AI Newswire (Page 34)

SAN CARLOS, Calif., Oct. 15, 2024 /PRNewswire/ -- Beacon AI, a Silicon Valley-based aviation intelligence startup, announced it raised $15 million in Series A funding, led by Costanoa Ventures, with significant participation from Scout Ventures, joining numerous new and existing investors including Sam Altman, and JetBlue Ventures - raising the total venture funding to $20M. Beacon is on a mission to put AI assistance in every professional flight deck to improve flight safety and efficiency for defense and commercial operators.

Smith Point Capital leads financing to accelerate the adoption of groundbreaking Service Resolution Intelligence AI solution in a growing roster of Fortune 1000 companies SAN JOSE, Calif., Oct. 15, 2024 /PRNewswire/ -- Neuron7.ai, the pioneer in Service Resolution Intelligence, today announced it has raised $44 million in Series B funding led by Smith Point Capital, the firm founded by former Salesforce Co-CEO Keith Block. Existing investors Nexus Venture Partners and Battery Ventures joined the oversubscribed funding round, bringing the total capital raised to date to more than $63 million.

Led by Scale Venture Partners, the $45M investment—the largest Series B in AI Evaluation and Observability to date —follows 834% revenue growth in 2024 and expansion into the Fortune 50 SAN FRANCISCO, Oct. 15, 2024 /PRNewswire/ -- Galileo, a leader in generative AI evaluation and observability for enterprises, today announced it raised $45M in Series B funding led by Scale Venture Partners, with participation from Premji Invest, bringing the company's total funding to $68M. This comes at a time of explosive growth for the company, which has seen 834% revenue growth since the beginning of 2024.

AI-Driven DTM Solution Helps Data Centers Slash Cooling Costs by 50%, Saving More than $7 Million Annually in Operating Costs While Reducing CO2 Emissions by 11% SAN JOSE, Calif., Oct. 14, 2024 /PRNewswire/ -- 2024 OCP Global Summit – Axiado Corporation, a leading AI-driven, hardware-anchored platform security solutions company, today announced its Dynamic Thermal Management (DTM) solution, powered by Axiado's Trusted Control/Compute Unit (TCU), which is transforming the energy efficiency of AI data centers. The DTM solution, a practical implementation of Axiado's TCU, enables AI-driven data centers to reduce energy consumption by dynamically adjusting cooling based on real-time server workloads.

REDMOND, Wash., Oct. 10, 2024 /PRNewswire/ -- On Thursday, Microsoft Corp. is unveiling several Microsoft Cloud for Healthcare innovations that connect care experiences, enhance team collaboration, empower healthcare workers, and unlock clinical and operational insights. Through new healthcare AI models in Azure AI Studio, capabilities for healthcare data solutions in Microsoft Fabric, the healthcare agent service in Copilot Studio, and an AI-driven nursing workflow solution, Microsoft Cloud for Healthcare is supporting healthcare organizations on every step of their journey toward shaping a healthier future. "We are at an inflection point where AI breakthroughs are fundamentally changing the way we work and live," said Joe Petro, corporate vice president, Healthcare and Life Sciences Solutions and Platforms at Microsoft. "Across the broader healthcare and life sciences industry, these advancements are dramatically enhancing patient care and also rekindling the joy of practicing medicine for clinicians.

RadiantGraph empowers payors and health service organizations with AI platforms that deliver high-quality, tailored campaigns that impact member engagement and activation The company has seen more than 1,400% growth in one year since its launch, and is currently processing personalization models for more than 3.5 million people The funding will support expansion of the company's AI platform capabilities, driving scalable growth and savings within health plans and health service organizations SAN FRANCISCO, Oct. 10, 2024 /PRNewswire/ -- RadiantGraph, a platform using artificial intelligence to drive consumer engagement for healthcare, today announced that it has raised an $11 million Series A funding round, led by M13, with meaningful participation from XYZ Ventures and True Ventures. The investment will be used to continue the expansion of the company's platform capabilities, and drive scalable growth and savings within health plans and health service organizations.

Survey reveals insights about AI in journalism, elections and the future of work COLUMBIA, S.C., Oct. 10, 2024 /PRNewswire/ -- The University of South Carolina College of Information and Communications (CIC) released insights from its inaugural AI Index, the first comprehensive survey conducted by a U.S. university that measures AI's impact in detail. This survey examines the influence of AI tools on the future of journalism, upcoming electoral campaigns and younger generations' adoption of these technologies.

Thomvest Ventures leads the round with significant participation from M12; the privacy and security platform expects to double ARR in 2024 SAN FRANCISCO, Oct. 10, 2024 /PRNewswire/ -- Relyance AI, the leading AI-powered data governance platform that provides complete visibility and control over enterprise-wide data, today announced a $32.1 million Series B funding round to scale operations and meet the needs of the exploding use of artificial intelligence in the enterprise. Thomvest Ventures led the round. M12, Microsoft Ventures Fund, also participated in addition to Cheyenne Ventures and existing investors Menlo Ventures and Unusual Ventures.

OpenGradient is building the first decentralized platform for AI model hosting, secure inference, and application deployment on-chain NEW YORK, Oct. 9, 2024 /PRNewswire/ -- OpenGradient, a leading decentralized AI infrastructure company, has raised $8.5M in seed funding. With a mission to accelerate open-source AI, OpenGradient democratizes model ownership, streamlines AI deployment, and enables universal access to AI.

In conjunction with Microsoft, Infosys Cobalt, Topaz, and Aster will aim to enhance customer experiences and drive global adoption of enterprise AI BENGALURU, India, Oct. 9, 2024 /PRNewswire/ -- Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced an expansion of its collaboration with Microsoft to help accelerate customer adoption of generative AI and Microsoft Azure, globally. The strategic collaboration is aimed at helping Infosys' and Microsoft's joint customers realize the value of their technology investments and secure transformative outcomes.