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- 📌 14 AI Startups raise $3B+
📌 14 AI Startups raise $3B+
BONUS: LLM-Infra Map
🗓️ Today’s 1 min recap:
Anthropic raises a $2.75B Round to develop state-of-the-art AI models
Celestial AI raises a $175M Series C for its photonic computer fabric
Hume raises a $50M Series B for its emotional intelligence model
Robovision raises a $42M Round for its computer vision platform
Gather AI raises a $17M Series A-1 for its drone-powered inventory monitoring platform
9 more rounds caught by my funding tracker
3 days remaining to win a rabbit r1
Read time: 3 minutes
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TOP PICKS 📢
A detailed highlight
Amount: $2.75B 🎉
Round: Corporate Round
Lead Investor: Amazon
Anthropic develops AI models that compete at high levels and are scalable for enterprise deployment.
Their recently launched Claude 3 model family has been gaining strong developer traction, with many claiming it is better than GPT-4.
Amazon initially invested $1.25 billion and later added $2.75 billion as part of their original deal.
Amount: $175M 🎉
Round: Series C
Lead Investor: US Innovative Technology Fund
Celestial AI aims to disrupt the compute fabric market with its Photonic Fabric™ technology that alleviates the bandwidth and latency constraints in AI computing.
Specifically, it addresses challenges related to power availability, memory capacity, and operational costs in data centers. They claim their technology delivers over 25x greater bandwidth and memory capacity while reducing latency and power consumption by up to 10x compared to existing optical interconnect alternatives and copper.
Amount: $50M 🎉
Valuation: $219M
Round: Series B
Lead Investor: EQT Ventures
Hume has developed a conversational AI named EVI (Empathic Voice Interface), which is capable of interpreting over 24 different emotions from a person's voice.
This advancement in empathic technology aims to add emotional intelligence (EQ) to AI, allowing for more natural interactions with machines.
EVI is currently available in beta.
Amount: $42M 🎉
Round: Round
Lead Investor: Target Global, Astanor Ventures
Robovision offers a computer vision platform for machinery manufacturers and production lines to enhance automation.
Their product helps existing machinery and production lines to create and maintain their own vision AI models.
Amount: $17M 🎉
Round: Series A-1
Lead Investor: Bain Capital Ventures
Gather AI provides AI software to enable drones to autonomously fly through warehouses, capturing images and inferring critical inventory-related information such as bar codes, text, and empty locations.
This data is then automatically compared with what’s recorded in the warehouse management system (WMS), allowing warehouse managers to access real-time inventory data through a web dashboard
OTHER ROUNDS 🤏
Essential introductions
→ Oriole Networks raises a $12.6M Seed - Data centre solutions to train AI models whilst dramatically reducing energy consumption
→ StealthMole raises a $7M Series A - AI-powered dark web threat intelligence
→ Century Health raises a $2M Pre-Seed - AI to clinical data to uncover new applications for drugs
SHARE THE OFFICE ❤️🔥
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1 referral = 1 entry
2 winners selected on 31st March
Spam entries won’t be counted :P
Share your unique referral link: https://www.chiefaioffice.xyz/subscribe?ref=PLACEHOLDER
BONUS 🔥
For the most curious minds!
In 2023, enterprises spent $1.1B+ on the LLM infra stack—making it the largest new market in generative AI & a massive opportunity for startups
The total funding raised is $10B+ as of March 2024 (excluding $1B+ raises)
Comment for link to the deep dive of this sector
— Chief AI Officer (@chiefaioffice)
8:00 PM • Mar 27, 2024
THAT’S IT FOR TODAY
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Cheif AI Officer (CAIO)
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