AI R&D and deployment firm Aleph Alpha has raised €23 million in a new funding round. The Heidelberg-based company produces large-scale, multilingual, AI models that are designed to serve any number of applications. The funding is expected to further accelerate the development of these models, with the higher goal of securing European AI technology digital […]
Rome-based translation service Translated has taken on $30 million in funding. $25 million of the funding arrives from one of Europe’s largest private equity funds, Ardian. Translated pioneered the use of AI to assist professional translators, and today leverages a combination of its proprietary adaptive neural machine translation software and a network of over 200,000 […]
Akur8, who uses a proprietary “Transparent AI” to automate insurance pricing, has landed $30 million from BlackFin Capital and MTech Capital in order to help actuaries and pricing teams make better, faster decisions. To date, Akur8 has raised $42 million. Founded in 2018 by Guillaume Beraud-Sudreau and Samuel Falmagne, Akura8 automates the generation of pricing […]
London-based accident and disaster recovery platform Tractable has raised $60 million in a Series D funding round led by Insight Partners and Georgian. The company reports that the new funding will be used to further focus on its core business, auto accident recovery. Partnering with a leading insurer in Japan, Tractable will also use the […]
Copenhagen-based project and resource management service Forecast has raised $19 million in a Series A round led by Balderton Capital. The round also saw participation from existing investors Crane Ventures Partners, SEED Capital, and Heartcore. A portion of the funding is earmarked to spearhead entry into the North American market. To date, the firm has […]
Deeptech AI startup thingsTHINKING has raised €4.5 million in a funding round led by Earlybird which saw participation from a number of angel investors. The company’s offering, semantha, moves the needle on textual processing by providing out-of-the-box functionality, bypassing the dreaded training phase for AI-based applications. “With semantha, domain experts can finally educate an AI […]
London-based deep tech company iSize has raised $6.3 million in a round led by Octopus Ventures with participation from existing investors including TD Veen and former Google CFO and current Chairman of the Board at Twitter, Patrick Pichette. This now brings the company’s total raise to $8.2 million. iSize is reporting that the funding will […]