AI-powered ecommerce recommendation engine Constructor nabs $55M

Constructor IO

Constructor, a San Francisco, California-based ecommerce personalization startup, today announced that it raised $55 million in a series A round led by Silversmith Capital Partners. The funding, which brings the company’s total raised to $61.5 million, will be put toward product development, hiring, and go-to-market efforts, according to CEO Eli Finkelshteyn.

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Pyxis One boosts platform with $17M

Pyxis One

Startup Pyxis One today announced that it raised $17 million in series B funding, bringing its total raised to date to $24 million. The company says it plans to use the funds to support the growth of its data science team, continue to advance its AI models, and further expand into the U.S. market.

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Axelera, which is developing an AI accelerator chip, raises $12M

Axelera

Axelera AI, a Dutch AI semiconductor startup, today emerged from stealth with $12 million in seed funding led by Bitfury, a security and infrastructure provider for the Bitcoin blockchain. Innovation Industries Fund participated in the round, which the company says will support developing of AI apps at the edge.

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Relyance emerges from stealth to spot risky code

Relyance AI

Relyance, a San Francisco, California-based startup developing a real-time codebase analysis platform, today emerged from stealth with $30 million raised across seed and series A rounds from Unusual Ventures and Menlo Ventures. Co-CEOs Leila R. Golchehreh and Abhi Sharma say the funding will be used to expand the company’s engineering and sales teams as well as accelerate Relyance’s go-to-market strategy.

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AI edge hardware startup Deep Vision nabs $35M

Deepvision

Deep Vision, a company developing an AI accelerator chip and software suite for edge computing workloads, today announced that it closed a $35 million series B financing round led by Tiger Global, with participation from Exfinity Venture Partners, Silicon Motion, and Western Digital. According to CEO Ravi Annavajjhala, the proceeds will be put toward product development as Deep Vision looks to ramp up manufacturing of its hardware for early customers.

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DataRobot aims to accelerate AI delivery and operationalize low-code dev

DataRobot

When the management team at DataRobot looks at the future, they see a world where AI is part of every enterprise business decision. If the computer is not operating completely autonomously, it augments the intelligence of the human, whispering advice in their ear. Today, DataRobot releases its DataRobot AI Cloud Platform to run everywhere and handle a diverse collection of roles in classification, detection, and decision making.

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Data operations platform Satori nabs $20M

Satori

Data operations platform Satori today announced that it raised $20 million in a series A round led by B Capital Group and Evolution Equity Partners, with participation from Satori’s seed investor YL Ventures. The company says it’ll use the funds, which bring its total raised to $25 million, to support product R&D and expand its go-to-market operations in the U.S.

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Best of arXiv.org for AI, Machine Learning, and Deep Learning – August 2021

In this recurring monthly feature, we filter recent research papers appearing on the arXiv.org preprint server for compelling subjects relating to AI, machine learning and deep learning – from disciplines including statistics, mathematics and computer science – and provide you with a useful “best of” list for the past month.

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Hyperautomation puts focus back on creating Business Value

Hyper automation

It has been commonplace for the IT industry to tout the mantra of automating everything for some time. The cloud has accelerated that imperative for automation more than ever before. Yet, many organizations still have no strategy for how they will use automation within the business.

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Database startup SingleStore raises $80M

SingleStore

Database startup SingleStore today announced that it raised $80 million in a series F funding tranche led by Insight Partners, bringing its total raised to over $319 million at a post-money valuation “just shy” of $1 billion. Khosla Ventures, Dell Capital, Rev IV, Glynn Capital, and Google Ventures also participated in the round, which CEO Raj Verma says will be put toward product development and improving awareness of SingleStore’s managed database service offering.

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Large language models aren’t always more complex

NLP

Language models such as OpenAI’s GPT-3, which leverage AI techniques and large amounts of data to learn skills like writing text, have received an increasing amount of attention from the enterprise in recent years. From a qualitative standpoint, the results are good — GPT-3 and models inspired by it can write emails, summarize text, and even generate code for deep learning in Python. But some experts are skeptical that the size of these models — and their training datasets — correspond to performance.

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Seqera Labs grabs $5.5M to help sequence Covid-19 variants and other complex data problems

Seqera Labs

Seqera Labs, a Barcelona-based data orchestration and workflow platform tailored to help scientists and engineers order and gain insights from cloud-based genomic data troves, as well as to tackle other life science applications that involve harnessing complex data from multiple locations, has raised $5.5 million in seed funding

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SEO optimization platform Botify lands $55M

Botify, provider of search engine optimization tools and apps, today announced that it raised $55 million, bringing its total raised to date to $82 million. CEO Adrien Menard says that the funding — a series C, led by InfraVia Growth with participation from Bpifrance, Eurazeo, and Ventech — will enable the company to grow its platform, develop its partner ecosystem, and expand its global footprint as it focuses on product R&D.

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Xerox-backed field service startup CareAR raises $10M

Care AR

Customer expectations and needs are on the rise, exacerbating the challenge for companies facing a higher volume of customer requests during the pandemic. The issue is acute in field service work, where employees have to work on equipment with varying technical specifications — often in confined, bandwidth-constrained, and hard-to-reach spaces. In a recent survey by The Service Council, over 90% of field workers said that more knowledge is required to service modern products while nearly 70% said that products are more complex today.

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Cashierless checkout company Zippin raises $30M

Zippin

The cashierless technology revolution continues apace with news today that Zippin has raised $30 million in a series B round of funding. The San Francisco-based company is one of several players in the space to gain traction for a technology that seeks not only to make supermarket queues obsolete, but also generate big data insights for retailers.

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Sales automation platform Revenue Grid nabs $20M

Revenue Grid

Revenue Grid, a sales platform that provides businesses with AI-driven deal guidance, today announced that it closed a $20 million series A financing round led by W3 Capital, with participation from ICU Ventures. CEO Vlad Voskresensky says that the funding will be predominantly used to scale Revenue Grid’s growth in the Ukraine and U.S., as well as to “drive more innovations to the platform” including AI-powered features.

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“Above the Trend Line” – Your Industry Rumor Central for 9/1/2021

Above the trendline

Critical 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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Omnichannel communications platform Trengo nabs $36M

Trengo

Trengo, a Dutch omnichannel communications platform, today announced that it raised $36 million in series A funding led by Insight Partners and Peak Capital. With the new funds, Trengo aims to attract engineering talent, grow internationally, and develop its platform further, according to CEO Patrick Meutzner.

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