Tines, an AI-powered workflow automation company, has secured $125m in a Series C funding round, bringing its valuation to $1.125bn. The round was led by Growth Equity at Goldman Sachs Alternatives, with new investors SoftBank Vision Fund 2 and Activant joining, alongside existing backers Accel, Felicis, CrowdStrike Falcon Fund, and Addition. Founded in 2018, Tines […]
Moderne, a company specialising in automated code refactoring and analysis, has secured $30m in a Series B funding round. The investment was led by Acrew Capital, with participation from Morgan Stanley, Amex Ventures, and TIAA Ventures. Existing investors, including Allstate, Intel Capital, Mango Capital, and True Ventures, also joined the round. The Miami-based firm is […]
As financial markets evolve, the need for accurate and efficient valuation of assets remains crucial—particularly for illiquid financial instruments. While artificial intelligence (AI) has reshaped numerous industries, its application in fair value measurement is gaining prominence. Kidbrooke, a unified analytics platform for investment and wealth, recently explored how leveraging machine learning techniques like hierarchical clustering and artificial […]
BlueFlame AI, a front-runner in generative artificial intelligence (Gen AI) solutions for alternative investment managers, announced today the debut of its no-code workflow automation tool, Blueprints. This innovative solution marks a notable advancement in investment technology, offering a means to automate both mundane and intricate tasks using Gen AI, with no need for technical know-how or […]
Oyster has released an innovative suite of digital products aimed at revolutionising the property and casualty (P&C) insurance experience for small and medium-sized businesses (SMBs). Leveraging cutting-edge AI and large language models (LLMs), this suite aims to empower business owners to manage their insurance needs more effectively and take control over their risk management. This launch […]
Fabric, a leading player in omnichannel retail technology, has partnered with Amazon Web Services (AWS) to improve commerce for omnichannel retail. Fabric provides a composable platform that orchestrates the commerce order lifecycle, from product information management to real-time inventory and order fulfillment. The collaboration between Fabric and AWS aims to revolutionize the retail sector by […]
The next significant development in artificial intelligence (AI), referred to as “agentic AI,” represents a crucial evolutionary step for technology within the finance sector and beyond. According to Saifr, these artificial intelligence systems are distinguished by their ability to act autonomously and make independent decisions in dynamic environments. Unlike robotic process automations which perform repetitive tasks, […]
Insurity has partnered with Gain Life to become the first major claims system to offer a fully integrated claims communication platform. The collaboration aims to address key challenges faced by insurers, including the high administrative workload involved in claims processing and the limited capacity of claims professionals to provide client support. Through this partnership, Insurity seeks to revolutionise […]
Sedric AI, a leading innovator in AI-driven compliance solutions for financial institutions, announced today that it has successfully secured $18.5m in Series A funding. The funding round was spearheaded by Foundation Capital, with significant contributions from Amex Ventures and further support from existing investors including StageOne Ventures and The Garage. This investment brings Sedric AI’s […]
Cisco, a leader in IT, networking, and cybersecurity solutions, has announced its acquisition of Robust Intelligence, an AI security company. According to CTech, founded by Israeli mathematician Professor Yaron Singer, Robust Intelligence specialises in the protection of AI models across their lifecycle. The acquisition aims to enhance Cisco’s AI security capabilities. Although the purchase amount was […]
