Startups - Maginative (Page 3)

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.

Venture Capital Startups

LightBeam.ai Secures $17.8M for its AI-powered Data Protection Platform

Richard Banfield• February 1, 2024 • 2 min read

The funding will fuel investments in LightBeam's vision of bringing together data security, privacy and AI governance controls. I

Venture Capital Startups

Codeium Raises $65 Million Series B for AI Coding Toolkit

Chris McKay• January 31, 2024 • 2 min read

The platform's unique selling point lies in its proprietary AI models, designed to integrate seamlessly with a developer's codebase.

Venture Capital Startups

German AI Chip Startup Semron Raises $7.9M for 3D AI Tech

Richard Banfield• January 30, 2024 • 1 min read

This innovative design addresses the key challenges faced by modern semiconductor development, including cost, size, and energy consumption.

Venture Capital Startups

Kore.ai Secures $150M To Scale Enterprise AI Platform

Chris McKay• January 30, 2024 • 2 min read

Kore.ai’s open, no-code platform allows companies to easily develop and deploy AI assistants for common business use cases across industries like banking, healthcare, and retail.

Venture Capital Startups

Rebellions Inc. Raises $124M in Series B Funding to Accelerate AI Chip Development

Richard Banfield• January 29, 2024 • 2 min read

Rebellions aims to utilize the new funds to develop its third-generation AI processor, code-named “Rebel” that was built in partnership with Korean tech titan Samsung Electronics.

Venture Capital Startups

Wondercraft Raises $3 Million Seed Funding

Chris McKay• January 29, 2024 • 2 min read

Since its beta launch last year, the startup has already attracted over 30,000 early users and already powers many of the biggest titles in podcasting.

Venture Capital Startups India

Krutrim Becomes India's First AI Unicorn After $50 Million Fundraise

Richard Banfield• January 26, 2024 • 2 min read

Krutrim is ambitiously working on an entire AI infrastructure, including data centers and, eventually, servers and supercomputers.

Venture Capital Startups

Qdrant Secures $28M for Open Source Vector Database Tech

Chris McKay• January 23, 2024 • 2 min read

The new funding will focus primarily on team growth, allowing Qdrant to scale its business operations and better support global enterprise customers with its database technology.

ElevenLabs Venture Capital Startups

ElevenLabs Becomes First Voice AI Unicorn With $80 Million Series B

Richard Banfield• January 22, 2024 • 3 min read

This brings the total amount raised so far to $101M, and puts its valuation at an impressive $1.1 billion.

Manufacturing AI Tech Startups

Mitsubishi Electric Takes Stake in AI Inspection Startup HACARUS

Chris McKay• January 21, 2024 • 2 min read

The partnership is a nod towards the future of manufacturing where AI plays a central role in addressing labor shortages and enhancing quality control.

Venture Capital Startups

Sakana AI Raises 30M Seed Funding to Pursue Nature-Inspired AI

Chris McKay• January 16, 2024 • 2 min read

Early funding and support underscores the confidence top-tier investors have in Sakana AI's potential.

Venture Capital Startups

SK Networks Invests $19 Million in Upstage

Chris McKay• January 12, 2024 • 1 min read

Upstage has garnered attention for its innovative approach in the small-scale Large Language Model (ssLLM) market, specializing in private, domain-specific models that prioritize information security.

Google Startups

Google Launches New Accelerator for Women-Led AI Startups in Europe and Israel

Chris McKay• January 12, 2024 • 1 min read

Applications for the Google for Startups Accelerator: Women Founders are open until January 19th, 2024, inviting women founders actively building with AI in Europe and Israel to apply.

Venture Capital Startups

Luma AI Raises $43M Series B and Releases Genie 1.0

Chris McKay• January 9, 2024 • 2 min read

The Series B round was led by the influential venture capital firm Andreessen Horowitz, and brings Luma's total funding to $70 million.

Venture Capital Startups

Quora Lands $75M from a16z to Fuel Expansion of AI Chat Platform Poe

Chris McKay• January 9, 2024 • 2 min read

Launched nearly a year ago, Poe has rapidly gained traction, amassing millions of users. With this new injection of funds, Quora aims to significantly enhance Poe's capabilities and user base.

Venture Capital Startups

Contents.com Secures $18 Million Series B to Drive AI Content Creation Platform Growth

Chris McKay• January 8, 2024 • 2 min read

In addition to funding, Contents.com gains strategic advantage through its powerful investors. Sinergia Venture Fund is the lead backer, providing operational support and access to an extensive network across the European tech ecosystem.

Venture Capital Startups Healthcare

Nabla Secures $24 Million in Series B Funding to Accelerate Healthcare Copilot Rollout

Richard Banfield• January 5, 2024 • 2 min read

Their Copilot platform is integrated with major Electronic Health Records systems like Epic and Nextgen, and already handles over 3 million consultations annually in three languages.

Venture Capital Startups

Perplexity Raises $73 Million Series B Round

Chris McKay• January 4, 2024 • 2 min read

Launched less than two years ago, Perplexity has already attracted 10 million monthly active users to its AI-powered search engine and handled more than half a billion queries in 2023 alone.

Intel Startups

Intel Spins Out Generative AI Software Company Articul8

Richard Banfield• January 3, 2024 • 2 min read

This strategic move by Intel aligns with its broader efforts to diversify and seek external capital for its business units.

Venture Capital Startups

Robin AI Raises $26M as Legal Sector Embraces AI Copilots

Richard Banfield• January 3, 2024 • 1 min read

The service has seen 5x year-over-year revenue growth as Fortune 500 brands signed on, including Pepsico, PwC, and Yum Brands.

Venture Capital Startups Military & Defense

Shield AI Secures Additional Series F Funding, Elevating Total to $500M

Chris McKay• December 29, 2023 • 2 min read

This strategic financial boost underscores the growing interest and confidence in the transformative potential of AI in the aerospace and defense sectors.

Anthropic Venture Capital Startups

Anthropic's Meteoric Revenue Rise Signals Generative AI's Enterprise Momentum

Chris McKay• December 28, 2023 • 1 min read

The revenue update comes as Anthropic raises ~$750 million from Menlo Ventures and others at a $15 billion valuation, highlighting heightened investor enthusiasm.