Investments

Investments
AI Financial Crimes Platform Hawk Grows Funding to Drive International Expansion
July 31, 2024

Hawk has expanded its Series B funding amid a new investing partnership with Macquarie Capital. The company, which provides fraud prevention and anti-money laundering (AML) technology using artificial intelligence (AI), said in a Wednesday (July 31) news release that the funding will drive its international...

Investments
Monto Raises $9 Million to Seed B2B Payments Platform
July 30, 2024

Israeli B2B payments platform Monto has emerged from stealth with $9 million in funding. “Monto enables B2B finance teams to seamlessly get paid from any AP portal used by their enterprise customers,” the company said in a Tuesday (July 30) news release announcing the seed funding and a new...

Investments
Rillet Raises $13.5 Million for Accounting Automation Platform
July 29, 2024

Accounting automation firm Rillet has raised $13.5 million to develop its platform. “Today, high-growth companies face a catch-22 when it comes to accounting: use 25-year-old software built for small businesses that doesn’t meet their needs or 25-year-old software built for large corporations that doesn’t either,” the company...

Investments
Aveni Raises $14 Million to Bring AI to Financial Services
July 29, 2024

Scottish FinTech Aveni has raised $14 million to bring AI to the financial services field. The company announced its Series A on Monday (July 29), saying it would use the funding to build on its efforts to create artificial intelligence (AI) products and large language...

Investments
Fractile Raises $15 Million to Develop New AI Chip
July 26, 2024

U.K. startup Fractile has exited stealth and announced it raised $15 million in seed funding to develop a new artificial intelligence (AI) chip. The company will use the investment to grow its team, build partnership and accelerate its progress to its first products, Fractile said...

Investments
Morgan Stanley Buys Stake in UK Payments Firm Sokin
July 24, 2024

British payments firm Sokin is planning to expand following an investment by Morgan Stanley. Investment funds managed by the banking giant had purchased a stake in Sokin, the company announced Wednesday (July 24), designed to speed its expansion. “Sokin was founded in 2019 with a...

Investments
Lakera Raises $20 Million to Provide Security for GenAI Applications
July 24, 2024

Lakera has raised $20 million in a Series A funding round to expand its offerings in the real-time generative artificial intelligence (AI) applications security category. This round brings the firm’s total funding to $30 million, and the firm will use the new funding to accelerate...

Investments
Dental-Care AI Startup Pearl Raises $58 Million
July 24, 2024

Pearl, an AI startup focused on the dental industry, has raised $58 million. The company announced its Series B in a news release Wednesday (July 24), saying it would use the funding to expand its line of dental artificial intelligence (AI) products. “At present, Pearl’s...

Investments
Cohere ‘Not Chasing AGI’ as AI Startup’s Value Hits $5 Billion
July 22, 2024

AI startup Cohere has been valued at $5.5 billion following a new funding round. As Bloomberg News reported Monday (July 22), this $500 million round brings Cohere’s total funding to $970 million. According to the report, Canada-based Cohere is the rare artificial intelligence (AI) startup creating massive large language...