The startup scenario is being changed by bringing in investment and deal activity around intelligent automation and artificial intelligence, big data and machine learning. The data plainly demonstrates that new businesses that had AI as a core product are creating narrow AI tech packed away with the heaviest investment from leading VC firms and investors who are putting vigorously in deep tech startups in big data, enterprise AI and automation. It likewise underscores a great part of the financing going on in domain explicit breakthrough innovations, and not broadly useful AI tech.
Let’s look at the top AI Investments of June 2019.
Tala Security
Amount Funded: $9 million
Transaction Name: Series A
Lead Investors: TechOperatos
Tala’s AI-driven, agentless solution ensures clients against XSS, crypto jacking, click-jacking and different attacks. Tala has brought $9 million up in Series funding driven by TechOperators. Different members in the deal incorporate Jackson Square Ventures, Steve Bennett, Michael Brown, Oliver Friedrichs.
Clustar.ai
Amount Funded: 10 million Yuan
Transaction Name: Series A
Lead Investors: Sequoia Capital China
Clustar.ai is a cutting-edge startup that gives AI based cloud services. It is focused on applying super-calculated scientific research and innovative accomplishments to the business field to make a productive distributed AI framework for enterprise AI ecosystems.
AllyO
Amount Funded: $45 billion
Transaction Name: Series B
Lead Investors: Sapphire Ventures, Scale Venture Partners
AllyO is an A.I. recruiter that makes recruiting awesome and effective for everybody. AllyO has brought $45 million up in Series B financing. Investors incorporate Sapphire Ventures, Scale Venture Partners and prior patrons Gradient Ventures, Randstad Innovation Fund, Bain Capital Ventures and Cervin Ventures. They’ll use the funding to further build up the organization’s products and grow its scope.
Active.ai
Amount Funded: $3 million
Transaction Name: Series A
Lead Investors: Innocells
Artificial Intelligence (AI) startup Active.Ai brought $3 million up in an all-inclusive Series A round from Innocells, the innovation hub and corporate venturing arm of Spanish banking team Banco Sabadell. Existing investors include Kalaari Capital, Chiratae Ventures (in the past IDG Ventures India), and Vertex Ventures likewise partook in the round. Its AI engine, Triniti.ai, is utilized to comprehend complex contexts and discussions and give smart responses through natural dialogues.
Wysa
Amount Funded: $2 million
Transaction Name: Pre-series A
Lead Investors: Pi Ventures
Bengaluru-based Wysa raised about $2 million (Rs 15 crore) in a pre-Series A round driven by pi Ventures, with interest from Kae Capital and different investors. The AI-based mental health startup intends to utilize this funding to further fortify its innovation and for expansion.
Yellow Messenger
Amount Funded: $4 Mn
Transaction Name: Series A
Lead Investors: Lightspeed Venture Partners
Bengaluru-based conversational AI solutions provider Yellow Messenger raised $4 Mn (INR 27 Cr) in a Series A funding round from Lightspeed Venture Partners and noticeable angel investors. The angel investors who took part in the round incorporate Phanindra Sama, originator, Redbus and CIO of Telangana; Kashyap Deorah, founder of Hypertrack; Anand Swaminathan, senior partner, McKinsey and Co.; Prashant Malik, co-founder, Limeroad; Nishant Rao, previous MD, Linkedin India; Kunal Bahl and Rohit Bansal, co-founders, Snapdeal; Monisha Varadan, Zephyr Ventures and Alap Bharadwaj, APAC Innovation, Google. The funding will be utilized towards innovative work. They will likewise put resources into creating cutting-edge profound tech abilities, and extend its customer success teams and nearness in high-potential markets across Asia, the Middle East, and other developing markets.
SwitchOn
Amount Funded: $1 million
Transaction Name: Seed round
Lead Investors: pi Ventures
Bengaluru-based SwitchOn, an edge-AI empowered Industrial IoT organization, brought $1 million up in a seed round of funding driven by pi Ventures, the AI, IoT and Blockchain-concentrated early-stage venture fund. Alongside pi, Axilor and prominent angel investors from The Chennai Angels additionally took an interest in the round.
Enflame Tech
Amount Funded: 300 million yuan
Transaction Name: Investment
Lead Investors: Redpoint China Ventures
Artificial intelligence tech organization Enflame Tech brought 300 million yuan up in a round of financing, driven by Redpoint China Ventures and others included Oceanpine Capital, Yunhe Capital, Tencent Investments, Riverhead Capital, and Chinaequity Investments. The fund will be utilized in the expansion of the market, cementing of business, large scale manufacturing of products, and technical support. Enflame Tech centers around the field of AI nerve network solution.
NeuroBlade Ltd
Amount Funded: $23 million
Transaction Name: Round A funding
Lead Investors: Check Point Software Technologies
NeuroBlade Ltd., which is dealing in a processor for artificial intelligence applications, has finished Round A funding of $23 million. The Israeli startup intends to utilize the new financing to scale its workforce and increase its marketing endeavors to put up the first generation of its AI chip to market. Marius Nacht, co-founder of Check Point Software Technologies, drove NeuroBlade’s Series A round with the cooperation of new investor Intel Capital and existing investors StageOne Ventures and Grove Ventures.
RSVP.ai
Amount Funded: $10 million
Transaction Name: Series A-II
Lead Investors: Shenzhen Capital
RSVP.ai, a Canada-based natural language processing (NLP) services spinout of University of Waterloo and Tsinghua University, has obtained $10m in a series A-plus round driven by venture firm Shenzhen Capital. Established in 2013, RSVP.ai has made an NLP platform that enables customers to incorporate conversational interfaces into applications, for example, savvy home innovations, toys and medical devices. The funding will allegedly fund continued development of RSVP.ai’s NLP capabilities with an eye on the business chatbot and deep learning sections.
