📌 14 AI Startups raise $150M+

🗓️ Today’s 1 min recap:

• Unstructured raises a $40M Series B to make enterprise data LLM-ready

• HiLabs raises a $39M Series B for its healthcare data cleaning platform

• Relation Therapeutics raises a $35M Seed for drug development

• Quintessent raises a $11.5M Seed to build connectivity for AI at scale

• Proscia raises $9M Series C Extension for its pathology automation platform

• 9 more rounds caught by my funding tracker

Read time: 3 minutes

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TOP PICKS 📢

A detailed highlight

→ Unstructured

Amount: $40M 🎉

Valuation: $230M

Round: Series B

Lead Investor: Menlo Ventures

Unstructured eliminates the laborious manual preprocessing of data, a significant bottleneck for data scientists.

Their platform transforms enterprise data, making it easily usable with LLMs, regardless of file type, document layout, or location. Users can point any file with natural language data to this API and receive data ready for vector databases and LLMs.

Notably, over 45,000 organisations use the platform today.

→ HiLabs

Amount: $39M 🎉

Round: Series B

Lead Investor: Denali Growth Partners, Eight Roads Ventures

HiLabs offers a cloud-based platform named MCheck that ingests, cleans, and enriches healthcare data.

This platform supports large health insurance companies in automating and improving administrative processes, ultimately aiding in healthcare transformation.

→ Relation Therapeutics

Amount: $35M 🎉

Round: Seed

Lead Investor: DCVC, NVentures

Relation Therapeutics leverages computational and experimental approaches to drug discovery by:

• Integrating single-cell analysis, genomics, and machine learning.

• Building maps of disease biology to discover novel targets.

• Utilizing a "Lab-in-the-Loop" strategy for efficient drug development

→ Quintessent

Amount: $11.5M 🎉

Round: Seed

Lead Investor: OUP (Osage University Partners)

Quintessent aims to future-proof optical connectivity, focusing on datacenter speed and efficiency.

They're developing optical connectivity solutions with a multi-wavelength comb laser technology to interconnect compute and switch chips within datacenters, enhancing bandwidth and reducing power consumption.

→ Proscia

Amount: $9M 🎉

Round: Series C Extension

Lead Investor: Triangle Peak Partners

Proscia offers an AI-powered pathology software platform that automates tasks like quality control and tumor identification, making pathologists more efficient and improving patient outcomes.

Notably, the company recently received FDA clearance.

OTHER ROUNDS 🤏

Essential introductions

→ Stringr raises a $5.4M Convertible Note - AI-powered video production platform for journalism

→ Redcoat AI raises a $4.24M Round - AI-powered cyber security platform

→ Assort Health raises a $3.5M Seed - AI-powered call center for clinics

→ Interloom raises a $3M Seed - AI-driven process automation

→ GobbleCube raises a $1.9M Seed - AI-powered RevOps for brands

→ Seelab raises a $1.1M Pre-Seed - AI image platform

→ Broswarm raises a $0.1M Pre-Seed - AI-powered sensory arrays

→ Mistral AI raises an undisclosed Corporate Round - Open and portable generative AI for devs and businesses

→ IntelloSync raises an undisclosed Pre-Seed - AI-powered legal contract assessment and management

NEW PITCH DECKS 🔖

Check out RapidCanvas’s $7.5M Seed pitch deck here

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BONUS 🔥

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THAT’S IT FOR TODAY

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Cheif AI Officer (CAIO)