Neurotechnology specialist Neurable has raised $6 million in a Series A funding round. Based in Boston, the company has focused on developing wearable EEG technology designed to let users interact with software using only their minds. Neurable first demonstrated this technology in an application involving a Virtual Reality games, a collaboration with Red Bull that…
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…
GetID, a new Estonian-based Know Your Customer (KYC) identity verification company is featured at this year’s Slush Helsinki 2019 tech startup and investor conference. The main focus of GetID’s KYC platform is fraud prevention, with their goal being to make identity spoofing and money laundering using fake documents impossible. They are also currently working on…
The digital identity startup Syntizen Technologies has completed a successful Pre-Series A funding round, receiving an undisclosed amount of money from Mastercard and ACPL, a biometric solutions provider. Syntizen is based in Hyderabad, India, and plans to use the funds to improve its products and fuel its domestic and global expansion. “Mastercard’s investment is…
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…
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…
“In addition to other applications, Qualcomm’s new AI investment fund could help to shore up the company’s capabilities in biometric identification and authentication.” Qualcomm has announced a new $100 million investment fund. Aptly called the Qualcomm Ventures AI Fund, it’s kicking off with a series-A investment in AnyVision, an Israel-based computer vision specialist that previously…
“The management of Sodexo Ventures were evidently intrigued by AEYE-GO’s automated checkout kiosk technology, which is designed to use both facial and object recognition to identify individuals in a cafeteria and the items on their food trays.” AEYE-GO has become the latest China-based AI firm to receive venture capital funding, which has arrived from Sodexo…
Xiaozhu, an Airbnb-like service based in China, has announced that it has brought in $300 million in its latest financing round, and will use part of the capital influx to develop smart home technology, which could involve biometrics. The funding round was led by Advantech Capital and Yunfeng Capital, a venture capital firm backed by…
TwentyBN, an AI startup with offices in Berlin and Toronto, has announced that it just brought in $10 million through a funding round led by M12, Microsoft’s venture capital fund. As VentureBeat reports, the startup is focused on computer vision technology designed to interpret human actions. TwentyBN has been training its AI technology on 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,…
