Venture Capital

Venture Capital Startups

Quora Lands $75M from a16z to Fuel Expansion of AI Chat Platform Poe

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Chris McKay• January 9, 2024 • 2 min read

Launched nearly a year ago, Poe has rapidly gained traction, amassing millions of users. With this new injection of funds, Quora aims to significantly enhance Poe's capabilities and user base.

Venture Capital Startups

Contents.com Secures $18 Million Series B to Drive AI Content Creation Platform Growth

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Chris McKay• January 8, 2024 • 2 min read

In addition to funding, Contents.com gains strategic advantage through its powerful investors. Sinergia Venture Fund is the lead backer, providing operational support and access to an extensive network across the European tech ecosystem.

Venture Capital Startups Healthcare

Nabla Secures $24 Million in Series B Funding to Accelerate Healthcare Copilot Rollout

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Richard Banfield• January 5, 2024 • 2 min read

Their Copilot platform is integrated with major Electronic Health Records systems like Epic and Nextgen, and already handles over 3 million consultations annually in three languages.

Venture Capital Startups

Perplexity Raises $73 Million Series B Round

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Chris McKay• January 4, 2024 • 2 min read

Launched less than two years ago, Perplexity has already attracted 10 million monthly active users to its AI-powered search engine and handled more than half a billion queries in 2023 alone.

Venture Capital Startups

Robin AI Raises $26M as Legal Sector Embraces AI Copilots

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Richard Banfield• January 3, 2024 • 1 min read

The service has seen 5x year-over-year revenue growth as Fortune 500 brands signed on, including Pepsico, PwC, and Yum Brands.

Venture Capital Startups Military & Defense

Shield AI Secures Additional Series F Funding, Elevating Total to $500M

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Chris McKay• December 29, 2023 • 2 min read

This strategic financial boost underscores the growing interest and confidence in the transformative potential of AI in the aerospace and defense sectors.

Anthropic Venture Capital Startups

Anthropic's Meteoric Revenue Rise Signals Generative AI's Enterprise Momentum

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Chris McKay• December 28, 2023 • 1 min read

The revenue update comes as Anthropic raises ~$750 million from Menlo Ventures and others at a $15 billion valuation, highlighting heightened investor enthusiasm.

Venture Capital Startups

Legal AI Startup Harvey.ai Raises $80M At $715M Valuation

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Chris McKay• December 19, 2023 • 2 min read

Over the past year, Harvey has quickly gained traction among leading law firms and Fortune 500 legal departments. It has built domain-specific AI models in collaboration with OpenAI to address complex client needs.

Venture Capital Startups

Lightmatter Closes $155M Funding Round at $1.2B Valuation

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Richard Banfield• December 19, 2023 • 2 min read

The company is developing disruptive photonic technologies to accelerate AI workloads and address the growing power and performance challenges in high-performance computing.

Venture Capital Startups

Distributional Raises $11M to Build Enterprise AI Testing Platform

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Richard Banfield• December 14, 2023 • 1 min read

Their mission is to build software that makes AI safe, robust and reliable so that our customers trust their AI, ship AI products more frequently and realize the full potential impact of AI on their organization.

Venture Capital Startups

Braintrust Secures $5M Seed Round to Build AI Infrastructure

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Chris McKay• December 13, 2023 • 2 min read

The startup aims to abstract away evaluation issues with a set of out-of-the-box tools for tracking model accuracy, monitoring system behavior in production, and running rapid experiments.

Venture Capital Startups Fintech

Hyperplane Emerges from Stealth to Bring Personalized Banking Experiences

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Richard Banfield• December 13, 2023 • 1 min read

The startup is also announcing a $6 million funding round led by former Stripe executive Lachy Groom, along with notable backers like SV Angel and Clocktower Technology Ventures.

Venture Capital Startups

Essential AI Secures $56.5M in Series A Funding to Build 'Enterprise Brain'

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Chris McKay• December 12, 2023 • 2 min read

The startup aims to develop industry-specific AI tools tailored to the needs of fields like finance, marketing, sales, and more.

Venture Capital Startups

Relevance AI Raises $10M to Enable Businesses to Build AI Teams

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Chris McKay• December 11, 2023 • 1 min read

Over the last three months, Relevance AI has seen rapid growth, with 6,000 businesses signed up to use its platform. These companies have already automated over 250,000 tasks.

Venture Capital Startups

MaintainX Secures $50 Million in Series C Funding, Advancing AI-Driven Industrial Maintenance

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Chris McKay• December 8, 2023 • 2 min read

The new funding from Bain Capital Ventures and others will accelerate MaintainX’s product roadmap further into artificial intelligence.

Venture Capital Startups Sarvam AI

Sarvam AI Raises $41 Million Series A to Pioneer India's Generative AI Landscape

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Chris McKay• December 7, 2023 • 2 min read

Sarvam AI plans to focus squarely on the country's unique needs—including training models that can understand India's multitude of languages and voice-first interfaces.

Venture Capital Startups

MIT Spinoff Plans to Build New Generation of AI Models with Liquid Neural Network Technology

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Chris McKay• December 7, 2023 • 3 min read

The startup aims to commercialize the relatively new liquid neural network architecture developed by MIT.

Venture Capital Startups

Lutra AI Launches to Simplify Building AI Workflows

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Chris McKay• December 7, 2023 • 1 min read

Founded by former Google and Coursera employees including Jiquan Ngiam, Lutra focuses on a code-first approach to integrating AI.

Venture Capital Startups

AutogenAI Raises $39.5 Million to Further Develop its AI-Powered Bid and Proposal Writing

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Chris McKay• December 6, 2023 • 2 min read

AutogenAI applies natural language generation technology to help companies streamline the traditionally labor-intensive and complex process of crafting persuasive bids and proposals for contracts, grants, and other new business opportunities.

Venture Capital Startups

Leonardo.Ai Secures $31M to Grow its Generative AI Art Platform

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Chris McKay• December 6, 2023 • 2 min read

The new funding will be instrumental in expanding Leonardo.Ai's sales and marketing teams as it scales its enterprise product. There is also a focus on bolstering the engineering team to drive further innovation.

Venture Capital Startups

EnCharge AI Secures $22.6 Million to Unlock Broader AI Adoption with Novel AI Chips

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Chris McKay• December 5, 2023 • 1 min read

By combining the strengths of analog and digital operation, EnCharge says its full-stack AI solution delivers the horsepower needed to enhance high-value functions across sectors.

xAI Venture Capital Startups

Elon Musk Is Raising $1 Billion for AI Startup xAI

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Chris McKay• December 5, 2023 • 2 min read

As per filings with the Securities and Exchange Commission, xAI has already garnered about $135 million from undisclosed investors.

Venture Capital Startups

Open-Source AI Platform Replicate Raises $40M From a16z to Make Models More Accessible

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Chris McKay• December 5, 2023 • 2 min read

The new capital will focus on tailoring Replicate’s offerings for business users through enterprise tooling like monitoring, security compliance auditing, and hands-on support.

Venture Capital Startups

Asato.ai Secures $7.5M Seed Round to Build AI-Powered Enterprise Copilots

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Chris McKay• December 5, 2023 • 1 min read

Asato's copilot technology combines knowledge graphs and generative AI to give CIOs comprehensive real-time visibility into their organization's complex IT assets and operations.

Mistral Venture Capital Startups

Mistral AI Raises $415 Million at $2 Billion Valuation

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Chris McKay• December 5, 2023 • 2 min read

Andreessen Horowitz is leading the round with participation from other high-profile backers like NVIDIA, Salesforce, General Catalyst, Lightspeed, and Bpifrance.