AI & Robotics

Celonis today closed a $290 million series C round for its solution that uses AI-driven data and process mining to make companies more efficient. This round raised the company’s valuation to $2.5 billion. Today’s news follows a $50 million funding round in June 2018 that was led by Accel and 83North and raised Celonis’ valuation to $1 billion. Celonis sits on top of existing enterprise IT…

While Europe still faces a wide venture capital gap compared to Silicon Valley, the continent is nevertheless making big strides in positioning itself as an attractive hub for scientifically based startups. This is one of the key takeaways of “State of European Tech Report 2019,” released today at the Slush technology conference in Helsinki, Finland. The report is produced by venture capital…

Mild cognitive impairment — which affects an estimated 15% to 20% of people over the age of 65, according to the Alzheimer’s Association — often progresses quickly and quietly. Those with it are at an increased risk of developing a dementia, making early detection critical. Researchers at Apple and the University of Tübingen believe the key might lie in iOS app usage habits. To this end…

Paris-based Foodvisor has raised $4.5 million in venture capital to accelerate development of its nutritional coaching app that uses artificial intelligence and computer vision to monitor users’ eating habits. Launched in 2018, the company is trying to prove that broader breakthroughs in deep learning can be applied to practical uses such as tracking food intake in such a way that it would have…