venture capital

Secure Instant Messaging Startup Takes Advantage of Onfido Identity Verification

Secure Instant Messaging Startup Takes Advantage of Onfido Identity Verification

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…

Qualcomm to Focus on AI with New $100M Investment Fund

Qualcomm to Focus on AI with New $100M Investment Fund

“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…

China AI Computer Vision Firm AEYE-GO Scores VC Funding

China AI Computer Vision Firm AEYE-GO Scores VC Funding

“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…

China’s Airbnb Rival Looking Into Face-Scanning Smart Home Tech

China’s Airbnb Rival Looking Into Face-Scanning Smart Home Tech

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…

Human Behavior-Focused AI Startup Gets $10M in Funding Round Led by Microsoft’s M12

Human Behavior-Focused AI Startup Gets $10M in Funding Round Led by Microsoft’s M12

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 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,…