📌 AI Startups raise $1100M+

Today’s 1 min recap:

• Moonshot AI raises $1B to be the OpenAI of China

• Recogni raises a $102M Series C for its AI-inference chip

• Loora raises a $12M Series A for its advanced English learning app

• Helika raises a $8M Series A for its game management products

• Climate Policy Radar raises a $6.8M Seed for climate policy and law research

• 3 more rounds caught by my funding tracker

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Top picks

A detailed highlight

→ Moonshot AI

Amount: $1B 🎉

Valuation: $2.5B

Round: Venture Round

Lead Investor: Alibaba Group, Sequoia Capital China

Moonshot AI is building advanced AI technology for China, akin to OpenAI's GPT series and ChatGPT.

The startup in October launched its smart chatbot Kimi Chat, built on its self-developed Moonshot LLM (100 billion parameters). Kimi Chat has a 200K context window, can browse the internet and can read through documents.

→ Recogni

Amount: $102M 🎉

Round: Series C

Lead Investor: Celesta Capital, GreatPoint Ventures

Recogni designs chips for autonomous vehicles and has pivoted in recent years to focus on designing an accelerator chip that can be used to support the development and inference of generative AI models also.

Their new chip "Recogni Scorpio" is a low-power AI compute product capable of 1000 TFLOPS, emphasizing performance, efficiency, and low ownership costs.

→ Loora

Amount: $12M 🎉

Round: Series A

Lead Investor: QP Ventures

Loora provides an AI-based app for interactive English learning, offering feedback on grammar, pronunciation, and more through conversational scenarios.

They differentiate themselves from other apps by scoring users on their proficiency over time and employ this score to personalize conversations at their speaking level.

→ Helika

Amount: $8M 🎉

Round: Series A

Lead Investor: Pantera Capital

Helika has built AI-powered game management products for both traditional and web3 games, focusing on user acquisition, retention, engagement, and profitability.

They offer an end-to-end suite of products for advanced analytics, attribution, LiveOps, and A/B testing, aimed at enhancing studios' profitability.

→ Climate Policy Radar

Amount: $6.8M 🎉

Round: Seed

Lead Investor: Environmental Defence Fund, Google, Open Society Foundations, The Patrick J. McGovern Foundation, Sequoia Climate Foundation, Schmidt Futures, Quadrature Climate Foundation

Climate Policy Radar offers an AI-based platform for searching a vast database of climate laws and policies, aiming to transform textual data into structured, actionable insights.

Other Rounds 🤏

Siftwell raises a $5.8M Seed - AI to analyze health plan data

UnityAI raises a $4M Seed - AI-enabled care orchestration

Levr.ai raises a $1M Pre-Seed - AI to match loans based on business data

Bonus 🔥

For the most curious minds!