Artificial intelligence startup Ambyint announced it has raised $11.5 million in Series A financing led by Mercury Fund. GE Ventures, Statoil Innovation AS, and Cottonwood Venture Partners also participated in the offering. Ambyint offers an AI-driven, artificial lift optimization solution that helps the exploration and
Universal Logic, Inc., has named Dr. Goutham Mallapragada as chief technology officer. Universal Logic provides supply chains with automated material handling systems for high-mix and high-volume applications. In his new role role, Mallapragada will oversee all aspects of engineering, including research and development of Universal’s
Enterprise IT startup Data Genomix announced the completion of a new round of Series A funding from investor Edward Crawford and Zanite Ventures, a Cleveland-based early stage venture capital firm. Data Genomix is a Cleveland, OH-based marketing technology startup that brings leading-edge targeting, analytics, and machine