By Ljubinko Zivkovic
VentureBeat reports on two new high fundings for startups developing artificial intelligence. Umbo Computer Vision (UCV) works on autonomous video security systems to businesses, while Xor is developing an AI chatbot platform for recruiters and job seekers. Both startups are located in San Francisco, and UCV is a joint venture with Taiwan and has a base there and in the UK too. UCV raised $8 million for its Ai-powered video security, while Xor managed to raise $8.4 million for its project.
Xor’s capital infusion came after a year in which the startup tripled its sales in the US, “reaching $2 million in annual recurring revenue and closing deals with over 100 customers in 15 countries, including ExxonMobil, Ikea, Baxter Personnel, Heineken, IBS, Aldi, Hoff, McDonald’s, and Mars.” As the company co-founder and CEO Aida Fazylova explains, she “started the company to let recruiters focus on the human touch — building relationships, interviewing candidates, and attracting the best talent to their companies.