📌 17 AI Startups raise $300M+

BONUS: AGI thoughts from Ex-OpenAI researcher

June 05, 2024

TODAY’S RECAP 🗓️

  • Twelve Labs raises a $50M Series A — Multimodal AI models to understand videos

  • GetWhy A/S raises a $34.5M Series A — AI-powered consumer research

  • LiveKit raises a $22.5M Series A — Infrastructure to build real-time AI voice and video applications

  • Sword Health raises a $130M Round — AI-powered physical therapy

  • Vantage Discovery raises a $16M Series A — Semantic search for e-commerce brands

  • 12 more rounds caught by my funding tracker

Read time: 3 minutes

TOGETHER WITH THOUGHTLY

Chief AI Office: Thoughtly secures funding from Afore Capital, Greycroft, Expansion, and other top investors.

Their AI phone agents, deployable in just minutes, are transforming contact centers across industries with both self-service deployments and white glove via their agent accelerator program.

TOP PICKS 📢

1/5

Amount: $50M 🎉

Round: Series A

Lead Investor: New Enterprise Associates, NVentures

Twelve Labs offers multimodal AI models to understand videos.

Their flagship products available through an API:

  • Marengo 2.6 model: search any content (video, image, audio) from text or image input

  • Pegasus-1 model: generates descriptive text from video input

2/5

Amount: $34.5M 🎉

Round: Series A

Lead Investor: PeakSpan Capital

GetWhy is an AI-powered consumer research platform to conduct and analyze qualitative consumer insights.

The platform uses an AI to process human interviews captured via video, delivering high-quality insights at a fraction of the cost and time compared to traditional methods.

Notable customers include Nike, Heineken, Coca-Cola, Adidas, etc.

3/5

Amount: $22.5M 🎉

Round: Series A

Lead Investor: Altimeter Capital

LiveKit provides open-source infrastructure to build real-time AI voice and video applications.

The platform is designed to handle the rapid high-bandwidth data transfer required for these real-time applications.

Notable customers include OpenAI, Character AI, etc.

4/5

Amount: $130M 🎉

Valuation: $3B

Round: Venture Round + Secondary

Sword Health is an AI-powered virtual physical therapy platform.

The service provides patients with remote access to physical therapy sessions guided by a combination of human therapists and AI tools. Their AI tools track patient movements, provide real-time feedback and personalise therapy plans.

5/5

Amount: $16M 🎉

Round: Series A

Lead Investor: Lobby Capital

Vantage Discover uses AI to create semantic search, product discovery experiences, and personalized recommendations for e-commerce brands.

Their platform allows customers to find products with natural language queries and visual similarities. It also integrates with social media to deliver personalized shopping recommendations based on users' interests and past interactions.

OTHER ROUNDS 🤏

ESSENTIAL INTRODUCTIONS

→ Storyblok raises a $80M Series C — AI-powered content management system for enterprises

→ Vilya raises a $71M Series A — AI-powered drug discovery

→ Neople raises a $6.5M Seed — AI co-workers for e-commerce customer support

→ AirMDR raises a $5M Round — AI-powered virtual analyst for managed detection and response (MDR)

→ CaseMark raises a $1.7M Seed — AI-powered deposition summaries

PITCH DECKS & TOOLS ⚒️

Trending Business Tools

  • Coda Brain - Your team’s favourite know-it-all

  • Voicenotes - Notetaker that transcribes and provides info on your thoughts (from the founders of Buy Me a Coffee)

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

BONUS 🔥

FOR CURIOUS MINDS

THAT’S IT FOR TODAY

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