- Chief AI Office
- Posts
- 📌 16 AI Startups raise $600M+
📌 16 AI Startups raise $600M+
BONUS: Ramp Q1 Spending Report
🗓️ Today’s 1 min recap:
Motional raises a $475M Corporate Round → Autonomous robotaxis
Indicium raises a $40M Round → Enterprise AI services
Lamini raises a $25M Seed + Series A → Enterprise LLM development platform
AIBOT raises a $15M Grant → Autonomous aircrafts
AISAP raises a $13M Seed → AI-powered ultrasounds
11 more rounds caught by my funding tracker
Read time: 2.5 minutes
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TOP PICKS 📢
A detailed highlight
Amount: $475M 🎉
Round: Corporate Round
Lead Investor: Hyundai Motor Company
Motional develops autonomous driving technology designed for robotaxi applications.
They are currently working towards launching a fully driverless robotaxi service using Hyundai Ioniq 5 vehicles, hence the investment from them.
Amount: $40M 🎉
Round: Venture Round
Lead Investor: Columbia Capital
Indicium offers end-to-end data and AI services, including strategy, execution, and training to help enterprises efficiently organize and use their data to scale AI adoption.
They provide solutions tailored to specific industries like manufacturing, retail, and financial services.
Amount: $25M 🎉
Round: Seed + Series A
Lead Investor: Amplify Partners, First Round Capital
Lamini provides an enterprise LLM platform that allows companies to develop custom LLMs tailored to their specific data and needs.
The platform supports rapid development cycles, high scalability, and is designed to be infrastructure-agnostic. Key features include optimized JSON decoding and an integrated RAG-fine-tuning framework.
Amount: $15M 🎉
Round: Grant
Lead Investor: Governor’s Office of Business & Economic Development
AIBOT develops AI-driven Electric Vertical Takeoff and Landing (eVTOL) aircrafts designed for both manned and unmanned operations.
These aircraft are intended for various applications, including cargo transport and possibly passenger mobility.
Amount: $13M 🎉
Round: Seed
Lead Investor: Harel Insurance and Financial
AISAP’s Point-of-Care Assisted Diagnosis (POCAD) connects to common ultrasound devices, providing rapid assessment of cardiac health within minutes using AI.
This is aimed at simplifying the use of ultrasound technology by non-specialists.
OTHER ROUNDS 🤏
Essential introductions
→ Bricklayer AI raises a $2.5M Pre-Seed - Build your own AI security agents
→ CellChorus raises a $2.5M Grant - AI to evaluate how individual cells move, behave, and interact
→ Made With Intent raises a $1.9M Seed - AI-powered customer segmentation for e-commerce
→ Potential Motors raises a $1.5M Seed - AI-powered terrain perception for off-road autonomous vehicles
AI PITCH DECKS 🔖
New Pitck Deck: Read AI’s $21M Series A 👇🏼
BONUS 🔥
For the most curious minds!
Ramp just released their Q1 spending report
Here are some interesting insights on AI spend:
1. Top AI vendors by count & mean spend
— Chief AI Officer (@chiefaioffice)
5:22 PM • May 2, 2024
THAT’S IT FOR TODAY
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Cheif AI Officer (CAIO)
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