capital market


Phantom AI secures $22 Million in Series A Funding Round

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Phantom AI has secured raised $22 Million in Series A funding round. Celeres Investments led the latest funding round. Other investors participated in the round includes Ford Motor Company and KT (Korea's largest telco). The company intends to use the latest funds to speed up product development and scale its operations in Europe and Asia regions. Executive Opinion Co-founder and CEO of Phantom AI, Hyunggi Cho, "We founded Phantom AI to fundamentally change the economics of ADAS by developing modern software-based solutions that are high performing, cost effective, and infinitely flexible and customizable. To the automakers frustrated with the lack of options in computer vision technologies--Phantom AI is here to help. We are thrilled to bring our AI-based perception technology, including computer vision, sensor fusion and control capabilities to market, and to have the support of our new investors to help us accelerate production globally."


ModelOps Is The Key To Enterprise AI

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In the last two years, large enterprise organizations have been scaling up their artificial intelligence and machine learning efforts. To apply models to hundreds of use-cases, organizations need to operationalize their machine learning models across the organization. At the center of this scaling up effort is ModelOp, the company that builds solutions to scale the processes that take models from the data science lab into production. Even before their recent $6 million Series A funding led by Valley Capital Partners with participation from Silicon Valley Data Capital, they are already the leader providing ModelOps solutions to Fortune 1000 companies. ModelOps is a capability that focuses on getting models into 24/7 production.


Engineer.ai eyes India expansion with $29.5 Mn from Lakestar, Jungle venture and SoftBank

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Human-assisted artificial intelligence platform Engineer.ai The startup with global presence including offices in Los Angeles, London, Delhi NCR, Mumbai, and Tokyo will use the capital to go deeper in engineering operations and drive customer acquisition. Besides, the Sachin Dev Duggal led company is also planning to expand its operations in the Asia Pacific region, especially India, South East Asia including China. Touted as the low code no code AI platform, Engineer.ai'Builder'


Espressive Raises $30M Series B To Automate Help Desks

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Enterprise service management startup Espressive raised $30 million for its Series B round, the company announced Wednesday. Espressive uses artificial intelligence to automate help desks for employee inquiries. Insight Partners led the Series B round, with participation from previous investors General Catalyst and Wing Venture Capital. The new funding will be used to improve the Santa Clara, California-based company's Natural Language Processing engine and Barista Employee Language Cloud (ELC), according to a statement from Espressive. The ELC learns new phrases, topics, phrase structures and synonyms as employees ask it questions.


This avatar can talk to you Master Data Science 29.02.2020

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Twenty Billion Neurons (TwentyBN), is a leading provider of real-time, interactive computer vision and artificial intelligence solutions. It is an AI company with the mission of instilling common sense into computers through video understanding and of turning inanimate devices into human eyes that can understand the world around them, assist humans, and ensure a safe and healthy lifestyle. Founded in 2015, a company is building an artificial intelligence system that interacts with humans while "looking" at them. This enables the system to understand their behavior, surrounding and the full context of the engagement. This AI solution allows people to interact with technology and each other in new and exciting ways that will impact every aspect of their lives.


The AI startup industry may be heading for consolidation and bigger problems as the economy gets tougher: 'Get acquired or go out of business'

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Perhaps no area of tech has been more buzzy in recent years than the shiny sector of artificial intelligence startups. That happy innovation workshop may have just hit hard times. AI execs and investors say market volatility and regulations clamping down on data may soon lead to AI startups getting gobbled up by companies with cash and data to burn. The market intelligence firm CB Insights said in a report this year that the 100 best-funded startups in artificial intelligence have raised over $7.4B in funding across 300 deals from 600 unique investors. Now as the market skyrockets, then plummets in extreme volatility amid the coronavirus crisis, that may be endangered.


Deepgram secures $12M to expand speech recognition tech accuracy

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Speech recognition startup Deepgram has secured $12 million in Series A funding led by Wing VC, writes TechCrunch. Deepgram leverages deep learning and has already raised a few million in capital in its five-year existence. Other investors that joined the funding round include Nvidia, Y Combinator and SAP. The startup wants to use the investment to create new job opportunities in go-to-market and engineering, and expand its team from its current 40 members to an undisclosed number. It also wants to purchase some new hardware, as it runs its own service for better margins, which also makes it a natural partner for Nvidia.


The Women Defining The 21st Century AI Movement: Part 2 Of 2

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Mr. Minevich is a highly regarded and trusted Digital Cognitive Strategist, Artificial Intelligence expert, Venture Capitalist, and the principal founder of Going Global Ventures. Mark collaborates and advises large global enterprises both in the US and Japan (Hitachi), and is the official AI and Future of Work Advisor to the Boston Consulting Group. Currently, he serves as the strategic advisor and Global ambassador to the CEO and Chairman of New York based IPsoft Inc. Mark holds the role of senior fellow as part of the U.S. Council on Competitiveness in Washington, D.C., and maintains a position as senior adviser on Global Innovation and Technology to the United Nations Office of Project Services (UNOPS). He is an appointed member of the G20/B20's Digital Task Force, supplementing the group with expert knowledge on digitization, advanced autonomous systems, and the future of AI.


AI Under the Hood: Kaskada, Inc. - insideBIGDATA

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In this regular insideBIGDATA feature we highlight our industry's movers and shakers, companies that are pushing technology forward, and setting trends for innovation. We look at companies with a focus on big data, data science, machine learning, AI and deep learning – some new, some old, always leading, always dynamic. We also take deep dives into new technology promoted (or hyped) as "AI" or my favorite "AI-powered" to provide transparency for what's really going on under the hood. In this installment of "AI Under the Hood" I introduce Kasakda, Inc., a Seattle-based early stage company founded in January 2018. Kaskada is a machine learning platform for feature engineering using event-based data.


UPDATE 1-German data mining software provider Celonis valued at $2.5 bln after funding round

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BERLIN, Nov 21 (Reuters) - German data mining software firm Celonis said on Thursday that it had raised $290 mln in a Series C funding round, putting a $2.5 billion valuation on the company that has been compared with enterprise application giant SAP . The funding round was led by Arena Holdings and investors included Ryan Smith, the founder of customer experience specialist Qualtrics that was bought by SAP for $8 billion a year ago. Celonis, based in Munich and New York, runs a cloud-based service that uses artificial intelligence to mine data and optimise business processes, serving customers including Siemens, 3M, Airbus and Vodafone. "We are in a market that shows enormous momentum," co-CEO and co-founder Bastian Nominacher told Reuters, adding that Celonis would invest the funds raised in its global sales and customer service and in enhancing its cloud platform. The funding round brings total investments into Celonis to $370 million.