Startups - Maginative (Page 4)

Venture Capital Startups

Legal AI Startup Harvey.ai Raises $80M At $715M Valuation

Chris McKay• December 19, 2023 • 2 min read

Over the past year, Harvey has quickly gained traction among leading law firms and Fortune 500 legal departments. It has built domain-specific AI models in collaboration with OpenAI to address complex client needs.

Venture Capital Startups

Lightmatter Closes $155M Funding Round at $1.2B Valuation

Richard Banfield• December 19, 2023 • 2 min read

The company is developing disruptive photonic technologies to accelerate AI workloads and address the growing power and performance challenges in high-performance computing.

Venture Capital Startups

Distributional Raises $11M to Build Enterprise AI Testing Platform

Richard Banfield• December 14, 2023 • 1 min read

Their mission is to build software that makes AI safe, robust and reliable so that our customers trust their AI, ship AI products more frequently and realize the full potential impact of AI on their organization.

Venture Capital Startups

Braintrust Secures $5M Seed Round to Build AI Infrastructure

Chris McKay• December 13, 2023 • 2 min read

The startup aims to abstract away evaluation issues with a set of out-of-the-box tools for tracking model accuracy, monitoring system behavior in production, and running rapid experiments.

Venture Capital Startups Fintech

Hyperplane Emerges from Stealth to Bring Personalized Banking Experiences

Richard Banfield• December 13, 2023 • 1 min read

The startup is also announcing a $6 million funding round led by former Stripe executive Lachy Groom, along with notable backers like SV Angel and Clocktower Technology Ventures.

Venture Capital Startups

Essential AI Secures $56.5M in Series A Funding to Build 'Enterprise Brain'

Chris McKay• December 12, 2023 • 2 min read

The startup aims to develop industry-specific AI tools tailored to the needs of fields like finance, marketing, sales, and more.

Venture Capital Startups

Relevance AI Raises $10M to Enable Businesses to Build AI Teams

Chris McKay• December 11, 2023 • 1 min read

Over the last three months, Relevance AI has seen rapid growth, with 6,000 businesses signed up to use its platform. These companies have already automated over 250,000 tasks.

Venture Capital Startups

MaintainX Secures $50 Million in Series C Funding, Advancing AI-Driven Industrial Maintenance

Chris McKay• December 8, 2023 • 2 min read

The new funding from Bain Capital Ventures and others will accelerate MaintainX’s product roadmap further into artificial intelligence.

Venture Capital Startups

Sarvam AI Raises $41 Million Series A to Pioneer India's Generative AI Landscape

Chris McKay• December 7, 2023 • 2 min read

Sarvam AI plans to focus squarely on the country's unique needs—including training models that can understand India's multitude of languages and voice-first interfaces.

Venture Capital Startups

MIT Spinoff Plans to Build New Generation of AI Models with Liquid Neural Network Technology

Chris McKay• December 7, 2023 • 3 min read

The startup aims to commercialize the relatively new liquid neural network architecture developed by MIT.

Venture Capital Startups

Lutra AI Launches to Simplify Building AI Workflows

Chris McKay• December 7, 2023 • 1 min read

Founded by former Google and Coursera employees including Jiquan Ngiam, Lutra focuses on a code-first approach to integrating AI.

Venture Capital Startups

AutogenAI Raises $39.5 Million to Further Develop its AI-Powered Bid and Proposal Writing

Chris McKay• December 6, 2023 • 2 min read

AutogenAI applies natural language generation technology to help companies streamline the traditionally labor-intensive and complex process of crafting persuasive bids and proposals for contracts, grants, and other new business opportunities.

Venture Capital Startups

Leonardo.Ai Secures $31M to Grow its Generative AI Art Platform

Chris McKay• December 6, 2023 • 2 min read

The new funding will be instrumental in expanding Leonardo.Ai's sales and marketing teams as it scales its enterprise product. There is also a focus on bolstering the engineering team to drive further innovation.

Venture Capital Startups

EnCharge AI Secures $22.6 Million to Unlock Broader AI Adoption with Novel AI Chips

Chris McKay• December 5, 2023 • 1 min read

By combining the strengths of analog and digital operation, EnCharge says its full-stack AI solution delivers the horsepower needed to enhance high-value functions across sectors.

xAI Venture Capital Startups

Elon Musk Is Raising $1 Billion for AI Startup xAI

Chris McKay• December 5, 2023 • 2 min read

As per filings with the Securities and Exchange Commission, xAI has already garnered about $135 million from undisclosed investors.

Venture Capital Startups

Open-Source AI Platform Replicate Raises $40M From a16z to Make Models More Accessible

Chris McKay• December 5, 2023 • 2 min read

The new capital will focus on tailoring Replicate’s offerings for business users through enterprise tooling like monitoring, security compliance auditing, and hands-on support.

Venture Capital Startups

Asato.ai Secures $7.5M Seed Round to Build AI-Powered Enterprise Copilots

Chris McKay• December 5, 2023 • 1 min read

Asato's copilot technology combines knowledge graphs and generative AI to give CIOs comprehensive real-time visibility into their organization's complex IT assets and operations.

Mistral Venture Capital Startups

Mistral AI Raises $415 Million at $2 Billion Valuation

Chris McKay• December 5, 2023 • 2 min read

Andreessen Horowitz is leading the round with participation from other high-profile backers like NVIDIA, Salesforce, General Catalyst, Lightspeed, and Bpifrance.

Venture Capital Startups

Vast Data's Strategic Growth: Securing $9 Billion Valuation Amid AI Boom

Chris McKay• December 5, 2023 • 1 min read

VAST Data did not necessarily require new funding for operations, as CEO and co-founder Renen Hallack stated the company has largely left previous capital unspent.

Venture Capital Startups

Together AI Raises $102.5M Series A to Scale its Generative AI Platform

Chris McKay• December 3, 2023 • 3 min read

As AI rapidly moves from research labs into real-world software, Together AI aims to ensure generative models don’t become walled gardens controlled by one or two dominant players.

HeyGen Venture Capital Startups

HeyGen Launches Avatar 2.0 and Announces $5.6 Million in New Funding

Chris McKay• November 30, 2023 • 2 min read

The new offering allows individuals and businesses to conveniently generate avatars using smartphone footage, rather than rely on professional photos or a prolonged development process.