Top Artificial Intelligence Investments in June 2020


Artificial Intelligence Investment

Artificial Intelligence is growing at a faster pace. With this faster pace, it is also attracting a series of funding and financial investments. Let’s go through some of the important investments in artificial intelligence companies in June 2020.

 

7bridges

Amount Funded: $3.4 million

Transaction Name: Seed Round

Lead Investors: Crane Venture Partners and LocalGlobe

7bridges is an AI-powered optimization engine for organizations to scale and automate supply chains and logistics.  7bridges has reported that it has raised a $3.4 million seed funding, which was co-driven by Crane Venture Partners and LocalGlobe, permitting the turn out of the Logistics Engine Optimization ‘L.E.O’ innovation to customers worldwide, in enterprises from retail and design to med-tech and manufacturers.

 

Replai

Amount Funded: €1.2 million

Transaction Name: Seed Funding

Lead Investors: Bright Pixel

Portuguese startup Replai, which utilizes AI-driven short-videos to draw in sports fans, has brought €1.2 million up in seed financing. The round was driven by Bright Pixel, alongside Ideias Glaciares, Clever Advertising and other c-level business angels from Whatsapp, Playrix, Nekki, Aptoide, Dashdash and Unbabel. The funding will be utilized for business development, to develop the team and grow universally, with the UK and the US as priorities.

 

Temporall

Amount Funded: £1m seed

Transaction Name: Seed Funding

Lead Investors: Luminous Ventures

Temporall, a London, UK-based tech startup advancing a workplace insights platform, raised £1m seed funding. The round was driven by Luminous Ventures. The organization will utilize the funding to grow its operations and its business reach.

Temporall gives an AI and analytics-based platform to give key performance insights to leadership teams. A significant number of the world’s biggest brands, management experts and partners utilize its platform and its products.

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Hash

Amount Funded: $2.5 million

Transaction Name: Seed Funding

Lead Investors: Root Ventures and Zetta Ventures

The New York-based AI simulation startup, has raised $2.5 million up in seed funding led by Root Ventures and Zetta Ventures. HASH is real-time modeling and simulation of complex systems. HASH builds up a set-up of software and open-source components that empower programming engineers to make simulations of complex systems through composable parts.

 

Gaze

Amount Funded: US$830,000

Transaction Name: Seed Funding

Lead Investors: Anchorless Bangladesh

Gaze, a Singapore and Bangladesh-based Artificial Intelligence startup, has as of late brought US$830,000 up in seed funding led by US-based venture capital firm Anchorless Bangladesh, with follow-on capital from angel investor Mr Mohammad Maaz. It is an API platform for visual API platform AI, with highlights supporting OCR, image product tagging, object detection, and more.

 

Pactum

Amount Funded: $3 million

Transaction Name: Seed

Lead Investors: Berlin-based Project A

Pactum, an Estonian-established AI platform that automates contract negotiations, has raised a $3 million seed round driven by Berlin-based Project A. DocuSign and different previous investors also participated. Pactum’s AI chatbot independently negotiates these supplier contracts with real people on the other end, utilizing best practices from ‘negotiation scientists’ and then updates the new contract subtleties in ERP, CRM and different systems.

 

Nana

Amount Funded:

Transaction Name: Seed funding

Lead Investors: Y Combinator

The company raised an undisclosed amount of Seed funding. Nana is building the Guild for the eventual future of work. A distributed workforce of tradespeople, starting with the $4B Appliance Repair industry. Nana is an on-demand home maintenance marketplace. A marketplace meets modern trade school, showing new aptitudes and associating the 10M+ Americans who will be affected via automation to more compelling jobs in the home services space.

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Nana is a place for consumers to complete things, and AI and a learning management system for skilled professionals.

 

Nextbillion.ai

Amount Funded: $7 million

Transaction Name: Series A

Lead Investors: Lightspeed Venture Partners and Falcon Edge Capital

Nextbillion.ai, the Singapore-headquartered AI startup established in January this year, has raised a $7 million Series A funding co-driven by Lightspeed Venture Partners and Falcon Edge Capital. Nextbillion.ai plans to offer a wide scope of AI-fueled hyperlocal solutions starting with the area of mapping.

 

Drishti Technologies

Amount Funded: $25 million

Transaction Name: Series B

Lead Investors: Sozo Ventures

The Palo-Alto based startup furnishes new datasets with respect to manual tasks that drive business insights, enabling individuals in gathering processing and introducing another era of manufacturing – AI-powered production.

It raised $25 million up in its Series B funding round from US-based venture capital firm Sozo Ventures. Different investors, for example, Alpha Intelligence Capital, Toyota AI Ventures, Micron Ventures, Presidio Ventures, HELLA Ventures, just as existing financial specialists Emergence Capital, Benhamou Global Ventures, and Andreessen Horowitz, likewise took part in the funding round.

 

Lincode Labs Inc

Amount Funded:

Transaction Name: Seed

Lead Investors: Come Back Capital and RSCM LLC

US and Bengaluru-based Lincode Labs Inc, an AI-sponsored visual inspection startup declared that it has raised seed funding from Come Back Capital and RSCM LLC. The startup likewise got extra funds through angel investment driven by The Enfich Group.

Lincode Labs plans to use the institutional funding for product development, research and development, sales and marketing activities. The angel investment will be used for patent-filing and business expansion.

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