📌 16 AI Startups raise $600M+

TODAY’S RECAP 🗓️

• EvolutionaryScale raises a $140M Seed — AI models for proteins

• Etched raises a $120M Series A — AI chip for transformer models

• Norm AI raises a $27M Series A — AI agents for compliance teams

• Stability AI raises a $80M Round — AI model development

• Created by Humans raises a $5M Round — AI rights licensing

• 11 more rounds caught by my funding tracker

Read time: 3 minutes

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TOP PICKS 📢

1/5

→ EvolutionaryScale

Amount: $142M 🎉

Round: Seed

Lead Investor: Daniel Gross, Lux Capital, Nat Friedman

EvolutionaryScale builds generative language models for proteins.

They’ve trained ESM3, the largest biological language model to date which they used to discover a new fluorescent protein that is responsible for the glowing of Jellyfish.

The model was trained on a dataset of 2.78B proteins and can reason over the sequence, structure and function of proteins.

2/5

→ Etched

Amount: $120M 🎉

Round: Series A

Lead Investor: Positive Sum, Primary Venture Partners

Etched has developed Sohu, the world's first AI chip (ASIC) for running transformer models.

One 8xSohu server can serve over 500,000 Llama 70B tokens per second, offering an order of magnitude improvement in speed and cost efficiency compared to traditional GPUs.

3/5

→ Norm AI

Amount: $27M 🎉

Round: Series A

Lead Investor: Coatue

Norm AI converts regulations and corporate policies into decision trees, which are then transformed into executable computer programs called Regulatory AI Agents.

The platform supports various regulatory assessments and provides clear, actionable explanations for compliance findings, allowing users to self-serve initial compliance reviews and finalize content evaluations quickly.

4/5

→ Stability AI

Amount: $80M 🎉

Round: Venture Round

Stability AI develops AI models, with its most notable product being the Stable Diffusion image generator.

The funding acts as a lifeline for the company which has faced significant financial struggles, including mounting debt and disappointing revenue figures.

These financial challenges led to a leadership change, with Prem Akkaraju, former CEO of Weta Digital, stepping in as the new CEO.

5/5

→ Created by Humans

Amount: $5M 🎉

Round: Venture Round

Lead Investor: Craft Ventures, Floodgate Fund

Created by Humans is building an AI rights licensing platform that allows authors and creators to license their work to AI companies for training purposes.

The platform offers tools to monitor the usage of their content, request takedowns of unauthorized use, and set limitations on how their material can be used in AI models.

OTHER ROUNDS 🤏

ESSENTIAL INTRODUCTIONS

→ Bright Machines raises a $106M Series C — AI-powered manufacturing and robotics

→ Prewave raises a $67M Series B — AI-powered supply chain risk platform

→ LiveEO raises a $27M Series B — AI-powered satellite data to manage climate risk

→ Affinda raises a $10M Round — Document processing workflows with AI

→ Upword raises a $3M Pre-Seed — AI research assistant

6 more rounds in the Funding Database →

PITCH DECKS & TOOLS ⚒️

New Pitch Decks

• Zing Coach $10M Series A - AI fitness coach to personalize health and fitness training plans

• Decagon $35M Series A - AI customer support agents for enterprises

• Haz $1.4M Pre-Seed - AI-powered social commerce

Browse more AI pitch decks →

Trending Business Tools

• Devv - The search engine for developers

• Otto - AI in tables. Automate thousands of tasks in minutes

• Olvy - Customer feedback analysis with AI

BONUS 🔥

FOR CURIOUS MINDS

THAT’S IT FOR TODAY

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