Artificial Intelligence

Lightning AI: $50 Million Secured For Scaling Development Environments

By Amit Chowdhry ● Nov 21, 2024

Lightning AI, the creator of the PyTorch Lightning framework, announced a $50 million equity investment from Cisco Investments, J.P. Morgan, K5 Global, and NVIDIA, bringing the total funding to $103 million.

Teleo: $16.2 Million (Series A Extension) Raised To Build Autonomous Technology For Heavy Equipment

By Amit Chowdhry ● Nov 21, 2024

Teleo, a company building autonomous technology for heavy equipment, today announced it has raised $16.2 million in Series A extension funds along with the company's previously announced Series A funding round. The company will use the funds to scale customer deployments and continue its expansion in new industries that use heavy machinery, such as wheel loaders, terminal tractors, excavators, etc.

Theo Ai: Litigation Platform Company Raises $2.2 Million (Pre-Seed)

By Amit Chowdhry ● Nov 21, 2024

Theo Ai, the first predictive AI platform for litigation, announced $2.2 million in pre-seed funding. NextView and NVP Capital co-led the round, which also included Ripple Ventures, Beat Ventures, and SCVC Fund.

Cardo AI: Asset-Based Finance And Private Credit Technology Platform Company Secures $15 Million (Series A)

By Amit Chowdhry ● Nov 21, 2024

Cardo AI, a next-generation asset-based finance and private credit technology platform, announced it has completed its $15 million Series A round. The funding was co-led by Blackstone Innovations Investments, Blackstone's early-stage strategic investment arm, FINTOP Capital, and JAM FINTOP. Andy Horwitz and Kevin MacDonald, co-founders of Black Mountain Systems, also participated in the round.

Cortechs.ai: Funding Round Raised To Transform AI-Based Neuroimaging And Oncology Solutions

By Amit Chowdhry ● Nov 21, 2024

Cortechs.ai, a leader in AI-based neuroimaging and prostate imaging solutions, is pleased to announced the closing of an oversubscribed Series C funding round led by VILAS Ventures. And existing investor Genting Berhad, a global conglomerate, participated in the round as well.

Dash Bio: Interview With Co-Founder & COO Ander Tallett About The Clinical Bioanalysis Company

By Amit Chowdhry ● Nov 21, 2024

Dash Bio is a company that is transforming clinical bioanalysis to expedite drug development. By utilizing AI and robotics, the company delivers higher-quality assays with turnaround times up to 10 times faster than the industry average for clinical trials and GLP studies. Pulse 2.0 interviewed Dash Bio co-founder and COO Ander Tallett to learn more about the company.

Sama: Interview With CEO Wendy Gonzalez About The AI-Based Data Annotation And Model Evaluation Leader

By Amit Chowdhry ● Nov 21, 2024

Sama is a global leader in ethical data annotation and model evaluation solutions for computer vision, generative AI, and other major applications of artificial intelligence. Pulse 2.0 interviewed Sama CEO Wendy Gonzalez to learn more about the company.

SportAI: Interview With CEO Lauren Pedersen About The B2B Sports Technology Company

By Amit Chowdhry ● Nov 20, 2024

SportAI is a B2B sports technology company based in Oslo, Norway, that utilizes AI to provide real-time sports technique analysis. And the company focuses on using computer vision and machine learning to democratize access to elite-level analysis for businesses across the sports industry. Pulse 2.0 interviewed SportAI CEO Lauren Pedersen to learn more about the company.

Citizen Health: $14.5 Million (Seed) Raised For Transforming Health Experiences

By Amit Chowdhry ● Nov 20, 2024

Citizen Health, an AI-based consumer health platform designed to support 400+ million individuals managing rare and complex conditions, announced the closing of a $14.5 million seed round. This funding round was led by Transformation Capital, with participation from Wavemaker 360 and prominent angel investors. This fundraising is further strengthened by a strategic program investment and partnership with the Chan Zuckerberg Initiative (CZI).

Distyl: AI-Based Automation Company Raises $20 Million (Series A)

By Amit Chowdhry ● Nov 20, 2024

Distyl announced it has raised $20 million in Series A funding to drive its growth and to meet the accelerating demand from its Fortune 100 customers. This funding round adds Lightspeed Venture Partners, who led the round, and Khosla Ventures. And existing investors Coatue, Dell Technologies Capital, and Nat Friedman also joined, along with strategic and angel investors.

Kintsugi AI: Tax Automation Platform Company Raises Series A Funding

By Amit Chowdhry ● Nov 20, 2024

Kintsugi AI, a tax automation platform, announced that it has extended its Series A with an additional investment from Airwallex, bringing the total funding to $10 million. The company’s previous investors include GSRVentures, WestWave Capital, Link Ventures, Venture Highway, KyberKnight, Plug and Play, and DeVC.

Writer: Enterprise-Focused Generative AI Platform Raises $200 Million (Series C) At $1.9 Billion Valuation

By Amit Chowdhry ● Nov 19, 2024

Writer, a full-stack generative AI platform for the enterprise, announced $200 million in Series C venture funding at a $1.9 billion valuation. The funding round was co-led by Premji Invest, Radical Ventures, and existing investor ICONIQ Growth, with participation from investors including Salesforce Ventures, Adobe Ventures, B Capital, Citi Ventures, IBM Ventures, and Workday Ventures. Existing investors Accenture, Balderton, Insight Partners, and Vanguard supported the funding round.

Shiru: Ingredient Discovery Company Raises $16 Million

By Amit Chowdhry ● Nov 19, 2024

Shiru - a pioneer in AI-based ingredient discovery - announced it has secured a $16 million investment round as it leads a revolution in how ingredients are discovered and developed across multiple industries.

ChapsVision: AI-Based Data Processing Company Raises $90 Million And Buys Sinequa

By Amit Chowdhry ● Nov 18, 2024

ChapsVision, a leader in AI-based data processing, announced the acquisition of Sinequa - which is an AI-based enterprise search and Retrieval-Augmented Generation (RAG) company. And this strategic acquisition, combined with a new $90 million (€85 million) investment led by Tikehau Capital, Qualium Investissement, Bpifrance, GENEO Capital, and Jolt Capital, accelerates ChapsVision’s growth, strengthens its global presence, and expands technology capability.

Fastino: AI Model Provider Company Secures $7 Million (Pre-Seed)

By Amit Chowdhry ● Nov 18, 2024

Fastino, a new foundation AI model provider, launched recently to provide a family of task-optimized language models that are more accurate, faster, and safer than traditional LLMs. And the company also announced its $7 million pre-seed funding round led by global software investor Insight Partners and M12, Microsoft’s Venture Fund, with participation from NEA, CRV, Valor, Github CEO Thomas Dohmke, and others.

Interview With Zameer Rizvi, CEO Of Odesso: A Company Transforming The US Healthcare System With GenAI

By Amit Chowdhry ● Nov 14, 2024

Odesso transforms healthcare operations through AI-driven automation and helps organizations enhance efficiency, reduce costs, and maintain compliance. Pulse 2.0 interviewed Odesso CEO Zameer Rizvi to learn more about the company.

Kidas: Interview With Founder & CEO Ron Kerbs About The Cyberbullying Protection Company

By Amit Chowdhry ● Nov 13, 2024

Kidas is the only online bullying and predator protection software for your child’s PC games. Pulse 2.0 interviewed Kidas founder and CEO Ron Kerbs to learn more about the company.

JGGL: Interview With CEO Misha Nuteki About The AI-Based Art Studio

By Amit Chowdhry ● Nov 12, 2024

JGGL is an ecosystem that makes it easier to create fresh content, such as visuals, beats, or anything in between, with the power of AI. Pulse 2.0 interviewed JGGL CEO Misha Nuteki to learn more about the company.

Siit: AI-Based Service Desk Solution Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 11, 2024

Siit announced it has officially launched an AI-based Service Desk solution for IT and internal operations teams. Along with the product debut, Siit also revealed it has raised $5 million in a Seed round led by StageOne Ventures and Seventure Partners. This funding round will accelerate product development, expand market presence, and fuel Siit's ambitious growth plans.

Pagaya: AI-Based Product Solutions Company Raises $1 Billion

By Amit Chowdhry ● Nov 11, 2024

Pagaya Technologies - a global technology company delivering AI-driven product solutions for the financial ecosystem - announced the closing of PAID 2024-10 and RPM 2024-3, totaling $1 billion in size across both deals. And this represents the company’s fourth AAA-rated personal loan ABS transaction and its first AA-rated auto ABS transaction.

PuppyGraph: Query Engine Company Raises $5 Million (Seed)

By Amit Chowdhry ● Nov 9, 2024

Algorized: Advanced People-Sensing Platform Company Secures $4.3 Million (Seed)

By Amit Chowdhry ● Nov 9, 2024

Algorized, an AI-based platform pioneering advanced people-sensing and positioning software, announced it has raised $4.3 million in seed funding to drive innovation in people sensing and support safer and seamless human-machine interaction. This funding round was led by Amazon Industrial Innovation Fund, with participation from Acrobator Ventures, Berkeley SkyDeck Fund, CoreNest Capital, Shucker Ventures and other strategic investors.

UnifyApps: Unified Enterprise AI Agent Platform Raises $20 Million (Series A)

By Amit Chowdhry ● Nov 8, 2024

UnifyApps, a Unified Enterprise AI Agent platform, announced today the closing of a $20 million Series A funding round led by ICONIQ Growth. Existing investors, including Elevation Capital, participated in this latest round, which brings the company’s total funding to $31 million.

Normal Computing Picked For ARIA’s £50 Million Scaling Compute Program

By Amit Chowdhry ● Nov 8, 2024

AI and hardware company Normal Computing UK was picked as one of 12 teams awarded funding from the Advanced Research + Invention Agency (ARIA) Scaling Compute Programme. This program, backed by £50 million in funding, aims to reduce AI hardware costs by 1000x while diversifying the semiconductor supply chain.

FYLD: AI-Based Fieldwork Effectiveness Platform Company Raises $10 Million

By Amit Chowdhry ● Nov 8, 2024

FYLD, an AI-based fieldwork effectiveness platform for the global infrastructure sector announced that NatWest (one of the UK's largest business and commercial banks) has provided $10 million of growth capital to FYLD. This banking partnership will enable expedited investments and continued growth across markets, especially as FYLD scales past the development stage.

Knexus: AI Solutions Provider Closes Growth Equity Funding Round

By Amit Chowdhry ● Nov 7, 2024

Knexus, a leading provider of AI solutions, announced today that it has closed an equity investment from Scare the Bear Capital, which is an investment firm focused on driving growth within the small business community.

Naptha AI: $6 Million Raised For Orchestrating Multiple AI Agents

By Amit Chowdhry ● Nov 7, 2024

Naptha AI, a platform that orchestrates multiple AI agents to optimize performance and drive innovation, announced a $6 million pre-seed raise, co-led by Arche Capital and Cyber Fund. This pre-seed funding is substantial for an initial fundraising of outside capital, positioning Naptha AI at the forefront of the next evolution of artificial intelligence. This funding round also includes participation from several other prominent industry angels and VCs, such as Seed Club Ventures, Polymorphic Capital, GnosisDAO, Halo Capital, and many others.

Verax AI: $7.6 Million (Seed) Raised In Round Led By TQ Ventures

By Amit Chowdhry ● Nov 7, 2024

Verax AI, a developer of enterprise-grade software solutions that offer visibility and control of AI in production, announced that it raised $7.6 million in seed funding led by TQ Ventures with participation from Concept Ventures, Cardumen Capital, Seedcamp, InMotion Ventures, and XTX Ventures.

Advex AI: Manufacturing AI Vision Company Secures $3.5 Million (Seed)

By Amit Chowdhry ● Nov 7, 2024

Advex AI, a company that is addressing the critical data problem in AI Vision for manufacturing, announced their $3.5 million seed funding round led by Construct Capital, with participation from Pear VC, Emerson Collective, and notable angel investors Arash Ferdowsi (Dropbox founding CTO) and Ankit Jain (Infinitus CEO). The company also revealed its selection as a top 20 Finalist at this year's TechCrunch Disrupt Startup Battlefield.

Algebrik AI: $4 Million (Series A) Raised To Advance Cloud-Native Loan Origination Platform

By Amit Chowdhry ● Nov 7, 2024

New York City-based Algebrik AI, a cloud-native and AI-based Loan Origination Platform, announced that it has successfully secured $4 million in Series A funding to accelerate the development of its groundbreaking loan origination software. The investment will be disbursed in two phases.