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In recent years, the developing harvests of new companies benefiting from synthetic intelligence and other complex technologies have increased dramatically. As a result, venture capital financing and investments in these new companies are traditionally sound year after year. Despite the slowness of venture capital agreements due to this year’s COVID-19 crisis, interest in AI financing is developing.
Let’s review the major investments and funding in synthetic intelligence by August 2020.
Amount financed: $123 million
Transaction Type: Series B
Main investor(s): B Capital Group, Sanabil
Atomwise, a San Francisco, California-based startup that uses synthetic intelligence to stimulate drug discovery, has raised $123 million in a B-Series investment circular. This financing circular was conducted through B Capital Group and Sanabil Investments, with recurring investors DCVC, BV, Tencent, Y Combinator, Dolthrough Family Ventures and AME Cloud Ventures. The company reportedly plans to use the new budget to further expand the largest artificial intelligence-based drug discovery portfolio in history and expand its portfolio of transactions of more than US$5 billion for the discovery of small molecule drugs.
Amount financed: $100 million
Transaction Type: D Series
Main investor(s): Stripes
Dataiku, a centralized knowledge platform founded in New York, that takes corporations through their knowledge adventure from large-scale analytics to business artificial intelligence. On August 24, the company earned $100 million as a component of a D-Series finance circular that will allow it to expand its platform and offerings for this global acceleration of business artificial intelligence efforts. Led through Stripes with Tiger Global Management, which joins existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ, this investment comes at a time when many customers are finding more prices than ever in Dataiku’s offerings.
Amount financed: $40 million
Transaction Type: Series B
Principal Investor(s): Venture Capital with Capital Potential, Fiscus Ventures, Reinvented Ventures
Exo is a medical device start-up that develops portable ultrasound and artificial intelligence devices for imaging and healing applications. On August 20, the company closed an additional $40 million Series B investment for its AI-based ultrasonic generation. Exo raised its initial B Series investment from US$35 million in August 2019. According to the company, the new fund will be used for studies and progression of its generation of micromechanical piezoelectric ultrasound transducers and AI-based software.
Amount financed: $17 million
Transaction Type: Series B
Main Investor(s): Wistron Corporation
iKala, one of Asia’s leading human-centric artificial intelligence corporations founded in Taiwan, offering a visitor engagement and engagement platform based on synthetic intelligence. The company recently sealed a Series B financing cycle of US$17 million, bringing its overall financial valuation to $30.3 million. The tour was conducted through Wistron Digital Technology Holding Company, the electronics manufacturer’s investment arm, with a greater share of returning investors Hotung Investment Holdings Limited and Pacific Venture Partners. iKala will use the new fund to expand into new markets such as Indonesia and Malaysia, and expand into markets where it already operates, adding Singapore, Thailand, Hong Kong, the Philippines, Vietnam and Japan.
Amount financed: $4.3 million
Type of transaction: Risk round
Main investor(s): Bullpen Capital
Octane AI, a real-time marketing platform that allows brands to run marketing campaigns on Facebook Messenger, SMS and on the site. As it develops the generation that each and every trader and business can use for the visitor to enjoy and increase sales and revenue, the company has earned US$4.24 million in a strength tour, led by Bullpen Capital with an additional stake in General Catalyst Partners. , Boost VC, FJ Labs and others. Merchants use Octane’s AI to connect, convert and retain consumers by customizing the visitor’s adventure and giving them the confidence to shop.
Amount financed: $2 million
Transaction type: initial financing
Main investor(s): Builders VC, EPIC Ventures
SewerAI, which uses synthetic intelligence, computer vision and a cloud workflow platform to stumble upon pipeline defects, earned $2 million as a component of an initial investment cycle. Directed through Builders VC and EPIC Ventures, the company uses this new AI fund to analyze sewer infrastructure flaws. SewerAI’s state-of-the-art synthetic intelligence and cloud software, AutoCode ™, upgrade components, and accelerate sewer infrastructure inspections.
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