Startups

Venture Capital Startups AI Infrastructure

Lightmatter Secures $400M, Valuation Soars to $4.4B as AI Fuels Demand for Photonic Computing

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Chris McKay• October 16, 2024 • 2 min read

The investment, led by T. Rowe Price Associates with participation from existing backers Fidelity Management & Research Company and GV (formerly Google Ventures), brings Lightmatter's total funding to $850 million.

Venture Capital Startups

Fable Secures $25M to Make AI and Digital Products More Accessible

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Chris McKay• October 16, 2024 • 2 min read

While AI has the potential to bridge accessibility gaps, it also risks perpetuating digital exclusion if not developed with inclusivity in mind.

Venture Capital Startups AI Infrastructure

CoreWeave Secures $650 Million Credit Facility to Fuel AI Cloud Expansion

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Chris McKay• October 11, 2024 • 1 min read

The new credit line will help CoreWeave expand its data center portfolio, which already includes 28 locations planned by the end of 2024, with 10 more expected to be added in 2025.

Venture Capital Startups

Numeric Raises $28M to Transform Accounting with AI-Driven Automation

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Chris McKay• October 10, 2024 • 2 min read

This investment, led by Menlo Ventures, comes just five months after the company's $10 million seed round, highlighting rapid growth and investor confidence in Numeric's AI-powered accounting platform.

Venture Capital Startups

Relyance AI Secures $32.1M for AI Governance and Data Privacy

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Chris McKay• October 10, 2024 • 2 min read

The round was led by Thomvest Ventures, with participation from M12 (Microsoft's venture fund), Cheyenne Ventures, and existing investors Menlo Ventures and Unusual Ventures.

Venture Capital Startups

Unify Raises $12M Series A to Transform Revenue Team Operations with AI

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Chris McKay• October 8, 2024 • 1 min read

Founded just 20 months ago, Unify has experienced explosive growth, increasing its annual recurring revenue 39 times year-over-year.

OpenAI Venture Capital Startups

OpenAI Secures Record $6.6 Billion Funding, Valued at $157 Billion

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Chris McKay• October 2, 2024 • 2 min read

Thrive Capital led the round, with participation from tech giants Microsoft and NVIDIA, as well as SoftBank, Khosla Ventures, Altimeter Capital, Fidelity, Tiger Global and MGX (United Arab Emirates' investment firm).

OpenAI Venture Capital Startups

SoftBank Vision Fund to Invest $500 Million Investment in OpenAI

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Chris McKay• September 30, 2024 • 1 min read

SoftBank's participation comes alongside lead investor Thrive Capital, which is contributing over $1 billion. Other participants include Tiger Global Management, Coatue Management, and Microsoft, OpenAI's largest backer.

Venture Capital Startups

Ephos Raises $8.5M Seed Funding For Glass-Based Quantum Photonic Chip Facility

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Chris McKay• September 23, 2024 • 2 min read

The funding round was led by Starlight Ventures, and saw participation from several prominent investors, including Collaborative Fund, Exor Ventures, 2100 Ventures, and Unruly Capital.

OpenAI Venture Capital Startups

OpenAI's Next Funding Round is Oversubscibed by Billions

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Chris McKay• September 19, 2024 • 1 min read

Thrive Capital is leading the round with a commitment of $1.25 billion. Alongside Thrive, major technology firms Microsoft, NVIDIA, and Apple are in advanced discussions to participate, potentially contributing between $2 billion and $3 billion collectively.

Venture Capital Startups Japan

Sakana AI Expands Series A to $200 Million, Gains Backing from Top Japanese Firms

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Chris McKay• September 17, 2024 • 1 min read

The expanded round now includes investments from Japan's three largest banking groups: Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Financial Group.

Venture Capital Startups

Supermaven Secures $12M for AI-Powered Code Editor

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Chris McKay• September 16, 2024 • 2 min read

Supermaven's technology boasts a 1-million token context window, enabling it to understand large codebases and provide contextual code completion with low latency.

Venture Capital Startups

11x.ai Secures $24M Series A Funding Led by Benchmark to Expand AI-Driven Workflow Automation

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Chris McKay• September 16, 2024 • 1 min read

The Series A funding will enable 11x.ai to enhance its product development pipeline, scale its team, and strengthen its presence in the United States, where it has recently relocated its headquarters to San Francisco.

Venture Capital Startups

World Labs Emerges from Stealth with $230 Million to Build "Spatial Intelligence" AI

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Chris McKay• September 13, 2024 • 2 min read

World Labs’ approach involves developing large world models that can perceive, generate, and interact with the three-dimensional world.

Venture Capital Startups Enterprise AI

Glean Secures $260M in Series E Funding, Reaches $4.6B Valuation

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Chris McKay• September 10, 2024 • 2 min read

Now with over $550 million in cash reserves and a rapidly growing customer base, Glean plans to use the funds to meet growing market demands and fuel continued innovation.

SSI Venture Capital Startups

Safe Superintelligence Raises $1 Billion, Reaching $5 Billion Valuation in Just Three Months

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Chris McKay• September 4, 2024 • 1 min read

The funding round attracted heavyweight Silicon Valley investors, including Andreessen Horowitz, Sequoia Capital, DST Global, and SV Angel.

Venture Capital Startups Japan

Sakana AI Secures Over $100M in Series A Funding to Advance Nature-Inspired AI

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Chris McKay• September 4, 2024 • 2 min read

In addition to the funding, Sakana AI announced a collaboration with NVIDIA spanning research, infrastructure, and AI community building in Japan.

Venture Capital Startups

You.com Secures $50M to Reshape Enterprise AI Productivity

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Richard Banfield• September 4, 2024 • 2 min read

With its growing suite of AI agents and multiplayer capabilities, You.com is aiming to be the go-to platform for businesses looking to future-proof their operations and harness the power of AI in a rapidly changing world.

Venture Capital Startups

Magic Secures $320M Funding, Partners with Google Cloud for AI Supercomputers

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Chris McKay• August 29, 2024 • 2 min read

The company also announced a significant partnership with Google Cloud to construct two AI supercomputers.

Venture Capital Startups

Codeium Raises $150 Million in Series C Round, Hits $1.25 Billion Valuation

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Richard Banfield• August 29, 2024 • 2 min read

A key differentiator for Codeium is its Cortex engine, an advanced AI-powered reasoning system that significantly enhances the platform’s ability to manage and solve complex coding tasks.

Venture Capital Startups

Anysphere Raises $60M For AI-Powered Coding Tool, Cursor

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Chris McKay• August 23, 2024 • 2 min read

This latest funding brings Anysphere’s total raise to over $71 million, following an $8 million seed round last September led by OpenAI.

South Korea Chips Startups

South Korean AI Chip Makers Rebellions and Sapeon Finalize Merger

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Chris McKay• August 19, 2024 • 1 min read

The merger will create a company valued at approximately 1.4 trillion won ($1 billion), potentially becoming South Korea's first AI sector "unicorn."

Venture Capital Startups

CodeRabbit Secures $16M in Series A Funding, Expands AI-Powered Code Review Capabilities

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Chris McKay• August 15, 2024 • 1 min read

CodeRabbit's AI-driven tool integrates with GitHub and GitLab, providing automated code reviews within minutes. The company claims its approach is more accurate and efficient than traditional static analysis tools or manual peer reviews.

Startups Venture Capital

Cosine Unveils "World's Best AI Software Engineer," Secures $2.5M Funding

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Chris McKay• August 12, 2024 • 2 min read

Genie’s performance on SWE-Bench not only surpasses all existing AI models but also represents a 57% improvement over the previous top score, positioning it as a revolutionary tool in AI-assisted software development.