Daily Digest - November 3, 2019
Busy, busy week for AI! A few lesser-known, but interesting companies announcing fresh financings to tackle next generation problems across a variety of industries. Read on!
Cervest, an AI-based climate effects prediction platform raises £3.7 million
With the ever-increasing risk of climate change, Cervest aims at solving the problem of data scarcity caused due to various climate effects. It is building an AI-first platform to help businesses, governments and growers adapt to climate volatility, and protect our planet. The company has now closed a £3.7 million investment round led by a deep-tech investor, Finance Capital, and co-investor Astantor Ventures. The investment brings the valuation of Cervest to £4.5 million.
Accusonus raised $3.3M to help creators fix their audio through AI
Accusonus is an AI startup that helps content creators fix audio issues in their recordings with the help of AI. The round was led by Athens, Greece based Venture Friends with participation from Big Pi, IQBility and PJ Tech, along with a group U.S.-based investors led by Michael Tzannes, who is also a co-founder of Accusonus. Founded in 2014, Accusonus has been used by musicians such as Bob Dylan, Lou Reed, Goo Goo Dolls, Super Furry Animals, Wilco, Jennifer Lopez, and many others.
Cloud Kitchen Muy raises $15M in funding
Food tech startup Muy, based out of Colombia has raised $15 in Series B funding. It claims to use AI to produce food based on forecasts of demand. According to Founder Jose Calderon, Muy is serving more than 200,000 dishes per month. The round was led by Mexico-based investor ALLVP along with previous investor Seaya. The round brings the total funding amount to $20.5 million. After the funding, Muy plans to expand into Mexico and Brazil. Users can currently place orders through their app or through Muy’s physical locations. It has over 20 physical dining locations and one investor describes Muy as a “cloud kitchen meets Chipotle.”