📌 AI Startups raise $450M+

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I’ve worked in PE, early-stage SaaS & AI startups.

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Top picks

A quick highlight

Mistral AI

Amount: $415M 🎉

Round: Series A

Lead Investor: Andreessen Horowitz, Lightspeed Venture Partners

Mistral AI offers open-source generative AI technologies, including large language models (LLMs).

In September, they announced Mistral 7B, their first LLM, which is smaller in size (7 billion parameters) but claimed to be efficient and cost-effective. Their roadmap includes developing additional models for tasks such as summarization and question-answering. They also recently launched MIXTRAL 8X7B, a more powerful model than 7B, that supports multiple languages, code and a 32k context window.

Durable

Amount: $14M 🎉

Round: Series A

Lead Investor: Spark Capital

Durable has developed an AI website creator and other AI-powered tools, including a CRM platform, invoicing service, blog builder, and an AI bot assistant.

The company's flagship product is an AI-powered website builder, which has been used to create over 6 million websites.

They are also developing an omniscient AI assistant capable of making proactive business suggestions.

Laredo

Amount: $8.5M 🎉

Round: Seed

Lead Investor: Radical Ventures and Horizons Ventures

Laredo is developing an AI-driven platform for code generation. It leverages an AI model trained on data from around a hundred million software projects.

The platform can write, edit, and delete code based on high-level natural language commands, accomplishing various development tasks while documenting progress.

Relevance AI

Amount: $10M 🎉

Round: Series A

Lead Investor: King River Capital

Relevance AI has launched two products: AI Tools and AI agents.

The AI Tools enable users to automate repetitive tasks within their existing workflows, while the AI agents can complete entire workflows in functions such as marketing, sales, and research. One of their flagship AI agents, the business development representative (BDR) agent, is designed to assist sales teams by automating tasks like inbox management and follow-ups.

CitrusX

Amount: $4.5M 🎉

Round: Seed

Lead Investor: Awz Ventures

CitrusX aims to provide an end-to-end platform for AI transparency and explainability.

They focus on model validation, governance, and monitoring to enable stakeholders to make informed decisions about machine learning. The company's patent-pending technology identifies errors, vulnerabilities, and potential feature bias in machine learning models.

Other Rounds 🤏

SourseAI raises a $3M Series A - a forecasting, prediction and scenario planning platform built specifically for key industries.

hippist raises a $0.25M Pre-Seed - generative AI tool to transform your product photos into stunning style images

Bonus 🔥

For the most curious minds!