Artificial Intelligence

Milu Health: $4.8 Million Raised To Use AI For Driving Costs Savings In Healthcare

By Amit Chowdhry ● Mar 11, 2024

Milu Health is a health tech company that uses artificial intelligence (AI) to drive healthcare cost savings for employees and employers. Today, the company announced its seed financing of $4.8 million led by Andreessen Horowitz (a16z) Bio + Health and its launch with over a dozen employers to expand employee access to its platform.

Pace University Launching A New AI Lab At NYC Campus

By Amit Chowdhry ● Mar 11, 2024

Pace University’s Seidenberg School of Computer Science and Information Systems announced it is launching a new artificial intelligence (AI) lab at the New York City campus. This lab will be integrated into a new building at 15 Beekman. This facility aims to serve as the central hub of AI for the Pace community, providing training and opportunities for students, faculty, and staff to learn and collaborate.

PayShepherd: Contractor Management Company Raises C$7 Million

By Amit Chowdhry ● Mar 8, 2024

PayShepherd - a contractor management solution for industrial sites - announced it had closed C$7 million in an oversubscribed round of Seed+ funding to expand its target markets across North America and enhance its platform with new capabilities.

Deloitte Unveils InvestAcceleration, An Accelerator For Investment Management From Workday

By Amit Chowdhry ● Mar 8, 2024

Deloitte announced the launch of InvestAcceleration, a new suite of solutions designed for the investment management industry. It is an industry-specific approach to implementing Workday Financial Management.

Taalas: AI And Silicon Innovator Company Raises $50 Million

By Amit Chowdhry ● Mar 7, 2024

Taalas - an innovator in AI and silicon - announced that it had exited stealth mode and raised $50 million over two rounds of funding led by Pierre Lamond and Quiet Capital.

Simplilearn And Purdue University Partner To Bridge Skills Gap In Gen AI

By Amit Chowdhry ● Mar 7, 2024

Simplilearn (a global digital skills training provider) extended its collaboration with Purdue University Online to introduce the Applied Generative AI Specialization program. This program was carefully designed to equip professionals with the essential skills and knowledge needed to navigate the rapidly evolving field of Generative Artificial Intelligence (Generative AI).

Limbic: Clinical Mental Health AI Company Secures $14 Million

By Amit Chowdhry ● Mar 6, 2024

Limbic - a leading clinical mental health AI technology company - announced that it has raised a funding round of $14 million led by Khosla Ventures and joined by new investors, including Gaingels (an LGBTQIA+/Allies investment syndicate), and Illusian (the family office of Ilkka Paananen, co-founder of Supercell).

Openprise: Revenue Operations Data Automation Company Closes $25 Million

By Amit Chowdhry ● Mar 6, 2024

Openprise - a leader in revenue operations (RevOps) data automation - announced that it closed a $25 million Series B equity raise led by investment funds managed by Morgan Stanley Expansion Capital. Through a strong balance sheet and solid growth, Openprise is able to continue helping high-performance RevOps teams in transforming their data into action, achieving operational agility at scale, and simplifying technology to drive efficient growth.

Ontario Teachers’ Pension Plan Board Reveals New Leadership Team

By Amit Chowdhry ● Mar 5, 2024

Ontario Teachers' Pension Plan Board announced the appointment of new leaders to oversee the Capital Markets, Total Fund Management, and Global Investment Strategy investment departments, effective immediately.

Overjet: Dental AI Company Raises $53 Million At $550 Million Valuation

By Amit Chowdhry ● Mar 5, 2024

Overjet—a leader in dental AI—announced a $53.2 million Series C round, the largest investment ever in artificial intelligence for dentistry. March Capital led this historic round, which also included General Catalyst, Insight Partners, E14 Fund, Crosslink Capital, Spring Rock Capital, Liquid 2 Ventures, Harmonic Growth Partners, and the American Dental Association. This brings Overjet's total funding to about $133 million and increases the company's valuation to $550 million.

FogPharma: $145 Million Raised To Discover And Develop Helicon Therapeutics

By Amit Chowdhry ● Mar 4, 2024

FogPharma - a clinical-stage biopharmaceutical company dedicated to delivering a new class of therapies that go beyond the limits of currently available medicines using its Helicon peptide platform - announced the successful closing of a $145 million Series E financing round. And the funding was led by Nextech Invest with participation from other new investors including RA Capital Management, Rock Springs Capital, General Catalyst, Marshall Wace, Samsara Biocapital, Foresite Capital, Symbiosis, Catalio Capital Management, Sixty Degree Capital and former chairman and CEO of Johnson & Johnson, Alex Gorsky.

Autogon AI Raises Funding From Fast Forward Venture Studio

By Amit Chowdhry ● Mar 1, 2024

Autogon AI - a no-code AI orchestration platform - announced it had received backing from Fast Forward Venture Studio. And Autogon’s model enables any business – regardless of size – to conveniently harness the power of AI.

Why Totango And Catalyst Are Merging

By Amit Chowdhry ● Mar 1, 2024

Totango (a top enterprise customer success software) and Catalyst (the leading customer growth platform) announced that they are merging to provide one of the most powerful customer growth platforms on the market. About 600 organizations globally trust the platforms to drive business outcomes, and the new organization will provide businesses with a unified solution to drive measurable growth from their customer base.

Looq AI: Survey Technology Company Secures $2.6 Million

By Amit Chowdhry ● Mar 1, 2024

Looq AI has secured $2.6 million in a preferred series of seed funding led by BootstrapLabs, a venture capital firm focused on applied artificial intelligence, with the participation of Longley Capital and Spatial Capital. Looq AI has raised $3.75 million to date in connection with its initial pre-seed round.

Elevated Signals: Modern Manufacturing Software Company Raises C$7.9 Million

By Amit Chowdhry ● Feb 28, 2024

Elevated Signals - a company pioneering modern manufacturing software - announced that it has secured C$7.9 million in Series A funding.

Why HYPE Innovation Is Buying Planbox

By Amit Chowdhry ● Feb 28, 2024

HYPE Innovation and Planbox - two major players in innovation management – have announced a merger. This union creates an unparalleled platform, solidifying its commitment to empowering organizations to conquer the ever-evolving business world challenges, ensuring they are current and future-fit.

Governor JB Pritzker Reveals Historic $500 Million Investment Aligning With The CHIPS And Science Act

By Amit Chowdhry ● Feb 28, 2024

Innovate Illinois Chair and Governor JB Pritzker has announced a groundbreaking proposal to allocate $500 million towards advancing beyond silicon quantum technology in the state. This investment, part of the state's latest budget proposal, is poised to position Illinois as a national leader in advancing the semiconductor industry, quantum computing, and AI.

Wright Electric And Columbia University Receiving U.S. Department Of Energy Award For Ultra-Lightweight Battery Development

By Amit Chowdhry ● Feb 28, 2024

Wright Electric - in collaboration with Columbia University – announced that they had been awarded a contract from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) Pioneering Railroad, Oceanic, and Plane Electrification with 1K energy storage systems (PROPEL-1K) for its groundbreaking work on developing an ultra-energy-dense aluminum battery and novel artificial intelligence electrolyte screening system.

mTab: Market Insights Platform Raises $15 Million

By Amit Chowdhry ● Feb 27, 2024

mTab - a leading market insights platform and a portfolio company of Milestone Partners - announced the closing of a $15 million growth credit financing by Kayne Anderson Growth Capital. And the latest funding comes as the company further accelerates its growth and global expansion to support more customers in new industries, along with advanced technology enhancements to its platform.

IIA Healthcare Buying Gritly To Expand Data-Driven Hiring

By Amit Chowdhry ● Feb 26, 2024

IIA Healthcare - an Intelligent Interview Management solution for healthcare organizations - announced its acquisition of Gritly. This platform utilizes data to create a more equitable candidate experience and make hiring easier for employers. And this strategic move combines the power of both platforms, creating a comprehensive solution for healthcare recruitment and talent management.

InsightRX Raising Growth Capital From CIBC Innovation Banking

By Amit Chowdhry ● Feb 26, 2024

CIBC Innovation Banking recently announced that it has provided growth financing to InsightRX, a San Francisco-based software company utilizing quantitative pharmacology and artificial intelligence (AI) to improve therapeutic decision-making from phase I drug development to the point of patient care. And InsightRX applies patient-specific data and quantitative models to tailor dosing for complex treatments, including antibiotics, chemotherapeutic agents, and immunosuppressants. InsightRX also taps into AI to empower data scientists to analyze clinical trial data, aid in trial design, understand dose-exposure-response relationships, and refine dosing strategies for regulatory submissions.

Abridge: Clinical Documentation AI Leader Raises $150 Million

By Amit Chowdhry ● Feb 25, 2024

Abridge - a leader in generative AI for clinical documentation - announced an additional $150 million investment, utilizing momentum from their product’s rapid uptake among health systems nationwide. This funding round comes just fourth months after their $30 million Series B, and is one of the largest funding rounds made to date in generative AI for healthcare.

Conservation Labs Raises $7.5 Million To Decode Audio Data Into Actionable Insights For Reducing Carbon Emissions

By Amit Chowdhry ● Feb 24, 2024

Conservation Labs - an artificial intelligence (AI) company that developed a groundbreaking platform that decodes audio data into actionable insights in the built environment to reduce carbon emissions and energy and water usage - announced that it had raised a $7.5 million Series A funding round. This funding round was led by RET Ventures’ Housing Impact Fund and included the participation of Sustain VC.