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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.
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, for its part, has said privacy, security and ethics are important when it comes to AI.
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.
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.
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.
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.
Montreal-based Element AI has announced a new partnership with LG Electronics focused on a series of R&D programs related to artificial intelligence.
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.
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.