Partners

“Collaborative Innovation: Picsart and Getty Images Unite to Create a Tailored AI Algorithm”

Picsart Image
Picsart, a photo-editing startup backed by SoftBank, announced on Thursday that it’s partnering with Getty Images to develop a custom model to bring AI imagery to its 150 million users. The company says the model will bring responsible AI imagery to creators, marketers and small businesses that use its platform. Image Credits: Picsart x Getty Images AI ImagePicsart’s AI lab, PAIR, is building the model. The company is also integrating Getty Images video content into Picsart’s platform and making it available to Plus members. Picsart isn’t the first startup that Getty Images has partnered with for responsible AI imagery, as it also partnered with AI image generator, Bria, and Runway, a startup building generative AI for content creators.

Insight Partners supports Canary Technologies in its goal to enhance hotel guest satisfaction.

Canary Founders Harmansj
“The predominant traveler today was born in an age where they are very comfortable with technology,” Harman Singh Narula, Canary Technologies co-founder and CEO, said. Narula started Canary Technologies with longtime friend SJ Sawhney to provide that technology so hotels can offer better guest experiences, augmented by technology. Today, the hotel guest management technology company’s platform digitizes the hotel guest journey from post-booking through checkout with tools that manage mobile check-in/checkout, registrations, upsells, guest messaging and digital tipping. Canary now works with over 20,000 hoteliers globally at brands like Marriott International, Four Seasons, Choice Hotels, Wyndham Hotels & Resorts, Rosewood and Intercontinental Hotel Group. Though he didn’t give a specific valuation, Narula did say the valuation has now more than doubled since the company’s $30 million Series B round in 2022.

“Databricks Introduces LakeFlow: Empowering Clients to Develop Seamless Data Pipelines”

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With LakeFlow, Databricks users will soon be able to build their data pipelines and ingest data from databases like MySQL, Postgres, SQL Server and Oracle, as well as enterprise applications like Salesforce, Dynamics, Sharepoint, Workday, NetSuite and Google Analytics. In a way, getting data into a data warehouse or data lake should indeed be table stakes because the real value creation happens down the line. The first is LakeFlow Connect, which provides the connectors between the different data sources and the Databricks service. It’s fully integrated with Databricks’ Unity Data Catalog data governance solution and relies in part of technology from Arcion. Databricks is rolling out the LakeFlow service in phases.

Particle secures $10.9M in new funding and expands publishing partners for AI news reader

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Traffic is down, newsrooms are undergoing layoffs, and publishers fear that AI technologies will only make matters worse. Entering the fray, news reader startup Particle is teaming up with publishers to seek out a new business model for the AI era, where AI summaries of news don’t have to mean lost revenues. Now, the company is bringing its first publishing partners into the mix to help it guide its next steps. As a start, Particle now subscribes to Reuters newswire to help it deliver information about current events in the news. What Particle isn’t yet ready to reveal is its business model.

“RapidSOS and Google join forces to provide enhanced 911 communication via RCS”

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Google said today it is partnering with RapidSOS, a platform for emergency first responders, to enable users to contact 911 through RCS (Rich Messaging Service). Initially, this feature will be available only to Google Messages users. According to AccesSOS, a non-profit working on emergency contact, only 54% of 911 call centers in the U.S. provide text-to-911 services. As this feature is based on RCS, which enables rich messaging and media support, users can send pictures and videos to emergency services for better context. Plus, Android’s emergency location services can provide information such as accurate location and device language to emergency responders to better help people in need and opt-in medical information.

Location is Key: Unleashing the Power of Dataplor’s Data Intelligence Tool

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If you want to get your product in a grocery store in Mexico City, Dataplor has global location intelligence to help you do that. The company raised $2 million in 2019 to bring Latin American food delivery vendors online. Dataplor uses artificial intelligence, machine learning, large language models and a purpose-built technology platform to take in public domain data. While that is not totally unique — there are companies like ThoughSpot, Esri and Near doing something similar around business and location intelligence — Dataplor’s “secret sauce” is combining all of that technology and public domain data with a human factor. The round also includes participation from Quest Venture Partners, Acronym Venture Capital, Circadian Ventures, Two Lanterns Venture Partners and APA Venture Partners.

Evolution Equity Partners Secures $1.1 Billion for Cutting-Edge Cybersecurity and AI Fund

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It’s against this backdrop that Evolution Equity Partners, a growth capital investment firm based in NYC, on Tuesday launched a $1.1 billion cybersecurity and AI fund, the third such fund in Evolution’s history. The fund, called Evolution Technology Fund III, was oversubscribed, with participation from existing and new endowments, sovereign investors, insurance companies, foundations, fund of funds, family offices and angels. “The Evolution Technology Fund III has already backed fifteen leading cybersecurity companies, initiating its investment period over 12 months ago,” Seewald said. “We believe that provides private markets investors with diversified exposure to cybersecurity opportunities.”ESG will be another factor, according to Seewald. Evolution’s 30-person teams manages around $2 billion in assets and has backed 60 companies to date; its previous fund was $400 million.

AXS and TikTok Join Forces to Offer Global Ticket Sales for Live Events

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Tiktok said today that it has partnered with ticketing company AXS to sell tickets for events worldwide. Users in these regions can tap on the events highlighted in videos or on artists’ profiles to buy tickets through AXS. TikTok had signed a similar deal with Ticketmaster for U.S.-based events in 2022, and expanded the partnership in 2023 to sell tickets in 20 more countries. The short-video platform said it will let certified artists promote their live events by adding AXS event links to their videos, and sell tickets via an in-app ticketing feature. Last October, TikTok onboarded Tickets.com as a partner to sell passes for its first live music event.

$24.7M Raised by Finmid to Facilitate Loan Access for SMBs via Platforms like Wolt

Finmid Co Founders Former N26 Employees Max Schertel And Alexander Talkanitsa
The round values the company at €100 million ($107 million), post money. But finmid believes it has the potential to lock in more business specifically in its home region. Unlike a bank, Wolt has access to the restaurants’ sales history, and finmid helps it leverage that data to decide who will see a pre-approved financing offer. The working capital doesn’t come from Wolt, but from finmid’s financing partners. For a platform like Wolt, embedding finmid is a way to make life easier for restaurants while generating additional revenue without much additional effort.

US Government Issues Urgent Reminder for Sisense Customers to Update Passwords Following Security Breach

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U.S. cybersecurity agency CISA is warning Sisense customers to reset their credentials and secrets after the data analytics company reported a security incident. CISA said it urges Sisense customers to “reset credentials and secrets potentially exposed to, or used to access, Sisense services” and to report any suspicious activity involving the use of compromised credentials to the agency. Founded in 2004, Sisense develops business intelligence and data analytics software for big companies, including telcos, airlines and tech giants. Companies like Sisense rely on using credentials, such as passwords and private keys, to access a customer’s various stores of data for analysis. With access to these credentials, an attacker could potentially also access a customer’s data.