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Swaayatt Robots Raises $3 Million In Seed Funding

Swaayatt-Robots Raises $3 Million In Seed Funding

Swaayatt Robots, an autonomous driving research startup, raises $3 million in seed funding from US-based investors at a valuation of well over $65 million, which was their acquisition offer earlier this year, said the company. Founded in 2015 by Sanjeev Sharma and based out of Bhopal, Swayatt Robots is a trailblazer striving to make self-driving cars a reality in India and across the world.

Swaayatt Robots is one of the few companies in India, which is working on developing state-of-the-art algorithms for autonomous vehicles. Unlike most self-driving car companies in the world that optimize their machine learning models for structured environments, Swaayatt Robots is focused on equipping vehicles with solutions that can allow vehicles to navigate in strenuous conditions.

“The current round of funding will allow us to scale our existing planning and perception algorithmic frameworks. Furthermore, it will allow us to expand our R&D in developing novel motion planning and decision-making algorithmic frameworks, enabling autonomous driving in stochastic traffic and unstructured environments,” said Sanjeev in an email response. “We will also prepare for a high-speed autonomous driving demo on Indian roads, in a few months, showing key strengths of our motion planning and decision-making algorithmic frameworks.”

Over the years, Swaayatt Robots’ exemplary work has led to various performance breakthroughs in perception and planning, including (but not limited to) multi-agent stochastic traffic negotiation, tight space negotiation, object detection, semantic segmentation, and delimiters detection for self-driving cars. In the perception department, the company has previously showcased algorithms that enable autonomous vehicles to perceive their environments using only off-the-shelf cameras. Some of these techniques by Swaayatt Robots can outperform other existing algorithms by over 10 times, in computational efficiency.

Such advancements are highly essential for autonomous vehicles to work on Indian roads as it brings unique challenges — tight navigation, absence of delimiters, and narrow paths — from the rest of the world. A self-driving technology that might work in the US does not necessitate the same performance in India.

This is where Swaayatt Robotos is innovating and mitigating several challenges in real-world scenarios, especially on Indian roads. For instance, the company is researching in Deep Reinforcement Learning to learn, what the company’s founder calls,  an “off-shift policy” algorithm for allowing two vehicles coming from the opposite directions to cross on a narrow road — a situation that is highly common in India, which requires vehicles to either go off the road or abort or yield for the other vehicle to cross.

Swaayatt Robots continually innovates into a wide range of techniques, including inverse reinforcement learning, to accomplish Level 4 and Level 5 autonomy with vehicles. According to Sanjeev, around 70 percent of our research is focused on motion planning and decision-making under uncertainty. Around 25 percent of the work happens in developing real-time perception algorithms, and a fraction of the effort is centered around autonomous driving without LiDARs or RADARs. The other 5 percent of the research work is on enabling autonomous vehicles to work efficiently without high-fidelity maps, and in developing novel/new mathematical models for mapping the environments.

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Rapid7 Acquired Threat Intelligence Firm IntSights for $335 Million

Rapid7 Acquired Threat Intelligence Firm IntSights for $335 Million

Security analytics and automation company Rapid7 recently announced that it had acquired a threat intelligence firm IntSights through a $335 million deal. 

With this acquisition, Rapid7 plans to improve its Extended Detection and Response (XDR) platform to enable early threat detection and quicker response. The integration of the two platforms will provide the customers a unified surveillance experience with relevant insights. 

Industries across the globe have made a transition into digital services due to the ongoing pandemic. This digital transformation has created opportunities for hackers for cyber attacks. Due to this dire need for digital security, the cybersecurity market is expected to grow to a whopping $250 billion in the coming years. 

Read More: Qualcomm Acquired Twenty Billion Neurons To Strengthen Its Artificial Intelligence Team

CEO and chairman of Rapid7, Corey Thomas, said, “Cybersecurity is a lopsided battle today, and the odds consistently favor attackers. Both Rapid7 and IntSights have a shared belief that organizations will succeed only when they have a view of internal and internal threats.” 

He further mentioned that the merged company aims to make its vision a reality to its customers by using contextual intelligence and automated threat migration systems. IntSights is a New York-based startup founded by Alon Arvatz, Gal Ben David, and Guy Nizan in the year 2015. 

The firm’s artificial intelligence-powered platform specializes in detecting external threats and neutralizing them. Industry leaders like Wipro Ventures, Blumberg Capital, and Clearsky have invested in IntSights. 

CEO of IntSights, Guy Nizan, said, “We founded IntSights to make threat intelligence instantly accessible and actionable for organizations of any type and size. We are excited to join Rapid7 to continue this mission and to bring our threat intelligence capabilities to even more customers.” 

Earlier Rapid7 had acquired many other cybersecurity enterprises like Kubernetes Security for $50 million and Divvycloud through a $145 million deal. 

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Qualcomm Acquired Twenty Billion Neurons To Strengthen Its Artificial Intelligence Team

Qualcomm Acquired Twenty Billion Neurons

Qualcomm recently announced that it had acquired a Microsoft-backed tech startup Twenty Billion Neurons to strengthen its artificial intelligence team. The company officials have given no information regarding the valuation of this acquisition deal. 

Twenty Billion Neurons is a Berlin-based artificial intelligence startup founded by Roland Memisevic in 2015 that specializes in developing smart avatars capable of interacting with humans in a seamless manner. 

The startup has a workforce of twenty employees, according to Qualcomm officials. In its series A funding round, it had raised $10 million from Microsoft Venture Capital funds. Qualcomm has been heavily investing in next generation artificial intelligence solutions to develop better hardware for Android smartphones as it believes that the new 5G technology will enable companies to perform vast amounts of data processing in a short period of time. 

Read More: Toyota’s Subsidiary Woven Planet Holdings Acquires CARMERA

Senior Vice President of Qualcomm’s compute and infrastructure business unit, Alex Katouzian, said, “Today AI exists all around us, but no one really knows it too well. All of these things are happening without people realizing they are AI technologies running in the background.” 

Twenty Billion Neurons had earlier developed a unique artificial intelligence-powered smartphone application that could train and motivate users during their workout sessions. The app named Fitness Ally used a computer vision avatar that could interact with users in human-like ways. 

The startup had also released video datasets and baseline codes in the public domain for academic research purposes. Qualcomm has not yet disclosed its plans to utilize Twenty Billion Neurons’ products. 

The microchip manufacturing giant is aiming to develop high-performance artificial intelligence engines to ramp up the development of new artificial intelligence-powered features for smartphones. It also plans to build a power-efficient server system in order to provide high-performance cloud computing services. 

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Toyota’s Subsidiary Woven Planet Holdings Acquires CARMERA

Toyota’s Subsidiary Woven Planet Holdings Acquired CARMERA

Car manufacturing giant Toyota’s subsidiary Woven Planet Holdings acquires high definition mapping startup CARMERA. No official information has been revealed by the companies regarding the valuation of the deal. 

CARMERA is a US-based artificial intelligence startup that develops road safety solutions for autonomous driving vehicles. With this acquisition, Woven Planet aims to get a better grip on the market. 

CARMERA’s team will now work alongside Woven Planet’s Automated Mapping Platform (AMP) team to develop high-definition maps to improve safety features for self-driving vehicles. Both the enterprises had collaborated earlier in 2018 to develop a CARMERA-based HD mapping system for roads. Officials say that this acquisition will help the AMP department to boost their research speed and quickly commercialize their product using CARMERA’s expertise. 

Read More: Farah Fahim Awarded $2.5 Million To Develop Artificial Intelligence-Powered Chips For Data Processing

CEO and founder of CARMERA, Ro Gupta, said, “Woven Planet and Automated Mapping Platform have been highly aligned with CARMERA’s culture and mission from the beginning. Our teams have a common view of the unmet need for ubiquity in advanced mobility data going forward, including maps.” 

He further added that Woven Planet’s advanced platform would help them develop safety technologies for the industry. The merged company will focus on its ‘Mobility for all’ initiative using faster spatial intelligence. CARMERA will continue its operations from its offices in Seattle and New York and steadily integrate a fifty-member team into Woven Plant Holding’s projects. 

Vice President of Automated driving strategy at Woven Planet, Mandali Khalesi, said, “With CARMERA joining the team, we’ll be able to hit the accelerator. CARMERA’s software stack, which is focused on real-time high definition map changes and proprietary hardware custom tailored to crowdsourcing, is an ideal complement to AMP’s mapping efforts.” 

He also mentioned that with the support of industry-leading engineers from CARMERA, they would soon begin their operations in the United States. 

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Zoom Acquired Five9 To Develop Customer Engagement Platform

Zoom Acquired Five9 To Develop Customer Engagement Platform

Zoom has recently announced that it has acquired a cloud contact data center Five9 through a whopping $14.7 billion deal. With this new acquisition, the company wants to expand into other industries apart from video calling. 

Zoom will integrate its solution with Five9’s contact centers to develop a new customer engagement platform for the future that would transform the way of business communication. 

The companies have arranged a video conference on 19th July to inform the investors about new developments. The company mentioned that it expects an acceleration of its long-term growth after this acquisition in a press release. Zoom had offered a 13% premium to Five9, which had a market valuation of $11 billion to crack this deal. 

Read More: Facebook Launched Its Open-Source Chatbot Blender Bot 2.0

Founder and Chief Executive Officer of Zoom, Eric S. Yuan, said, “We are continuously looking for ways to enhance our platform, and the addition of Five9 is a natural fit that will deliver even more happiness and value to the customers. Zoom is built on a core belief that robust and reliable communications technology allows interactions that build greater empathy and trust, and we believe that holds particularly true for customer engagement.” 

He further added that they are thrilled to work with the Five9 team to develop an industry-leading communication platform. This acquisition will help Zoom to expand its customer base, using Five9’s market presence. Five9’s stakeholders are yet to approve the transaction that is expected to close by the first half of 2022. 

Chief Executive Officer of Five9 Rowan Trollope said, “It has always been Five9’s mission to make it easy for businesses to fix the problem and engage with their customers in a more meaningful and efficient way. Joining forces with Zoom will provide Five9’s business customers access to best-of-breed solutions.” 

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DeepMind’s Artificial Intelligence For Protein Structure Is Coming To The Masses

DeepMind’s Artificial Intelligence For Protein Structure Is Coming To The Masses

Alphabet’s DeepMind had recently announced that it had launched an open-source version of its artificial intelligence-powered platform AlphaFold 2. The platform is capable of accurately mapping protein structures much faster than traditional methods. 

The company developed this platform to tackle challenges like the protein folding problem by enabling scientists to generate accurate 3D protein structures in a very short amount of time. 

John Moult, a biologist at the University of Maryland, said, “This problem has been around for fifty years. Lots of people have broken their heads on it.” Other similar platforms like RoseTTafold, developed by David Baker and his team at the University of Washington, are also gaining popularity as they compete with DeepMind’s AlphaFold. 

Read More: Viz.AI And Avincenna.AI Have Partnered To Launch Artificial Intelligence-Powered Care Solution For Aortic Disease

He said, “It is appropriate that it is not coming out after ours, as our work is really based on their advances.” Earlier in 2020, DeepMind unveiled its artificial intelligence-powered technology in a competition called Critical Assessment Of Protein Structure Prediction (CASP). 

DeepMind had also partnered with the Drugs for Neglected Disease Initiative (DNDi) to develop cures for fatal diseases like Chagas and leishmaniasis. The CEO of DeepMind, Demis Hassabis, recently tweeted that the company’s AlphaFold will be available to the entire scientific community at no cost to assist scientists in their research and development process. 

Developers will now be able to download both RoseTTafold and AlphaFold’s code and independently work on enhancing the platforms. A biologist at the Toyota Technological Institute, Jinbo Xu, said, “Many researchers will build their own structure prediction methods upon Baker’s work.” 

David Baker’s team had earlier set up servers that have predicted more than 5000 protein structures and have been used by 500 researchers to date. 

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Facebook Open-Sources Blender Bot 2.0, A State-Of-The-Art Chatbot

Facebook Launched Its Open-Source Chat Bot Blender Bot 2.0

Facebook has recently launched its new open-source chatbot named Blender Bot 2.0 that is capable of building long-term memory along with its complete codes, evaluation setup, and model. 

The new chatbot is also capable of searching the internet in order to have in-depth conversations with users. Blender Bot 2.0 stores information gathered from discussions for months that can be used to provide better responses to users in upcoming conversations. 

Facebook has also taken care of privacy issues by separately storing information of the users. Data of a particular user will not be used in chats with other consumers. The new chatbot can provide quicker resonances as it is no longer dependent solely on the information gathered from users but can now search the entire internet to look for answers for queries. 

Read More: Viz.AI And Avincenna.AI Have Partnered To Launch Artificial Intelligence-Powered Care Solution For Aortic Disease

Facebook’s previous generation Blender Bot that used the GPT-3 language generation model was able to create realistic conversations, but it suffered from a goldfish memory. Facebook’s research platform ParlAI has now eliminated the mentioned drawback by launching the newly upgraded chatbot. 

The company’s test found out that Blender Bot 2.0 can outperform any other platform available in today’s market. Leveraging its high-end features, Bot Blender 2.0 is capable of staying up-to-date with the latest developments across the globe like sports scores, movies, and tv series, product reviews, and lots more. 

The chatbot uses a new Retrieval Augmented Generation model developed by Facebook that enables it to create dialogue responses beyond its locally available data. Facebook noted a 55% improvement in the use of previous conversations and a 17% increase in engagingness score over its earlier platform. 

The company believes that their ground-breaking technology will revolutionize the virtual assistance industry and it plans to further enhance its platform in the near future.

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Farah Fahim Awarded $2.5 Million To Develop Artificial Intelligence-Powered Chips For Data Processing

Farah Fahim Awarded $2.5 Million To Develop Artificial Intelligence-Powered Chips For Data Processing

Farah Fahim was recently awarded $2.5 Million by the United States Department of Energy to further develop her artificial intelligence-powered solution for data processing. 

The Ph.D. holder was given this prize money to work on her self-developed neural network and machine learning platform. Fahim’s solution is capable of converting raw data into high-quality information to overcome the challenge of data transfer bottleneck along with real-time data processing. 

Farah Fahim has become one of the first engineers to receive the Early Career Award for high-energy physics from the Department of Energy (DOE). The engineer has worked in the world’s largest particle physics laboratory to develop a particle detector capable of recognizing the trajectory of protons when they collide. 

Read More: Autonomous Driving Company Aurora Plans To Go Public Through SPAC Deal

Fahim now aims to build a neural network solution known as ‘artificial intelligence on chip’ to process the vast quantities of data produced during the collision process. Her solution will be able to process the data within the pixel where it is generated rather than sending it to the edge of the chip. 

Fahim and her team plan to use numerous energy-efficient nodes to build a neural network that specializes in detecting particle trajectories in the pixel detector for accurate data classification. 

Fahim said, “The long-term objective is real-time particle track reconstruction. We will contribute one drop of knowledge about how to analyze this information locally and how to transform the data.” 

Her award proves the fact that the industry is looking forward to new innovations in the field of data processing. Farah has been working with Fermilab for the past twelve years and was given the position of deputy head of the lab’s quantum science program in 2019. She is also the head of the ASIC department of the lab that develops artificial intelligence and 6G communication network solutions. 

Panagiotis Spentzouris, Head of Fermilab’s quantum science department, said regarding Fahima, “I am impressed by her entrepreneurial and innovative approach and the fact that she’s not afraid to try new things.”

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Viz.AI And Avincenna.AI Have Partnered To Launch Artificial Intelligence-Powered Care Solution For Aortic Disease

Viz.ai And Avincenna,ai Have Partnered To Launch Artificial Intelligence-Powered Care Solution For Aortic Disease

Viz.ai has recently partnered with Avincenna.ai to launch its artificial intelligence-powered smart care solution for patients suffering from fatal pulmonary embolism and aortic disease. The new platform would assist patients in making better decisions regarding the treatment of such fatal diseases. 

Both the companies plan to integrate Viz.ai’s algorithm for pulmonary embolism and different types of aortic diseases with Avincenna.ai’s intelligence care coordination system to develop a wholesome solution for all kinds of patient needs. 

Dr. Richard Saxon, a radiologist at Tri-City Medical center, said, “The addition of artificial intelligence-powered workflows will decrease the time from diagnosis to treatment and help to coordinate care for patients suffering from life-threatening pulmonary embolism and aortic disease. It will also help to facilitate faster and easier treatment decisions across health systems, and should improve outcomes for patients.”

Read More: AWS Launched Its First Public Sector Startup Ramp In India 

Viz.ai is a San Francisco-based company founded in 2016. It is a leading provider of artificial intelligence-driven healthcare software that helps patients and doctors effectively treat several diseases. Many global leaders have invested in Viz.ai, like Google Ventures, Kleiner Perkins, Greenoaks, and Innovation Endeavors. 

CEO and co-founder of Viz.ai, Chris Mansi, said, “We are delighted to partner with Avicenna.ai to bring intelligent care coordination to the peripheral vascular and vascular fields. This will form part of a broader Viz platform, where any patient with a life-threatening disease can benefit from artificial intelligence-powered triage, fast mobile communication, and synchronized care coordination.” 

He further mentioned that this partnership of the two companies would help innumerable patients avail advantage of artificial intelligence and help hospitals generate better clinical results. 
Cyril Di Grandi founded Avicenna.ai in 2018. The startup specializes in artificial intelligence-powered imaging solutions for radiology applications. Earlier, the company received approval from the Food and Drug Administration for its solution for neurovascular emergencies.

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Autonomous Driving Company Aurora Plans To Go Public Through SPAC Deal

Aurora Plans To Go Public Through SPAC

Pittsburgh-based autonomous driving company Aurora recently announced its plan to go public through a Special Purpose Acquisition Company (SPAC) deal with an initial valuation of $11 billion. 

The startup plans to crack a deal with LinkedIn’s co-founder Reid Hoffman’s company Reinvent Technology Partners by the end of this year. The newly merged company will be named Aurora Innovations Inc. 

Aurora was founded in 2016 by Chris Urmson, who is the former Chief Technology Officer of Google’s Waymo. The company has developed a self-driving software named Aurora Driver that can be integrated into vehicles for autonomous driving. 

Read More: Artificial Intelligence Startup Fractal Weighs IPO As Pandemic Accelerates Growth

Urmson, the founder and CEO of Aurora, said, “This is a natural next step for us. This will unlock the capital we need to deliver the Aurora driver as a service at scale.” He also mentioned that with this merger, they have put a step further in developing new self-driving vehicles and will be able to deliver the benefits of the technology to the public. 

The company is determined to enter various car segments, including trucks with many industry-leading partners like Volvo, Toyota, and Uber. Last year, Uber sold its autonomous driving vehicle department to Aurora. Afterwhich the company has been working on integrating Uber ATG employees in their team. 

The company recently made a deal with Volvo’s Autonomous Solutions unit to develop autonomous driving trucks in North America. With the company’s expertise, it plans to develop level-4 self-driving vehicles in the coming years. 
Mark Pincus, a co-founder of Aurora, said, “We believe Aurora will be the first to commercialize self-driving technology at scale for the US trucking and passenger transportation markets based on its industry-leading team, technology, and partnerships.” Urmson said they had spent four years building the company’s foundation, and now is the correct time to deliver their products and services.

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