📌 AI Startups raise $58M+

BONUS: The Problem with Open-Source LLMs

January 17, 2024

Today’s 1 min recap:

  • Vicarius raises a $30M Series B for application vulnerabilities

  • SKY ENGINE AI raises a $7M Series A for visual synthetic data

  • CellVoyant raises a $9.65M Seed for cell-therapy development

  • Artisse AI raises a $6.7M Seed for photography customization

  • Infield raises a $3M Seed to manage open-source dependencies

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.

Top picks

A detailed highlight

Amount: $30M 🎉

Round: Series B

Lead Investor: Bright Pixel

Vicarius' product is an AI-powered cybersecurity solution focused on vulnerability detection and remediation.

It automates the process of identifying vulnerabilities in applications, including third-party and operating system APIs. A key feature is its "in-memory protection," which provides a safeguard when patches for vulnerabilities are not immediately available.

Amount: $7M 🎉

Round: Series A

Lead Investor: Cogito Capital Partners

SKY ENGINE AI focuses on training AI computer vision algorithms using generative simulation and deep learning.

Their simulation and deep learning cloud generates fully annotated, synthetic data, provides advanced domain adaptation algorithms and trains AI computer vision algorithms at scale.

Amount: $9.65M 🎉

Round: Seed

Lead Investor: Octopus Ventures

CellVoyant aims to revolutionize the development of cell therapies using AI and live cell imaging, making these treatments faster, more reliable, and cost-effective.

Their platform extracts real-time spatial and temporal information from cell mixtures, helping to predict stem cell behavior and optimize cell differentiation processes.

Amount: $6.7M 🎉

Round: Seed

Lead Investor: The London Fund

Artisse AI aims to revolutionize the photography industry and digital creativity, making perfect photos accessible globally, regardless of individual circumstances.

Their app transforms text or visual prompts into customized photos with selectable settings, poses, clothing, hairstyles, and expressions.

Artisse has been downloaded over 200,000 times and is the #1 new photo app in over 20 countries.

Amount: $3M 🎉

Round: Seed

Lead Investor: Foundation Capital

Infield's product is an AI-assisted platform designed to simplify open-source dependency management for developers.

It automates the process of updating dependencies by analyzing changelogs. This helps developers make informed decisions about which updates to implement, ensuring that their software remains secure and efficient without manual overhead.

Other Rounds 🤏

Bronze raises a $1.3M Pre-Seed - AI-powered music tools

Lexroom.ai raises a $0.5M Pre-Seed - AI-powered legal research

Bonus 🔥

For the most curious minds!

You did it! It’s over for now.

I’ll 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!)

Cheers,

Chief AI Officer (CAIO)

Reply

or to participate.