📌 AI Startups raise $100M+

Today’s 1 min recap:

• Luma AI raises a $43M Series B for text-to-3D models

• Parag Agrawal, Former Twitter CEO, raises a $30M Seed for developer focussed LLMs

• Contents.com raises a $18M Series B for multi-lingual content generation

• AI Arena raises a $6M Series A for games with AI-powered characters

• CharacterX raises a $2.8M Seed for a decentralized AI social network

Together with IMAGINE AI LIVE 24

The world's first Enterprise AI conference: March 27-28, 2024

Imagine AI Live, the world's first cross-industry conference on Enterprise AI, is set to take place on March 27-28, 2024, at the Fontainebleau Las Vegas.

This two-day event offers a unique opportunity to connect with global AI leaders and discover the best enterprise-grade AI tools.

The conference will feature:

• Live demonstrations.

• Immersive sessions on topics such as AI Creative Flow Automation, personalizing user experience with AI, and the future of work with AI.

• Luminary speakers from the generative AI scene.

Whether you're an AI company looking to showcase your innovations or a VC seeking the next big thing in AI, Imagine AI Live is an unmissable event.

→ Secure your spot today and be part of the conversation shaping the future of Enterprise AI.

Top picks

A detailed highlight

Luma AI

Amount: $43M 🎉

Valuation: $200M - $300M

Round: Series B

Lead Investor: Andreessen Horowitz

Luma's mission is to evolve its technology to enable the creation of 3D models using AI.

Their first offering was a smartphone app that allowed users to capture objects in 3D without additional equipment. Their current focus is on developing AI models capable of generating 3D objects from text descriptions, starting with their model 'Genie'. These models aim to generate coherent and usable outputs in 3D spaces with improved fidelity.

Agrawal's AI initiative

Amount: $30M 🎉

Round: Seed

Lead Investor: Khosla Ventures

Parag Agrawal, former Twitter's CEO, is building software for developers of large language models. The venture's name and product details have not been revealed.

Contents.com

Amount: $18M 🎉

Round: Series B

Lead Investor: Synergo Capital

Contents.com aims to make high-quality, multilingual content accessible and affordable.

Their product offers a suite of AI-powered tools designed for creating various types of content including text, audio, video, and animations. These tools are geared towards enhancing creativity and productivity in content creation, offering solutions that are adaptable to different user needs, from individual bloggers to large enterprises including IKEA, Allianz, Netgear.

AI Arena

Amount: $6M 🎉

Round: Series A

Lead Investor: Framework Ventures

AI Arena, is a game where human players collect and train AI-powered characters for player-versus-player (PvP) battles.

The game allows players to train their AI characters, who then autonomously engage in battles. The game is designed to be accessible without requiring coding skills and will be free to play.

A Web3 version of AI Arena will be available, allowing players to compete for rewards. The beta launch is scheduled on the Arbitrum mainnet in early 2024.

CharacterX

Amount: $2.8M 🎉

Valuation: $30M

Round: Seed

Lead Investor: INCE Capital, Lightspeed Venture Partners, Spark Digital Capital

CharacterX offers a decentralized AI social network, combining AI technology with blockchain.

Features: Advanced multi-modal AI architecture, 3D and AR experiences, proactive AI agents for social scenarios, decentralized AI memories and consciousness management.

Their app has over 500,000 users spending an average of 30 minutes daily.

Other Rounds 🤏

Xaba raises a $2M Seed - an industrial AI-driven control system

Leap AI raises a $1.4M Pre-Seed - AI workflows in minutes

Source AI raises a $0.11M Pre-Seed - AI co-pilot for recruitment

Bonus 🔥

For the most curious minds!