Tagged: ai

April 20, 2023 @ 3:59 pm By Omar Faridi  |  

Trullion, a provider of corporate accounting software, announced the completion of $30m in financing to accelerate its growth and expand its product offerings. The financing reportedly “includes $15 million from its initial Series A round led by Third Point Ventures, and an additional $15 million,… Read More

April 19, 2023 @ 6:54 pm By Omar Faridi  |  

Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), launched MooGPT – a collection of new capabilities built using large language models and proprietary data. MooGPT uses reinforcement learning techniques “to deliver a real-time conversational experience to appointed agents and active policyholders… Read More

April 18, 2023 @ 7:42 am By Omar Faridi  |  

Capitola, the digital marketplace for commercial insurance that connects brokers and carriers and uses AI-based risk appetite matching to streamline the placement process, today announced it has raised $15.6 million in its Series A funding round. Led by Munich Re Ventures, this investment round will… Read More

April 17, 2023 @ 10:19 pm By Omar Faridi  |  

ForwardAI, a fintech providing aggregated access to accounting and business data and analysis, announces that it has successfully completed its Service Organization Control (SOC) 2 Type II certification. The SOC 2 Type II audit, “completed by Sensiba San Filippo LLP, further validates ForwardAI’s commitment to… Read More

April 12, 2023 @ 10:38 pm By Omar Faridi  |  

Paymerang, LLC, an innovator in accounts payable automation, announced the asset acquisition of KwikTag, an invoice automation provider for Microsoft Dynamics ERP systems, and the share acquisition of Sypht, an Australia-based AI data platform. The acquisition was completed on April 3, 2023. This is the… Read More

April 11, 2023 @ 7:37 pm By Omar Faridi  |  

Hyperscience, the most “accurate” Intelligent Document Processing Platform, recently announced that it is “on track to surpass one billion processed documents for the U.S. Government in 2023.” This milestone demonstrates Hyperscience’s ability “to unlock valuable data with unrivaled accuracy for Federal clients, including The Social… Read More

April 10, 2023 @ 8:27 am By Omar Faridi  |  

Canadian Web3 investment firm BitValue Capital announces a strategic partnership with IOST through a USD 10 million long-term investment aimed at “enhancing IOST’s mainnet capabilities and supporting the continuous development of its ecosystem.” BitValue Capital will also “play an advisory role,” helping IOST with the… Read More

April 10, 2023 @ 6:27 am By Omar Faridi  |  

Quantexa, a global firm focused on Decision Intelligence (DI) solutions for the public and private sectors, announced today that it has completed a $129 million Series E funding round. The latest investment round “secures the British tech company’s unicorn status with a valuation of $1.8… Read More

April 8, 2023 @ 10:36 am By Omar Faridi  |  

Banco Santander (NYSE: SAN) and Microsoft (NASDAQ: MSFT) are teaming up with Oxentia Foundation in order to launch a new global challenge for entrepreneurs from 11 countries. The challenge aims “to find innovative artificial intelligence solutions that will have a positive impact to address social… Read More

April 5, 2023 @ 10:00 pm By Omar Faridi  |  

Finance Incorporated Limited, a gateway provider of electronic money services, announced today it has selected ThetaRay AI-powered transaction monitoring technology to further “strengthen its AML framework and grow business alongside increasing volumes of transaction data.” The agreement with ThetaRay “to implement the SaaS-based SONAR AI… Read More

April 4, 2023 @ 11:52 am By Omar Faridi  |  

Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, today announced the launch of Lemonade Car in Oregon, marking the fifth state where the full suite of Lemonade insurance products are available. As a state known for its environment-friendly ways and… Read More

April 4, 2023 @ 10:17 am By Omar Faridi  |  

Fourthline, the RegTech that provides AI-powered and compliant KYC and AML solutions, has raised €50 million from new and existing institutional investors. The Fourthline platform “provides banks and financial services providers with a complete suite of proprietary tech products that adhere to local KYC, AML… Read More

April 3, 2023 @ 12:27 pm By Omar Faridi  |  

Covéa, the car insurer in France with 10.7 million vehicles insured by its French brands MAAF, MMA and GMF, announces the use of Tractable‘s artificial intelligence technology “to accelerate claims processing nationwide in France.” Covéa has been working with Tractable since 2016 “to simplify claims… Read More

April 3, 2023 @ 11:27 am By Omar Faridi  |  

CSI, a provider of end-to-end fintech and regtech solutions, announced today it has partnered with Hawk AI, a global provider of anti-money laundering (AML) and fraud prevention technology for banks and payment companies, “to deliver its latest products, WatchDOG Fraud and WatchDOG AML.” The products’… Read More

April 3, 2023 @ 4:17 am By Omar Faridi  |  

FedML announced $6 million in funding to spearhead a “collaborative AI” movement that empowers companies and developers to work together on machine learning tasks by sharing data, models and compute resources – “fueling waves of AI innovation beyond the largest technology companies.” To meet that… Read More

April 3, 2023 @ 3:51 am By Omar Faridi  |  

Climate and fintech company Agreena, whose soil carbon platform is one of the largest globally, announced its Series B raise of €46M. Led by Germany’s multi-stage investor HV Capital, the investment round “has an exciting composition of new investors including impact fund AENU and fintech-focused… Read More

April 3, 2023 @ 12:39 am By Omar Faridi  |  

Confluent Co-Founder and Board Member Neha Narkhede and former Meta engineering executive Sachin Kulkarni announced the launch of their newest company, Oscilar, with the goal of “solving one of the biggest challenges facing businesses and consumers: how to protect online transactions from fraud and theft.”… Read More

March 29, 2023 @ 6:53 pm By Omar Faridi  |  

Mars Growth Capital and Liquidity Group, a technology firm that has become the industry’s “fastest-growing” lender to mid-market, late-stage companies globally by automating the entire debt lending cycle, announced a $30M funding deal with Fashinza, an AI-driven B2B marketplace for global fashion supply chains. The… Read More

March 27, 2023 @ 3:18 pm By Omar Faridi  |  

Nvidia’s (NASDAQ:NVDA) management has recently stated that cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) don’t bring anything “useful” for society. This, despite the firm’s powerful processors selling in massive quantities to the nascent crypto industry. Michael Kagan, Nvidia’s CTO, noted that other popular uses of… Read More

March 26, 2023 @ 12:55 pm By Omar Faridi  |  

Brightflag, the AI-powered legal operations platform, announced the findings from their 2023 Legal Operations Compensation Survey. The annual survey captures data “to help legal operations professionals, General Counsel, and HR leaders to better understand fair market compensation and trends for the legal operations function.” The… Read More