AI Has an Energy Problem, Exowatt Plans to Solve It
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.
Startups
A collection of 338 posts
Mentee Robotics Unveils AI-Powered Humanoid Robot for Household and Warehouse Applications
Mentee Robotics describes its creation as an "AI-first" robot, setting it apart from many other players in the space.
Microsoft Invests $1.5 Billion in UAE's G42
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.
Cathie Woods Bets Big on AI, Acquires Stake in OpenAI
In a message to investors: As of April 10, 2024, the Ark Venture Fund invests in OpenAI, referring to its $54 million VC fund. OpenAI is at the forefront of a Cambrian explosion in artificial intelligence capability.
Patlytics Raises $4.5M Seed Round to Reimagine Patent Workflow with AI
The platform offers end drafts, extensive chart solutions, and incorporates human participation alongside its AI-powered insights and analytics.
Udio is a New AI Music Generation App that Rivals Suno with Powerful Creation Tools
Their app, which was previously only available in closed beta, has already garnered attention from prolific artists and music producers who have provided feedback to enhance the user experience.
Symbolica Raises $31M to Redesign AI with Structured Reasoning
By applying category theory, Symbolica aims to develop models capable of structured reasoning. This means that instead of simply predicting the next word, these models will be able to logically process, organize, and generate information based on a set of rules or structured understanding.
Archetype AI Raises $13M, Emerges from Stealth with Newton, a Foundation Model for Understanding the Physical World
At the core of Archetype AI's Large Behavior Model is a universal embedding space that integrates all sensor data into a single compressed mathematical representation of the physical world, updated in real time.
SiMa.ai Raises Additional $70M to Bring its Multimodal Generative AI Chips to Edge Devices
SiMa.ai's proprietary combination of silicon and software allows the MLSoC to adapt to any framework, network, model, sensor, or modality, making it a versatile platform for edge AI applications.
Higgsfield AI Raises $8M to Bring Personalized AI to Social Media Video Creation
The startup plans to stand out from competitors by focusing on a mobile-first, social-forward go-to-market strategy.
Read AI Raises $21M to Transform Work with Connected AI for Meetings, Email, and Messaging
Read AI was founded in 2021 by David Shim, Robert Williams, and Elliott Waldron and has raised over $32 million to date.
Hailo Raises $120M and Unveils Hailo-10 Accelerator
The Hailo-10 accelerator enables users to run applications like chatbots, copilots, and content generation tools locally on their devices without relying on cloud-based services.
Vizcom Secures $20M Series A to Redefine Industrial Design with AI
The investment will accelerate the company's mission to rethink the way products and objects are designed, and provide designers with an intuitive, AI-driven workflow.
Hume AI Raises $50M Series B, Unveils Empathic Voice Interface
This influx of capital brings the company's valuation to $219 million, signaling strong investor confidence in Hume's innovative approach to AI.
HeyGen Raising $60M at $440M Valuation, Launches HeyGen 5.0
HeyGen's growth story is remarkable, with annualized revenues surging from $1 million to over $20 million in just a year. This trajectory is notable in the generative AI sector, where monetization remains a challenge for many.
Databricks Acquires Lilac AI to Simplify Unstructured Data Evaluation for Generative AI
The acquisition of Lilac AI is the latest in a series of moves by Databricks to strengthen its position in the AI market.
Saudi Arabia Aims to Become World's Largest AI Investor with $40 Billion Fund
The Saudi fund's representatives have been in talks with Andreessen Horowitz, whose co-founder Ben Horowitz shares a friendship with the fund's governor, to discuss the potential role the firm could play and the operational aspects of such a fund.
Physical Intelligence Raises $70M to Build AI-Powered Robots for Any Application
Pi differentiates itself by aiming to create software that can be applied across a wide range of robotics hardware.
Tavus Raises $18M to Advance Generative AI Video Platform and Launch Developer APIs
The Tavus platform allows users to record a single video and, with just a few clicks, generate thousands of personalized versions tailored to each member of their audience.
New AI Startup Cognition Raises $21M, Unveils Autonomous Coding Assistant 'Devin'
Devin can perform tasks such as learning unfamiliar technologies, building and deploying apps end-to-end, autonomously finding and fixing bugs in codebases, and even training and fine-tuning its own AI models.
Applied Intuition Secures $250 Million in Series E Funding, Reaches $6 Billion Valuation
The company serves customers worldwide, including 18 of the top 20 automotive OEMs, and is poised to make significant investments in generative AI to unlock substantial value for its customers and partners.
Alibaba Leads $600 Million Funding Round for Chinese AI Firm MiniMax
If confirmed, the MiniMax deal would mark Alibaba's second major AI investment this year, following its lead role in a $1 billion funding round for Beijing-based Moonshot AI in February.
Ideogram Raises $80 Million Series A for its AI Image Generation Tech
The round was led by Andreessen Horowitz, with participation from Index Ventures, Redpoint Ventures, Pear VC, and SV Angel.
Photoroom Secures $43M, Launches Next-Gen AI Photo Editor for Businesses
The new features are designed to help small businesses create professional-quality product images, offering more creative control and flexibility.