Peak.AI, a startup developing AI solutions for enterprise customers, today announced that it has raised $12 million in extended series A funding. The fresh capital will fuel Peak’s growth, commercial expansion, and R&D, according to CEO Richard Potter, and will come as up to 25% of companies report experiencing a 50% failure rate in deploying AI models.
Despite the promise of AI, the…
Randori raises $20 million to spot cyberattacks with AI
April 23, 2020
Cybersecurity startup Randori today announced that it secured $20 million in equity financing, bringing the startup’s total raised to $29.75 million. The infusion of capital comes after a year during which attacks on internet of things devices tripled, and during which the…
Granulate, a startup developing a platform that optimizes computing infrastructure in real time, today announced that it raised $12 million, bringing its total raised to date to $15.6 million. The company’s products could reduce the time engineers spend fine-tuning the…
QuillBot, a startup developing AI tools that intelligently rewrite text, today announced that it raised $4 million in financing. Fresh capital in hand, the cofounders hope to make QuillBot’s platform a one-stop editing shop, with modules that will summarize information from articles and complete paragraphs by synthesizing sentences informed by intent. QuillBot also plans to establish an R&D…
H1 Insights raises $12.9 million for AI that helps companies find health care professionals
April 23, 2020
H1 Insights, a startup developing a platform that connects health care and life science professionals and companies, today announced that it raised $12.9 million. With the equity funding, the company plans to further develop its products, which tap AI and machine learning to…
AI researchers from MIT, Intel, and Canadian AI initiative CIFAR have found high levels of stereotypical bias from some of the most popular pretrained models like Google’s BERT and XLNet, OpenAI’s GPT-2, and Facebook’s RoBERTa. The analysis was performed as part of the…
Google today announced the release of English-to-Spanish and Finnish-, Hungarian-, and Persian-to-English gender-specific translations in Google Translate that leverage a new paradigm to address gender bias by rewriting or post-editing initial translations. The tech giant claims the approach is more scalable than an earlier technique underpinning Google Translate’s gender-specific…
In a pair of papers published on the preprint server Arxiv.org this week, Google and University of California, Berkeley researchers describe new AI and machine learning techniques that enable robots to adapt to never-before-seen tasks and grasp occluded objects. The first…
Maccabi to deploy AI that identifies patients at risk of developing COVID-19 complications
April 23, 2020
An HMO developing a platform for the discovery of clinical insights from medial information, Israel’s Maccabi Healthcare Services, plans to deploy an AI system that can identify people at risk of developing COVID-19 complications. The work is being done in partnership with…
Legal tech startup Bodhala this week closed a $10 million round, the bulk of which will be put toward product R&D and sales efforts, cofounder and CEO Raj Goyle told VentureBeat. The company’s platform taps AI and machine learning to help companies analyze and optimize legal spend — a valuable service in light of the fact that equity partner profiles at the top 100 U.S. firms have doubled…
