📌 16 AI Startups raise $200M+

BONUS: Legal AI Market Map from Battery Ventures

June 06, 2024

TODAY’S RECAP 🗓️

  • Pika raises a $80M Series B — AI video creation

  • Sixfold raises a $15M Series A — AI for insurance underwriting

  • Cartwheel raises a $5.6M Seed — Text-to-3D animation

  • Inventive raises a $6.5M Seed — AI analyst for software products

  • Testsigma raises a $8.2M Round — AI-powered test automation

  • 11 more rounds caught by my funding tracker

Read time: 3 minutes

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TOP PICKS 📢

1/5

Amount: $80M 🎉

Valuation: $470M

Round: Series B

Lead Investor: Spark Capital

Pika is an AI video creation platform powered by their own foundational model.

Pika can generate videos from 3 types of inputs - text, image, video. The platform also offers editing tools like changing the aspect ratio, extending the length of the videos, trimming specific sections, and altering elements within the video, such as character clothing and backgrounds.

2/5

Amount: $15M 🎉

Round: Series A

Lead Investor: Salesforce Ventures

Sixfold is an AI platform to boost underwriting capacity, accuracy, and transparency for insurance companies.

The platform integrates AI to create digital risk models that translate complex underwriting guidelines into actionable insights. It significantly accelerates data collection and processing, increasing the speed and accuracy of risk assessments.

3/5

Amount: $5.6M 🎉

Round: Seed

Lead Investor: Accel

Cartwheel generates 3D animations from text prompts.

Users can further customize their animations by adjusting aspects such as the environment, character movements, and interactions within the scene. The product use cases include video games, movies, advertising, and virtual reality projects.

4/5

Amount: $6.5M 🎉

Round: Seed

Lead Investor: Wing Venture Capital

Inventive embeds a conversational AI copilot in customer-facing software products.

The copilot helps customers analyze data, solve more problems, and take action. This helps product teams save time on ad-hoc customer requests for custom reports and analytics.

5/5

Amount: $8.2M 🎉

Round: Venture Round

Lead Investor: MassMutual Ventures

Testsigma is a test automation platform to create, organise, and execute automated tests for web and mobile applications, and APIs.

Users can quickly create automated tests using natural language inputs, which the platform’s NLP engine translates into executable scripts.

OTHER ROUNDS 🤏

ESSENTIAL INTRODUCTIONS

→ Eko Health raises a $41M Series D — AI-powered heart and lung disease detection

→ Zingly raises a $10M Seed — AI-powered contact centre that replaces 1-800 calls

→ HyperSpectral raises a $8.5M Series A — AI-powered spectral intelligence to illuminate invisible threats in food, beverages, health care, etc

→ Liminal raises a $5M Seed — Security for Generative AI

→ Hoop raises a $5M Seed — AI-powered task management

→ Signapse raises a $2.5M Seed + Grant — AI sign language translator

PITCH DECKS & TOOLS ⚒️

Trending Business Tools

  • Second - AI-powered enterprise codebase maintenance

  • Glean Apps - Build custom generative AI agents securely at scale

  • TextCortex - AI-powered marketing companion that connects with all your apps

BONUS 🔥

FOR CURIOUS MINDS

THAT’S IT FOR TODAY

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