We are still in the first innings of generative artificial intelligence (AI). But the innovative and groundbreaking technology, which represents an entirely new computing paradigm, has already hit a home run in capturing the attention of both public institutions and private enterprises. And for the...
If you’re searching for unicorns, you might want to look in the generative AI space. A report published Tuesday (Oct. 17) by venture firm Accel says generative artificial intelligence (AI) companies are now the main driver of “unicorns,” or startups valued at $1 billion. In fact, 60% of new...
Aavenir, an artificial intelligence (AI)-enabled source-to-pay (S2P) solution provider, raised $6 million in Series A funding, the company announced Tuesday (March 22). Aavenir said it will use the capital to build new products, increase its S2P solutions footprint and strengthen its sales team for market...
Former Instacart CFO Sagar Sanghvi is now part of the Accel investment team, according to a blog post on the company’s website on Friday (Sept. 17). “We have never been more excited about the tremendous opportunities to create transformational companies, as we continue to participate...
May 22, 2024
Nory has raised $16 million in Series A funding to expand the use of artificial intelligence (AI) in the hospitality industry. The company will use the new funding to accelerate its product development and prioritize its international expansion, Nory said in a Wednesday (May 22) blog post. “Nory is on a mission to help systemize […]
October 17, 2023
If you’re searching for unicorns, you might want to look in the generative AI space. A report published Tuesday (Oct. 17) by venture firm Accel says generative artificial intelligence (AI) companies are now the...
March 22, 2022
Aavenir, an artificial intelligence (AI)-enabled source-to-pay (S2P) solution provider, raised $6 million in Series A funding, the company announced Tuesday (March 22). Aavenir said it will use the capital to...
September 17, 2021
Former Instacart CFO Sagar Sanghvi is now part of the Accel investment team, according to a blog post on the company’s website on Friday (Sept. 17). “We have never been...
