Leuven, Belgium-based icometrix has secured $18 million in funding from Forestay Capital, Optum Ventures and prior backer Capricorn Venture Partners. The company claims its technology has the potential to transform care for patients with brain injuries and disorders, by extracting clinically meaningful information from brain MRI and CT scans of patients. Its ‘icobrain’ software platform […]
Portuguese startup Stratio – not to be confused with, well, Spanish startup Stratio – has scored €3 million in funding from London-based Crane Venture Partners and LocalGlobe to scale its AI for auto manufacturers, distributors, and fleet owners for preventative maintenance (which the company says comes with a $200 billion price tag in annual expenditure). […]
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 […]
Bristol, UK-based semiconductor company Graphcore has raised $200 million in a new equity funding round from investors including Atomico, Microsoft and BMW i Ventures, valuing the company at $1.5 billion pre-money (via FT). Graphcore, which had raised roughly $100 million before this round, designs chips for for artificial intelligence applications and says it recently started […]
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German AI startup Artisense has announced a €4 million funding round from Project A, Vito Ventures, and Holidu cofounder Chris Hitchen. The startup has developed algorithms for real-time 3D mapping of images. The tech can be applied to autonomous cars and robotics to help them to better understand their surroundings. The new funds will be […]
AI company Ditto has raised £4 million from IP Group, which builds intellectual property-based businesses, and Parkwalk Advisors. Manchester-based Ditto has developed AI-powered software advisor bots that solve queries but also provide the reasoning behind the decisions, creating a clear audit trail in highly-regulated industries. Its technology is used in environmental, health and safety (EHS) […]