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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’t...

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 c...

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 Pa...

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 ...

Netcore Acquires Quinto.ai an AI Chatbot Start-up

10Apr By AnkitaNo Comments

ACQUISITION

Netcore Acquires Quinto.ai an AI Chatbot Start-up

MNetcore Solutions, a Global Marketing technology company, has acquired Quinto.ai, an AI chatbot start-up. With the IP and talent acquisition, Netcore gets access to Quinto's conversational AI-powered chatbot engine and its employees. Quinto’s co-founder Hrishikesh Rajpathak also joins Netcore as Chief Data Scientist and will lead its Machine Learning and Conversation Analytics initiatives. Hrishikesh comes with over 12 years of experience in Machine Learning, Deep Learning, and Natural Language Processing (NLP) technologies. Founded 4 years back, Quinto is a food recommendation platform which later pivoted to a conversational AI platform. Quinto enables businesses to automate conversations with customers and improve customer experience. Businesses across verticals can use Q...

McDonald’s Acquires AI startup Dynamic Yield in a $300 million deal

9Apr By AdityaNo Comments

ACQUISITION

McDonald’s Acquires AI startup Dynamic Yield in a $300 million deal

McDonald’s Corporation (McD) has acquired an AI-based startup Dynamic Yield in a $300 million deal. Dynamic Yield is a leader in personalization and decision logic technology. With this acquisition of Dynamic Yield, McDonald’s builds on its first technology acquisition for growth. McDonald’s will utilize this decision technology to provide an even more personalized customer experience by varying outdoor digital Drive Thru menu displays to show food based on time of day, weather, current restaurant traffic and trending menu items. The decision technology can also instantly suggest and display additional items to a customer’s order based on their current selections. This will enable McDonald’s to be one of the first companies to integrate decision technology into the customer...

230 Crore Deal: Reliance Jio Acquires Haptik

3Apr By PriyankaNo Comments

ACQUISITION

230 Crore Deal: Reliance Jio Acquires Haptik

Reliance Jio a subsidiary of Mukesh Ambani led Reliance Industries acquires AI based platform Haptik in 230 crores. After the acquisition Reliance jio will invest 470 crores in the further operation. The Haptik team will continue to drive growth of the business, including the enterprise platform as well as digital consumer assistants. On a fully diluted basis Reliance will hold about 87% of the business with the rest being held by Haptik founders and employees through stock option grants. This transaction enables Reliance Jio to leverage Haptik’s capabilities across various devices and touch points in the consumer’s journey. The investment focus is on enhancement and expansion of the platform, with an addressable market opportunity of over 1 billion users in India. This partnershi...

24Mar By PriyankaNo Comments

FUNDING

FrontdeskAI Raises Additional $2 Million Seed Funding from Pi Ventures

PALO ALTO, Calif.-- FrontdeskAI, the leading developer of artificial intelligence (AI) assistants for small businesses, and the fastest adopted AI assistant in the wellness market, raises an additional $2 million in seed funding, bringing its total seed funding to $4.2 million. This round of seed funding was led by pi Ventures, an India based VC fund, and will help FrontdeskAI accelerate product development, increase customer acquisition and investigate new vertical markets. Previous seed rounds include $1.1 million in June 2018, led by Blue Pointe Capital, and $1.1 million in November 2018, led by Speciale Invest. pi Ventures partner, Abishek Surendran, will join the FrontdeskAI board which includes BluePointe Ventures managing partner, Sandeep Sardana, and Speciale Invest managing...

7Mar By AdityaNo Comments

Tech

Apple acquires patents from Lighthouse, an AI home security camera startup

Apple is looking to upgrade Face ID in its upcoming phones and devices and has acquired patents of an AI security camera company, Lighthouse. Apple reportedly bought the patent portfolio of the company at the end of 2018, reported The Verge. The patents acquired by Apple largely deal with using computer vision to scan and recognise faces, which may mean that the company might upgrade Face ID in its upcoming devices. If those sound familiar, it’s because Lighthouse’s patents describe technology that’s quite similar to what Apple uses for Face ID on its iPhone XS and XR devices. It is possible that Apple is looking to use Lighthouse’s technology to advance Face ID further, maybe, in a version for a computer that would benefit from Lighthouse’s ability to tell ...

9Dec By AnkitaNo Comments

FUNDING

With over 2 Million Subscribers, Japan’s AI based App raises $26.43 Million Series E Funding

Sansan, Inc., the parent company of the Eight app, Japan's leading business card organizer and professional social networking platform has raised approx. Rs. 186 crores (USD 26.43 million) in Series-E funding, taking funding to date to approx. Rs. 7,050 crores (USD 100 million). Sansan's Series E investment was led by Japan Post Capital, T. Rowe Price, SBI Investment, and DCM Ventures. The additional funding will help Sansan deliver on its new mission: "Turning encounters into innovation." The company aims to accelerate its development of innovative technologies centered around maximizing the utility of business cards. Eight is Japan's largest professional social networking platform. The app has well over 2 million registered users. The Eight app uses Artificial Intelligence (AI) ...

1Dec By Gauri SinghNo Comments

CHINA

China’s AI Startup is Helping 280 Hospitals Worldwide Detect Cancers from Images

Beijing-based AI startup Infervision is among a handful of AI companies around the world racing to improve medical imaging analysis through deep learning, the same technology that powers face recognition and autonomous driving. The startup, which has to date raised $70 million from leading investors like Sequoia Capital China, began by picking out cancerous lung cells, a prevalent cause of death in China. At the Radiological Society of North America’s annual conference in Chicago this week, the three-year-old company announced extending its computer vision prowess to other chest-related conditions like cardiac calcification. “By adding more scenarios under which our AI works, we are able to offer more help to doctors,” Chen Kuan, founder and chief executive officer of Infervision state...