Capital Markets


Deep Learning and Venture Capital - Week 15 Deep Learning Venture Capital London

#artificialintelligence

Apposite Capital invests in Mirada Medical London, UK – 8th April 2019. Apposite Capital, the private equity firm with an exclusive focus on healthcare, today announces that it has invested £6m in preferred equity in Mirada Medical, a world leading medical imaging software company. The investment will support Mirada's development of artificial intelligence (#AI) based software for increasing the speed and accuracy of #cancer treatment planning applications, while delivering a more personalised level of care to patients. Apposite has invested alongside Mirada's founding investor, AlbionVC, and other private investors. Skymind raises $11.5M Skymind (*), a Y Combinator-incubated AI platform that aims to make deep learning more accessible to enterprises, today announced that it has raised an $11.5 million Series A round led by TransLink Capital, with participation from ServiceNow, Sumitomo's Presidio Ventures, UpHonest Capital and GovTech Fund.


Data science, ethics, and the 'massive scumbags' problem ZDNet

#artificialintelligence

One of Australia's leading venture capital advisers had asked me that question back when the first dotcom bubble was about to burst, in the year 2000 or 2001. Here's how it's related to artificial intelligence, how it works and why it matters. I was involved with a startup, and we were meeting to discuss what the business plan needed to look like. The basic requirement, we were told, was a growth chart that went up and to the right at an acceptable rate. Investors needed to see that they'd get the return they'd expect.


Data science, ethics, and the 'massive scumbags' problem

ZDNet

One of Australia's leading venture capital advisers had asked me that question back when the first dotcom bubble was about to burst, in the year 2000 or 2001. Here's how it's related to artificial intelligence, how it works and why it matters. I was involved with a startup, and we were meeting to discuss what the business plan needed to look like. The basic requirement, we were told, was a growth chart that went up and to the right at an acceptable rate. Investors needed to see that they'd get the return they'd expect.


PolyAI scores $12M Series A to put its 'conversational AI agents' in contact centres

#artificialintelligence

PolyAI, a London startup founded by experts in the field of "conversational AI" -- including CEO Nikola Mrkšić, who was previously the first engineer at Apple-acquired VocalIQ -- has raised $12 million in Series A funding to deploy its tech in customer support contact centres. The round was led by Point72 Ventures, with participation from Sands Capital Ventures, Amadeus Capital Partners, Passion Capital and Entrepreneur First (EF). PolyAI's founders are graduates of EF, although they didn't meet during the company building program but already knew each other from their time at Cambridge's Dialog Systems Group, part of the Machine Intelligence Lab at the University of Cambridge. "We started PolyAI in 2017, straight after submitting our PhD theses," Mrkšić tells me. "At Cambridge, we developed state-of-the-art conversational technology, and starting a company was the best way to get this tech used in the real world. We brought many of our Cambridge colleagues with us and started building the commercial version of our conversational platform."


Global Big Data Conference

#artificialintelligence

Bay Area photography startup Polarr announced this morning that it has raised an $11.5 million Series A. The new round of funding, led by Threshold Ventures with participation from Pear Ventures and Cota Capital, brings the startup's total funding to around $12.5 million, according to the latest Crunchbase figures. At the moment, the company is probably best known for its photography app for iOS and Android, which utilizes machine learning and AI to improve image editing. The company says it has around four million monthly active users. This round of funding will go toward research and development, engineering and partnerships, the latter of which are starting to become a big business for Polarr. In fact, it's using the news to highlight the fact that it was tapped to bring its technology to the Samsung Galaxy S10's native camera app.


Adthena raises $14 million to analyze ad campaigns with AI

#artificialintelligence

Marketers are increasingly using AI to streamline workflows and automate monotonous tasks. According to an Adobe survey, about 15 percent of agencies are already using some form of machine learning, and 31 percent are planning to adopt it by the end of 2019. London-based Adthena is hoping to lure some of those soon-to-be customers with its AI-driven search marketing intelligence platform. Roughly seven years after its founding and a year after it established a presence in the U.S., the company is today announcing that it has raised $14 million in a series A funding round led by Updata Partners, bringing its total venture capital raised to $18.1 million. Founder and CEO Ian O'Rourke says the funds will be used to accelerate the company's stateside and global growth and to "strengthen" product development as it prepares to launch new channels.


Polarr raises $11.5 million for offline, on-device computational photography

#artificialintelligence

Polarr, a six-year-old San Jose computer vision startup cofounded by Stanford graduate and Google veterans Borui Wang and Derek Yan, today announced that it has secured $11.5 million in series A funding led by Threshold Ventures, with participation from Cota Capital and Pear Ventures. Wang said the fresh capital -- which brings its total raised to $13.5 million, according to Crunchbase -- will be used to accelerate research and development; expand platform and service support; and grow its technology partnerships in drone, home appliance, ecommerce, and image storage verticals. "As deep learning compute shifts from the cloud to edge devices, there is a growing opportunity to provide sophisticated and creative edge AI technologies to mobile devices," said Wang, who serves as CEO. "This new round of financing is a tangible endorsement of our approach to enable and inspire everyone to make beautiful creations." Threshold Ventures' Chris Kelley and Pear Ventures' Mar Hershenson will join Polarr's board of directors as part of the round.


Determined AI nabs $11M Series A to democratize AI development

#artificialintelligence

Deep learning involves a highly iterative process where data scientists build models and test them on GPU-powered systems until they get something they can work with. It can be expensive and time-consuming, often taking weeks to fashion the right model. New startup Determined AI wants to change that by making the process faster, cheaper and more efficient. It emerged from stealth today with $11 million in Series A funding. The round was led by GV (formerly Google Ventures) with help from Amplify Partners, Haystack and SV Angel.


Automation Hero raises $14.5 million to help companies automate repetitive processes

#artificialintelligence

SalesHero, a platform that meshes robotic process automation (RPA) with artificial intelligence (AI) to help businesses automate repetitive software-based processes, has raised $14.5 million in a series A round of funding led by Atomico, with participation from Baidu Ventures and Cherry Ventures. The San Francisco-based startup also announced that it is now called Automation Hero -- a name-change that reflects its renewed focus beyond sales teams. This round takes Automation Hero's total amount raised to $19 million, following its $4.5 million seed round last April, and Atomico principle Ben Blume will now join Automation Hero's board of directors. While RPA may not be the sexiest concept to emerge from the technology sphere, it is becoming a driving force behind companies' efforts to optimize workflows through automation and machine learning. In a nutshell, RPA involves installing software that sits on top of a company's own applications and observes what an employee does at the user interface level.


Singapore's Top 10 High Growth Analytics & AI Startups With The Highest Funding

#artificialintelligence

Venture capital investment in Singaporean startups has been faring well in the last few years with a lot of investments flowing in AI, IoT, analytics, data science and cloud startups. As the country is aiming to be the smart nation in the globe, there are has been a tremendous increase in the number of startups in the tech space. This article covers 10 leading startups in the emerging tech space that have the biggest war chest in terms of funding over the last two years. Singapore's image recognition startup Trax Retail is the most heavily funded AI startup followed by ViSenze that received a fresh capital boost of $20 million. This list is in alphabetical order.