Breaking AI Funding News: Auto-ML, Longevity, Construction Projects, and More!

Breaking AI Funding News: Auto-ML, Longevity, Construction Projects, and More!

Table of Contents:

1. Introduction
2. Workplace Digital Assistant Funding Rounds
3. Open Source Software Company Funding
4. British Biotech Juvenessence Funding
5. Personalized Clinical Support Platform Funding
6. Open Space Construction Site Navigation Funding
7. Conversational AI Technology Company Funding
8. Personalized Service I-Based Engine Funding
9. Swiss Start-up Deep Code Funding
10. Intelligent Mobility Operating System Funding
11. Sports Video Technology Funding

Article:

1. Introduction

Artificial intelligence (AI) has revolutionized various industries, including business. Funding rounds for AI companies have seen a significant surge in recent years, with millions of dollars pouring into innovative start-ups and ventures. In this article, we will explore the latest funding developments in the AI sector, highlighting the key players and their contributions.

2. Workplace Digital Assistant Funding Rounds

One of the notable funding rounds in the AI industry is the workplace digital assistant start-up Capacity. The company has raised $13.2 million in its series B funding round, led entirely by Midwestern venture capitals. Capacity aims to solve the challenge of scattered information within enterprises with its corporate data search platform. The funding will enable Capacity to further enhance its solution and expand its presence in the market.

3. Open Source Software Company Funding

H2O.ai, an open-source software company, has secured $72.5 million in funding in a round led by Goldman Sachs and the Pink and Global Voyager Fund. Notable investments from Wells Fargo and Nexus Venture Partners have also contributed to the funding. H2O.ai focuses on initiatives related to artificial intelligence for good, including academic programs and AI centers of excellence. The funding will support the company's ongoing research and development efforts and bolster its marketing initiatives.

4. British Biotech Juvenessence Funding

British biotech company Juvenessence has raised $100 million in a series B financing round. This includes $10 million from its founders and an additional $10 million from four cornerstone investors. Juvenessence utilizes the power of artificial intelligence and machine learning in the development of therapeutic candidates within the field of healthy aging. The funding will support the company's programs and further advancements in this area.

5. Personalized Clinical Support Platform Funding

Booy.Health, a platform powered by advanced artificial intelligence, has raised $15 million in a series B funding round led by Bill Humbrecht. The funding will enable Booy.Health to Continue its rapid growth in the US market and expand its offerings by providing more in-depth navigation for new populations. Booy.Health aims to provide personalized clinical support to individuals, leveraging the capabilities of AI.

6. Open Space Construction Site Navigation Funding

OpenSpace, a company that utilizes artificial intelligence to Create navigable 360-degree photos of construction sites, has raised $14 million in a series A funding round led by Lux Capital. Notable participants in the funding round include WeWork and other prominent names from the real estate and construction industries. The funding injection will help OpenSpace Scale its operations and develop new computer vision-powered tools.

7. Conversational AI Technology Company Funding

A technology company focused on conversational AI, YUNA, has raised $51 million in Series C funding. March Capital Partners led the funding round, with participation from other investors. This funding represents one of the largest in the conversational AI sector to date. YUNA plans to utilize the funds to accelerate its market expansion in North America, invest in research and development, and grow its global employee base.

8. Personalized Service I-based Engine Funding

NewsItWorks, a start-up that has built an AI-based engine to provide personalized service for young users, has secured $100 million in funding from pFrancisco Partners, TPG Sixth Street Partners, and other investors. NewsItWorks believes its approach can yield better and more Relevant results than other search services in the market. The funding will be utilized to fuel the company's next stage of growth and establish itself as a leading platform in the industry.

9. Swiss Start-up Deep Code Funding

Swiss start-up DeepCode has raised $4 million in a seed funding round to expand its machine learning systems for code reviews. The funding round was led by Earlybird, with participation from TVC and Btov Partners. DeepCode's machine learning technology enables the identification of vulnerabilities and establishes the intent behind the code. The funding will help DeepCode cover a broader range of code-related issues and further enhance its offerings.

10. Intelligent Mobility Operating System Funding

Teralytics, a Swiss-based technology firm, has raised $17.5 million in a funding round led by Robert Bosch Venture Capital and other investors. Teralytics aims to build the world's first intelligent mobility operating system, helping cities and transport services understand, predict, and improve journeys across all modes of transport. The funding will enable Teralytics to expand its reach and become a global marketplace for mobility insights.

11. Sports Video Technology Funding

WSC Sports Technologies, an Israel-based company, has raised $23 million in funding led by Maorin Tech Partners. WSC Sports leverages artificial intelligence and machine learning to analyze sports broadcasts in real time, generating customized video highlights for every player and team. The funding will be used to expand WSC Sports' services to new sports and double its workforce.

In conclusion, the AI industry continues to attract significant funding for innovative companies harnessing the power of artificial intelligence. These funding rounds are driving advancements in various fields, from workplace digital assistants and open-source software to personalized clinical support and intelligent mobility operating systems. With continued investment, the AI sector is poised for further growth and development.

Highlights:

• Workplace digital assistant start-up Capacity raises $13.2 million in series B funding.
• Open-source software company H2O.ai secures $72.5 million in funding.
• British biotech company Juvenessence raises $100 million in series B financing for healthy aging research.
• AI-powered platform Booy.Health raises $15 million in series B funding for personalized clinical support.
• OpenSpace, an AI-enabled company, raises $14 million in series A funding for construction site navigation solutions.
• Conversational AI technology company YUNA secures $51 million in Series C funding.
• NewsItWorks, an AI-based personalized service engine, raises $100 million in funding.
• Swiss start-up DeepCode raises $4 million in seed funding for machine learning systems for code reviews.
• Teralytics, a technology firm, raises $17.5 million for an intelligent mobility operating system.
• WSC Sports Technologies, an AI-powered sports video company, raises $23 million in funding.

FAQ:

Q: What is Capacity, and how much funding did it Raise? A: Capacity is a workplace digital assistant start-up that raised $13.2 million in series B funding.

Q: Who led the funding round for H2O.ai? A: The funding round for H2O.ai was led by Goldman Sachs and the Pink and Global Voyager Fund.

Q: What is the focus of Juvenessence, and how much funding did it secure? A: Juvenessence is a British biotech company focused on healthy aging research. It raised $100 million in series B financing.

Q: What does Booy.Health offer, and how much funding did it receive? A: Booy.Health provides personalized clinical support using advanced AI technology. It secured $15 million in series B funding.

Q: What is the primary offering of OpenSpace, and how much funding did it raise? A: OpenSpace offers AI-enabled navigable 360-degree photos of construction sites. It raised $14 million in series A funding.

Q: What is the specialization of YUNA, and how much funding did it raise? A: YUNA specializes in conversational AI technology and raised $51 million in Series C funding.

Q: What is NewsItWorks known for, and how much funding did it secure? A: NewsItWorks has built an AI-based engine for personalized service and raised $100 million in funding.

Q: What problem does DeepCode address, and how much funding did it raise? A: DeepCode expands machine learning systems for code reviews and raised $4 million in seed funding.

Q: What is the objective of Teralytics, and how much funding did it secure? A: Teralytics aims to build an intelligent mobility operating system and raised $17.5 million in funding.

Q: What does WSC Sports Technologies do, and how much funding did it receive? A: WSC Sports Technologies analyzes sports broadcasts using AI and ML to generate customized video highlights. It received $23 million in funding.