A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – ARTIFICIAL INTELLIGENCE
- Conviva, a CA-based provider of AI-based video analytics, raised $40M in funding led by Future Fund with participation from NEA (New Enterprise Associates), Foundation Capital, and Time Warner Investments. Link
- CrowdFlower, an SF-based company providing human-in-the-loop AI platform for data science and machine learning teams, raised $20M in venture capital funding round led by Industry Ventures, with participation from Salesforce Ventures and existing investors Canvas Ventures, Microsoft Ventures and Trinity Ventures. Link
- ChartSpan Medical Technologies, Inc., a Greenville, South Carolina-based provider of patient care coordination services, raised a $16M in venture capital funding round led by Cypress Growth Capital and included existing investors. Link
- CognitiveScale, a Texas-based provider of machine intelligence software, raised $15M in funding from Norwest Venture Partners, Intel Capital, Microsoft Ventures, The Westly Group and USAA. Link
- Highspot, a Seattle-based provider of sales engagement platform, raised $15M in Series B round of funding led by Shasta Ventures, with participation from Salesforce Ventures and existing investor Madrona Venture Group. Link
- Snips, the provider of a development platform for the voice-based virtual assistant, raised $13M in Series A round of funding led by Korelya Capital and MAIF Avenir with participation from BPI France and Eniac Ventures. Link
- Automat, a Montreal, Canada-based provider of AI-driven conversational marketing platform, raised $8.3M in Series A round funding led by the You & Mr Jones with participation from Comcast Ventures and Omidyar Technology Ventures, Relay Ventures, Real Ventures, and USAA. Link
- VoxelCloud, an LA-based provider of automated medical image analysis solution, raised $8M in Series A round of funding led by Sequoia Capital. Link
- Workey, an Israel-based provider of an AI-powered solution for career development and recruitment, raised $8M in Series A round of funding from Pico Partners and Magma VC. Link
- Tractable, a London-based provider of visual analysis solutions for multiple industries, raised $8M in Series A round of funding led by Ignition Partners, with participation from Zetta Venture Partners, and other individual investors. Link
- Merlon Intelligence, an SF-based provider of an AI-powered platform for risk management and compliance for financial services companies, raised $7.65M in a Seed round of funding led by DCVC with participation from Fenway Summer, Nyca, and Work-Bench. Link
- Citrine Informatics, a California-based provider of AI based Materials Informatics platform, raised $7.6M in Series A round of funding led by Eric Schmidt’s Innovation Endeavors, DCVC (Data Collective), and Prelude Ventures with participation from AME Cloud Ventures and XSeed Capital. Link
- Viz, an AI-powered medical imaging diagnosis solution provider, raised $7.5M in Seed round of funding led by DHVC (Danhua Capital), Innovation Endeavors and participated by AME Cloud Ventures. Link
- People.ai, an SF-based maker of an AI-powered sales force management and evaluation platform, raised $7M in Series A round of funding led by Lightspeed Venture Partners with participation from Index Ventures and Shasta Ventures and existing investors Y Combinator and SV Angel. Link
- Rulai, a provider of customer experience chatbot, raised $6.5M in Series A round of funding led by GSR Ventures and participated by Eight Roads Ventures China, the venture arm of FIL, or Fidelity Growth Partners, and ZhongWei Capital. Link
- Cisco acquires conversational AI startup MindMeld for $125M to enhance its collaboration suite. The company plans to add new conversational interfaces to its collaboration products starting with Cisco Spark. Link
- Nutonian, a developer of an AI-powered data science platform for model building, got acquired by DataRobot, a leader in automated machine learning modelling. Link
- RAVN Systems, a UK-based provider of AI based Enterprise productivity solutions got acquired by iManage, the leading provider of Work Product Management solutions. Link
- Interactions, a leading provider of Intelligent Virtual Assistants for enterprise customer care, acquired Digital Roots, a pioneer in AI-based social media customer engagement. Link
SOME INTERESTING STARTUPS FOUND
Ulzard Technologies (2017, Copenhagen) – Application to automatically create code from screenshots.
Jask (2016, SF) – Provides predictive analytics platform for cyber security.
AiBabel (2017, Haidian) – Develops a device for voice based real-time language translation.
LEADER BOARD – ARTIFICIAL INTELLIGENCE
Infrastructure – Machine Intelligence Systems
MIS – Machine Learning Platform
Sentient (2007, SF, $144M) – Provides distributed AI on large scale systems for finance and medical sectors. Backed by Tata Group, Access Industries, and Horizon Ventures.
H2O.ai (2012, Mountain View, $31M) – Provides an open source machine learning platform for pattern detection and prediction. Backed by Nexus Venture Partners, Transamerica Ventures, Paxion Capital Partners and others.
MIS – Data Science Platform
Data Robot (2012, Boston, $111M) – Provides a machine learning platform that helps enterprises build predictive models at speed. Backed by IA Ventures, NEA, Atlas Venture, Intel Capital, TechStars, Recruit Strategic Partners, Right Side Capital Management, New York Life Insurance, Accomplice.
Skytree (2012, San Jose, $19M) – Provides an advanced enterprise-grade Machine Learning platform. Backed by Javelin Venture Partners, United Parcel Service, U.S Venture Partners, Plug and Play Tech Center, Osage University Partners and In-Q-Tel.
MIS – Artificial General Intelligence
Vicarious (2010, SF, $72M) – Provides machine learning software based on neocortex learning. Backed by Samsung, Khosla Ventures, ABB Group, AME Cloud Ventures, Founders Fund, Felicis Ventures, Data Collective and others.
DeepMind (2011, London, $50M, Acq.) – Develops deep reinforcement learning based artificial general intelligence solutions. Backed by Founders Fund, Horizons Ventures, and others. Acquired by Google for $500M in 2014.
Infrastructure – Natural Language Processing
NLP – Speech Solutions
SoundHound (2005, Santa Clara, $115M) – Developer of speech recognition technology and mobile apps. Backed by Samsung, KPCB, Felicis Ventures, NVIDIA, Plug and Play Tech Center, Walden Venture Capital, Amidzad Partners, Western Technology Investment, TransLink Capital, Global Catalyst Partners, Nomura Holdings, Recruit Holdings, SharesPost, Pejman Mar Ventures, Naver, Sompo Japan Nipponkoa Insurance.
Unisound (2012, Beijing, $68M) – Provides Voice recognition and language processing technology. Backed by Qualcomm Ventures and Qiming Venture Partners.
NLP – Text Solutions
Cortical (2011, Vienna, $5M) – Provides text analytics solutions. Backed by Open Field Capital and Reventon.
Indico Data Solutions (2013, Boston, $4M) – Provides deep learning based text analytics solutions. Backed by406 Ventures, General Catalyst Partners, Rough Draft Ventures, Techstars, Boston Seed Capital, Two Sigma Ventures, Right Side Capital Management.
NLP – NLP Platforms
Nuance Communications (1992, Burlington, IPO) – Provides various linguistic solutions including speech recognition, OCR, dictation, speech analytics, virtual assistant, etc. Backed by Intel, Mayfield, Rembrandt Venture Partners, Goldman Sachs, Morgenthaler, U.S Venture Partners, Motorola, Asset Management Ventures, Alloy Ventures, Attractor Ventures, Canvas Ventures, F-Prime Capital Partners. IPO in 2000.
Expert System (2000, Modena, IPO) – Provides semantic business intelligence solutions. Backed by IMI Fondi Chiusi SGR. IPO in 2014.
Infrastructure – Computer Vision
Computer Vision – Face Recognition
Megvii (2011, Beijing, $145M) – Provides deep learning based APIs for face recognition, image recognition, image classification, etc. Backed by Sinovation Ventures, Qiming Ventures, Foxconn Electronics, Legend Star, Ant Group, Comet Labs.
Affectiva (2009, Waltham, $34M) – Provides deep learning based emotion detection technology. Backed by WPP, KPCB, Horizons Ventures, Fenox Venture Capital, National Science Foundation, Myrian Capital and Kantar.
Computer Vision – Object Recognition
Clarifai (2013, NYC, $41M) – Deep learning based image & video recognition API provider. Backed by Union Square Ventures, Qualcomm Ventures, New York University, NVIDIA, GV, Menlo Ventures, Lux Capital, Osage University Partners, Osage Partners, LDV Group, LDV Capital, Corazon Capital.
Cortica (2007, Ramat Gan, $38M) – Provides visual search and in-image analysing technology. Backed by Horizons Ventures, Mail.Ru Group.
Computer Vision – Computer Vision Platform
SenseTime (2014, Hong Kong, $190M) – Provides face recognition APIs which developers can apply to their own websites or mobile Apps. Backed by IDG Capital Partners, CDH Investments and Dalian Wanda Group.
eyeSight (2005, Herzliya, $33M) – Provides gesture and motion tracking technology. Backed by Ceva, Mitsui & Co. Global Investment, InterCapital, BIRD Foundation, Kuang-Chi Group and MAC Fund.
Infrastructure – Autonomous Systems
CloudMinds (2015, Shenzhen, $130M) – Provides autonomous robot enablers. Backed by Walden International, Shenzhen Capital Group, SBCVC, Foxconn Electronics, Venustech, Keytone Ventures, Bojang Capital Management, Kaixuan Capital.
Neurala (2006, Cambridge, $16M) – Develops software for drone and robot autonomy. Backed by Motorola Solutions, Techstars, Orkos Capital, Pelion Venture Partners, SK Ventures, 360 Capital Partners, Right Side Capital Management, Idinvest Partners, Robolution Capital, Sherpa Capital, Draper Associates, Haiyin Capital.
NetraDyne (2015, Bangalore, $16M) – Provides deep-learning-based computer vision platform for drone and automotive navigation. Backed by Reliance Industries.
Infrastructure – Enabling Technologies
Enabling Technologies – Hardware
Mobileye (1999, Jerusalem, IPO, Acq.) – Develops computer vision-based processor for advanced driver assistance systems (ADAS). Backed by Fidelity Investments, Goldman Sachs, Motorola Solutions, BlackRock, Enterprise, Colmobil Corp., The Delek Group, Eldan Car Rental, First International Bank of Israel, Wellington Management, Sailing Capital. Acquired by Intel for $15.3B in 2017.
KnuEdge (2005, San Diego, $100M) – Provides voice biometric and neural computing technology solutions. Backed by Hasso Plattner Ventures.
Enabling Technologies – Software
Trifacta (2012, SF, $76M) – Provides data preparation solutions. Backed by Accel Partners, Greylock Partners, Infosys, XSeed Capital, Data Collective, Ignition Partners, Cathay Capital, Milliways Ventures, Cathay Innovation.
Mighty AI (2014, Seattle, $27M) – Provides Training Data as a Service for AI algorithms. Backed by Accenture, NEA, Foundry Group, Intel Capital, GV, Madrona Venture Group.
Applications – Enterprise
Enterprise – BI & Analytics – Business Intelligence
Palantir (2004, Palo Alto, $2.3B) – Intelligence products to augment human-driven analysis for critical government, commercial and non-profit institutions. Backed by Founders Fund, In-Q-Tel, 137 Ventures, ARTIS Ventures, Glynn Capital Management, Reed Elsevier Ventures, Ulu Ventures, Mithril Capital Management, Benjamin Ling, Keith Rabois, Jeremy Stoppelman.
Ayasdi (2008, Palo Alto, $108M) – Machine Intelligence platform for insight discovery from large data sets. Backed by Floodgate, Citibank, General Electric, Institutional Venture Partners, Khosla Ventures, Kleiner Perkins Caufield & Byers, Draper Nexus, Centerview Capital Technology.
Enterprise – BI & Analytics – Social Media Intelligence
Dataminr (2009, NYC, $175M) – Products for real-time extraction of insights from social media data aimed at Media, Finance, and Government sectors. Backed by Carissa St Clair, Box Group, Venrock, Institutional Venture Partners, GSV Capital, Deep Fork Capital, Fidelity Investments.
NetBase (2004, Mountain View, $87M) – Provides AI-based social media monitoring platform. Backed by SAIF Partners, SAIF Partners China, Western Technology Investment, WestSummit Capital, Thomvest Ventures, MMV Financial, In-Q-Tel, ORIX Ventures, Spring Lake Equity Partners, Altos Ventures.
Enterprise – Security & Surveillance
Cylance (2012, Irvine, $177M) – Next generation antivirus, Cylance Protect which combines pre-detection, machine learning, and secure design lifecycle solutions. Backed by Khosla Ventures, Fairhaven Capital Partners, Blackstone Group, Dell Ventures, Capital One Financial Corp, DFJ Growth.
Darktrace (2013, Cambridge, $105M) – Enterprise immune systems solutions powered by Bayesian mathematics and machine learning. Backed by Summit Partners, SoftBank, KKR, Hoxton Ventures, Talis Capital, Invoke Capital, Ten Eleven Ventures, Isomer Capital.
Enterprise – Marketing
Bloomreach (2009, Mountain View, $97M) – Customer Analytics and site optimisation Intelligence Platform based on machine learning. Backed by Bain Capital Ventures, Chris P.C., New Enterprise Associates, Lightspeed Venture Partners.
Persado (2012, NYC, $66M) – Provides machine learning based Marketing Optimization platform. Backed by American Express, Goldman Sachs, Bain Capital Ventures, Citi, Eastward Capital Partners, StarVest Partners, TLcom Capital.
Enterprise – Sales
InsideSales (2004, Provo, $251M) – Predictive and Prescriptive self-learning cloud-based platform for sales lead management. Backed by Hummer Winblad Venture Partners, US Venture Partners, Zetta Venture Partners, EPIC Ventures, Kleiner Perkins Caufield & Byers, Polaris Partners, Salesforce, Microsoft.
EverString (2012, San Mateo, $79M) – Predictive analytics platform which helps B2B companies to identify and engage sales leads and new clients. Backed by Danhua Capital, IDG Capital Partners, and others.|
Applications – Industry
Industry – Healthcare & Pharma
Modernizing Medicine (2010, Boca Raton, $329M) – Provides machine learning enabled electronic health records (EHR) system. Backed by IBM, Summit Partners, Silicon Valley Bank, Warburg Pincus, Pentland, Sands Capital, Sands Capital Ventures.
iCarbonX (2015, Shenzhen, $215M) – Platform to analyze omic data. Backed by Tencent, China Bridge Capital, Zhongyuan Union Stem Cell Bioengineering.
Industry – Fintech
Kreditech (2012, Hamburg, $281M) – Provides machine learning enabled alternative lending solutions. Backed by IFC, Kreos Capital, Rakuten, Point Nine Capital, Amadeus Capital, Blumberg Capital, Victory Park Capital, Global Founders Capital, J.C. Flowers & Co. LLC, Global Founders Capital, Varde Partners, HPE Growth Capital, PayUbiz, Digital Pioneers.
PayEgis (2011, Suzhou, $165M) – Provides AI enabled fraud and risk management solutions. Backed by China Equity Group.
Industry – Transport
Zoox (2013, Menlo Park, $290M) – Stealth mode robo taxi startup. Backed by Draper Fisher Jurvetson, Lux Capital, Blackbird Ventures, AID Partners.
Cruise Automation (2013, SF, $18M, Acq.) – Developing advanced driver assistance systems(ADAS). Backed by Y Combinator, Qualcomm Ventures, Spark Capital, Felicis Ventures, Signia Venture Partners, Draper Associates, Homebrew, Maven Ventures, Draper Associates. Acquired by General Motors for $1B in 2016.
Industry – Retail & eCommerce
Blippar (2011, London, $99M) – Provide image recognition and augmented reality technology for retail industry. Backed by Qualcomm Ventures, Lansdowne Partners, Khazanah Nasional.
Trax Retail (2010, Tel Aviv, $84M) – Provides image recognition application for retail analytics. Backed by Investec.
Industry – Advertising
RocketFuel (2008, Redwood City, IPO) – Programmatic media-buying platform that harnesses the power of artificial intelligence to predict the right time for placement of an ad. Backed by Mohr Davidow Ventures, Labrador Ventures, Wilson Sonsini Goodrich & Rosati, DLA Piper, MF Capital, Nokia Growth Partners, Northgate Capital, Summit Partners, Cross Creek Capital, Comerica Bank. IPO in 2013.
QuantCast (2006, SF, $62M) – Provides a data intelligence platform, utilizing big data and machine learning to provide advertising solutions. Backed by Founders Fund, Glynn Capital Management, Polaris Partners, and others.
Industry – Education
Knewton (2008, NYC, $157M) – Adaptive learning technology provider for personalized learning. Backed by Accel Partners, First Round Capital, Bessemer Venture Partners, FirstMark Capital, Founders Fund, Pearson, Atomico, GSV Capital, Silicon Valley Bank.
Declara (2012, Palo Alto, $30M) – Social learning platform which connects people to a large amount of content using machine learning algorithms. Backed by Founders Fund, Data Collective, EDB Investments.
Industry – Agriculture
The Climate Corporation (2006, SF, $109M, Acq.) – Integrated platform providing hardware and software for farm and weather data analytics. Backed by Founders Fund, Google Ventures, New Enterprise Associates, CODE Advisors, Allen & Company, Anthemis Group, Felicis Ventures, Glynn Capital Management, Khosla Ventures, SV Angel, Joshua Schachter, Howard Morgan, Index Ventures. Acquired by Monsanto for $930M in 2013.
BlueRiverTechnologies (2011, Sunnyvale, $30M) – Provides hardware which uses computer vision and robotics in fields for yield optimization, elimination of weeds and unwanted plants. Backed by Khosla Ventures, Innovation Endeavors, Data Collective, Stanford A&E, Ulu Ventures.
Industry – Legal
FiscalNote (2013, Washington D.C., $28M) – Real-time government regulations analysis platform. Backed by NEA, AME Cloud Ventures, University of Maryland, Dorm Room Fund, Plug, and Play Tech Center, Middleland Capital, Winklevoss Capital, Renren, Conversion Capital, GIC, Green Visor Capital, Visionnaire Ventures, 645 Ventures, SF Capital, Fresh, QueensBridge Venture Partners, Perle Ventures, Enspire Capital.
Casetext (2013, Palo Alto, $21M) – Provides AI enabled legal research platform. Backed by Y Combinator, SV Angel, Union Square Ventures, Crosslink Capital, A-Grade Investments, Formation 8, Susa Ventures, Canvas Ventures, Red Sea Ventures, BoxGroup, 8VC.
Applications – Consumer
Consumer – Virtual Assistant
Viv Labs (2012, San Jose, $30M, Acq.) – Developing advanced conversational interfaces and assistants. Backed by Horizons Ventures, Pritzker Group, Iconiq Capital, the OS Fund. Acquired by Samsung in 2013.
Siri (2007, San Jose, $24M, Acq.) – Intelligent virtual assistant that has a natural language interface to answer questions, make recommendations and perform actions by delegating requests to web services. Backed by Morgenthaler Ventures, Menlo Ventures, SRI International, Horizons Ventures. Acquired by Apple in 2010.
Consumer – Intelligent Devices
Roobo (2014, Beijing, $100M) – Develops intelligent robots, VR and UAVs. Backed by iFLYTEK.
Jibo (2012, Boston, $68M) – Develops intelligent social robot. Backed by Charles River Ventures, Flybridge Capital Partners, RRE Ventures, Fenox Venture Capital, Fairhaven Capital, Formation 8, Osage Partners, Acer, KDDI Corporation, LG U Plus, Samsung Venture Investment, Global Brain, Netposa Technologies, Dentsu Ventures.
Consumer – Recommender Systems
SwiftKey (2008, London, $21M, Acq.) – Provides predictive keyboard application for mobile. Backed by Accel Partners, Index Ventures, Octopus Ventures, Cambridge Capital Group, Octopus Investments. Acquired by Microsoft in 2016 in $250M.
Notion (2014, Ann Arbor, $10M) – Mobile application for eMail Inbox optimization for iOS and Android. Backed by Accel Partners, Silicon Valley Bank, Hyde Park Venture Partners, Drive Capital.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
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