An overview of the main funding for artificial intelligence in July and August 2021

Funding for artificial intelligence

Funding in Artificial Intelligence in July and August

The amount of money invested each year in startups working in the artificial intelligence (AI) market around the world has been steadily increasing. Companies receive funding by showcasing their expertise and the opinions of their clients.

olive

July 26: Olive deploys the artificial intelligence workforce specifically designed for healthcare, providing hospitals and healthcare systems with increased revenues, reduced costs and increased capacity. The goal is to automate all these repetitive and large tasks and workflows, as well as monitor their performance, identify their improvements, and find opportunities for new work. As for the financing of the AI ​​of this firm, it is financed by 18 investors. Olive, in addition to 9 rounds, raised total funding of $ 856.3 million. Their recent funding was raised on July 1, 2021, from a Series H round. This recent funding amounted to $ 400 million.

Covariant

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 public launch of the society. The cycle was led by returning investors, Index Ventures, with additional participation from Amplify Partners and Radical Ventures.

Blaize Inc

July 26: Artificial intelligence computer 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, Calif., Company is also in early-stage talks with Special Purpose Acquisition Companies (SPACs) about a possible deal that would make it public, the sources added. Blaize previously raised $ 65 million in 2018, for a valuation of around $ 370 million from investors such as Denso, Temasek, GGV Capital and Daimler. The new D-series funding round will mainly be used to expand business and product development. Details on Blaize’s latest assessment were not immediately available.

Nektar.ai

August 2: Nektar.ai, a business-to-business (B2B) sales productivity startup, raised $ 6 million in the second installment of its startup cycle, from investors led by B Capital Group, 3One4 Capital and Nexus Venture Partners. This brings its total funding in the seed cycle to $ 8.1 million, making it one of the largest such cycles for a software as a service (SaaS) startup in the region.

Neuron7.ai

August 10: Amid the large proliferation of devices and data in our homes and businesses, Neuron7.ai, a new cloud-based software company focused on the new category of service intelligence, has come out of stealth mode and announced an initial investment of $ 4.2 million from Partners Nexus Venture and Battery Ventures. The company, led by regular entrepreneurs Niken Patel and Vinay Saini, is helping transform customer service into a cloud-based AI-based workflow, especially for companies managing complex products in the areas of technology, manufacturing and healthcare, where service organizations are needed. to support hundreds of product models, versions, errors and issues.

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