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- 📌 13 AI Startups raise $450M+
📌 13 AI Startups raise $450M+
BONUS: Extropic AI
🗓️ Today’s 1 min recap:
Applied Intuition raises a $250M Series E for its autonomous vehicle software
Bear Robotics raises $60M for its restaurant server robots
Ocient raises a $49.4M Series B for its energy-efficient data analytics platform
Adaptive ML raises a $20M Seed to enable personalized generative AI experiences
NPS raises $17.5M Series B for its digital imaging radar technology
Kaedim raises a $15M Series A for its image-to-3D model
7 more rounds caught by my funding tracker
Read time: 3.5 minutes
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TOP PICKS 📢
A detailed highlight
Amount: $250M 🎉
Valuation: $6B
Round: Series E
Lead Investor: Lux Capital
Applied Intuition specializes in AI-powered software for autonomous vehicle development.
Their suite of products includes tools for simulation, testing, and data management for automakers and defence sectors.
Amount: $60M 🎉
Round: Corporate Round
Lead Investor: LG Electronics
Bear Robotics develops AI-powered server robots for restaurants and other venues.
These robots are autonomous tray towers on wheels designed to assist in serving and delivering food to customers, potentially replacing traditional waitstaff roles.
Amount: $49.4M 🎉
Round: Series B
Lead Investor: Greycroft
Ocient provides energy-efficient data analytics solutions to manage large, complex datasets, optimizing for performance, cost, and energy efficiency.
Organizations are being challenged to deliver hyper-growth data analysis at low costs, which has become increasingly challenging with the growth of compute-intensive data workloads.
Notably, the company had a 109% YoY revenue growth.
Amount: $20M 🎉
Valuation: $100M
Round: Seed
Lead Investor: Index Ventures
Adaptive aims to democratize preference tuning methods like RLHF (reinforcement learning from human feedback), enabling companies to deliver personalized generative AI experiences.
To do this, they offer an enterprise platform that allows continuous improvement of large language models based on user interactions, emphasizing preference tuning for personalized experiences.
Amount: $17.5M 🎉
Round: Series B
Lead Investor: Cota Capital
Neural Propulsion Systems (NPS) develops digital imaging radar technology powered by AI.
This technology offers 10 times better resolution and 2.5 times greater range than traditional radar systems in enhancing roadway safety. It further benefits pedestrians, drivers and all other traffic participants, as well as defense radar systems.
Amount: $15M 🎉
Round: Series A
Lead Investor: Andreessen Horowitz
Kaedim provides an AI-powered co-development platform for 3D art.
Their software can generate 3D models from a single image and automate tasks such as unwrapping and texturing. They also have a marketplace of 10,000+ assets. This can be used in a variety of industries, including video games, commerce, and architecture.
The company said they have 7 figures in annual revenue, 250+ large-scale customers, and 20,000 new creators per month.
OTHER ROUNDS 🤏
Essential introductions
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BONUS 🔥
For the most curious minds!
A bit more about what we are building
— Extropic (@Extropic_AI)
2:00 PM • Mar 11, 2024
THAT’S IT FOR TODAY
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