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Deep Genomics raises $40 million Series B for AI drug discovery platform(BETAKIT)
Toronto-based AI therapeutics startup Deep Genomics has closed a $40 million Series B. This brings the company’s total funding to-date to $61 million.
30 Under 30-Founded Evisort announces $15 mllion Series A(FORBES)
Microsoft’s Venture Fund M12 led the $15M Series A round for AI startup Evisoft, an AI-powered contract management platform that extracts key data from legal documents. The funding will also be used towards launching a new R&D office in Canada.
Lily AI raises a $12.5M Series A led by Canaan to accelerate its e-commerce recommendation tech(TECHCRUNCH)
Prior to its Series A, Lily had raised just a few million, according to Crunchbase data.
Samsung’s Neon AI has an ethics problem, and it’s as old as sci-fi canon(CNET)
Samsung, for its part, has said privacy, security and ethics are important when it comes to AI.
Corvus raises $32 million to inject AI into insurance products(VENTUREBEAT)
Corvus expanded its footprint to all major U.S. regions recently, and in anticipation of further growth, it’s secured a large tranche of venture cash.
Today in cohorts: Safe X Connected Cities Accelerator, 7 Gate Academy(BETAKIT)
Two Canadian programs have recently announced that new companies or individuals are joining their ranks. Here’s the latest on Canadian tech cohorts.
Salamanca-based Beonprice raises €2.5 million to boost its AI-driven revenue tool for hotels(EUSTARTUPS)
Spanish startup Beonprice announced the closure of a Series A funding round of €2.5 million, with venture capital fund Adara Ventures as the lead investor.
Soul Machines raises $40 million for AI-powered customer-facing digital avatars(VENTUREBEAT)
The infusion brings Soul Machines’ total raised to nearly $50 million, following a $7.5 million series A in November 2016, and Cross says it’ll fuel geographic expansion with a focus on R&D.
Delta Air Lines bets on AI to help its operations run smoothly in bad weather(TECHCRUNCH)
The new platform will go online in the spring of this year, the company says, and, like most of today’s AI systems, will get smarter over time as it is fed more real-world data.
Element AI partnering with LG Electronics to co-develop AI solutions, products(ELEMENTAI)
Montreal-based Element AI has announced a new partnership with LG Electronics focused on a series of R&D programs related to artificial intelligence.
Cardiologs raises $15 million for AI that helps spot heart conditions(VENTUREBEAT)
The round was led by Paris-based venture capital (VC) firm Alven, which touts its credentials for helping French-founded startups expand into the U.S.
OrCam announces new AI-enabled device for hearing impairment(TECHCRUNCH)
In addition to being able to point at text and signs to read text aloud, recognize faces and identify objects and money notes, you’ll be able to let the device guide you.