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- 📌 6 AI Startups raise $1.5B+
📌 6 AI Startups raise $1.5B+
BONUS: ChatGPT App Revenue
TODAY’S FUNDING RECAP 🗓️
Napkin AI raises a $10M Seed — Text to visuals for presentations
Anduril raises a $1.5B Series F — Autonomous defence systems
Mechanical Orchard raises a $50M Series B — AI to modernize legacy apps
3 more rounds caught by my funding tracker
Read time: 2 minutes
TOGETHER WITH BARDEEN
Bardeen is the first Business Ready AI agent for repetitive knowledge work.
Companies like Deel, Miro, and Kearney trust Bardeen to automate sales, operations, and marketing workflows in minutes using the intuitive language interface.
TOP PICKS 📢
1/3
Amount: $10M 🎉
Round: Seed
Lead Investor: Accel, CRV
Napkin AI converts text into visuals using AI for business storytelling.
Users input text content, which Napkin then transforms into various visual formats such as flow charts, pie charts, mind maps, Venn diagrams, and more. Users can also customize visuals to match brand guidelines by adjusting fonts, colours, shapes, and designs.
The tool integrates with popular platforms like Google Docs, Slides, Microsoft Word, PowerPoint, Canva, Slack, and more to incorporate visuals into existing workflows.
2/3
Amount: $1.5B 🎉
Valuation: $14B
Round: Series F
Lead Investor: Founders Fund, Sands Capital Ventures
Anduril develops autonomous systems that leverage AI and computer vision to monitor and manage various warfare domains, including air, space, land, and sea.
Their products include the Lattice AI platform, which integrates data from different sensors to provide situational awareness and the Ghost 4 drone, an autonomous surveillance aircraft capable of real-time data processing and threat detection.
They also announced they’ll be building a 5M+ square foot manufacturing facility designed to hyperscale defence manufacturing.
3/3
Amount: $50M 🎉
Round: Series B
Lead Investor: Google Ventures
Mechanical Orchard rebuilds complex, legacy systems into modern, cloud-hosted applications using AI.
Their approach involves reverse-engineering a cloud-based copy of existing systems and iteratively delivering working software into the production environment. This method ensures continuous proof of successful migration, enhancing the speed, quality, and safety of the transition process.
OTHER ROUNDS 🤏
ESSENTIAL INTRODUCTIONS
→ Datch raises a $15M Series A — AI-powered asset management for manufacturing
→ DC Connected raises a $2.3M Seed — AI-powered virtual car technician
→ Filmustage raises a $1.5M Seed — AI to analyse pre-production film scripts
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PITCH DECKS & TOOLS ⚒️
New Pitch Decks
Momentum $13.5M Series A - AI to record and analyze sales and customer calls
Lakera AI $20M Series A - GenAI security platform
Thoughtful AI $20M Series A - AI agents for healthcare operations
Trending Business Tools
BONUS 🔥
FOR CURIOUS MINDS
How much the ChatGPT app makes/month:
May: $20.2M
June: $23.8M
Jul: $27.9MThat's $300M+ ARR from just the app.
— Chief AI Officer (@chiefaioffice)
10:42 AM • Aug 8, 2024
THAT’S IT FOR TODAY
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Cheif AI Officer (CAIO)
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