Axonius raises $100 million to protect IoT devices from cyberattack

Electronic Lock

Axonius, a cybersecurity startup focused on the IoT sector, has raised $100 million at a $1 billion valuation.

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Medisafe raises $30 million for predictive AI that reminds people to take their pills

Device Calendar App

Medisafe, a startup developing a platform to promote medication adherence, has raised $30 million in venture capital.

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Symbio emerges from stealth with $30 million to automate industrial assembly

Engineer fixing robotic arm

Emeryville, California-based industrial robotics startup Symbio Robotics today emerged from stealth with $30 million in funding. The company says the capital will be put toward further developing its technology as it looks to sign new customers.

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Saltmine raises $20 million to automate office space design

People in a workspace

Commercial office space planning startup Saltmine today announced that it raised $20 million and formed a strategic partnership with real estate firm JLL. Saltmine, whose customers include Snowflake and Workday, says it plans to put the funding toward advancing its platform and expanding its global workforce.

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AI-powered math tutoring app Photomath raises $23 million

AI Math Tutoring

AI-powered math tutoring app Photomath today announced that it raised $23 million in series B funding. The company says the proceeds will be used to grow headcount, invest in AI, and scale both product and marketing development. An estimated 65% of households in the U.S. with children report using online learning during the pandemic, with 11% reporting having no live contact with a teacher in the past week (as of November 2020).

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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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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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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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Insightin Health raises $12 million for AI that uses big data to guide patients’ decisions

HP Health

Insightin Health, a company delivering personalized health care experiences for members, today announced it has raised $12 million. A spokesperson told VentureBeat the round will support Insightin Health’s plan to bring on more plan providers that service primarily Medicare, Medicaid, and accountable care organization members.

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Plus raises $200 million to develop its autonomous truck platform

Plus.ai

Plus, a startup developing autonomous truck technology, today announced it has completed a $200 million series B round led by new investors Guotai Junan, Hedosophia, and Wanxiang. Plus plans to use the funds to accelerate the commercialization and deployment of its automated trucking system. As the company begins mass production in 2021, Plus says it will develop a sales, engineering, and support network to help fleets integrate its platform into their daily operations.

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Microsoft details Speller100, an AI system that checks spelling in over 100 languages

Bing

In a post on its AI research blog, Microsoft today detailed a new language system, Speller100, that the company claims is one of the most comprehensive ever made in terms of language coverage and accuracy. Comprising a number of AI models that can understand speech in over 100 languages collectively, Speller100 now powers all spelling correction on Bing.

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Pony.ai raises $100 million more to advance its autonomous vehicle tech

Self-driving car startup Pony.ai today announced it has raised $100 million in an extension of its series C round. The funds bring the company’s total raised to over $1 billion at a post-money valuation of $5.3 billion, up from $3 billion as of February 2020.
Some experts predict the pandemic will hasten the adoption of autonomous transportation technologies. Despite needing disinfection, driverless cars can potentially minimize the risk of spreading disease. For example, Pony.ai says it has delivered more than 15,000 packages of food and health kits in California during the COVID-19 health crisis.

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What Andy Jassy’s ascension to CEO means for Amazon’s AI initiatives

This week, Jeff Bezos announced that he’ll step down as CEO at Amazon and transition to an executive chair role during the third quarter of this year. Amazon Web Services (AWS) CEO Andy Jassy will take his place, heading up a company currently valued at around $1.6 trillion. Jassy, who joined Amazon in 1997 and has led AWS since its inception in 2003, believes Amazon’s decision to double down on AI early differentiated it from the competition.

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Slync.io raises $60 million to automate supply chain processes

Truck parked

Slync.io, a shipping and logistics process automation company, today announced it has closed a $60 million series B funding round. The company says it will leverage the investment to continue serving its customers, grow its physical presence in Europe and Asia, and expand its core teams.

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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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Microsoft launches Custom Neural Voice in limited access

Microsoft today announced the general availability of Custom Neural Voice, an Azure Cognitive Services product that lets developers create synthetic voices with neural text-to-speech technology. It’s in limited access, meaning customers must apply and be approved by Microsoft, but it’s ready for production and available in most Azure cloud regions.

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Garner raises $12 million to match employees with ‘high-performing’ doctors

Man holding model heart

Garner Health, a platform that uses metrics and data to match employers and employees with doctors, today announced that it raised $12 million. The company says the proceeds will be put toward customer acquisition and the expansion of its team as Garner looks to further develop its cloud-hosted products.

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