📌 11 AI Startups raise $225M+

🗓️ Today’s 1 min recap:

• Hailo raises a $120M Series C Extension for its edge AI processors

• SESO raises a $26M Series B for its agribusiness HR platform

• Lumana raises a $24M Seed for its video security platform

• Read AI raises a $21M Series A for its communication productivity platform

• Proxima raises a $12M Series A for its e-commerce data intelligence platform

• 6 more rounds caught by my funding tracker

Read time: 2 minutes

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TOP PICKS 📢

A detailed highlight

→ Hailo

Amount: $120M 🎉

Round: Series C Extension

Lead Investor: Alfred Akirov, Delek Motors, OurCrowd

Hailo designs specialized AI chips for edge devices, making AI accessible outside of data centres.

These chips are optimised for lower memory usage and power consumption, suitable for car applications, smart cameras, robotics, and more, including running LLMs locally.

→ SESO

Amount: $26M 🎉

Round: Series B

Lead Investor: Bond

Seso is a comprehensive HR platform specifically designed for agribusiness employers.

The platform includes an AI-enabled payroll solution, a banking and remittance solution for farm workers, a streamlined H-2A visa process and workforce management software.

→ Lumana

Amount: $24M 🎉

Round: Seed

Lead Investor: Norwest Venture Partners, S Capital

Lumana offers an AI-powered video security platform built on a distributed hybrid cloud architecture.

The platform leverages proprietary AI models to provide real-time video analysis for enhanced security, operational efficiency, and incident response.

Notably, the video analytics market will quadruple from over $8 billion this year to almost $38 billion by 2030.

→ Read AI

Amount: $21M 🎉

Round: Series A

Lead Investor: Goodwater Capital

Read AI is an AI-powered platform that integrates with meetings, emails, and messaging tools (like Gmail, Outlook, Teams, and Slack).

Key features include:

• AI-generated summaries of meetings, emails, and messaging threads.

• Action item extraction to help users follow up on tasks.

• Search and contextual understanding to find relevant information quickly across different communication channels.

→ Proxima

Amount: $12M 🎉

Round: Series A

Lead Investor: Mucker Capital

Proxima offers an AI-powered data intelligence solution that uses a proprietary database of shopper personas to help businesses with acquisition, retention, and customer lifecycle marketing.

OTHER ROUNDS 🤏

Essential introductions

→ NobleAI raises a $10M Series A Extension - AI-powered chemical and material product development

→ Quadratic raises a $5.6M Seed - AI-powered spreadsheets for developers

→ Sensay raises a $3.4M Pre-Seed - AI companions

→ XUND raises a $2.16M Seed - AI-powered diagnostic and digitization platform

→ Vodex raises a $2M Seed - AI-powered sales agent

→ Replikant raises an undisclosed Seed - AI-powered 3D animation

AI PITCH DECKS 🔖

→ Discover 60+ pitch decks from the latest AI Startups

BONUS 🔥

For the most curious minds!

THAT’S IT FOR TODAY

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Cheers,
Cheif AI Officer (CAIO)