- Chief AI Office
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- 📌 8 AI Startups raise $900M+
📌 8 AI Startups raise $900M+
BONUS: AI Index
TODAY’S RECAP 🗓️
Formation Bio raises a $372M Series D — AI-powered drug development
Ario raises a $16M Seed — AI assistant for parents
Fetcherr raises a $90M Series B — Pricing engine for airlines
Sensi AI raises a $31M Series B — AI care agent
4 more rounds caught by my funding tracker
Read time: 3 minutes
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TOP PICKS 📢
1/4
Amount: $372M 🎉
Round: Series D
Lead Investor: Andreessen Horowitz
Formation Bio is an AI platform to enhance the drug development process.
They acquire clinical-stage drugs discovered by pharmaceutical and biotech companies and utilize their advanced AI-driven drug development engine to expedite the clinical trial process.
Notably, they’ve supported 300+ trials across 10+ therapeutic areas.
2/4
Amount: $16M 🎉
Round: Seed
Ario is an AI assistant for parents.
It helps manage household tasks by connecting to apps like Amazon, DoorDash, Google Calendar, and X which gives Ario an understanding of the user’s lifestyle and routines.
This enables it to provide personalized, intelligent actions, such as adding school schedules to calendars, identifying and resolving schedule conflicts, managing Amazon returns, creating custom vacation itineraries, and offering personalized meal-planning tips.
3/4
Amount: $90M 🎉
Round: Series B
Lead Investor: Battery Ventures
Fetcherr has developed a generative AI pricing, inventory, and publishing engine for the airline industry.
Known as the Large Market Model (LMM), it includes the Generative Pricing Engine (GPE) and the Generative Inventory Engine (GIE). It predicts market demand and trends and automates processes from pricing to publishing, directly updating fares on airline websites in real-time.
4/4
Amount: $31M 🎉
Round: Series B
Lead Investor: Insight Partners, Zeev Ventures
Sensi AI is an AI care agent that monitors seniors 24/7.
The agent uses audio analytics to detect unusual activity or emergencies, such as falls or sudden health changes, and alerts caregivers or family members immediately with recommended actions.
OTHER ROUNDS 🤏
ESSENTIAL INTRODUCTIONS
→ CData raises a $350M Round — Enterprise data connectivity
→ Onehouse raises a $35M Series B — Data Lakehouse
→ Ora Protocol raises a $20M Round — Decentralized AI infrastructure to tokenize AI models
→ Sonia raises a $3.35M Round — AI therapist
PITCH DECKS & TOOLS ⚒️
New Pitch Decks
Zing Coach $10M Series A - AI fitness coach to personalize health and fitness training plans
Decagon $35M Series A - AI customer support agents for enterprises
Trending Business Tools
BONUS 🔥
FOR CURIOUS MINDS
Flybridge, a VC firm with over $1B AUM, created the AI Index.
- An equally weighted index of 28 public companies in AI
Returns? 116% from Jan'23 to May'24
It's outperforming the S&P500, NASDAQ, Bessemer Cloud Index & the F-Prime Fintech Index
28 Companies + multiples:
— Chief AI Officer (@chiefaioffice)
11:21 PM • Jun 26, 2024
THAT’S IT FOR TODAY
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