U.S. Fintech Stampli secures $50 million through Series C investment

Stampli, an U.S.-based fintech that is focused on AI-driven AP automation, announced on Wednesday it raised $50 million through its Series C funding round, which was led by Insight Partners with participation from SignalFire and Nextworld Capital. The latest investment round brings Stampli’s total funding to more than $87 million.

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Cycode raises $20M to secure DevOps pipelines

Cycode

Israeli security startup Cycode, which specializes in helping enterprises secure their DevOps pipelines and prevent code tampering, today announced that it has raised a $20 million Series A funding round led by Insight Partners. Seed investor YL Ventures also participated in this round, which brings the total funding in the company to $24.6 million.

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Personalized nutrition startup Zoe closes out Series B at $53M total raise

Zoe Nutrition

Personalized nutrition startup Zoe — named not for a person but after the Greek word for ‘life’ — has topped up its Series B round with $20M, bringing the total raised to $53M.

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Kaia Health grabs $75M on surging interest in its virtual therapies for chronic pain and COPD

Kaia health

New York headquartered Kaia Health, which offers AI-assisted digital therapies via a mobile app for chronic pain related to musculoskeletal (MSK) disorders and for Chronic Obstructive Pulmonary Disease (COPD), has raised a $75 million Series C. The round was led by an unnamed leading growth equity fund with support from existing investors, including Optum Ventures, Eurazeo, 3VC, Balderton Capital, Heartcore Capital, Symphony Ventures (golfer Rory McIlroy’s investment vehicle), and A Round Capital.

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Instreamatic, which inserts interactive voice ads into audio streams, raises $6.1M Series A round

Instreamatic

Interactive voice advertising startup Instreamatic, which can insert interactive voice ads into an audio stream, has raised $6.1 million in a Series A funding led by Progress Ventures led the round, joined by Accomplice, and Google Assistant Investments.

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Artificial Intelligence and Automated Systems Legal Update (1Q21)

AI regulation

Regulatory and policy developments during the first quarter of 2021 reflect a global tipping point toward serious regulation of artificial intelligence (“AI”) in the U.S. and European Union (“EU”), with far-reaching consequences for technology companies and government agencies.[1]   In late April 2021, the EU released its long-anticipated draft regulation for the use of AI, banning some “unacceptable” uses altogether and mandating strict guardrails such as documentary “proof” of safety and human oversight to ensure AI technology is “trustworthy.”

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To ensure inclusivity, the Biden administration must double down on AI development initiatives

US flag in code

The National Security Commission on Artificial Intelligence (NSCAI) issued a report last month delivering an uncomfortable public message: America is not prepared to defend or compete in the AI era. It leads to two key questions that demand our immediate response: Will the U.S. continue to be a global superpower if it falls behind in AI development and deployment? And what can we do to change this trajectory?

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UK gov’t triggers national security scrutiny of Nvidia-Arm deal

UK scrutinizes arm deal

The secretary of state for digital issues, Oliver Dowden, said today that the government wants to ensure that any national security implications of the semiconductor deal are explored. Nvidia’s $40BN acquisition of UK-based Arm was announced last September but remains to be cleared by regulators. The UK’s Competition and Markets Authority (CMA) began to solicit views on the proposed deal in January.

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Hopper raises $170M and partners with Capital One on a new cardholder travel booking portal

Hopper dashboard

Canadian travel startup Hopper has raised a $170 million Series F round, led by Capital One. The U.S. banks and credit card company is also coming on board as a strategic partner, to launch Capital One Travel, which is the first instantiation of Hopper’s new B2B platform, Hopper Cloud. This is Hopper’s second raise in a year that has been marked by turmoil for the travel industry, owing to the disruptions caused by the global COVID-19 pandemic.

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The United States and India are set to beat China in Artificial Intelligence

Robot

The United States and India will come together and further develop AI. The Biden organization intends to use federal funding for U.S. research and development on artificial intelligence (AI) and other cutting-edge technologies. The United States and India are logical partners in diagramming the future development of AI, which guarantees economic growth and social benefits to the two nations in key areas like healthcare, education, energy, financial technology and retail.

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Facebook & Google’s LazyTensor enables expressive domain-specific Compilers

A team from Facebook and Google has proposed LazyTensor — a technique for targeting domain-specific compilers without sacrificing define-by-run ergonomics.
The post Facebook & Google’s LazyTensor Enables Expressive Domain-Specific Compilers first appeared on Synced.

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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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U.S. leads world in AI, but here comes China

USA China Race

The United States is maintaining its early lead over China and the European Union in development and application of artificial intelligence technology, according to a new report from the Information Technology and Innovation Foundation (ITIF). But while the Americans’ lead is still substantial today, China is poised to close the gap, while the EU is largely failing to keep up, the report found.

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Antitrust hearing: Amazon, Facebook, and Google were questioned 2x more than Apple

At the “Online Platforms and Market Power” virtual antitrust hearing today, the House Judiciary Committee questioned Amazon, Apple, Facebook, and Google over Webex.

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