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📌 10 AI Startups raise $1.1B+

📌 10 AI Startups raise $1.1B+

BONUS: July 2024 Market Memo From Sapphire Ventures

TODAY’S FUNDING RECAP 🗓️

Safe Superintelligence raises a $1B Round — AI research
Sakana AI raises a $100M Series A — AI research
You raises a $50M Series B — Search engine powered by AI agents
Revefi raises a $20M Series A — AI data engineer
6 more rounds caught by my funding tracker

Quick Note: Our links now have a preview image of today’s funding recap to provide more context when you share links :)

Read time: 3 minutes

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TOP PICKS 📢

1/4

→ Safe Superintelligence

Amount: $1B 🎉

Valuation: $5B (rumoured)

SSI is building superintelligent AI.

It is in the early stages of R&D, planning to work for several years before introducing anything to the market.

While the exact nature of their planned AI system is still under wraps, the ultimate goal is to create AI systems that are not only more capable than any current models but are also aligned with human safety protocols to ensure they do not become harmful or uncontrollable.

2/4

→ Sakana AI

Amount: $100M 🎉

Round: Series A

Lead Investor: Khosla Ventures, Lux Capital, New Enterprise Associates

Sakana AI is developing foundational AI models that are inspired by nature’s processes.

These AI models aim to be more energy-efficient and sustainable, compared to traditional models. Sakana AI’s research explores new approaches in AI scaling like their research Evolutionary Model Merge, an algorithm to combine open-source models to produce new domain-specific models in ways that are effective, unintuitive, and non-trivial.

3/4

→ You.com

Amount: $50M 🎉

Round: Series B

Lead Investor: Georgian

You is an advanced search engine.

They use AI agents to help users conduct research, solve problems, write and run code, create content, and more. Their AI agents also integrate into team workflows, enabling collaboration across organizations.

4/4

→ Revefi

Amount: $20M 🎉

Round: Series A

Lead Investor: Icon Ventures

Revefi's product is Raden, the world’s first AI data engineer.

Raden augments human data engineers by automating complex tasks related to data architecture, observability, performance optimization, and cost management. The AI operates as an autopilot for data teams, significantly reducing manual work in data pipelines, cloud optimization, and real-time data processing.