• Chewing gum billionaire leads funding for Atlanta medical cannabis startup

    2 monthes ago - By Biz Journals

    A local medical marijuana therapeutics startup recently raised $65 million in a Series C equity round led by chewing gum billionaire William “Beau” Wrigley, Jr. II.
    Surterra Wellness, a medical cannabis company founded in 2014, has raised a total of $100 million with the new round since 2015.
    Despite being headquartered in Atlanta, Surterra Wellness only has licenses to operate in Texas and Florida at this time. The company plans to use the funding for several initiatives in these states,...
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  • Chinese AI start-up Tianrang raises a $26M funding round, launches new project to apply ML to cities

    Chinese AI start-up Tianrang raises a $26M funding round, launches new project to apply ML to cities

    2 monthes ago - By Tech Crunch

    Chinese AI start-up Tianrang has raised a $26M funding round from China's Gaorong Capital and co-lead CMB International. Other investors included Ziniu Fund and Chinese fintech company Wacai. In 2016, the company raised an angel round led by Gaorong Capital and participated by Shanghai Jindi Investment Management Ltd.
    Based on deep learning and other AI technology, Tianrang provides data analysis and smart solutions for enterprises and was founded by in 2016 by Xu Guirong, former director of Alibaba's Ali Cloud and chief scientist at Alibaba's cloud platform Alimama. So no slouch on the AI...
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