Fleet optimization startup Autofleet today announced that it secured $7.5 million in equity financing, the bulk of which CEO Kobi Eisenberg says will be put toward global expansion and R&D. The hope is to further develop AI that forecasts demand prediction, placement matching, and more, enabling fleet operators to minimize risk and reliably fulfill contractual obligations.
The global fleet…
Kebotix, a startup developing AI tools to expedite the discovery of chemicals, today announced that it has raised $11.5 million. Investors were evidently impressed by the company’s machine learning and robotic process automation suite, which enables Kebotix’s private and…
Onfido raises $100 million to verify identities with AI
April 16, 2020
Onfido, a provider of cloud-based identity verification tools, today announced that it raised $100 million in equity financing. CEO Husayn Kassai says the bulk of the fresh capital will be put toward product R&D and global expansion, including further market penetration…
Awake Security, a cybersecurity platform that analyzes network traffic to identify and assess internal and external threats, has raised $36 million in a series C round of funding led by Evolution Equity Partners.
The fresh cash injection comes as cybersecurity officials warn that state-backed hackers and online criminals are taking advantage of the COVID-19 crisis. The pandemic has led millions…
Behavioral biometrics startup BioCatch today announced it has raised $145 million, bringing its total raised to $175 million. BioCatch’s offering could help combat the rise in identity theft and cybercrime that’s been growing over the past few decades.
While the number…
Edited, a retail tech company leveraging AI to optimize product pricing, today announced that it raised $29 million. CEO Geoff Watts said the tranche will be put toward R&D and hiring as the company expands its global presence.
Tools like Edited serve a real and present…
Medopad rebrands to Huma, makes acquisitions to bolster its AI health monitoring portfolio
April 16, 2020
Digital health company Medopad today announced that it’s rebranding to Huma and acquiring two companies — BioBeats and Tarilian Laser Technologies (TLT) — to add support for new biomarkers to its AI-powered patient monitoring platform. When contacted for comment, a Huma spokesperson declined to disclose the purchase price for the two companies.
The acquisitions would appear to be strategic…
Under ideal circumstances, a smartphone’s AI assistant can not only understand the words you’re saying but also the appropriate context they’re meant in, such as the difference between answering “when will 2020 be over” in either a number of days, or the…
Uber claims its AI enables driverless cars to predict traffic movement with high accuracy
April 16, 2020
In a paper published on the preprint server Arxiv.org this week, researchers at Uber’s Advanced Technologies Group (ATG) propose an AI technique to improve autonomous vehicles’ traffic movement predictions. It’s directly applicable to the driverless technologies that…
Google’s AI enables robots to make decisions on the fly
April 16, 2020
In a paper published this week on the preprint server Arxiv.org, a team of researchers from Google Brain, Google X, and the University of Calfornia at Berkeley describe an extension to existing AI methods that enable an agent — for instance, a robot — to decide which action to take while performing a previous action. The idea is that modeling an agent’s behavior after that of a person or…
