Faros AI, an artificial intelligence (AI) startup focused on software engineering, announced today that it has raised $20 million in series A funding led by Lobby Capital, with participation from SignalFire, Operator Collective, and Salesforce Ventures. The funding will be used to scale Faros AI’s engineering intelligence platform, which aims to give enterprise leaders insights into their…
Hours after teaming up with data cloud provider Snowflake, Nvidia has backed a vendor working to overcome data hurdles associated with medical AI development. NVentures, the venture capital arm of the computing giant, has co-led Minneapolis-based Flywheel’s $54 million…
Can AI help reduce traffic jams? NoTraffic raises $50M to outfit roads with smart sensors
June 27, 2023
NoTraffic, an Israeli traffic management startup, today announced its $50 million series B funding round. The company is on a quest to live up to the promise of its name by outfitting intersections and complex roadways with wireless smart sensors commanded by an AI-driven…
Calling a restaurant? An AI voice may answer now, thanks to these former Spotify data scientists
June 27, 2023
Slang.ai, an AI-powered phone answering product for the restaurant industry founded by two former Spotify data scientists, has successfully closed a $20 million Series A funding round led by Hunter Walk’s and Satya Patel’s venture capital outfit Homebrew, with additional backing from other VCs and celebrity restauranteur Tom Colicchio of Top Chef fame.
The funding will support Slang.ai’s…
CalypsoAI, an artificial intelligence (AI) security startup based in Washington D.C., announced today that it has raised $23 million in series A-1 financing to accelerate the development of its AI governance solutions. The funding round was led by Paladin Capital Group, with…
New poll data from enterprise MLOps platform Domino Data Lab found that data scientists believe generative AI will significantly impact enterprises over the next few years, but its capabilities cannot be outsourced — that is, enterprises need to fine-tune or control their…
Customer engagement software company Braze, a publicly traded firm that specializes in offering marketing tools for mobile apps, today announced its new generative AI solution: Sage AI by Braze, which it says enhances automation, personalization, and predictive capabilities for its customers.
Braze already has a strong track record with some of the largest and most recognizable brands across…
Databricks and MosaicML CEOs say $1.3 billion deal is about helping enterprises create AI IP
June 27, 2023
The news that Databricks had signed a definitive agreement to acquire AI startup MosaicML for an estimated $1.3 billion made headlines yesterday. But for the two companies’ CEOs, the deal was a natural fit, and all about helping speed up enterprise adoption of generative…
As the hype and momentum behind generative AI continue to grow, so too does the performance of the underlying systems that enable machine learning (ML) training.
MLCommons today announced the latest set of results for its MLPerf training 3.0 benchmark. This aims to provide…
Snowflake is making another generative AI push. Today at its annual conference, the data cloud company announced Document AI, a new large language model (LLM)-based interface that allows enterprises to quickly extract value from their barrage of documents. The move marks a major development for the data giant — which started off with a focus on structured data — and provides an easy way to…
