Consortium Invested In Trov - geektime.com/2016/04/26/tro… #Trov #Transactions
About 2 days ago
April 16, 2016 0 Comments
In today’s fast-paced world of on-demand companies and online marketplaces, doing background checks on new employees and customers need to be fast and efficient. The UK-based software company Onfido uses artificial intelligence and machine learning to carry out background checks across multiple databases including school, criminal and driving records. In addition, Onfido is able to detect fraudulent patterns on documents and recognise if a person is using a fake identity. Onfido is capable of processing high volume checks anywhere in the world and verification is given in matter of seconds. This week, the company announced it has raised $25 million. Onfido will use the capital to bring its platform to the United States.
You can read about the funding here.
March 21, 2016 0 Comments
The San Francisco-based data mining startup Mattermark has raised another $7.3 million in a series B funding round, which values the company at $42 million. Created by Danielle Morrill, Mattermark’s software compiles and analyses various kinds of data from public internet sources in order to provide VCs with business intelligence about potentially lucrative startups. Similar to how Google works, Mattermark organises unstructured data found on the web and uses techniques like distributed web crawling, deep neural networks and natural language processing to reorganise the flow of information. It then uses the information gathered to build comprehensive profiles of companies. The service is useful for VCs who are looking for potential investment opportunities and for tracking existing startups.
March 14, 2016 0 Comments
Last week, the Data Dexterity Company Attivio, founded in 2008, announced it closed a $31 million financing round. It has now raised $102 million in total funding from its investors, which include Oak Investment Partners, General Electric Pension Trust, Tenth Avenue Holdings, and Per-Olof Soderberg. Attivio announced a strong fiscal year with a 150% increase in license bookings, 100% increase in license revenue, and a 95% renewal rate year-over-year. The company provides a platform that helps companies make sense of big data. It has a software that analyses structured data, such as business intelligence and performance metrics, and unstructured data, including email, documents, media, web. It provides unified information that is insightful, understandable and quantifiable. With a single query, a user can have access to accurate and complete information about company performance. Notable customers include Citi, Qualcomm, UBS, GE, and Thermo Fisher Scientific.
You can read more about the funding here.
March 2, 2016 0 Comments
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