📌 13 AI Startups raise $7B+

BONUS: State of Enterprise Tech Spending From Battery Ventures

TODAY’S FUNDING RECAP 🗓️

  • OpenAI raises a $6.6B Round — Frontier AI research

  • Poolside raises a $500M Series B — AI models for coding

  • Reducto raises a $8.4M Seed — Document processing

  • Augmodo raises a $5.3M Seed — Spatial AI to track inventory

  • iAsk raises a $4.2M Seed — Search engine

  • 8 more rounds caught by my funding tracker

Read time: 3 minutes

TOGETHER WITH MICRO1

Chief AI Office: micro1 is an end-to-end AI recruiter for sourcing, vetting, hiring, and managing top engineering talent globally.

  1. Open a job

  2. Source candidates

  3. Use their AI recruiter to screen, interview at scale

  4. micro1 handles compliance, payroll, benefits

TOP PICKS 📢

1/5

Amount: $6.6B 🎉

Valuation: $157B

Lead Investor: Thrive Capital

OpenAI is building frontier AI systems and is the creator of ChatGPT.

They recently debuted o1 (codenamed 🍓), a new series of AI models designed to spend more time thinking before they respond.

Notably, they’re currently on a revenue run rate of $3.4B annually and have over 250 million ChatGPT users.

2/5

Amount: $500M 🎉

Valuation: $3B

Round: Series B

Lead Investor: Bain Capital Ventures

Poolside is building advanced AI models capable of software development at a human level.

Their models are trained with a propriety approach, known as Reinforcement Learning from Code Execution Feedback (RLCEF), which enables its AI models to improve coding efficiency by learning from developers’ interactions and real-world codebases to improve their reasoning and coding capabilities.

3/5

Amount: $8.4M 🎉

Round: Seed

Lead Investor: First Round Capital

Reducto is a document ingestion API that processes unstructured data such as PDFs and spreadsheets.

Their platform uses vision models to understand document structures the way humans do, capturing visual cues like paragraph spacing, table layouts, and hierarchical tabs. Reducto’s API eliminates common issues like jumbled multi-column layouts and missed figures, which plague traditional document processing tools.

4/5

Amount: $5.3M 🎉

Round: Seed

Lead Investor: Lerer Hippeau

Augmodo’s product is a SmartBadge™ system, worn by store associates, that uses spatial AI to track inventory in real-time.

These badges automatically detect empty shelves, restocking needs, and other inefficiencies as employees move through the store. The system creates live 3D maps of the store's inventory, allowing retailers to monitor stock levels continuously.

5/5

Amount: $4.2M 🎉

Round: Seed

Lead Investor: Corazon Capital

iAsk is a search engine that uses LLMs to answer questions.

Users can ask questions in natural language and receive detailed, accurate answers instantly, avoiding the SEO-driven clutter that affects other search engines. The company also offers a paid service for $9.95 per month, which provides additional features like more powerful models, uploading documents, follow-up questions, ad-free experience, etc.

OTHER ROUNDS 🤏

ESSENTIAL INTRODUCTIONS

→ Crescendo raises a $50M Round — Conversational AI platform for customer service

→ Vizit raises a $25M Series B — Visual AI platform for e-commerce

Pallet raises a $18M Series A — AI for logistics operations

→ Harmonic Security raises a $17.5M Series A — AI-powered platform to protect sensitive data

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