- Chief AI Office
- Posts
- π AI Startups raise $50M+
π AI Startups raise $50M+
BONUS: Bittensor Explained
Todayβs 1 min recap:
Synthetaic raises a $15M Series B to label unstructured datasets
finally raises a $10M Series A for AI-powered financial management
Jam raises a $8.9M Series A for its internal bug reporting & fixing platform
Galileo AI raises a $4.4M Seed to build a text-to-UI design product
Camb.ai raises a $4M Seed for its AI voice dubbing platform
9 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.
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.
Speakers from the generative AI scene like Bindu Reddy.
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.
Top picks
A detailed highlight
Amount: $15M π
Round: Series B
Lead Investor: Lupa Systems, TitletownTech
Synthetaic overcomes the limitations of AI training that relies on annotated data.
Their tool, RAIC (Rapid Automatic Image Categorization), is an end-to-end AI pipeline that automates the analysis of a variety of large, unstructured datasets, from security camera footage to geospatial imagery. You can ingest, search, and categorize your data - build and train models - run inference - and integrate or access RAIC through cloud-hosted APIs.
Amount: $10M π
Round: Series A Extension
Lead Investor: PeakSpan Capital
finally simplifies financial management for small businesses by integrating AI into accounting processes.
Their platform consolidates bookkeeping, expense management, and payroll, aiming to provide actionable financial insights and automation.
Amount: $8.9M π
Round: Series A
Lead Investor: GGV Capital
Jam enhances internal bug reporting and collaboration in software development, aiming to streamline these processes.
Their AI feature, JamGPT, provides context-rich suggestions on where to start looking for issues, potential problem identification, and resolution strategies. It operates as an interactive chat, and can even generate code fixes.
Amount: $4.4M π
Round: Seed
Lead Investor: Khosla Ventures
Galileo AI augments designers' creativity and productivity by generating UI designs from prompts.
Their product focuses on understanding design principles through specialized AI models, offering a solution that generates multiple design variants quickly, enhancing efficiency in the design process.
Amount: $4M π
Round: Seed
Lead Investor: Courtside Ventures
Camb.ai focuses on content localization through AI, enabling seamless dubbing for various languages.
Their product targets content creators and distributors, addressing the challenge of making content universally accessible without language barriers.
Other Rounds π€
dataroomHQ raises a $3.5M Seed - AI-powered platform to increase insight into SaaS operational metrics
Banana raises a $3.4M Seed - A new dev tool (they closed their serverless GPU product this week)
Sable raises a $1.9M Pre-Seed - Drug safety with AI-powered data
SWIRL raises a $1.1M Seed - Convert short videos or live streams into shoppable content
Leya AI raises a $1.1M Pre-Seed - Personal language coaching powered by LLMs
OpenHouse.ai raises a $1.1M Seed - AI-driven personalization & analytics for homebuilders
Analytical Alley raises a $0.75M Seed - AI-driven marketing & business strategies
STORI raises a $0.5M Pre-Seed - Brand automation with AI
Dtime raises a $0.31M Seed - AI-powered dataset discovery
Bonus π₯
For the most curious minds!
Last December, I released a thicc deep dive report on Bittensor.
Since then, Bittensor has gone from a niche crypto x AI project to gaining broad recognition within the open-source AI communitySince then, there's been a major network upgrade proposal known as Dynamic TAO π§΅
β Sami Kassab (@Old_Samster)
5:18 PM β’ Feb 6, 2024
You did it! Itβs over for now.
Iβll see you next time.
Thanks for reading.
I would love to know how you would rate this newsletter on a scale of 1-5 by replying to this email (feedback also helps!)
My X: @chiefaioffice
Cheers,
Chief AI Officer (CAIO)
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