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Flare raises $30M to raise the bar for cybersecurity threat intelligence
Cybersecurity firm Flare Systems Inc., which monitors cybercrime intelligence to identify potential threats and prevent breaches, today announced it has raised $30 million in funding to expand its platform. The round included $15 million in a Series B extension led by Inovia Capital’s Growth Fund, with participation from Base10 Partners and White Star Capital, in ...
Mimic raises $16M to build AI models for human-like robotic hands
Switzerland-based Mimic Robotics AG said Monday it has raised $16 million in seed funding from Elaia and Speedinvest to enable robotic hands to adapt to complex, high-precision tasks that conventional machinery can’t. Founderful, 1st kind, 10X Founders, 2100 Ventures and Sequoia Scout Fund also participated in the round. Today’s funding brings the total capital raised ...
SAP unveils new AI data tools at TechEd, including Snowflake zero-copy and relational AI model
Enterprise software giant SAP SE is expanding its Business Data Cloud offering and doubling down on AI-ready data architectures, with product roll-outs and enhancements focused on bringing data and AI tools to developers and data engineers. Today, during TechEd, the company’s annual event for developers and information technology professionals, SAP announced a slate of new ...
Planbase launches with $2.1M to bring AI automation to healthcare workforce management
Planbase Technologies Inc., an artificial intelligence-powered employee management platform for healthcare, today announced its launch with $2.1 million in funding. The investment round was joined by Y Combinator, LocalGlobe and several prominent angels. Planbase said it will use the funding to expand efforts to court medium-sized and large clinics nationwide and grow its software engineering team. ...
Zynk raises $5M to support instant cross-border payments
Financial infrastructure provider Zynk Labs Pte. Ltd. today announced it has raised $5 million in a seed round to build on its mission to eliminate prefunding and liquidity issues for payment companies worldwide. The investment round was led by Hivemind Capital, with participation from Alliance DAO, Coinbase Ventures, Transpose Platform VC, Polymorphic, Tykhe Ventures and ...
Zscaler acquires Splx to enhance AI app inspection and protection
Cloud security company Zscaler Inc. today announced its acquisition of SplxAI Inc., a security platform designed for artificial intelligence, in a bid to bolster the firm’s AI asset discovery and protection for enterprise teams. Zscaler said it intends to expand the company’s zero-trust capabilities by adding Splx’s AI asset discovery, automated red teaming and governance ...
Google rolls out Android AI-powered features and updates for developers
Google LLC’s Android division today announced several artificial intelligence-powered features aimed at Android developers, offering powerful ways to build advanced intelligent apps for mobile and other devices. Among the new features, Android developers can now easily unlock powerful on-device AI with Google Nano, the company’s relatively tiny large language model, and access image generation alongside ...
Legaltech AI startup Legora raises $150M at $1.8B valuation
Stockholm-based Legora AB, a provider of collaborative artificial intelligence for lawyers, today announced that it has raised $150 million at a valuation of $1.8 billion. Bessemer Venture Partners led the Series C round, with significant additional investment from existing investors ICONIQ, General Catalyst, Redpoint Ventures, Benchmark and Y Combinator. The round comes on the heels ...
IBM releases small open-source Granite 4 models for mobile devices and browsers
IBM Corp. today announced the release of Granite 4 Nano, a family of extremely small generative artificial intelligence models designed to run at the edge, on-device or in browsers. The company said the models exhibit extremely high performance for size and represent the company’s smallest models yet. The Granite 4.0 Nano family includes four instruct ...
Columnar launches to redefine data connectivity with Arrow-powered ADBC drivers
Columnar, a startup founded by core Apache Arrow developers, launched today with $4 million to accelerate data connectivity using Arrow-based drivers. Bessemer Venture Partners led the company’s seed funding round with participation from Breakers, K5 Tokyo Black, Next Play Ventures and Composed Ventures, alongside a number of angel investors. True to its name, Columnar wants ...