Secret Double Octopus has secured $15 million in Series B funding. The company plans to use the funds to continue to develop its passwordless authentication technology for the enterprise. The Secret Double Octopus solution turns an employee’s phone into a physical security token to prevent unauthorized users from gaining access to the system. It also…
San Francisco-based Proxy has announced it has raised $42 million in a Series B funding round led by Scale Venture Partners, and with participation from existing investors Kleiner Perkins and Y Combinator. Proxy aims to use the financing to fuel a rapid expansion of its identity signal solution, while growing its international footprint across Asia,…
The speech recognition specialist Deepgram has received $12 million in Series A funding. NVIDIA, Y Combinator, Compound, and SAP.iO, all participated in the funding round, though the round was ultimately led by Wing VC. Deepgram plans to use the funds to build better speech recognition solutions for enterprise-level customers. The company is specifically working on…
SiLC Technologies Inc, a developer of integrated single-chip frequency modulated continuous wave (FMCW) LiDAR solutions, has announced it has raised $12 million in seed funding led by Dell Technologies Capital. The money is expected to be used by SiLC to fund its research and development (R&D) department to help with the production of its FMCW…
Deep learning and cybersecurity company Deep Instinct has announced that it has raised $43 million in Series C funding in a round led by Millennium New Horizons, and with participation from the London-based Unbound, LG, and existing investor NVIDIA. This funding, along with previous rounds that saw the likes of Samsung and HP Inc. participating,…
San Jose data and security startup Securiti.ai has announced $50 million in Series B funding led by General Catalyst and with participation from Mayfield. Launched in 2019, Securiti.ai reports that it has already raised $81 million in funding. CEO and founder Rehan Jalil has stated that the goal of the startup is to provide an…
Seattle-based startup Haptx has announced it has secured another $12 million in funding to further develop its glove hardware. This round of funding — which brings the total amount raised by Haptx thus far to $19 million — came from Mason Avenue Investments, Taylor Frigon Capital Partners, Upheaval Investments, Votiv Capital, Keiretsu Forum, Keiretsu Capital, NetEase and Amit Kapur of Dawn…
Natural language processing company (NLP) Hugging Face has announced it raised $15 million in funding in a round led by Lux Capital, and with participation from A.Capital, Betaworks, Richard Socher, Greg Brockman, and NBA star Kevin Durant. Hugging Face originally launched a chatbot app back in 2017 that allowed users to generate a digital friend…
Spain-based biometric authentication specialist FacePhi has received some significant financial backing from Nice & Green, a Swiss investment firm that offers investment capital to small and medium-sized listed companies. The latter has committed to delivering capital valued at 4 million euros through September of 2020. The backing will come in the form of warrants valued…
“We appreciate the continued support of our existing investors and are delighted to welcome new investors who share our vision. We are starting the process of preparing the Company for an uplisting to a national exchange in due course, which we believe will be in the best interests of the Company and stockholders.” – Philip…
The mobile voting startup Voatz has received $7 million in series-A funding from a group led by Medici Ventures and Techstars, with additional contributions from the Urban Innovation Fund and Oakhouse Partners. The money will be used to make Voatz more accessible, and to upgrade its security as it trials the platform in more jurisdictions.…
A UK FinTech startup is celebrating a big new funding round: Manchester-based Nivo brought in £2 million from GP Bullhound, the Angel CoFund, and EG Solutions CEO Elizabeth Gooch, and other investors. The startup only just launched in late 2018 as a spinoff from Barclays Bank, and specializes in secure instant messaging for financial services…
“The platform’s tools will allow for the development of computer vision systems that can detect, classify, count, and track objects, and that can perform facial recognition.” San Diego-based computer vision startup AlwaysAI has brought in $4 million in funding through a series-A investment round, the company has announced. The round was led by BRV, a…
Chinese AI startups have now overtaken their American counterparts in attracting investment, according to a new report from ABI Research. The report asserts that China-based AI firms raised $5 billion in venture capital in 2017, compared to $4.4 billion raised by firms in the US. Notably, the Chinese firms raised $4.9 billion from 19 investments,…
