📌 14 AI Startups raise $250M+

BONUS: Israel AI Market Map

May 16, 2024

TODAY’S RECAP 🗓️

  • WEKA raises a $140M Series E — Data management platform

  • Steno raises a $46M Round — Legal case transcription and analysis

  • Nabla Bio raises a $26M Series A — Generative protein design

  • Gamma raises a $12M Series A — Generative presentations

  • LanceDB raises a $8M Seed — Database for multimodal AI data

  • 9 more rounds caught by my funding tracker

Read time: 3 minutes

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TOP PICKS 📢

1/5

Amount: $140M 🎉

Valuation: $1.6B

Round: Series E

Lead Investor: Valor Equity Partners

Weka is a data management platform that offers a high-performance parallel file system designed to handle extensive data tasks across multiple environments, including on-premises, public clouds, and hybrid clouds.

This system supports AI and machine learning workloads, reducing the time for data processing and accelerating AI model training.

2/5

Amount: $46M 🎉

Round: Venture Round

Lead Investor: Undisclosed

Steno's product, Transcript Genius, is a generative AI tool to analyze case transcripts.

It allows attorneys to interact with a library of transcripts, identifying key facts, inaccuracies, and conflicting information quickly. This tool enhances case strategy by providing instant, relevant insights, highlighting inconsistencies, and offering deeper analysis of testimonies.

3/5

Amount: $26M 🎉

Round: Series A

Lead Investor: Radical Ventures

Nabla combines LLMs with powerful wet lab technologies in order to learn the language of proteins and design powerful new medicines.

4/5

Amount: $12M 🎉

Round: Series A

Lead Investor: Accel

Gamma is an AI-powered presentation tool.

The software uses AI to assist users in creating content, integrating data, and designing visually appealing slides. It offers flexibility in creating various types of business content.

5/5

Amount: $8M 🎉

Round: Seed

Lead Investor: CRV

LanceDB is an open-source vector database designed to handle multimodal AI data.

The database supports training, exploration, search, and large-scale data processing, providing a single source of truth for AI data.

Notable customers include Midjourney, Character AI, etc.

OTHER ROUNDS 🤏

ESSENTIAL INTRODUCTIONS

→ Malted AI raises a $7.5M Seed — Enables enterprises to build smaller, focused AI models with greater performance at a fraction of the cost

→ Laws of Motion raises a $5M Seed — AI-powered sizing for fashion brands

→ Celes raises a $3M Seed — AI-powered inventory management

→ Crosby Health raises a $2.2M Pre-Seed — Building a clinical LLM for clinical appeals

→ Aerial raises a $2M Pre-Seed — AI-powered data room for startups

PITCH DECKS & TOOLS ⚒️

Trending Business Tools

  • Julius AI - Your AI data analyst to analyze and chat with your data

  • Play.ht - Create conversational phone agents using voice AI

  • Colossyan - Create your video avatar

BONUS 🔥

FOR CURIOUS MINDS

THAT’S IT FOR TODAY

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