Physna, a Cincinnati, Ohio-based startup developing an AI-powered 3D modeling platform for industrial engineering, today announced that it raised $20 million. The company says the funds will be used to grow its team and increase development as new customers sign on.
It’s often difficult to search using the 3D model of a physical part, such as a CAD model or a 3D scan — especially when the part…
Pinecone Systems, a company developing a database platform for AI workloads, today emerged from stealth with $10 million in funding. A company spokesperson told VentureBeat the funds will be put toward customer acquisition and product R&D as Pinecone’s platform…
Google today launched an updated version of Voice Access, its service that enables users to control Android devices using voice commands. It leverages a machine learning model to automatically detect icons on the screen based on UI screenshots, enabling it to determine…
Phocas Software‘s cloud data analytics tools might be best known in Australia, where they’re used by Thermo Fisher Scientific, Fiskars Royal Doulton, and Burson Automotive to streamline employee access to key financial data, but the company is planning to become more aggressive globally in 2021. Today, Phocas announced that it raised $34 million to bolster its AI capabilities and reach new…
Atlanta, Georgia-based Verusen, a startup leveraging AI to build a connected supply chain, today raised $8 million in series A funding co-led by Forte Ventures and Flyover Capital. The company says it’ll put the funds toward R&D as it expands the size of its…
AI holds the key to even better AI
January 29, 2021
For all the talk about how artificial intelligence technology is transforming entire industries, the reality is that most businesses struggle to obtain real value from AI. 65% of organizations that have invested in AI in recent years haven’t yet seen any tangible gains…
Researchers propose AI system that summarizes historical texts
January 28, 2021
Summarizing historical text can help people gather, organize, and share knowledge, but cultural and linguistic changes and the sheer volume of archives can make interpreting historical text challenging even for experts. Researchers at the University of Sheffield, Beihang University, and the Open University in the U.K. recently attempted to tackle this problem using AI and machine learning…
The World Economic Forum (WEF) is launching the Global AI Action Alliance today, with more than 100 organizations participating at launch. The steering committee includes business leaders like IBM CEO Arvind Krishna, multinational organizations like the OECD and UNESCO, and…
MIT CSAIL claims its breast cancer prediction AI works equally well across demographic groups
January 28, 2021
Researchers at MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) say they’ve created a breast cancer risk-assessment algorithm that shows consistent performance across patients from the U.S., Europe, and Asia. This new algorithm captures the…
Ukko raises $40 million to address food allergies with AI
January 27, 2021
Ukko, a 30-employee biotech company using AI to investigate solutions for food allergies and sensitivities, today raised $40 million in a series B round led by Bayer’s Leaps by Bayer. Ukko says the new funding will allow it to enter clinical trials with an investigational therapeutic for peanut allergies while accelerating development of its synthetic gluten for people with celiac and other…
