Resonai offers enterprises an AR-AI concierge for commercial buildings

Though humans historically provided concierge services for commercial buildings, guiding visitors to their destinations and answering questions, artificial intelligence and computer vision have advanced to the stage where fully digital alternatives can offer the same or better guidance. So Resonai is targeting enterprises with today’s launch of Vera Concierge, an augmented reality system that replaces any commercial location’s human help desk with a fully mobile, personalized AI assistant.

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ControlUp raises $27 million to apply AI to remote machine monitoring

ControlUp leverages AI to help IT teams remediate problems with on-premise, hybrid, and cloud infrastructure. Today, the company raised $27 million in funding to expand its platform for monitoring user experiences for office and work-from-home deployments.

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Cogito raises $25 million to analyze phone calls with AI

Boston-based call analytics startup Cogito today closed a $25 million convertible debt round led by Goldman Sachs Growth Equity, Salesforce Ventures, and other new and existing investors. The company says this latest capital will be used to expand its go-to-market efforts and accelerate the development of new products.

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IBM acquires Instana for its AI-powered app performance monitoring

IBM today acquired Instana, a German-American software firm that specializes in developing application performance management software. The acquisition represents IBM’s continued investment in hybrid cloud, big data, and AI capabilities. Terms of the deal weren’t disclosed.

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ActivTrak raises $50 million to measure remote workers’ productivity

ActivTrak, an Austin, Texas-based cloud productivity monitoring software provider, today raised $50 million in a series B round from Sapphire Ventures. The fresh capital will be used to scale ActivTrak’s go-to-market activities across sales, marketing, and channels and expand the company’s capabilities using AI-driven analytics, according to CEO Rita Selvaggi.

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FMC raises $20 million to mass-produce ferroelectric computer memory

The Ferroelectric Memory Company (FMC), a startup developing ferroelectric memory technologies, raised $20 million to fund its international expansion to U.S. and Asian markets and accelerate commercialization of its products for AI, internet of things (IoT), edge, and datacenter applications. The company credits “strong interest” from companies for the capital infusion, including “major” semiconductor manufacturers as well as foundries in Europe.

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Autodesk acquires Spacemaker for $240 million to boost AI development for designers

Autodesk today announced that it has acquired Oslo-based Spacemaker for $240 million. While Autodesk CEO Andrew Anagnost said he’s excited about the potential for Spacemaker to aid urban planning, he also believes the startup’s underlying technology will help catalyze AI development across his company.

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Facebook claims its proposed payments network is 7 times faster than Visa’s

As work continues on Novi, Facebook’s digital wallet, a paper coauthored by scientists at Facebook’s Novi division proposes a transaction settlement system called FastPay. In experiments, the team managed to achieve “intra-continental” confirmation of less than 100 milliseconds and over 80,000 transactions per second with as many as 20 different payment authorities.

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Syte raises $40 million to bring visual search to online retailers

Visual search is now a core part of countless mobile apps, from Google Lens and Bing to Pinterest and eBay. But building the underlying AI infrastructure to let people search databases and catalogs using images rather than words is a resource-intensive endeavor requiring a lot of time and technical expertise, which is where Syte comes into play.

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