RSM's $1B AI Investment, KDAN's LynxPDF Launch, and Newtide's Retail AI Platform - Enterprise AI Brief #21

Hi there,

Welcome to this edition of the Enterprise AI Brief, where we bring you the latest developments in the world of artificial intelligence and its impact on enterprises. This week, KDAN has launched LynxPDF, a new tool aimed at enhancing PDF management capabilities for businesses. Meanwhile, Newtide has introduced an AI platform specifically designed for the retail industry, promising to revolutionize how retailers manage their operations.

In other news, RSM is making a significant investment of $1 billion to enhance AI-driven workflow solutions, and ai.work has secured $10 million to automate enterprise workflows. Additionally, PITT OHIO and Vaital have collaborated to launch an AI-powered email system tailored for the freight industry. Stay tuned as we delve into these stories and more, exploring how AI continues to shape the future of business.

KDAN has launched LynxPDF, an AI-driven PDF management solution with self-hosted security features. Newtide introduced RisingTide, an AI platform for the retail sector. RSM plans a $1 billion AI investment for workflow enhancement. ai.work secured $10 million to automate enterprise workflows. Ascendion and Philtech Inc. opened a Global Capability Center in Cebu for Albertsons Companies. PITT OHIO and Vaital launched N@TE, an AI email system for freight. Thunder, Inc announced Thunder Federal for government AI solutions. Automation Anywhere reported strong Q1 growth. Blockticity launched an Avalanche-powered network for trade authentication.

Bessemer Venture Partners has appointed Pankaj Mitra to lead AI and cybersecurity investments, leveraging his extensive experience from Cisco. Tecnotree has signed a $19.58 million deal to implement an AI-native BSS in the UK and Europe. One Point One Solutions Ltd. acquired a majority stake in TECHSCIENT.AI PRIVATE LIMITED to boost AI-driven business process management. Altura raised €8 million to enhance its AI bid management platform. Fleetworthy acquired Haul to improve AI fleet compliance solutions. Glean reached a $7.2 billion valuation after a $150 million funding round. Ciklum acquired GoSolve Group to strengthen its AI and engineering capabilities in the U.S.

Domyn, formerly iGenius, has rebranded to emphasize Responsible AI in sectors like government and finance. DataArt is investing $100 million to boost its AI and data services. The UK regulator Ofcom has announced an AI strategy for telecoms and digital safety. AlphaSense ranks eighth on the CNBC Disruptor 50 list and launches an AI agent for research automation. OpenAI introduces the o3-pro model for enhanced performance in various fields. Zip launches 50 AI agents for task automation across multiple sectors. AWS advances its $50 million Generative AI Initiative for the public sector. Databricks unveils a Free Edition and commits $100 million to global education in data and AI. Hitachi launches the EverFlex AI Data Hub as a Service. The NHS Confederation and Beamtree introduce an AI platform to improve patient outcomes. Qualcomm opens an AI R&D centre in Vietnam. Equifax secures 35 new patents in AI and fraud solutions. BNP Paribas introduces an internal platform for generative AI development.