New York City- and Tel Aviv-based Localize.city, a start-up specializing in supporting home buyers and renters through the use of artificial intelligence, completed a Series A financing round of $8 million to develop and market its AI-powered website: www.localize.city. The website is designed to allow
Artificial intelligence company XNOR.AI closed $12 million in Series A financing led by Madrona Venture Group, with participation from NGP Capital, Autotech Ventures, and Catapult Ventures. Unlike traditional AI that runs in data centers and requires network connectivity, XNOR is designed to allow deep learning
Voice-enabled AI and conversational intelligence technology company SoundHound Inc.®, closed $100 million in new funding. Participants in the round include Tencent Holdings Limited, Daimler AG, Hyundai Motor Company, Midea Group, and Orange S.A. The company plans to use the funding to drive adoption and distribution of
Passage AI, a startup specializing in artificial intelligence-powered conversational interfaces, announced a $7.3 million Series A round of financing led by Blumberg Capital. Passage AI’s bot-building tool utilizes AI and natural language processing technologies, requires no coding, and can be deployed anywhere in as little
The Hive, a venture fund and co-creation studio that builds and fosters startups focused on AI-powered applications, closed its third fund—The Hive III—with $26.5 million in capital commitments. Investors include Verizon Ventures, Software AG, GE, Rockwell Automation, March Capital Partners and individual investors. The Hive
Seattle-based startup Magic AI concluded a $1.2 million seed funding round led by Angel investor, equine enthusiast, and technologist, Vani Khosla. Other angel investors also participated. Magic AI's product, StableGuard, is a 24/7 video monitoring solution that uses AI to alert owners to changes in
Gong.io, a conversation intelligence platform for sales teams, received an investment from Cisco Investments in an A1 funding round extension. According to the company, Gong.io automatically records, transcribes, and analyzes every sales conversation so businesses can replicate successful discussions, coach their reps, and ramp up new
Conversational marketing and sales platform Drift gained $60 million in Series C financing led by Sequoia Capital. Previous investors CRV and General Catalyst also participated in the round. Replacing the traditional B2B marketing and sales process, Drift connects businesses with leads in real-time, 24/7, and
Punchh, a digital marketing platform for retail brick-and-mortar stores serving more than 100 restaurant chains around the world, raised $20 million in Series B venture funding led by Sapphire Ventures, with participation from Cervin Ventures. Punchh’s AI and machine learning tools provide brick-and mortar-retailers with
At the LendIt Fintech USA Conference, Ocrolus, an emerging leader in analyzing financial documents, announced a $4 million Series A investment led by Bullpen Capital, with participation from QED Investors, Laconia Capital Group, ValueStream Ventures, and RiverPark Ventures. According to the company, its PerfectAudit AI