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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Ascend raises $5.5M to provide a BNPL option for commercial insurance

Ascend

Ascend on Wednesday announced a $5.5 million seed round to further its insurance payments platform that combines financing, collections and payables.

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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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AgBiome lands $166M for safer crop protection technology

AgBiome

AgBiome, developing products from microbial communities, brought in a $116 million Series D round as the company prepares to pad its pipeline with new products.

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Trade promotion management startup Cresicor raises $5.6M to keep tabs on customer spend

Cresicor

Cresicor, a consumer packaged goods trade management platform startup, raised $5.6 million in seed funding to further develop its tools for more accurate data and analytics. The company, based remotely, focuses on small to midsize CPG companies, providing them with an automated way to manage their trade promotion, a process co-founder and CEO Alexander Whatley said is done primarily manually using spreadsheets.

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AI drives data analytics surge, study finds

Data analytics

Enterprise managers have an insatiable need for better analysis of ever more data, and the pandemic has only intensified the quest. That is among the conclusions of a recent report from analyst firm 451 Research. “Trends in Data, AI and Analytics, 2021” surveyed a wide range of enterprise IT shops and found that many were increasing their investment in collecting data and generating better analysis. As a result, AI analytics is bringing new life to data analytics tooling.

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DataRobot CEO Dan Wright coming to TC Sessions: SaaS to discuss role of data in machine learning

TC sessions event

Boston-based DataRobot, a late-stage startup that has built a platform to help companies navigate the machine learning model lifecycle, has been raising money by the bushel over the last several years, including $206 million in September 2019 and another $300 million in July. DataRobot CEO Dan Wright will be joining us on a panel to discuss the role of data in business at TC Sessions: SaaS on October 27th.

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Affinity, a relationship intelligence company, raises $80M to help close deals

Affinity

Affinity wants to take what Ray Zhou, co-founder and CEO, refers to as “data exhaust,” all of those daily interactions and communications, and apply machine learning analysis and provide insights on who in the organization has the best chance of getting that initial meeting and closing the deal.

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Fin names former Twilio exec Evan Cummack as CEO, raises $20M

Fin

Work insights platform Fin raised $20 million in Series A funding and brought in Evan Cummack, a former Twilio executive, as its new chief executive officer. The San Francisco-based company captures employee workflow data from across applications and turns it into productivity insights to improve the way enterprise teams work and remain engaged.

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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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Virtual meeting platform Vowel raises $13.5M, aims to cure meeting fatigue

Vowel

Meetings are an inevitable part of the work day, but as workplaces became more distributed over the past 18 months, Vowel CEO Andy Berman says we are steadily moving toward “death by meeting.” His virtual meeting platform is the latest to receive venture capital funding — $13.5 million — with the goal of making meetings more useful before, during and after.

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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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[Report] Survey finds employee experience is driving investment in IT

Employee experience

“The State of Workplace Tech” report, which summarizes survey responses from 300 U.S. IT professionals, HR managers, and workplace experience leaders, found that two in three respondents view creating a positive employee experience (69%) and helping employees stay productive (62%) as top technology drivers. Additionally, almost half (42%) reported that they are considering existing or emerging technology to support employee engagement.

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Meet the women making waves in AI ethics, research, and entrepreneurship

Women in AI

Women in the AI field are making research breakthroughs, launching exciting companies, spearheading vital ethical discussions, and inspiring the next generation of AI professionals. And that’s why we created the VentureBeat Women in AI Awards — to emphasize the importance of their voices, work, and experiences, and to shine a light on some of these leaders.

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