High-risk Artificial Intelligence applications in use across the EU are set to come under the scope of new rules as part of the European Commission’s bid to bolster trust in next-generation technologies, while also safeguarding opportunities for innovation. As part of the plans unveiled by the EU executive on April 21, a narrow set of […]
Earlier today at Web Summit 2020, the European Investment Bank Group (EIB Group) unveiled a brand new financing instrument to support artificial intelligence companies across Europe. The co-investment facility of (up to) €150 million will allow the EIB Group to invest in promising early-stage and growth-stage AI tech companies alongside funds backed by the European […]
Knowledge management platform KMS Lighthouse has announced the acquisition of fellow Israeli startup Reps AI, which specialises in AI-driven agent and employee assist technology. Although the financial terms are undisclosed, Reps AI achieved a valuation of $20 million during its last funding round in 2019. At present, Lighthouse helps businesses in various industries reduce agent […]
AI-focussed venture capital firm Air Street Capital announced the close of a $17 million fund, targeting early-stage founders in Europe and the US who combine AI expertise with sector-specific knowledge. The VC brings its own AI expertise to the table, as well. The London-based firm is led by founder and general partner Nathan Benaich, an […]
Pimloc, a London-based visual privacy and security company, has raised £1.4 million in a seed funding round led by Amadeus Capital Partners with participation from Speedinvest and existing shareholders. Founded in 2016, Pimloc has built deep learning systems for security video and diverse image collections. The technology helps organisations (both private and public) to manage […]
Dataloop, a Tel Aviv-based startup developing a platform for AI data management and annotation, is launching with a total of $16 million in funding. The investments include a recently closed $11 million Series A round led by Amiti Ventures with participation from F2 Venture Capital, OurCrowd, NextLeap Ventures and SeedIL Ventures. F2 Capital also led […]
Paris-founded startup PandaScore, which provides the fast-growing esports entertainment industry with real-time AI-powered statistics, has raised €5 million in a funding round led by V13 Invest, with prior backer Alven participating alongside sports tech investor KB Partners and aXiomatic Gaming. Collecting data from ongoing esports matches, PandaScore uses its AI tech to sift out and […]