Longtime VC, and happy Miami resident, David Blumberg has raised a new $225 million fund

David Blumberg

Blumberg Capital, founded in 1991 by investor David Blumberg, has just closed its fifth early-stage venture fund with $225 million, a vehicle that Blumberg says was oversubscribed — he planned to raise $200 million — and that has already been used to invest in 16 startups around the world (the firm has small offices in San Francisco, New York, Tel Aviv, and Miami, where Blumberg moved his family last year).

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Bidgely raises $26 million in funding led by Moore Strategic Ventures

Bidgely

Bidgely, a SaaS (Software-as-a-service) startup based in California and Bengaluru, announced the completion of a $26 million round of strategic funding to strengthen its UtilityAI platform, which is used all over the world. Moore Strategic Ventures backed the round, which was accompanied by Accurant International, another investment venture led by Bahman Hoveida, the co-founder and former CEO of Open Systems International.

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Lendio acquires Laso’s AI enhanced Loan Origination Solution to provide underwriting services for Lending Platforms

Lendio, the leading SME financial solutions marketplace, reveals that it has made an asset purchase of Laso’s Loan Origination Software (LOS) and insights technology, which should help further its goal of supporting SMBs.

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AI is expected to reach US$360.36 billion in revenue by 2028

AI infographic

As the field of artificial intelligence is progressing with spontaneous growth, Analytics Insight estimates artificial intelligence to reach US$ 360.36 billion in revenue by the year 2028, with a CAGR of 40.2% from 2021. The AI market is inclusive of a wide array of applications such as natural language processing, robotic process automation, and machine learning.

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Unleash live raises $8M in Series A to scale AI apps for enterprise analytics

Unleash

Unleash live is one of the world’s leading AI video analytics platforms. Now, it announced that it closed an $8 million (nearly £5.8 million) in a Series A funding round led by SafetyCulture. Notably, SafetyCulture is a global operations platform empowering teams to drive workplace improvements and one of the fastest-growing technology companies in Australia. In 2020, it acquired microlearning business EdApp.

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