A daily newsletter summarizing recent activity & interesting start-ups globally 

RECENT NOTABLE ACTIVITY – ARTIFICIAL INTELLIGENCE

  • Modernizing Medicine, a developer of machine learning enabled electronic health records (EHR) system raised $231M in equity funding from Warburg Pincus a New York City-based private equity firm. Link
  • Kreditech, a Germany-based provider of machine learning enabled alternative lending solutions, raised $120M investment from global online payment service provider PayU. Link
  • Grammarly, a CA-based provider of an AI-powered writing assistant, raised $110M in equity funding led by General Catalyst with participation from Breyer Capital, IVP, SignalFire, and Spark Capital. Link
  • SenseTime, a China-based company developing deep learning based face recognition and object recognition solutions raised $60M in Series C round of funding from Sailing Capital. Link
  • Signifyd, a CA-based provider of a fraud protection platform for e-commerce businesses, raised $56M in Series C round of funding led by Bain Capital Ventures, with participation from Menlo Ventures, American Express Ventures. Link
  • Yitu Technology, a China-based developer of computer vision based solutions for Security, Healthcare & Urban city development raised $55M in Series C round of funding led by Hillhouse Capital Group and participated by Yunfeng Capital, Sequoia Capital, Banyan Capital, and ZhenFund. Link
  • Orbital Insight, a geospatial analytics and software company, has raised $50M million in Series C round of funding led by Sequoia Capital with participation from Envision Ventures, Balyasny Asset Management, Geodesic Capital, ITOCHU Corporation, Intellectus Partners, GV, Lux Capital and CME Ventures. Link
  • SafeGraph, a CA-based provider of machine learning enabled data solutions, raised $16M in Series A round of funding led by IDG Ventures with participation from over 100 individuals. Link
  • IceKredit Inc., a China-based provider of an AI-powered credit assessment platform, raised $16M in Series A round of funding led by China Creation Ventures with participation from Lingfeng Capital. Link
  • Twiggle, an Israel-based provider of AI enabled product search and discovery solutions for e-commerce companies, raised $15M in funding led by MizMaa Ventures and Korea Investment Partners with participation from Alibaba, Naspers, and Yahoo Japan. Link
  • Narrative Science, a Chicago-based developer of advanced natural language generation (NLG) technologies, raised $11M in Series D round of funding co-led by Jump Capital and Sapphire Ventures, with participation from USAA. Link
  • Mintigo, a CA-based developer of AI enabled platform for marketing and sales, raised $10M in funding from Glilot Capital Partners, Sequoia Capital IL, Adams Street Partners, Giza Venture Capital, Maverick Ventures and Vintage Investment Partners. Link
  • Bonsai, a CA-based provider of an AI platform for enterprises to build and deploy intelligent systems, raised $7.6M as an extension to its recent Series A round of funding co-led by Microsoft Ventures and existing investor New Enterprise Associates with participation from ABB Technology Ventures, Samsung NEXT and Siemens. Link
  • Deep Sentinel, a CA–based provider of AI-based home security solutions, raised $7.4M in venture capital funding led by Shasta Ventures with participation from Bezos Expeditions, the personal investment company of Jeff Bezos, Lux Capital, and eBay founder Pierre Omidyar’s UP2398. Link
  • AIdoc, an Israel-based company developing an AI-powered platform for analyzing medical images, raised $7M in venture funding led by TLV Partners with participation from existing backers Magma Ventures and Emerge. Link
  • Loom Systems, a provider of an AI-powered log analysis platform, raised $6M in Series A round of funding led by Jerusalem Venture Partners (JVP), with participation from Meron Capital and 31Ventures Global Innovation Fund managed by Global Brain Corporations. Link
  • Bitfusion, a CA-based provider of AI infrastructure management solutions, raised $5M in Series A round of funding led by Vanedge Capital, with participation from new investor Sierra Ventures and existing investors Data Collective, Resonant VC, and Geekdom. Link
  • Invenia, a Canada-based developer of a machine learning platform for power grids optimization and energy efficiency, raised $5M in Series A round of funding led by Zetta Venture Partners. Link
  • Agolo, a provider of AI-powered summarizations solutions, raised $3.5M in a seed round of funding co-led by Microsoft’s corporate investment fund, Microsoft Ventures, and CRV, with participation from Point72 Ventures and Franklin Templeton. Link
  • Vinci, a China-based developer of AI-powered smart headphones, raised a multi-million USD in Series A round of funding from SkyChee Ventures. Link
  • Lattice Data, a company which was born out of the Stanford research project DeepDive and developing machine learning enabled data preparation platform for unstructured “dark data”, got acquired by Apple in a $200M deal. Link
  • TurboAppeal, a Chicago-based developer of machine learning enabled platform for property tax appeals got acquired by Dallas-based Paradigm Tax Group, a property tax consulting firm. Link
  • Niland.io, a Paris-based machine learning startup specializing in music search and recommendations got acquired by Spotify in an undisclosed deal. Link
  • Waymo, formerly the Google self-driving car project, begins first public on-demand self-driving service test in Arizona. Link
  • Neurala, a developer of the neural network-based platform for the autonomous system, has received Patent from U.S. Patent Office about “Whole Brain” Approach for autonomous robotic control. Link

SOME INTERESTING STARTUPS FOUND

Neubay (2016, Seattle) – Stealth mode startup developing AI-based platform for real-time brain interfacing
MuHu (2016, Irvine) – Provides end to end system for advanced driver assistance
Lyrebird (2017, Montreal) – Provides a speech synthesis technology for the developers

LEADER BOARD – ARTIFICIAL INTELLIGENCE

Infrastructure – Machine Intelligence Systems
MIS – Machine Learning
Data Robot (2012, Boston, $111M) – Provides a machine learning platform that helps enterprises build predictive models at speed. Backed by IA Ventures, NEA, Atlas Venture, Intel Capital, Techstars, Recruit Strategic Partners, Right Side Capital Management, New York Life Insurance, Accomplice.

H2O.ai (2012, Mountain View, $31M) – Provides an open source machine learning platform for pattern detection and prediction. Backed by Nexus Venture Partners, Transamerica Ventures, Paxion Capital Partners and others.

MIS – Deep Learning
Sentient (2007, SF, $144M) – Provides distributed AI on large scale systems for finance and medical sectors. Backed by Tata Group, Access Industries, and Horizon Ventures.

DeepMind (2011, London, $50M, Acq.) – Develops deep reinforcement learning based artificial general intelligence solutions. Backed by Founders Fund, Horizons Ventures, and others. Acquired by Google for $500M in 2014.

MIS – Cognitive Learning
Vicarious (2010, SF, $72M) – Provides machine learning software based on neocortex learning. Backed by Open Field Capital, Felicis Ventures, Founders Fund.

Numenta (2005, Redwood City, $30M) – Working on development of machine intelligence software based on the principles of New-Cortex.

Infrastructure – NLP
NLP – Speech Solutions
SoundHound (2005, Santa Clara, $115M) – Developer of speech recognition technology and mobile apps. Backed by Samsung, KPCB, Felicis Ventures, NVIDIA, Plug and Play Tech Center, Walden Venture Capital, Amidzad Partners, Western Technology Investment, TransLink Capital, Global Catalyst Partners, Nomura Holdings, Recruit Holdings, SharesPost, Pejman Mar Ventures, Naver, Sompo Japan Nipponkoa Insurance.

Cogito Corporation (2007, Boston, $23M) – Develops technology for caller behavioral science for sales and service. Backed by Salesforce, OpenView, Romulus Capital, Western Technology Investment, Pelion Venture Partners, NIMH.

NLP – Text Solutions
Cortical (2011, Vienna, $5M) – Provides text analytics solutions. Backed by Open Field Capital and Reventon.

Indico Data Solutions (2013, Boston, $4M) – Provides deep learning based text analytics solutions. Backed by406 Ventures, General Catalyst Partners, Rough Draft Ventures, Techstars, Boston Seed Capital, Two Sigma Ventures, Right Side Capital Management.

NLP – NLP Platforms
Nuance Communications (1992, Burlington, IPO) – Provides various linguistic solutions including speech recognition, OCR, dictation, speech analytics, virtual assistant, etc. Backed by  Intel, Mayfield, Rembrandt Venture Partners, Goldman Sachs, Morgenthaler, U.S Venture Partners, Motorola, Asset Management Ventures, Alloy Ventures, Attractor Ventures, Canvas Ventures, F-Prime Capital Partners. IPO in 2000.

Expert System  (2000, Modena, IPO) – Provides semantic business intelligence solutions. Backed by IMI Fondi Chiusi SGR. IPO in 2014.

Infrastructure – Computer Vision
Computer Vision – Face Recognition
SenseTime (2014, Hong Kong, $190M) – Provides face recognition APIs which developers can apply to their own websites or mobile Apps. Backed by IDG Capital Partners, CDH Investments and Dalian Wanda Group.

Megvii (2011, Beijing, $145M) – Provides deep learning based APIs for face recognition, image recognition, image classification, etc. Backed by Sinovation Ventures, Qiming Ventures, Foxconn Electronics, Legend Star, Ant Group, Comet Labs.

Computer Vision – Object Recognition
Clarifai (2013, NYC, $41M) – Deep learning based image & video recognition API provider. Backed by Union Square Ventures, Qualcomm Ventures, New York University, NVIDIA, GV, Menlo Ventures, Lux Capital, Osage University Partners, Osage Partners, LDV Group, LDV Capital, Corazon Capital.

Cortica (2007, Ramat Gan, $38M) – Provides visual search and in-image analyzing technology. Backed by Horizons Ventures, Mail.Ru Group.

Infrastructure – Autonomous Systems
CloudMinds  (2015, Shenzhen, $130M) – Provides autonomous robot enablers. Backed by Walden International, Shenzhen Capital Group, SBCVC, Foxconn Electronics, Venustech, Keytone Ventures, Bojang Capital Management, Kaixuan Capital.

Neurala (2006, Cambridge, $16M) – Develops software for drone and robot autonomy. Backed by Motorola Solutions, Techstars, Orkos Capital, Pelion Venture Partners, SK Ventures, 360 Capital Partners, Right Side Capital Management, Idinvest Partners, Robolution Capital, Sherpa Capital, Draper Associates, Haiyin Capital.
NetraDyne (2015, Bangalore, $16M) – Provides deep-learning-based computer vision platform for drone and automotive navigation. Backed by Reliance Industries.

Infrastructure – Enabling Technologies
Enabling Technologies – Hardware
Mobileye (1999, Jerusalem, IPO, Acq.) – Develops computer vision-based advanced driver assistance systems (ADAS). Backed by Fidelity Investments, Goldman Sachs, Motorola Solutions, BlackRock, Enterprise, Colmobil Corp., The Delek Group, Eldan Car Rental, First International Bank of Israel, Wellington Management, Sailing Capital. Acquired by Intel for $15.3B in 2017.

KnuEdge (2005, San Diego, $100M) – Provides voice biometric and neural computing technology solutions. Backed by Hasso Plattner Ventures.

Enabling Technologies – Software
Trifacta (2012, SF, $76M) – Provides data preparation solutions. Backed by Accel Partners, Greylock Partners, Infosys, XSeed Capital, Data Collective, Ignition Partners, Cathay Capital, Milliways Ventures, Cathay Innovation.

Mighty AI (2014, Seattle, $27M) – Provides Training Data as a Service for AI algorithms. Backed by  Accenture, NEA, Foundry Group, Intel Capital, GV, Madrona Venture Group.

Applications – Enterprise
Enterprise – BI & Analytics – Business Intelligence
Palantir (2004, Palo Alto, $2.3B) – Intelligence products to augment human-driven analysis for critical government, commercial and non-profit institutions. Backed by Founders Fund, In-Q-Tel, 137 Ventures, ARTIS Ventures, Glynn Capital Management, Reed Elsevier Ventures, Ulu Ventures, Mithril Capital Management, Benjamin Ling, Keith Rabois, Jeremy Stoppelman.

Ayasdi (2008, Palo Alto, $108M) – Machine Intelligence platform for insight discovery from large data sets. Backed by Floodgate, Citibank, General Electric, Institutional Venture Partners, Khosla Ventures, Kleiner Perkins Caufield & Byers, Draper Nexus, Centerview Capital Technology.

Enterprise – BI & Analytics – Social Media Intelligence
Dataminr (2009, NYC, $175M) – Products for real-time extraction of insights from social media data aimed at Media, Finance, and Government sectors. Backed by Carissa St Clair, Box Group, Venrock, Institutional Venture Partners, GSV Capital, Deep Fork Capital, Fidelity Investments.

NetBase (2004, Mountain View, $87M) – Provides AI-based social media monitoring platform. Backed by SAIF Partners, SAIF Partners China, Western Technology Investment, WestSummit Capital, Thomvest Ventures, MMV Financial, In-Q-Tel, ORIX Ventures, Spring Lake Equity Partners, Altos Ventures.

Enterprise – Sales
InsideSales (2004, Provo, $251M) – Predictive and Prescriptive self-learning cloud-based platform for sales lead management. Backed by Hummer Winblad Venture Partners, US Venture Partners, Zetta Venture Partners, EPIC Ventures, Kleiner Perkins Caufield & Byers, Polaris Partners, Salesforce, Microsoft.

EverString (2012, San Mateo, $79M) – Predictive analytics platform which helps B2B companies to identify and engage sales leads and new clients. Backed by Danhua Capital, IDG Capital Partners, and others.

Enterprise – Marketing
Bloomreach (2009, Mountain View, $97M) – Customer Analytics and site optimization Intelligence Platform based on machine learning. Backed by Bain Capital Ventures, Chris P.C., New Enterprise Associates, Lightspeed Venture Partners.

Persado (2012, NYC, $66M) – Provides machine learning based Marketing Optimization platform. Backed by American Express, Goldman Sachs, Bain Capital Ventures, Citi, Eastward Capital Partners, StarVest Partners, TLcom Capital

Enterprise – Security & Surveillance
Cylance (2012, Irvine, $177M) – Next generation antivirus, Cylance Protect which combines pre-detection, machine learning, and secure design lifecycle solutions. Backed by Khosla Ventures, Fairhaven Capital Partners, Blackstone Group, Dell Ventures, Capital One Financial Corp, DFJ Growth.

Darktrace (2013, Cambridge, $105M) – Enterprise immune systems solutions powered by Bayesian mathematics and machine learning. Backed by Summit Partners, SoftBank, KKR, Hoxton Ventures, Talis Capital, Invoke Capital, Ten Eleven Ventures, Isomer Capital.

Applications – Industry
Industry – Healthcare & Pharma
Modernizing Medicine (2010, Boca Raton, $329M) – Provides machine learning enabled electronic health records (EHR) system. Backed by IBM, Summit Partners, Silicon Valley Bank, Warburg Pincus, Pentland, Sands Capital, Sands Capital Ventures.

iCarbonX (2015, Shenzhen, $215M) – Platform to analyze omic data. Backed by Tencent, China Bridge Capital, Zhongyuan Union Stem Cell Bioengineering

Industry – Fintech
Kreditech (2012, Hamburg, $281M) –  Provides machine learning enabled alternative lending solutions. Backed by IFC, Kreos Capital, Rakuten, Point Nine Capital, Amadeus Capital, Blumberg Capital, Victory Park Capital, Global Founders Capital, J.C. Flowers & Co. LLC, Global Founders Capital, Varde Partners, HPE Growth Capital, PayUbiz, Digital Pioneers.

PayEgis (2011, Suzhou, $165M) – Provides AI enabled fraud and risk management solutions. Backed by China Equity Group.

Industry – Transport
Zoox (2013, Menlo Park, $290M) – Stealth mode robo taxi startup. Backed by Draper Fisher Jurvetson, Lux Capital, Blackbird Ventures, AID Partners.

Cruise Automation (2013, SF, $18M, Acq.) – Developing advanced driver assistance systems(ADAS). Backed by Y Combinator, Qualcomm Ventures, Spark Capital, Felicis Ventures, Signia Venture Partners, Draper Associates, Homebrew, Maven Ventures, Draper Associates. Acquired by General Motors for $1B in 2016

Industry – Advertising
RocketFuel (2008, Redwood City, IPO) – Programmatic media-buying platform that harnesses the power of artificial intelligence to predict the right time for placement of an ad.  Backed by Mohr Davidow Ventures, Labrador Ventures, Wilson Sonsini Goodrich & Rosati, DLA Piper, MF Capital, Nokia Growth Partners, Northgate Capital, Summit Partners, Cross Creek Capital, Comerica Bank. IPO in 2013.

QuantCast (2006, SF, $62M) – Provides a data intelligence platform, utilizing big data and machine learning to provide advertising solutions. Backed by Founders Fund, Glynn Capital Management, Polaris Partners, and others.

Industry – Education
Knewton (2008, NYC, $157M) – Adaptive learning technology provider for personalized learning. Backed by Accel Partners, First Round Capital, Bessemer Venture Partners, FirstMark Capital, Founders Fund, Pearson, Atomico, GSV Capital, Silicon Valley Bank.

Declara (2012, Palo Alto, $30M) – Social learning platform which connects people to a large amount of content using machine learning algorithms. Backed by Founders Fund, Data Collective, EDB Investments.

Industry – Agriculture
The Climate Corporation (2006, SF, $109M, Acq.) – Integrated platform providing hardware and software for farm and weather data analytics. Backed by Founders Fund, Google Ventures, New Enterprise Associates, CODE Advisors, Allen & Company, Anthemis Group, Felicis Ventures, Glynn Capital Management, Khosla Ventures, SV Angel, Joshua Schachter, Howard Morgan, Index Ventures. Acquired by Monsanto for $930M in 2013.

BlueRiverTechnologies (2011, Sunnyvale, $30M) – Provides hardware which uses computer vision and robotics in fields for yield optimization, elimination of weeds and unwanted plants. Backed by Khosla Ventures, Innovation Endeavors, Data Collective, Stanford A&E, Ulu Ventures.

Industry – Legal
FiscalNote (2013, Washington D.C., $28M) – Real-time government regulations analysis platform. Backed by NEA, AME Cloud Ventures, University of Maryland, Dorm Room Fund, Plug, and Play Tech Center, Middleland Capital, Winklevoss Capital, Renren, Conversion Capital, GIC, Green Visor Capital, Visionnaire Ventures, 645 Ventures, SF Capital, Fresh, QueensBridge Venture Partners, Perle Ventures, Enspire Capital.

Casetext (2013, Palo Alto, $21M) – Provides AI enabled legal research platform. Backed by Y Combinator, SV Angel, Union Square Ventures, Crosslink Capital, A-Grade Investments, Formation 8, Susa Ventures, Canvas Ventures, Red Sea Ventures, BoxGroup, 8VC.

Applications – Consumer
Consumer – Virtual Assistant
Viv Labs (2012, San Jose, $30M, Acq.) – Developing advanced conversational interfaces and assistants. Backed by Horizons Ventures, Pritzker Group, Iconiq Capital, the OS Fund. Acquired by Samsung in 2013.

Siri (2007, San Jose, $24M, Acq.) – Intelligent virtual assistant that has a natural language interface to answer questions, make recommendations and perform actions by delegating requests to web services. Backed by Morgenthaler Ventures, Menlo Ventures, SRI International, Horizons Ventures. Acquired by Apple in 2010.

Consumer – Intelligent Devices
Roobo (2014, Beijing, $100M) – Develops intelligent robots, VR and UAVs. Backed by iFLYTEK.

Jibo (2012, Boston, $68M) – Develops intelligent social robot. Backed by Charles River Ventures, Flybridge Capital Partners, RRE Ventures, Fenox Venture Capital, Fairhaven Capital, Formation 8, Osage Partners, Acer, KDDI Corporation, LG U Plus, Samsung Venture Investment, Global Brain, Netposa Technologies, Dentsu Ventures.

Consumer –  Recommender Systems
SwiftKey (2008, London, $21M, Acq.) – Provides predictive keyboard application for mobile. Backed by Accel Partners, Index Ventures, Octopus Ventures, Cambridge Capital Group, Octopus Investments. Acquired by Microsoft in 2016 in $250M.

Notion (2014, Ann Arbor, $10M) – Mobile application for eMail Inbox optimization for iOS and Android. Backed by Accel Partners, Silicon Valley Bank, Hyde Park Venture Partners, Drive Capital.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest updates visit Artificial Intelligence feed.

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