Hot Startups: Latest News And Updates On Daily Roundup
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.
Gentem Health Closes $10 Million Series A Financing to Help Private Medical Practices Streamline and Accelerate Insurance Reimbursements
Gentem Health, a Silicon Valley startup focused on helping private practices thrive financially, has raised a $10 million Series A financing round, bringing total investment to $13.7 million. Fisayo Ositelu, M.D., a Stanford-educated physician and Emmanuel Akintayo, a former Facebook software engineer, founded the company in 2019 to address a growing crisis in healthcare — the increasing difficulty of doctors to run financially-viable medical practices due to administrative costs and poor cash flow.
NeuReality Emerges From Stealth With $8 Million Seed to Set a New Performance Standard for AI Compute Infrastructure
NeuReality, an Israeli startup developing high performance AI compute for cloud data centers and edge nodes, emerges from stealth with $8M seed from Cardumen Capital, OurCrowd and Varana Capital to fuel the growth of real-life AI applications running at scale. NeuReality will introduce its first AI platform early this year. NeuReality also announces the appointment of Dr. Naveen Rao, an AI industry expert, and former General Manager of Intel’s AI Products Group, to its Board of Directors. Prior to his role at Intel, Dr. Rao had been the CEO of Nervana Systems (acquired by Intel in 2016).
NEM Group and the NEM ecosystem, has announced that Ledger’s Nano S and Nano X hardware wallets now support the NEM NIS1 XEM token and will support the XYM token on the launch of Symbol by NEM. Ledger is a global leader in security and infrastructure solutions for critical digital assets and blockchain applications. The integration allows users to safely hold XEM and XYM assets by owning and securing their private keys with their Ledger hardware wallets, while using the NEM Nano Wallet to manage their tokens.
Ushur, the no-code intelligent automation company, announced a $5M addition to its over-subscribed $25M Series B funding in November 2020. Aflac Ventures and Iron Pillar participated in the round. This brings the total amount of the Series B to $30M, and Ushur’s cumulative funding to $41.5M. Ushur uses natural-language processing and no-code automation to deliver “digital first” customer experience solutions for industries like insurance, finance and healthcare. The platform automates interactions over web, mobile and email, transforming high-contact interactions into quick self-service workflows for the end use
Branded E-Commerce Group, a global digital consumer products platform that partners with and invests in e-commerce and marketplace brands, announced it has raised $150 million in investment capital and acquired 20 best-selling marketplace brands. Target Global co-founded the company and led the round with participation from other global funds including Declaration Partners, Tiger Global, Kreos Capital, Lurra Capital, Regah Ventures, Kima Ventures, and Vine Ventures.