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SoundHound raises $75 mlnSoundHound Inc said Jan. 31 that it raised $75 million in new funding. The round includes a strategic group of investors including NVIDIA GPU Ventures, Samsung Catalyst Fund, Nomura Holdings Inc, Sompo Japan Nipponkoa Insurance Inc and RSI Fund I, a VC arm of Recruit Holdings. The round included new investors such as Kleiner Perkins, SharesPost 100 Fund, and MKaNN who joined previous investors Global Catalyst Partners, Walden Venture Capital, and TransLink Capital. SoundHound, of Santa Clara, California, provides voice-enabled AI and conversational intelligence technologies.
- Reputation.com attracts $20 mln
Silicon Valley-based Reputation.com, a provider of online reputation management technology and services, has raised a total of $20 million. The investors include Ascension Ventures, August Capital, Bessemer Venture Partners, Icon Ventures, Kleiner Perkins and Focus Ventures.
- Proterra rakes in $140 mln
Proterra, a maker of zero-emission vehicles that enable bus fleet operators to eliminate the dependency on fossil fuels, has raised $140 million in funding. The investors included Tao Capital Partners, Kleiner Perkins, GM Ventures, Constellation Technology Ventures, 88 Green Ventures and Edison Energy Inc.
- TPG-backed BVI names new president/CEO
Waltham, Massachusetts-based Beaver-Visitec International, a provider of specialized surgical devices for the ophthalmic industry, has hired Dana G. Mead Jr as president and CEO. Mead is a former strategic adviser and partner in the life sciences practice of Kleiner Perkins Caufield & Byers. BVI is backed by TPG Capital.
AI startups to access up to $200k in seed funding via Next AINEXT Canada, a Toronto non-profit organization focused on supporting Canadian entrepreneurs, has unveiled NextAI. The program is intended to provide financing, advice and sector-specific tools to developers of artificial intelligence (AI) and machine learning solutions, and help position Canada as a leader in the global AI market. Beginning early next year, entrepreneurial teams will have access to up to $200,000 in seed financing to develop their technology. NextAI applications are open until January 5, 2017. The program's partners include EY, MasterCard, TD and Osler, Hoskin & Harcourt.