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- đź“Ś 6 AI Startups raise $170M+
đź“Ś 6 AI Startups raise $170M+
BONUS: The Reflection 70B Fraud Explained
TODAY’S FUNDING RECAP 🗓️
Chai Discovery raises a $30M Seed — AI models for molecular structure prediction
PIN AI raises a $10M Pre-Seed — Decentralized, on-device AI platform
4 more rounds caught by my funding tracker & 2 new pitch decks
Read time: 2 minutes
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TOP PICKS 📢
1/2
Amount: $30M 🎉
Round: Seed
Chai Discovery is building AI foundational models that can predict and reprogram molecular interactions.
They’ve developed "Chai-1," a multi-modal AI model for molecular structure prediction. It performs well in tasks related to drug discovery by predicting the structures of proteins, small molecules, DNA, RNA, covalent modifications, etc.
2/2
Amount: $10M 🎉
Round: Pre-Seed
PIN AI is building a decentralized, on-device AI platform that prioritizes user privacy and data sovereignty.
It allows users to host AI models directly on their devices with user data stored locally. The idea is to turn smartphones and other devices into AI-powered personal assistants that can handle complex tasks across multiple applications without relying on centralized tech giants. Their platform also allows developers to create custom AI agents that can interact with user data securely.
OTHER ROUNDS 🤏
ESSENTIAL INTRODUCTIONS
→ Superluminal Medicines raises a $120M Series A — AI-powered drug discovery
→ CardiaTec raises a $6.5M Seed — AI-powered drug discovery for heart disease
→ Anytime AI raises a $4M Seed — AI legal assistant for plaintiff lawyers
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PITCH DECKS & TOOLS ⚒️
New Pitch Decks
micro1 $3.3M Seed - AI recruiter that screens inbound applicants, interviews them
Blitzy $4.4M Seed - AI copilots to automate coding for custom enterprise software
Skyfire $8.5M Seed - Payment network for AI agents
Trending Business Tools
BONUS 🔥
FOR CURIOUS MINDS
A story about fraud in the AI research community:
On September 5th, Matt Shumer, CEO of OthersideAI, announces to the world that they've made a breakthrough, allowing them to train a mid-size model to top-tier levels of performance. This is huge. If it's real.
It isn't.
— 𝞍 Shin Megami Boson 𝞍 (@shinboson)
12:07 AM • Sep 9, 2024
THAT’S IT FOR TODAY
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