YC-backed Abacum nets $7M to empower finance teams with real-time data and collaboration tools

Abacum

SaaS to support mid-sized companies’ financial planning with real-time data and native collaboration isn’t the sexiest startup pitch under the sun but it’s one that’s swiftly netted Abacum a bunch of notable backers — including Creandum, which is leading a $7M seed round that’s being announced today.

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Berlin’s Bryter raises $66M to take its no-code tools for enterprises to the US

Man and woman on device

No-code startups continue to see a lot of traction. Bryter – an AI-based no-code startup that has built a platforms used by some 100 global enterprises to date across some 2,000 business applications and workflows – is announcing a new round of funding to double down on that opportunity.

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Is the UK heading towards a Transformation in AI Strategy?

UK sunburst graphic

A PwC report revealed that AI could transform the GDP of the UK up to 10.3% higher in 2030. The UK has been progressing towards the development of an AI strategy to guide the journey of digital transformation. The United Kingdom is a leader in promoting artificial intelligence startups. Further recent press reports stated how the state is planning to implement autonomous robots for pothole repairing and is anticipating opening a National Robotarium in 2022.

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Feedzai raises $200M at a $1B+ valuation for AI tools to fight financial fraud

Fedzali

On the heels of Jumio announcing a $150 million injection this week to continue building out its AI-based ID verification and anti-money laundering platform, another startup in the space is levelling up. Feedzai, which provides banks, others in the financial sector, and any company managing payments online with AI tools to spot and fight fraud — has announced a Series D of $200 million. It said that the new financing is being made at a valuation of over $1 billion.

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UK’s MHRA says it has ‘concerns’ about Babylon Health — and flags legal gap around triage chatbots

Doctor on Tablet

The UK’s medical device regulator has admitted it has concerns about VC-backed AI chatbot maker Babylon Health. It made the admission in a letter sent to a clinician who’s been raising the alarm about Babylon’s approach toward patient safety and corporate governance since 2017. The HSJ reported on the MHRA’s letter to Dr David Watkins […]

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Brandwatch is acquired by Cision for $450M, creating a PR, marketing and social listening giant

Online consumer intelligence and social media listening platform Brandwatch has been acquired by Cision, best known for its media monitoring and media contact database services, for $450 million, in a combined cash and shares deal. TechCrunch understands Brandwatch’s key executive team will be staying on. The move combines two large players to offer a broad […]

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Landbot closes $8M Series A for its ‘no code’ chatbot builder

Landbot IO

Barcelona-based Landbot, a ‘no-code’ chatbot builder, has bagged a $8M Series A led by the Spanish-Israeli VC firm Swanlaab, alongside support from Spain’s innovation-focused public agency, CDTI. Previous investors Nauta Capital, Encomenda and Bankinter also participated in the round. We last chatted to Landbot back in 2018 when it raised a $2.2M seed and had […]

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LeoCare raises $18.1 million for its insurance products designed to fit in a mobile app

French startup LeoCare has raised a €15 million funding round. Felix Capital, Ventech and Daphni are participating in today’s funding round. The company is selling a portfolio of insurance products with a focus on the signup process and user experience. You can control your insurance products from a mobile app.

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V7 Labs raises $3M to help AI teams ‘automate’ training data workflows

V7 Labs, the makers of a computer vision platform that helps AI teams “automate” and future-proof their training data workflows as advances in AI continue, has picked up $3 million in funding. Leading the seed round is Amadeus Capital Partners, with participation from Partech, Nathan Benaich’s Air Street Capital and Miele Venture.

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EU human rights agency issues report on AI ethical considerations

The European Union’s Fundamental Rights Agency (FRA) has issued a report on AI which delves into the ethical considerations which must be made about the technology. FRA’s report is titled Getting The Future Right and opens with some of the ways AI is already making lives better—such as helping with cancer diagnosis, and even predicting…

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State of European Tech: Investment in ‘deep tech’ like AI drops 13%

The latest State of European Tech report highlights that investment in “deep tech” like AI has dropped 13 percent this year. Data from Dealroom was used for the State of European Tech report. Dealroom defines deep tech as 16 fields: Artificial Intelligence, Machine Learning, Big Data, Augmented Reality, Virtual Reality, Drones, Autonomous Driving, Blockchain, Nanotech…

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Uber drivers union asks EU court to overrule ‘robo-firing’ by algorithm

A union representing Uber drivers in the U.K. has filed a second legal challenge against the ride-hailing giant in Europe, this time arguing that Uber’s alleged “robo-firing” practices contravenes Article 22 of the EU General Data Protection Regulation (GDPR), which seeks to protect individuals from automated decision-making.

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Nvidia and ARM will open ‘world-class’ AI centre in Cambridge

Nvidia is already putting its $40 billion ARM acquisition to good use by opening a “world-class” AI centre in Cambridge. British chip designer ARM’s technology is at the heart of most mobile devices. Meanwhile, Nvidia’s GPUs are increasingly being used for AI computation in servers, desktops, and even things like self-driving vehicles.

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Microsoft: The UK must increase its AI skills, or risk falling behind

Palace of Westminster

A report from Microsoft warns that the UK faces an AI skills gap which may harm its global competitiveness. The research, titled AI Skills in the UK, shines a spotlight on some concerning issues. For its UK report, Microsoft used data from a global AI skills study featuring more than 12,000 people in 20 countries…

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