Rezilion raises $30M help security operations teams with tools to automate their busywork

Rezilion

Guggenheim Investments is leading the round with JVP and Kindred Capital also contributing. Rezilion said that unnamed executives from Google, Microsoft, CrowdStrike, IBM, Cisco, PayPal, JP Morgan Chase, Nasdaq, eBay, Symantec, RedHat, RSA and Tenable are also in the round. Previously, the company had raised $8 million.

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Follow the Money August 2021: 67 funded Machine Learning companies

Follow the money - August-1

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

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Olsam raises $165M to buy up and scale consumer and B2B Amazon Marketplace sellers

Oslam

On the heels of Heroes announcing a $200 million raise earlier today, to double down on buying and scaling third-party Amazon Marketplace sellers, another startup out of London aiming to do the same is announcing some significant funding of its own. Olsam, a roll-up play that is buying up both consumer and B2B merchants selling on Amazon by way of Amazon’s FBA fulfillment program, has closed $165 million — a combination of equity and debt that it will be using to fuel its M&A strategy, as well as continue building out its tech platform and to hire more talent.

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UK-based Heroes raises $200M to buy up more Amazon merchants for its roll-up play

Heros

Heroes, one of the new wave of startups aiming to build big e-commerce businesses by buying up smaller third-party merchants on Amazon’s Marketplace, has raised another big round of funding to double down on that strategy. The London startup has picked up $200 million, money that it will mainly be using to snap up more merchants.

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[Podcast] Trends for Voice Assistants use in the car 2021

Voice assistants are used across many devices and in many different contexts. The car is what we characterize as among the big 3 along with smart speakers and smartphones. These are the surfaces that have the largest voice assistant user bases both overall and in terms of active users.

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xentral, an ERP platform for SMBs, raises $75M Series B from Tiger Global and Meritech

Xentral

Enterprise Resource Planning systems have traditionally been the preserve of larger companies, but in recent years the amount of data small medium sized businesses can generate has increased to the point where even SMEs/SMBs can get into the world of ERP. And that’s especially true for online-only businesses.

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Big Tech salaries revealed: How much engineers, developers, and product managers make at companies including Amazon, Google, Apple, Microsoft, Intel, Uber, IBM, and Salesforce

Workforce

In early July, the tech-industry association CompTIA reported that the sector experienced job growth in 10 out of the previous 12 months — a standout performance given the lockdowns last year. Tech firms added more than 80,000 workers in the US through the first half of 2021, it added.

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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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Pentagon scraps $10B JEDI project with Microsoft, calls deal outdated

Pentagon

The U.S. Department of Defense (DoD) has canceled its nearly two-year-old $10 billion JEDI cloud computing project with Microsoft, saying on Tuesday that “the landscape has evolved” and vowing to pursue a different cloud deal with Microsoft, Amazon, and possibly more cloud service providers.

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Amazon introduces new robots to help improve worker safety in warehouses

Amazon warehouse

Amazon craves automation and who better to do it than robots. The e-commerce giant is once again betting that robots can help workers in their workplace environment while ensuring improved safety in its warehouses.
Amazon has recently introduced new robots that can improve worker safety at warehouses and help reduce pressure and strain on work employees. According to recent reports by Engadget, the company has introduced three new robots, namely- ‘Bert’, ‘Scooter’ and ‘Kermit’.

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Google hires former SiriusXM CPO/ CTO to lead its Maps team

Google hires Christopher Phillips

Almost exactly a year ago, Google announced a couple of leadership changes that saw Prabhakar Raghavan, who joined the company back in 2012, take over the lead of Search, Assistant and Maps. Now, sources familiar with the hiring tell us, the company has hired Christopher Phillips, who was previously the chief product and technology officer at SiriusXM, to lead its geo team.

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Goldman Sachs leads $202M investment in project44, doubling its valuation to $1.2B in a matter of months

Goldman Sachs - Project44

Project44 announced it has raised $202 million in a Series E funding round led by Goldman Sachs Asset Management and Emergence Capital. Girteka and Lineage Logistics also participated in the financing, which gives project44 a post-money valuation of $1.2 billion. That doubles the company’s valuation at the time of its Insight Partners-led $100 million Series D in December, and brings its total raised since inception to $442.5 million.

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Amazon launches Lookout for Metrics, an AWS service to monitor business performance

AWS

Amazon today announced the general availability of Lookout for Metrics, a fully managed service that uses machine learning to monitor key factors impacting the health of enterprises. Launched at re: Invent 2020 last December in preview, Lookout for Metrics can now be accessed by most Amazon Web Services (AWS) customers via the AWS console and through supporting partners.

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Amazon launches computer vision service to detect defects in manufactured products

Amazon

Amazon announced the general availability of Amazon Lookout for Vision, a cloud service that analyzes images using computer vision and AI to spot product or process defects and anomalies in manufactured products. Amazon says Lookout for Vision, which is available in select Amazon Web Services (AWS) regions via the AWS console and suppo

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What Andy Jassy’s ascension to CEO means for Amazon’s AI initiatives

This week, Jeff Bezos announced that he’ll step down as CEO at Amazon and transition to an executive chair role during the third quarter of this year. Amazon Web Services (AWS) CEO Andy Jassy will take his place, heading up a company currently valued at around $1.6 trillion. Jassy, who joined Amazon in 1997 and has led AWS since its inception in 2003, believes Amazon’s decision to double down on AI early differentiated it from the competition.

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