Afternoon Coffee: Scout RFP Raises $15.5 Million in Series B Round, Making AI Work for the Greater Good

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E-sourcing provider Scout RFP announced Wednesday it had raised $15.5 million in financing, completing a Series B round led by Menlo Ventures, according to a press release. The company said it would use the funding to “expand engineering, extend its reach to serve global customer demands, and accelerate the innovation of its sourcing platform.”

AI for All 

As artificial intelligence begins to seep into our daily lives in the form of self-driving vehicles and voice-controlled devices, those at the forefront of the technology are starting to wonder how these advances could apply to the 3 billion people globally who live in poverty, Nature writes. A meeting of United Nations agencies, AI experts, policymakers and industrialists in Geneva this week will tackle that question and inform efforts to alleviate problems such as poverty, malnutrition and inequality.

Shortlist Funding

Freelancer management company Shortlist received a boost Tuesday with a $1.5 million seed round investors including from Impulse VC, FundersClub, Alchemist Accelerators, TechCrunch reports. The founders told TechCrunch the company plans to use the new funding “to continue to work on its product and especially to improve its payouts and payments product.”

Industrial Real Estate

And finally, an economic update: Development of industrial space in the U.S. is at a 10-year high, the Wall Street Journal reports, with rents reaching record highs and vacancies at a 17-year low.

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