AI Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Artificial Intelligence, Machine Learning, Robotic Process Automation, Fintech, and human-system interactions. We will cover the role of AI Daily Roundup and its application in various industries and daily lives.
MyGate Forays into ‘Community Omnicommerce’ with Launch of MyGate Exclusives.
Bengaluru-based security and community management app startup MyGate has announced its foray into ‘‘Community Omnicommerce’ with the launch of MyGate Exclusives. The launch is set to enable over 15000 societies in 2.5 million+ urban homes to take advantage of collective buying power. The section has gained significant traction during its six-week soft launch, with a third of daily users exploring the unique offerings. At present, more than 80 emerging and national brands have been onboarded across categories, and by March 2021, MyGate plans to enroll over 200 brands.
1Kosmos Secures $15 Million in Series A Funding from ForgePoint Capital
1Kosmos, the only cybersecurity solution to provide digital identity proofing and passwordless authentication, announced a $15 million investment from ForgePoint Capital, the premier venture investor for early-stage cybersecurity companies. With the closing of this funding round, 1Kosmos comes out of stealth mode to offer a unique security platform that brings the highest identity and authentication assurance levels through advanced biometrics and a private blockchain ecosystem. Led by CEO Hemen Vimadalal, CTO Rohan Pinto and CSO Mike Engle, 1Kosmos’ family of products—BlockID Verify, BlockID Workforce and BlockID Customer—delivers unmatched security for enterprises and individuals.
Axiom Space Raises $130 Million in Series B Funding
Axiom Space, Inc., which is developing the world’s first commercial space station, has raised $130M in Series B funding. The round was led by C5 Capital and includes TQS Advisors, Declaration Partners (the investment firm backed by David M. Rubenstein), Moelis Dynasty Investments, Washington University in St. Louis, The Venture Collective, Aidenlair Capital, Hemisphere Ventures, and Starbridge Venture Capital. The new financing will accelerate the growth of Axiom’s workforce and construction of its privately developed space station. The Axiom Station will serve as the central pillar of a thriving network of commerce in Earth’s orbit – a linchpin of a space economy that Bank of America and Morgan Stanley both project could be valued at more than $1 trillion in the next few decades.
SPARK Microsystems Announces CDN$17.5 Million Financing Led by Cycle Capital to Drive Commercialization
SPARK Microsystems, a fabless semiconductor company leading the way in ultra-low power, ultra-low latency wireless communications, announces the closing of a CDN$17.5 million equity financing to accelerate commercialization. Led by Cycle Capital, the round included new investors ND Capital (a Silicon Valley and Europe-based venture capital firm dedicated to disruptive technologies) and Export Development Canada, as well as existing investor Real Ventures and private investors. Proceeds will be used to fund high-volume manufacturing, sales ramp and expanded R&D for next generation products.
Higher Ed AI Pioneer Raises $14 Million to Realize the Potential of Chatbots for Student Success
Boston-based AdmitHub, whose conversational student engagement platform boosts enrollment, persistence, and completion at hundreds of colleges and universities across the country, announced that it has secured $14 million in Series B funding led by Rethink Education. The financing round, which was joined by ECMC Group’s Education Impact Fund and Kresge Foundation’s impact investment fund, will support AdmitHub’s work to tap emerging technologies that address the most critical challenges faced by students and institutions.
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