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illumex announces $13M funding to enable trustworthy and governed enterprise GenAI with structured data [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: Yahoo! Finance
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
NEW YORK June 27, 2024 /PRNewswire/ -- illumex , the Generative Semantic Fabric platform for structured enterprise data, announced today that it has raised $13M in seed funding. The round was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures, with participation from ICI Fund, Jibe Ventures, Iron Nation Fund, Ginossar Ventures, ICON Fund, Today Ventures, and renowned angel investors. illumex empowers organizations to overcome data challenges that hinder generative AI (GenAI) initiatives by automating the creation of a semantic layer that unifies data silos and adds business context, as well as generating a consistent vocabulary of domain-specific terminology. The company already has large enterprises, like Teva and Carson, leveraging illumex for their data AI readiness and has forged partnerships with Microsoft, Google Cloud, and AWS. Adoption of generative AI has surged over the past year, with two-thirds of organizations now using the technology, according to a recent [Read more]
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Stockreport

illumex announces $13M funding to enable trustworthy and governed enterprise GenAI with structured data [Yahoo! Finance]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: Yahoo! Finance
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
NEW YORK June 27, 2024 /PRNewswire/ -- illumex , the Generative Semantic Fabric platform for structured enterprise data, announced today that it has raised $13M in seed funding. The round was led by Cardumen Capital, Amdocs Ventures, and Samsung Ventures, with participation from ICI Fund, Jibe Ventures, Iron Nation Fund, Ginossar Ventures, ICON Fund, Today Ventures, and renowned angel investors. illumex empowers organizations to overcome data challenges that hinder generative AI (GenAI) initiatives by automating the creation of a semantic layer that unifies data silos and adds business context, as well as generating a consistent vocabulary of domain-specific terminology. The company already has large enterprises, like Teva and Carson, leveraging illumex for their data AI readiness and has forged partnerships with Microsoft, Google Cloud, and AWS. Adoption of generative AI has surged over the past year, with two-thirds of organizations now using the technology, according to a recent [Read more]
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GOOG
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Price Change %
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%
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Performance comparison Updated
EVENT DAY
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LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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%
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%
PRICE CHANGE
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TICKS
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EVENT DAY
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