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Tempo AI secures $10M to advance its productivity artificial-intelligence tech

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Tempo AI, a startup focused on increasing productivity through your calendar, has raised a new $10 million Series A round of funding, the company announced today. Tempo AI's main product is the Tempo Smart Calendar iOS app, which aims to help people organize their calendar of events, appointments, and the like using an artificial-intelligence technology. If you're part of a company full of people with different schedules that get shared with others, you know how crazy your calendar can appear at any give time. Tempo AI's tech wants to sift through all that data -- including how you interact with it -- to anticipate where you need to be and what tasks take priority over others. The startup said it plans to use the new capital to advance its artificial-intelligence technology for the Smart Calendar app and possibly other services as well.


M&A Activity In Artificial Intelligence Up 7x Since 2011

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As we've mentioned, corporate giants in tech are competing to acquire private artificial intelligence startups, with Google emerging as the most active acquirer over the last 5 years. So far in 2016, there have already been over 20 acquisitions of AI startups, the most recent being Twitter's acquisition of visual-processing startup Magic Pony Technology. We analyzed M&A and IPO activity in this space from 2011. Our artificial intelligence category includes companies developing core AI algorithms as well as those applying AI solutions to specific industries like healthcare and cybersecurity. We used our database to analyze at what stage the AI companies exited.