Artificial Intelligence

DeepRoute.ai: $100 Million (Series C1) Raised To Develop Smart Driving Solutions

By Amit Chowdhry ● Nov 7, 2024

DeepRoute.ai, a leading artificial intelligence company specializing in developing smart driving solutions, announced a strategic Series C1 funding round at $100 million from a Chinese automotive OEM. This funding will enhance research and development in frontier end-to-end model DeepRoute IO, help scale global automakers' collaboration, explore future Robotaxi business, and support recruiting more AI-native talents.

Outrider: Autonomous Yard Operations Company Raises $62 Million (Series D)

By Amit Chowdhry ● Nov 6, 2024

Outrider, a leader in autonomous yard operations for logistics hubs, announced it raised $62 million in an oversubscribed Series D financing round. The round was led by Koch Disruptive Technologies (KDT) and New Enterprise Associates (NEA), with additional investments from 8VC, ARK Invest, B37 Ventures, FM Capital, Interwoven Ventures, NVentures (NVIDIA’s venture capital arm), and Prologis Ventures. This funding round will drive the commercial scaling of Outrider’s autonomous yard operations as a service with many large customers in 2025 and strengthen its position at the forefront of logistics automation.

Fixify: AI-Based IT Help Desk Solution Provider Secures $25 Million (Series A)

By Amit Chowdhry ● Nov 6, 2024

Fixify, an AI-based IT help desk solution provider, announced that it has closed a $25 million Series A funding round co-led by Costanoa Ventures, Decibel Partners and Paladin Capital Group with participation from Scale Venture Partners. And Fixify combines AI with human experts to empower IT teams to quickly diagnose and resolve issues to enhance the overall help desk experience. The funds will be used to scale its workforce and accelerate product development.

Colossyan: Interview With CEO Dominik Kovacs About the Workplace Learning Company

By Amit Chowdhry ● Nov 6, 2024

Colossyan is the AI video platform for workplace learning. Pulse 2.0 interviewed Colossyan CEO Dominik Kovacs to learn more about the company.

Simbe: Store Intelligence Solutions Company Raises $50 Million (Series C)

By Amit Chowdhry ● Nov 6, 2024

Simbe, a leading provider of Store Intelligence solutions, announced the closing of a $50 million Series C equity financing round led by Growth Equity at Goldman Sachs Alternatives, with participation from Eclipse and Valo Ventures and other existing investors. And since raising its Series B last year, Simbe achieved significant momentum and milestones such as introducing multiple capabilities and securing numerous new and expanded partnerships across various retail sectors.

Wiley And ASU’s Fulton Schools of Engineering Collaborating On AI Tutor

By Amit Chowdhry ● Nov 6, 2024

Wiley and the Ira A. Fulton Schools of Engineering at Arizona State University (ASU) are collaborating to develop a new generative AI-powered tutor to help students succeed in their online computer science labs.

BlinqIO: Interview With CEO & Co-Founder Tal Barmeir About The AI-Based Test Engineer Company

By Amit Chowdhry ● Nov 6, 2024

BlinqIO is a company that developed the first-ever AI test engineers, addressing the severe shortage in test automation. Pulse 2.0 interviewed BlinqIO CEO and co-founder Tal Barmeir to learn more about the company.

CrewAI: Multi-Agent Platform Raises $18 Million (Series A)

By Amit Chowdhry ● Nov 4, 2024

Leading multi-agent platform CrewAI announced $18 million in total funding that included an inception round led by boldstart ventures and a Series A led by global software investor Insight Partners. Additional investors include Blitzscaling Ventures, Craft Ventures, Earl Grey Capital, and several top angels in AI, including Andrew Ng (a recognized voice in AI) and Dharmesh Shah (co-founder and CTO of HubSpot).

Urbint: $35 Million Strategic Growth Equity Raised To Mitigate Threats To Workers

By Amit Chowdhry ● Nov 4, 2024

Urbint, a leading AI platform for identifying and mitigating threats to workers, critical infrastructure, and communities, announced a $35 million strategic investment round led by S2G Ventures with participation from Energize Capital, Blue Bear Capital, National Grid Partners, Zoma Capital and Climate Investment, positioning Urbint to advance its resiliency and storm response solutions for utilities, as an already devastating hurricane season is not yet over.

Neara: AI-Based Predictive Modeling Company Raises $31 Million (Series C)

By Amit Chowdhry ● Nov 4, 2024

Neara, an AI-based predictive modeling software platform for critical infrastructure, announced a $31 million Series C funding round. The funding round was anchored by a consortium led by EQT, with participation from Partners Group (one of the largest firms in the global private markets industry1) and Square Peg Capital (one of the company's earliest investors), with additional support from existing investors Skip Capital and Prosus Ventures.

Sierra: Conversational AI Company Raises $175 Million At $4.5 Billion Valuation

By Amit Chowdhry ● Nov 3, 2024

Sierra, a conversational AI company founded by former Salesforce co-CEO Bret Taylor, announced it raised $175 million in funding led by Greenoaks Capital. ICONIQ and Thrive Capital contributed to this new funding round. This funding round valued Sierra at $4.5 billion, more than quadrupling its $1 billion valuation in January.

Bifrost AI: Generative 3D Data Platform Company Raises $8 Million (Series A)

By Amit Chowdhry ● Nov 2, 2024

Generative 3D data platform Bifrost AI announced it has raised $8 million in Series A funding. Carbide Ventures led this round, which also included Airbus Ventures, Peak XV's Surge (formerly Sequoia Capital India & SEA), Wavemaker Partners, MD One, and Techstars.

Tako: AI-Based Search Company Raises $5.75 Million Seed

By Amit Chowdhry ● Nov 2, 2024

Tako, an AI-based search engine for visualizing and sharing the world's knowledge, announced it raised $5.75 million in a seed funding round led by Kevin Hartz at A* and Ramtin Naimi at Abstract Ventures with participation from Stanley Druckenmiller / Kevin Warsh, Gokul Rajaram, Naval Ravikant, Stan Chudnovsky, Guillermo Rauch (Vercel), Scott Belsky (Adobe), GC Lionetti (OpenAI), George Sivulka (Hebbia), Aravind Srinivas (Perplexity), Johnny Ho (Perplexity), Kanjun Qiu (Outset Ventures), Joe Montana (Liquid2 Ventures), Chase Coleman, Diogo Monica (Haun Ventures), Nathan McCauley (Anchorage Digital), Paul Yacoubian (Copy.ai) and others.

Outset: Interview With Co-Founder & CEO Aaron Cannon About The Qualitative Researching Tool Company

By Amit Chowdhry ● Oct 30, 2024

Outset is a new company that is transforming the qualitative research landscape by harnessing the power of ChatGPT to conduct in-depth interviews at scale. Pulse 2.0 interviewed Outset co-founder and CEO Aaron Cannon to learn more about the company.

Auquan: AI-Based Financial Services Company Raises $4.5 Million (Seed Addition)

By Amit Chowdhry ● Oct 30, 2024

Auquan, an AI-based innovator in financial services, announced a $4.5 million addition to its seed round, led by Peak XV with continued participation from Neotribe Ventures. This brings the total seed funding to $8 million.

DataCrunch: AI Computing Infrastructure Company Raises $13 Million (Seed)

By Amit Chowdhry ● Oct 29, 2024

DataCrunch, a European provider of AI computing infrastructure, announced it raised a $13 million seed funding round led by byFounders. This funding round will be used to scale infrastructure as the company sets out to become Europe’s first hyperscaler, enhancing service delivery for AI companies by offering increased computing capacity.

Xscape Photonics: $44 Million (Series A) Raised To Support Next-Generation AI Data Centers

By Amit Chowdhry ● Oct 29, 2024

Xscape Photonics, a company using silicon photonics to support the next generation of AI data centers, announced closing a $44 million Series A funding round, increasing the total amount raised to $57 million. IAG Capital Partners led this funding with investments from Altair, Cisco Investments, Fathom Fund, Kyra Ventures, LifeX Ventures, NVIDIA, and OUP. The funding will accelerate the development of Xscape Photonics' ChromX platform, a scalable, multi-color, programmable photonics platform for AI data center fabrics.

LatticeFlow AI: $3 Million Raised From The Swiss Innovation Agency

By Amit Chowdhry ● Oct 27, 2024

LatticeFlow AI, a Swiss leader in trustworthy, safe, and compliant AI, announced that it has raised about $3 million in funding from the Swiss Innovation Agency (Innosuisse) to advance its AI Assessments platform.

Concentric AI: Data Security Posture Management Company Secures $45 Million (Series B)

By Amit Chowdhry ● Oct 27, 2024

Concentric AI - a leading vendor of intelligent AI-based solutions for autonomous data security posture management (DSPM) - announced it has raised $45 million in a Series B round, bringing the company’s total funding to over $67 million. This funding round was led by Top Tier Capital Partners and HarbourVest Partners. CyberFuture, a global CISO investment alliance, also participated in the funding after a thorough evaluation of numerous DSPM vendors. Existing investors Ballistic Ventures, Engineering Capital, Clear Ventures, and Citi Ventures also participated in this round.

Mave: Real Estate AI Assistant Company Secures C$2 Million (Pre-Seed)

By Amit Chowdhry ● Oct 27, 2024

Mave, an AI assistant for real estate, announced it raised C$2 million in pre-seed funding and launched its beta program for agents and brokers. This funding round, which was raised and closed in just a few weeks, was led by Relay Ventures and N49P, with participation from Alate Partners, Clarim Ventures, and Gambit Partners, along with several angel and strategic investors, including a past president of the Toronto Real Estate Board.