🔥 Rewind AI made the most innovative pitch ever & it worked

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Top picks from last week 🚀 (May 15th - May 21st)

A quick highlight

Rewind AI raises $12M at a $350M valuation in one of the most innovative pitches ever

Rewind AI, is a desktop app designed to give you perfect memory. It sees and listens to everything you do on your Mac (the data is stored locally & NOT on the cloud for privacy reasons) so you never have those itchy moments trying to recall what you were reading about. You can then use all the data to write context-aware emails for example (watch the pitch below to understand this!)

Dan Siroker, co-founder of Rewind AI, made his pitch public on Twitter to avoid repeating the same pitch, reach a wider investor audience & build trust with customers. They received more than 1000+ inbounds, 20+ $1B valuation offers but Dan’s aim was to find a long-term investor and that’s why they chose NEA. If you’re a founder of an AI startup, take advantage of the AI craze and consider making your investment pitch public!

Hippocratic AI raises the largest Seed Round in 2023 of $50M from a16z & General Catalyst to build LLMs for Healthcare

Hippocratic AI, emerges from stealth mode with a mission to develop healthcare general intelligence (HGI) for the future of healthcare bots. With a projected shortage of 3 million healthcare workers, AI offers a solution to bridge the gap and improve access to quality healthcare.

Recent developments have emphasized the importance of domain specificity in LLMs to enhance performance and accuracy. Notably, Google has unveiled its own healthcare-focused LLM named Med-PaLM 2. Here's a comparison between Hippocratic AI and GPT-4 👇

Together raises $20M seed funding to build open-source AI and cloud platform

Together, a company focused on open-source generative AI models, has secured $20M in seed round funding led by Lux Capital. The company aims to empower innovation and creativity by making AI accessible to everyone through its cloud platform. The founders recognized the need for open and decentralized alternatives to closed AI systems, which led to the establishment of Together.

Even the developer community has jumped onto using open-source models because of the privacy risks & tailoring issues among others that come with using closed-source models like GPT-4 & Bard.

Union.ai raises $19.1M Series A to simplify AI data workflows for machine learning teams

Union.ai, is a platform centered around Flyte, an open-source tool designed for creating robust workflow automation systems tailored to data, machine learning, and analytics. Its purpose is to provide a unified platform for teams to develop ETL pipelines, analytics workflows, and machine learning pipelines. In my latest tweet, I highlighted the importance of data orchestration in the emerging LLM stack.

Other Events 📢

• Laguna Health raises $16M Series A to provide contextual care management & reduce recovery time

• Nory AI raises $7.6M seed round to optimize restaurant operations using AI

• Sapient AI emerges from stealth, raising a $5M seed round to manage test code for developers

• Locofy raises a $4.25M seed round to accelerate its design to code service

• Seattle startup raises a $2M Pre-Seed Round to make healthcare pricing data more transparent

• AiONE, an AI + Blockchain startup raises $3M to incorporate AI in business workflows

Chief AI Tool of the Week 📢

This one has to go to the ChatGPT iOS app! Try it out here 👇

Bonus 🔥

For the most curious minds!