Venture Capital

The new capital will support Modular's mission to provide next-generation AI infrastructure and tools to empower developers.

This impressive group of backers signals broad interest in Hugging Face's platform that allows AI developers and researchers to collaboratively build, test and deploy AI models.

The oversubscribed funding round comes on the heels of ZeroEyes achieving over 300% year-over- growth.

The oversubscribed round was co-led by an undisclosed U.S. life sciences investor and returning lead investor Andreessen Horowitz.

The company will use the new funds to accelerate growth and manufacturing in preparation for FDA clearance and product launch.

The demand for conversational AI agents like chatbots has skyrocketed in recent months, especially after the launch and success of OpenAI's ChatGPT.

By working together, the companies will combine SKT’s deep experience in telecommunications with Anthropic’s state-of-the-art AI technology including its AI model Claude. The industry model will be customized to best meet the needs of telcos.

With the new capital, Weights & Biases plans to expand its "W&B Prompts" product line which helps developers quickly build AI-powered solutions using large language models like ChatGPT.

The platform leverages publicly available data, enriched by AI and machine learning, to illuminate business activities that may be concealing unreported revenue.

Both companies are also active participants in Tenstorrent's operations, adding a layer of strategic alignment and deeper involvement that transcends the traditional investor-company relationship.

The company's mission is to democratize the process of content creation, enabling individuals across the globe to produce studio-quality videos effortlessly.

The company has seen its revenue run rate surge to around $30 million to $50 million, more than tripling from the start of the year.