mCloud’s annual revenue hit a record of C$26.9 million in 2020, up 47% from 2019. AssetCare revenue comprised 76% of total revenue and, with a strong backlog and sales pipeline, is expected to double AssetCareAssetCare revenues in 2021. [more]
Upstart Holdings, an AI-driven lending platform, launched its IPO at $20.00 per share on the NASDAQ at an approximate valuation of $1.5B. On the first day of trading, Upstart’s stock increased by 47% from the IPO price to $29.47 per share. [more]
ServiceNow, a U.S. cloud-based software company, announced the acquisition of Element AI, a Canadian artificial intelligence software company. The acquisition involves plans to build the first AI Innovation Hub in Canada. [more]
C3.ai, a U.S. enterprise AI software provider, listed on the NYSE under the ticker “AI”. C3.ai raised proceeds of over $650M with an approximate valuation of $4B. [more]
Advertising revenue recovered in the quarter as many customers renewed previously paused campaigns and started to spend on new campaigns. Q3/2020 revenue increased 15% year-over-year. Even during the current health crisis, EQ added 33 new clients so far in 2020. [more]
In an effort to improve services for patients, healthcare companies are focusing on acquiring and developing AI technologies to enhance administrative and operational capabilities. Last year, global AI venture capital investments in the healthcare and pharmaceutical sector reached $2.4B compared with $1B in the prior year. [more]
Advertising revenue in the quarter was negatively impacted by the outbreak of COVID-19 as certain customers suspend or postponed work. Q2/2020 Revenue was $1.73M, a decrease of 22%, compared to $2.21M in Q2/19, but in-line with our estimate of $1.77M. [more]
The enterprise Big Data & Analytics company was founded by billionaire investor Peter Thiel and Dr. Alex Karp. The Company expects to bill $1B in revenue in 2020 and be profitable. Verticals include defense and intelligence agencies, including the CIA, energy, financial services, healthcare, manufacturing and transportation sectors. [more]
According to trend-tracking and prediction technology firm RIWI, data suggests U.S. economic recession is much deeper than current jobs data is reporting and Biden has a slight lead on Trump for the Presidential election but beware of the “shy Trump voter” effect. [more]
Digital Marketing Agency evolving into a data & analytics company as EQ’s data segment grows 112% Y/Y and the company signs key partnerships with data and service providers across Advertising, Banking, Financial and Insurance industries. [more]
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