TytoCare raises an additional $50M for its oversubscribed Series D round

TytoCare, a telehealth platform and remote care device maker, has added another $50 million to its Series D funding round, bringing the oversubscribed round to a total of $100 million.

The Israeli startup raised the first $50 million in April 2020 in a round led by Insight Partners, which led this extension as well. New investors Tiger Global Management and Qumra Capital joined this time around, as well as investors from previous rounds, including Qualcomm Ventures, Olive Tree Ventures, and Shenzhen Capital Group Company. Read more…

FundGuard, an AI-powered software-as-a-service investment management platform, today announced that it closed a $12 million funding round. The investment will spur product development to support existing partnerships, FundGuard says, in addition to helping to meet demand from alternative funds and insurers.

AI is increasingly being used to manage assets toward the goal of maximizing returns on investments. For example, trading algorithms leverage AI to devise novel signals and execute trades with lower overall transaction costs. AI can also bolster risk modeling and forecasting by generating insights from previously untapped data sources. Read more…

NEW YORK, Oct. 18, 2018 /PRNewswire/ — FundGuard, a cloud-based investment funds operating system powered by AI and designed to revolutionize the investment funds technology space, today announced its launch and $4 million in funding led by venture firms Blumberg Capital and LionBird. FundGuard will use the capital to accelerate the development of its platform and Contingency NAV product as well as to bring operational efficiencies afforded by AI and cloud technologies to market.