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Turing Labs

Turing Labs Raises $16.5M to Expand AI-Powered Platform for Product Formulation

Turing Labs, a Software-as-a-Service (SaaS) platform that uses artificial intelligence tools to assist with Consumer Packaged Goods (CPG) formulations, today announced a $16.5 million Series A raise to continue its mission to become the default AI platform for developing breakthrough CPG in record time. 
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BigPanda Raises $190 Million in Funding at $1.2 Billion Valuation

BigPanda, Inc., the leader in AIOps Event Correlation and Automation, today cemented its leadership position in the AIOps market with a new $190 million funding round.
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Relevance AI Raises $3m from Insight Partners to Build a Developer-first Vector Patform

Relevance AI, the Australia based start-up founded in 2020, has introduced a powerful developer-first vector platform to help developers do more with unstructured data and to aid data scientists rapidly experiment with vectors.
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EU Details $2.25 Billion Digital Transition Plan

The European Commission (EC) said it will invest €1.98 billion (US$2.25 billion) to advance its member states’ digital transition. The “main work programme” will focus on investment in the areas of artificial intelligence (AI), cloud and data spaces, quantum communication infrastructure, advanced digital skills, and the wide use of digital technologies across the economy and society, until the end of 2022.
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Landing AI™ Secures Funding to Unlock Power of Small Datasets, Unleashing Next Era of AI

Landing AI, which provides tools that make building and deploying AI systems in manufacturing faster and easier than ever, today announced Series A funding of $57 million led by McRock Capital, the first investment firm focused exclusively on the Industrial IoT.
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The AI Bias

As artificial intelligence becomes more integrated into common technology, is there a risk of embedding biases and inequalities in the tech space? James Pearce investigates.
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