Elon Musk’s brain computer startup Neuralink scores $205M funding

Brain computer

Recently, Neuralink has raised a Series C round from Google Ventures and others, while its competitor Synchron is making in-human trials in the US. The round raised was around $205m and was led by Dubai-based investment firm Vy Capital with participation from Google Ventures, DFJ Growth, Valor Equity Partners, Craft Ventures, Founders Fund, and Gigafund.

Read More

AI enhanced ID Verification, eKYC service Provider Jumio reports 150% revenue growth in Q2 2021

Jumio

Jumio, an established provider of AI-enhanced end-to-end identity verification and eKYC services, reveals that its sales and revenue increased more than 150% during Q2 2021 when compared to Q2 2020. The growth has reportedly been fueled by “an ongoing need for modern enterprises to know and trust that their online users are who they claim to be.” As noted in a release shared with CI, this is “evidenced by the large growth seen in financial services, mobile delivery services and social platforms verifying everyone from customers to employees to influencers.”

Read More

Chicago’s startup Paro, a provider of on-demand Financial Expertise, secures $25M via Series B

Paro

aro has announced a $25 million Series B funding round. The rapidly-growing startup offers businesses with flexible finance solutions through teams of remote finance professionals in order to help them address problems and support their ongoing growth.

Read More

Fintech nate, a Universal and Streamlined Commerce App, Secures $38M in Capital via Series A led by Renegade Partners

nate tech

Universal and streamlined shopping app nate has secured $38 million in capital through a Series A round led by Renegade Partners, along with contributions from Forerunner Ventures and existing investors Canaan Partners and Coatue Management. nate’s Series A has been finalized a year after the Fintech firm raised a seed round, bringing the total equity secured to date to $51 million.

Read More

Who is winning the global AI-race between Europe, the US and China?

the EU flag

AI and Machine Learning is booming in the USA and China. Thanks to the “data-rich” tech giants Amazon, Facebook, Apple, Microsoft, Alphabet/ Google, Tencent, Baidu, Alibaba. And thanks to MIT, Stanford and academic powerhouses. But also to political willpower, as we have seen in China. Europe is lagging behind, while the US and China racing ahead. Where are we now, in June 2021? Have the “data-poor” Sweden, the Nordics and Europe caught up with the US and China? It does not seem so, rather is the gap increasing.

Read More

AI enhanced investment management provider Vise Secures $65M via series C led by Ribbit Capital, Sequoia Capital

Art deco statue

Vise, an AI-enhanced investment management platform, has secured $65 million in capital through a Series C round that was led by Ribbit Capital and also saw participation from  Sequoia Capital.

Read More

[Report] Fintech Assets experiencing increased demand as Big Data, AI, Data Analytics, Automation “Aggressively Disrupt” Sector

Pitchbook report

As the world economy continued to rebound during the first quarter of 2021 (after the COVID-19 induced lockdowns across the globe), so too did international mergers and acquisitions (M&A) activity, according to a new report released by Pitchbook. Wylie Fernyhough, Senior Analyst, PE Lead, Pitchbook, noted in the report that 8,753 deals closed during Q1 2021 for “a total of $917.7 billion.”

Read More

Cloud data analytics service Phocas raises $34 million to grow AI, global footprint

Phocas Software‘s cloud data analytics tools might be best known in Australia, where they’re used by Thermo Fisher Scientific, Fiskars Royal Doulton, and Burson Automotive to streamline employee access to key financial data, but the company is planning to become more aggressive globally in 2021. Today, Phocas announced that it raised $34 million to bolster its AI capabilities and reach new customers across the world, while expanding its data tools to reach new verticals.

Read More