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- 📌 AI Startups raise $800M+ today
📌 AI Startups raise $800M+ today
BONUS: AI Unicorns of 2023
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Top picks
A quick highlight
Amount: $50M 🎉
Round: Series C
Lead Investor: Accel
AssemblyAI recognizes the vast amount of information embedded within human speech and aims to harness this for a variety of purposes, from virtual meetings to interactions with machines.
They offer AI models focused on speech. These models are designed to perform tasks like speech-to-text, identifying speakers, moderating content, and summarizing speech through an API. Their latest model, Conformer-2, trained on 1.1M hours of voice data, demonstrates high accuracy and robustness for tasks like speech-to-text and speaker identification. They are also working on a next-gen Universal model trained on over 10M hours of voice data.
Amount: $642M 🎉
Valuation: $7B
Round: Secondary
Lead Investor: Fidelity Management and Research Company
CoreWeave offers specialized cloud infrastructure services, providing flexible infrastructure with enhanced processing capabilities needed for training large language models for AI.
Amount: $40M 🎉
Valuation: $350M (estimated)
Round: Series B
Lead Investor: a16z
Replicate's mission is to make open-source AI and machine learning software more accessible and usable for software developers.
Replicate hosts and runs open-source AI models, offering a platform where software developers can access and modify over 25,000 AI models, including notable ones like Stable Diffusion 2.0 and Meta’s Llama 2.
Amount: $22.6M 🎉
Round: Series B
Lead Investor: VentureTech Alliance
EnCharge AI's mission is to provide broader access to AI, particularly targeting the majority of organizations that currently cannot afford today’s costly and energy-intensive AI chips.
They are working on commercializing advanced AI chips that use in-memory computing. This technology can accelerate AI applications in servers and network edge machines, claiming to reduce power consumption relative to standard computer processors.
Amount: $17M 🎉
Round: Seed
Lead Investor: Narya Capital
Atomic Industries is automating tool and die making, a critical step in manufacturing a wide range of consumer and industrial products.
The company's AI software stack is designed to function like an ultra-efficient design engine for tools and molds, translating customer manufacturing requirements into the tool that will manufacture the product.
Amount: $15M 🎉
Round: Series A
Lead Investor: Insight Partners
Rohirrim offers a custom-developed platform named Rohan. This platform provides domain-aware generative AI specifically built for enterprise use, focusing on delivering outcomes and unlocking value from proprietary data.
Rohan can securely ingest and organize information found in various formats such as presentations, spreadsheets, proposals, whitepapers, and emails. The AI platform can generate text based on a company’s internal data, thereby streamlining the creation of long-form content like RFP responses and case studies.
Other Rounds 🤏
Spiffy AI raises a $6M Seed - developing Outcome-Oriented Models (OOMs), a new breed of AI that continuously improves towards a goal
Scienta Lab raises a $4.3M Seed - an AI-powered platform pioneering Precision Immunology
GameTree raises a $1.7M Seed - AI social network for gamers
Bonus 🔥
For the most curious minds!
6 out of 10 unicorns created this year were AI Startups
The rage was REAL. Existing AI Startups also saw valuation leaps
Meet the 18 new AI unicorns + funding + valuation:
- CoreWeave → $3B+ → $7B
- Cohere → $435M → $2.2B
- Helsing → $337M → $1.8B
- Quantexa → $370M… twitter.com/i/web/status/1…
— Chief AI Officer (e/acc) (@chiefaioffice)
7:41 PM • Dec 4, 2023
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Chief AI Officer (CAIO)
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