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Venture Capital

A collection of 312 posts

Medeloop Secures $8M to Pioneer AI-Powered Health Research

Venture Capital Startups Biotech & Health

Medeloop Secures $8M to Pioneer AI-Powered Health Research

Chris McKay• September 21, 2023 • 2 min read

The platform aims to merge artificial intelligence with healthcare data, offering research professionals an integrated suite of tools that could radically reduce the timeline for medical discovery.

Corti Secures $60M in Series B Funding to Fuel Healthcare AI Innovation

Venture Capital Startups Healthcare

Corti Secures $60M in Series B Funding to Fuel Healthcare AI Innovation

Chris McKay• September 20, 2023 • 1 min read

The new capital will support Corti's rapid growth and continued innovation in conversational AI for healthcare and emergency response.

Pryon Closes $100M Series B to Accelerate Enterprise AI Platform for Knowledge Management

Venture Capital Startups

Pryon Closes $100M Series B to Accelerate Enterprise AI Platform for Knowledge Management

Chris McKay• September 19, 2023 • 2 min read

What sets Pryon apart is its ability to allow users to query their organizations’ unstructured data securely, offering either extractive or summary-based results based on operational needs.

Darrow Raises $35M for AI-Driven Legal Discovery of Class Action Lawsuits

Venture Capital Startups

Darrow Raises $35M for AI-Driven Legal Discovery of Class Action Lawsuits

Chris McKay• September 19, 2023 • 2 min read

Darrow's innovation lies in its data engine, which sifts through public documents to identify potential class action lawsuits.

HiddenLayer Raises $50M in Series A to Safeguard AI Models

Venture Capital Startups AI Safety

HiddenLayer Raises $50M in Series A to Safeguard AI Models

Chris McKay• September 19, 2023 • 2 min read

The round marks the largest early stage raise this year for an AI security company, was led by Microsoft’s venture fund M12 and Moore Strategic Ventures.

Writer Secures $100 Million in Series B to Scale Enterprise-Focused Generative AI

Venture Capital Startups

Writer Secures $100 Million in Series B to Scale Enterprise-Focused Generative AI

Chris McKay• September 18, 2023 • 2 min read

Writer enables companies to build custom AI applications and virtual assistants rapidly by providing the models, knowledge graph, interfaces and governance required.

Generate:Biomedicines Closes $273 Million Series C to Advance AI-Powered Drug Pipeline

Venture Capital Biotech & Health

Generate:Biomedicines Closes $273 Million Series C to Advance AI-Powered Drug Pipeline

Chris McKay• September 14, 2023 • 2 min read

Funding will advance pipeline of 17 existing programs and approximately 10 new starts annually.

Helsing Becomes Europe's Largest AI Defense Unicorn with $223 Million Funding Round

Venture Capital Startups Military & Defense

Helsing Becomes Europe's Largest AI Defense Unicorn with $223 Million Funding Round

Chris McKay• September 14, 2023 • 2 min read

The deal values Helsing at $1.8 billion post-money, making it the largest European AI defense technology startup.

Series AI Launches with $7.9M in Seed Funding to Revolutionize Game Development with AI

Venture Capital Startups Media & Entertainment

Series AI Launches with $7.9M in Seed Funding to Revolutionize Game Development with AI

Chris McKay• September 14, 2023 • 2 min read

The Series AI platform integrates powerful generative AI models within a user-friendly game editor, effectively reducing the friction and time involved in traditional game development.

LastMile AI Receives $10 Million in Seed Funding to Simplify AI Application Development

Venture Capital Startups

LastMile AI Receives $10 Million in Seed Funding to Simplify AI Application Development

Chris McKay• September 14, 2023 • 2 min read

The startup aims to provide a unified platform that makes generative AI more accessible to software engineers and product teams beyond just AI researchers.

Patronus AI Launches with $3M Seed Funding to Boost Enterprise Confidence in AI

Venture Capital Startups

Patronus AI Launches with $3M Seed Funding to Boost Enterprise Confidence in AI

Chris McKay• September 14, 2023 • 2 min read

Patronus AI's platform provides an automated evaluation and security layer for LLMs with scoring, test generation, and benchmarking to proactively detect potential model mistakes.

Databricks Secures $500M in Funding at $43B Valuation, Eyes Growth in Lakehouse and Generative AI

Databricks Venture Capital

Databricks Secures $500M in Funding at $43B Valuation, Eyes Growth in Lakehouse and Generative AI

Chris McKay• September 14, 2023 • 2 min read

Led by T. Rowe Price Associates, the funding comes on the heels of a milestone second quarter for Databricks and establishes the price per share at $73.50.

Enfabrica Raises $125M to Advance Production of AI Infrastructure Chips

Venture Capital Startups AI Tech

Enfabrica Raises $125M to Advance Production of AI Infrastructure Chips

Chris McKay• September 12, 2023 • 2 min read

This substantial influx of capital is earmarked for accelerating the production of Enfabrica's groundbreaking Accelerated Compute Fabric Switch (ACF-S) devices and solutions.

Mathpresso Secures $8 Million Investment from KT to Develop Education-Focused AI

Venture Capital Startups

Mathpresso Secures $8 Million Investment from KT to Develop Education-Focused AI

Chris McKay• September 11, 2023 • 2 min read

With the new funding, Mathpresso aims to accelerate the development of a large language model specifically optimized for education.

Ello Raises $15 Million to Teach Children to Read Using AI

Venture Capital Startups Education

Ello Raises $15 Million to Teach Children to Read Using AI

Chris McKay• September 8, 2023 • 2 min read

The startup aims to make quality one-on-one literacy instruction accessible to any child, regardless of economic or environmental challenges.

Imbue Raises $200 Million to Build Reasoning Models and Autonomous Agents

Venture Capital Startups AI Tech NVIDIA

Imbue Raises $200 Million to Build Reasoning Models and Autonomous Agents

Chris McKay• September 7, 2023 • 3 min read

This latest funding round values Imbue at over $1 billion, making it one of the very few woman-led AI unicorns.

Inceptive Raises $100 Million to Design New Vaccines and Therapies with AI

Venture Capital Biotech & Health

Inceptive Raises $100 Million to Design New Vaccines and Therapies with AI

Chris McKay• September 7, 2023 • 2 min read

Investors are betting big on startups like Inceptive that are merging biotech and AI. This funding round triples Inceptive's valuation to over $300 million since it's $20M seed round in 2021.

Automation Startup Automat Raises $3.75 Million to Streamline Workflow Automation

Venture Capital Startups

Automation Startup Automat Raises $3.75 Million to Streamline Workflow Automation

Chris McKay• September 6, 2023 • 2 min read

The company claims it is 10X faster and 1/10th the price of traditional automation software.

Story Protocol Launches to Build Web3 Infrastructure for Creative IP

Venture Capital Startups

Story Protocol Launches to Build Web3 Infrastructure for Creative IP

Chris McKay• September 6, 2023 • 2 min read

The company wants to make it easy to track the origin and evolution of creative IP as it spreads across the internet.

Harmonya Raises $20 Million to Transform Retail and CPG with AI-Powered Product Data

Retail Venture Capital

Harmonya Raises $20 Million to Transform Retail and CPG with AI-Powered Product Data

Chris McKay• September 5, 2023 • 1 min read

The new capital will allow them to further develop their proprietary generative AI technology, expand their suite of analytics tools, and scale their go-to-market operations.

Mujin Raises $85M Series C to Enhance Intelligent Robotic Automation Capabilities

Robotics Venture Capital

Mujin Raises $85M Series C to Enhance Intelligent Robotic Automation Capabilities

Chris McKay• September 5, 2023 • 2 min read

The company intends to drive efficiency and productivity gains through intelligent robotics automation.

Gleen Secures $4.9 Million to Eliminate Hallucination in Generative AI Customer Support

Venture Capital Startups

Gleen Secures $4.9 Million to Eliminate Hallucination in Generative AI Customer Support

Chris McKay• September 5, 2023 • 2 min read

The funding comes on the heels of strong early traction for Gleen's customer service chatbot which it claims to be the "world’s most accurate and capable generative AI for customer success teams."

Speak Raises $16 Million in Series B-2 to Expand Its AI Language Tutor Globally

Venture Capital AI Tech

Speak Raises $16 Million in Series B-2 to Expand Its AI Language Tutor Globally

Chris McKay• August 31, 2023 • 2 min read

Speak's latest funding round doubles the company's valuation in under a year, a testament to its burgeoning success and the confidence investors place in its vision.

Context.ai Secures $3.5M Seed Investment to Bring Analytics to LLM-Powered Apps

Venture Capital

Context.ai Secures $3.5M Seed Investment to Bring Analytics to LLM-Powered Apps

Chris McKay• August 30, 2023 • 3 min read

The startup provides tools to help companies understand user behavior and optimize the performance of AI-enabled products.

AI21 Labs Secures $155M at $1.4 Billion Valuation

AI21 Venture Capital

AI21 Labs Secures $155M at $1.4 Billion Valuation

Chris McKay• August 30, 2023 • 2 min read

It brings AI21's total raised to date to $278 million, and leaves it well-poitioned to be a important player in the generative AI space.