Results


Biotech Entrepreneur, 29, Raises $32 Million To Use AI To Develop Drugs For Parkinson's, ALS

#artificialintelligence

Alice Zhang appeared on Forbes' 2017 list of the 30 Under 30 in Science.Jamel Toppin for Forbes Alice Zhang, 29, was a graduate student at UCLA when she decided there was a tremendous opportunity to speed up the process of drug development. "I started becoming frustrated with how drug discovery was done. I viewed it as a guessing game and largely focused on single targets. In our lab, we were finding that literally hundreds of targets were causing disease. We could start taking the guesswork out of drug discovery."


Three unexpected artificial intelligence investment opportunities GB Investments

#artificialintelligence

On the one-year anniversary of the launch of Smith & Williamson's £100m Artificial Intelligence fund, Chris Ford, the strategy's lead manager, explains how AI is making its way into every part of our lives. The backdrop is that AI is transforming the way we drive, the way we communicate with each other and the way we learn, creating a host of opportunities for investors. But, said Ford, while the likes of Tesla and Google are obvious targets for investors seeking exposure to this rapidly growing field, many exciting AI opportunities also exist in finance, healthcare, media and many other sectors. Ford said: "When most of us think of artificial intelligence, we might think of self-driving cars made by Tesla, or Siri, Apple's virtual assistant. "But artificial intelligence is now being used by a whole host of companies and industries, many of which may surprise investors."


AI-powered sales startup 19th Mile bags angel funds from HNIs

#artificialintelligence

Artificial intelligence-based sales acceleration software platform 19th Mile has raised $180,000 (Rs 1.2 crore) in angel investment from high-net-worth individuals, the company said in a media statement. The key investors include Rishi Vasudev, vice president of fashion at Flipkart; Excelsior Investments; Ritesh Vohra, partner at IDFC Real Estate Fund; Praveer Kumar, chief technology officer at payments solutions startup Finxera; Prashant Gupta, head of engineering at Finxera; and a few others, the statement added. Ltd, the company was founded 2015 by Vijay Gogoi, who worked at consultancy giant Accenture before starting up. An electronics engineer from National Institute of Technology, Rourkela and MBA from MDI, Gurgaon, Gogoi has 19 years of experience in management consulting, sales, talent development, and general management, and has been a technology entrepreneur for the past two years. The company will use the funds to strengthen its product, bolster its technology team, and will launch brand awareness initiatives in India and other international markets, the statement said.


HNIs invest in AI-based sales startup 19th Mile

#artificialintelligence

Artificial intelligence-based sales acceleration software platform 19th Mile has raised $180,000 (Rs 1.2 crore) in angel investment from high-net-worth individuals, the company said in a media statement. The key investors include Rishi Vasudev, vice president of fashion at Flipkart; Excelsior Investments; Ritesh Vohra, partner at IDFC Real Estate Fund; Praveer Kumar, chief technology officer at payments solutions startup Finxera; Prashant Gupta, head of engineering at Finxera; and a few others, the statement added. Ltd, the company was founded 2015 by Vijay Gogoi, who worked at consultancy giant Accenture before starting up. An electronics engineer from National Institute of Technology, Rourkela and MBA from MDI, Gurgaon, Gogoi has 19 years of experience in management consulting, sales, talent development, and general management, and has been a technology entrepreneur for the past two years. The company will use the funds to strengthen its product, bolster its technology team, and will launch brand awareness initiatives in India and other international markets, the statement said.


Tamr Preps for Growth with $18M Round

#artificialintelligence

Tamr today announced that it has raised $18 million in venture capital to help it grow its business, which is focused taking a "machine-driven, human-guided" approach to taming messy data. The funding round, which was Tamr's fourth, brings the five-year-old Cambridge, Massachusetts company's total funding to $59.4 million, according to Crunchbase. It will be the company's last, Tamr co-founder and CEO Andy Palmer told the Boston Business Journal. Tamr, which originated as a research project in co-founder Mike Stonebraker's graduate class at the Massachusetts Institute of Technologies, was spun out of MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL) in 2014 with a novel approach to data preparation. The company subsequently emerged from stealth later that year to enter the market for data preparation software, which Gartner says attracts $780 million per year in spending.


AI for investors: Potential applications

#artificialintelligence

In a recent survey of its Asia Pacific clients, fund manager Northern Trust found that artificial intelligence is widely expected to become commonplace within institutional investors by 2020. About 60% of the fund's Australian-based institutional investment clients believe meaningful adoption will occur over the next two years, while Singapore and Hong Kong-based clients anticipate broad adoption in two to five years. AI implementation in the investment community is unavoidable, but what specific applications can we expect for institutional investors? The magazine Institutional Investortries to answer this question by observing the types of technology the largest US asset managers have been investing in. It notes that State Street Global Advisors has been building up its AI infrastructure by investing inmassively parallel processing, a technology through which multiple processors work on different parts of a program, helping it deal with large datasets to forecast company fundamentals and find anomalies in fundamental data.


Fundings Provide a Peek into Emerging Tech - InformationWeek

#artificialintelligence

Somewhere in the spare room of a home in the US or overseas, a recent high school grad and soon to be member of the Class of 2022 at a school like Stanford or Georgia Tech is gathering up the clothes, gadgets, and dorm room basics that they will need for freshman year. Four years after that traumatic (for the parents) drop-off day, that skinny but brilliant freshman will graduate and join a six-person start-up company, where he or she will play an integral part in building the game-changing technology that you and your organization will use just a few years later. Some of the companies and technologies that will be in the must-have category are pulling in venture capital investments today. This is the first in an occasional series of roundups of just a few of the noteworthy startup reporting investments. We have reviewed dozens of June press releases and posts on TechCrunch to get a sense of what already is coming down the road.


XL Innovate leads $17m financing for AI-driven Cape Analytics

#artificialintelligence

Property data analytics provider Cape Analytics has raised $17 million in new financing, led by re/insurer XL Catlin-backed insurtech venture fund XL Innovate. The fresh round of funding will be used by Cape Analytics to expand its sales and AI-centric product development teams. The company said in the future it will also look at expanding its footprint to new geographies and other applications within the insurance vertical, where significant opportunity exists to improve data quality being used by insurers to make critical decisions about their business. Cape Analytics uses computer vision and machine learning to turn current geospatial imagery into an accurate structured database of property information in the US. Insurers can access data on over 70 million buildings across the country, allowing them to instantly pull property information at the time of quote, choose better risks, and price policies more accurately.


Recall Studios to Acquire Artificial Intelligence Firm Evolution AI Corp for $200 Million

#artificialintelligence

The Tender Offer referenced in this press release has not yet commenced. This communication is for information purposes only and is not an offer nor a solicitation of an offer to purchase, sell or exchange securities or a solicitation of a proxy from any stockholder. Subject to future developments, additional documents regarding the proposed transaction, such as a Schedule TO and a registration statement on Form S-4, may be filed with the SEC, which investors should read carefully if and when they become available because they contain important information. Investors may obtain a free copy of the documents filed by Recall Studios, when they are available, from the SEC's website at www.sec.gov. Recall Studios, its directors and certain of its executive officers may be deemed to be participants in a solicitation of proxies for the proposed transaction.


DirectView Holdings, Inc. (OTC Pink: DIRV) Incorporating Artificial Intelligence Video Surveillance Systems - EmergingGrowth.com

#artificialintelligence

DirectView Holdings, Inc (DIRV) provides video surveillance solutions and teleconferencing products and services to businesses and organizations announced today that they are incorporating artificial intelligence into their video surveillance systems. This announcement comes a little over a week after they participated in the LD Micro Invitational. The show was just the start of 5 shareholder events that investors can anticipate in this summer. The remaining 4 events could include additional catalysts that such as more contracts/deals, positive quarterly financials, a website re-launch, and the up listing to the OTCQB. DirectView was one of 230 companies in the small-cap / micro-cap space which were allotted a 30-minute business presentation.