Mistral AI Valuation Skyrockets to $6 Billion
According to sources, Mistral AI is on the verge of securing $600 million in funding from investors, including prominent venture capital firms General Catalyst and Lightspeed Venture Partners.
Startups
A collection of 177 posts
Freepik Scoops Up AI Image Upscaler Magnific
The acquisition is a strategic move for Freepik, as it seeks to bolster its AI capabilities and expand its global reach.
Espresso AI Raises $11M to Cut Cloud Costs with Generative AI
By using AI to analyze and optimize SQL queries, Espresso claims to reduce cloud compute costs by up to 80%.
Neurable Secures $13M to Bring Brain-Computer Interface Technology to Everyday Products
With this new investment, the company plans to expand their platform and licensing business, making their unique, non-invasive BCI technology accessible to a wide range of consumer products
Wayve Raises Over $1 Billion to Bring Embodied AI to Autonomous Driving
The funding will enable Wayve to fully develop and launch their first Embodied AI products in partnership with automakers and fleet operators.
Lamini Secures $25 Million Funding to Bring Enterprise AI In-House
With this funding, Lamini aims to provide enterprises with the tools to develop their own AI solutions, tailored to their specific needs.
CoreWeave's Valuation Skyrockets to $19 Billion in Latest Funding Round
The $1.1 billion investment comes just five months after a previous round that valued the seven-year-old company at $7 billion.
Cognition AI Raises $175M at $2B Valuation, One Month After Series A
Cognition AI's rapid ascent in valuation is not an isolated case. The company joins a growing list of AI startups attracting massive investments despite generating little to no revenue.
Dropzone AI Raises $16.85M to Empower SOCs with Autonomous AI Investigations
The company's AI SOC analysts are designed to replicate the techniques of elite human analysts, reducing manual analysis by up to 90%.
Augment Emerges from Stealth with $252M to Supercharge Software Development with AI
The funding will be used to accelerate product development and build out its product, engineering, and go-to-market functions as it prepares for rapid growth.
Parloa Secures $66M Series B to Scale AI-Powered Customer Service
The company's solution enables organizations to deliver personalized, dynamic, and human-like experiences to customers while reducing wait times and automating routine tasks for employees.
FlexAI Launches with $30M in Funding to Simplify AI Compute Infrastructure
FlexAI's universal AI compute platform will enable developers to utilize multiple hardware configurations without the hassle of manual code changes.
NVIDIA to Acquire GPU Orchestration Software Provider Run:ai
The company's platform simplifies the management and optimization of AI hardware infrastructure, enabling efficient use of computing resources across shared accelerated computing infrastructure.
Perplexity Raises $62.7M, Unveils Enterprise Pro, and Partners with SoftBank and Deutsche Telekom
Enterprise Pro boasts enhanced features such as increased data privacy, user management, SOC2 certification, and single sign-on (SSO) integration.
AI Has an Energy Problem, Exowatt Plans to Solve It
Exowatt, a next-generation renewable energy company, has emerged from stealth with a novel solution to tackle the escalating energy demands of AI and data centers.
Mentee Robotics Unveils AI-Powered Humanoid Robot for Household and Warehouse Applications
Mentee Robotics describes its creation as an "AI-first" robot, setting it apart from many other players in the space.
Microsoft Invests $1.5 Billion in UAE's G42
The deal is backed by an unprecedented Intergovernmental Assurance Agreement, ensuring the secure and responsible deployment of AI in close coordination with the UAE and U.S. governments.
Cathie Woods Bets Big on AI, Acquires Stake in OpenAI
In a message to investors: As of April 10, 2024, the Ark Venture Fund invests in OpenAI, referring to its $54 million VC fund. OpenAI is at the forefront of a Cambrian explosion in artificial intelligence capability.
Patlytics Raises $4.5M Seed Round to Reimagine Patent Workflow with AI
The platform offers end drafts, extensive chart solutions, and incorporates human participation alongside its AI-powered insights and analytics.
Udio is a New AI Music Generation App that Rivals Suno with Powerful Creation Tools
Their app, which was previously only available in closed beta, has already garnered attention from prolific artists and music producers who have provided feedback to enhance the user experience.
Symbolica Raises $31M to Redesign AI with Structured Reasoning
By applying category theory, Symbolica aims to develop models capable of structured reasoning. This means that instead of simply predicting the next word, these models will be able to logically process, organize, and generate information based on a set of rules or structured understanding.
Archetype AI Raises $13M, Emerges from Stealth with Newton, a Foundation Model for Understanding the Physical World
At the core of Archetype AI's Large Behavior Model is a universal embedding space that integrates all sensor data into a single compressed mathematical representation of the physical world, updated in real time.
SiMa.ai Raises Additional $70M to Bring its Multimodal Generative AI Chips to Edge Devices
SiMa.ai's proprietary combination of silicon and software allows the MLSoC to adapt to any framework, network, model, sensor, or modality, making it a versatile platform for edge AI applications.
Higgsfield AI Raises $8M to Bring Personalized AI to Social Media Video Creation
The startup plans to stand out from competitors by focusing on a mobile-first, social-forward go-to-market strategy.
Read AI Raises $21M to Transform Work with Connected AI for Meetings, Email, and Messaging
Read AI was founded in 2021 by David Shim, Robert Williams, and Elliott Waldron and has raised over $32 million to date.