Armorblox, a cybersecurity startup using natural language understanding to protect enterprise communications, today announced that it raised $30 million in series B venture capital funding. The company plans to use the funds to scale operations as it grows the size of its global workforce.
Email messages and files have become top attack vectors for stealing data, particularly as the pandemic…
January AI, a startup developing a platform that predicts diabetic patients’ responses to certain foods, today announced that it raised $8.8 million. Notable investors in the round included Salesforce CEO Marc Benioff, YouTube cofounder Steve Chen, and former Yahoo! CEO…
Otter.ai raises $50 million for AI transcription
February 26, 2021
AI transcription startup Otter.ai today announced it has raised $50 million in a series B round that includes $10 million in convertible notes and was led by Spectrum Equity. With the funds, the company plans to triple its headcount over the next year as it hires across its…
Zelros raises $11 million for AI that personalizes insurance plans
February 25, 2021
Insurance tech startup Zelros today announced that it raised $11 million in series A funding led by BGV. The company plans to use the capital to scale operations across Europe and expand into North America, a spokesperson told VentureBeat.
The insurance tech market is red hot. Online platform Next Insurance, which targets small business owners with a focus on specific niches, recently raised $250…
Band of AI startups launch ‘rebel alliance’ for interoperability
February 25, 2021
More than 20 AI startups have banded together to create the AI Infrastructure Alliance in order to build a software and hardware stack for machine learning and adopt common standards. The alliance brings together companies like Algorithmia; Determined AI, which works with…
AI researchers detail obstacles to data sharing in Africa
February 24, 2021
AI researchers say data sharing is a key part of economic growth in Africa but that it faces a number of common obstacles, including the threat of data colonialism. The African data market is expected to grow steadily in the coming years, and the African Data Centre trade…
Conversational AI platform company Clinc has experienced significant product pivots since it was founded by a group of University of Michigan computer scientists in 2015. It has also undergone leadership changes and investigations into its former CEO’s alleged pattern of sexual harassment. Now the company is carving out a niche within the financial services market, where its customizable…
ScienceLogic raises $105 million to grow its AIOps platform
February 24, 2021
ScienceLogic, a startup developing an AIOps and IT infrastructure monitoring platform, today announced that it raised $105 million. The company says the investment will support its continued growth in the AIOps market and further broaden ScienceLogic’s position within the…
FundGuard raises $12 million to help manage assets with AI
February 24, 2021
FundGuard, an AI-powered software-as-a-service investment management platform, today announced that it closed a $12 million funding round. The investment will spur product development to support existing partnerships, FundGuard says, in addition to helping to meet demand…
Google’s Voice AI accelerator launches 12 startups
February 23, 2021
Google today announced the first cohort in its Google for Startups Accelerator: Voice AI, a 10-week program designed to pair startups with experts to help tackle product development, machine learning, and other technical challenges. The 12 companies selected will gain access to resources across Google’s programs and products, Google says, as well as to its people and technology.
The pandemic…
