KYP.ai Raises $187 Million, Led by European Tech Venture Capital
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Amid the increasing importance of industrial automation and smart manufacturing, the startup Augury has announced the successful raising of $75 million, achieving a valuation of over $1 billion. This funding will be used to attract new customers and further develop its core technology. Augury specializes in using artificial intelligence to monitor machine operating conditions, promptly identifying equipment failures and maintenance needs by measuring various factors such as vibration, sound, and temperature. Since its establishment, Augury has monitored over 500 million hours of machine operations, covering a wide range of equipment manufacturers and processing methods.
Amid growing attention in the industrial robotics sector, Augury has recently announced the successful funding of $75 million, with a valuation exceeding $1 billion. As a startup focused on developing AI hardware, Augury's technology can detect equipment failures and their causes in real-time, helping manufacturers reduce downtime and improve productivity. In an interview, Augury's CEO and founder, Saar Yoskovitz, revealed that the company's AI system has monitored over 500 million...
Recently, AI programming startup Codeium is undergoing a new funding round, with a valuation close to $2.85 billion. According to sources, this funding round is led by investment firm Kleiner Perkins, marking another occasion where Codeium has garnered investor attention after six months. Notably, in the past six months, Codeium completed a $150 million Series C funding round, with a post-funding valuation of $1.25 billion. Although the specific amount for the new funding round has not been disclosed yet.
Crunchbase announced that it will abandon its role as a historical data provider and transform into an AI-driven prediction engine. This new platform will be able to predict startup funding rounds, acquisitions, and growth trajectories with an accuracy of up to 95%, marking a significant strategic shift for Crunchbase. Crunchbase CEO Jagger McConnell stated in an interview that the traditional historical data industry is in decline. He believes that data companies relying solely on historical data...