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- 📌 10 AI Startups raise $1.1B+
📌 10 AI Startups raise $1.1B+
BONUS: VC Firm Returns
🗓️ Today’s 1 min recap:
Xaira raises a $1B Round for its drug discovery platform
Perplexity raises a $62.7M Series B-1 for its consumer & enterprise search engine
BforeAI raises a $15M Series A for its cybersecurity platform for brands
Prophet Security raises a $11M Seed for its security operations platform
DALPHA raises a $8.7M Series A for its custom AI solutions
5 more rounds caught by my funding tracker
Read time: 2 minutes
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TOP PICKS 📢
A detailed highlight
Amount: $1B 🎉
Round: Venture Round
Lead Investor: ARCH Venture Partners, Foresite Capital
Xaira integrates AI with biology for drug discovery.
The company's approach focuses on leveraging AI to predict the behaviour of biological systems and the efficacy of potential drugs. This helps them rapidly identify and develop novel therapeutics.
Amount: $62.7M 🎉
Valuation: $1.04B
Round: Series B-1
Lead Investor: Daniel Gross
Perplexity is an "answer engine" that serves more than 169M queries per month.
Instead of traditional search results, it provides narrative answers with citations powered by LLMs.
They also launched Enterprise Pro, their B2B offering for enterprise operations including content strategy, R&D, industry insights, etc.
Amount: $15M 🎉
Valuation: $40M
Round: Series A
Lead Investor: SYN Ventures
BforeAI offers a predictive security service called PreCrime™, which uses AI to autonomously map and predict malicious infrastructure by analyzing internet metadata.
This service helps preempt cyber attacks by detecting anomalies and enabling rapid response, protecting organizations before threats materialize.
Amount: $11M 🎉
Round: Seed
Lead Investor: Bain Capital Ventures
Prophet Security is an AI for Security Operations that automates the triage, investigation, and response to security alerts.
It synthesizes security data from various sources to dramatically reduce mean time to respond (MTTR) and prioritize high-risk alerts to lower organizational risks.
Amount: $8.7M 🎉
Round: Series A
Lead Investor: Mirae Asset Venture Investment
Dalpa is a South Korean startup that develops over 100 AI solutions that can be customized for various industries.
Their AI solutions focus on specific pain points for each company, aiming to enhance productivity and increase sales while reducing manual labor time and outsourcing costs.
OTHER ROUNDS 🤏
Essential introductions
→ Sibel Health raises a $17.5M Grant - AI-powered maternal monitoring
→ Prime Intellect raises a $5.5M Seed - Infrastructure for decentralized AI training at scale
→ AIT Protocol raises an undisclosed Round - Web3 data infrastructure dedicated to data annotation and AI model training
BONUS 🔥
For the most curious minds!
The New Power Law: An Exclusive Breakdown of Top VC Firm Returns
Following a viral tweet last year, we got our hands on an anonymized dataset from the SPI team over at Stepstone breaking down the portfolio returns and concentrations strategies of more than 150 top VC funds
— Jason Shuman (@JasonrShuman)
1:30 PM • Apr 22, 2024
THAT’S IT FOR TODAY
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Cheif AI Officer (CAIO)
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