Artificial intelligence can make the funding process more manageable and effective for early-stage investors and provide entrepreneurs with insights when building a new venture. Let's look at how the technology is allowing investors to make smarter investments.
MUMBAI: Private equity firm Apax Partners has signed a definitive agreement to invest as much as $200 million to become the single largest shareholder in Fractal Analytics, India's second largest big data firm. The transaction, which consists of a secondary stake acquired from existing shareholders such as Malayasian sovereign investor of Khazanah and T.A. Associates besides a primary investment into the business, both the companies said in a statement.
Megvii is weighing an IPO to raise between $500 million and $1 billion with Hong Kong as a destination. The post Alibaba-backed AI startup Megvii said to raise $1b IPO appeared first on DealStreetAsia.
The Beijing-based firm raised more than $1.2 billion last year including a round announced in May that valued it at more than $4.5 billion. The post World's most valued AI startup SenseTime readies $2b fresh funding appeared first on DealStreetAsia.
AI technology has matured in recent years, as more companies have started using predictive algorithms and other automated techniques across myriad disciplines. The post Global VC funding in AI startups hits record high of $9.3b in 2018 appeared first on DealStreetAsia.
Sophia Genetics has raised $77 million for its artificial intelligence platform that uses genomic data to improve diagnostics. : Health startup Sophia Genetics today announced that it has raised $77 million in a funding round to expand development of its artificial intelligence platform that uses genomic data to improve diagnostics. The round was led by Generation Investment Management and includes money from Idinvest Partners, Balderton Capital, and Alychlo. Sophia, founded in Switzerland back in 2011, has raised a total of $140 million, including a $30 million round in 2017.
CarePredict, a Florida-based startup that developed an AI monitoring platform for seniors, has raised $9.5 million in a Series A round.
HOUSTON, December 24, 2018-- BrainCheck, a Texas-based digital neurocognitive testing platform, has raised $1.5 million in additional capital to bring AI and personalized medicine to dementia care through its cognitive care management technology, BrainCheck Care, which launched in July 2018. Funding, led by True Wealth Ventures, with participation from Tensility Venture Partners, XFactor Ventures, S3 Ventures and angel investors, brings the total funding to $6 million to date. Born at the Eagleman Neuroscience Laboratory at Baylor College of Medicine (now at Stanford), BrainCheck enables physicians to rapidly and accurately assess cognitive function and deliver cognitive care at scale.
NEW YORK, December 19, 2018-- Dataiku Inc., one of the world's leading enterprise data science and machine learning platforms, today announced a $101 million Series C funding round led by ICONIQ Capital and supported by Alven Capital, Battery Ventures, Dawn Capital, and FirstMark Capital. This announcement follows the company's $28 million Series B in September 2017 and the release of Dataiku 5 in September 2018. Since its founding in 2013, Dataiku has focused on the vision of democratized data science as the key to uninhibited possibilities instead of restricted technologies reserved for the elite few.