Joyce Shen’s picks: musings and readings in AI/ML, November 4, 2024

5-minute weekly must-read on data science and artificial intelligence news, funding, and research, curated by Joyce Shen.

📌 Musings and Readings 

“Visa Has Deployed Hundreds of AI Use Cases. It’s Not Stopping.” (WSJ)

“Why multi-agent AI tackles complexities LLMs can’t” (Venture Beat)

“Wall Street Giants to Make $50 Billion Bet on AI and Power Projects” (WSJ)

“MIT debuts a large language model-inspired method for teaching robots new skills” (MIT, Paper).

🎧 Listen to a short, AI-generated discussion of the paper. (YouCollective Podcast)

👏 Deals

Abstract Security, a CA-based startup focusing on its data fabric, analytics, and data lake solutions to enable organizations to detect and respond to threats, has raised $15m in series A financing.

CybaVerse, a UK-based company building a cybersecurity management platform designed to help organizations protect their digital environments and streamline management for small and medium-sized enterprises, has raised £1.1m in financing. 

Vensica Medical, a New York-based urology therapeutics company developing a needle-free delivery system designed for minimally invasive treatment of overactive bladder, has raised $11m in financing.

Casap, a New York-based startup developing an AI-driven fraud prevention platform for financial institutions to automate dispute processes, reduce fraud losses, and manage cases, has raised $8.5m in financing.

Auquan, a London and New York-based fintech startup employing AI agents and retrieval augmented generation (RAG) to automate multi-stage workflows for financial services, has raised $4.5m in seed financing.

Moondream, a CA-based AI startup developing open source and small vision language models has raised $4.5m in pre-seed financing.

Vara, a Germany-based healthcare tech company specializing in AI-driven breast cancer screening to enhance detection while reducing radiologists' workload, has raised $8.9m in financing. 

Cornerstone AI, a CA-based startup using its AI assistant to automatically identify and correct inconsistencies in healthcare data, improving the quality of real-world datasets and enhancing data usability, has raised $5m in financing.

CREW Carbon, a New York-based climate tech company focusing on eliminating biogenic CO2 from wastewater treatment plants to improve safety, has raised $5.3m in seed financing.

MIND, a WA-based startup integrating AI to quickly detect and prevent data leaks while enabling users to remediate issues, has raised $1m in financing.

Hotglue, a DC-based startup building the platform to allow developers to quickly provide native SaaS integrations while maintaining data control, enabling users to connect third-party apps and incorporate data within their web apps, has raised $4m in seed financing.

Bifrost AI, a CA-based company developing a 3D and AI data generation platform to allow AI teams to accelerate training and validation by creating synthetic datasets through 3D simulations, has raised $8m in series A financing. 

Ataraxis AI, a New York-based healthcare tech startup dedicated to tackling challenges in cancer prognosis and treatment selection by developing AI-driven diagnostic systems to predict patient outcomes and deliver personalized treatments, has raised $4M in seed financing.

Scalpel AI, a London-based medical tech startup utilizing AI and computer vision to automate the validation of surgical tools and implants, streamlining workflows and improving patient safety, has raised $4.8m in funding.

Persana AI, a CA-based startup pursuing data-driven transformation for sales teams through autonomous AI agents powered by a multi-source data integration model to assess prospects and personalize interactions, has raised $2.3m in financing. 

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