Artificial Intelligence

Exa: Search-Focused AI Company Secures $22 Million

By Amit Chowdhry ● Today at 1:54 AM

Exa - an AI research lab redesigning search - announced $22 million in seed and Series A funding led by Lightspeed Venture Partners, with participation from NVentures (NVIDIA's venture capital arm), and Y Combinator. This funding will accelerate Exa’s goal of building the search engine for AI.

Shaped.ai: AI Recommendation And Search Platform Raises $8 Million

By Amit Chowdhry ● Today at 1:23 AM

Shaped.ai, an AI recommendation and search platform for marketplaces, e-commerce, and content companies, announced funding of $8 million and the launch of their new self-serve cloud product.

Lakera: GenAI Security Company Raises $20 Million

By Amit Chowdhry ● Today at 12:02 AM

Lakera, a leading real-time Generative AI (GenAI) Security company, announced it has raised $20 million in a Series A funding round. This funding round was led by Atomico, with participation from Citi Ventures, Dropbox Ventures, and existing investors including redalpine. This round brings Lakera's total funding to $30 million.

Leya: AI-Driven Legal Technology Company Closes $25 Million In Series A

By Amit Chowdhry ● Yesterday at 6:19 AM

Leya, a pioneer in AI-driven legal technology, announced the successful closing of a $25 million Series A funding round. This funding round was led by Redpoint Ventures, with participation from existing investors Benchmark, Y Combinator, and Wayfinder Ventures and the new addition of Alt Capital.

Medal: AI Assistant Company Secures $13 Million At $333 Million Valuation

By Amit Chowdhry ● Jul 22, 2024

Medal - an AI company that is behind the popular MedalTV clipping app - announced the launch of Highlight, its groundbreaking AI assistant platform designed to alter how users interact with popular AI models. And Medal also announced a $13 million funding round from Horizons Ventures, OMERS Ventures, peak6, and Arcadia Investments, valuing the company at $333 million post-money.

Buildots: AI-Based Construction Software Company Closes $15 Million

By Amit Chowdhry ● Jul 22, 2024

Buildots, an AI-based construction software company, announced a $15 million investment led by Intel Capital with participation from OG Tech Partners and previous investors. In connection with the funding, Lisa Cohen, Investment Director at Intel Capital, will join as a board observer.

Regard: AI-Based Clinical Insights Company Raises $61 Million

By Amit Chowdhry ● Jul 22, 2024

Regard, an AI-based clinical insights platform that empowers clinicians to unlock the full potential of patient data, announced the closing of a $61 million Series B financing round, led by Oak HC/FT, with participation from Cedars-Sinai Health Ventures, and existing investors TenOneTen Ventures, Calibrate Ventures, and Techstars.

SWIPEBY: How This AI Commerce Company Helps SMBs Thrive

By Amit Chowdhry ● Jul 22, 2024

SWIPEBY is an AI commerce platform for small-to-medium sized businesses (SMBs). To learn more about the company, Pulse 2.0 interviewed SWIPEBY CEO Carl Turner.

Arkion: AI-Based Grid Inspection Data Solution Company Raises $4 Million

By Amit Chowdhry ● Jul 22, 2024

Arkion, formerly known as Skyqraft, an AI-powered software solution that transforms overhead power lines inspection data into condition assessments of all assets, announced the successful closing of a $4 million funding round. This round was led by Subvenio Invest, with participation from Neptunia Invest, and Antler.

Momento: $15 Million Raised To Make Real-Time Data Infrastructure Easier At Enterprise Scale

By Amit Chowdhry ● Jul 21, 2024

Momento, a real-time data platform founded by the engineering team that built DynamoDB, announced it raised $15 million in a Series A round led by Bain Capital Ventures to expand on its vision of hassle-free infrastructure for interactive experiences at a global scale. Existing investors Bain Capital Ventures and The General Partnership pre-empted the latest round, a sign of confidence in the company's growth. And additional angel investors include Marianna Tessel (EVP and General Manager at Intuit), Neha Narkhede (co-founder of Confluent), Tom Killalea (first CISO of Amazon), Don MacAskill (CEO of Flickr/SmugMug), and John Lilly (former CEO of Mozilla).

Armada: Edge Computing Company Raises $40 Million

By Amit Chowdhry ● Jul 21, 2024

Armada, an edge computing pioneer transforming the future of connectivity, computing and AI, announced a $40 million funding round led by M12 (Microsoft's Venture Fund), raising its total to over $100 million.

Seismos: AI-Based Acoustic Sensing Company Raises $15 Million

By Amit Chowdhry ● Jul 21, 2024

Seismos and Edison Partners announced a new $15 million growth investment to enable and accelerate the energy industry’s shift from analog-focused exploration and production to digital infrastructure and autonomous production operations.

Hayden: Vision AI Platform Company Raises $90 Million

By Amit Chowdhry ● Jul 21, 2024

Hayden AI Technologies, a leader in vision AI solutions for smart cities, announced $90 million in new growth equity financing. This Series C round was led by The Rise Fund and was supported by existing investors such as the Drawdown Fund and Autotech Ventures, and others.

Thoughtful AI: AI-Based Revenue Cycle Automation Company Secures $20 Million

By Amit Chowdhry ● Jul 18, 2024

Thoughtful AI, an AI-based revenue cycle automation company, today made several announcements highlighting its forward momentum, including the launch of the world’s first fully human-capable AI Agents specializing in healthcare revenue cycle management (RCM), solid growth metrics, and $20 million in new funding through a Series A round led by Nick Solaro of Drive Capital with participation from TriplePoint Capital.

Parrot AI: How This Collaborative Workspace Company Turns Conversations Into Results

By Amit Chowdhry ● Jul 18, 2024

Parrot AI is a collaborative workspace that turns conversations into results because the company understands the full context of your business. Pulse 2.0 interviewed Parrot AI co-founder and CEO Paul Morville to learn more about the company.

Bioniq: AI-Based Personalized Supplement Company Secures $15 Million At $75 Million Valuation

By Amit Chowdhry ● Jul 17, 2024

Bioniq, a company founded in 2019 and renowned for its personalized supplements based on blood biomarker data, today announced the closing of its $15 million Series B funding round. This oversubscribed round was led by Principal Investors HV Capital and Unbound. Now, the company is valued at $75 million, and it will use the funding to further expand its global market share through continued disruption of the dietary supplements market.

Amity: $60 Million Raised For Transforming Legacy Products With AI

By Amit Chowdhry ● Jul 17, 2024

Amity Solutions (ASOL)—a leading software and AI business from Thailand and its parent company, Amity Corporation—announced the completion of a US$60 million Series C financing round. This funding round will support the company's mission to transform customer engagement software products into GenAI-centric applications that can create significantly more value and utility for enterprises.

Menlo Ventures And Anthropic Launching $100 Million Anthology Fund For Accelerating AI Innovation

By Amit Chowdhry ● Jul 17, 2024

Venture capital firm Menlo Ventures announced the Anthology Fund, a groundbreaking $100 million initiative created in partnership with Anthropic, which is the frontier AI safety and research company. The Anthology Fund looks to partner with innovative founders for building unique AI-first applications and infrastructure solutions that leverage Anthropic’s technology and AI models.

Scoop Analytics: Bringing A New Approach To Accelerated Business Performance In A $50+ Billion Market

By Amit Chowdhry ● Jul 16, 2024

Scoop Analytics is a company that offers a radical new approach to driving business performance by slashing the barriers analysts face in gathering, manipulating, and analyzing core business data. Pulse 2.0 interviewed Scoop Analytics CEO Brad Peters to learn more about the company.

Zetaris: Simplifying And Expediting Data Analysis In A $184 Billion Market

By Amit Chowdhry ● Jul 15, 2024

Zetaris is a unique analytical data virtualization solution that simplifies and expedites data analysis. It is decentralized, so data doesn't have to be moved into a centralized data warehouse, cloud, or lake for analysis. Pulse 2.0 interviewed Zetaris founder and CEO Vinay Samuel to learn more about the company.

Endor Labs: Strategic Investment Raised From Citi Ventures

By Amit Chowdhry ● Jul 15, 2024

Supply chain security software leader announced a strategic investment from Citi Ventures today. This investment further validates Endor Labs’ unique approach to securing the software supply chain and it comes less than a year after the company raised $70 million in an oversubscribed Series A funding round from Lightspeed Venture Partners (LSVP), Coatue, Dell Technologies Capital, Section 32 and more than 30 industry-leading CEOs, CISOs and CTOs.

Enso Raises $6 Million To Advance Ecosystem Of Guided AI Agents

By Amit Chowdhry ● Jul 14, 2024

Enso has unveiled the industry's first ecosystem of Guided AI Agents, offering small to medium-sized business (SMBs) with AI-powered Service-as-a-Software. Driving Enso's launch is a $6 million seed funding round led by NFX with participation from top angel investors like Yossi Matias (head of AI Google Research), Shmil Levy (ex-GP at Sequoia Capital), Dark Mode ventures, and operators from top companies including Slack, Twitter, OpenAI, and more.

Enterprise Data Company Nasuni Raises Funding At $1.2 Billion Valuation

By Amit Chowdhry ● Jul 13, 2024

Nasuni, a leading enterprise data platform for modern hybrid cloud environments, announced a strategic growth investment led by Vista Equity Partners. And Vista will be joined by TCV and KKR in the new investment, which values Nasuni at about $1.2 billion. The terms of the transaction were not disclosed.

Skild AI: $300 Million In Series A Raised At $1.5 Billion Valuation To Build A Foundational Model For Robotics

By Amit Chowdhry ● Jul 12, 2024

Skild AI, an AI robotics company building a scalable foundation model for robotics, today announced it has closed a $300 million Series A funding round. The round was led by Lightspeed Venture Partners, Coatue, SoftBank Group, and Jeff Bezos (via Bezos Expeditions), with participation from Felicis Ventures, Sequoia, Menlo Ventures, General Catalyst, CRV, Amazon, SV Angel, and Carnegie Mellon University. The funding brings the company to a valuation of $1.5 billion.

SKROL: $1.2 Million In Pre-Seed Raised To Help SMBs With The Acquisition Process

By Amit Chowdhry ● Jul 12, 2024

SKROL, an AI-powered platform transforming how small and mid-size businesses (SMBs) are acquired and transformed, announced its launch out of stealth. The company also revealed that it raised a pre-seed funding round led by Magnetic Capital (led by David Rosskamp) - which is a venture fund that was also an early investor of Grover, a company that was also founded by SKROL CEO and founder Michael Cassau.

Biostate AI: Scalable Biodata Foundry Company Raises Over $4 Million

By Amit Chowdhry ● Jul 12, 2024

Biostate AI, a scalable biodata foundry startup, emerged from stealth recently with the launch of two service products: Total RNA sequencing and Copilot for RNAseq data analysis. Biostate AI also revealed it has raised over $4 million in venture funding. Matter Venture Partners led the funding round, with participation from institutional investors Vision Plus Capital, Catapult VC, and the California Institute of Technology through the Caltech Seed Fund. Individual investors in the round included Dario Amodei (CEO of Anthropic), Joris Poort (CEO of Rescale), Michael Schnall-Levin (CTO of 10X Genomics) and Emily Leproust (CEO of Twist Bioscience).

Niva: Business Identity Platform Company Raises Over $3.3 Million

By Amit Chowdhry ● Jul 11, 2024

Global business identity platform company Niva has officially launched and the company introduced an AI-based solution built to overcome the challenges of establishing trust in businesses internationally. With renowned customers and over $3.3 million in funding led by Gradient Ventures (Google’s AI-focused venture fund) along with participation from Picus Capital, Canary, Gilgamesh Ventures, and key executives from Chime, Deel, Enigma, and Faire, Niva is prepared to transform the complex landscape of global commerce.

EvolutionaryScale: Biology AI Research Lab Company Raises $142 Million In Seed Funding

By Amit Chowdhry ● Jul 10, 2024

EvolutionaryScale, a frontier AI research lab for biology, launched recently with ESM3, a milestone AI model capable of generating novel proteins. ESM3 generated a new Green Fluorescent Protein (GFP), which is a process that would take 500 million years of evolution to occur naturally. The company also announced a seed round of more than $142 million, led by Nat Friedman and Daniel Gross, and Lux Capital, with participation from Amazon, NVentures (NVIDIA’s venture capital arm) and angel investors. This funding will be used for further expanding the capabilities of its models.

Rohirrim: RFP AI Automation Company Raises Funding From Bessemer And IBM Ventures

By Amit Chowdhry ● Jul 10, 2024

Rohirrim, a leading Request for Proposal (RFP) AI automation platform, announced today that Bessemer Venture Partners and IBM Ventures made strategic investments in the company. And these investments will further drive Rohirrim's goal of helping businesses grow by streamlining and strengthening their RFP response strategy.

Coder Secures $35 Million For Modernizing Enterprise Development Environments

By Amit Chowdhry ● Jul 10, 2024

Coder, a development platform keeping developers in flow, announced it has secured $35 million in funding to broaden its open source footprint, evolve cloud development environments (CDEs), and expand globally. Georgian led the round and they were joined by existing investors Uncork Capital, Notable Capital, and Redpoint Ventures. This funding brings Coder's total Series B funding to $65 million. And Russell Moore (investor at Georgian) will join Coder's Board of Directors.