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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.

Flex Logix Raises $55 Million As It Accelerates Market Adoption of AI Inference

Flex Logix Technologies, Inc., supplier of the fastest and most-efficient AI edge inference accelerator and the leading supplier of eFPGA IP, announced the close of a $55 million oversubscribed Series D funding round. Mithril Capital Management led the financing with significant participation by existing investors Lux Capital, Eclipse Ventures and the Tate Family Trust.

Cymbio Raises $7 Million Series A Round to Help Brands Scale Digital Sales

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Cymbio, the leader in brand-to-retailer connectivity, announced that it has raised a $7 million Series A financing round led by Vertex Ventures, with participation of Yuval Tal (founder of Payoneer) and existing investors Udian Investments and Ron Zuckerman. The funds will be used to expand Cymbio’s global footprint across R&D, sales and marketing.

FiVerity Secures $2 Million Round to Accelerate Growth and Expand its Cyber Fraud Detection Platform for Banks, Credit Unions and Credit Card Providers

FiVerity, Inc., a leading provider of cyber fraud detection and threat intelligence, announces that it closed a $2 million round of financing to expand its cyber fraud detection and threat intelligence platform, which addresses growing types of cyber fraud for financial institutions. The investment was fueled by Mendoza Ventures and a class of super-angels from the cybersecurity and financial services industries, including serial entrepreneur Doug Levin, who has been appointed as the company’s Executive Chairman. FiVerity will use the funds to expand its products and ramp up sales and marketing efforts.

High Wire Networks Partners with wekos to Deliver Overwatch 24/7 Cybersecurity Solutions

Spectrum Global Solutions Inc., announced that High Wire Networks Inc. (“High Wire”) and its cybersecurity business unit, Overwatch Managed Security, has partnered with wekos, a leading provider of IT managed services, to distribute High Wire Network’s flagship Overwatch 24/7 managed security solution to its business customers

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