Venture Capital - Maginative (Page 13)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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."

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.

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 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.

Venture Capital AI Tech

Modular Raises $100 Million to Advance AI Infrastructure

Chris McKay• August 24, 2023 • 3 min read

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

Hugging Face Venture Capital

Hugging Face Raises $235M in New Funding from Major Tech Giants Including Google, NVIDIA and Salesforce

Chris McKay• August 24, 2023 • 2 min read

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.

Venture Capital AI Tech

ZeroEyes Secures $23 Million as Demand Surges for AI Gun Detection

Chris McKay• August 24, 2023 • 2 min read

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

Biotech & Health Venture Capital

Genesis Therapeutics Closes $200M Series B to Advance AI-Discovered Drug Pipeline

Chris McKay• August 21, 2023 • 2 min read

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

Healthcare Venture Capital AI Tech

Mendaera Announces $24M Series A and Expansion Into Production Facility

Chris McKay• August 21, 2023 • 2 min read

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

Venture Capital Startups AI Tech

Conversational AI Startup Voiceflow Raises $15M

Chris McKay• August 15, 2023 • 1 min read

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

Anthropic Venture Capital

SK Telecom Invests $100M in Anthropic

Chris McKay• August 14, 2023 • 2 min read

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.

Venture Capital Startups AI Tech

Weights & Biases Raises $50M Led by Nat Friedman and Daniel Gross

Chris McKay• August 9, 2023 • 1 min read

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.

Fintech Startups Venture Capital

IVIX Closes $12.5 Million Series A to Expand AI Tax Evasion Detection Platform

Chris McKay• August 7, 2023 • 2 min read

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

AI Tech Venture Capital

Hyundai and Samsung Back AI Chipmaker Tenstorrent with $100M Investment

Chris McKay• August 3, 2023 • 2 min read

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.

Startups Venture Capital

Captions Raises $25M in Series B to Fuel Expansion of Its AI-Powered Video Creation Platform

Chris McKay• July 22, 2023 • 1 min read

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