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- 📌 16 AI Startups raise $400M+
📌 16 AI Startups raise $400M+
BONUS: How Much Marketplaces Make
In partnership with
TODAY’S RECAP 🗓️
Genspark raises a $60M Seed — Search engine
Factory raises a $15M Series A — AI agents for software development
Decagon raises a $35M Series A — AI agents for customer support
CuspAI raises a $30M Seed — Search engine for material design
Waabi raises a $200M Series B — Autonomous driving for trucks
11 more rounds caught by my funding tracker
Read time: 2 minutes
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TOP PICKS 📢
1/5
Amount: $60M 🎉
Valuation: $260M
Round: Seed
Lead Investor: Lanchi Ventures
Genspark is a search engine that generates custom pages (called Sparkpages) based on user queries.
They use a multi-agent framework to synthesise content and create a highly personalized search experience.
Each Sparkpage features a built-in AI copilot that assists users in expanding their knowledge by responding dynamically to inquiries, eliminating the need for multiple tabs and context switching.
2/5
Amount: $15M 🎉
Valuation: $120M
Round: Series A
Lead Investor: Sequoia Capital
Factory offers a suite of autonomous AI systems called Droids to automate the software development lifecycle.
These Droids handle specific tasks such as code review, testing, documentation, and project management.
Factory’s Droids have also demonstrated state-of-the-art performance on coding benchmarks, beating Devin from Cognition.
3/5
Amount: $35M 🎉
Round: Series A
Lead Investor: Accel
Decagon offers AI agents to handle enterprise customer support with human-like precision.
These agents go beyond answering queries; they can process refunds, postpone shipments, and integrate into existing workflows.
4/5
Amount: $30M 🎉
Round: Seed
Lead Investor: Hoxton Ventures
CuspAI uses generative AI, deep learning, and molecular simulation to streamline the material design process.
The platform acts like a search engine for materials, allowing users to specify desired properties for new materials. This capability enables the rapid generation and evaluation of novel structures.
5/5
Amount: $200M 🎉
Round: Series B
Lead Investor: Khosla Ventures, Uber
Waabi's main product is the Waabi Driver, an autonomous driving system for trucks.
The system uses a new generation of foundation models that perceive the world, create interpretable abstractions, and reason to find optimal actions.
OTHER ROUNDS 🤏
ESSENTIAL INTRODUCTIONS
→ Butterflies raises a $4.8M Seed — Create, chat, and hang out with AI characters
→ Proofs raises a $2.6M Pre-Seed — AI agents for APIs
→ GreyLabs AI raises a $1.6M Seed — AI-powered speech and text analytics
→ Fractile raises an undisclosed Seed — Chips to run LLMs
PITCH DECKS & TOOLS ⚒️
New Pitch Decks
Light $13M Seed - AI-powered general ledger
Anterior $20M Series A - AI copilot to gather and analyze necessary medical documentation required by insurance
Trending Business Tools
BONUS 🔥
FOR CURIOUS MINDS
Airbnb, Uber, and Etsy are all billion dollar marketplaces.
Have you ever wondered what they make on each transaction?
Here’s a comprehensive list of marketplace Take Rates.
— CJ Gustafson (@cjgustafson222)
12:31 PM • Jun 18, 2024
THAT’S IT FOR TODAY
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