🪭 AWS acquires a leading Gen-AI coding tool

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Top picks

A quick highlight

Fig

Amount: Undisclosed

Acquired by Amazon Web Services (AWS)

Fig offers tools such as “autocomplete,” which provides customizable suggestions and descriptions of the next action a developer might want to take as they’re typing a command. It’s all about saving time and avoiding repetitive keystrokes. It’s not too dissimilar to something like GitHub Copilot, while Google and Facebook’s parent Meta has been working on its own version of Copilot which its employees are using internally.

AWS has been investing heavily in generative AI technologies recently. Moreover, AWS launched its own generative AI accelerator back in June, so acqui-hiring the good folks at Fig will go some way toward helping it keep apace with its cloud rivals

ConvertSight

Amount: $9M 🎉

Round: Series A

Lead Investor: Surface Ventures

ConverSight seeks to leverage generative AI to provide better and faster data analytics to enterprises.

The product is a self-service, all-in-one solution for enterprise customers, covering the whole process end to end, right from data integration and storage to data transformation, analysis and reporting.

MagicSchool AI

Amount: $2.4M 🎉

Round: Pre-Seed

Lead Investor: Surface Ventures

MagicSchool seeks to leverage generative AI to provide better and faster data analytics to K-12 teachers.

The product offers grade-school educators more than 50 generative AI tools to help them with lesson planning, diagnostic assessments, quiz generation, text translation, parent communication, text leveling, and more.

Flojoy

Amount: $1.3M 🎉

Round: Seed

Lead Investor: Flybridge

Flojoy seeks to leverage generative AI to provide better and faster data analytics to enterprises. The company is focused on test measurement and control, which is used in R&D industries.

It offers a new open-source tool that lets companies typically left out of the automated testing process take advantage of no-code Python testing to build test scripts in an automated way. The company provides connections to the standard suite of scientific equipment and instrumentation that is used to make these measurements, whether that’s in an R&D lab or on a manufacturing line.

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