Top Artificial Intelligence Investments of July-August 2019

Investment funds, venture capital (VC) firms and corporate financial specialists are venturing up equity investments in artificial intelligence (AI) start-ups, mirroring a developing worldwide interest for AI advances and their business applications.

The aggregate sum contributed and the worldwide number of deals has expanded enormously since 2011, yet wide varieties in investment profiles develop among nations and areas.

Let's look at some of the top AI investments which took place in the month of July and August.

Pyze

Amount Funded: $4.6M

Transaction Name: Funding

Lead Investors: Illuminate Ventures

Pyze, a Redwood City, CA-based supplier of an embeddable AI driven cross-platform user analytics and omni-channel campaign management, brought $4.6M in funding. The round was driven by Illuminate Ventures with participation from Benhamou Global Ventures and Correlation Ventures. Related to the subsidizing, Cindy Padnos, founder and managing director at Illuminate, will join the Pyze Board.

Beta Bionics

Amount Funded: $126 million

Transaction Name: Series B and B2

Lead Investors: Perceptive Advisors and Soleus Capital

Beta Bionics, a startup utilizing machine learning and AI to build up the world's first autonomous bionic pancreas, shut its Series B and B2 rounds of funding, carrying the organization's total capital to $126 million. The round was co-driven by Perceptive Advisors and Soleus Capital with participation from Farallon Capital, RTW Investments and ArrowMark Partners. The capital implantation will set up the organization for a commercial launch of its iLet Bionic Pancreas System. The framework is presently in clinical trials at Massachusetts General Hospital.

CloudMinds Technology Inc.

Amount Funded: $500 million

Transaction Name: IPO

Lead Investors: Citigroup, JP Morgan, IBS Investment Bank

CloudMinds, a developer of AI-based robotics, has documented with the SEC to go public on the NYSE under the image CMDS. The Beijing organization intends to raise a revealed $500 million in the offering. Established in 2015, CloudMinds logged a 2018 income of $121 million with a total deficit of $156.8 million, compared with a 2017 revenue of $19.2 million on a $47.7 million total deficit.

Fetch Robotics

Amount Funded: $46 million

Transaction Name: Series C

Lead Investors: Fort Ross Ventures

Fetch Robotics reported a $46 million Series C raise. The round, driven by Fort Ross Ventures, brings the San Jose-based warehouse automation organization's total funding up to $94 million. New financial investors CEAS Investments, Redwood Technologies, TransLink Capital and Zebra Ventures joined the round, alongside existing investors O'Reilly AlphaTech Ventures, Shasta Ventures, SoftBank Capital and Sway Ventures.

iFlytek

Amount Funded: $407 million

Transaction Name: Investment

Lead Investors: China Asset Management

Chinese artificial intelligence (AI) organization iFlytek has raised $407 million from a state-sponsored industry fund and a few provincial government reserves by means of a private placement, as per a documenting on Shenzhen Stock Exchange.

Activ Surgical

Amount Funded: $13 million

Transaction Name: Investment

Lead Investors:

Activ Surgical has raised almost $13 million as the organization proceeds with improvement of its Smart Tissue Autonomous Robot (STAR). Activ Surgical portrays its overall objective as the "integration of cutting edge computer vision, artificial intelligence and robotics intended to consistently fit inside operating room work process while giving propelled imaging and diagnostic accuracy during medical procedure.

Argo AI

Amount Funded: $2.6 million

Transaction Name: Investment

Lead Investors: Volkswagen AG

VW Group is investing $2.6 billion in capital and resources into Argo AI, the Pittsburgh-based autonomous vehicle startup that burst onto the scene two years prior with $1 billion in backing from Ford. The deal, which has been rumoured for quite a long time, is a part of a more extensive coalition between VW Group and Ford that covers autonomous and electric vehicles.

OpenAI

Amount Funded: $1 billion

Transaction Name: Investment

Lead Investors: Microsoft Corporation

Artificial intelligence organization OpenAI as of late raised $1 billion from the tech goliath Microsoft Corporation. Alongside the funding, OpenAI likewise made a selective computing partnership with Microsoft to assemble new Azure AI supercomputing advancements.

Recogni Inc.

Amount Funded: $25 billion

Transaction Name: Series A

Lead Investors: GreatPoint Ventures

Recogni Inc., the designers of a vision-oriented artificial intelligence for autonomous vehicles, reported $25 million in Series A financing driven by GreatPoint Ventures with participation from Toyota AI Ventures, BMW I Ventures, Faurecia (one of the world's leading car innovation organizations), Fluxunit (VC arm of lighting and photonics organization OSRAM), and DNS Capital.

Geek+ Inc

Amount Funded: $150 million

Transaction Name: Series C1

Lead Investors: GGV Capital, D1 Capital Partners

Geek+ Inc., which gives robots for supply chain operations had brought $150 million up in Series C1 funding. The Chinese organization was established in 2015, and it entered the focused U.S. market a year ago. The global interest and investment exhibits both the promise and difficulties confronting robotics developers attempting to serve logistics demand.