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Axelera AI raises $50M (The Netherlands)

Eindhoven-based Axelera AI, a company providing computer vision and Edge AI solutions, has announced the addition of new investors in its Series A round, thereby raising the total amount to $50 million.

New investors include CDP Venture Capital, Verve Ventures, and Fractionelera, the latter being specifically formed to finance Axelera AI. Innovation Industries also amplified its investment, thereby becoming the firm’s largest investor.

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Mizuho, IBM develop AI system for banking error detection

Mizuho and IBM have collaborated to develop a proof of concept (PoC) system that utilizes watsonx, IBM's enterprise generative AI and data platform, to enhance the efficiency and accuracy of Mizuho's event detection operations.

Lumos raises $35M

San Francisco, CA-based access management platform provider Lumos has raised $35 million in Series B financing.

Aerodome raises $21.5M

Aerodome, a Los Angeles, CA-based company specializing in Drone-As-First-Responder (DFR) technology, has secured $21.5 million in a Series A funding round.

Uncle Sam to inject $50M into auto-patcher for hospital IT — The Register

The US government's Advanced Research Projects Agency for Health (ARPA-H) has pledged more than $50 million to fund the development of technology that aims to automate the process of securing hospital IT environments, writes Jessica Lyons in The Register.