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Vectra Raises $123M for Global Push of its AI-Based Security Plat


Security startup Vectra closed a $36 million Series D funding round, bringing its total funding to $123 million. The company will use the latest investment to help build a research and development center in Dublin as it pushes its artificial intelligence (AI)-based platform into the global market.

Vectra raises $36 million in AI-based threat detection push


Vectra has raised $36 million in a series D funding round to push forward the development of artificial intelligence (AI) threat detection systems.

CommonSense Robotics raises $20 million Series A funding for automated grocery fulfillment centers


Food is a growing, complicated area of ecommerce with lots of room for improvement. It's just not easy to store, pick, and deliver fresh groceries. "This complication is something CommonSense sees as an opportunity," says Elram Goren, CEO and co-founder of CommonSense Robotics. The Israeli robotics company announced today that it raised $20 million in Series A funding, in a round led by Playground Global and including previous investors Aleph VC and Eric Schmidt's Innovation Endeavors. The funds will be used to expand the company and further develop robotics and AI for "micro-fulfillment centers," which are automated grocery fulfillment centers where robots will efficiently store, sort, and process inventory that fit in small warehouses.

Quizlet Raises $20 Million to Bring More Artificial Intelligence to Its Study Tools - EdSurge News


Big numbers are nothing new to Quizlet, one of the most widely-used digital study tools in the United States. And according to one website tracker, it is among the most visited sites in the country (besting LinkedIn and Spotify).

Robotics industry fundings, acquisitions & IPOs: January 2018


Twenty-five different startups were funded in January cumulatively raising $784 million; a great start for the new year. Four acquisitions were reported during the month while the IPO front lay waiting for something to happen.

Google Brain co-founder raises $175 million fund for AI startups


Ng announced Tuesday that he raised money from venture capital firms New Enterprise Associates, Sequoia Capital and Greylock Partners as well as SoftBank Group Corp. Under Ng, Baidu released a voice-based operating system that users can talk to - much like Amazon's Alexa voice assistant or Apple's Siri - and also started working on self-driving cars and face recognition technology to open things like transit turnstiles when users approach. I think it's a more systematic, repeatable process than most people think," said Ng, who also taught artificial intelligence courses at Stanford University. The first company to receive money from the fund will be,

Baidu Artificial Intelligence Alumni Raise $300 Million In One Year


When it comes to raising tens of millions of dollars in venture capital, it helps to be a veteran of Baidu's artificial intelligence units. Over the prior 12 months, former employees of the Chinese tech giant have raised close to US$300 million in VC funding rounds, according to a review of deals by China Money Network.

"Above the Trend Line" – Your Industry Rumor Central for 1/15/2018 - insideBIGDATA


Above the Trend Line: your industry rumor central is a recurring feature of insideBIGDATA. In this column, we present a variety of short time-critical news items grouped by category such as people movements, funding news, financial results, industry alignments, rumors and general scuttlebutt floating around the big data, data science and machine learning industries including behind-the-scenes anecdotes and curious buzz. Our intent is to provide you a one-stop source of late-breaking news to help you keep abreast of this fast-paced ecosystem. We're working hard on your behalf with our extensive vendor network to give you all the latest happenings. Be sure to Tweet Above the Trend Line articles using the hashtag: #abovethetrendline.

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


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.

Unbabel raises $23M for its 'AI-powered, human-refined' translation platform


Lisbon-headquartered Unbabel, a startup that has developed what it describes as an "AI-powered, human-refined" translation platform that makes it more cost effective to conduct business globally, has raised $23 million in Series B funding.