Discover the Latest AI Innovations Shaping Startups in May

Five startups secured funding to advance their operations, each utilizing artificial intelligence in distinct sectors. SimpleClosure, based in Los Angeles, raised $15 million to aid startups in closing their businesses efficiently, having helped over 1,500 founders since late 2023. Optimal Dynamics from New York raised $40 million for its AI platform that enhances decision-making for trucking fleets, improving load planning and reducing manual labor. Verdi Expeditions, an agriculture tech startup from Vancouver, obtained $4.7 million to develop smart irrigation systems that boost water efficiency. Fashion tech startup Doji raised $14 million for its app that allows users to create AI avatars for virtual clothing try-ons. Lastly, Veesion, a Paris-based security startup, secured $43 million to expand its AI software that detects suspicious behavior in retail, with plans for growth in the U.S. market.

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