British retail security startup ThirdEye raises £2 million

London-based AI-powered theft detection startup ThirdEye has secured £2 million in a funding round led by Octopus Ventures and True, with participation from an existing investor, Episode 1 Ventures. The startup will use the capital injection to hire more people and prepare to expand across Europe. ThirdEye’s platform applies machine learning algorithms to footage from […]

German speech analysis startup i2x raises €10 million

Berlin-based real-time communications analysis and training startup i2x has landed a €10 million funding round led by UVC Partners and btov Partners, with participation from MS&AD Ventures, Asgard, and HV Holtzbrinck Ventures. i2x, which employs about 40 people, is essentially a speech recognition solution for the English and German language with advanced AI on top […]

Russian-founded industrial AI startup Conundrum secures $1.5 million from Speedinvest

UK-based industrial AI startup with Russian roots Conundrum has raised $1.5 million in funding from Speedinvest Industry. Conundrum AI applies deep learning and automated machine learning techniques to help industrial customers predict equipment failures and decrease downtime they can cause. It also builds so-called “digital twins,” precise digital models of enterprise physical equipment that can […]

Dutch medical AI startup Aidence raises €10 million

Amsterdam-founded medical imaging AI startup Aidence has landed a €10 million funding round led by INKEF Capital and Rabo Ventures, alongside existing investors Northzone, HenQ, and Health Innovations. This investment brings Aidence’s total funding to date to €12.5 million. The company was founded in 2015 and is focused on early recognition of lung cancer by […]

HERE launches an AI research institute in Vienna, plans to invest €25 million over five years

Amsterdam-headquartered HERE Technologies, a mapping and location services company that used to be part of Nokia, has announced the launch of the Institute for Advanced Research in Artificial Intelligence (IARAI) in Vienna. The new research institution will focus on machine learning “machine learning that will deepen the location intelligence needed to build an autonomous world,” […]

Sweden’s Peltarion raises $20 million from a hedge fund billionaire and others for its ‘operational AI platform’

Sweden-based Peltarion, a 15-year old company that has developed a platform which essentially allows companies and governments to create and deploy artificial intelligence technology and processes for their own operations, has raised $20 million in fresh funding. The capital comes from Euclidean Capital, the family office for hedge fund billionaire James Simons, and prior backers […]