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- 📌 16 AI Startups raise $300M+
📌 16 AI Startups raise $300M+
BONUS: Devin Tested
🗓️ Today’s 1 min recap:
Physical Intelligence raises a $70M Seed to build robotic foundational models
Empathy raises a $47M Series B for its bereavement platform
CodaMetrix raises a $40M Series B for its medical coding platform
NanoNets raises a $29M Series B for its no-code workflow automation platform
Cognition raises $21M Series A for its fully autonomous software engineer
Tavus raises a $18M Series A for its personalized video platform
10 more rounds caught by my funding tracker
Read time: 4 minutes
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TOP PICKS 📢
A detailed highlight
Amount: $70M 🎉
Round: Seed
Lead Investor: Khosla Ventures, Lux Capital, OpenAI, Sequoia Capital, and Thrive Capital
Physical Intelligence is bringing general-purpose AI into the physical world.
They are a group of engineers, scientists, roboticists, and company builders developing foundation models and learning algorithms to power the robots of today and the future.
Amount: $47M 🎉
Valuation: $400M
Round: Series B
Lead Investor: Index Ventures
Empathy offers a platform that combines AI with human guidance to assist in various aspects of bereavement.
This includes anything from counselling and writing obituaries to automating the shutdown of the deceased's cloud services and handling complex financial affairs.
Notably, Empathy reduces time and effort spent on logistics by 82%.
Amount: $40M 🎉
Round: Series B
Lead Investor: Transformation Capital
CodaMetrix offers an AI-powered platform for efficient and reliable medical coding, targeting a $20B annual market.
The platform is used by over a dozen leading healthcare systems, aiming to enhance coding quality, generate clinically enriched claims data and reduce care costs.
The company currently serves over 200 hospitals and 50,000 providers.
Amount: $29M 🎉
Round: Series B
Lead Investor: Accel
Nanonets offers a no-code AI workflow automation platform that can extract actionable insights from documents, emails, and databases, significantly improving efficiency in accounts payable, supply chain optimization, and other areas.
The company has seen a 3x revenue increase YoY and serves over 10,000 customers globally.
Amount: $21M 🎉
Round: Series A
Lead Investor: Founders Fund
Cognition AI is developing a fully autonomous AI software engineer, Devin, that can perform complex coding tasks, from bug fixing to building and deploying applications.
I highly recommend checking out the demos here.
An evaluation on SWE-bench, a challenging benchmark to resolve real-world GitHub issues found in open-source projects, Devin correctly resolves 13.86% of the issues end-to-end, far exceeding the previous state-of-the-art of 1.96%.
Amount: $18M 🎉
Valuation: $80M
Round: Series A
Lead Investor: Scale Venture Partners
Tavus enables the creation of realistic, personalized video campaigns through a user-friendly, no-code platform.
Businesses can customise faces, voices, and content, without the need for expensive production or advanced technical skill.
The company also launched its developer API to integrate Tavus into their own applications.
OTHER ROUNDS 🤏
Essential introductions
→ Tierra Biosciences raises a $11.4M Series A - AI-guided cell-free technology for custom protein synthesis
→ Paraspot AI raises a $1.32M Seed - AI-powered inspections for real estate
SHARE THE OFFICE ❤️🔥
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BONUS 🔥
For the most curious minds!
i never believe recorded demos so I reached out to the @cognition_labs team for early access to try for myself and got it!
will be sharing my unfiltered opinions on #devin here.
🧵🧵 1/n
— Andrew Kean Gao (@itsandrewgao)
3:42 PM • Mar 12, 2024
THAT’S IT FOR TODAY
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Cheif AI Officer (CAIO)
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