Qdrant Secures $28M for Open Source Vector Database Tech
The new funding will focus primarily on team growth, allowing Qdrant to scale its business operations and better support global enterprise customers with its database technology.
Venture Capital
A collection of 318 posts
ElevenLabs Becomes First Voice AI Unicorn With $80 Million Series B
This brings the total amount raised so far to $101M, and puts its valuation at an impressive $1.1 billion.
Sakana AI Raises 30M Seed Funding to Pursue Nature-Inspired AI
Early funding and support underscores the confidence top-tier investors have in Sakana AI's potential.
SK Networks Invests $19 Million in Upstage
Upstage has garnered attention for its innovative approach in the small-scale Large Language Model (ssLLM) market, specializing in private, domain-specific models that prioritize information security.
Luma AI Raises $43M Series B and Releases Genie 1.0
The Series B round was led by the influential venture capital firm Andreessen Horowitz, and brings Luma's total funding to $70 million.
Quora Lands $75M from a16z to Fuel Expansion of AI Chat Platform Poe
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.
Contents.com Secures $18 Million Series B to Drive AI Content Creation Platform Growth
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.
Nabla Secures $24 Million in Series B Funding to Accelerate Healthcare Copilot Rollout
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.
Perplexity Raises $73 Million Series B Round
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.
Robin AI Raises $26M as Legal Sector Embraces AI Copilots
The service has seen 5x year-over-year revenue growth as Fortune 500 brands signed on, including Pepsico, PwC, and Yum Brands.
Shield AI Secures Additional Series F Funding, Elevating Total to $500M
This strategic financial boost underscores the growing interest and confidence in the transformative potential of AI in the aerospace and defense sectors.
Anthropic's Meteoric Revenue Rise Signals Generative AI's Enterprise Momentum
The revenue update comes as Anthropic raises ~$750 million from Menlo Ventures and others at a $15 billion valuation, highlighting heightened investor enthusiasm.
Legal AI Startup Harvey.ai Raises $80M At $715M Valuation
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.
Lightmatter Closes $155M Funding Round at $1.2B Valuation
The company is developing disruptive photonic technologies to accelerate AI workloads and address the growing power and performance challenges in high-performance computing.
Distributional Raises $11M to Build Enterprise AI Testing Platform
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.
Braintrust Secures $5M Seed Round to Build AI Infrastructure
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.
Hyperplane Emerges from Stealth to Bring Personalized Banking Experiences
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.
Essential AI Secures $56.5M in Series A Funding to Build 'Enterprise Brain'
The startup aims to develop industry-specific AI tools tailored to the needs of fields like finance, marketing, sales, and more.
Relevance AI Raises $10M to Enable Businesses to Build AI Teams
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.
MaintainX Secures $50 Million in Series C Funding, Advancing AI-Driven Industrial Maintenance
The new funding from Bain Capital Ventures and others will accelerate MaintainX’s product roadmap further into artificial intelligence.
Sarvam AI Raises $41 Million Series A to Pioneer India's Generative AI Landscape
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.
MIT Spinoff Plans to Build New Generation of AI Models with Liquid Neural Network Technology
The startup aims to commercialize the relatively new liquid neural network architecture developed by MIT.
Lutra AI Launches to Simplify Building AI Workflows
Founded by former Google and Coursera employees including Jiquan Ngiam, Lutra focuses on a code-first approach to integrating AI.
AutogenAI Raises $39.5 Million to Further Develop its AI-Powered Bid and Proposal Writing
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.