Aidoc, a Tel-Aviv, Israel-based medical imaging company, announced back in August that it had gained FDA clearance for a new solution that helps radiologists triage patients using artificial intelligence (AI). Now, to meet an increase in customer demand as a result of that announcement, the company has hired Tom Shearer to manage sales in North America and Jeremy De Sy to handle sales throughout Europe. "AI isn't the future for medical imaging; it's the present," Shearer said in a prepared statement. "Aidoc is led by extraordinary individuals who have developed a revolutionary product. This solution is always running in the background, on every exam, filling a critical need in medical imaging by helping radiologists manage their increasing workload while maintaining high standards."
Planck Re, a startup that wants to simplify insurance underwriting with artificial intelligence, announced today that it has raised a $12 million Series A. The funding was led by Arbor Ventures, with participation from Viola FinTech and Eight Roads. Co-founder and CEO Elad Tsur tells TechCrunch that the capital will be used to expand Planck Re's product line into more segments, including retail, contractors, IT and manufacturing, and grow its research and development team in Israel and North American sales team. The Tel Aviv and New York-based startup plans to focus first on its business in the United States, where it has already launched pilot programs with several insurance carriers. Tsur says that Planck Re's clients generally use it to help underwrite insurance for small to medium-sized businesses, including business owner policies, which cover property and liability risks, and workers' compensation. Founded in 2016 by Tsur, Amir Cohen and David Schapiro, Planck Re poses its technology as a more efficient and accurate alternative to the lengthy risk assessment questionnaire insurers ask clients to fill out.
IBM announced that it is acquiring the Israeli application discovery firm EZSource. Financial terms of the deal were not disclosed. Founded in 2003, EZSource is known for its visual dashboard product that helps developers modernize mission-critical mainframe applications. The company has offices in Israel, the U.K., the U.S., Switzerland, Japan and Romania and a current client roster that includes ING Life, Maybank and 7-Eleven. Using advanced analytics, the EZSource dashboard alerts developers to the number of sections of code that are in need of an update, which makes the entire update process more efficient and secure, IBM said.
As a general partner at a company that helps Israeli companies penetrate new markets and an advisor to companies on go-to-market strategies, I see remarkable innovation from startups, but I also see an astonishing lack of adoption and fear of artificial intelligence (AI) within companies. In the sales and marketing departments, specifically, I see this as a huge disadvantage. Here is why -- and some steps you can take today to start adopting AI within your organization. Let's imagine Amy, a salesperson in an enterprise SAAS company. Her days used to consist of a good amount of administrative work, manually entering data into Salesforce, looking for potential customers, cold calling, sending emails and scheduling meetings -- many times without any results.
Deal terms were not disclosed, but Reuters cites Israeli media reports that it was over $800 million. Although the company is headquartered in New York City, about half of its 400 employees are in Israel. While there is no shortage of firms offering analytics and marketing intelligence, Datorama has emphasized it can present the advertising and marketing data from a variety of tools -- the company says the average marketer has an average of 70 data streams -- inside one cloud-based dashboard, where AI helps generate automated reporting, insights for decision-making and ways to optimize campaigns.