Venture Capital

Venture Capital Startups Quantum Computing

Ephos Raises $8.5M Seed Funding For Glass-Based Quantum Photonic Chip Facility

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Chris McKay• September 23, 2024 • 2 min read

The funding round was led by Starlight Ventures, and saw participation from several prominent investors, including Collaborative Fund, Exor Ventures, 2100 Ventures, and Unruly Capital.

OpenAI Venture Capital Startups

OpenAI's Next Funding Round is Oversubscibed by Billions

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Chris McKay• September 19, 2024 • 1 min read

Thrive Capital is leading the round with a commitment of $1.25 billion. Alongside Thrive, major technology firms Microsoft, NVIDIA, and Apple are in advanced discussions to participate, potentially contributing between $2 billion and $3 billion collectively.

Venture Capital Startups Japan

Sakana AI Expands Series A to $200 Million, Gains Backing from Top Japanese Firms

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Chris McKay• September 17, 2024 • 1 min read

The expanded round now includes investments from Japan's three largest banking groups: Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Banking Corporation (SMBC), and Mizuho Financial Group.

Venture Capital Startups

Supermaven Secures $12M for AI-Powered Code Editor

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Chris McKay• September 16, 2024 • 2 min read

Supermaven's technology boasts a 1-million token context window, enabling it to understand large codebases and provide contextual code completion with low latency.

Venture Capital Startups

11x.ai Secures $24M Series A Funding Led by Benchmark to Expand AI-Driven Workflow Automation

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Chris McKay• September 16, 2024 • 1 min read

The Series A funding will enable 11x.ai to enhance its product development pipeline, scale its team, and strengthen its presence in the United States, where it has recently relocated its headquarters to San Francisco.

Venture Capital Startups

World Labs Emerges from Stealth with $230 Million to Build "Spatial Intelligence" AI

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Chris McKay• September 13, 2024 • 2 min read

World Labs’ approach involves developing large world models that can perceive, generate, and interact with the three-dimensional world.

Venture Capital Startups Enterprise AI

Glean Secures $260M in Series E Funding, Reaches $4.6B Valuation

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Chris McKay• September 10, 2024 • 2 min read

Now with over $550 million in cash reserves and a rapidly growing customer base, Glean plans to use the funds to meet growing market demands and fuel continued innovation.

SSI Venture Capital Startups

Safe Superintelligence Raises $1 Billion, Reaching $5 Billion Valuation in Just Three Months

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Chris McKay• September 4, 2024 • 1 min read

The funding round attracted heavyweight Silicon Valley investors, including Andreessen Horowitz, Sequoia Capital, DST Global, and SV Angel.

Venture Capital Startups Japan

Sakana AI Secures Over $100M in Series A Funding to Advance Nature-Inspired AI

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Chris McKay• September 4, 2024 • 2 min read

In addition to the funding, Sakana AI announced a collaboration with NVIDIA spanning research, infrastructure, and AI community building in Japan.

Venture Capital Startups

You.com Secures $50M to Reshape Enterprise AI Productivity

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Richard Banfield• September 4, 2024 • 2 min read

With its growing suite of AI agents and multiplayer capabilities, You.com is aiming to be the go-to platform for businesses looking to future-proof their operations and harness the power of AI in a rapidly changing world.

OpenAI NVIDIA Apple Venture Capital

NVIDIA and Apple in Talks to Join OpenAI’s Multibillion-Dollar Funding Round

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Chris McKay• August 29, 2024 • 3 min read

The funding round, reportedly led by existing shareholder Thrive Capital, is expected to value OpenAI at over $100 billion, up from its current $86 billion valuation.

Venture Capital Startups

Magic Secures $320M Funding, Partners with Google Cloud for AI Supercomputers

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Chris McKay• August 29, 2024 • 2 min read

The company also announced a significant partnership with Google Cloud to construct two AI supercomputers.

Venture Capital Startups

Codeium Raises $150 Million in Series C Round, Hits $1.25 Billion Valuation

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Richard Banfield• August 29, 2024 • 2 min read

A key differentiator for Codeium is its Cortex engine, an advanced AI-powered reasoning system that significantly enhances the platform’s ability to manage and solve complex coding tasks.

Venture Capital Startups

Anysphere Raises $60M For AI-Powered Coding Tool, Cursor

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Chris McKay• August 23, 2024 • 2 min read

This latest funding brings Anysphere’s total raise to over $71 million, following an $8 million seed round last September led by OpenAI.

Venture Capital

AI Venture Firm Radical Ventures Raises $800 Million for Late-Stage Investments

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Chris McKay• August 16, 2024 • 2 min read

The new fund will boost Radical Ventures' assets under management to approximately $1.8 billion, allowing the firm to lead larger investment rounds in more established AI companies.

Venture Capital Startups

CodeRabbit Secures $16M in Series A Funding, Expands AI-Powered Code Review Capabilities

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Chris McKay• August 15, 2024 • 1 min read

CodeRabbit's AI-driven tool integrates with GitHub and GitLab, providing automated code reviews within minutes. The company claims its approach is more accurate and efficient than traditional static analysis tools or manual peer reviews.

Startups Venture Capital

Cosine Unveils "World's Best AI Software Engineer," Secures $2.5M Funding

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Chris McKay• August 12, 2024 • 2 min read

Genie’s performance on SWE-Bench not only surpasses all existing AI models but also represents a 57% improvement over the previous top score, positioning it as a revolutionary tool in AI-assisted software development.

Venture Capital Startups

Hedra Raises $10 Million Seed Funding for AI Video Creation Platform

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Richard Banfield• August 1, 2024 • 2 min read

Hedra's first offering is Character-1, which they are touting as the fastest video foundation model on the market.

Venture Capital Startups

Sybill Raises $14M Series A for AI Assistant for Sales

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Chris McKay• July 30, 2024 • 1 min read

Instead of just analyzing one call or email, Sybill says its AI considers everything throughout a deal. The idea is to give more accurate, context-aware insights.

Venture Capital Startups

Swiss AI Security Startup Lakera Secures $20M in Series A Funding

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Chris McKay• July 24, 2024 • 2 min read

The company's technology aims to protect against various AI-specific threats, including prompt attacks, AI "sleeper agents," and AI-targeted worms.

Venture Capital Startups

AI Legal Assistant Harvey Raises $100M, Hits $1.5B Valuation

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Chris McKay• July 23, 2024 • 2 min read

This cash infusion brings Harvey's total funding to $206 million, cementing its unicorn status just two years after launch.

Cohere Venture Capital Startups

AI Startup Cohere Raises $500 Million at $5.5 Billion Valuation

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Chris McKay• July 22, 2024 • 2 min read

This fresh capital more than doubles Cohere's valuation from last year and brings its total funding to $970 million.

Anthropic Venture Capital Startups

Anthropic and Menlo Ventures Launch $100M AI Startup Fund

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Chris McKay• July 17, 2024 • 2 min read

Participants will receive access to Anthropic's advanced AI models, including $25,000 in free credits, as well as Menlo's venture support and vast network of industry connections.

Venture Capital Startups

Israeli AI Medical Firm CytoReason Secures $80M in Funding from NVIDIA, Pfizer, Thermo Fisher, and OurCrowd

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Chris McKay• July 17, 2024 • 1 min read

CytoReason plans to use the new funds to expand its disease modeling capabilities, grow its data assets, and open a U.S. office in Cambridge, Massachusetts.