📌 8 AI Startups raise $700M+

BONUS: AI Progress To Watch in 2025 From Scale AI CEO

December 13, 2024

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TODAY’S FUNDING RECAP 🗓️

  • Cartesia raises a $27M Seed — Multimodal AI research

  • Vapi raises a $20M Series A — Voice AI agents

  • IP Copilot raises a $4.2M Seed — Patent discovery in Slack

  • Twelve Labs raises a $30M Round — AI to understand videos

  • 4 more rounds caught by my funding tracker

Read time: 2 minutes

INVEST IN ART

Billionaires wanted it, but 66,930 everyday investors got it first.

When incredibly valuable assets come up for sale, it's typically the wealthiest people that end up taking home an amazing investment. But not always…

One platform is taking on the billionaires at their own game, buying up and securitizing some of the most prized blue-chip artworks for its investors.

It's called Masterworks. Their nearly $1 billion collection includes works by greats like Banksy, Picasso, and Basquiat. When Masterworks sells a painting – like the 23 it's already sold – investors reap their portion of the net proceeds.

In just the last few years, Masterworks investors have realized net annualized returns like +17.6%, +17.8%, and +21.5% (from 3 illustrative sales held longer than one year).

Past performance not indicative of future returns. Investing Involves Risk. See Important Disclosures at masterworks.com/cd.

TOP PICKS 📢

1/4

Amount: $27M 🎉

Round: Seed

Lead Investor: Index Ventures

Cartesia is an AI research company building real-time multimodal models with long memory.

Their flagship product Sonic is a text-to-speech model for low-latency, real-time applications like AI assistants and voice agents. Sonic can run locally without an internet connection and offers controllability features like emotion, speed, and prompting.

Cartesia uses a new architecture known as state space models (SSM) which has better long-term memory, lower latency, and the ability to run locally.

2/4

Amount: $20M 🎉

Valuation: $130M

Round: Series A

Lead Investor: Bessemer Venture Partners

Vapi is a developer platform to create and deploy AI voice agents.

Its flexible API allows businesses to design custom conversation flows, integrate with CRMs and EHRs, and embed voice agents into existing enterprise telephony systems.

3/4

Amount: $4.2M 🎉

Round: Seed

Lead Investor: Salesforce Ventures, Preface Ventures

IP Copilot uses AI to help enterprises discover and manage intellectual property.

Its platform integrates with tools like Slack and Jira to monitor public channels and identify potentially patentable ideas in real-time. The platform automatically categorizes and prioritizes the best candidates for patents, enabling IP legal teams to focus on the most promising ideas.

4/4

Amount: $30M 🎉

Round: Series A-2

Twelve Labs offers multimodal AI models to understand videos.

Their flagship products are available through an API:

  • Marengo 2.7 model: search any content (video, image, audio) from text or image input

  • Pegasus-1 model: generates descriptive text from video input

OTHER ROUNDS 🤏

ESSENTIAL INTRODUCTIONS

→ Crusoe raises a $600M Series D — AI data centre and GPU cloud

→ Anybotics raises a $60M Series B-2 — Autonomous robots for industrial inspection

→ Truewind raises a $13M Series A — AI staff accountant

→ Pin raises a $3M Seed — AI-powered recruitment sourcing

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