Week Ending 03.24.19
PROXIMA ACQUIRES MERONIMI
UIPATH & MOJO VISION COMPLETE FUNDING ROUNDS
PINTEREST & YUNJI FILE IPOS
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
Proxima Group, the London, UK-based supply chain management company, acquired Meronimi, which monitors social media with AI for data and analytics on suppliers in industries including financial services, healthcare and technology.
Virtual Halo, the Peoria, Illinois-based security services firm using AI, said it acquired Belgian security app maker Safon.
NexTech AR Solutions, the Toronto, Canada-based AR and AI company, said it is acquiring two unspecified ecommerce companies.
FILINGS
Pinterest, the San Francisco, California-based social media firm using machine learning and AI, filed for a USD 100m placeholder IPO on the NYSE.
Yunji, the Hangzhou, China-based ecommerce company using machine language and AI, filed for a USD 200m placeholder IPO on the Nasdaq.
And Lyft kicked off the roadshow for an as much as USD 2.4bn IPO. The New York Times deal break down is here.
FUNDING
UiPath, the New York City-based robotics software maker, is raising over USD 400m in a new funding round after raising USD 275m in a Series C last year, according to a TechCrunch report.
Mojo Vision, the Saratoga, California-based AR company, said it raised USD 58m in a Series B. Investors included funds run by HP, Motorola and Stanford University. South Korea’s LG Electronics also participated.
Avidbots, the Kitchener, Canada-based autonomous commercial cleaning robot maker, said it raised USD 23.6m in a Series B led by True Ventures.
Automata, the London, UK-based industrial robot maker, raised USD 7.4m in a Series A funding led by Hummingbird Ventures, according to a TechCrunch report.
FrontdeskAI, the India-based AI assistant developer, raised USD 2m in a seed round led by AI-focused pi Ventures, according to a VCCircle report.
Scope AR, the San Francisco, California-based AR company, said it raised USD 9.7m in a Series A led by Romulus Capital.
WarDucks, the Dublin, Ireland-based gaming development studio using AR, raised EUR 3.3m (USD 3.8m) in a funding round led by EQT Ventures, according to a FinSMEs report.
Alcatraz AI, the Palo Alto, California-based facial authentication firm, raised USD 6m in funding from investors including Hardware Club and Ray Stata, according to a VentureBeat report.