Week Ending 01.20.19

LIONBRIDGE ACQUIRES JAPANESE MACHINE LEARNING FIRM
AUTOGRID TAKES SHELL INVESTMENT
APTTUS HIRES CEO
AND MORE ↓

EYE ON A.I. GETS READERS UP TO DATE ON THE LATEST FUNDING NEWS AND RELATED ISSUES. SUBSCRIBE FOR THE WEEKLY NEWSLETTER.

MERGERS AND ACQUISITIONS

Lionbridge, the Waltham, Massachusetts-based corporate communications firm, said it acquired Gengo, the Tokyo-based machine learning company.

FILINGS

No S-1s related to artificial intelligence were filed this week.

FUNDING

AutoGrid, the Redwood City, California-based cybersecurity firm using AI, said it raised an unspecified amount from the venture capital unit of Royal Dutch Shell, the oil and gas producer. The money raised was an extension of a Series D announced in September.

LEGAL & REGULATORY

AI is failing the next generation of women, according to a World Economic Forum report.

The US Congress can help ensure AI leadership, according to an opinion piece in The Hill.

PEOPLE

Apttus, the San Mateo, California-based business services company using AI, said it hired former Microsoft executive Frank Holland as CEO.

iTutorGroup, the Shanghai, China-based online education company using AI, said it hired Sung-Min Chung as CFO.

DATA

89% of finance professionals feel they don’t have the AI skills they need, according to a Association of International Certified Professional Accountants and Oracle survey. Access the report here and a review here.

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