Fundings & Exits
Auto Added by WPeMatico
S&P Global snares Kensho for $550 million
S&P Global announced today that it will acquire Kensho, a Cambridge, Massachusetts startup that has concentrated on artificial intelligence and analytics for big financial institutions. The total value of the deal is $550 million in a mix of cash and stock. Kensho, which counted S&P Global as a client/partner and an investor, launched in 2013 and has raised $67.5 million, according… Read More
Powered by WPeMatico
Atomwise, which uses AI to improve drug discovery, raises $45M Series A
Atomwise, which uses deep learning to shorten the process of discovering new drugs, has raised a $45 million Series A. The round was led by Monsanto Growth Ventures, Data Collective (DCVC) and B Capital Group. Baidu Ventures, Tencent and Dolby Family Ventures, which are all new investors in Atomwise, also participated, as well as returning investors Y Combinator, Khosla Ventures and DFJ. Read More
Powered by WPeMatico
Voicera lands $13.5 million with help from big-time enterprise investors
It seems that everyone agrees that meetings are a time suck. There have been many attempts to use technology to make it easier to organize and run them, but Voicera, a Bay area startup, is attacking the problem from a different angle. It wants to make it simpler to record meetings and pull out action items automatically using artificial intelligence. Today, it announced a $13.5 million Series… Read More
Powered by WPeMatico
12 questions about the future of HQ trivia and its $15M fundraise
HQ is redefining mobile, creating through its twice-daily trivia games a sense of urgency that pierces the monotony of our social feeds. Now it’s raised a big round of funding to turn its scrappy operation into the Jeopardy from tomorrow. But just like its 12-round games, we’ve got 12 questions (and some answers) for HQ. Read More
Powered by WPeMatico
ELSA raises $3.2M for its A.I.-powered English pronunciation assistant
ELSA, an app whose name stands for “English Language Speech Assistant” (and not the popular Disney character!), has raised $3.2 million for its A.I.-assisted language learning platform that teaches people how to speak English. Unlike other courses that focus mainly on teaching grammar and vocabulary, ELSA uses artificial intelligence and speech recognition technology to help… Read More
Powered by WPeMatico
Grabr gets $8M to connect travelers with luggage space with those longing for products abroad
You might get to actually save money while you’re traveling if you just leave some free space in your bag — or not pay for that travel at all — if Daria Rebenok’s plan plays out. As avid travelers, and ones longing for products from home they can’t get abroad, she and Artem Fedyaev decided to start Grabr to work on exactly this problem. While you might not be… Read More
Powered by WPeMatico
Qualcomm is pushing back its pivotal shareholder meeting this week amid a regulatory review
Massive chipmaker Qualcomm, currently targeted by aggressive acquisition attempts by Broadcom, is now delaying a pivotal meeting with shareholders this week that would determine its fate going forward by at least a month to comply with regulators regarding the deal. The CFIUS — the Committee on Foreign Investment in the United States — has requested that Qualcomm delay the… Read More
Powered by WPeMatico
UiPath raising around $120M at $1B+ valuation for its ‘software robots’ for internal business tasks
The initial hype around bots — applications that run partly or entirely using natural language processing, machine learning, computer vision and other AI tech to help consumers ask and answer questions, buy things and get other stuff done — may have waned a bit, but a startup building the equivalent for the enterprise world, in a fast-growing field called robotic process automation,… Read More
Powered by WPeMatico
TickX, a U.K., Manchester-based startup that has developed a search engine and discovery platform for events and other “attractions” tickets, has raised £3 million in Series A funding. 
After raising $4.4 million last March, Virtualitics has closed a $7 million Series B round led by Centricus with participation from The VR Fund. The startup is building a sort of “Excel for VR,” that lets people see data in a more immersive and collaborative way.