πŸ“Œ 6 AI Startups raise $150M+

BONUS: Assessing the State of the SaaS Capital Markets and Our Predictions for 2024

TODAY’S RECAP πŸ—“οΈ

  • Black Forest Labs raises a $31M Seed β€” AI models for images, video

  • Hedra raises a $10M Seed β€” AI video model to generate characters

  • Healx raises a $47M Series C β€” Drug discovery for rare diseases

  • 3 more rounds caught by my funding tracker

Read time: 2 minutes

TOGETHER WITH CREATE

Chief AI Office: Create MVPs, prototypes, AI tools, landing pages, ABM collateral, and more without writing a single line of code.

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Create is growing fast β€” 140k projects, +1k new projects/day

TOP PICKS πŸ“’

1/3

Amount: $31M πŸŽ‰

Round: Seed

Lead Investor: Andreessen Horowitz

Black Forest Labs is building state-of-the-art generative models for images and videos.

They just released their first product FLUX.1, a suite of text-to-image models. These models set new standards in image detail, prompt adherence, style diversity, and scene complexity for text-to-image synthesis.

Notably, the founders are the creators of Stable Diffusion and will be launching a text-to-video model next.

2/3

Amount: $10M πŸŽ‰

Round: Seed

Lead Investor: A16Z GAMES Speedrun, Abstract Ventures, Index Ventures

Hedra is building video foundational models.

Their primary product is Character-1, the fastest video foundation model. It offers speed and expressive control for generating character-centric videos, enabling content creators and marketers to produce long-form, high-quality videos. The platform integrates story, sound, and video generation, facilitating the creation of customizable digital avatars and characters.

Notably, Hedra has more than 350,000 users who have created over 1.6M video generations since their launch in June.

3/3

Amount: $47M πŸŽ‰

Round: Series C

Lead Investor: Atomico, R42 Group

Healx uses AI to identify potential drugs for rare diseases by analyzing public and proprietary data sources.

Their platform creates a biomedical knowledge graph that reveals hidden connections between existing chemical compounds and rare diseases. Healx's approach involves understanding complex biological disease signatures and matching them with suitable small molecules through computational techniques such as virtual screens and generative chemistry. This method contrasts with traditional drug discovery, which typically focuses on a single molecular target for a disease.

OTHER ROUNDS 🀏

ESSENTIAL INTRODUCTIONS

β†’ Protect AI raises a $60M Series B β€” LLM security platform

β†’ Wisedocs raises a $3.25M Round β€” AI platform to review medical records

β†’ Global Predictions raises a $2M Seed β€” AI-powered personal financial advisory

PITCH DECKS & TOOLS βš’οΈ

New Pitch Decks

Trending Business Tools

  • Leap - AI automation for marketing and sales

  • Synthflow - Build voice AI agents for sales outreach, support & more

  • GPTZero - AI detector for ChatGPT, LLMs

BONUS πŸ”₯

FOR CURIOUS MINDS

THAT’S IT FOR TODAY

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