📌 AI Startups raise $130M+

Today’s 1 min recap:

• ElevenLabs raises a $80M Series B for voice AI

• Qdrant raises a $28M Series A for open-source vector databases

• Morressier raises a $16.5M Series B for AI-powered research integrity

• bluesheets raises a $6.5M Series A for financial process automation

• OctaiPipe raises a $4.45M Pre-Series A for edge-AI solutions

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.

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Top picks

A detailed highlight

→ ElevenLabs

Amount: $80M 🎉

Valuation: $1B+

Round: Series B

Lead Investor: Andreessen Horowitz, Daniel Gross, Nat Friedman

ElevenLabs' mission is to advance voice AI technology.

Their offerings include a browser-based speech generation app for creating realistic voices, a speech-to-speech tool, a dubbing studio, and a mobile app.

These tools enable lifelike voiceovers for audiobooks, dubbing for films and TV, character voices for games, narrations for web content, and much more. Today, ElevenLabs is being used by employees at 41% of Fortune 500 companies.

→ Qdrant

Amount: $28M 🎉

Round: Series A

Lead Investor: Spark Capital

Qdrant focuses on developing a high-performance, open-source vector database for AI applications, with an emphasis on efficiency, scalability, and flexibility.

They provide an end-to-end solution for managing and querying vector data, crucial for AI and machine learning applications, particularly in handling unstructured data.

→ Morressier

Amount: $16.5M 🎉

Round: Series B

Lead Investor: Molten Ventures

Morressier aims to transform scholarly communications with a focus on research integrity.

They offer a suite of AI-powered workflow solutions for academic societies and publishers. This includes pre-submission checks for scientific research to ensure submission completeness, quality, and adherence to industry standards. They are also developing “Integrity Manager” and “Journal Manager”, designed to improve research integrity at every publishing step and provide state-of-the-art submission systems.

→ bluesheets

Amount: $6.5M 🎉

Valuation: $30M

Round: Series A

Lead Investor: Illuminate Financial

bluesheets offers an AI-driven automation platform designed for financial data processing.

This platform automates and streamlines the handling of unstructured financial data, integrating various tools with accounting systems. By leveraging AI and machine learning, it simplifies and enhances the accuracy of enterprise accounting tasks, catering to the needs of SMEs, accounting firms, and large enterprises.

→ OctaiPipe

Amount: $4.45M 🎉

Round: Pre-Series A

Lead Investor: SuperSeed

OctaiPipe focuses on enhancing edge AI for industrial IoT with secure, efficient, and scalable Federated Learning Operations (FL-Ops).

The platform offers end-to-end Federated Learning for data scientists and AI engineers in critical infrastructure sectors, enhancing AI model training on IoT devices while ensuring data security and reducing cloud data costs.

Other Rounds 🤏

Nothing here today! Check tomorrow.

Bonus 🔥

For the most curious minds!