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Hyro, an AI tool for enterprise users, has raised $20 million in fresh funding. Founded in 2018 and launched in 2020, Hyro works with healthcare providers to replace chatbots. The company has raised new money from Macquarie Capital amid a boom in AI interest. Hyro, a conversational AI startup for enterprises, has raised $20 million in new funding. Founded in 2018, Hyro is a plug-and-play AI startup that provides conversational AI tools to sectors such as healthcare.
Persons: ChatGPT, Israel Krush, GPT, Krush Organizations: Macquarie Capital, Investors, Liberty Mutual Strategic Ventures, Black Opal Ventures, Hanaco Ventures, Spero Ventures, Ventures Locations: New York
Oct 25 (Reuters) - Vesttoo Ltd said on Tuesday its valuation has more than tripled to $1 billion after the insurance risk transfer platform secured $80 million in late-stage funding at a difficult time for private companies to raise capital. The series C round drew investments from venture capital firms Mouro Capital, Gramercy Ventures, Black River Ventures and Hanaco Ventures. "In a time rife with uncertainty, Vesttoo is showing resilience, financial strength and profitability," said Chief Executive Yaniv Bertele in a statement. Vesttoo offers a platform for insurance companies to transfer their risk to capital market investors. Reporting by Manya Saini in Bengaluru and Carolyn Cohn in London; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
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