Hot Startups : Latest News And Updates On Daily Roundup
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Modern bookkeeping fintech Zeni launched the first AI-powered finance concierge for startups, making its intelligent bookkeeping, accounting, and CFO services available to businesses across the United States. The company also announced it has raised $13.5 million in funding to-date, its Series A led by Saama Capital with participation from Amit Singhal, Sierra Ventures, SVB Financial Group, Liquid 2 Ventures, Firebolt Ventures, Dragon Capital, and Twin Ventures, with additional prominent angel investors.
Ibex Medical Analytics Raises $38 Million to Accelerate Adoption of AI-Powered Cancer Diagnostics in Pathology
Ibex Medical Analytics, the pioneer in AI-powered cancer diagnostics, announced a $38 million Series B financing round led by Octopus Ventures and 83North, with additional participation from aMoon, Planven Entrepreneur Ventures, and Dell Technologies Capital, the corporate venture arm of Dell Technologies, bringing total funding of Ibex to $52 million since its inception in 2016 as part of the Kamet Ventures incubator. Ibex transforms cancer diagnosis by harnessing unique artificial intelligence (AI) and machine learning technology at an unprecedented scale. The company’s Galen™ platform supports physicians and providers to improve diagnostic accuracy and efficiency and enables the development of new AI tools for precision medicine in oncology.
Aniview, a leading provider of holistic end-to-end ad-serving solutions for publishers, unveils the Connected TV (CTV) and Over-the-Top (OTT) capabilities available on its transparent video-content-management and monetization platform. The technology empowers existing and new customers alike to boost revenue through more efficient streaming capabilities. Even as vaccination rollouts bring progress in the fight against the pandemic, lockdowns and social distancing continue throughout the world and people continue to use online streaming services, such as Netflix, Hulu, HBO Max, and Amazon Prime, for entertainment and refuge. As of December 2020, Netflix had more than 204 million subscribers, and that number continues to grow. Publishers and advertisers are seeking ways to capitalize on the growing demand for video content.
Expanding on a successful partnership, ING and Flowcast Inc. announced a pilot of a platform that enables the global financial institution to predict which of its borrowers are likely to fall behind on loan payments, allowing it to take preventive and proactive measures. As part of the agreement, ING is investing an additional USD 3 million into Flowcast, a fintech startup that provides AI solutions to modernize credit and collection. Knowing which customers are likely to struggle with their debt burden allows the bank to direct experienced agents to the highest-risk cases, while offering targeted, flexible programs such as loan restructuring or eased credit terms to other at-risk groups.
StockSnips, a market leader in Financial News Sentiment Data, has released a new offering in the fast-growing ESG investment space. According to US Sustainable Investment Forum “The total US-domiciled assets under management using sustainable investing strategies grew from $12.0 trillion at the start of 2018 to $17.1 trillion at the start of 2020, an increase of 42 percent.” The adoption of ESG criteria by asset managers reflects a structural shift in investor preferences towards rewarding responsible value creation. ESG indices have performed well during the uncertain market regime caused by the Coronavirus pandemic. Institutional investors have become more aware of how corporate governance and policies can impact communities.