Industrial AI enterprise Detect Technologies raises $28M in funding

Detect Technologies, an AI-based SaaS startup, has raised US$28 million in a primary and secondary funding round led by Prosus Ventures, with participation from existing investors Accel and Elevation Capital. Other existing investors in the round included Shell Ventures, Bharat Innovation Fund, and Bluehill Capital. The startup was founded in 2013 by Daniel Raj David, Harikrishnan A.S., Tarun Mishra, and Karthik Rajasekaran. Detect Technologies is a cloud-based AI-powered enterprise tech SaaS startup that provides intelligence to industries for mitigating high-consequence risks. The platform has built a large library of AI…

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A Fuzzy AI Algorithm to help people with memory loss

A new computer system developed by Parham Aarabi of the University of Toronto can store and retrieve information strategically, just like our brains. In addition, the associate professor at the Edward S. Rogers Sr. department of electrical and computer engineering in the Faculty of Applied Science & Engineering has developed an experimental tool that uses the novel algorithm to assist persons with memory loss. “Most people think of AI as more robot than human,” says Aarabi, whose framework is explored in a paper being presented this week at the IEEE…

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What are the AI trends in business?

AI will be used to simplify and improve operations in 2022 and the years that follow. Businesses should aim to gain from the commercial application of AI by strengthening their IT infrastructure and data management. However, not every deployed AI model may be beneficial to businesses and suited for performance monitoring. We’ll concentrate on AI trends that are likely to become widespread 2022. AI for Security & Surveillance Face recognition, speech recognition, and video analysis have already used AI approaches. These strategies are the most effective combination for surveillance and…

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