📌 14 AI Startups raise $165M+

🗓️ Today’s 1 min recap:

• Zama raises a $73M Series A for a privacy computing AI network

• IDfy raises a $27M Series E for its identity verification platform

• EnCharge AI raises a $18.6M Grant for its AI chip

• Limbic raises a $14M Series A for its mental health platform

• Glacier raises $7.7M for its recyclable material sorting robots

• 9 more rounds caught by my funding tracker

• Rabbit r1 giveaway

Read time: 3 minutes

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TOP PICKS 📢

A detailed highlight

→ Zama

Amount: $73M 🎉

Valuation: $400M Est.

Round: Series A

Lead Investor: Multicoin Capital, Protocol Labs

Zama's mission is to make the internet more secure through homomorphic encryption (FHE).

FHE allows users to process encrypted data without decrypting it first. This is a significant advancement in data security, as it allows for secure computation on sensitive data.

This has the potential to allow AI models to be trained and run on sensitive data, without the risk of that data being exposed.

→ IDfy

Amount: $27M 🎉

Round: Series E

Lead Investor: Elev8 Venture Partners

IDfy offers a platform that uses AI to help businesses prevent fraud. The platform can be used to verify the identity of customers, detect suspicious activity, and prevent fraudulent transactions.

IDfy's target audience includes banks, financial institutions, e-commerce companies, and any other business that handles sensitive customer data.

→ EnCharge AI

Amount: $18.6M 🎉

Round: Grant

Lead Investor: DARPA

EnCharge AI is working on commercializing advanced AI chips that use in-memory computing.

This technology can accelerate AI applications in servers and network edge machines, claiming to reduce power consumption relative to standard computer processors.

→ Limbic

Amount: $14M 🎉

Round: Series A

Lead Investor: Khosla Ventures

Limbic offers an AI-powered mental health platform, proven in the NHS, featuring an AI care companion that provides on-demand mental health support between therapy sessions.

Their platform helps healthcare providers screen and assess patients for mental health conditions, deliver personalized recommendations, and monitor progress.

→ Glacier

Amount: $7.7M 🎉

Round: Venture Round

Lead Investor: Amazon, New Enterprise Associates

Glacier has built AI-enabled robotic systems designed to improve recyclable material sorting.

These robots are equipped to identify and sort over 30 different types of materials, thereby enhancing the recycling process. The system not only increases the speed and precision of sorting but also collects real-time data about the recycling stream, offering valuable insights into waste management practices.

OTHER ROUNDS 🤏

Essential introductions

→ PreemptiveAI raises a $6.4M Seed - Biomedical foundational model for health prediction

→ Jabali raises a $5M Seed - AI-powered game development

→ Louisa raises a $5M Seed - AI-powered sales enablement

→ Privasea raises a $5M Seed - Privacy computing AI network

→ Propense.ai raises a $3M Seed - AI to identify new revenue streams for businesses

→ Enzzo raises a $3M Seed - AI-powered hardware development platform

→ Safety Radar raises a $1.5M Seed - AI platform to stop job site accidents through behavioral risk tracking and training

→ Spacely AI raises an undisclosed Pre-Seed - AI copilot for interior design

→ Untukmu AI raises an undisclosed Pre-Seed - AI copilot to choose gifts

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BONUS 🔥

For the most curious minds!

THAT’S IT FOR TODAY

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Cheers,
Cheif AI Officer (CAIO)