Band of AI startups launch ‘rebel alliance’ for interoperability

Server stack

The AI Infrastructure Alliance wants to improve interoperability between tools and frameworks made by small to medium-size AI startups. More than 20 AI startups have banded together to create the AI Infrastructure Alliance in order to build a software and hardware stack for machine learning and adopt common standards.

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Katana Graph raises $28.5 million to handle unstructured data at scale

Katana Graph

Katana Graph developed its technology at the University of Texas, Austin and has helped DARPA and businesses with unstructured data.

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Truvian raises $105 million to commercialize its automated blood-testing platform

Truvian

San Diego, California-based Truvian, a startup developing blood-testing technology that leans heavily on automation, today announced the close of an over $105 million oversubscribed series C round led by TYH Ventures, 7wireVentures’ Glen Tullman, and Wittington Ventures. Truvian says the funds will advance development of its benchtop blood testing system and enable the company to grow its product development team.

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FundGuard raises $12 million to help manage assets with AI

Fund Guard

FundGuard, an AI-powered software-as-a-service investment management platform, today announced that it closed a $12 million funding round. The investment will spur product development to support existing partnerships, FundGuard says, in addition to helping to meet demand from alternative funds and insurers.

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Reprise raises $17 million to create and host software product demos

Blog on screen

Reprise, a software demo platform for enterprise sales and marketing teams, today announced that it has raised $17 million in series A funding led by Bain Capital Ventures. The company says that the proceeds, which follow on a $3 million seed investment, will be put toward expanding Reprise’s platform and hiring new employees.

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Sentry raises $60 million to monitor app performance in real time

Sentry Platform

Application performance monitoring startup Sentry today announced it has secured $60 million in series D financing for a post-money valuation of $1 billion. Sentry says the funds will fuel product development and go-to-market functions, as well as hiring across the company’s San Francisco, Toronto, and Vienna offices.

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Locus Robotics raises $150 million to scale its warehouse robotics platform

Locus Robotics

Locus Robotics, a Wilmington, Massachusetts-based warehouse robotics startup, today announced it has raised $150 million in series E funding at a $1 billion post-money valuation. The company says the funding will allow it to accelerate product innovation and global expansion. Locus expects that in the next four years, over a million warehouse robots will be installed and that the number of warehouses using them will grow tenfold.

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AirSlate raises $50 million more to automate enterprise workflows

Document workflow

AirSlate, a workflow automation startup, today announced it raised $50 million in debt financing from Silicon Valley Bank. The capital comes after a $40 million round in January led by Morgan Stanley and General Catalyst, and it brings the company’s total raised to $130 million. When McKinsey surveyed 1,500 executives across industries and regions in 2018…

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Edgybees raises $9.5 million for AI that augments drone camera footage

Drones

Edgybees, a provider of georegistration and augmented reality tools for drone operators, today announced that it raised $9.5 million, bringing its total raised to $15 million. The company says the proceeds will be used to drive product research, expand global adoption, and support an “aggressive” hiring strategy.

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TigerGraph raises $105 million to grow its big data analytics platform

Multi-coloured characters

TigerGraph, a Redwood City, California-based startup developing graph database tools, today announced that it’s raised $105 million in series C funding. The company says it’ll put the proceeds toward product R&D, including the forthcoming TigerGraph Cloud on Google Cloud Platform, as well as expanded multiregional support on Amazon Web Services and Azure. TigerGraph also plans to grow its reach with local support in Asia, Australia, and New Zealand as it scales up with additional hiring in the Americas, Europe, the Middle East and Africa, and Asia-Pacific.

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Peak.AI raises $21 million to drive enterprise AI adoption

Peak AI

Peak.AI, a startup developing AI solutions for enterprise customers, today announced that it closed a $21 million series B round. The funds, which bring Peak’s total raised to date to $43 million, will drive the company’s R&D and commercial expansion in the U.S. and India, according to CEO Richard Potter. The global enterprise AI market size was valued at $4.68 billion in 2018 and is projected to reach $53.06 billion by 2026, according to Allied Market Research.

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Exploring AWS SageMaker’s new features — Formation Stacks, Data Wrangler

2020 data landscape

The data tooling and infrastructure space is growing rapidly, and this trend is showing no signs of slowing down. Behemoth data storage firm Snowflake IPOed late last year and became more valuable than IBM, and Databricks recently raised a $1 billion Series G with a $28 billion post-money valuation, to name two examples. The long tail of the data tools space is becoming increasingly crowded, as evidenced by Matt Turck’s 2020 Data & AI Landscape (just look at the image below).

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Labelbox raises $40 million for its data labeling and annotation tools

Editor collage

Labelbox, a startup developing a data annotation and labeling platform, today announced that it’s raised $40 million, bringing its total raised to $79 million. The company says that the funds will be used to acquire new customers, expand its solutions, and grow its workforce around the globe.

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CYE raises $120 million for security that uses hackers and AI

Cye five men standing

The soaring number of cyberattacks in recent years has propelled a massive expansion of potential solutions as startups and incumbent security providers jostle to address the market opportunity. But Tel Aviv-based CYE believes it has developed a way to cut through that clutter with a solution that uses artificial intelligence to probe for technical weaknesses and human hackers to test a company’s overall security resilience.

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SentinelOne bolsters its big data analytics with $155 million Scalyr acquisition

SentinelOne Platform

SentinelOne, an AI-powered cybersecurity platform focused on endpoint protection, has acquired Scalyr, a log management, server monitoring, and event data analytics service founded by former Google engineers in 2011. The $155 million cash and equity deal, which precedes a much-anticipated IPO, represents SentinelOne’s first known acquisition.

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Kong raises $100 million for software that scales cloud infrastructure

As APIs and microservices become critical tools to drive innovation and automation for a wider range of companies, they are also creating new management challenges. Enterprises are attracted by their potential to create greater flexibility but must find ways to coordinate these cloud-based services. Kong, one of the new breed of companies trying to address this problem…

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Monte Carlo raises $25 million for AI that monitors data reliability

San Francisco-based data reliability startup Monte Carlo today announced that it raised $25 million, bringing the company’s total capital raised to date to over $40 million. Monte Carlo says the proceeds will allow it to foster its community of users and further develop its data and analytics products as it looks to expand the size of its workforce.
It’s estimated that the average company spends upwards of $15 million annually tackling periods of time where data is missing, broken, or otherwise inaccurate.

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The AI industry is built on geographic and social inequality, research shows

The arm of global inequality is long, rendering itself visible particularly in the development of AI and machine learning systems. In a recent paper, researchers at Cornell, the Universite de Montreal, the National Institute of Statistical Sciences (U.S.), and Princeton argue that this inequality in the AI industry involves a concentration of profits and raises the danger of ignoring the contexts to which AI is applied.

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Microsoft launches Viva, an AI-powered information hub for enterprises

Microsoft Viva

Microsoft today unveiled Microsoft Viva, an employee experience platform that aims to deliver first- and third-party products across learning, wellness, insights, knowledge, and engagement. . A Forrester survey found that between 60% and 73% of all data within corporations is never analyzed for insights or larger trends. The opportunity cost of this unused data is substantial, with a Veritas report pegging it at $3.3 trillion by 2020 if the current trend holds. That’s perhaps why the corporate sector has taken an interest in cognitive search and robotic process automation products that ingest, understand, organize, and act on digital content from multiple digital sources.

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