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Teikametrics Raises $15 Million to Extend Its AI Multi-Channel Optimization

#artificialintelligence

Teikametrics, a leading SaaS provider of AI-powered optimization for brands and sellers on Amazon and Walmart, announced the completion of a $15 million strategic funding round backed by new and existing investors. The announcement follows Teikametrics' selection as one of Walmart's first exclusive advertising optimization partners, and the addition of Srinivas Guddanti, a 14-year senior Amazon veteran, as its Chief Product Officer. "We're thrilled to lead this new round of capital in Teikametrics" Jump Capital led the round and were joined by follow-on investments from Granite Point Capital, MIT Professor of Econometrics, Jerry Hausman, and the former Head of Growth at Facebook and Uber, Ed Baker. "We're thrilled to lead this new round of capital in Teikametrics," said Michael McMahon, founding partner of Jump Capital. "The Company has grown rapidly, and the success of its proprietary AI technology for Amazon is a strong proof point for a broader ecommerce platform opportunity. The partnership with Walmart is a landmark event and we are excited to fund the expansion of the Teikametrics platform across multiple ecommerce channels."


El Paso Walmart massacre suspect pleads not guilty to capital murder charges

FOX News

Patrick Crusius, accused of killing 22 people in an El Paso, Texas Walmart, has plead not guilty; Casey Stegall reports. The 21-year-old man accused of killing 22 people when he opened fire at a Walmart in El Paso, Texas on Aug. 3, pleaded not guilty to capital murder charges at his initial court appearance Thursday. Patrick Crusius walked into the courtroom wearing a dark suit, white shirt and glasses. He was sworn in, waived the reading of his indictment and pleaded not guilty. The entire hearing lasted less than three minutes.



Wal-Mart gives workers a way to get paid earlier

Los Angeles Times

Wal-Mart is providing workers with an app aimed at helping them budget their money and get paid before payday.


Humana Moves to Buy Another Home Care Group

#artificialintelligence

Humana, one of the largest insurance providers in the United States, is again teaming up with a group of investment firms to snap up a health services company. This week, the insurer announced that TPG Capital (TPG) and Welsh, Carson, Anderson & Stowe (WCAS) would join in the $1.4 billion purchase of Curo Health Services, a company that provides hospice care more than 20 states. In Curo, the 3 investors see "a highly capable management team and a tech-enabled, centralized model for hospice care" that presents them the opportunity "to be a leader in managing the continuum of home health, palliative care and hospice in an integrated fashion." The announcement goes on to champion an integrated, analytics-based model that will allow them to "modernize, enhance and transform home healthcare in America." READ: Walmart, Humana, and the Consolidating Healthcare Landscape It's the second time that the 3 firms made a combined offer on a home care organization in the last 6 months.