📌 AI Startups raise $55M+

Today’s 1 min recap:

• Sakana AI raises a $30M Seed for nature-inspired LLMs

• Upstage AI raises a $19M Series B for its enterprise tool & open-source LLM

• Delfos Energy raises a $6.85M Seed for renewable energy asset monitoring

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.

→ Secure your spot today and be part of the conversation shaping the future of Enterprise AI.

Top picks

A detailed highlight

Sakana AI

Amount: $30M 🎉

Valuation: $200M (rumoured)

Round: Seed

Lead Investor: Lux Capital

Sakana AI focuses on developing smaller, more agile AI models inspired by biomimicry, such as the collaborative behaviors seen in animals like fish and birds.

They aim to engineer small AI models that can work collaboratively in a swarm-like fashion. This approach is intended to offer greater efficiency and agility compared to larger, more cumbersome models, drawing parallels to natural systems like ant colonies.

P.S: The co-founder of the company, Llion Jones, is a co-author of the famous paper “Attention is all you need”

Upstage AI

Amount: $19M 🎉

Round: Series B

Lead Investor: SK Networks Co.

Upstage has developed proprietary private LLM technology, trained on individual companies' data, serving various sectors like government, finance, ICT, and commerce.

Its model, Solar, is a pre-trained LLM. SOLAR 10.7B, an LLM with 10.7 billion parameters, outperforms existing models such as Llama 2 and Mistral-7B in essential NLP tasks while maintaining computational efficiency. In December 2023, it achieved the top position in the "Open LLM Leaderboard" run by Hugging Face.

Delfos Energy

Amount: $6.85M 🎉

Round: Seed

Lead Investor: Contrarian Ventures, Headline

Delfos Energy focuses on enhancing the efficiency and reliability of renewable energy assets using AI and big data.

They offer a real-time virtual engineer software that identifies maintenance issues, downtime risks, and faults in renewable energy systems.

Other Rounds 🤏

RUNNR.ai raises a $1.1M Seed - AI-powered hotel concierge

Coalignment raises a $1M Seed - Independent research lab aligning AI with human preferences

elv.ai raises a $0.54M Seed - AI to moderate online discussions

Bonus 🔥

For the most curious minds!