Israeli start-up raises $47M for AI that helps grieving individuals
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Empathy, an Israeli start-up, has secured $47 million in funding for its unique AI platform. However, the tool doesn't create videos from text prompts or replace software engineers. Instead, it assists people in coping up with sorrow. The Series B equity round was led by Index Ventures and included participation from several major insurance companies including MassMutual Ventures, MetLife, New York Life, Securian, and Sumitomo. This newly raised capital will be utilized to further develop tools and redefine bereavement care.