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- 📌 9 AI Startups raise $675M+
📌 9 AI Startups raise $675M+
BONUS: New Intel AI Chip
🗓️ Today’s 1 min recap:
Cyera raises a $300M Series C for its data security platform
Terminus Group raises a $276M Series D for its smart city solutions
Symbolica raises a $33M Seed to build symbolic AI models
Sprinto raises a $20M Series B for its automated security compliance management platform
Reshape raises a $20M Series A to automate visual lab experiments
4 more rounds caught by my funding tracker
Read time: 2 minutes
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TOP PICKS 📢
A detailed highlight
Amount: $300M 🎉
Valuation: $1.4B
Round: Series C
Lead Investor: Coatue
Cyera offers a data security platform that helps businesses find and protect their data.
Their platform uses AI/ML to find data across an organization's systems, regardless of where it is stored. It also helps understand the movement of all the data in their networks — critical for taking the right steps to secure that data, whether to defend against cyberattacks or to keep it from inadvertently leaking into an LLM.
Amount: $276M 🎉
Round: Series D
Lead Investor: AL Capital
Terminus Group is a Chinese startup that offers smart city solutions that integrate AI and IoT.
These solutions involve data collection, analysis, and visualization to optimize various aspects of urban environments, such as traffic management, energy efficiency, and public safety.
Amount: $33M 🎉
Round: Series A
Lead Investor: Khosla Ventures
Symbolica is developing symbolic AI models using structured mathematics, diverging from the Transformer approach. The aim is to get better performance using less overall compute.
Their product is a toolkit for creating symbolic AI models and models pre-trained for specific tasks, including generating code and proving mathematical theorems.
Amount: $20M 🎉
Round: Series B
Lead Investor: Accel
Sprinto automates security compliance management, integrating intelligent automation and AI to streamline and clarify risk and compliance processes for businesses.
The platform helps businesses comply with regulations like SOC 2 and GDPR and automate tasks such as vendor risk management and evidence collection.
Amount: $20M 🎉
Round: Series A
Lead Investor: Astanor Ventures
Reshape offers a platform that uses AI and robotics to automate lab experiments that require visual inspections.
This platform supports continuous operation, allowing researchers to conduct and observe experiments around the clock without the need for constant human supervision.
OTHER ROUNDS 🤏
Essential introductions
→ Procurement Sciences AI raises a $10M Series A - AI-powered government contracting intelligence platform
→ Leash Biosciences raises a $9.3M Seed - AI-driven medicinal chemistry
BONUS 🔥
For the most curious minds!
Intel just unveiled their next-gen AI processing chip Gaudi 3.
Here's how it stacks up against the NVIDIA H100:
1. Time-to-train
— Chief AI Officer (@chiefaioffice)
5:33 PM • Apr 9, 2024
THAT’S IT FOR TODAY
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Cheif AI Officer (CAIO)
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