Startups - Maginative (Page 2)

Mistral AI Secures $640M in Series B Funding with a $6B Valuation

Chris McKay• June 11, 2024 • 2 min read

The Series B round attracted a diverse array of investors, including Lightspeed Venture Partners, Andreessen Horowitz, NVIDIA, Samsung Venture Investment Corporation, Salesforce Ventures, and many others.

Venture Capital Startups

Greptile Raises $4.1M to Create an AI Expert for your Codebase

Chris McKay• June 6, 2024 • 3 min read

Instead of just generating code, Greptile built an AI that helps developers understand the codebase itself.

xAI Venture Capital Startups

Elon Musk's xAI Secures $6B in Series B Funding, Valuing the Company at $24B

Chris McKay• May 27, 2024 • 1 min read

The fresh capital will help xAI bring its first products to market, build advanced infrastructure, and accelerate research and development for future technologies.

Startups Media & Entertainment

Autodesk Acquires AI VFX Startup, Wonder Dynamics

Chris McKay• May 21, 2024 • 2 min read

The startup's flagship product, Wonder Studio provides an easy way to integrate 3D characters into live-action scenes. Their technology automates the animation, lighting, and composition of CG characters, eliminating the need for motion capture and complex 3D software.

Venture Capital Startups Media & Entertainment

Suno Raises $125M to Scale it's AI-Generated Music Platform

Richard Banfield• May 21, 2024 • 1 min read

Suno's innovative technology allows users to generate full songs from simple text prompts.

Startups

Wondercraft's New Parrot Mode Gives Creators Control over AI-Generated Audio Production

Chris McKay• May 20, 2024 • 2 min read

With Parrot Mode, creators can now dictate the exact pacing, tone, and emotion of their desired audio output. By recording a clip of their own voice, creators can guide the AI to replicate their unique style and creative vision.

Mistral Venture Capital Startups

Mistral AI Valuation Skyrockets to $6 Billion

Chris McKay• May 9, 2024 • 3 min read

According to sources, Mistral AI is on the verge of securing $600 million in funding from investors, including prominent venture capital firms General Catalyst and Lightspeed Venture Partners.

Startups

Freepik Scoops Up AI Image Upscaler Magnific

Chris McKay• May 7, 2024 • 2 min read

The acquisition is a strategic move for Freepik, as it seeks to bolster its AI capabilities and expand its global reach.

Venture Capital Startups

Espresso AI Raises $11M to Cut Cloud Costs with Generative AI

Richard Banfield• May 7, 2024 • 2 min read

By using AI to analyze and optimize SQL queries, Espresso claims to reduce cloud compute costs by up to 80%.

Venture Capital Startups

Neurable Secures $13M to Bring Brain-Computer Interface Technology to Everyday Products

Richard Banfield• May 7, 2024 • 2 min read

With this new investment, the company plans to expand their platform and licensing business, making their unique, non-invasive BCI technology accessible to a wide range of consumer products

Venture Capital Startups Auto

Wayve Raises Over $1 Billion to Bring Embodied AI to Autonomous Driving

Chris McKay• May 7, 2024 • 2 min read

The funding will enable Wayve to fully develop and launch their first Embodied AI products in partnership with automakers and fleet operators.

Venture Capital Startups

Lamini Secures $25 Million Funding to Bring Enterprise AI In-House

Richard Banfield• May 2, 2024 • 2 min read

With this funding, Lamini aims to provide enterprises with the tools to develop their own AI solutions, tailored to their specific needs.

Venture Capital Startups AI Infrastructure

CoreWeave's Valuation Skyrockets to $19 Billion in Latest Funding Round

Chris McKay• May 1, 2024 • 2 min read

The $1.1 billion investment comes just five months after a previous round that valued the seven-year-old company at $7 billion.

Venture Capital Startups

Cognition AI Raises $175M at $2B Valuation, One Month After Series A

Chris McKay• April 25, 2024 • 2 min read

Cognition AI's rapid ascent in valuation is not an isolated case. The company joins a growing list of AI startups attracting massive investments despite generating little to no revenue.

Venture Capital Startups Cybersecurity

Dropzone AI Raises $16.85M to Empower SOCs with Autonomous AI Investigations

Chris McKay• April 25, 2024 • 2 min read

The company's AI SOC analysts are designed to replicate the techniques of elite human analysts, reducing manual analysis by up to 90%.

Venture Capital Startups

Augment Emerges from Stealth with $252M to Supercharge Software Development with AI

Richard Banfield• April 24, 2024 • 1 min read

The funding will be used to accelerate product development and build out its product, engineering, and go-to-market functions as it prepares for rapid growth.

Venture Capital Startups

Parloa Secures $66M Series B to Scale AI-Powered Customer Service

Richard Banfield• April 24, 2024 • 2 min read

The company's solution enables organizations to deliver personalized, dynamic, and human-like experiences to customers while reducing wait times and automating routine tasks for employees.

Venture Capital Startups

FlexAI Launches with $30M in Funding to Simplify AI Compute Infrastructure

Chris McKay• April 24, 2024 • 2 min read

FlexAI's universal AI compute platform will enable developers to utilize multiple hardware configurations without the hassle of manual code changes.

NVIDIA Startups

NVIDIA to Acquire GPU Orchestration Software Provider Run:ai

Richard Banfield• April 24, 2024 • 2 min read

The company's platform simplifies the management and optimization of AI hardware infrastructure, enabling efficient use of computing resources across shared accelerated computing infrastructure.

Venture Capital Startups

Perplexity Raises $62.7M, Unveils Enterprise Pro, and Partners with SoftBank and Deutsche Telekom

Richard Banfield• April 23, 2024 • 2 min read

Enterprise Pro boasts enhanced features such as increased data privacy, user management, SOC2 certification, and single sign-on (SSO) integration.

Venture Capital Startups

AI Has an Energy Problem, Exowatt Plans to Solve It

Chris McKay• April 22, 2024 • 2 min read

Exowatt, a next-generation renewable energy company, has emerged from stealth with a novel solution to tackle the escalating energy demands of AI and data centers.

Robotics Startups

Mentee Robotics Unveils AI-Powered Humanoid Robot for Household and Warehouse Applications

Chris McKay• April 17, 2024 • 2 min read

Mentee Robotics describes its creation as an "AI-first" robot, setting it apart from many other players in the space.

Microsoft Startups

Microsoft Invests $1.5 Billion in UAE's G42

Chris McKay• April 16, 2024 • 2 min read

The deal is backed by an unprecedented Intergovernmental Assurance Agreement, ensuring the secure and responsible deployment of AI in close coordination with the UAE and U.S. governments.