microsoft venture fund & others

New York, United States: AnyVision closes $74 million Series A funding from Microsoft’s venture fund, DFJ Growth, and OG Technology Partners. The funding is an extension of Series A round. Earlier, AnyVision raises investment from LightSpeed Venture Partners, Robert Bosch GmbH, Qualcomm Ventures, and Eldridge Industries in Series A. Founded in 2015, Anyvision is a leading computer vision company specializing in face, body, and object-recognition software. The company develops core software solutions that make all cameras smart. These solutions are agnostic to all cameras, computing frameworks, and use-cases. “There are very few times in business when you have the opportunity to build an entirely new industry alongside leading ecosystem players,” said Eylon Etshtein, CEO and Co-F...

AI based News Analytics Platform Owlin Raises $3.5 million

3Jun By NitishNo Comments

FUNDING

AI based News Analytics Platform Owlin Raises $3.5 million

Amsterdam-based Owlin, an AI-based news analytics startup has raised $3.5 million in Series A funding. Velocity Capital participated in this funding round. The funding will use to expand the company's operation internationally, especially in the U.K. and the U.S. Owlin is the news analytics tool that helps finance professionals monitor their portfolio proactively, continuously, and in real-time. By tapping into more than three million global sources, Owlin saves time and ensures that you never miss vital emerging risks, opportunities, or trends. “We started with delivering news signals to dealing room environments with our platform,” Owlin co-founder and CEO Sjoerd Leemhuis said. “We are adding news and unstructured data to their risk monitoring. In the end, our clients don’...

AI Based Crowd-sourcing Platform Raises $200K

21May By PriyankaNo Comments

FUNDING

AI Based Crowd-sourcing Platform Raises $200K

New Delhi, 20th May 2019: Noida based Crowd-sourcing Platform My Mobiforce providing on-demand Field Services raised US $200K from a US-based Angel Investor Mr. Arpan Prakash and Mr. Sanjiv Mital who is also an Advisor, Mentor, and a Seasoned Angel Investor. My Mobiforce is trying to solve one the biggest challenges of the brands and companies to implement on-demand Field Services by providing them with a technology platform to find a qualified field talent at the right time at the right place. With the advancements in the space of IOT, Field Service industry is moving towards proactive & predictive service management. A huge amount of field service calls will be generated through the billions of connected devices thereby, preparing brands to handle this dynamic flow of service ...

17May By NitishNo Comments

FUNDING

LeadSquared Raises USD 3 Million in Series-A Funding

Bangalore-based AI driven sales execution, automation, and predictive analytics platform LeadSquared have secured USD 3 Million in Series-A funding from Stakeboat Capital. Jyoti Bansal, an existing investor in the company, and the founder of AppDynamics and Harness.io has participated in this round again. LeadSquared plans to utilize the funding for the expansion of its operations and customer acquisition globally. Commenting on the investment, Nilesh Patel, CEO of LeadSquared, said, "The funding comes right in time to propel our global expansion plans to action. We have lately been seeing an outpour in interest from US, South East Asian and Middle Eastern markets, and we plan to invest more in the regions, so the timing couldn't have been better." Chandrasekar Kandasamy, Managing P...

14May By AdityaNo Comments

FUNDING

Brain imaging AI company raises $18 million funding

LEUVEN, Belgium and GENEVA and BOSTON-- icometrix, the global expert in brain imaging Artificial Intelligence solutions, has raised $18 million through a partnership led by Forestay Capital alongside Optum Ventures and existing investor Capricorn Venture Partners. icometrix's icobrain software extracts meaningful information from brain MRI and CT scans of patients with neurological disorders, such as multiple Sclerosis, Alzheimer's disease and dementia, and traumatic brain injury. The icobrain AI solutions are already used in more than 100 hospitals and imaging center networks worldwide, and in clinical studies by 4 out of the Top 5 pharmaceutical companies. "With icobrain, medical images can be read faster, more consistently and in a...

Healthtech Startup mfine Raises $17.2 Million in Series B round

23Apr By NitishNo Comments

FUNDING

Healthtech Startup mfine Raises $17.2 Million in Series B round

mfine, a health-tech AI startup raises $17.2 million in Series B funding led by Japan-based venture capital firm and SBI investment. Singapore-based SBI Ven Capital which is SBI Group's Southeast-Asian investment arm and tech-focused global venture capital firm BEENEXT also participated in the round alongside existing investors, Stellaris Venture Partners and Prime Venture Partners. Over 100,000 customers have consulted on mfine in the last 15 months and customer base is growing 30% month over month. More than 500 MD/MS doctors, including some of India's top doctors from over 100 reputed hospitals practice across 20 specialties on mfine. Collectively, they have been able to expand their reach beyond the physical boundaries of the cities and have served over 800 towns in India. On...