U.S. Fintech Stampli secures $50 million through Series C investment

Stampli, an U.S.-based fintech that is focused on AI-driven AP automation, announced on Wednesday it raised $50 million through its Series C funding round, which was led by Insight Partners with participation from SignalFire and Nextworld Capital. The latest investment round brings Stampli’s total funding to more than $87 million.

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Elderly caretech platform Birdie gets $11.5M Series A led by Index


SaaS-maker Birdie has closed an $11.5 million Series A round of funding led by Index Ventures. Existing investor Kamet Ventures also participated. The UK-based caretech startup has raised a total of $22.9M since being founded back in 2017 (a 2018 raise that was called a Series A at the time is now being classed as a seed expansion). It’s focused on building tools for social care providers to drive efficiencies in a chronically under resourced sector.

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SightCall raises $42M for its AR-based visual assistance platform


Today, a startup called SightCall, which has built an augmented reality platform to help field service teams, the companies they work for, and their customers carry out technical and mechanical maintenance or repairs more effectively, is announcing $42 million in funding, money that it plans to use to invest in its tech stack with more artificial intelligence tools and expanding its client base.

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Edge AI chipset developer Sima.ai raises $80M [Video]

Sima AI

Sima.ai, a company developing embedded edge hardware for machine learning applications, today announced that it raised $80 million in a series B round led by Fidelity Management & Research Company. The startup says that the funds will be used to commercialize its first-generation system-on-a-chip product, as well as to jumpstart development of its second-generation product’s architecture and supports Sima.ai’s go-to-market, customer success, and hiring initiatives globally.

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Mythic raises $70M to disrupt AI chips with analog and flash components


Mythic has raised $70 million to fund the analog-based AI processors it plans to launch later this year. Mythic has spent nine years coming up with a patented, potentially disruptive way to compete with other makers of artificial intelligence chips. The company emphasizes energy efficiency and lower cost with its design that focuses on analog technology integrated with dense flash memory,

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Redwood Software raises $379M for enterprise process automation

Redwood workbench

Redwood Software, a provider of cloud-based business and IT process automation solutions, today announced a €315 million (~$379.97 million) strategic investment from growth equity firm Turn River Capital. Redwood says the funds — which represent its first external financing — will be put toward accelerating product development as it looks to grow its customer base.AI Funding

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Cycode raises $20M to secure DevOps pipelines


Israeli security startup Cycode, which specializes in helping enterprises secure their DevOps pipelines and prevent code tampering, today announced that it has raised a $20 million Series A funding round led by Insight Partners. Seed investor YL Ventures also participated in this round, which brings the total funding in the company to $24.6 million.

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Torch.AI Lands $27M in State Tax incentives to invest in Growing its Kansas City headquarters

Torch AI logo

Torch.AI is bringing in $27 million in state tax incentives from Kansas to expand its operations in a suburb of Kansas City. The fresh cash influx comes less than two months after the company secured $30 million in new Series A funding that is also aimed at growing its business.

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Europe’s Technology Industry saw a rise of 26.76% in Artificial Intelligence deal activity in Q1 2021

EU brain

Led by $1.6bn acquisition of Yandex, Europe’s technology industry saw a rise of 26.76% in artificial intelligence deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database. A total of 212 artificial intelligence deals worth $5.05bn were announced for the region during Q1 2021, against the last four-quarter average of 167.25 deals.

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SoftBank leads $15M round for China’s industrial robot maker Youibot


SoftBank has picked its bet in China’s flourishing industrial robotics space. Youibot, a four-year-old startup that makes autonomous mobile robots for a range of scenarios, said it has notched close to 100 million yuan ($15.47 million) in its latest funding round led by SoftBank Ventures Asia, the Seoul-based early-stage arm of the global investment behemoth.

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Sitecore set to acquire Moosend as part of ongoing 12B growth plan

Sitecore + Moosend

Yesterday, Sitecore announced the acquisition of Moosend, a marketing automation and campaign management platform. The acquisition, which is part of Sitecore’s ongoing $1.2 billion growth plan, is expected to close by the end of May 2021 and will accelerate the delivery of it’s integrated, SaaS-based digital experience platform. Moosend complements Sitecore’s offering to create a personalization for modern enterprises.

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Lightmatter’s photonic AI ambitions light up an $80M B round


AI is fundamental to many products and services today, but its hunger for data and computing cycles is bottomless. Lightmatter plans to leapfrog Moore’s law with its ultra-fast photonic chips specialized for AI work, and with a new $80M round the company is poised to take its light-powered computing to market.

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Figure raises $7.5M to help startup employees better understand their compensation

Figure platform

Figure, announced it has raised $7.5 million in seed funding led by CRV. Bling Capital, Better Tomorrow Ventures and Garage Capital also participated in the financing, along with angel investors such as AngelList co-founder Naval Ravikant, Jason Calacanis, Reddit CEO Steve Huffman and other executives based in Silicon Valley.

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Personalized nutrition startup Zoe closes out Series B at $53M total raise

Zoe Nutrition

Personalized nutrition startup Zoe — named not for a person but after the Greek word for ‘life’ — has topped up its Series B round with $20M, bringing the total raised to $53M.

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