Odds and Ends 

Skymind raises $11.5M to bring deep learning to more enterprises

Skymind, a Y Combinator-incubated AI platform that aims to make deep learning more accessible to enterprises, today announced that it has raised an $11.5 million Series A round led by TransLink Capital, with participation from ServiceNow, Sumitomo’s Presidio Ventures, UpHonest Capital and GovTech Fund. Early investors Y Combinator, Tencent, Mandra Capital, Hemi Ventures, and GMO Ventures, also joined the round/ With this, the company has now raised a total of $17.9 million in funding. The inclusion of TransLink Capital gives a hint as to how the company is planning to…

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In venture capital, its still the age of the unicorn

Howie Xu At the time, the piece defined a new breed of startup — the $1 billion privately held company. When Lee did her first count, there were 39 “unicorns”; an improbable, but not impossible number.. Today, the once-scarce unicorn has become a global herd with 376 companies on the roster and counting. But the proliferation of unicorns begs raises certain questions. Is this new breed of unicorn artificially created? Could these magical companies see their valuations slip and fall out of the herd? Does this indicate an irrational exuberance…

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Cisco is buying Duo Security for $2.35B in cash

Cisco today announced its intention to buy Ann Arbor, MI-based security firm, Duo Security. Under the terms of the agreement, Cisco is paying $2.35 billion in cash and assumed equity awards for Duo. Duo Security was founded in 2010 by Dug Song and Jonathan Oberheide and went on to raise $121.M through several rounds of funding. The company has 700 employees with offices throughout the United States and in London, though the company has remained headquartered in Ann Arbor. Co-founder and CEO Dug Song will continue leading Duo as its…

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Google and Cisco announce hybrid cloud partnership

Google and Cisco today announced a new partnership around helping their customers build more efficient hybrid cloud solutions. Unsurprisingly, given Google’s recent focus, this partnership centers around the Google-incubated Kubernetes container orchestration tool, as well as the Istio service mesh for connecting and securing microservices across clouds. “Google Cloud and Cisco are committed to meeting customers wherever they are in their journey to the cloud,” said Diane Greene, the CEO of Google Cloud, in today’s announcement. “This partnership enables developers and IT departments to seamlessly take advantage of the most open,…

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VCs determined to replace your job keep AIs funding surge rolling in Q2

Joanna Glasner is a reporter for Crunchbase. More posts by this contributor: Not a minimalist? Startups will gladly store, manage and deliver your items The state of the unicorn These are good times for AI entrepreneurs. Recent analysis of venture data shows that funding for artificial intelligence startups continues its upward trend in 2017, with investment hitting new highs. (For deep dives into aggregate Q2 venture performance, headherefor the world, andherefor just the U.S.) Venture, corporate and seed investors have put an estimated $3.6 billion into AI and machine learning companies this…

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