Whale Raises $60M for AI Expansion, Intel's Gaudi 3 Launch, and Cineverse's New Tech Group - Enterprise AI Brief #18

Hi there,

Welcome to the latest edition of the Enterprise AI Brief, where we bring you the most recent developments in the world of artificial intelligence and its impact on businesses. This week, Cohere has reported a significant milestone, doubling its revenue to $100 million, showcasing the growing demand for AI-driven solutions. Meanwhile, commercetools has launched its new Commerce MCP and AI Hub, aiming to enhance the digital commerce landscape with advanced AI capabilities.

In other news, Starburst has received a notable investment from Citi, which is expected to fuel its growth and innovation in the data analytics sector. Additionally, GMI Cloud has announced its relocation to Mountain View, positioning itself closer to the heart of technological innovation. Stay tuned as we delve into these stories and more, highlighting the dynamic shifts and partnerships shaping the AI industry today.

Cohere has doubled its annualized revenue to $100 million, driven by demand for secure AI tools among enterprise clients. Setuply, Inc. and Timerack have formed a strategic partnership to enhance workforce management solutions for staffing agencies, focusing on operational efficiency and client experiences. At the Global Commerce Summit, commercetools announced the release of Commerce MCP and AI Hub, designed to integrate AI into enterprise commerce systems seamlessly. Apex Capital Corp has partnered with Transflo to integrate into its Workflow AI Ecosystem, aiming to improve automation in factoring services and enhance client service. Cognizant has expanded its collaboration with Pegasystems to integrate AI-driven services, aiming to help enterprises transition from legacy systems to AI-powered solutions.

Starburst has announced a strategic investment from Citi to boost its growth in the data analytics sector. Roots has appointed Robin Spaulding as head of insurance to lead AI transformation efforts in claims and underwriting processes. GMI Cloud has moved its headquarters from San Jose to Mountain View, California, to foster collaboration with AI innovators and support its growing team. Singapore-based AI company Whale has secured over US$60 million in funding to enhance its enterprise AI solutions and expand into new markets including Southeast Asia, North America, and Europe. Dashlane has appointed Christophe Frenet as Chief Product Officer to lead its product vision and strategy, focusing on the AI-driven Omnix platform for credential security. Workato has appointed Will Corkery as Chief Revenue Officer to lead its global sales and customer success teams. This strategic move aligns with the company's growth amid rising demand for AI-native platforms. Anthony DeMario has been appointed as Executive Vice President at Strider Technologies, Inc., where he will lead the development of the company's AI strategy. On May 19, 2025, Datasea Inc. announced two service contracts totaling $100 million for 5G and AI services with Qingdao Ruizhi Yixing and Qingdao Dong'an, enhancing its digital services in China.

Strider Technologies, Inc. has introduced 'Spark', an AI-driven intelligence engine aimed at identifying and mitigating state-sponsored threats, enhancing security response times. ABBYY has released its AI Risk Management Policy to assist organizations in adhering to AI regulations. The company is working with partners to offer a Model Risk Management solution aimed at enhancing compliance and governance. Grant Thornton has launched CompliAITM, an AI tool developed with Microsoft Azure OpenAI Service, to improve risk and compliance services by pairing professionals with AI agents.

GMI Cloud has partnered with NVIDIA to boost AI development using the DGX Cloud Lepton platform, while Dell Technologies collaborates with Mistral AI to integrate AI solutions into its infrastructure. NVIDIA has launched RTX PRO Servers to support AI-driven IT operations, and G42 and Mistral AI are co-developing AI platforms in Abu Dhabi. Pigment teams up with Google Cloud for AI business planning, and the O-RAN ALLIANCE funds a Digital Twin platform for AI research. TrendForce predicts a 14.3% growth in the DCI market by 2025, and Aderant unveils new cloud financial tools for law firms.

Safran Federal Systems launched HyperReveal, a geospatial AI platform, at the 2025 GEOINT Symposium to enhance decision-making for U.S. defense. Qlik introduced its Open Lakehouse service and AI features at Qlik Connect 2025, focusing on enterprise-scale AI and data analytics. Boomi and AWS announced a partnership to improve AI governance and support SAP migrations to AWS.

Siteimprove has appointed Kalvin Brite as Senior Vice President of Product, aiming to enhance AI-powered innovation. Brite brings over 15 years of experience from companies like Contentful and Twilio. TechSee has appointed Lawrence Askowitz to its Telecom Advisory Board to enhance its Visual Agentic AI solutions. Askowitz brings over 30 years of telecom experience to help improve customer experience and reduce costs for service providers.

Barndoor AI has raised $13.6 million in seed funding to launch a platform for managing AI agents in organizations, focusing on security and efficiency. Meibel, based in Washington, DC, has raised $7 million in Seed funding to advance its AI platform. The funding will help expand their product and engineering teams.

Applify has partnered with Amazon Web Services (AWS) to boost AI and cloud adoption for SMBs, while Oracle, Cleveland Clinic, and G42 are collaborating on an AI healthcare platform. Faye and Section are working together to enhance AI workforce training, and Muir AI has teamed up with S&P Global Market Intelligence to develop AI-driven cost models. Additionally, Silverside AI is partnering with Vivaldi Group for AI solutions, Optimizely and commercetools are enhancing retail experiences, SAP and Cohere are expanding their AI integration, and DataOps.live is collaborating with Snowflake to advance data engineering capabilities.