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.

Photomath, the World’s Most Popular Math Learning App, Secures $23 Million in Series B Funding

Photomath, the #1 math learning app with over 220 million downloads, announced it had secured $23 million in Series B funding led by Menlo Ventures, with participation from GSV Ventures, Learn Capital, Cherubic Ventures and Goodwater Capital. Photomath is free and simple to use and acts as a digital math tutor for students and parents struggling with math homework. By scanning a handwritten or printed math problem from a smartphone, Photomath uses computer vision and machine learning to recognize and instantly solve basic arithmetic to advanced calculus. And, Photomath provides step-by-step instructions to guide students to understand and master math concepts.

Bee Mortgage App Hit First Seed Raise Goal and Thousands of Organic App Downloads

Bee Mortgage App, the first app built for an exclusive mobile mortgage experience, successfully hit the first raise mark of its Seed round. Additionally, the Bee Team has been thrilled to watch its brand awareness increase with over 3,500 organic downloads generating quality mortgage leads for its banking customer. After a breakout year in 2020, Bee founders are continually approached to share their vision for how Bee app’s user experience and automation technology will completely disrupt the mortgage industry as we know it.

OpenBots Announces Acquisition of MyOfficeBot to Enhance Its Service Capabilities

OpenBots, Inc., the world’s leading, enterprise-grade open source RPA platform, announced that it has acquired RPA-as-a-Service startup MyOfficeBot. The acquisition enhances OpenBots’ ability to provide its customers with a comprehensive suite of automation tools and managed service solutions, continuing the OpenBots mission to make automation accessible for all. MyOfficeBot, built on a “fixed price, fixed timeline, fixed outcome” business model, has gained recognition in the RPA space for its ability to quickly discover, create, and implement processes and deliver clients a fully trained RPA automation “OfficeBot”. The strategic acquisition of the company opens new market opportunities for OpenBots and enables the RPA firm to further productize and scale its automation tool suite to continue improving an already robust open source platform.

Recogni Raises $48.9 Million Series B Investment Led by WRVI Capital

Recogni, the developers of an AI vision cognition system for autonomous vehicles, announced $48.9 million in a Series B financing round, led by WRVI Capital, a prominent global technology investor. The proceeds will help Recogni bring its perception platform to market and expand its engineering and go-to-market teams. In addition to WRVI Capital, new investors Mayfield Fund, Continental, and Robert Bosch Venture Capital joined existing investors GreatPoint Ventures, Toyota AI Ventures, BMW i Ventures, Fluxunit – OSRAM Ventures, and DNS Capital in the current financing round.

Foko Retail Secures $3 Million in Investment, LED by BDC Capital

Foko Retail, a leader in the retail communication and task management software space, announced that it has raised $3 million in funding. The largest contribution is coming from BDC Capital, as well as Canada Economic Development for Quebec Regions (CED), local economic development agency ID Gatineau, and current shareholders. Foko Retail provides a SaaS-based communication and task management platform to 60+ leading global retailers like Whole Foods, New Balance, CVS and Five Below. The funds raised will drive the company’s penetration of international retail markets, and further develop its current suite of products by enabling research and development.