Follow the Money March 2021: 15 funded Machine Learning companies

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Pye follow the Money March 2021 Machine Learning Funded Companies

March 2021 latest funding of artificial intelligence, machine learning, robotics, and innovation companies. 

$140M for Voice AI

India’s Voice AI startup Uniphore raises $140 million in Series D Funding led by Sorenson Capital, bringing the total funds invested in the company to $210 million. This latest round includes Serena Capital and Sanabil Investments — new investors from Europe and the Middle East — in addition to strategic investor Cisco Investments. The funding will be used to extend Uniphore’s technology and market leadership in AI, Automation and Machine learning across the enterprise. This will also include a focus on video-based AI applications stemming from Uniphore’s acquisition of Emotion Research Labs earlier this year as well as applications in Trust, Security and RPA markets. Press Release

$125M Series C for AI Based Pathology 

Paige, a global leader in AI-based diagnostic software in pathology, today announced that KKR, a leading global investment firm, joined Casdin Capital and Johnson & Johnson Innovation – JJDC, Inc. (JJDC) as co-leads in its Series C financing round, bringing the round to over $125 million. Paige will use this new capital to expand its geographic footprint as it accelerates the development of AI-based clinical applications, biomarkers and diagnostics. Press Release

$96M Series B for DevOps 

Copado has closed $96 million in Series B funding, bringing the total funds invested in the company to $117 million. The financing was co-led by Insight Partners and Salesforce Ventures, with additional investment from Lead Edge Capital, ISAI Cap Venture (Capgemini and ISAI joint fund), and Perpetual Investors. Copado will use the new funding to expand its leading enterprise DevOps platform and fuel international growth. Copado enables large digital teams to move fast, at scale, with the quality and governance required to safely connect and master a multi-cloud network. Press Release

$50M to Improve Conversations with AI

Cresta, these Stanford AI Lab Dropouts raised $50 million in Series B funding led by Sequoia, with participation from Andreessen Horowitz, Greylock Partners, Allen & Company and Porsche Ventures. The raise brings the company’s total funding to nearly $76 million as Cresta says it’s revenue quadrupled during the pandemic. Forbes Article

$22M Series A funding for AI Genetics

1910 Genetics, a biotechnology company integrating artificial intelligence (AI), computation and biological automation to improve drug development, closing $22M Series A funding round co-led by M12 – Microsoft’s Venture Fund and Playground Global. The company’s core mission is to decrease the timeline and cost of drug development, while improving the success rate of getting medicines to patients. This new round of financing follows 1910 Genetics’ previously unannounced $4.1M Seed round, which was led by Sam Altman, CEO of OpenAI and former President of Y Combinator, with participation from FoundersX Ventures, Y Combinator, Scientia Ventures, Emles Advisors, Tuck Lye Koh of Shunwei Capital, and other notable investors. Press Release

$21M for AI that Aids Nonprofit Fundraising

Windfall, a startup developing an AI platform to help nonprofits engage donors, raised $21 million in venture capital. The company says the funds will be used to invest in product R&D, the expansion of its team, and the scaling up of Windfall’s marketing and sales operations. Windfall’s current round follows a seed round in 2019 that raised $9 million and allowed the company to continue building its consumer financial data products. Windfalls says it had a 3 times year-over-year growth rate in 2020 and that its customer base exceeds 500 organizations, including the Environmental Defense Fund, Make-A-Wish, and the University of Michigan. VentureBeat Article

$18.5M Series A for CFO AI Platform

Mosaic raises $18.5M Series A from GC to rebuild the CFO software stack and turn the startup into “strategic finance platform” to consume data from all sorts of systems in the alphabet soup of enterprise IT — ERPs, HRISs, CRMs, etc. — and then provide CFOs with strategic AI planning tools able to predict and forecast with better accuracy. Mosaic previously raised $2.5 million seed investment led by Ross Fubini of XYZ Ventures in mid-2019. The company was founded in April 2019 by Bijan Moallemi, Brian Campbell and Joe Garafalo, who worked together at Palantir in the company’s finance team for more than 15 years. TechCrunch Article

$17M Series A for AI-Powered Graphene-Brain Interface

INBRAIN Neuroelectronics S.L., a Barcelona (Spain) company in the intersection between Medtech, Deeptech and Digital Health dedicated to developing the world’s first intelligent graphene-brain interface, announced $16.8 million in Series A funding for its disruptive system for treating epilepsy and Parkinson’s disease. The investment, co-led by Asabys Partners and Alta Life Sciences, and joined by Vsquared Ventures and TruVenturo GmbH, includes the participation of the Spanish Ministry of Science’s CDTI and a follow-on investment by the Institut Català de Finances’ ICF Venture Tech II fund. Press Release

$15.5M Series A for Surgical Intelligence Platform

Theator, the Surgical Intelligence platform leveraging AI and computer vision to improve surgeon performance, has raised $15.5M in an oversubscribed Series A round led by Insight Partners, joined by new investor Blumberg Capital, and supported by all existing investors including NFX, StageOne Ventures, KdT Ventures, and iAngels. Several notable individual investors, including 23andMe’s Co-founder and CEO Anne Wojcicki, former Netflix Chief Product Officer Neil Hunt, and Zebra Medical Vision’s Co-founder Eyal Gura, also participated in the round. Theator’s AI-powered platform is based on smart annotation and cutting edge video analytics technology, which extracts and annotates key moments from surgical procedures, enabling surgeons to review operations and glean detailed insights within minutes. By identifying the most pivotal surgical steps, events, milestones, and ultimately decisions, Theator’s technology streamlines the pre-operative preparation and post-operative review and assessment process, significantly increasing surgeons’ performance, efficiency, and productivity. The round will be used by Theator to scale its commercial operations and partnerships with U.S. providers, grow its R&D team and cement its status as a world-leading provider of AI-powered Surgical Intelligence solutions. Press Release

$15M Series B for Medical Data Management, Collaboration Platform

Flywheel has secured $15 million in Series B funding co-led by Beringea, a transatlantic venture capital investor and 8VC, which is focused on building technology platforms that create long-term economic and societal value. Other investors include Novartis dRx Capital, Hewlett Packard Enterprise (HPE), Great North Labs, iSelect and Argonautic Ventures, which has deep knowledge and experience in the life sciences market. With Flywheel’s cloud-based data management solution, organizations can streamline and scale their research and machine learning workflows. This funding will allow Flywheel to deepen its presence in the life sciences and AI markets and accelerate product development to power the digital transformation strategies of life sciences, clinical, and academic institutions globally. Press Release

$13.5M Series B for India AI-based medical Records Platform

The funding was led by Lightspeed and joined by existing investors JSW Ventures, Kalaari and Chiratae.  HealthPlix Technologies Pvt Ltd, runs an artificial intelligence-based medical records platform raised $13.5 million (around Rs 99 crore) as part of its ongoing Series B round. The Bengaluru-based startup was established in 2016 that allows doctors to interact with patients, hospitals, diagnostic laboratories, pharmaceutical/ equipment manufacturers and insurers.  In June last year, HealthPlix said it raised $6 million (Rs 45 crore) in its Series B round led by new investor JSW Ventures. Press Release

$8M for Data Recruiting

The startup Datapeople announces $8M in raised capital to make recruiting more equitable, across two funding events, including a $5 million round in mid-2020. Its initial product, called “Language Analytics,” scans job postings, offering suggested edits to customers to help them attract a more diverse group of applicants. Coming shortly, Datapeople is rolling out what it calls “Recruiting Analytics,” a service that provides a high-level view of a company’s aggregate recruiting efforts. TechCrunch Article

$6.1M Seed Funding for Robot Operating System

Ambi Robotics, formerly Ambidextrous Laboratories Inc., emerges from stealth o introduce AmbiOS, an advanced robot operating system based on simulation-to-reality artificial intelligence (AI). The technology powers the company’s two flagship products, AmbiSort and AmbiKit. The $6.1 million seed funding, led by Bow Capital, Vertex Ventures and The House Fund, supports efforts to deploy more AI-powered robotic systems across Ambi Robotics’ U.S. customer base as e-commerce and shipping demand continues to surge. Press Release

$5.3M for AI-Organized Genomic Information

Genomenon announced that it has completed a $5.3M financing round in the company. The financing will enable the company to expand its commercial operations, which serve genetic testing labs, hospitals, pharmaceutical and biopharma companies. Genomenon leverages AI (Artificial Intelligence) to organize the world’s genomic knowledge and put it at the fingertips of doctors and clinicians to diagnose patients suffering from rare & genetic disease and cancer, and researchers to help create precision medicine targeted at molecular drivers of disease. Genomenon’s Mastermind Genomic Search Engine is used by over 1,000 genetic testing labs and hospitals worldwide to provide clinical insight into the scientific literature on genomic data. New investors in this round of financing included BroadOak Capital Partners, Green Park & Golf Ventures, Red Cedar Ventures and Michigan Rise with continued support from existing investors Invest Detroit Ventures, IrishAngels, Michigan Angel Fund, Invest Michigan and Atain Specialty Insurance Company. Press Release

$2M to Advance AI Antibody Drug Discovery Platform

Antiverse, a biotechnology company developing a computational antibody drug discovery platform, has achieved seed funding of £1.4 million (US$2 million) total, which will be used to further develop Antiverse’s artificial intelligence (AI) antibody drug discovery platform. The AI-based technology is able to rapidly and accurately predict antibody–antigen binding to identify antibody drug candidates. The seed funding consists of new investment and match funding from the UKI2S Innovate Accelerator. Press Release

$1M Research Grant on Fairness and Bias in Artificial Intelligence Hiring

Researchers from American University’s Kogod School of Business were awarded a nearly $1 million research grant for their project to address structural bias in artificial intelligence (AI) hiring systems titled, “Using Machine Learning to Address Structural Bias in Personnel Selection.” The grant is part of the National Science Foundation (NSF)’s Program on Fairness in Artificial Intelligence (FAI) in Collaboration with Amazon. The three-year project will integrate statistical machine learning methods with theories based on legal, social, behavioral, and economic sciences in hiring practices. The goal of the project is to establish machine learning as an important pillar for the design of personnel selection systems in human resource management. Press Release

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