AI & RoboticsNews

AI startups raised record $26.6 billion globally in 2019

Artificial intelligence startups appear to be booming. Global venture capital increased 20% in 2019, while acquisitions jumped 24.8% from the previous year. According to a new report from CB Insights, AI companies raised $26.58 billion across 2,235 deals in 2019, up from 1,940 deals the previous year that totaled $22.148 billion. The 2019 numbers included 10 rounds of more than $100 million…
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AI & RoboticsNews

ServiceNow acquires AI for IT startup Loom Systems

ServiceNow today announced that it has acquired Loom Systems to strengthen automated insights for customers using the Now platform in order to help them quickly fix IT issues. Loom Systems CEO Gabby Menachem and some members of the Loom Systems team will join ServiceNow as…
AI & RoboticsNews

Why the hybrid AI compromise isn’t a solution at all

Presented by Ople.ai In recent years, AI has emerged as an undisputed competitive advantage, which means smart business leaders facing the digital transformation have some really familiar questions: How do you measure success? What questions do you need to ask to ensure that you’re making the right decisions right out of the gate? And most importantly, how do you implement AI in your business…
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AI & RoboticsNews

LumApps raises $70 million to fuel development of AI for its workplace collaboration platform

LumApps has raised a $70 million round of venture capital as the Paris-based startup seeks to bring more AI and machine learning capabilities to its workplace collaboration platform. The company’s Social Intranet service is deployed internally by companies with the goal of connecting employees so they can share information and communicate across all departments. Social Intranet integrates with…
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AI & RoboticsNews

Snyk raises $150 million at $1 billion valuation for AI that protects open source code

Snyk, a cybersecurity platform that helps developers find vulnerabilities in their open source applications, has raised $150 million in a round of funding led by New York-based private equity firm Stripes, with participation from Salesforce Ventures, Coatue, Tiger Global, BoldStart, Trend Forward, and Amity. This takes Snyk’s total funding to $250 million from backers including Alphabet’s GV…
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