Financial News
Dimension Five Technologies Inc. Enters into a Share Exchange Agreement with Digital Cavalier Technology Services Inc. - Dimension Five Technologies Inc
VANCOUVER, BC / ACCESSWIRE / December 12, 2019 / Dimension Five Technologies Inc. (CSE:DFT) (the "Company"), is pleased to announce that it has entered into a share exchange agreement dated December 11, 2019 (the "SEA") with Digital Cavalier Technology Services Inc. doing business as Youneeq ("Youneeq") to acquire all of the issued and outstanding securities of Youneeq (the "Transaction"). The Company and Youneeq have signed the SEA and signatures are being gathered from Youneeq shareholders in order to obtain a fully executed version. The proposed transaction is dependent on all Youneeq shareholders signing the SEA. Youneeq is an award-winning personalization and recommendation engine powered by artificial intelligence (AI). The company is poised to become a leading multi-channel AI personalization engine focused on the anonymous audience, the single biggest segment for marketers.
Nexus-backed artificial intelligence startup Observe.ai raises Series A funding
Observe.ai, an artificial intelligence-based startup that focusses on voice conversations for customer service, has raised $26 million (approximately Rs 184.16 crore at current exchange rates) in its Series A funding round from a clutch of investors. California-based venture capital firm Scale Venture Partners led the investment round, Observe.ai said in a statement. Other investors that participated in the round include Nexus Venture Partners, Steadview Capital, 01 Advisors and Emergent Ventures. The company said it will use the funds to expand its US and India teams, and will also accelerate its product development. Swapnil Jain, co-founder and chief executive officer at Observe.ai, said the investment will fuel the firm's mission to elevate agent performance through AI-based coaching and insights The latest investment takes the total funding raised by Observe.ai
Observe.ai raises $26 million for AI that monitors and coaches call center agents
Countless tech platforms are setting out to help call centers automate conversations with their customers. But U.S-Indian startup and Y Combinator alum Observe.ai is bucking that trend by using AI to help coach human call center workers, rather than replace them. Today the company announced it has raised $26 million in a series A round of funding to further this mission. It then automatically transcribes each call and carries out sentiment analysis to determine customer satisfaction while drawing correlations between the words and actions of the support agent and the happiness of the customer. Top-performing agents can be used as benchmarks to determine what works, which can then help train new or under-performing support staff.
40 Corporations Working On Autonomous Vehicles
Beyond trendy names like Tesla and Alphabet chasing self-driving cars, a host of auto brands and other tech heavyweights are also investing in autonomous R&D. Private companies working in auto tech are attracting record levels of deals and funding, with autonomous driving startups leading the charge. Along with early-stage startups, VCs, and other investors, large corporations are also angling to get a slice of the self-driving pie. From autonomy to telematics to ride sharing, the auto industry has never been at more risk. Get the free 67-page report PDF. Using CB Insights' investment, acquisition, and partnership data, we identified over 40 companies developing road-going self-driving vehicles. They are a diverse group of players, ranging from automotive industry stalwarts to leading technology brands and telecommunications companies. This list is organized alphabetically and focuses on larger corporate players in the space (as opposed to earlier-stage startups). Companies working on industrial autonomous vehicles were not included in this analysis. A few of the companies or brands listed below belong to the same parent organization but are detailed separately if they are operating distinct autonomous development programs. Some companies are grouped together by key partnerships or alliances. Given the complex web of relationships between these players, other collaborations are also noted in each profile. This is not intended to be an exhaustive list of corporations working on autonomous vehicle technology. This brief was originally published on 9/25/2015 and featured 25 select corporations. It was updated and expanded on 5/17/2017, 9/4/2018, and 8/28/2019. Over the last decade, Amazon has spent billions of dollars working on finding ever-better solutions to the last-mile problem in delivery. It's built its own fleet of cargo jets, explored delivery by drone in the form of "Prime Air," and more. More recently, an increasing percentage of that investment has been directed toward autonomous vehicle technology. In February 2019, Amazon invested in Aurora Innovation, an autonomous tech startup run by former executives from two other firms with strong ties to self-driving technology: Google and Tesla. "Autonomous technology has the potential to help make the jobs of our employees and partners safer and more productive, whether it's in a fulfillment center or on the road, and we're excited about the possibilities." The Aurora investment isn't the only autonomous technology play that Amazon is pursuing. In January 2019, the company introduced the Amazon Scout, a six-wheeled electric-powered delivery robot.
NBA Partners With GameOn Technology In Launching AI Chatbot On Facebook Messenger
The NBA and GameOn Technology announced a partnership this week where the league will take advantage ... [ ] of the company's AI chatbot technology to provide in-game highlights via Facebook Messenger. As sports move into the new decade, it can be argued that the key new technologies that will define tech's impact will be the influx of artificial intelligence (AI) and machine learning (ML) related to how teams conduct their business objectives. These businesses use range from improving performance on the field and for in-game decision-making to achieving revenue objectives through utilizing the technology to make better use of the enormous amounts of data that teams and leagues collect from fan shopping habits and online behavior. As part of this process, AI is being utilized to automate chat to reduce manpower needs. With this in mind, the National Basketball Association (NBA) announced a partnership this week with AI chatbot company GameOn Technology that will engage fans of the league through Facebook Messenger to deliver highlights in-game. The chatbot will deliver news updates as games unfold each evening as well as game previews, tailored news notifications, scoring alerts, schedules, and even GIFs.
German data mining software provider Celonis valued at $2.5 bln after funding round
German data mining software firm Celonis said on Thursday that it had raised $290 mln in a Series C funding round, putting a $2.5 billion valuation on the company that has been compared with enterprise application giant SAP . The funding round was led by Arena Holdings and investors included Ryan Smith, the founder of customer experience specialist Qualtrics that was bought by SAP for $8 billion a year ago. Celonis, based in Munich and New York, runs a cloud-based service that uses artificial intelligence to mine data and optimize business processes, serving customers including Siemens, 3M, Airbus and Vodafone. "We are in a market that shows enormous momentum," co-CEO and co-founder Bastian Nominacher told Reuters, adding that Celonis would invest the funds raised in its global sales and customer service and in enhancing its cloud platform. The funding round brings total investments into Celonis to $370 million.
Appier, an AI Company Secures $80M in Series D Funding
The company has acquired two start-ups since 2018- QGraph and Emotion Intelligence (Emin)- and following strategic integration of their technology into Appier's core offering. Taipei: Appier, an artificial intelligence (AI) company, announces today that it has raised a US$80 million Series D funding round with investment from TGVest Capital, HOPU-Arm Innovation Fund, Temasek's Pavilion Capital, Insignia Venture Partners, JAFCO Investment and UMC Capital. Appier's total funding to date is US$162 million. The latest capital injection will propel worldwide market expansion, attract outstanding global talent and drive innovation in AI for new industries beyond digital marketing, in addition to continuing to strengthen and scale Appier's current product suite. "Appier has been unwavering in its commitment to developing AI that makes people's lives easier, and we're proud to help our customers become data-driven organizations with cutting-edge technology at their core," said Chih-Han Yu, Appier CEO and Co-founder.
Appier, an AI Company Secures $80M in Series D Funding
The company has acquired two start-ups since 2018- QGraph and Emotion Intelligence (Emin)- and following strategic integration of their technology into Appier's core offering. Taipei: Appier, an artificial intelligence (AI) company, announces today that it has raised a US$80 million Series D funding round with investment from TGVest Capital, HOPU-Arm Innovation Fund, Temasek's Pavilion Capital, Insignia Venture Partners, JAFCO Investment and UMC Capital. Appier's total funding to date is US$162 million. The latest capital injection will propel worldwide market expansion, attract outstanding global talent and drive innovation in AI for new industries beyond digital marketing, in addition to continuing to strengthen and scale Appier's current product suite. "Appier has been unwavering in its commitment to developing AI that makes people's lives easier, and we're proud to help our customers become data-driven organizations with cutting-edge technology at their core," said Chih-Han Yu, Appier CEO and Co-founder.