Acrew Capital has raised $ 700 million in fresh funds. The San Francisco-based venture capital firm announced in a blog post on Thursday that it raised $ 700 million to invest in companies building in data and security, healthcare, or fintech. This fundraise brings the firm’s assets under management to $ 1.7 billion. It’s unclear […]
Omnea raises $25M to tackle the painfully annoying procurement market
Procurement — the process of requesting, vetting and eventually buying IT and other supplies in an organization — is typically one of the more frustrating, dry, yet inevitable aspects of a workplace. When you are in need of a new app or device, or when you need to renew an existing contract for one in […]
Health insurtech startup Qantev raises €30 million to outperform LLMs with small AI models
Health and life insurance providers face a rising volume of claims due to chronic disease and aging populations, but their processes lack scalability. AI automation can help, but it takes more tailoring than for other insurance types. Automating property and casualty insurance, for instance, gave rise to public company Guidewire decades ago, but health insurance […]
Distributional raises $19M to automate AI model and app testing
Distributional, an AI testing platform founded by Intel’s former GM of AI software, Scott Clark, has closed a $ 19 million Series A funding round led by Two Sigma Ventures. Clark says that Distributional was inspired by the AI testing problems he ran into while applying AI at Intel, and — before that — his work […]
KoBold Metals, which uses AI to help find critical minerals for the energy transition, raises $491M
Earlier this year, KoBold Metals found what might be one of the largest high-grade copper deposits of all time, with the potential to produce hundreds of thousands of metric tons per year, the company’s CEO said. Now, just eight months later, KoBold is close to raising over half a billion dollars. The funding should help […]