startups

Hyundai Mobis Takes $5M Stake in AI Specialist

Hyundai Mobis Takes $5M Stake in AI Specialist

“The Deep Glint investment is valued at $5 million, and reflects a broader trend as the automotive sector increasingly embraces AI and biometric technologies. “ Hyundai Mobis has taken a big stake in China-based computer vision specialist Deep Glint, signalling the growing importance of AI and biometrics in the automotive sector. Deep Glint specializes in…

Computer Vision Startup Takes $4M in Series-A Funding Round

Computer Vision Startup Takes $4M in Series-A Funding Round

“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 Overtake US Firms in VC Backing: Report

Chinese AI Startups Overtake US Firms in VC Backing: Report

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,…