📌 AI Startups raise $85M+

Today’s 1 min recap:

• Bluewhite raises a $39M Series C for autonomous robots

• Spellbook raises a $20M Series A for an AI-powered contract drafting and negotiation platform

• OpenDialog raises a $8M Series A for AI-powered chatbots and digital assistants

• Arcee raises a $5.5M Seed for an enterprise AI platform

• Prompt Security raises a $5M Seed for an AI safety platform

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

Top picks

A detailed highlight

→ Bluewhite

Amount: $39M 🎉

Valuation: $200M - $300M

Round: Series C

Lead Investor: Insight Partners

Bluewhite aims to address the labor shortage in agriculture by improving working conditions without requiring farms to completely replace existing assets.

They maximize the use of existing farm equipment by offering autonomous robots that can be retrofitted to any tractor. These are sold as part of a service rather than as standalone products.

→ Spellbook

Amount: $20M 🎉

Round: Series A

Lead Investor: Inovia Capital

Spellbook offers an AI-powered contract drafting and negotiation platform.

They use large language models, including OpenAI's GPT-4, and are optimized for legal applications.

The platform aims to personalize legal workflows, improve accuracy and speed, and automate end-to-end processes, including client interactions.

→ OpenDialog

Amount: $8M 🎉

Round: Series A

Lead Investor: AlbionVC

OpenDialog is a no-code platform for creating AI-powered chatbots and digital assistants, designed to be tailored to specific business and regulatory needs.

The platform is unique in its ability to automate multi-step complex business processes through natural conversations.

→ Arcee

Amount: $5.5M 🎉

Round: Seed

Investor: Long Journey Ventures, Flybridge, Centre Street Partners, Wndrco, 35V, AIN Ventures, Clément Delangue

Arcee aims to make the adoption of GenAI accessible and safe for enterprises, particularly in regulated industries like legal, healthcare, insurance, and financial services.

They provide a platform for businesses to build and train GenAI models within a secure computing environment, addressing performance and security concerns.

→ Prompt Security

Amount: $5M 🎉

Round: Seed

Lead Investor: Hetz Ventures

Prompt Security focuses on mitigating risks that emerge from the integration of generative AI into enterprise environments. This includes protecting sensitive enterprise data and operations.

Their integrated platform is designed to provide extensive oversight and governance, and maintain comprehensive security protocols while being LLM-agnostic.

Other Rounds 🤏

TextQL raises a $4.1M Seed - AI-powered data scientist

Send AI raises a $2.5M Pre-Seed - Software to teach AI models to process documents and emails

Alinea raises a $3.4M Seed - AI-powered wealth management app

Nomad Go raises a $1.5M Seed - AI platform that enables automated inventory counts

Setmixer raises a $0.76M Seed - AI-assisted mixing tool

Bonus 🔥

For the most curious minds!