Deepbrain is closing a $35 million Series B financing round. The company has raised $52 million to date, with investors such as IDG Capital China, CH & Partners, Donghun Investment, L&S Venture Capital, and Posco Tech Investment. The company has 100 employees and has raised $52 million in funding. Deepbrain will use the funds to build an AI platform that will help businesses manage their data.
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New York City-based journalist Kyle Wiggers covers artificial intelligence for VentureBeat. He specializes in the field of machine learning and has written for such outlets as TechCrunch, Digital Trends, and various gadget blogs. He lives with his partner in Brooklyn and dabbles in the piano occasionally.
Deep Vision closed a $35 million Series B financing round
Deep Vision is a US-based artificial intelligence semiconductor company that has recently closed a $35 million Series B funding round led by Tiger Global. Its other investors include Exfinity Venture Partners, SiliconMotion and Western Digital. The new money will help the company accelerate its development and manufacturing of its AI processors.
The company’s previous financing rounds have included $10 million from Accel Partners and $22.5 million from Intel Capital. This latest round comes after it raised $7.5 million from existing investors. It follows a $10 million seed round led by Intel Capital, which had invested in the company in April. The funding comes from existing investors and strategic partners.
The company plans to expand its product offerings to edge computing, video analytics, natural language processing, and video analytics. Its latest funding round has come at a crucial time for the company, as it looks to continue growing. FloBiz is another startup that aims to help small businesses digitize their business processes. It closed a $35 million Series B financing round and plans to continue expanding its business in the future.
The latest funding round comes at a time when edge computing is booming in industries such as manufacturing, health care, and energy. Grand View Research estimates that the edge computing market will grow to $6 billion by 2021. Deep Vision, which was born out of Stanford University’s artificial intelligence lab, developed specialised processors for edge AI applications. Its flagship chip provides real-time video analytics and natural language processing. The company’s products are already being used in smart cities and smart retail.
The company also closed a private financing round in October. It previously raised EUR75 million for its first clinical trials. The latest funding will help the company expand its pipeline and advance its lead cancer programs to the clinic. Deep Vision also says the new funding will be used to enhance the company’s drug discovery platform.
Lightswitch Capital, Jeff Chen, and Novartis Institutes for BioMedical Research have all invested in Deep Vision. The funding will enable the company to move forward with its artificial intelligence-enabled brain biomarker platform and launch new clinical trials in areas of high unmet medical need. Phase 2b data from these trials is expected in early 2024.
Earlier this year, 9 Deep AI raised $35 million in a financing round led by Tiger Global. The company’s recent funding round will support the company’s continued development. The company aims to apply artificial intelligence to various industries. It is led by a team of experts from the computer science sector.
Tiger Global led the financing round.
The recent 9 Deep ai 35M Series financing round led by Tiger Global is an example of how fast venture capital firms can move. The speed at which these companies can raise capital is a source of some controversy. For starters, the diligence process that Tiger Global uses is notoriously quick. This is largely because most of its diligence takes place before it approaches a company.
Tiger Global’s strategy is focused on growth-oriented private companies, with a particular focus on Asia and the U.S., though it also has affiliates in Beijing and Singapore. The majority of Tiger’s investments are in early-stage startups, with about 30% of its capital invested in Series A to C companies. Up until March 2019, Lee Fixel led Tiger Global’s private equity business. The firm’s headquarters are located in New York City, with affiliate offices in Beijing, Hong Kong, and Singapore.
Tiger Global has led a $35 million Series B financing round for Deep Vision, a company developing a deep learning processor for edge computing workloads. The company will use the funds to expand the capabilities of its AI processor and to support its rapidly growing customer base. Other investors include Western Digital and Exfinity Venture Partners.
The company had previously raised $9 million in seed funding. In June, it raised another $1 million from Sequoia Capital. That round included existing investors and prominent angels such as Vijay Shekhar Sharma, Ankush Sachdeva, and Gaurav Agarwal.
Tiger Global’s investment in Jar reflects the growing demand for its fintech savings app. The company plans to use the new funding to expand its workforce and enhance its technology stack. It will also launch a gold-based savings product in June 2021. Further, the company also plans to expand into other asset classes.
In addition to providing cybersecurity solutions, Vanta’s platform helps organizations meet compliance standards like GDPR and HIPAA. The startup helps organizations scale their security teams without compromising their security and compliance standards. The company is also able to help organizations prove compliance with regulatory frameworks, which makes it easier to win new business.
Vanta is a cybersecurity startup with a mission of making the world a more secure place. The company’s goal is to provide a single platform that combines security and compliance. Founded in 2010, the company has grown rapidly over the past three years, doubling its customer base every six months and generating more than $10 million in annual recurring revenue. It has more than 1,000 paying customers, including Clubhouse, Lattice, Notion, and UserTesting. The company has recently closed a $50 million funding round led by Sequoia Capital, and is using the money to expand its product and services. In addition, it plans to open a second office in New York City.
Conclusion
Deep Vision is now in the series C stage with a $90 million funding round led by General Catalyst. The company is also receiving funding from General Catalyst, Wellington Management, and Pfizer. Its platform helps physicians diagnose and treat patients and provides real-world data.
