- Chief AI Office
- Posts
- 📌 21 AI Startups raise $1.2B+
📌 21 AI Startups raise $1.2B+
BONUS: Databricks Strategy Map
🗓️ Today’s 1 min recap:
Abound raises a $1B Series B + Debt — AI-powered consumer lending
Atlan raises a $105M Series C — Data and AI governance platform
DatologyAI raises a $46M Series A — Automated training data curation
RunPod raises a $20M Seed — GPU cloud platform
Luzia raises a $19M Round — Personal AI assistant
16 more rounds caught by my funding tracker
Read time: 3 minutes
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TOP PICKS 📢
A detailed highlight
Amount: $1B 🎉
Round: Series B + Debt
Lead Investor: GSR Ventures
Abound is an AI-powered lending platform that analyzes bank transaction data for personalized loan assessments.
Amount: $105M 🎉
Valuation: $750M
Round: Series C
Lead Investor: GIC, Meritech Capital Partners
Atlan is an AI governance platform that provides a data collaboration workspace designed to act as a central hub for data teams.
It integrates various data sources and tools into a single interface, facilitating better communication, workflow automation, and comprehensive data governance.
Notably, the company had a 400% enterprise sales growth in Q1 2024, as demand for AI data readiness and governance skyrocketed.
Amount: $46M 🎉
Round: Series A
Lead Investor: Felicis
DatologyAI builds tools to automatically curate training datasets.
Their platform helps train models faster, get better performance and enables smaller models to achieve competitive performance with larger models.
Amount: $20M 🎉
Round: Seed
Lead Investor: Dell Technologies Capital, Intel Capital
RunPod is a globally distributed GPU cloud platform that allows developers to develop, train, and scale AI applications.
Using RunPod’s two core products, GPU Cloud and Serverless, developers can spin up an on-demand GPU instance in a few clicks and create autoscaling API endpoints for scaling inference on AI models in production.
Amount: $19M 🎉
Round: Venture Round
Lead Investor: monashees
Luzia is a personal AI assistant that aids users with everyday tasks, inquiries, and casual conversations.
Luzia understands and responds to simple voice or text commands. The free platform is available through its app, WhatsApp, Telegram and serves 40 million users.
OTHER ROUNDS 🤏
Essential introductions
→ Lucid Bots raises a $9.1M Series A — Autonomous robots to clean windows and building exteriors
→ In-House Health raises a $4M Seed — AI-powered scheduling and management platform for nursing teams
→ Superfy raises a $2M Round — AI-powered social network that matches users with people who can answer their question
→ Checkfirst raises a $1.5M Pre-Seed — AI-powered inspections and scheduling for businesses
→ Mavarick AI raises a $1.4M Pre-Seed — Enables sustainable manufacturing using AI-powered management and optimisation
AI PITCH DECKS 🔖
New Pitck Deck: Read AI’s $21M Series A 👇🏼
BONUS 🔥
For the most curious minds!
Databricks is riding the AI wave.
The company’s revenue grew to $1.6B — up over 50% YoY — & it has looked to sustain its growth with product expansion, investments, M&A.
- Its biggest move was its acquisition of MosaicML for $1.3B (65x revenue)
Here's their strategy map:
— Chief AI Officer (@chiefaioffice)
2:54 PM • May 8, 2024
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Cheers,
Cheif AI Officer (CAIO)
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