๐Ÿ“Œ AI Startups raise $100M+ today

BONUS: Andrej Karpathy's LLM Video Takeways

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I wrote this newsletter

Hi, Iโ€™m Talin ๐Ÿ“ข

Iโ€™ve worked in PE, early-stage SaaS & AI startups.

I work with startups on:

๐Ÿ“ˆ Retention Cohorts

The most valuable exercise for SaaS unit economics, business/product alignment.

You will find out your productโ€™s LTV, NRR, NDR, & more.

๐Ÿ‘ท๐Ÿปโ€โ™‚๏ธ AI/ML Talent Acquisition in India

70% cheaper than in the USA.

๐Ÿ“œ Fundraising

Top picks

A quick highlight

Amount: $35M ๐ŸŽ‰

Round: Series A

Lead Investor: Lightspeed Venture Partners

Pika is an AI-powered platform that edits and generates videos from captions and still images. It includes features like extending video length, transforming styles, and editing content using AIโ€‹.

The service is aimed at simplifying the video creation process, making it less complicated and resource-intensive, thus opening up high-quality video production to a broader audience.

Amount: $32M ๐ŸŽ‰

Round: Series A

Lead Investor: General Catalyst

PhysicsX offers an AI platform for creating and running simulations for engineers in industries like automotive, aerospace, and materials science manufacturing.

This platform aims to address bottlenecks in development due to traditional modeling and testing methods before production. The AI models enable faster and more accurate physics simulations, which can dramatically accelerate engineering processes and make complex engineering more accessible across industries.

Amount: $24M ๐ŸŽ‰

Round: Series A

Lead Investor: Index Ventures

Cradle's mission involves using generative AI to aid scientists in designing and engineering proteins, with a focus on speeding up the development of new therapeutics and bio-based products such as enzymes, antibodies, lab-grown food, and bio-based materials and chemicalsโ€‹โ€‹.

Amount: $16M ๐ŸŽ‰

Round: Venture Round

Lead Investor: Mazda

Secondmind focuses on AI-powered optimization for vehicles in the design and development processes.

Their solutions are aimed at reducing design simulation time and calibration overhead, improving energy efficiency and performance throughout a vehicle's lifecycle, and contributing to the transition to carbon-neutral mobilityโ€‹

Amount: $3M ๐ŸŽ‰

Round: Venture Round

Investors: Y Combinator, Amino Capital, General Advance, SAV, Translink Capital, and Nomad Capital

Solve Intelligence aims to streamline the patent drafting process for intellectual property attorneys with AI-driven solutions.

They offer an in-browser document editor with an AI copilot to assist attorneys in intellectual property generation. The AI can identify novelty and non-obviousness in patents and aids in the R&D process.

Other Rounds ๐Ÿค

LegalFly raises a $2.2M Seed - The Premier AI Copilot for Legal Teams

Algomo gets a $1.5M grant - Customer service, powered by generative AI

Bonus ๐Ÿ”ฅ

For the most curious minds!

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Cheers,

Chief AI Officer (CAIO)

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