Streamlit nabs $35M Series B to expand machine learning platform

StreamLit

As a company founded by data scientists, Streamlit may be in a unique position to develop tooling to help companies build machine learning applications. For starters, it developed an open source project, but today the startup announced an expanded beta of a new commercial offering and $35 million Series B funding.

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UIPath’s meteoric rise from unknown startup to $35B RPA juggernaut

UIPath trajectory graph

When TechCrunch covered UIPath’s Series A in 2017, it was a small startup out of Romania working in a little known area of enterprise software called robotic process automation (RPA). Then the company took off with increasingly large multi-billion dollar valuations. It progressed through its investment rounds, culminating with a $750 million round on an eye-popping $35 billion valuation last month.

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UiPath’s IPO filing suggests robotic process automation is booming

UIPath IPO

Robotic process automation platform UiPath added its name to the list of companies pursuing public-market offerings this morning with the release of its S-1 filing. The document details a quickly growing software company with sharply improving profitability performance. The company also flipped from cash burn to cash generation on both an operating and free-cash-flow basis in its most recent fiscal year.

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How can startups get to grips with AI for the first time?

AI business & robotics graphic

The scope for investment in AI-driven technologies is huge: in just four years, between 2015 and 2019, the number of organizations investing in AI grew by a staggering 270%. This should be proof enough that in the months and years to come, automation will be key to sustainable digital transformation strategies, enabling organizations to stay ahead.

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Applying Machine Learning-anchored computation to Enhance Drug discovery and development

Drug development AI console

Valo Health is a drug development company headquartered in Boston, Massachusetts, the United States, which uses human-centric data and machine learning to strengthen and boost the process of drug discovery and its development to promote intelligent health. The Opal Computational Platform by utilizes…

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5 ways Artificial Intelligence can benefit Customer Experience (CX)

Man, cogs and device graphic

Customer Experience (CX) is a topic of discussion mostly in the corporate business world in this era. It refers to a customer’s comprehensive perception of a brand throughout his journey, starting from navigating the website to getting the desired product. So each activity of an organization during the customer journey has a strong impact on the customers’ perception and their decision to repurchase the same brand. In the remitting growth and success of any industry, loyal customers play a profound role.

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Replica Studios simplifies adding Synthetic Speech to games and movies

Synthetic speech added to game

Voice AI startup Replica Studios has unveiled a desktop app to streamline integrating synthetic speech into films and video games. The new computer app makes it easier to connect the company’s ‘cast’ of AI voices to projects, including support for Unreal Engine and the new MetaHuman virtual human design platform.

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Utilizing AI for the Protection of Service Members and Civilians through unmanned Self-Driving Software

Autonomous console

Shield AI is a California-based startup employing artificial intelligence to develop products that offer protection for service members and civilians. It is primarily a defense technology organization that uses self-driving software, enabling the unmanned systems to operate smoothly even without the availability of GPS or any other form of communication.

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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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GPT-3-Powered business writing assistant Copy.AI raises $2.9M

Copy AI

Enterprise writing assistant startup Copy.ai has raised $2.9 million in a seed funding round led by Craft Ventures as first revealed in a TechCrunch report. The startup uses artificial intelligence built on the powerful GPT-3 language model from OpenAI to help businesses write a growing variety of texts including advertisements, product descriptions, social media posts, among others.

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Too small for Venture? SEALs and Early-Stage investment firms offer Financing, although options still limited

Crowd of people

Although there may be a romanticism about bootstrapping that long-dreamed about startup, the fact is even after all the credit cards are maxed out, you likely will still need money. However, if monthly recurring revenue is only at a few thousand dollars, options on raising funds can be quite limited.

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Three finalists selected in $4.5 million Watson AI XPrize competition  

Figure holding trophy aloft

Three finalist companies have been named in the $5 million IBM Watson AI XPrize competition that aims to demonstrate how humans can collaborate using AI technologies to tackle some of the most pressing issues facing our world. The finalists were selected from a pool of 10 semifinalists following presentations of their solutions to a panel of judges.  

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Autonomous drone maker Skydio raises $170M led by Andreessen Horowitz

Skydio Drone

Skydio has raised $170 million in a Series D funding round led by Andreessen Horowitz’s Growth Fund. That pushes it into unicorn territory, with $340 million in total funding and a post-money valuation north of $1 billion. Skydio’s fresh capital comes on the heels of its expansion last year into the enterprise market, and it […]

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Space startup Gitai raises $17.1M to help build the robotic workforce of commercial space

Space Robot

Japanese space startup Gitai has raised a $17.1 million funding round, a Series B financing for the robotics startup. This new funding will be used for hiring, as well as funding the development and execution of an on-orbit demonstration mission for the company’s robotic technology, which will show its efficacy in performing in-space satellite servicing […]

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Docyt raises $1.5M for its ML-based accounting automation platform

Docyt

Accounting isn’t a topic that most people can get excited about — probably not even most accountants. But if you’re running any kind of business, there’s just no way around it. Santa Clara-based Docyt wants to make the life of small and medium business owners (and their accounting firms) a bit easier by using machine […]

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