Funding flows to Zurich: Teralytics raises $17.5 million, AI tech startup Deepcode scores $4 million

Two noteworthy funding announcements coming out of Zurich, Switzerland today – and both from spin-offs from the ETH: 1) Mobility intelligence startup Teralytics has secured $17.5 million in a funding round led by Robert Bosch Venture Capital together with Deutsche Bahn Digital Ventures, innogy Ventures, LBBW Venture Capital, Liil Ventures, Atomico and Lakestar. The company […]

French AI tech company Sinequa raises $23 million from Jolt Capital and Troismer

Paris-based Sinequa, which offers AI-powered search and analytics solutions, has raised $23 million in a financing round led by PE firm Jolt Capital and joined by prior backer Troismer. Sinequa’s platform offers corporate customers – mostly in the finance and pharmaceutical industries – access to all their corporate data, whether structured or unstructured, connecting knowledge […]

Belgium’s icometrix raises $18 million to boost development of its brain imaging AI solutions

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 […]

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 […]

UK-based AI chipmaker Graphcore scores $200 million in funding from BMW, Microsoft and others at a $1.7 billion valuation

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 […]