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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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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AI-driven voice assistant PolyAI raises $14M round led by Khosla Ventures

PolyAI

“Conversational AI” startup PolyAI, based out of London, has raised $14 million in a funding round led by Silicon Valley’s Khosla Ventures, with participation from existing investors (Point72 Ventures, Amadeus Capital, Sands Capital Ventures, Passion Capital and Entrepreneur First). This follows their $12m Series A, and will provide resources for further US expansion beyond its existing US team. The startup has now raised $28m to date.

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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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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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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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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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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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Peak, a managed AI platform for enterprise, nabs $75M

Peak

Peak, a U.K.-headquartered company offering AI-powered enterprise decision support software, today announced that it closed a $75 million series C. The tranche, which was led by SoftBank Vision Fund 2 with participation from MMC Ventures, Oxx, Praetura Ventures, Arete, and Octopus Ventures, brings Peak’s total raised to date $119 million, and CEO Richard Potter says it’ll be used to fuel R&D and expansion with new offices in the U.S. and India.

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CoCoPie, which optimizes AI for edge devices, raises $6M

Cocopie

CoCoPie, a startup developing a platform to optimize AI models for edge devices, today announced that it raised $6 million in a series A funding round led by Sequoia China Seed Fund. The capital, which values the company at $50 million post-money, will be put toward R&D and growing CoCoPie’s customer base, according to CEO Yanzhi Wang.

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Pyxis One boosts customer data platform with $17M

Pyxis One

Customer data analysis 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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Process automation startup Leapwork nabs $62M

Leapwork

No-code automation platform Leapwork today announced it has closed a $62 million series B round co-led by KKR and Salesforce Ventures. The company says the investment, which gives Leapwork a post-money valuation of $312 million, is the largest ever in Denmark and will be used primarily to recruit new full-time employees.

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Involve.ai boosts AI-driven customer data platform with $16M

Involve AI

Involve.ai, a startup using AI to bolster customer success, today announced it has raised $16 million in a series A round led by Sapphire Ventures and other investors. The company says the capital will be put toward product development and hiring on the engineering, data science, and go-to-market sides.

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