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- π 12 AI Startups raise $200M+
π 12 AI Startups raise $200M+
BONUS: Enterprise Conversational AI
ποΈ Todayβs 1 min recap:
Aerospike raises a $109M Series E for its real-time data platform
Luminance raises a $40M Series B for its legal copilot
Nucleai raises a $14M Series B Extension for its cancer diagnostic technology
Higgsfield raises a $8M Seed for its AI video creation platform
Raiinmaker raises a $7.5M Seed for its decentralized AI training platform
7 more rounds caught by my funding tracker
Read time: 2 minutes
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TOP PICKS π’
A detailed highlight
Amount: $109M π
Round: Series E
Lead Investor: Sumeru Equity Partners
Aerospike provides a real-time data platform capable of handling data at an "unlimited scale".
Their NoSQL database is engineered to offer rapid data processing which is vital for AI applications requiring immediate insights from vast datasets. The service has evolved to support other AI functionalities like document handling, graphs, and vector processing.
Amount: $40M π
Round: Series B
Lead Investor: March Capital
Luminance is an AI-powered legal platform with a proprietary LLM aiding in contract reviews, compliance, and evidence analysis.
Key features include:
Document analysis: Clause identification, anomaly detection, data extraction, and multiple document comparisons.
Due diligence automation: Rapidly reviewing large volumes of documents, surfacing key information and potential red flags.
Amount: $14M π
Round: Series B Extension
Lead Investor: M Ventures
Nucleai enhances the precision and efficiency of cancer diagnosis and treatment through its spatial AI biomarker technology.
This technology leverages AI to interpret complex cellular interactions within tissue samples, providing actionable insights for pathologists and researchers.
Amount: $8M π
Round: Seed
Lead Investor: Menlo Ventures
Founded by former head of generative AI at Snap, Higgsfield is an AI-powered video creation platform with a focus on mobile.
The platform targets content creators and marketers, aiming to simplify and enhance the video creation process for social media.
Amount: $7.5M π
Round: Seed
Lead Investor: Cypher Capital, Jump Capital
Raiinmaker is building decentralized AI tools to support sports, gaming and entertainment projects.
Users can train AI from their iOS or Android phones, receiving rewards proportional to their impact on the AI models.
Notably, they have 70,000+ app downloads.
OTHER ROUNDS π€
Essential introductions
β Supersimple raises a $2.2M Pre-Seed - AI-powered data analytics
BONUS π₯
For the most curious minds!
Conversational AI is the most crowded enterprise app sector because:
- potential to automate as much as 50% of customer service requests (like Klarna)
- generate value up to $40B in the US and $100B globally
Some companies to watch + funding:
Kore AI - $223M
Ada - $190.6Mβ¦ twitter.com/i/web/status/1β¦β Chief AI Officer (@chiefaioffice)
9:22 PM β’ Apr 3, 2024
THATβS IT FOR TODAY
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Cheif AI Officer (CAIO)
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