Artificial Intelligence

KODE Labs: Autonomous Smart Building Company Raises $30 Million

By Amit Chowdhry ● Apr 16, 2024

KODE Labs, a Detroit-based autonomous smart building startup, announced the closing of a $30 million Series B round. Headed by Maverix Private Equity, this milestone funding round also saw enthusiastic participation from esteemed partners TELUS Ventures and existing investor I Squared Capital. This funding round marks a significant moment for KODE, enabling the company to help buildings worldwide achieve net-zero emissions.

PeerDB: PostgreSQL Data Movement Platform Company Closes $3.6 Million

By Amit Chowdhry ● Apr 15, 2024

PeerDB, a leading data movement platform for PostgreSQL, announced it received $3.6 million in seed round funding. The investors in the round include lead investor 8VC, Y Combinator, Wayfinder Ventures, Webb Investment Network, Flex Capital, Rogue Capital, Pioneer Fund, Orange Collective, and several angel investors.

Bite: Intelligent Kiosk Solutions Company Closes $9 Million

By Amit Chowdhry ● Apr 13, 2024

Bite, a provider of intelligent kiosk solutions for fast-casual and quick-service restaurants, announced it has secured $9 million in Series A funding. The round was led by Staley Capital, with participation from Graham Partners, Food-X, One Way Ventures, and Tamarisc Ventures. This funding round will drive Bite’s mission to elevate the hospitality experience by offering an intuitive ordering solution for guests placing orders in restaurant venues.

Alethea: Disinformation Detection And Mitigation Company Raises $20 Million

By Amit Chowdhry ● Apr 10, 2024

Alethea, a leader in disinformation detection and mitigation, announced the closing of a $20 million Series B funding round led by GV, with participation from Ballistic Ventures. Also joining the round is Hakluyt Capital. This new funding round signifies investor confidence in Alethea's vision, technology capabilities, and the transformative impact the company will have on creating a more secure digital environment. Including this funding round, Alethea has raised $34 million.

Procurement Sciences AI: $10 Million Raised To Transform Government Contracting Business Development Processes

By Amit Chowdhry ● Apr 9, 2024

Procurement Sciences AI (PSci.AI), a next-generation bidding intelligence platform for government contractors, today announced that it has raised $10 million in Series A funding. The funding round was led by global, technology-focused investment firm Battery Ventures, with follow-on investment from Tower Research Capital and new funding from K Street Capital and Blu Ventures. Brandon Gleklen from Battery Ventures and Jared Young from Tower Research will join the Procurement Sciences board of directors.

Lockchain: Blockchain Risk Management Platform Closes $4.6 Million

By Amit Chowdhry ● Apr 9, 2024

Lockchain.ai, an AI-powered Blockchain Risk Management platform, announced its official launch from stealth to bring automated risk management solutions to traders, investors, and fund managers in the blockchain ecosystem. The company also announced it raised $4.6 million through a seed round led by Lerer Hippeau. The funding round included Arrington Capital, Valhalla Ventures, ARCA, RSE/Vayner, Sonic Boom Ventures, Alex Weiss of Clear Sky Capital, and Artico Search. White Star Capital joined in a subsequent funding cycle.

Minerva: How This Risk Assessment Platform Is Transforming A $200+ Billion Industry

By Amit Chowdhry ● Apr 8, 2024

Datavolo: AI-Based Data Pipeline Company Raises $21 Million

By Amit Chowdhry ● Apr 8, 2024

Datavolo, a leader in multimodal data pipelines for AI, announced that it has raised over $21 million in financing, led by General Catalyst, with participation from notable investors, including Citi Ventures, Human Capital, Rob Bearden, and MVP Ventures. This funding includes the company’s seed and Series A funding round.

Archetype AI: Physical AI Company Raises $13 Million In Seed Funding

By Amit Chowdhry ● Apr 5, 2024

Physical AI company Archetype AI announced its emergence from stealth and has introduced Newton, a first-of-its-kind foundation model that understands the physical world. The company also raised a $13 million seed funding round led by Venrock, with participation from Amazon Industrial Innovation Fund, Hitachi Ventures, Buckley Ventures, Plug and Play Ventures, and several angel investors. Ganesh Srinivasan, Partner at Venrock, will join the board in connection with the funding.

The Rawlings Group Raises Growth Investment From New Mountain Capital

By Amit Chowdhry ● Apr 5, 2024

The Rawlings Group (a leading coverage analytics provider ensuring payment accuracy on behalf of its health plan clients) announced a strategic investment from affiliates of New Mountain Capital (a leading growth-oriented investment firm with about $50 billion in assets under management). New Mountain is working with the Rawlings management team to support the company's next growth phase, which includes investments in artificial intelligence, product development, and expansion into new markets and capabilities.

Blue Yonder To Buy One Network Enterprises For About $839 Million

By Amit Chowdhry ● Apr 3, 2024

Blue Yonder - a leader in digital supply chain transformations - announced the signing of an agreement to acquire One Network Enterprises for about $839 million, subject to adjustments. One Network is known for its autonomous and resilience services and is a leading global provider of intelligent control towers. Upon the deal's completion, Blue Yonder will be well-positioned to serve customers’ needs across planning, execution, and commerce.

Descartes Buying OCR For About $90 Million

By Amit Chowdhry ● Apr 2, 2024

Descartes Systems Group, a global leader in uniting logistics-intensive businesses in commerce, announced that it acquired Rockville, Maryland-based OCR Services, a leading provider of global trade compliance solutions and content. The deal for OCR was about $90 million, and it was satisfied with cash on hand.

Hive: Distributed Cloud Computing Company Raises €12 Million

By Amit Chowdhry ● Mar 31, 2024

SC Ventures (Standard Chartered's ventures arm) is leading a €12 million (USD $13 million) Series A funding round for distributed cloud provider Hive, which aims to increase businesses' and individuals' access to sustainable and high-powered computing resources. OneRagtime, a French venture capital fund that led Hive's Seed round, and a collection of private investors joined the round.

Hume AI: $50 Million Secured To Build AI Optimized For Well-Being

By Amit Chowdhry ● Mar 29, 2024

Hume AI - a company and research lab building artificial intelligence optimized for human well-being - announced it had raised a $50 million Series B funding round. EQT Ventures led this round. Union Square Ventures, Nat Friedman & Daniel Gross, Metaplanet, Northwell Holdings, Comcast Ventures, and LG Technology Ventures also joined the round.

Kogod School of Business Integrating AI Throughout Curriculum

By Amit Chowdhry ● Mar 27, 2024

The Kogod School of Business at American University announced that artificial intelligence (AI) is now being integrated into its academic curriculum and day-to-day practices. Over 20 new and updated courses will be fully rolled out in the fall 2024 semester, ensuring that incoming and existing Kogod students graduate with AI/ML expertise.

Amazon Completes $4 Billion Investment In Anthropic

By Amit Chowdhry ● Mar 27, 2024

Amazon has completed its largest external investment in company history by placing a $2.75 billion tranche in Anthropic. Anthropic is one of the fastest-growing generative AI (GenAI) companies. It was founded by former OpenAI research executives and has built a chatbot called Claude, which competes against OpenAI/ChatGPT.

Thread: Becoming A Central Platform For Managing Operations And Maintenance At Scale

By Amit Chowdhry ● Mar 27, 2024

Thread is a rapidly growing software-as-a-service provider for electric utilities and generation. Pulse 2.0 interviewed Thread CEO and founder Joshua Riedy to learn more about the company.

Clarkson University Launches New Cybersecurity Masters Program

By Amit Chowdhry ● Mar 26, 2024

Clarkson University is now offering a new Master’s degree in Cybersecurity to meet the growing need to safeguard our online world. This new STEM-designated program will provide an interdisciplinary approach where students will have diverse choices.

Circular: Sustainable Sourcing Platform Company Raises $10.5 Million

By Amit Chowdhry ● Mar 25, 2024

Circular.co, a leading sustainable sourcing platform, announced it raised $10.5 million to expand its massive database of post-consumer recycled (PCR) materials and the accompanying platform, which streamlines the buying and selling of PCR materials.

Galeon: How This Collaborative Network Company Propels Medical Advancements

By Amit Chowdhry ● Mar 25, 2024

Galeon is a company that is transforming healthcare with its Population Health Manager (PHM), utilizing its expertise in advanced Electronic Health Record (EHR) systems. Implemented in twelve French hospitals including two University Hospitals, Galeon's software facilitates robust Medical AI development with its highly structured data approach. Pulse 2.0 interviewed Galeon co-founder and COO Matthieu Gueniffey to learn more about the company.

University Of South Florida Launching College Focused On AI, Cybersecurity, And Computing

By Amit Chowdhry ● Mar 25, 2024

The University of South Florida announced a goal to create a college focused on the rapidly evolving fields of artificial intelligence (AI), cybersecurity, and computing. The university aims to position the Tampa Bay region and the state of Florida as a national leader.

Clarivate Buys Majority Of MotionHall Assets

By Amit Chowdhry ● Mar 24, 2024

Transformative intelligence company Clarivate announced an agreement to buy a substantial majority of the assets of MotionHall, an AI-based company serving the life sciences industry.

Alight Selling Professional Services And Payroll Services For Up To $1.2 Billion

By Amit Chowdhry ● Mar 22, 2024

Alight (a leading cloud-based human capital technology and services provider) signed a definitive agreement to sell its Professional Services segment and its Payroll & HCM Outsourcing businesses within the Employer Solutions segment to an affiliate of H.I.G. Capital for up to $1.2 billion. This deal values the Payroll & Professional Services business at a multiple of approximately ten times its estimated 2023 adjusted EBITDA and 24 times its estimated unlevered free cash flow.

Anima: Care Enable Platform Raises $12 Million

By Amit Chowdhry ● Mar 21, 2024

Anima - a next-generation care enablement platform - announced it raised $12 million in Series A funding. This funding round was led by Molten Ventures, with participation from existing investors Hummingbird Ventures, Amino Collective, Y Combinator, and new angel investors, including Sidar Sahin (founder of Peak Games).

xCures: Empowering Healthcare Researchers To Deeply Understand Each Patient’s Medical Journey

By Amit Chowdhry ● Mar 20, 2024

xCures is a healthcare data management company focusing on data completeness and real-time data access. Pulse 2.0 interviewed xCures CEO Mika Newton to learn more about the company.

Lumino: AI Infrastructure Company Raises $2.8 Million

By Amit Chowdhry ● Mar 19, 2024

AI infrastructure company Lumino announced that it has raised a $2.8 million pre-seed funding round. This funding round included Longhash Ventures, Inception Ventures, Protocol Labs, TRGC, L2IV, Zero Knowledge Ventures, Fenbushi Capital, Quaker Capital Investments, OrangeDAO, and Escape Velocity.

Auguria Raises Seed Funding From SYN Ventures And S Ventures

By Amit Chowdhry ● Mar 19, 2024

Auguria, a cybersecurity artificial intelligence company, announced its emergence from stealth mode after more than two years of software platform development. Through an initial investment from SYN Ventures Seed Fund, Auguria is driving the transformation of traditional security operations by optimizing data for human and AI consumption with the industry's first vector-based cybersecurity platform for security operations data integration, transformation, and analytics.

Cohesity Raises Strategic Funding From NVIDIA

By Amit Chowdhry ● Mar 19, 2024

Cohesity - a leader in AI-powered data security and management - announced a collaboration with NVIDIA to help organizations unlock the power of GenAI and data with the recently announced NVIDIA NIM microservices and through the integration of NVIDIA AI Enterprise into the Cohesity Gaia platform. Cohesity’s latest funding round also led to NVIDIA becoming a new investor.

Quantexa: Clark Frogley On Using AI To Circumvent Financial Crimes

By Amit Chowdhry ● Mar 18, 2024

Quantexa is a global data and analytics company pioneering Contextual Decision Intelligence and it empowers organizations to make operational decisions by analyzing meaningful data. Pulse 2.0 interviewed Quantexa Head of Financial Crime Solutions Clark Frogley, a former FBI Supervisory Special Agent, to discuss how financial institutions can utilize artificial intelligence (AI) to tackle fraud in banking.

CodaMetrix Raises $40 Million To Transform The Medical Coding Industry

By Amit Chowdhry ● Mar 13, 2024

CodaMetrix - a leading artificial intelligence (AI) solution for transforming healthcare and revenue cycle management - announced that it has closed a $40 million Series B funding round. Transformation Capital led the funding round with participation from existing investors SignalFire, Series A lead, and Frist Cressey Ventures.