Next-gen enterprises rely on data to deploy AI-powered solutions

Thousands of new startups are launched every year. As artificial intelligence, machine learning, and big data technology are transforming every industry, AI-driven initiatives are playing the leading role.

TAZI.AI, a company that provides easy-to-use, no-code, adaptive, and transparent machine learning (ML) solutions, has raised $4.6 million in a funding round led by Illuminate Ventures, Enterprise/B2B software in the seed phase. targeted venture capital (VC) firm.

The round was also joined by Diffusion Capital Partners, Foothill Ventures, Handshake Ventures and angel investors.

The funding came as TAZI.AI announced the official launch of its machine learning solutions, particularly for the insurance, healthcare and pharmaceutical industries, based on its SaaS machine learning platform. (software as a service).

TAZI users will now be able to build machine learning models and start seeing business results in as little as 40 days, according to its co-founder and CEO, Zehra Çataltepe.

“This investment will help us expand our team and grow our corporate client base. My goal is to make ML accessible to everyone; even my mother should be able to use it soon,” Çataltepe said.

Investors

Obtaining constantly improving predictive information is essential for companies to better serve their customers.

“TAZI.AI does just that by putting the power of ML directly into the hands of business users and enabling them to build and deploy ever-improving predictive models in a fraction of the time of existing approaches,” said Jennifer Savage, partner at Illuminate Ventures.

“TAZI.AI’s approach can also help early adopters, such as those in the insurance and healthcare industries, leverage ML without the need for a substantial financial investment in talent or resources. software to use ML at scale.”

Alper Karagöz, Partner at Diffusion Capital Partners, said: “We have been supporting TAZI.AI since their first institutional funding round. We are pleased to participate in their new funding round as the company expands its customer base.

Bill Elmore, longtime industry veteran and founder of Handshake Ventures, said, “TAZI’s strong product and team led by impressive co-founders Zehra and Tanju will help realize their vision; it is really worth our support.

Pioneer of machine vision

Vispera, which offers the technologies it has developed in the field of machine vision and machine learning as a solution to the fast-moving consumer goods (FMCG) and retail sectors in more than 30 countries, began to prepare for its growth target in the United States and European.

After creating Vispera Corp. in the United States, the image recognition-based technology development startup, which completed a new funding round in January, is working to expand its customer portfolio and range of business partners in Europe, the Middle East and in Africa (MEA) and the Commonwealth of Independent States (CIS) regions with its office in the UK.

Aiming to become the world’s leading technology provider in the field of image recognition (IR) for the retail industry, Vispera plans to take steps such as continuing to develop innovative products by expanding its research and development (R&D) and software development teams, as well as maintaining its quality service by expanding its sales and customer support teams in the future.

High-tech unicorn

“2022 has been a very busy year for Vispera since its early days,” said Aytül Erçil, Co-CEO of Vispera.

“We are advancing our collaborations with leading companies such as Capgemini, Zebra and Shelvz. We participated in the Retail Technology Show and Eurocis with HP and the Reflexions event with Zebra. In the coming months, we will continue to participate in events with strong business partners,” Erçil said.

“At this point, important developments for the sector, such as the Turquality program in our country, make us happy. With the power we derive from our achievements, we are rapidly advancing towards our goal of becoming Turkey’s first high-tech unicorn by effectively utilizing these mediums to become the world’s largest IR technology provider in retail. .

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