In the past month of April funding continued to fuel Artificial Intelligence companies worldwide. Here is a recap of the Top AI Investments of April 2019 that made it into the news making developers, startups, investors, and established AI companies stand up and take notice-

1. Uber Advanced Technologies Group

Announced Date: Apr 19, 2019

Funded Amount: $ 1 billion

Main Investors: Denso, SoftBank Vision Fund, Toyota Motor Corporation

Funding Round: Corporate Round – Uber Advanced Technologies Group

Rental major Uber announced a deal for a $1 billion investment in its self-driving vehicle unit, just weeks before its initial public offering. The investment was led by Toyota and Japanese auto-parts supplier Denso who together invested $667 million. Softbank’s Vision Fund invested $333 million. The investment values Uber Advanced Technologies Group (ATG), at $7.25 billion and creates a newly formed corporate entity with its own board.

2. UiPath

Announced Date: Apr 30, 2019

Funded Amount: $568 million

Main Investors: Dragoneer Investment Group, Coatue Management, Wellington Partners, Sands Capital Ventures

Funding Round: Series D

UiPath one of the fastest growing and highest-valued AI enterprise software companies worldwide closed a $568 million Series D funding round at a post-money valuation of $7 billion. The latest funding round was led by Coatue Management and supported by the Dragoneer Investment Group and Wellington Partners.

3. Lemonade

Announced Date: Apr 11, 2019

Funded Amount: $300 million

Main Investors: SoftBank, Allianz, General Catalyst, GV, OurCrowd, and Thrive Capital

Funding Round: Series D

Lemonade is a Fintech company offering homeowners and renters insurance services powered by artificial intelligence and behavioural economics. The company has raised $480 million to date. Its latest investment is led by the SoftBank Group and brings the company’s valuation to more than $2 billion.

4. SambaNova Systems

Announced Date: Apr 1, 2019

Funded Amount: $150 million

Main Investors:
Intel Capital, GV, Walden International, Atlantic Bridge, Redline Capital

Funding Round: Series B

SambaNova Systems is a Palo Alto-based computing startup built on software-defined analytics platform powering optimum performance for ML training and analytics models. SambaNova Systems has till date raised a total of $206 million in equity funding and aims to utilize its current round of funding to expand its global footprint

5. Black Sesame Technologies

Announced Date: Apr 12, 2019

Funded Amount: $100 million

Main Investors: Legend Capital, Fenghe Investment, Delta Capital, SK China, Legend Capital, China Merchants Capital, Northern Light Venture Capital and SAIC Motor

Funding Round: Series B

Black Sesame Technologies develops image/video processing algorithms and related applications for imaging systems. It was founded in 2016 and is based in Silicon Valley and Shanghai. Black Sesame Technologies has raised a total of $115 million in funding over 2 rounds. Its latest funding was raised on Apr 12, 2019 from a Series B round.

6. Bill.com

Announced Date: Apr 2, 2019

Funded Amount: $88 million

Main Investors: Temasek Holdings, Fidelity, Cross Creek, MasterCard, Franklin and Templeton Investment

Funding Round: Series B

Palo Alto-based Bill.com is the leading digital business payments company creating simple AP and AR solutions, which helps over 2 million members process $60 billion in payments annually. Founded by Rene Lacerte in 2006, Bill.com has till date raised a total of $347.1 million in equity funding.

7. Bitglass

Announced Date: Apr 8, 2019

Funded Amount: $ 70 million

Main Investors: Norwest Venture Partners, Future Fund, Quadrille Capital, New Enterprise Associates, Singtel Innov8

Funding Round: Venture Round

Bitglass founded in 2013 is based in Silicon Valley. The company is a cloud security leader in delivering data and threat protection services to enterprises worldwide. Bitglass has raised a total of $150.1 million in funding over 4 rounds. Its latest funding was raised on Apr 8, 2019 from a Series D round.

8. Mavenlink

Announced Date: Apr 11, 2019

Funded Amount: $ 48 million

Main Investors: Carrick Capital Partners, Goldman Sachs

Funding Round: Series E

Mavenlink is a leading provider of cloud-based software solutions for professional and marketing services organizations. The company has to date raised a total of $111.5 million in funding over 5 rounds. Its latest funding was raised on Apr 11, 2019 from a Series E round which it plans to delegate to Resource planning, supply chain management, and augment its Machine learning and AI capabilities.

9. Embroker

Announced Date: Apr 9, 2019

Funded Amount: $ 28 million

Main Investors: Tola Capital, XL Innovate, Bee Partners, Canaan Partners, Manulife Financial, Nyca Partners

Funding Round: Series B

Embroker is trusted by more than 2,500 companies for all aspects of their commercial insurance. The company has raised a total funding to date of $42 million and will use this funding to scale adoption of its insurance management platform, data-driven service offering, and proprietary insurance policies.

10. CleverTap

Announced Date: Apr 10, 2019

Funded Amount: $ 26 million

Main Investors: Sequoia Capital India

Funding Round: Series B

Analytics Software-as-a-Service company CleverTap is a customer lifecycle management platform that counts leading brands among its clientele like Vodafone, Star, Sony, Domino’s Pizza, and BookMyShow.

The company has to date raised a total of $41.6 million in funding over 4 rounds. Its latest funding was raised on Apr 10, 2019 from a Series B round whose proceeds will go towards product innovation and increasing its geographical footprint globally.

11. Affectiva

Announced Date: Apr 11, 2019

Funded Amount: $ 26 million

Main Investors: Aptiv, CAC, Trend Forward Capital, Motley Fool Ventures

Funding Round: Series B

Boston emotional AI startup Affectiva is an emotion measurement technology company that has developed AI-powered software to recognize human emotions based on their facial cues or physiological responses. With its latest round of funding, the company plans to aggressively grow its research and development team, to bring its AI capabilities to the automotive industry.