World Summit AI conference announces funding from events firm Reed Exhibitions

Exclusive: World Summit AI, an artificial intelligence conference taking place in Amsterdam in October, has received an investment from Reed Exhibitions Deutschland. No terms for the investment were disclosed. Reed Exhibitions Deutschland is a division of events organiser Reed Exhibitions. World Summit AI is an industry event for applied AI, taking place at Gashouder in […]

Spotify acquires Paris-based AI search startup Niland.io

Spotify has acquired Niland.io, a Paris-based machine learning startup specialising in music search and recommendations. No terms for the deal were disclosed. The team from Niland.io will be joining Spotify’s New York R&D office where they will work on music discovery features. According to Spotify, Niland.io has “changed the game” for AI in search. “Over […]

Berlin recruitment tech startup MoBerries raises €1.8 million

MoBerries has announced a €1.8 million funding round from 42CAP, High-Tech Gründerfonds (HTGF), LITTLEROCK, and several angel investors. The Berlin-based recruitment SaaS startup will use the new funds to further develop its proprietary SaaS Recruitment Network, which uses AI ranking tech to accelerate the candidate selection and hiring process. The company, founded in 2015, will […]

Norwegian.AI to launch €100 million fund to invest in artificial intelligence

A new investment fund tipped to be NOK 1 billion (€100 million) called Norwegian.AI was revealed today, which will invest in artificial intelligence in Norway. NOK 100 million (€10 million) has been committed to the fund already, according to the announcement at Katapult Future Fest. The fund’s founding partners are: Tharald Nustad (head of Nordic […]

AI ecommerce search engine Twiggle raises $15 million in new round

Israel’s Twiggle has raised $15 million in a new funding round led by MizMaa Ventures and Korea Investment Partners. The company, which creates AI-powered ecommerce search solutions, plans to use the new funds to grow its US presence, further its product development, and hire more in areas like sales and marketing. The investors will also […]

UK startup Babylon Health raises $60 million for its AI-based medical app

UK medtech startup Babylon Health has raised $60 million for its AI-based medical advice app. The investment comes from NNS holdings, Vostok New Ventures, and existing investor Kinnevik. The Financial Times reports that this round also included particiation from Sawiris, an Egyptian billionaire business family. Last year Babylon raised $25 million in Series A Funding. This lastest round brings the company’s valuation to $200 million, according to the FT.