Artificial Intelligence is transforming the finance, investment and startup industry in many exciting ways. AI is helping reduce costs as well as open up new possibilities. Here are some of the latest news and insights.
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Source.ag, the leading artificial intelligence (AI) provider for greenhouse growers, has raised $23 million in its Series A funding round, bringing its total funding to $35 million. It will use the funds to introduce two new groundbreaking AI products that will drive safe, reliable and climate-resilient food production by providing greenhouse growers with advice on the optimal way to grow their crops. February 2023 [Investment, startup]
Scrut Automation has raised $7.5 million
Scrut Automation has raised $7.5 million in new funding to simplify risk management and infosecurity compliance, deepen its risk observability and management capabilities, and expand its presence in the U.S. market. February 2023 [Investment, startup]
NeoSwap AI has raised $15 million
NeoSwap AI, an AI-powered NFT trading startup, has raised $15 million from prominent investors led by DACM and AngelHub. It seeks to revolutionize commerce through personalized, accessible, and efficient trade discovery. February 2023 [Investment, startup]
Metomic raises $20 million for their AI security platform
Metomic has raised $20 million in a Series A funding round to invest in its artificial intelligence technology and provide no-code procedures to help security, privacy, and compliance teams automate data policies across software-as-a-service (SaaS) apps. February 2023 [Investment, startup]
Brevity raises $2 Million for their AI-assisted pitching analysis platform
Brevity, a Minneapolis-based firm, has raised over $2 million in funding, the majority of which has come from Lightship Capital. The AI-powered platform helps users hone their communication skills for presentations, sales pitches, and job interviews. The bulk of the fresh capital will go towards boosting sales and entering new markets, while the rest will go towards developing new products and covering other operational expenses. February 2023 [Investment, startup]
Riiico Raises $15 Million to Expand its AI-Powered Insurtech Platform
Riiico, an insurtech startup based in Germany, has raised $15 million to improve its platform and move into new markets. The insurtech company offers online insurance services and AI-powered risk assessments to help customers figure out how much their insurance premiums will be. The money will help Riiico keep growing quickly and give customers a better, more efficient insurance experience. – February 2023 [Investment, startup]
Triple Whale Secures $25 Million to Help Shopify Merchants Grow
Triple Whale, a firm that aids Shopify merchants in expanding their companies, has raised $25 million. The funding will be utilised to further develop and grow Triple Whale’s AI-powered platform for Shopify retailers. The investment demonstrates the increasing need for solutions that assist e-commerce enterprises in improving their operations and customer service. – February 2023 [Investment, startup]
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