📌 2 AI Startups raise $65M

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TODAY’S RECAP 🗓️

  • Enveda Biosciences raises a $55M Series B — AI for drug discovery

  • Perplexity raises a $10M Round — AI-powered search engine

Read time: 1 minute

TOGETHER WITH RYSE

Only a couple days left to invest in this smart home startup.

The ball-park isn’t the only place to look for home runs. Best Buy has a proven record of placing early bets on home-tech products that go on to dominate the market.

  • Ring - acquired by Amazon for $1.2B

  • Nest - acquired by Google for $3.2B

Early investors in these companies are sitting on some serious returns - but for the rest of us, there's still a chance to get in on the action with RYSE.

History tends to repeat itself, and RYSE's launch in +100 Best Buys points towards their company being the next home run.

Their Smart Shade tech is poised to dominate an industry growing at 50% annually, and there's still time to invest in their $1.50/share public offering.

TOP PICKS 📢

1/2

Amount: $55M 🎉

Round: Series B

Enveda's platform combines LLMs, metabolomics, and robotics to explore nature’s chemical space and identify active molecules.

This platform acts as an advanced drug discovery search engine, capable of predicting novel chemistry at scale and rapidly identifying promising drug candidates.

2/2

Amount: $10M 🎉

Round: Corporate Round

Lead Investor: SK Telecom

Perplexity is an "answer engine" that provides narrative answers with citations powered by LLMs.

The collaboration will focus on integrating AI search into SK Telecom's AI personal assistant platform. Additionally, SK Telecom will provide Korean data and cultural content information to Perplexity to improve Korean search performance.

FROM CHIEF AI OFFICER

Chief AI Office: The most comprehensive database of 900+ funding rounds in AI this year.

The database comes curated with:

  • Round information

  • Investor information

  • Enhanced company descriptions written with GPT-4o

→ Download it now — Companies are using this for sales leads, research, investor outreach & a lot more

OTHER ROUNDS 🤏

ESSENTIAL INTRODUCTIONS

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