AI-powered grocery management platform Afresh today raised $13 million in funding, which a source tells VentureBeat values the company at over $100 million. Afresh says the capital will enable it to expand its product across supply chain, store operations, and merchandising for all food categories, following a year in which it doubled the size of its workforce.
Grocery stores are responsible for…
BeyondMinds raises $15 million to drive enterprise AI adoption
November 26, 2020
BeyondMinds today announced a $15 million funding round led by Check Point cofounder Marius Nacht. The company, which is based in Tel Aviv and New York, says it will devote the bulk of these funds to sales and product R&D as it expands its customer base.
The benefits of…
ClosedLoop.ai raises $11 million for off-the-shelf AI solutions tailored for health care scenarios
November 26, 2020
ClosedLoop.ai (formerly Deep Health Technologies), a health care data science startup specializing in AI and automation, today raised $11 million in series A funding led by Greycroft and .406 Ventures with participation from Silicon Valley Bank and Meridian Street Capital.
Forter raises $125 million at a $1.3 billion valuation to combat ecommerce fraud with AI
November 26, 2020
Forter, an automated fraud detection platform for ecommerce, has raised $125 million in a series E round that values the company at over $1.3 billion.
The raise comes as ecommerce transactions surge under pandemic-driven lockdowns. But the throngs of people jumping online to shop have opened the floodgates to fraud. Recent data suggests digital fraud attacks have doubled in 2020, while the U.K.
Fable Studio won an Emmy Award for its Wolves in the Walls virtual reality project. Now it’s relaunching Lucy, a next-generation AI character, to have conversations in the wider world.
Lucy will soon be available on social platforms such as Zoom, Facebook, and Google…
Canvas emerges from stealth with AI for drywall installation
November 26, 2020
Canvas, a company that uses machine learning to install drywall at construction sites, emerged from stealth today. Canvas was founded in 2017 and uses a modified JLG lift, robotic arm, and sensors to automate drywall installation.
Once that task is perfected, Canvas plans to…
Though humans historically provided concierge services for commercial buildings, guiding visitors to their destinations and answering questions, artificial intelligence and computer vision have advanced to the stage where fully digital alternatives can offer the same or better guidance. So Resonai is targeting enterprises with today’s launch of Vera Concierge, an augmented reality system that…
Researchers in China say they’ve created sarcasm detection AI that achieved state-of-the-art performance on a dataset drawn from Twitter. The AI uses multimodal learning that combines text and imagery since both are often needed to understand whether a person is being…
ControlUp, a startup leveraging AI to help IT teams remediate problems with on-premise, hybrid, and cloud infrastructure, today raised $27 million in funding. The company says the investment will enable it to expand its platform and market presence to monitor user…
What enterprise CISOs need to know about AI and cybersecurity
November 26, 2020
Hari Sivaraman is the Head of AI Content Strategy at Venturebeat.
Modern day enterprise security is like guarding a fortress that is being attacked on all fronts, from digital infrastructure to applications to network endpoints.
That complexity is why AI technologies such as deep learning and machine learning have emerged as a game-changing defensive weapon in the enterprise’s arsenal over…
