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Cisco invests in Israeli SaaS AI co Gong.io - Globes English
No financial details were disclosed. Gong.io closed its $20 million Series A financing round last July led by Norwest Venture Partners and CheckPoint cofounder Shlomo Kramer and with the participation of Wing Venture Capital and NextWorld Capital. With offices in Herzliya and San Mateo, the company's platform pioneers new category of AI and Machine Learning to improve sales performance. Gong.io leverages artificial intelligence (AI) and machine learning to change the way salespeople conduct calls. Bendov said, "We're thrilled to have Cisco Investments join Gong as an investor. Cisco Investments' involvement will help fuel our continued growth and expedite our penetration into the collaboration and communication markets. We can't wait to utilize immediate opportunities this investment creates and we're confident even more exciting future opportunities lie ahead of us."
TV to smartphone audio co Tunity raises $12m - Globes English
Israeli TV to smartphone audio company Tunity has announced a $12 million Series A financing round from existing investors including former Morgan Stanley CEO John Mack and WeWork founder and CEO Adam Neumann, as well as new investors, including MGM Resorts International. Headquartered in New York and with its development center in Tel Aviv, Tunity has developed deep learning and computer vision based technology to produce an app that allows users to stream and hear live audio from muted televisions directly on their smartphones. Tunity will use the funding to complete the development of its data product, which is already attracting significant interest from television networks and advertisers, as well as to enhance its patented cloud-based Deep Learning and Computer Vision technology. Since its launch, the Tunity app has been downloaded more than 1.5 million times, further proving the company's value proposition to consumers through organic adoption and continued usage. After a user scans a nearby television screen, the Tunity app identifies the live video stream and its exact timing, syncing the audio with the user's mobile device.
"Scientists are still suspicious of AI" - Globes English
In March 2016, Google's Alphago artificial intelligence (AI) program stunned the world by beating the human world champion Go player in front of 200 million spectators. This was living proof of the potential in AI technology and the level of maturity reached by neural network and deep learning technologies. Those astounded by the success included quite a few engineers and managers who have been leading the AI revolution in the world in recent years. One of these was Intel VP Naveen Rao, general manager of the company's Artificial Intelligence Products Group, which was founded last year. "When I studied at college in the 1990s, we regarded artificial intelligence as'creative work'," Rao relates.
Selecting investments using artificial intelligence - Globes English
Most fintech companies offer better interfaces for handling money (bank accounts, loans, payments, etc.), but quite a few startups are also offering a solution for a much older need than how to make money. Israel company I Know First, managed by CEO Yaron Golgher, is one of these. The company's main product is an algorithm that provides a forecast for three thousand different investment instruments, including shares, commodities, interest rates, foreign currency, exchange traded funds (ETFs), and global indices. "The algorithm rates all the investment instruments, and singles out investment opportunities in the capital market on a daily basis, according to the pricing anomaly it finds," Golgher says in a "Globes" interview. "Globes": What information do you use?
Selecting investments using artificial intelligence - Globes English
Most fintech companies offer better interfaces for handling money (bank accounts, loans, payments, etc.), but quite a few startups are also offering a solution for a much older need than how to make money. Israel company I Know First, managed by CEO Yaron Golgher, is one of these. The company's main product is an algorithm that provides a forecast for three thousand different investment instruments, including shares, commodities, interest rates, foreign currency, exchange traded funds (ETFs), and global indices. "The algorithm rates all the investment instruments, and singles out investment opportunities in the capital market on a daily basis, according to the pricing anomaly it finds," Golgher says in a "Globes" interview. Golgher: "The algorithm is self-learning. It is based on purely quantitative values, not reading news or any kind of analysis. There is no human factor here. The algorithm uses artificial intelligence, an area in which huge companies like Apple Computers, Google, and Facebook have recently been making massive investments. The algorithm was developed by our development team, headed by cofounder and CTO Dr. Lipa Roitman. Roitman is a scientist from the Weizmann Institute of Science with over 20 years of experience in the specific field of artificial intelligence, machine learning, and algorithms. The forecast is given for a period of time. What is interesting is that for every forecast, the algorithm also assigns a probability that the forecast will be fulfilled. Every customer can receive a forecast according to his investment preferences. For example, a person investing in technology shares can receive the best opportunities in this segment, a customer investing in commodities will receive the best opportunities in the commodities market, etc." "We have expanded this year to 12 new countries, including the US and Europe, with an emphasis on Italy and France, and Russia, too. We work with Latin America, especially Brazil. The business model is based on access to the algorithm to a varying extent, according to the customer's size."
Machine learning co Dynamic Yield raises $22m - Globes English
Israeli machine learning startup Dynamic Yield has raised $22 million in Series C financing round led by Vertex and ClalTech, with participation from Baidu and Global Founders Capital. Existing investors Bessemer Venture Partners, Marker LLP and Innovation Endeavors also participated. The funds will be used to fuel further global growth of Dynamic Yield's personalization technology across the world. Dynamic Yield's advanced machine learning engine builds actionable customer segments in real time, enabling marketers to increase revenue via personalization, recommendations, automatic optimization & 1:1 messaging. Dynamic Yield, founded in 2012 by CEO Liad Agmon and CTO Omri Mendellevich has offices in Tel Aviv, New York and Berlin.
Artificial intelligence co Voyager Labs raises $100m - Globes English
Israeli artificial intelligence startup Voyager Labs has emerged from stealth mode with customers, use cases, and $100 million in funding. Voyager Labs has raised the funds from prominent investors including Sir Ronald Cohen, Lloyd Dorfman, OCAPAC Holding Company, and Horizons Ventures to help finance the company's next generation solutions for the financial and e-commerce markets. The company has 90 employees at its R&D center in Hod Hasharon and offices in New York, Washington and London. Founded in 2012, Voyager Labs has developed an artificial intelligence engine that combines expert systems with deep-learning algorithms and is capable of extracting dynamic, real-time, and tailored insights into human behavior by analyzing massive amounts of publicly available unstructured data. Voyager Labs was founded by CEO Avi Korenblum, who served in the Israeli intelligence community for 20 years.
Israeli AI startup Chorus.ai raises 6.3m - Globes English
Israeli Artificial Intelligence (AI) startup Chorus.ai The company, which adds AI to sales conversations and learns what works to close more deals, is also launching its flagship platform out of stealth mode after a year in development. With offices in Tel Aviv and San Francisco, Chorus' software combines artificial intelligence (AI), data analytics, and natural language processing (NLP) to unite sales conversations into a single dashboard, helping companies learn what works, and multiply successes across their sales teams. Chorus describes itself as the Waze for sales conversations. Boosted with Natural Language Processing and AI, it helps sales teams learn what to say and what to avoid to route them more quickly to a closed deal.
Israeli Artificial intelligence co Revuze raises 4m - Globes English
Israeli startup Revuze, which provides Artificial Intelligence (AI) to both brand and product management, has closed a 4 million seed-funding round led by strategic investors Nielsen, The NPD Group, and TIC Group. Revuze is also entering into business development partnerships to introduce its transformative AI-led technology to its investors' customers. Headquartered in Netanya, Revuze will use this investment, to expand US operations and open offices in San Francisco and New York City. Revuze uses AI, powered by neural networks and machine learning, to empower the brand and product management industries that previously have relied on manually intensive solutions, such as text analytics, social listening and monitoring. These current solutions, requiring months to execute, demand teams of product experts, data scientists and analysts to construct and maintain rules, dictionaries and taxonomies before interpreting the findings.