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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$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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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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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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InVia Robotics raises $30M for warehouse robotics push

InViva Robotics

InVia Robotics, an industrial robotics company based in Los Angeles, California, today announced that it raised $30 million in series C financing co-led by Microsoft’s M12 Ventures and Qualcomm, with participation from Hitachi. InVia says that the new tranche of equity funding will be used to support its growth, specifically through adopting Qualcomm’s Robotics RB5 Platform and drawing on AI expertise from Hitachi and Microsoft.

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Blameless raises $30M to guide companies through their software lifecycle

Blameless

Site reliability engineering platform Blameless announced Tuesday it raised $30 million in a Series B funding round, led by Third Point Ventures with participation from Accel, Decibel and Lightspeed Venture Partners, to bring total funding to over $50 million.

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Orum raises $25M to automate outbound sales workflows

Orum

Sales support platform Orum today announced that it closed a $25 million series A funding round led by Craft Ventures, with participation from several existing backers. The funding brings the company’s total raised to $29 million at a $125 million valuation, and cofounder and CEO Jason Dorfman says the round will be put toward general expansion, mostly focused on product, customer service, and international market expansion.

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Bluetooth-enabled tracking startup Wiliot raises $200M

Wiliot

Wiliot, a startup creating a low-cost, self-powered chip that attaches to products to sense physical and environment data, has raised $200 million. The company’s latest tranche, a series C, was led by Softbank Vision Fund 2, and brings the company’s total raised to date to $270 million.

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Robotic AI firm Covariant raises another $80 million

Robotic arm - Covariant

In May of last year, Covariant announced that it had raised a $40 million Series B. It was a healthy sum of money for the young company, bringing its total funding up to $67 million. Just a little over a year later, the Berkeley-based AI startup is adding another $80 million to its coffers, riding on a wave that dramatically accelerated interest in robotics and AI during the pandemic.

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NotCo gets its horn following $235M round to expand plant-based food products

Noco - Not milk

NotCo, a food technology company making plant-based milk and meat replacements, wrapped up another funding round this year, a $235 million Series D round that gives it a $1.5 billion valuation.

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