- Chief AI Office
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- 📌 14 AI Startups raise $150M+
📌 14 AI Startups raise $150M+
BONUS: Top Consumer AI Apps
🗓️ 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
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.
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.
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
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.
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
→ 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
→ GobbleCube raises a $1.9M Seed - AI-powered RevOps for brands
→ 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
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BONUS 🔥
For the most curious minds!
🚨 Announcing...the top 100 consumer genAI apps!
We ranked every AI web product by usage - and for the first time, ranked mobile apps too.
Consumer AI is moving fast, with some major updates since our last ranks 6 months ago.
Our takeaways 👇
— Olivia Moore (@omooretweets)
3:22 PM • Mar 13, 2024
THAT’S IT FOR TODAY
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Cheers,
Cheif AI Officer (CAIO)
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