Northern robotics consortium gets £22.6M investment from Government’s £127M Strength in Places Fund

Human and machine handshake

A consortium based in West Yorkshire and Greater Manchester has been granted £22.6 million from the £127 million Strength in Places Fund of the Government. Notably, this consortium is one of the five projects that will be backed by the research and development fund. Each of these projects have been selected based on the livelihood of societal benefits and ability to accelerate regional economic growth.  

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Elon Musk’s brain computer startup Neuralink scores $205M funding

Brain computer

Recently, Neuralink has raised a Series C round from Google Ventures and others, while its competitor Synchron is making in-human trials in the US. The round raised was around $205m and was led by Dubai-based investment firm Vy Capital with participation from Google Ventures, DFJ Growth, Valor Equity Partners, Craft Ventures, Founders Fund, and Gigafund.

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Coralogix raises $55 Million in series-C funding led by Greenfield Partners

Coralogix

Israel-based leading provider of machine learning powered log analytics and monitoring solutions, Coralogix announced it has raised $55 million in a Series C funding round led by Greenfield Partners, bringing the company’s total amount raised to $96 million. The company aims to pursue its strategic 5-year growth plan for the India market, whilst assisting companies with regional server support, data storage capabilities and compliance with the country’s data privacy laws.

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ConverseNow is targeting restaurant drive-thrus with new $15M round

Converse Now

One year after voice-based AI technology company ConverseNow raised a $3.3 million seed round, the company is back with a cash infusion of $15 million in Series A funding in a round led by Craft Ventures. The Austin-based company’s AI voice ordering assistants George and Becky work inside quick-serve restaurants to take orders via phone, chat, drive-thru and self-service kiosks, freeing up staff to concentrate on food preparation and customer service.

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“Above the Trend Line” – Your Industry Rumor Central for 7/29/2021

Above the Trend Line

News items grouped by category such as M&A activity, people movements, funding news, industry partnerships, customer wins, rumors and general scuttlebutt floating around the big data, data science and machine learning industries including behind-the-scenes anecdotes and curious buzz.

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Can we replace Teachers with Artificial Intelligence

AI vs teachers

There has been a major increase in technological advancements over the past few years. We have lots of ways to learn things online like we have made virtual reality classrooms, online courses and youtube videos. Artificial intelligence is also getting smarter and in the future they could become smarter than humans they could replace our teachers in school.

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$6M Series A funding for blockchain startup that helps businesses improve their sustainability

Diginex

We all know how big of an impact, companies can have on the world around us. ESG (Environmental, Social and Governance) reporting is a great way to assess this impact and traditionally, a few large organisations with budgets and resources to spare were the ones publishing these reports. However, the pressure to publish ESG reports is mounting on companies of all sizes and it can be difficult for smaller companies. This is where the UK-registered startup Diginex comes in, which aims to make ESG reporting more accessible and mainstream. 

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Europe’s shot for Artificial General Intelligence  — Why we invested in Aleph Alpha

Aleph Alpha

We are excited to have co-led the € 23 million Series A financing round of Heidelberg-based Aleph Alpha together with our friends at Lakestar, UVC and existing investors LEA Partners, 468 Capital and Cavalry Ventures. The exceptional team around AI-serial-entrepreneur Jonas Andrulis and co-founder Samuel Weinbach research, develop and operationalise a new generation of huge and powerful AI like GPT-3, DALL-E or MuZero to maintain European sovereignty for Artificial General Intelligence (AGI).

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Watch this video of Cassie, a bipedal robot that ran a 5K outdoors for the first time, finishing in 53 minutes on a single charge

Cassie 5k robot

A robot in Oregon isn’t trying to run the world — it just wants to run a 5K. The bipedal bot, named Cassie, did just that. The robot completed the 5K in just over 53 minutes on a single battery charge, according to a press release from Oregon State University, where it was invented. Its time is roughly comparable to the half-hour many people take to finish a 5K.

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AI Edge Chip vendor Blaize Gets $71M in Series D funding to expand its Edge, automotive products

Blaze

Seven months ago, AI edge chip vendor, Blaize, launched a new no-code AI software application to make it easier for customers to build applications for its AI chip-equipped PCIe cards, modules and devices. Now, the company has announced the receipt of an additional $71 million in Series D funding from investors including Franklin Templeton, Temasek and DENSO to continue its product development, engineering and sales efforts.

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Gupshup nabs $240M to power messaging channels

Gupshup

Conversational messaging platform Gupshup today announced that it raised $240 million led by Tiger Global Management, with participation from Fidelity Management, Think Investments, Malabar Investments, Harbor Spring Capital, and others. The tranche, which values the company at $1.64 billion, will be used to build new tools, infrastructure, and services while expanding Gupshup’s global reach, CEO Beerud Sheth said.

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Noetic Cyber raises $20M to automate cybersecurity remediation

Noetic Cyber

Noetic Cyber, a startup creating a platform that leverages automation to identify cyber threats, today emerged from stealth with $20 million, including $15 million in series A funding from Energy Impact Partners, TenEleven Ventures, and Glasswing Ventures. Cofounder and CEO Paul Ayers says that the funds will be used to scale up Noetic’s operations and go-to-market capabilities, allowing the team to grow particularly on the sales and marketing side.

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Dixa nabs $105M to unify customer service channels

Dixa

Dixa, a startup developing conversational customer engagement software, today announced that it raised $105 million in a series C funding round led by General Atlantic, with participation from Notion Capital and Project A. CEO Mads Fosselius says that the proceeds will be put toward product development, new acquisitions following Dixa’s purchase of Melbourne-based Elevio in January, and quadrupling Dixa’s engineering team by the end of 2022.

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Former Iora Health execs raise $13M to guide seniors through Medicare enrollment

Iora Health

The company’s three co-founders, Oded Eran, CEO, David Luna, chief revenue officer, and Michael Scopa, chief growth officer, saw this problem firsthand as executives at primary care company Iora Health, which is being acquired by OneMedical for $2.1 billion.

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Blossom Capital lures Alex Lim from Silicon Valley to join the European tech boom

Alex Lim

Alex Lim, a British-born VC based in the Bay Area who invested in Hopin, UiPath, Discord, and many other unicorns has decided to up sticks and leave Sand Hill Road behind for Blossom Capital in London. Blossom is fast making a name for itself both in Europe and internationally, having invested in breakout hits like Tines, Duffel, and Checkout.com.

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Top 5 uses of AI in Telecommunications

AI in telecom

Companies in the telecommunications (telecom) industry are benefiting greatly from artificial intelligence (Ai) and the practical use of Ai through machine learning. For example, Gartner research indicates that product leaders must understand the realistic adoption and potential impact of strong Ai technologies across the telecom industry. What are some of the best ways Ai can help the telecom industry? Let’s take a look at the top 5 uses and how they can help your company succeed.

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DataRobot’s Busy Day: Nabs $300M in Series G Funding and acquires Algorithmia

DataRobot

In a move to solidify its position in the emerging market for enterprise AI platforms, DataRobot today announced the completion of a $300 million Series G round of funding. The Boston company also announced the acquisition of MLOps provider Algorithmia for an undisclosed sum.

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Big tech tries to derail EU AI policy with ‘warnings’ from US think tank

Vampire tech

EU policymakers recently proposed a sweeping set of regulations called the Artificial Intelligence Act (AIA). If made law, the AIA would offer European citizens the strictest, most comprehensive protections against predatory AI systems on the planet. And big tech is terrified.

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