Week Ending 11.4.18
IPSOS ACQUIRES SYNTHESIO
BIONIK PLANS FOLLOW ON & UPLIST
INNOGRIT CO-FOUNDER SUES
MOOGSOFT HIRES CFO & COO
AND MORE ↓
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MERGERS AND ACQUISITIONS
Success Entertainment, the Taipei, Taiwan-based education and video sharing firm, said it acquired an undisclosed stake in Taipei Artificial Intelligence Wallet Technology. Terms weren’t disclosed.
Ipsos, the Paris, France-based marketing firm, said it acquired Synthesio, the social media marketing company using AI, for USD 50m in cash.
APPx, the Vancouver, Canada-based financial technology incubator, said it is seeking blockchain acquisitions. It shares began trading on the Canadian Securities Exchange on Friday. APPx is also developing a AR advertising application.
Slyce, the Philadelphia, Pennsylvania-based company making a visual app for retailers using AI, said it acquired the intellectual property assets of Ditto Labs. Terms weren’t disclosed.
Questel, the Salt Lake City, Utah-based business services firm, said it acquired MultiLing, the language translation company using AI.
Other deals include Delair and WC SACD One Parent
FILINGS
Cognex, the Natick, Massachusetts-based sensor maker using AI, announced an up to USD 200m buyback.
ThreeD Capital, the Toronto, Canada-based venture capital firm focused on resources, AI and blockchain, said it raised CAD 1.09m (USD 828,425) from the private placement of 10.85m shares with warrants at CAD 0.10 each.
In August ThreeD raised a more than planned CAD 1.3m (USD 996,892) in a private placement of 13.2m shares and warrants at CAD 0.10 each. Earlier the company said it planned to raise as much as CAD 1m.
Webstar Technology, the Jacksonville, Florida-based educational services firm using AI, said it is raising as much as USD 20 in an over the counter initial public offering.
Bionik Laboratories, the Toronto, Ontario-based company developing treatments for neurological diseases with AI and robotics, said it is raising USD 10m in a Nasdaq uplist. At the same time it also announced a 1-for-150 reverse stock split
Other filings include NeuroOne Medical Technologies, which said it planned to form an advisory board to explore AI applications
FUNDING
Neo4j, the San Mateo, California-based graphing database company using AI, said it raised USD 80m in a Series E led by a Morgan Stanley fund and One Peak Partners.
RingDNA, the Los Angeles, California-based marketing platform using AI, said it raised USD 60m in a Series B led by a Goldman Sachs growth fund.
Esperanto Technologies, the Mountain View, California-based company developing AI computer processors, said it raised USD 58m in a Series B from undisclosed investors.
98point6, the Seattle, Washington-based healthcare company using AI, said it raised USD 50m in a Series C “anchored” by Goldman Sachs. The company developed an app connecting doctors with patients.
Conversica, the Foster City, California-based marketing services firm using AI, said it raised USD 31m in a Series C led by Providence Equity Partners.
Airobotics, the Tel Aviv, Israel-based automated drone maker, said it raised USD 30m in a Series D led by New York’s Pavilion Capital.
AppZen, the San Jose, California-based business services firm using AI, said it raised USD 25m in a Series B led by Lightspeed Venture Partners.
omni:us, the Berlin, Germany-based insurance services company using AI, said it raised USD 22.5m in a Series A led by German venture capital fund Target Global.
Waterline Data, the Mountain View, California-based data and compliance services firm using AI, said it raised USD 14.5m in a Series C led by Menlo Ventures. India’s Infosys also participated.
AnyMind, the Singapore-based marketing company using AI, said it raised USD 13.4 million in a Series B led by Japanese messaging app Line and the Mirai Creation Fund, which is backed by Japanese car maker Toyota and Sumitomo Mitsui Banking.
IntelyCare, the Quincy, Massachusetts-based healthcare staffing company using AI, said it raised USD 10.8m from a Series A led by Leerink Revelation Partners, the healthcare industry focused investment fund.
Micropsi Industries, the Berlin, Germany-based robotics software maker, said it raised USD 6.1m in a Series A led by German investment fund Project A.
Zylotech, the Cambridge, Massachusetts-based marketing firm using AI, said it raised USD 5.5m in a funding round led by Glasswing Ventures. The company was spun out from the Massachusetts Institute of Technology last year.
Quanergy Systems, the Sunnyvale, California-based company developing AI software used in autonomous driving, said it raised an unspecified amount in a Series C. The company did not disclose the investors in the round. It said the round valued the company at over USD 2bn.
Last month former Ford executive Karen Francis joined Quanergy’s board of directors.
Datametrex AI, the Toronto, Canada-based company operating AI and blockchain businesses, said the Canadian Securities Exchange conditionally approved the reverse merger of its unit Graph Blockchain with Reg Technologies. Graph is also planning to raise CAD 1m (USD 764,924) in a downsized private placement of an unspecified number of shares with warrants at USD 0.30 each.
The company said in September it planned to raise up to CAD 4m from the sale of 13.3m shares with warrants at CAD 0.30 each. Shareholders approved the deal in September.
More from Datametrex regarding another subsidiary here.
WeRide.ai, the Guangzhou, China-based company developing autonomous driving vehicles, has taken an unspecified investment from the venture capital arm of Renault-Nissan-Mitsubishi.
Curetis, the Holzgerlingen, Germany-based medical diagnostics company using AI, said it is raising up to EUR 18.46m (USD 21.92m) from the private placement of 7.1m shares at EUR 2.60 to EUR 2.00 each.
Visla Labs, the San Francisco, California-based radiology diagnostics firm using AI, said it raised USD 3 million in a seed funding led by Lux Capital.
Other deals include Liberty Defense and Validere
LEGAL & REGULATORY
Innogrit co-founder David Chen sued the San Jose, California-based AI data storage company for, among other things, wrongful dismissal and breach of contact.
A new federal regulator is necessary to protect society’s most vulnerable from AI, according to a recent report from Public Knowledge.
PEOPLE
Lark Health, the Mountain View, California-based medical app developer using AI, said it hired TripAdvisor executive Dr Sharon Rapoport as vice president of data science.
Last week the company hired Dr Rosemary Ku as chief medical officer. She held the same role at Restore Health, which was acquired by Zillion, another healthcare company.
NuMedii, the San Mateo, California-based drug developer using AI, said it hired Heather Arnett as vice president of research. She was director of research at pharmaceutical company Amgen.
ThroughPut, the Sunnyvale, California-based company using AI to provide corporate supply chain services, said it hired Bhaskar Ballapragada as chief technology architect. Ballapragada was the chief product officer at advertising firm RhythmOne.
Last month the company hired Seth Page as COO and head of corporate development. Page joined from Progress, the business services firm, where he was general manager and executive vice president of strategic partnerships and channels.
Moogsoft, the San Francisco, California-based business software developer using AI, said it hired Raman Kapur as CFO and Amer Deeba as COO. Kapur was the vice president of finance at business software developer Splunk. Deeba was the chief commercial officer at Qualys, which also develops business software.
Board appointments include Waterline Data, CCG Analytics, NUGL and Catasys
DATA
There were no data sets in the areas we track.