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Tunisian enterprise AI startup InstaDeep raises $100M from AI Capital, BioNTech, Google

TechCrunch

InstaDeep , a Tunis and London-based enterprise AI startup that creates decision-making systems for solving real-world problems, has raised $100 million in Series B financing led by Alpha Intelligence Capital and CDIB. InstaDeep was founded by Karim Beguir and Zohra Slim in 2014. Karim Beguir (InstaDeep CEO).

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Endpoint security and the rise of Managed Device Services

CIO

Despite growing interest in “as a service” consumption models for everything from infrastructure to storage, most enterprises have continued to procure, maintain, and manage endpoint devices in-house. Analysts predict the market will then grow rapidly as more enterprises adapt to the model: from $51.7 billion in 2021 to $1.8

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SambaNova raises $676M at a $5.1B valuation to double down on cloud-based AI software for enterprises

TechCrunch

Artificial intelligence technology holds a huge amount of promise for enterprises — as a tool to process and understand their data more efficiently; as a way to leapfrog into new kinds of services and products; and as a critical stepping stone into whatever the future might hold for their businesses. Green shoots for software companies.

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McKinsey, eyeing the MLOps space, buys Tel Aviv-based Iguazio

TechCrunch

The same day Microsoft invested billions in OpenAI, McKinsey snatched up an enterprise-focused AI firm, Iguazio, for a relative steal. “Iguazio has a state-of-the-art technology that has generated significant market traction with some of our marquee clients and earned them top-industry recognition,” Ellencweig continued.

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Accern lands $20M for AI that analyzes financial documents on the web

TechCrunch

CEO Kumesh Aroomoogan says that the new capital will be put toward “product-led growth,” expansion into new markets, and R&D on Accern’s AI technologies. ” Kumesh Aroomoogan, a former research analyst for Wall Street firms including Citigroup, cofounded Accern with Anshul Vikram Pandey in 2014.

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Ushur, which aims to automate aspects of the customer experience, raises $50M

TechCrunch

Ushur, which Sadasiva co-founded in 2014 with ex-Lucent Technologies staffer Henry Peter, targets enterprises in heavily regulated industries such as insurance, healthcare, financial services and banking with tools designed to simplify the adoption of tech like conversational AI and intelligent document processing. . Fair question.

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Industrial IoT startup Litmus Automation bags new cash to grow its product

TechCrunch

Amazon’s even thrown its hat in the ring with Lookout for Equipment, launched in April, which ingests sensor data from industrial equipment and then trains an algorithm to anticipate machine failure. “The biggest challenge enterprise companies face is access to the data they need to fuel machine learning and AI models.

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