Vast Data, a company developing large-scale flash storage solutions, today announced that it raised $100 million at a $1.2 billion valuation (up three times since February 2019). CEO Renen Hallak says it’ll be used to drive expansion and lay runway for the startup’s future growth, which bodes well for customers like the National Institutes of Health, Squarepoint, Ginkgo Bioworks, General…
Online learning startup Coursera today debuted CourseMatch, an AI tool that matches classes in schools’ on-campus course catalogs to relevant offerings in Coursera’s catalog. It’s a part of the startup’s Coronavirus Response Initiative that launched in early March…
Clova AI Research uses unsupervised learning to deliver state-of-the-art image style transfers
April 16, 2020
AI researchers in South Korea created an AI system named U-GAT-IT, an unsupervised learning model for image-to-image translation. They said U-GAT-IT outperforms four other top generative networks created with unsupervised learning in almost every instance.
Image-to-image…
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…
