The Weekly Notable Startup Funding Report: 4/8/24 – AlleyWatch alleywatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alleywatch.com Daily Mail and Mail on Sunday newspapers.
Hive raises $85M for AI-based APIs to help moderate content, identify objects and more
As content moderation continues to be a critical aspect of how social media platforms work one that they may be pressured to get right, or at least do better in tackling a startup that has built a set of data and image models to help with that, along with any other tasks that require automatically detecting objects or text, is announcing a big round of funding.
Hive, which has built a training data trove based on crowdsourced contributions from some 2 million people globally, which then powers a set of APIs that can be used to identify automatically images of objects, words and phrases a process used not just in content moderation platforms, but also in building algorithms for autonomous systems, back-office data processing, and more has raised $85 million in a Series D round of funding that the startup has confirmed values it at $2 billion.
VoloCity, an autonomous helicopter eVTOL,
announced on March 3 the signing of its Series D funding round, raising €200 million (USD $240 million) in additional capital. Cumulatively, Volocopter has raised €322 million. It said the funding will be used to solidify Volocopter’s leading position in the urban air mobility (UAM) market by bringing
VoloCity, the battery-powered air taxi for cities, to certification and by accelerating the launch of its first commercial routes.
Said to be the first eVTOL company to receive Design Organization Approval (DOA) by the European Union Aviation Safety Agency (EASA), Volocopter says it is in the final stages of providing new, sustainable mobility options for cities around the world. Future services range from electric autonomous aircraft for passenger flight, to transporting goods with the company’s