Artificial Intelligence

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.