If you’re not sure how AI impacts your life, think about things like automatic fraud detection for your credit card, predictive maintenance for your vehicle or appliances, getting your packages to you sooner, driverless cars, smart home devices, and much more.

The list gets larger an becomes more integrated into our daily lives with every passing day.

Just days ago, Dataiku announced that it had received and investment of $100 million during its most recent round of funding.

The Company focuses on AI and machine learning to create Enterprise solutions for the large corporations that touch many parts of our lives.

Seven years since its inception, the company has over 300 customers including Schlumberger, GE Aviation, Sephora, Unilever, BNP Paribas, Premera Blue Cross, Kuka, and Santander.

Investing in this funding round was Tiger Global Management. Previous investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ also increased their stake in Dataiku.

“Our leadership in enterprise AI continues to attract world-class investors who understand that Dataiku’s solution and customer base are truly global and that we’re uniquely positioned to help businesses realize the untapped potential for AI to transform the enterprise,” said Florian Douetteau, co-founder and CEO of Dataiku.

“In a global business market rocked by the changes 2020 has brought, AI has proven to be a critical element of organizational success driving business growth in every major vertical market.”

The post AI Company Dataiku gets $100 Million in Funding appeared first on CitizenNewsWire.

The FORBES “AI 50” list is devoted to private, U.S.-based companies demonstrating real business potential utilizing AI (machine learning, natural language processing, or computer vision) as a core part of this business model. This week AMP Robotics was added to that prestigious list.

AMP Robotics Corp. (“AMP”), has developed techniques using AI and robotics to help modernize recycling. The company is using AI to identify items which in turn direct robots to separate the items appropriately.

“Earlier this year, we notched a milestone of ‘one billion picks’ over 12 months that demonstrates the productivity, precision, and reliability of our AI application for the recycling industry. It’s an honor to be deemed one of the country’s most promising AI companies, and we’re just getting started,” said Matanya Horowitz, AMP founder and chief executive officer. “There’s growing appreciation for the role of recycling in the domestic supply chain, in terms of keeping resources flowing and products on shelves, and resultant momentum around supportive policy initiatives that are putting some real wind in the sail for the industry. We’re pleased to play a role in enabling better efficiency, safety, and transparency to help transform recycling.”

The system’s AI relies on computer vision, machine learning and an ever-expanding neural network of robots to perform its task. The system is far faster than work performed by hand and can operate 24 hours a day.

Among AMP’s backers are Sequoia Capital, Closed Loop Partners, Congruent Ventures, and Sidewalk Infrastructure Partners (“SIP”), an Alphabet Inc. (NASDAQ: GOOGL) company.

“We consider AMP a category-defining business and believe its artificial intelligence and robotics technology are poised to solve many of the central challenges of recycling,” said Shaun Maguire, partner at Sequoia Capital and AMP board member. “The opportunity for modernization in the industry is robust as the demand for recycled materials continues to swell, from consumers and the growing circular economy.”

The post Forbes adds AMP Robotics to its AI 50 List appeared first on CitizenNewsWire.