Blue Dot raises $32M for AI that helps companies comply with tax codes

Bluedot platform

Tax compliance platform Blue Dot (previously VatBox) today announced it has raised $32 million, bringing its total raised to over $96 million. The firm says it will put the funds toward product R&D and expanding the size of its globlal workforce.

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AI-powered Trading App benefitting DFIN as IPOs surge to record numbers 

IPO graphic

The number of initial public offerings (IPOs) is setting records month to month and is not seen slowing down anytime soon. Companies raised $167.2 billion through 454 offerings on US exchanges through Dec. 24 in 2020, compared with the previous full-year record of $107.9 billion at the height of the dot-com boom in 1999, according to Dealogic as quoted in a recent account in The Wall Street Journal. 

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Privacera raises $50M to help companies manage compliance and security risk across clouds

Compliance and security

Privacera announced it has raised $50 million in its quest to tackle the data privacy and security challenges faced by large enterprises. About 64% of respondents to a global Thales survey feel that adhering to compliance requirements is a “very” or “extremely” effective way to keep data secure. But compliance is expensive for enterprises. In a 2017 Pricewaterhouse Coopers survey of execs at…

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The AI/ ML FDA Plan

FDA TPLC Approach AI/ML Workflow

In case you are not familiar with it, the Food and Drugs Administration (FDA) is a federal agency of the Department of Health and Human Services. that is responsible for the control and supervision of food safety, drugs, vaccines, medical devices, and the likes. In recent times the FDA has been thinking about how to regulate medical devices that are driven or based on AI as a result of several recent efforts, they published their “Artificial Intelligence/Machine Learning (AI/ML)-Based Software as a Medical Device (SaMD) Action Plan” in January 2021.

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AI/ML Applications in Law and Compliance

Some industries are a clear slam-dunk for AI/ML applications and some less so. The legal, regulatory, and compliance businesses (law firms, internal legal departments, and the contract review and regulatory compliance departments of heavily regulated industries) fall in this last category. This is a review of seven companies found by TopBots to be successful; pointing to opportunities others can follow.

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