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- 📌 9 AI Startups raise $260M+
📌 9 AI Startups raise $260M+
BONUS: Viewpoints from a former Nvidia Employee
🗓️ Today’s 1 min recap:
Zephyr AI raises a $111M Series A to democratize precision medicine
Together AI raises a $106M Series A-2 for its LLM deployment and hosting platform
CureSkin raises a $20M Series B for its dermatology app
RapidCanvas raises a $7.5M Seed for its no-code model-building platform
Big Sur AI raises $6.9M Seed for its e-commerce sales agent
4 more rounds caught by my funding tracker
Read time: 3 minutes
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A detailed highlight
Amount: $111M 🎉
Round: Series A
Lead Investor: Revolution Growth, Eli Lilly & Company, Jeff Skoll, EPIQ Capital Group
Zephyr AI aims to democratize precision medicine through advanced AI algorithms.
They develop data federation tools and ML algorithms for oncology and cardiometabolic disease. The goal is to enhance analytical speed, expand training/validation datasets, and transform precision medicine to improve outcomes.
Amount: $106M 🎉
Valuation: $1.25B
Round: Series A-2
Lead Investor: Salesforce Ventures
Together AI offers a cloud-based platform for AI workloads that provides:
Access to GPUs for running LLMs
Tools and services for developing and deploying LLMs into applications
Endpoints for Open-source LLMs
Notably, the company has over 45,000 developers registered with traffic growing 3x MoM.
Amount: $20M 🎉
Round: Series B
Lead Investor: HealthQuad
Cureskin offers an AI-powered dermatology platform through a mobile app.
Their mobile app analyzes users' skin and hair using photo analysis and identifies up to 2,000 facial attributes to understand skin concerns. It then recommends personalized skin and hair care solutions along with guidance from experts and dermatologist follow-ups.
Notably, the company has served over 1.5 million customers.
Amount: $7.5M 🎉
Round: Seed
Lead Investor: Accel
RapidCanvas offers an end-to-end platform, AutoAI, that facilitates the creation of AI models without coding.
It features a conversational interface for user interaction, automated data preparation, model recommendation systems, and no-code builders for integrating AI-driven insights into business operations.
Amount: $6.9M 🎉
Round: Seed
Lead Investor: Lightspeed Venture Partners
Big Sur AI offers an AI-powered platform for e-commerce merchants.
Their flagship product, the AI Sales Agent, provides enhanced product discovery and assisted shopping experiences to online shoppers. This aims to boost merchants' sales through higher conversion rates and larger order sizes.
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BONUS 🔥
For the most curious minds!
Interesting viewpoints from a Former $NVDA employee on AI infrastructure:
1. He sees bottlenecks in the supply chain, with $TSM and other companies essentially having a monopoly.
2. You have a few big companies training their own LLM models, and then you have smaller companies… twitter.com/i/web/status/1…
— Rihard Jarc (@RihardJarc)
4:21 PM • Mar 13, 2024
THAT’S IT FOR TODAY
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