Uber veteran launches her ‘AI Mindset’ Self-Driving startup with $83.5 million round

Waabi CEO Raquel Urtasan

Computer scientist Raquel Urtasan, an artificial intelligence expert who led a team of Toronto-based engineers for Uber’s self-driving vehicle program, is launching tech startup Waabi with an $83.5 million funding round and a new “AI mindset” approach to commercializing automated driving.

Read More

Rebranded Toyota Ventures invests $300 million in emerging tech and carbon neutrality 

Toyota ventures

Toyota AI Ventures, Toyota’s standalone venture capital fund, has dropped the “AI” and is reborn as, simply, Toyota Ventures. The fund is commemorating its new identity by investing an additional $300 million in emerging technologies and carbon neutrality via two early-stage funds: the Toyota Ventures Frontier Fund and the Toyota Ventures Climate Fund. 

Read More

Goldman Sachs leads $202M investment in project44, doubling its valuation to $1.2B in a matter of months

Goldman Sachs - Project44

Project44 announced it has raised $202 million in a Series E funding round led by Goldman Sachs Asset Management and Emergence Capital. Girteka and Lineage Logistics also participated in the financing, which gives project44 a post-money valuation of $1.2 billion. That doubles the company’s valuation at the time of its Insight Partners-led $100 million Series D in December, and brings its total raised since inception to $442.5 million.

Read More

OpenAI launches $100 million startup fund with Microsoft

Openai Microsoft

OpenAI today launched the OpenAI Startup Fund, a $100 million fund to — in the words of OpenAI — “help AI companies have a profound, positive impact on the world.” The fund is managed by OpenAI, with investment from Microsoft and other partners, and OpenAI says that companies selected for it will get early access to future OpenAI systems, support from OpenAI’s team, and credits on Microsoft Azure.

Read More

Climate risk platform Cervest raises $30M Series A led by Draper Esprit

Cervest

Cervest – a startup with a platform that claims to quantify climate risk across multiple decades and threats down to the asset level – has raised a $30 million Series A round led by Draper Esprit. Previous investors Astanor Ventures, Lowercarbon Capital (Chris Sacca), and Future Positive Capital also participated in the round, and were joined by new investors UNTITLED, the venture fund of Magnus Rausing, and TIME Ventures, the venture fund of Marc Benioff. Cervest’s total funding now stands at $36.2 million. It previously raised $5.2M in 2019.

Read More

As M&A accelerates, deal-makers are leveraging AI and ML to keep pace

Winding arrows

The global pandemic has changed the way we work, including how and where we work. For those involved in the mergers and acquisitions (M&A) industry, a notoriously relationship-driven business, this has meant in-person boardroom handshakes have been replaced by video conference calls, remote collaboration and potentially less travel in the future. Research shows that AI will transform the M&A process by decreasing the time it takes to perform due diligence to less than a month in 2025 from three to six months in 2020.

Read More

5 investors discuss the future of RPA after UIPath’s IPO

RPA attention

Robotic process automation (RPA) has certainly been getting a lot of attention in the last year, with startups, acquisitions and IPOs all coming together in a flurry of market activity. It all seemed to culminate with UiPath’s IPO last month. The company that appeared to come out of nowhere in 2017 eventually had a final private valuation of $35 billion. It then had the audacity to match that at its IPO. A few weeks later, it still has a market cap of over $38 billion in spite of the stock price fluctuating at points.

Read More

Figure raises $7.5M to help startup employees better understand their compensation

Figure platform

Figure, announced it has raised $7.5 million in seed funding led by CRV. Bling Capital, Better Tomorrow Ventures and Garage Capital also participated in the financing, along with angel investors such as AngelList co-founder Naval Ravikant, Jason Calacanis, Reddit CEO Steve Huffman and other executives based in Silicon Valley.

Read More

Persona lands $50M for identity verification after seeing 10x YoY revenue growth

Persona

Persona, a startup focused on creating a personalized identity verification experience “for any use case,” aims to differentiate itself in an increasingly crowded space. And investors are banking on the San Francisco-based company’s ability to help businesses customize the identity verification process — and beyond — via its no-code platform in the form of a $50 million Series B funding round. 

Read More

Tribal Credit, which provides credit cards to startups in emerging markets, raises $34.3M

Tribal Credit

Today, Tribal Credit announced it has raised $34.3 million in a combined Series A and debt round led by QED Investors and Partners for Growth (PFG). Existing backers BECO Capital, Global Ventures, OTG Ventures and Endure Capital also participated in the round, along with new investor Endeavor Catalyst. The raise follows “10x” year-over-year growth, according to CEO and co-founder Amr Shady.

Read More

How AI is transforming Private Equity

AI powered organization

Private equity deal-making is personality-based, portfolio monitoring is excel, email, faxes, and people still send capital calls and notice of distributions by regular mail (I am serious). Funds structures are complex, involve multiple law firms, tax specialists, asset valuations are manual. Software and services are back-office focused, fund administration and fund services focus on reporting, accounting. How can AI change this?

Read More

Location data analytics provider SafeGraph raises $45M

Man looking at computer screens

SafeGraph, a startup using AI to create and maintain mobility datasets, today announced it has raised $45 million in a round led by Sapphire Ventures. With the investment, SafeGraph plans to capitalize on the expanding international market of data buyers and offer new ways for companies to buy data through its network.

Read More

Gartner: 75% of VCs will use AI to make investment decisions by 2025

Venture capital

By 2025, more than 75% of venture capital and early-stage investor executive reviews will be informed using AI and data analytics. In other words, AI might determine whether a company makes it to a human evaluation at all, deemphasizing the importance of pitch decks and financials. That’s according to a new whitepaper by Gartner, which predicts that in the next four years, the AI- and data-science-equipped investor will become commonplace.

Read More

Foresite Capital raises $969 million fund to invest in healthcare startups across all stages of growth

Foresight Healthcare

Health and life science specialist investment firm Foresite Capital has raised a new fund, its fifth to date, totally $969 million in commitments from LPs. This is the firm’s largest fund to date, and was oversubscribed relative to its original target according to fund CEO and founder Dr. Jim Tananbaum, who told me that while […]

Read More
1 2