Bloomberg Beta

Acclaimed AI researchers unveil Workhelix to pinpoint GenAI’s business value

Retrieved on: 
Tuesday, April 9, 2024
Research, DIRECTV, Information, Assistant, MIT, University, Bloomberg Beta, Architecture, Stanford University, PALO, Fortune 500, Workplace, Risk management

Workhelix gives them the hard numbers they need to take action,” said Workhelix cofounder Erik Brynjolfsson.

Key Points: 
  • Workhelix gives them the hard numbers they need to take action,” said Workhelix cofounder Erik Brynjolfsson.
  • "By providing a quantitative analysis of the opportunities for generative Al, Workhelix provides executives a guide to delivering value."
  • Starting today, any business can use Workhelix to get their dynamic, interactive roadmap for GenAI.
  • It’s just a question of who will seize their advantage, and who will fall behind their peers,” said Workhelix CEO James Milin.

Guardrails AI is Solving the LLM Reliability Problem for AI Developers With $7.5 Million in Seed Funding

Retrieved on: 
Thursday, February 15, 2024
Engineering, SAN, Algorithm, Pear VC, Bloomberg Beta, API, Risk management, Risk, Drive.ai, Lung compliance, Safety, LLM, Combine, Organization, Contribution, Apple, GitHub, Machine learning, Movement, Factory, OpenAI, Human, Medical device

GenAI is unlocking new workflows for AI systems to augment humans in a way that has never been done before.

Key Points: 
  • GenAI is unlocking new workflows for AI systems to augment humans in a way that has never been done before.
  • Guardrails’ safety layer surrounds the AI application and is designed to enhance the reliability and integrity of AI applications via validation and correction mechanisms.
  • With Guardrails Hub, developers can:
    Build validators: developers can create advanced validation techniques tailored to specific safety, compliance and performance requirements of AI applications.
  • "With Guardrails AI, we see not just a company but a movement towards securing AI's future in enterprise.

Lambda Raises $320M to Build a GPU Cloud for AI

Retrieved on: 
Thursday, February 15, 2024
Semiconductor, Technology, Software, Artificial Intelligence, Internet, Hardware, Cloud, Rakuten, USIT, Bloomberg Beta, Partnership, Health, Graphics processing unit, Government, SK Telecom, Commerce, GPU, Science, Deep learning super sampling, Research, H100, NVIDIA, Cryptocurrency

The company will use this new equity financing to expand its AI cloud business, including Lambda’s popular on-demand and reserved cloud offerings.

Key Points: 
  • The company will use this new equity financing to expand its AI cloud business, including Lambda’s popular on-demand and reserved cloud offerings.
  • Founded in 2012, Lambda has over a decade of experience building AI infrastructure at scale and has amassed over 100,000 customer sign-ups on Lambda Cloud.
  • "Lambda is addressing a critical market need for accessible, affordable, highly-performant cloud infrastructure designed specifically for AI workloads.
  • Our ongoing partnership with Lambda expands customer choice and paves the way forward in state-of-the-art price-performance in AI."

Air Space Intelligence Secures $34M Series B Financing Led by a16z

Retrieved on: 
Thursday, December 7, 2023
NAS, Spark Capital, Government, Software, Bloomberg Beta, National Airspace System, Alaska Airlines, Business development, Traction, General partnership, ASI, Airline

WASHINGTON, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Air Space Intelligence (ASI), a modern aerospace company addressing the software crisis across commercial and government sectors, announces the completion of a $34 million Series B funding round.

Key Points: 
  • WASHINGTON, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Air Space Intelligence (ASI), a modern aerospace company addressing the software crisis across commercial and government sectors, announces the completion of a $34 million Series B funding round.
  • This significant financial injection, achieved in less than three weeks, reflects strong support from new investor Andreessen Horowitz (a16z) and existing investors, including Bloomberg Beta, Renegade Partners, and Spark Capital.
  • The allocated funds will strategically support the company's continuous growth, foster innovation, and solidify its presence in the government sector.
  • “Over the past three years, ASI has made significant progress by deploying their software to some of the most complex and critical air operations,” stated David Ulevitch, General Partner at a16z.

Stampli identifies the barriers holding back adoption of AI in finance teams

Retrieved on: 
Wednesday, December 6, 2023
Research, Organization, Privacy, Risk, Fraud, AP, Element, Bloomberg Beta, Automation, CFOS, Corporate title, Human, Comptroller, Workload, Friction, Education, Medical device, Management, Accounts payable, AI

MOUNTAIN VIEW, Calif., Dec. 6, 2023 /PRNewswire/ -- Today Stampli, the AI-powered Accounts Payable automation solution, released new research shedding light on the state of AI adoption among finance professionals. Stampli partnered with Probolsky Research, a leading market and opinion research firm, to survey attitudes around AI among different job titles within finance. The survey results indicate that while AI holds significant promise for improving Accounts Payable (AP) processes, effectively scaling the use of AI requires solving barriers at points across financial organizations.

Key Points: 
  • MOUNTAIN VIEW, Calif., Dec. 6, 2023 /PRNewswire/ -- Today Stampli , the AI-powered Accounts Payable automation solution, released new research shedding light on the state of AI adoption among finance professionals.
  • Stampli partnered with Probolsky Research, a leading market and opinion research firm, to survey attitudes around AI among different job titles within finance.
  • Senior decision-makers are the most interested in AI, while human oversight and data security issues stand out as the principal roadblocks to adoption.
  • Integrating human decision-making into AI systems could solve adoption barriers among AP teams, but this will likely require additional education for financial leadership on how AI systems and human oversight can work together.

Accounts Payable Automation Solution Stampli Announces $61M Venture Funding Round Led by Blackstone

Retrieved on: 
Tuesday, October 3, 2023
IBM, Hallucination, Partnership, Senior, B2B, Health, Controller, ERPs, Fintech, AP, Microsoft, ERP, SAP, Online Banking ePayments, Consultant, CFOS, Blackstone, Bloomberg Beta, Bot, Risk, AI, Environment, QuickBooks, Acumatica, Insight Partners, Wendy's, Automation, Medical device, Sales, Bookkeeping, Management, Cryptocurrency, Sage, Finance, Oracle

MOUNTAIN VIEW, Calif., Oct. 3, 2023 /PRNewswire/ -- Stampli, a leader in AI-powered accounts payable automation, today announced that it has raised $61 million in a Series D venture funding round led by funds managed by Blackstone, with the participation of existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital. This latest funding round takes the total amount raised by the company to over $148 million. 

Key Points: 
  • MOUNTAIN VIEW, Calif., Oct. 3, 2023 /PRNewswire/ -- Stampli , a leader in AI-powered accounts payable automation, today announced that it has raised $61 million in a Series D venture funding round led by funds managed by Blackstone, with the participation of existing investors Insight Partners, SignalFire, Bloomberg Beta, and NextWorld Capital.
  • Launched in 2015, Stampli is today one of the fastest-growing providers of accounts payable automation and ePayment services.
  • Stampli's 1,300 accounts payable automation customers trust its AI with invoice capture, expense allocation, approval routing, fraud detection, and more.
  • Beyond Accounts Payable, Stampli offers an integrated suite of FinTech products, including Stampli Credit Card and Stampli Direct Pay.

Kolena Secures Series A Investment Led by Lobby Capital, Bringing AI Testing Startup's Total Funding to $21M

Retrieved on: 
Tuesday, September 26, 2023
LLM, European AIS Database, Natural language processing, Rakuten, ML, Research, Bloomberg Beta, Amazon, International Journal on Artificial Intelligence Tools, European, Risk, SAN, Algorithm, AI, Ecosystem, Bias, Behavior, Medical device, Milan Kolena, Palantir

SAN FRANCISCO, Sept. 26, 2023 /PRNewswire/ -- Kolena, a pioneering leader in AI and machine learning model testing, today announced that it has successfully secured $15 million in a Series A funding round led by Lobby Capital, bringing total funding for the company to $21 million. Returning investors SignalFire, Bloomberg Beta, 11.2 Capital, Zero Prime Ventures and others also participated. This significant investment will fuel Kolena's mission to revolutionize the way AI systems are tested and validated, ensuring trustworthiness and reliability in an increasingly AI-driven world.

Key Points: 
  • This significant investment will fuel Kolena's mission to revolutionize the way AI systems are tested and validated, ensuring trustworthiness and reliability in an increasingly AI-driven world.
  • This investment will fuel Kolena's mission to revolutionize AI system testing, ensuring trustworthiness and reliability.
  • The company's solution also helps teams and enterprises launch their models more quickly by eliminating the need for time-consuming experimentation-based testing.
  • With the support of this significant funding, we will continue to innovate, improve, and revolutionize the way AI is built."

Shield AI Welcomes Shivon Zilis to Board of Directors

Retrieved on: 
Tuesday, September 26, 2023
OpenAI, University, Neuralink, Shivon Zilis, Vector Institute, Bloomberg Beta, Tesla Autopilot, Creative, Machine learning, SAN, Asilah, Artificial intelligence, University of Alberta, AI, Aircraft, Cryptocurrency, Shield AI

SAN DIEGO, Sept. 26, 2023 /PRNewswire/ -- Shield AI, the defense technology company building the world's best AI pilot for aircraft, today announced that Shivon Zilis, Director of Special Projects at Neuralink and Open AI board member, has joined its board of directors. 

Key Points: 
  • SAN DIEGO, Sept. 26, 2023 /PRNewswire/ -- Shield AI, the defense technology company building the world's best AI pilot for aircraft, today announced that Shivon Zilis, Director of Special Projects at Neuralink and Open AI board member, has joined its board of directors.
  • "Shivon has extensive expertise building and leading teams to solve the world's hardest AI problems.
  • She brings a unique blend of deep technical, investment, and operating expertise to our team," said Ryan Tseng, CEO and co-founder of Shield AI.
  • Zilis worked at Tesla Autopilot and was a board member at OpenAI before settling into her current role at Neuralink.

Channel99 Debuts Next-Generation Performance Marketing Platform to Reveal the True Financial Return of B2B Marketing

Retrieved on: 
Wednesday, September 20, 2023
Martech, Advertising, Norwest Venture Partners, Marketing, CTV, Blog, CMO, ABM, Bloomberg Beta, Direct, Demandbase, Investment, SAN, CRM, KPI-driven code analysis, Sales, Cryptocurrency, B2B

SAN FRANCISCO, Sept. 20, 2023 /PRNewswire/ -- Channel99, the pioneer in B2B performance marketing technology, today announced its next-generation platform for optimizing marketing investments and uncovering financial inefficiencies. The new solution features a revolutionary verification pixel created exclusively for B2B to make it possible for marketers to understand how well their programs are reaching, engaging and converting the accounts in their target markets. The pixel provides B2B marketers with the first closed-loop view-through technology that can be applied to advertising, social, video, email, CTV and other channels.

Key Points: 
  • transparency to the efficiency of B2B advertising, social, video and other popular channels
    SAN FRANCISCO, Sept. 20, 2023 /PRNewswire/ -- Channel99 , the pioneer in B2B performance marketing technology, today announced its next-generation platform for optimizing marketing investments and uncovering financial inefficiencies.
  • The pixel provides B2B marketers with the first closed-loop view-through technology that can be applied to advertising, social, video, email, CTV and other channels.
  • "I can finally understand the performance of a variety of vendors on a level playing field.
  • Channel99 also made the right investments to make it possible for any new client to go live and realize benefits on day one."

YURTS ANNOUNCES $16 MILLION IN SERIES A FUNDING TO ACCELERATE GROWTH

Retrieved on: 
Tuesday, September 19, 2023
Acceleration, SharePoint, LLM, Google Docs, Hallucination, Private sector, Enterprise, Partnership, Life, Defense, Synthetic media, CXO, Privacy, Startup company, Government, Bloomberg Beta, Organization, Farewell, Investment, Generative, Nava, Knowledge, AI, GPU, Medical device, Cryptocurrency, Nvidia

SAN FRANCISCO, Sept. 19, 2023 /PRNewswire/ -- Yurts, the enterprise-ready Generative AI platform, today announced a $16 million Series A to support its acceleration into the market. The oversubscribed funding round was led by Nava Ventures, with additional investments from XYZ Ventures, Bloomberg Beta, Mango Capital, and Essence VC. Yurts will leverage the capital to continue to build its secure AI platform and expand its technology team. This announcement follows a strategic partnership Yurts announced earlier this year with Nvidia and Lambda Labs to bring the secure GenAI platform to the market.

Key Points: 
  • The oversubscribed funding round was led by Nava Ventures , with additional investments from XYZ Ventures , Bloomberg Beta , Mango Capital , and Essence VC .
  • Yurts will leverage the capital to continue to build its secure AI platform and expand its technology team.
  • This announcement follows a strategic partnership Yurts announced earlier this year with Nvidia and Lambda Labs to bring the secure GenAI platform to the market.
  • Yurts.AI closes $16M Series A led by Nava Ventures with XYZ Ventures, Bloomberg Beta, Mango Capital, and Essence VC.