Sunnyvale-based CRM company Neura has secured $16 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Sept. 4 and led by Pitango Venture Capital.
According to its Crunchbase profile, "Neura is an Artificial Intelligence (AI) platform company that enables companies to reach their customers at precise, meaningful moments across mobile apps and Internet of Things (IoT) devices. Neura uses machine learning algorithms to analyze sensor data to create insights about end-user real-world experiences. Neura-enabled apps deliver personalized services, notifications and alerts that match when the end-user is most receptive."
The seven-year-old company has raised five previous funding rounds, including an $11 million Series A round in 2016.
The round brings total funding raised by Sunnyvale companies in artificial intelligence over the past 90 days to $17 million, an increase of $150,000 from the previous three-month period. The local artificial intelligence industry has produced 14 funding rounds over the past year, raking in a total of $80 million in venture funding.
In other local funding news, augmented reality company DoubleMe announced a $1 million grant on Sept. 9, financed by National IT Industry Promotion Agency - NIPA.
According to Crunchbase, "Imagine being able to communicate in life-size hologram in real-time from anywhere. With DoubleMe’s HoloPort, anyone can communicate in full holograms in real-time with an extremely simple system at home. Think Jedi hologram conference with the simplicity of Skype."
Founded in 2014, the company has raised 11 previous rounds, including a $400,000 grant earlier this year.