📌 11 AI Startups raise $415M+

BONUS: NVIDIA's Acquisition + Portfolio

April 25, 2024

🗓️ Today’s 1 min recap:

  • Augment raises a $252M Series A + Series B for its AI-powered code assistant

  • Parloa raises a $66M Series B for its conversational AI platform

  • FlexAI raises a $30M Seed for its AI compute infrastructure

  • Nooks raises a $22M Series A for its AI sales caller

  • Chemix raises a $20M Series A for its EV battery design platform

  • 6 more rounds caught by my funding tracker

Read time: 2 minutes

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TOP PICKS 📢

A detailed highlight

Amount: $252M 🎉

Valuation: $977M

Round: Series A + Series B

Lead Investor: Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, Meritech Capital

Augment launched out of stealth today to build an AI-powered code assistant, rivalling GitHub copilot.

Their assistant enhances understanding of codebases, supports faster and more accurate coding, and improves overall software quality.

Notably, the company stated a 40% increase in developer productivity.

Amount: $66M 🎉

Round: Series B

Lead Investor: Altimeter Capital

Parloa is a conversational AI platform that automates and personalizes customer service interactions.

It integrates with existing customer service frameworks to provide seamless and intelligent responses to improve response times and customer satisfaction.

Amount: $30M 🎉

Round: Seed

Lead Investor: Alpha Intelligence Capital, Elaia, Heartcore Capital

FlexAI aims to simplify AI compute infrastructure to a level of ease akin to general cloud services.

They offer an on-demand cloud service for AI training that connects developers to virtual compute environments, allowing them to deploy AI models across multiple architectures and only pay for the resources they use.

Amount: $22M 🎉

Round: Series A

Lead Investor: Lachy Groom

Nooks offers AI-powered tools for sales teams, including an AI Dialer for automating manual call tasks and a Virtual Salesfloor for coaching and collaboration among remote teams.

Amount: $20M 🎉

Round: Series A

Lead Investor: Ibex Investors

Chemix has developed the MIX™ platform, an AI-powered platform that enhances the discovery and optimization of battery materials and configurations for various types of electric vehicles.

The platform will revolutionize EV battery development as current battery development processes are labour-intensive, expensive, and slow.

OTHER ROUNDS 🤏

Essential introductions

→ AIsphere raises a $14M Series A - Text-to-video model for China

→ Log10 raises a $7.2M Seed - Monitor and improve the accuracy of LLMs

→ Amplifier Security raises a $3.3M Pre-Seed - AI security copilot

→ Clueso raises a $1.4M Seed - AI-made product videos & docs

→ Beyond Weather raises a $0.27M Pre-Seed - AI-powered weather forecasts

→ LightHearted AI raises an undisclosed Grant - AI-based diagnostics device for the detection of heart conditions

AI PITCH DECKS 🔖

New Pitck Deck: Read AI’s $21M Series A 👇🏼

BONUS 🔥

For the most curious minds!

THAT’S IT FOR TODAY

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