Startups

Venture Capital Startups

Ex-OpenAI Researcher Launches WaveForms AI with $40M Seed Funding from a16z

Chris McKay• December 9, 2024 • 2 min read

The company plans to develop its own foundation models, focusing on creating smaller, more efficient systems that could potentially offer cost and speed advantages over existing solutions.

Venture Capital Startups AI Infrastructure

UK AI Infrastructure Firm Nscale Raises $155M to Expand across Europe and North America

Chris McKay• December 9, 2024 • 2 min read

Nscale’s new funding signals growing investor appetite for AI compute and accelerates its plans to deliver massive GPU clusters and a public cloud.

xAI Venture Capital Startups

Elon Musk’s xAI Secures Another $6 Billion

Chris McKay• December 5, 2024 • 2 min read

The $6 billion raise involved 97 investors, with a minimum stake of $77,593.

Venture Capital Startups

Cake Emerges from Stealth with $13 Million to Simplify AI for Mid-Sized Businesses

Chris McKay• December 4, 2024 • 2 min read

New York-based Cake is launching with $13 million in backing from Google's Gradient Ventures to help mid-sized businesses adopt AI by managing their open-source infrastructure.

Venture Capital Startups Chips AI Infrastructure

Tenstorrent Secures $693M to Challenge NVIDIA's AI Chip Dominance

Chris McKay• December 2, 2024 • 2 min read

AI chip startup Tenstorrent has raised $693 million in Series D funding, positioning itself as a potential challenger to NVIDIA in the competitive AI hardware market. The round, which values the company at $2.6 billion, drew investment from notable backers including Samsung Securities, Amazon founder Jeff Bezos, and Hyundai

Venture Capital Startups

Nebius Secures $700M Investment Led by NVIDIA and Accel to Scale AI Infrastructure

Chris McKay• December 2, 2024 • 3 min read

The company's approach combines building custom data centers with co-location facilities, allowing for flexible expansion in key markets.

Venture Capital Startups Chips

Ubitium Promises Universal Chip to Replace Specialized Processors, Raises $3.7M

Chris McKay• November 21, 2024 • 2 min read

If successful, Ubitium's technology could eliminate the need for separate CPUs, GPUs, and other specialized chips, significantly reducing costs and complexity in everything from embedded systems to high-performance computing.

Venture Capital Startups Biotech & Health

New Lantern Launches with $19M in Series A Funding, Unveils AI-Powered Radiology Assistant

Chris McKay• November 21, 2024 • 2 min read

The startup combines two essential tools radiologists use daily – medical image viewing and reporting software – into a single cloud-based platform enhanced by AI.

Venture Capital Startups

Tessl Raises $125M to Build AI Native Software Development Platform

Chris McKay• November 14, 2024 • 2 min read

Developers express their vision in natural language, while AI handles the complex implementation, maintenance, and improvements.

Venture Capital Startups

Tourlane Raises $26M Series D Led by Sequoia for AI-Powered Travel Planning

Chris McKay• November 14, 2024 • 1 min read

Tourlane combines AI technology with human travel experts to create custom multi-stop journeys. The platform helps you plan complete trips, bundling flights, accommodations, and activities.

Healthcare Startups

AI Healthcare Startup Forward Shuts Down

Chris McKay• November 13, 2024 • 2 min read

Forward aimed to transform the healthcare industry by offering tech-heavy, subscription-based services through staffed clinics and sleek CarePod kiosks deployed in public spaces like malls and gyms.