📌 AI Startups raise $160M+

Today’s 1 min recap:

• Mechanical Orchard raises a $24M Series A to accelerate enterprise cloud transition

• Daedalus raises a $21M Series A for automating precision manufacturing

• Ezra raises $21M for early cancer detection

• Polycam raises a $18M Series A to enable 3D content creation

• Aizon raises a $20M Series C for its life sciences manufacturing platform

• Attentive raises a $7M Series A for landscaping and construction services using AI

• 7 more rounds caught by my funding tracker

Together with IMAGINE AI LIVE 24

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

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

The 2-day conference will feature:

• Live demonstrations.

• Immersive sessions on how AI can speed up your enterprise, expand your business model, and improve your value proposition.

• Speakers from the generative AI scene like Bindu Reddy.

Spots are filling up fast!

→ Secure your spot before February 15 and save 15%

Top picks

A detailed highlight

→ Mechanical Orchard

Amount: $24M 🎉

Valuation: $95M

Round: Series A

Lead Investor: Emergence Capital

Mechanical Orchard modernizes mainframe workloads using AI, making the transition to the cloud seamless and risk-free.

Their service caters to enterprises reliant on mainframes, aiming to simplify and accelerate their digital transformation.

→ Daedalus

Amount: $21M 🎉

Round: Series A

Lead Investor: NGP Capital

Founded by a former technical lead at OpenAI, Daedalus leverages AI to automate the production of precision parts.

They use off-the-shelf hardware combined with proprietary software to automate the processes. Customers submit CAD drawings, and Daedalus's system automates the production, optimizing workflows across planning, scheduling, and execution. The technology is designed to learn from each project, improving efficiency over time.

→ Ezra

Amount: $21M 🎉

Round: Venture Round

Lead Investor: Healthier Capital, FirstMark Capital

Ezra provides early cancer detection by combining advanced MRI and AI.

Their service has been expanding across various US cities, and aims to make cancer screenings more accessible, efficient, and affordable.

→ Polycam

Amount: $18M 🎉

Round: Series A

Lead Investor: Left Lane Capital

Polycam democratizes 3D content creation by leveraging AI to enhance quality and usability.

Their 3D scanning app utilizes a smartphone's sensors for capturing 3D models of objects and environments, offering various tools for different use cases and a community-shared library of 3D models.

→ Aizon

Amount: $20M 🎉

Round: Series C

Lead Investor: New Vale Capital

Aizon is developing a batch execution product for Pharma and Biotech, focusing on flexibility, lightweight deployment, and AI-driven automation.

This solution helps CMOs, CDMOs within these industries to navigate the challenges of regulatory demands, competition, and margin pressure, while focusing on producing high-value products.

→ Attentive

Amount: $7M 🎉

Round: Series A

Lead Investor: Vertex Ventures Southeast Asia & India

Attentive automates landscaping and construction services using AI and computer vision.

Their platform offers tools like Automeasure for automated site measurements and Accelerate for business management, aiming to save time and resources for companies.

Other Rounds 🤏

Traive raises $20M - Credit risk assessment platform powered by LLMs and GANs

Lilli raises a $10.3M Series A - AI-driven home care system

Myrspoven raises $5.8M - Energy optimization in buildings using AI

Atlas raises a $4.5M Grant - 3D content creation using AI

AI.Fashion raises a $3.6M Seed - AI tool for fashion content creation

Simplify raises a $3M Seed - AI copilot for your job search

Kauz raises $2.5M - Chatbot for your website or employees

Bonus 🔥

For the most curious minds!