Artificial Intelligence

October 26, 2023 @ 2:28 pm By JD Alois  |  

OurCrowd, a global online investment platform allowing investors to access early-stage investments alongside big-name VCs, has announced a new Artificial Intelligence (AI) fund. On OurCrowd, smaller (accredited) investors may back promising young firms from Israel and around the world. OurCrowd also has a roster of… Read More

October 24, 2023 @ 10:09 pm By Omar Faridi  |  

Jumio, the provider of automated, end-to-end identity verification, risk assessment and compliance solutions, today unveiled at Money20/20 USA Jumio 360° Fraud Analytics, its new fraud-fighting technology that uses AI-driven predictive analytics to identify fraud patterns with more sophistication and accuracy than ever before. According to… Read More

October 23, 2023 @ 8:38 pm By Omar Faridi  |  

Even as the initial hype around AI-specific stocks cools off, investors are still buying into the technology as a market-driver. New data from the latest Retail Investor Beat survey from trading and investment platform eToro finds “that one in four (26%) American investors consider digital… Read More

October 23, 2023 @ 2:26 pm By Omar Faridi  |  

Procurify, the all-in-one spend management solution for mid-market organizations, has raised $50 million USD in a Series C funding round led by Ten Coves Capital, with co-investment “from Export Development Canada (EDC) and participation from existing investors including Information Venture Partners and HarbourVest, et al.”… Read More

October 21, 2023 @ 4:32 am By Omar Faridi  |  

Founders are discussing cyber insurance more than ever, with 83% talking to their investors and boards about cyber protection often or always — a 42% increase year-over-year. The report, titled “Cyber Risk Index: Startup Edition 2023” comes from Embroker, the digital platform making it simple… Read More

October 20, 2023 @ 5:54 pm By Omar Faridi  |  

Extend has announced the launch of AI-powered automatic receipt matching via its spend management platform. The new feature allows users “to email or upload receipt images into the Extend app, where those images are then automatically matched to their corresponding transactions.” Coupled with Extend’s receipt… Read More

October 19, 2023 @ 9:59 pm By Omar Faridi  |  

Nubank (NYSE:NU) is starting to test this week a new solution that applies generative artificial intelligence as a virtual assistant to further enhance customer service. In this initial stage, the AI solution will “focus on presenting personalized possibilities related to credit granting within the Nubank… Read More

October 19, 2023 @ 2:35 pm By Omar Faridi  |  

AirPak, which claims to be a leader in remittance services across Central America, is proud to announce its partnership with ThetaRay, a key player focused on AI-powered transaction monitoring solutions. ThetaRay is an OurCrowd portfolio company that has raised over $23 million on the investment… Read More

October 12, 2023 @ 9:08 am By Omar Faridi  |  

Klarna, the AI-powered global payments network and shopping assistant has unveiled a treasure-trove of 13 new products as part of its Spotlight Fall launch. Shopping lens, the flagship new feature, “allows shoppers to take a picture of things and styles in their surroundings, instantly find… Read More

October 11, 2023 @ 10:18 pm By Michael Wong  |  

Greylock, a global venture capital investor well known for backing major tech firms such as Airbnb, Coinbase, and Meta, has announced the launch of its 17th fund, with $1 billion in total corpus. The fund, Greylock 17, will focus on Pre-Seed, Seed, and Series A… Read More

October 10, 2023 @ 5:44 pm By Omar Faridi  |  

Point Predictive, the firm focused on AI-powered fraud solutions for the auto lending industry, has joined forces with Metro Jobber’s, Inc., a wholesale automotive distributor, to tackle the growing issue of auto loan fraud in the Detroit Metropolitan area. This strategic partnership is set “to… Read More

October 8, 2023 @ 6:26 pm By Omar Faridi  |  

Digital identity verification is a term that is rapidly evolving and often is given different definitions. Juniper Research considers digital identity to be: ‘A digital representation of an entity; this can be one or more individual pieces of identifying data, an event, or a signal… Read More

October 5, 2023 @ 10:26 pm By Omar Faridi  |  

Vyzer, a digital wealth management platform, has successfully raised a Seed round of $6.3 million from leading VCs, angel investors, and family offices including iAngels, Guy Gamzu, MonetaVC, Jonathan Kolber and Rafi Gidron. Leveraging AI technology, Vyzer transforms data “into potent wealth-building strategies and grants… Read More

October 5, 2023 @ 6:58 am By Omar Faridi  |  

Building upon its passwordless authentication expertise, HYPR announced the unified solution for securing the modern identity lifecycle, providing organizations with complete confidence that an individual is who they claim to be at all times. The new solution reportedly “combines the strongest modern authentication capabilities with… Read More

October 4, 2023 @ 11:11 am By Omar Faridi  |  

Intesa Sanpaolo, Italy’s bank and reportedly among the “largest” in Europe, has chosen iGenius – a company that applies its generative AI technology to business intelligence (BI) – to implement its BI solutions. iGenius is a platform that “simplifies access to data using natural language,… Read More

October 3, 2023 @ 8:17 am By Omar Faridi  |  

Visa (NYSE: V), a global firm focused on payments, announced a new $100 million generative AI ventures initiative in order “to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments.”… Read More

October 1, 2023 @ 11:58 pm By Omar Faridi  |  

France-based Mistral AI recently revealed its first generative artificial intelligence (AI) model in order to compete with US rivals in AI (which includes Meta Platforms Inc. and Microsoft Corportation-supported OpenAI). The Paris-headquartered firm is introducing a small-scale language model with around 7 billion parameters which… Read More

September 28, 2023 @ 10:59 am By Michael Wong  |  

OpenAI, the company behind ChatGPT, is considering selling existing shares at a much higher valuation to investors, according to a report by the Wall Street Journal. The report said the deal could value OpenAI, which is backed by Microsoft, at between $80 billion and $90… Read More

September 27, 2023 @ 1:07 am By Omar Faridi  |  

Ocrolus, a firm focused on AI-driven financial document automation, announced the launch of an enhanced dashboard for mortgage lenders featuring the ability to automate income calculations for both traditional and self-employed borrowers. The solution combines three trusted Ocrolus capabilities – Classify, Capture and Analyze –… Read More

September 23, 2023 @ 11:15 am By Omar Faridi  |  

Exabeam, a global cybersecurity firm that created New-Scale SIEM for advancing security operations, and a 2023 Google Cloud Technology Partner of the Year for Security – Analytics, announced it is expanding its partnership with Google Cloud in “the development of generative artificial intelligence (AI) models… Read More