Startups

Venture Capital Startups

AutogenAI Raises $39.5 Million to Further Develop its AI-Powered Bid and Proposal Writing

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Chris McKay• December 6, 2023 • 2 min read

AutogenAI applies natural language generation technology to help companies streamline the traditionally labor-intensive and complex process of crafting persuasive bids and proposals for contracts, grants, and other new business opportunities.

Venture Capital Startups

Leonardo.Ai Secures $31M to Grow its Generative AI Art Platform

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Chris McKay• December 6, 2023 • 2 min read

The new funding will be instrumental in expanding Leonardo.Ai's sales and marketing teams as it scales its enterprise product. There is also a focus on bolstering the engineering team to drive further innovation.

Venture Capital Startups

EnCharge AI Secures $22.6 Million to Unlock Broader AI Adoption with Novel AI Chips

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Chris McKay• December 5, 2023 • 1 min read

By combining the strengths of analog and digital operation, EnCharge says its full-stack AI solution delivers the horsepower needed to enhance high-value functions across sectors.

xAI Venture Capital Startups

Elon Musk Is Raising $1 Billion for AI Startup xAI

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Chris McKay• December 5, 2023 • 2 min read

As per filings with the Securities and Exchange Commission, xAI has already garnered about $135 million from undisclosed investors.

Venture Capital Startups

Open-Source AI Platform Replicate Raises $40M From a16z to Make Models More Accessible

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Chris McKay• December 5, 2023 • 2 min read

The new capital will focus on tailoring Replicate’s offerings for business users through enterprise tooling like monitoring, security compliance auditing, and hands-on support.

Venture Capital Startups

Asato.ai Secures $7.5M Seed Round to Build AI-Powered Enterprise Copilots

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Chris McKay• December 5, 2023 • 1 min read

Asato's copilot technology combines knowledge graphs and generative AI to give CIOs comprehensive real-time visibility into their organization's complex IT assets and operations.

Mistral Venture Capital Startups

Mistral AI Raises $415 Million at $2 Billion Valuation

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Chris McKay• December 5, 2023 • 2 min read

Andreessen Horowitz is leading the round with participation from other high-profile backers like NVIDIA, Salesforce, General Catalyst, Lightspeed, and Bpifrance.

Venture Capital Startups

Vast Data's Strategic Growth: Securing $9 Billion Valuation Amid AI Boom

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Chris McKay• December 5, 2023 • 1 min read

VAST Data did not necessarily require new funding for operations, as CEO and co-founder Renen Hallack stated the company has largely left previous capital unspent.

Venture Capital Startups

Together AI Raises $102.5M Series A to Scale its Generative AI Platform

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Chris McKay• December 3, 2023 • 3 min read

As AI rapidly moves from research labs into real-world software, Together AI aims to ensure generative models don’t become walled gardens controlled by one or two dominant players.

HeyGen Venture Capital Startups

HeyGen Launches Avatar 2.0 and Announces $5.6 Million in New Funding

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Chris McKay• November 30, 2023 • 2 min read

The new offering allows individuals and businesses to conveniently generate avatars using smartphone footage, rather than rely on professional photos or a prolonged development process.

Venture Capital Startups

Pika Launches Impressive AI-Powered Video Platform, Raises $55M

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Chris McKay• November 28, 2023 • 2 min read

The platform's intuitive design and powerful AI tools enable users to bring their stories to life in ways previously unimaginable.

Venture Capital Startups

Martian Emerges from Stealth with $9M Seed Funding to Bring Model Router Tech to Enterprises

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Chris McKay• November 15, 2023 • 2 min read

Martian says Model Router achieved higher scores than GPT-4 on OpenAI's model evaluation benchmarks by optimizing across multiple models.

Venture Capital Startups

Sunnyside Secures $11.5M in Series A Funding to Reinforce Mindful Drinking Movement

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Chris McKay• November 15, 2023 • 2 min read

Sunnyside takes a unique approach in the alcohol health space by helping people manage their drinking without pressuring them to quit entirely.

Venture Capital Startups

Atlas Emerges from Stealth with $6M Funding to Reshape Game Development and Virtual Worldbuilding

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Chris McKay• November 14, 2023 • 1 min read

Atlas' platform enables developers to produce detailed 3D models from reference images and text, significantly reducing the time and resources typically required for such endeavors.

Venture Capital Startups Biotech & Health

Elucid Secures $80 Million to Drive Adoption of AI-Powered Cardiac Imaging

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Chris McKay• November 10, 2023 • 1 min read

The company says it will leverage the new capital to expand commercialization and clinical research efforts for its suite of cardiac imaging analysis products.

Startups AI Tech

Ghost Autonomy Secures Funding from OpenAI to Advance Autonomous Driving with LLMs

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Chris McKay• November 9, 2023 • 2 min read

The company sees multi-modal LLMs enabling a rethinking of the entire autonomy software stack. Rather than today’s complex array of individual AI tools for perception, planning and control, LLMs could provide a more end-to-end solution.

Startups AI Tech

Sutro Promises App Creation Without Coding in Minutes

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Chris McKay• November 9, 2023 • 2 min read

This could enable anyone with an idea to go from concept to working app without needing to code or assemble complex technical components.

Venture Capital Startups

Tabnine Raises $25M to Advance AI-Powered Coding

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Chris McKay• November 8, 2023 • 1 min read

Tabnine envisions AI maturing from an assistant role to a full platform capable of accelerating the entire software development lifecycle.

Venture Capital Startups

AI-Powered Video Editor Ozone Raises $7 Million, Launches Public Beta

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Chris McKay• November 8, 2023 • 1 min read

Ozone will use the new funding to continue developing its product and expand its workforce.

Venture Capital Startups

IBM Launches $500 Million Fund to Fuel Enterprise AI Innovation

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Chris McKay• November 7, 2023 • 2 min read

The IBM Enterprise AI Venture Fund will target investments in companies at various stages, from early-stage startups to more mature "hyper-growth" AI firms. The goal is to accelerate advancement and adoption of AI across industries.

Venture Capital Startups

Replit Raises $20 Million From Craft Ventures to Provide Liquidity for Employees

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Chris McKay• November 6, 2023 • 1 min read

This new capital will empower a tender offer for current and former Replit team members to provide stock liquidity.

Venture Capital Startups

Aleph Alpha Secures Over $500 Million in Series B Funding for Sovereign AI Expansion

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Chris McKay• November 6, 2023 • 2 min read

The funding aims to accelerate the development and commercialization of the company's explainable and trustworthy generative AI technologies for business-critical applications.

China Venture Capital Startups

Chinese AI Startup 01.AI Reaches Unicorn Status with Open-Source Model Yi-34B

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Chris McKay• November 5, 2023 • 2 min read

The brainchild of renowned computer scientist Kai-Fu Lee, 01.AI aims to develop AI systems tailored for the Chinese market.

Venture Capital Startups Military & Defense

Defense Startup Shield AI Raises $200 Million to Scale Autonomous Tech

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Chris McKay• October 31, 2023 • 2 min read

The funding will be used to scale and deploy Shield AI’s V-BAT Teams product domestically and internationally and accelerate tech integration with third-party uncrewed platforms.