TechTaffy

tech:

taffy

Element Analytics raises $19.5M in Series A funding

By TechTaffy Desk

Element Analytics, a San Francisco-based developer of analytics data management and integration software for industrial companies, has raised a Series A funding of $19.5 million.

Existing investors Kleiner Perkins Caufield & Byers participated in the investment (Kleiner Perkins Green Growth Fund), along with new investors GE Ventures, Honeywell Ventures, ABB Technology Ventures, Mitsui, Aster and Blue Bear Capital.

Element Analytics says it plans to use the funding to invest in software development, market development and operations. The company has raised $22 million to date.

[Image courtesy: Element Analytics]

Just in

Public Sector

Leidos awarded $206M NGA contract for geospatial processing modernization

Leidos has been awarded a contract by the National Geospatial-Intelligence Agency's (NGA) Exploitation Services Program to sustain and modernize geospatial processing.
AI

Infosys, ServiceNow ink generative AI collaboration

Infosys and ServiceNow have inked a collaboration to develop generative AI-powered industry solutions.
Around the web

Saudi Arabia’s internet usage hits 99% in 2023 — Gulf News

Saudi Arabia recorded a significant increase in internet usage in 2023, with a penetration rate reaching 99 per cent, demonstrating near-universal access among its population, according to a Gulf News report. 
Series C

Atlan raises $105M

San Francisco, Calif.-based Atlan, providers of a data and AI governance platform, has raised $105 million in a Series C funding round.
AI

OpenAI introduces AI-generated content detection tool

OpenAI has announced the launch of a new tool designed to distinguish content created by artificial intelligence.