📌 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

→ Anon raises a $4.5M Seed - Integrates AI applications with websites without an API

→ Sorted raises a $2M Seed - AI-powered solutions to sort recyclable materials

→ AIT Protocol raises an undisclosed Round - Web3 data infrastructure dedicated to data annotation and AI model training

AI PITCH DECKS 🔖

BONUS 🔥

For the most curious minds!

THAT’S IT FOR TODAY

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