Startups - Maginative (Page 13)

Chinese Tech Giants Bet Big on AI Startup Zhipu in Heated Race With the US

Chris McKay• October 20, 2023 • 2 min read

The substantial funding from Chinese tech stalwarts reflects their eagerness to cultivate domestic alternatives at a time when advanced US AI firms are increasingly out of reach.

OpenAI Venture Capital Startups

Thrive Capital to Lead Purchase of OpenAI Tender Offer at $80 Billion Valuation

Chris McKay• October 19, 2023 • 2 min read

While the buzz around OpenAI's employee tender has already made rounds, Thrive Capital's role has remained under wraps until now.

Venture Capital Startups

Darwinium Raises $18M to Advance AI Fraud Prevention and Digital Security

Chris McKay• October 19, 2023 • 3 min read

With this investment, bringing their total funding to $26 million, Darwinium plans to expedite the global adoption of its edge-based solution.

Venture Capital Startups

Objective Raises $13 Million to Bring AI-Powered Search to Websites and Apps

Chris McKay• October 19, 2023 • 2 min read

Their Objective Search platform uses deep learning models to enable more natural queries and connect user intent with relevant results.

Venture Capital Startups

Reality Defender Raises $15M to Detect AI-Generated Content

Chris McKay• October 17, 2023 • 2 min read

The round was led by DCVC, with participation from Comcast Ventures, Ex/ante, and Parameter Ventures.

China Venture Capital Startups

Chinese AI Startup Baichuan Joins Unicorn Club with $300 Million Funding from Alibaba, Tencent and Xiaomi

Chris McKay• October 17, 2023 • 2 min read

The fresh influx of capital sets a new record for the fastest rise to unicorn status among Chinese startups.

Google AI Safety Startups

Google Announces AI for Cybersecurity Growth Academy

Chris McKay• October 16, 2023 • 2 min read

The program aims to help startups applying AI to cybersecurity challenges to boost their customer base, generate more revenue, and expand internationally.

Venture Capital Startups

AI Security Startup Lakera Raises $10M to Protect Enterprise AI Applications

Chris McKay• October 13, 2023 • 2 min read

Lakera provides developers with AI-powered threat intelligence to embed security into the development process.

Venture Capital Startups

Relay Launches to Take on Zapier with AI-Powered Workflow Automation

Chris McKay• October 11, 2023 • 3 min read

The ambitious startup claims to "go beyond triggers and actions" by incorporating AI assistance, human collaboration, and role-based permissions.

Venture Capital Startups

Anysphere Raises $8M to Build Cursor, an AI-Powered IDE

Chris McKay• October 11, 2023 • 2 min read

The round was led by OpenAI's Startup Fund, with participation from GitHub former CEO Nat Friedman, Dropbox co-founder Arash Ferdowsi, and other angel investors.

Venture Capital Startups

Modal Announces General Availability and Secures $16M in Series A Funding

Chris McKay• October 10, 2023 • 2 min read

Modal provides a cloud function platform that allows data teams to easily run Python code in the cloud without infrastructure configuration. Users can deploy autoscaling inference endpoints, run large batch jobs, and convert functions into web endpoints or cron jobs all from Python.

Venture Capital Startups Education

Class Companion Secures $4M to Put AI to Work for Teachers and Students

Chris McKay• October 9, 2023 • 2 min read

Teachers can craft assignments, and as students submit their work, the AI provides feedback, offers hints, suggestions for revision, and acknowledges progress.

Venture Capital Startups

Move AI Raises $10 Million in Seed Funding to Make 3D Animation More Accessible

Chris McKay• October 6, 2023 • 2 min read

The round was led by Play Ventures and included participation from Warner Music Group, RKKVC, Level2 Ventures, and Animoca Brands.

Venture Capital Startups

Vayu Robotics Emerges from Stealth with $12.7M in Seed Funding for Accessible, Sustainable Robotics

Chris McKay• October 3, 2023 • 2 min read

Two technologies underscore Vayu's approach: a foundational model for mobility and a potentially game-changing, low-cost sensing technology.

Venture Capital Startups

Unitary Raises $15M in Series A to Scale AI Video Classification Tech

Chris McKay• October 3, 2023 • 1 min read

The company aims to ethically enhance visual content experiences online through advanced AI that proactively moderates harmful material.

Fintech Venture Capital Startups

Visa Bets Big on Generative AI with $100M Fund

Chris McKay• October 2, 2023 • 1 min read

Dubbed the GenAI fund, Visa aims to identify and nurture early-stage startups that are leveraging technology like large language models to create applications that could reshape finance and commerce.

Venture Capital Startups

AI Clearing Raises $14M Series A for Construction Progress Monitoring

Chris McKay• October 2, 2023 • 2 min read

The company's prime offering, AI Clearing Core is an advanced digital field construction progress tracker that autonomously monitors sites in real time, flagging discrepancies.

Sales AI Tech Startups

Glyphic Partners with Crunchbase to Enhance AI Sales Assistant with Business Intelligence

Chris McKay• September 29, 2023 • 2 min read

With access to Crunchbase's firmographic and financial data, Glyphic expects its AI assistant will now automate much of the manual research burdening sales teams today.

Venture Capital Startups

Jasper Appoints New CEO and Cuts Internal Valuation as AI Growth Slows

Chris McKay• September 29, 2023 • 2 min read

Jasper's new per-share value suggests its total valuation may now be approximately $1.2 billion - a noticeable decline as valuations for other AI startups continue rising.

Venture Capital Startups

AlphaSense Secures $150M in Series E Funding to Advance AI-Powered Market Intelligence

Chris McKay• September 28, 2023 • 2 min read

This increases AlphaSense’s valuation to a lofty $2.5 billion and further cements its position as a leader in the market intelligence sector.

Venture Capital Startups

Meeno Raises $5 Million to use AI to Fight the Loneliness Epidemic

Chris McKay• September 27, 2023 • 2 min read

Meeno goes beyond being a chatbot or virtual companion. It aims to understand a user's unique situation and relationships to offer tailored guidance on friendship, family, dating, and work connections.

Venture Capital Startups

Kneron Secures Additional $49M, Series B Funding Reaches $97M

Chris McKay• September 26, 2023 • 2 min read

The new funding will be used to advance AI innovations for autonomous driving, including using transformers to improve image recognition accuracy by over 30%.

Venture Capital Startups

AI Data Startup Secoda Raises $14M in Series A Funding

Chris McKay• September 21, 2023 • 2 min read

The new capital will help Secoda accelerate product development and expand its team. Specifically, it plans to double down on generative AI capabilities that can deliver insights from data in a more automated, consolidated way.