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Spike, a B2B data technology and AI startup, has raised $3.5M in a seed round led by Practica Capital and TheVentureCity. The company will use the funds to develop regulatory-compliant and safe Generative AI products, including expanding support for medical, wearables, and IoT sensor data aggregation. The healthcare industry generates a large amount of data, making it a prime target for AI integration. However, challenges such as regulatory compliance and intense competition for AI engineering talent must be addressed.
