Venture Capital - Maginative (Page 2)

HeyGen Raising $60M at $440M Valuation, Launches HeyGen 5.0

Chris McKay• March 25, 2024 • 2 min read

HeyGen's growth story is remarkable, with annualized revenues surging from $1 million to over $20 million in just a year. This trajectory is notable in the generative AI sector, where monetization remains a challenge for many.

Venture Capital Startups Robotics

Physical Intelligence Raises $70M to Build AI-Powered Robots for Any Application

Richard Banfield• March 12, 2024 • 2 min read

Pi differentiates itself by aiming to create software that can be applied across a wide range of robotics hardware.

Venture Capital Startups

Tavus Raises $18M to Advance Generative AI Video Platform and Launch Developer APIs

Chris McKay• March 12, 2024 • 3 min read

The Tavus platform allows users to record a single video and, with just a few clicks, generate thousands of personalized versions tailored to each member of their audience.

Venture Capital Startups

New AI Startup Cognition Raises $21M, Unveils Autonomous Coding Assistant 'Devin'

Chris McKay• March 12, 2024 • 3 min read

Devin can perform tasks such as learning unfamiliar technologies, building and deploying apps end-to-end, autonomously finding and fixing bugs in codebases, and even training and fine-tuning its own AI models.

Venture Capital Startups Auto

Applied Intuition Secures $250 Million in Series E Funding, Reaches $6 Billion Valuation

Richard Banfield• March 12, 2024 • 2 min read

The company serves customers worldwide, including 18 of the top 20 automotive OEMs, and is poised to make significant investments in generative AI to unlock substantial value for its customers and partners.

China Alibaba Venture Capital Startups

Alibaba Leads $600 Million Funding Round for Chinese AI Firm MiniMax

Chris McKay• March 6, 2024 • 2 min read

If confirmed, the MiniMax deal would mark Alibaba's second major AI investment this year, following its lead role in a $1 billion funding round for Beijing-based Moonshot AI in February.

Snowflake Mistral Venture Capital

Snowflake Announces Partnership and Investment in Mistral AI

Chris McKay• March 5, 2024 • 2 min read

The partnership will provide Snowflake customers access to Mistral AI's newest and most powerful LLM, Mistral Large.

Venture Capital Startups

Ideogram Raises $80 Million Series A for its AI Image Generation Tech

Richard Banfield• February 28, 2024 • 3 min read

The round was led by Andreessen Horowitz, with participation from Index Ventures, Redpoint Ventures, Pear VC, and SV Angel.

Venture Capital Startups

Photoroom Secures $43M, Launches Next-Gen AI Photo Editor for Businesses

Chris McKay• February 27, 2024 • 2 min read

The new features are designed to help small businesses create professional-quality product images, offering more creative control and flexibility.

Venture Capital Startups Biotech & Health

Baseimmune Closes $11.3M Series A to Accelerate AI-Designed Vaccines

Richard Banfield• February 26, 2024 • 2 min read

Founded in 2019, Baseimmune leverages proprietary deep learning algorithms to predict future mutations of pathogens and design synthetic antigen proteins that can provide broader, longer-lasting immune protection.

Venture Capital Startups Healthcare

Fabric Announces $60M Series A to Tackle Healthcare Capacity Crisis

Chris McKay• February 25, 2024 • 2 min read

The startup has reportedly grown from zero to 8 figures in annual recurring revenue since emerging from stealth mode.

Venture Capital Startups China

Chinese AI Startup Moonshot Raises $1 Billion with $2.5 Billion Valuation

Chris McKay• February 22, 2024 • 2 min read

The company was founded less than a year ago (march 2023) by 31-year-old AI luminary Yang Zhilin, a Carnegie Mellon PhD graduate formerly with Google Brain and Meta AI.

Venture Capital Startups Biotech & Health

Bioptimus Raises $35M Seed Funding to Build Biology Foundation Models

Richard Banfield• February 20, 2024 • 1 min read

Bioptimus’ mission is to accelerate innovation in biomedicine using the latest advancements in AI, specifically large language models.

Venture Capital Startups

Magic AI Secures $117 Million to Build an AI Software Engineer

Chris McKay• February 16, 2024 • 2 min read

The startup is carving out a niche by focusing on developing an AI software engineer capable of assisting with complex coding tasks and that will act more as a coworker than merely a "copilot" tool.

Venture Capital Startups AI Safety

Bugcrowd Lands $102M to Expand Crowdsourced Security Platform

Richard Banfield• February 12, 2024 • 2 min read

The new capital will support continued enhancements of Bugcrowd's software-as-a-service platform, investments in sales, marketing and partnerships, as well as potential M&A opportunities to expand its capabilities.

Venture Capital Startups Healthcare

Ambience Healthcare Secures $70M as Investors Bet on AI to Transform Healthcare Workflows

Chris McKay• February 6, 2024 • 2 min read

A key ingredient in Ambience’s early success is custom-tailoring its AI to support the unique needs of specialties from oncology to pediatrics. This ensures clinical nuance is accounted for instead of a one-size-fits-all model that may fail to resonate.

Venture Capital Startups

Galileo AI Raises $4.4M and Launches Public Beta of Prompt-to-UI AI Design Tool

Chris McKay• February 6, 2024 • 2 min read

Galileo AI is like ChatGPT for interface design, offering a user-friendly platform where users can input simple prompts to generate high fidelity design layouts.

Venture Capital Startups

AI Video Platform Colossyan Raises $22M to Expand Interactive Learning

Richard Banfield• February 6, 2024 • 2 min read

Over the past year, Colossyan achieved remarkable 600% platform growth with customers including Novartis, Vodafone, and Paramount.

Venture Capital Startups

Swiss AI Startup Jua Raises $16 Million to Model the Natural World

Richard Banfield• February 5, 2024 • 2 min read

The company’s first model focuses on highly accurate weather and climate forecasting, claiming capabilities like 16-day forecasts and "extreme high accuracy" surpassing traditional models.

Venture Capital Startups

DataSnipper Secures $100M as Investors Bet on AI for Accountants

Richard Banfield• February 2, 2024 • 2 min read

By meeting overworked accounting teams where they already work everyday - in Excel - instead of introducing yet another new platform, DataSnipper achieves rapid adoption and loyalty.