Funding in Artificial intelligence during July and August
The amount of money invested annually into startup companies working in the artificial intelligence (AI) market worldwide has continuously increased. The companies receive funding by showcasing their expertise and their clients’ reviews.
July 26: Olive deploys the Artificial Intelligence workforce built specifically for healthcare, delivering hospitals and health systems increased revenue, reduced costs, and increased capacity. The objective is to automate all those repetitive, high-volume tasks and workflows, and also to monitor their performance, identify their improvements, and find opportunities for new work as well. As far as the AI funding of this firm is concerned, it is funded by 18 investors. Olive, in over 9 rounds has raised a total funding of $856.3M. Their recent funding was raised on July 1, 2021, from a Series H round. This recent funding amounted to $400 million.
July 27: Covariant, a leading AI Robotics company, today announced it has raised $80 million in Series C funding, bringing its total capitalization to $147 million within two years of the company’s public launch. The round was led by returning investors, Index Ventures, with the additional participation of Amplify Partners and Radical Ventures.
July 26: Artificial intelligence computing company Blaize Inc has raised $71 million from investors including Temasek and Franklin Templeton, according to people familiar with the matter. The El Dorado Hills, California-based company is also in early-stage talks with special purpose acquisition companies (SPACs) about a potential deal that would make it public, the sources added. Blaize previously raised $65 million in 2018, at a valuation of about $370 million from investors including Denso, Temasek, GGV Capital, and Daimler. The new series D round of funding will be primarily used to scale out the business and products development. Details on Blaize’s latest valuation were not immediately available.
August 2: Nektar.ai, a business-to-business (B2B) sales productivity startup, has raised $6 million as part of the second tranche of its seed round, from investors led by B Capital Group, 3One4 Capital, and Nexus Venture Partners. This takes its total funding in the seed round to $8.1 million, making it one of the biggest such rounds for a Software as a Service (SaaS) startup in the region.
August 10: Amid the broad proliferation of devices and data in our homes and businesses, Neuron7.ai, a new cloud-software company focused on the new category of service intelligence, has emerged from stealth mode and announced a seed investment of $4.2 million from Nexus Venture Partners and Battery Ventures. The company, led by repeat entrepreneurs Niken Patel and Vinay Saini, is helping drive the transformation of customer service into a cloud-based AI-powered workflow, particularly for companies managing complex products in technology, manufacturing, and healthcare, where service organizations are required to support hundreds of product models, versions, errors, and issues.
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