📌 12 AI Startups raise $200M+

BONUS: Open-source consumer AI device

March 22, 2024

🗓️ Today’s 1 min recap:

  • Foundry raises a $80M Seed + Series A for its AI compute platform

  • The Browser Company raises a $50M Round for its AI-powered browser

  • Profluent raises a $35M Series A for its biomedicine foundational model

  • Borderless AI raises a $20M Seed for its HR platform and AI agent

  • Ruoyu Technology raises a $7M Seed for its multimodal model for robots

  • 7 more rounds caught by my funding tracker

Read time: 3 minutes

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A detailed highlight

Amount: $80M 🎉

Valuation: $350M

Round: Seed + Series A

Lead Investor: Lightspeed Venture Partners, Sequoia Capital

Foundry offers a public cloud service designed for AI/ML workloads.

The company facilitates more efficient and faster AI workloads by enabling underutilised enterprise compute resources across distributed systems. This service includes scalable GPU instances tailored for ML tasks with convenient price-performance ratios.

Amount: $50M 🎉

Valuation: $550M

Round: Venture Round

Lead Investor: Pace Capital

The Browser Company has developed the Arc browser, notable for its unique features such as command bar navigation, pinned tabs, and different workspaces for separating work and personal websites.

The Arc browser aims to improve user experience by treating tabs more like applications and integrating AI features like AI-powered search, instant links, and a "Browse for me" feature that summarizes content from the web.

Amount: $35M 🎉

Round: Series A

Lead Investor: Spark Capital

Profluent employs AI to design proteins deliberately, moving away from reliance on nature's randomness or extensive experimentation.

Profluent’s AI models navigate the vast combinatorial spaces in protein design to optimise for functional attributes. Their platform can create breakthrough medicines and other innovations by making biology programmable.

Amount: $20M 🎉

Round: Seed

Lead Investor: Aglaé Ventures, Susquehanna International Group (SIG)

Borderless AI is an AI-powered company in the HR and Employer of Record space.

They’ve developed an AI Agent named Alberni, designed to assist HR teams and employees with tasks like generating employment agreements, facilitating reimbursements, and streamlining employee onboarding.

Alberni operates in 170 languages, offers a mobile interface, and utilizes conversational AI to allow users to complete tasks efficiently in one sitting.

Amount: $7M 🎉

Round: Seed

Lead Investor: DONGFANG Precision Science & Technology

Ruoyu Technology's flagship product is the "Ruoyu Jiutian" multi-modal large model, designed to process and integrate diverse inputs such as text, images, audio, and video.

This model is specifically tailored for robotics applications, enabling robots to comprehensively understand their environment and tasks.

OTHER ROUNDS 🤏

Essential introductions

→ Cleric raises a $4.3M Seed - Autonomous AI site reliability engineer

→ Tensorplex raises a $3M Seed - Capital and intelligence infrastructure for decentralized AI networks

→ Stanhope AI raises a $2.9M Seed - Building agentic AI models

→ Foxy AI raises a $1.5M Round - AI-powered celebrity companions

→ Clusterlab raises a $0.6M Pre-Seed - AI and NLP research

→ Keplero AI raises a $0.44M Seed - AI ​​assistant for customer service

→ AINN Layer2 raises an undisclosed Seed - AI-modular Bitcoin Layer2 solution

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BONUS 🔥

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THAT’S IT FOR TODAY

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