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AI voice assistant developer Rokid raises $100M Series B extension to build its US presence

#artificialintelligence

Rokid, a Chinese startup that makes an AI voice assistant and smart devices, just raised a Series B extension round led by Temasek Holdings, with participation from Credit Suisse, IDG Capital and CDIB Capital. The size of the round was not released, but a source familiar with the deal told TechCrunch that it is $100 million. The company's previous funding was its Series B round, which was announced in November 2016. Founder and chief executive officer Mingming Zhu says Rokid raised a Series B instead of a C round because the company, which is based in Hangzhou, China with research centers in Beijing and San Francisco that develop its proprietary natural language processing, image processing, face recognition and robotics technology, is still in its early stages. Rokid wants to focus on gathering more resources and bringing in strategic investors like Temasek Holdings before moving on to a Series C.


Lemonade raises $120 million from SoftBank, others to take its chatbot-based insurance service global

@machinelearnbot

Lemonade, a mobile-first, AI-infused insurance firm backed by chatbots and self-proclaimed ethics, has announced a $120 million series C funding round led by Japanese telecom giant SoftBank. The round saw participation from some existing investors, which include big names such as GV (Google Ventures), Sequoia Capital, and Allianz.


DigitalGenius raises $14.75 million Series A for AI-based customer service solution

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When DigitalGenius participated in the TechCrunch Disrupt Battlefield competition in New York City in 2015, there weren't a lot of companies working on AI and machine learning. Today, it's become much more commonplace, and the company announced a $14.75 million Series A.


H2O.ai Raises $40 Million to Democratize Artificial Intelligence for the Enterprise

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WIRE)--H2O.ai, the leading company bringing AI to enterprises, today announced it has completed a $40 million Series C round of funding led by Wells Fargo and NVIDIA with participation from New York Life, Crane Venture Partners, Nexus Venture Partners and Transamerica Ventures, the corporate venture capital fund of Transamerica and Aegon Group. The Series C round brings H2O.ai's total amount of funding raised to $75 million. The new investment will be used to further democratize advanced machine learning and for global expansion and innovation of Driverless AI, an automated machine learning and pipelining platform that uses "AI to do AI."


Locus Robotics raises $25 million for warehouse RaaS

Robohub

Locus Robotics, a Wilmington, MA-based startup, raised $25 million in a Series B funding led by Silicon Valley Scale Venture Partners, with additional participation from existing investors. Locus plans to use the funds to expand into international markets and build up its growing subscription-based robot fleet. Locus business model uses Robots-as-a-Service (RaaS) which allows customers to use Locus' solutions without a large-scale capital investment.


Bossa Nova raises $17.5 million for shelf-scanning mobile robots

Robohub

Bossa Nova Robotics, a Silicon Valley developer of autonomous service robots for the retail industry, announced the close of a $17.5 million Series B funding round led by Paxion Capital Partners and participation by Intel Capital, WRV Capital, Lucas Venture Group (LVG), and Cota Capital. This round brings Bossa Nova's total funding to date to $41.7 million.


October 2017 fundings, acquisitions and IPOs

Robohub

Mapbox, a Washington, DC and San Francisco provider of nav systems for car companies and others involved in autonomous vehicles, raised $164 million in a Series C round led by the SoftBank Vision Fund, with participation from existing investors including Foundry Group, DFJ Growth, DBL Partners, and Thrive Capital. "Location data is central and mission critical to the development of the world's most exciting technologies," said Rajeev Misra, who helps oversee SoftBank's Vision Fund. Element AI, a Canadian startup providing learning platform solutions for self-driving and advanced manufacturing, raised $135 CAD million (around $105 million) in a Series A round (in June) led by Data Collective, a SV-based venture capital firm, and included participation by Fidelity Investments Canada, National Bank of Canada, Intel Capital, and Real Ventures. Ninebot, the Chinese consumer products company that bought out Segway and raised $80 million in 2015, raised another $100 million in a Series C round from the SDIC Fund Management Co. and the China Mobile Fund. Horizon Robotics, another Chinese startup, raised $100 million in a Series A round led by Intel Capital with participation by Wu Capital, Morningside Venture Capital, Linear Venture, Hillhouse Capital and Harvest Investments.


Dataiku raises $28m to enhance data science platform and double staff ZDNet

#artificialintelligence

Dataiku has announced raising $28 million in a Series B round led by Battery Ventures, with participation from FirstMark, Serena Capital, and Alven. The Series B round brings the total amount raised by the New York City-headquartered data science software company to approximately $45 million. Dataiku said the funding will be allocated across three areas: Development, marketing, and recruitment. It plans to double its headcount to 200 employees across its offices in London, New York City, and Paris over the coming months, and add connectors to deep learning frameworks to its platform. Founded in France in 2014, Dataiku offers a "collaborative" platform, called Data Science Studio (DSS), with connectors to data sources, visual data preparation, and prepackaged machine-learning algorithms.


Dataiku raises $28m to enhance data science platform and double staff

ZDNet

Dataiku has announced raising $28 million in a Series B round led by Battery Ventures, with participation from FirstMark, Serena Capital, and Alven. The Series B round brings the total amount raised by the New York City-headquartered data science software company to approximately $45 million. Dataiku said the funding will be allocated across three areas: Development, marketing, and recruitment. It plans to double its headcount to 200 employees across its offices in London, New York City, and Paris over the coming months, and add connectors to deep learning frameworks to its platform. Founded in France in 2014, Dataiku offers a "collaborative" platform, called Data Science Studio (DSS), with connectors to data sources, visual data preparation, and prepackaged machine-learning algorithms.


ThoughtSpot raises $60 million, ends funding round for artificial intelligence technology

#artificialintelligence

SAN FRANCISCO (Reuters) - Silicon Valley technology company ThoughtSpot has completed a $120 million funding round to fuel the start-up's new artificial intelligence endeavor. ThoughtSpot, based in Palo Alto, California, said on Thursday it had raised $60 million from investors in a financing round led by venture capital firm Lightspeed Venture Partners. The investment round, completed in January but previously undisclosed, was an extension of a $60 million financing round ThoughtSpot completed a year ago and doubles the total amount raised. Lightspeed was the first venture firm to back messaging company Snap. ThoughtSpot makes data analytics software for businesses with a Google-like search tool that allows users to search for data.