⚙️ Yahoo spinout raises $31M

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Top picks

A quick highlight

Vespa

Amount: $31M 🎉

Round: Series A

Lead Investor: Blossom Capital

Vespa aims to speed up the development of features that’ll make it easier for developers to create apps that combine AI models with proprietary data sets.

It can handle input beyond text strings, personalize content based on users’ click-through histories and take direction from ML algorithms. Vespa offers a mode, “vector streaming search,” that can “dramatically” cut the cost of an app retrieving personal data such as emails and documents.

Thousands of brands including Spotify, OkCupid and Wix now use either the open source release of Vespa or Vespa’s cloud-hosted, fully managed product, Vespa Cloud. See their pitch deck

Covera Health

Amount: $25M 🎉

Round: Series C

Lead Investor: Insight Partners

Covera Health uses AI and data analytics to help radiologists improve their accuracy and reduce misdiagnosis. Its data platform, the Radiology Centers of Excellence, is used by health plans and employers to guide patients toward high-quality radiology providers for their specific needs.

Jona

Amount: $5M 🎉

Round: Seed

Lead Investors: Breyer Capital, Meridian Street Capital

Promise Robotics is an AI company that brings the most intelligent, flexible, and compact industrial robotic systems to construction.

Their ready-to-deploy industrial production systems are powered by a proprietary cloud-based software platform that manages the entire production lifecycle, from production planning to factory floor operations, scheduling, and logistics.

Obviously AI

Amount: $4.1M 🎉

Round: Venture Round

Lead Investor: UTEC - The University of Tokyo Edge Capital Partners

Obviously AI is a no-code AI/ML platform that uses proprietary technology to build and train machine learning models that are customized to their clients’ needs. It can be integrated into their existing cloud services and databases.

The platform is fundamentally designed to give you an insanely short time to value so you can turn your data into ROI by building AI models with just a few clicks.

Freeplay

Amount: $3.25M 🎉

Round: Seed

Lead Investors: Conviction Partners, Matchstick Ventures

Freeplay’s mission is to provide product development teams with the necessary tools to prototype and enhance software features that are powered by large language models (LLMs).

Their platform combines developer integrations with a web-based dashboard, providing teams with the ability to monitor user interactions, cost estimates, and app latency associated with AI-powered apps. It offers beginner-friendly features that allow users to experiment with different prompts and swap models from various vendors.

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