Artificial Intelligence

webAI: AI Development Platform Raises Funding At $700 Million Valuation

By Amit Chowdhry ● Sep 22, 2024

webAI – an AI-based development platform that provides enterprises with localized AI infrastructure and offers a superior solution to existing cloud-based models – announced two milestones.

Pickommerce: Warehouse Automation Company Secures $3.4 Million

By Amit Chowdhry ● Sep 22, 2024

Warehouse automation company Pickommerce announced it has raised $3.4 million in funding to advance the development, production and marketing of the PickoBot piece-picking robot. Pickommerce's technology is prepared to transform the warehouse automation market. IL Ventures led this funding round and it includes InNegev, Fusion VC, the Israel Innovation Authority, and strategic investor ZIM Ventures (the corporate venture arm of maritime shipping company ZIM Integrated Shipping Services).

Blitzy: $4.4 Million Raised For Building An Autonomous Enterprise Software Development Platform

By Amit Chowdhry ● Sep 20, 2024

Blitzy, a GenAI company born out of the Harvard Innovation Lab and launched by NVIDIA Serial Inventor Sid Pardeshi and serial entrepreneur Brian Elliott, aims to automate end-to-end custom software development. Blitzy's platform takes the requirements for a new product, runs it through a proprietary orchestration platform, and automates large portions of the software development process to achieve full autonomy in the coming years. And Blitzy also announced it is coming out of stealth with $4.4 million in initial capital from Link Ventures, Bessemer, Flybridge, NFX, Picus, and Asymmetric.

HavocAI: $11 Million (Seed) Raised For Transforming Autonomous Uncrewed Surface Vessel Operations

By Amit Chowdhry ● Sep 20, 2024

HavocAI, a leading innovator in autonomous uncrewed surface vessel technology, announced the successful closing of a $11 million Seed round of funding. Scout Ventures led the round, which was co-led by Trousdale Ventures. Other participants included Outlander VC, The Veteran Fund, BV.VC, Decisive Point, Alumni Ventures, and New North Ventures.

Operant: Runtime AI Application Protection Platform Company Raises $10 Million (Series A)

By Amit Chowdhry ● Sep 20, 2024

Operant AI, which is the world’s only Runtime AI Application Protection Platform, announced that it has raised $10 million in a Series A funding round co-led by SineWave Ventures and Felicis, with participation from Alumni Ventures, Massive, Calm Ventures, Gaingels, alongside industry-expert angels.

Nostra AI: E-Commerce Conversion Optimization Company Raises $8.9 Million

By Amit Chowdhry ● Sep 20, 2024

Nostra AI, a conversion optimization software company for e-commerce brands, announced that it had raised $8.9 million to speed up websites and optimize performance. The funding round was led by High Alpha and included Signal Peak Ventures, Sugar Capital, Crosscut, and Good Friends, along with industry experts and angel investors such as Matthew Prince (Cloudflare CEO and co-founder).

Cherre: Real Estate Data Management Company Secures $30 Million (Series C)

By Amit Chowdhry ● Sep 20, 2024

Leading real estate data management and intelligence platform Cherre announced it has raised a $30 million Series C round led by HighSage Ventures. And additional participants in this round include leading real estate enterprise investors Nuveen Real Estate, RXR (RADV), certain principals of TA Realty, and others, as well as current investors Trustbridge Partners, Glilot Capital Partners, Intel Capital, and Carthona Capital.

Ferrum: $16 Million (Series A) Raised To Deploy AI Into Health Systems

By Amit Chowdhry ● Sep 20, 2024

Ferrum Health, a software platform company deploying AI into health systems, announced that it has raised $16 million in a Series A funding round led by Foundry, with participation from Catalyst by Wellstar, Headwaters Ventures, and UnitedHealthcare Accelerator. The existing investors who also rejoined the current round include Blumberg Capital, Cercano, GSR, Urban Innovation Fund, and Singtel Innov8. This latest round brings Ferrum Health's total funding to $31 million.

Landbase: Agentic AI Company Raises $12.5 Million (Seed)

By Amit Chowdhry ● Sep 19, 2024

Landbase, which is the world’s first agentic AI platform specifically designed for go-to-market, exited stealth with $12.5 million in seed funding. The funding round was co-led by A*, 8VC, and First Minute Capital, with participation from Inovia Capital, Picus Capital, and General Catalyst (La Famiglia).

Connectly: $20 Million (Series B) Closed For Expanding AI Conversational Commerce

By Amit Chowdhry ● Sep 19, 2024

Connectly, a leader in conversational commerce, announced a $20 million Series B investment led by Alibaba, with participation from Unusual Ventures, Volpe Capital, RX Ventures, Falabella Ventures, and Philippos Kourkoulos Latsis. The company - which was launched in 2020 by industry veterans from Facebook, Google, Uber, and McKinsey - utilizes proprietary AI models to help retailers grow their business using personalized two-way customer messages in an increasingly digital-first world.

Protege: AI Training Data Company Raises $10 Million (Seed)

By Amit Chowdhry ● Sep 19, 2024

Protege recently announced a $10 million seed round and the launch of its AI training data platform to help resolve one of the biggest issues in AI development, sharing and accessing the right training data. CRV led this funding round with participation from SV Angel, Liquid 2 Ventures, Bloomberg Beta, Flex Capital, Adam D'Angelo, Travis May, etc.

Opnova: IT And Compliance Operations Optimization Company Raises $3.75 Million (Pre-Seed)

By Amit Chowdhry ● Sep 19, 2024

Opnova, a company in IT, security, and compliance operations optimization, announced an official launch today with an agentic AI platform designed to close the automation gap in complex operational workflows. With $3.75 million in pre-seed funding co-led by Faber, ScaleX, and Preface Ventures, Opnova is set to redefine IT operations by addressing the challenges posed by rework—the time spent on repetitive, mundane, yet essential tasks.

Edera: Secure-By-Design Kubernetes And AI Solution Secures $5 Million (Seed)

By Amit Chowdhry ● Sep 19, 2024

Secure-by-design Kubernetes and AI solution Edera announced it has raised $5 million in a seed round led by 645 Ventures and Eniac Ventures with participation from FPV Ventures, Generationship, Precursor Ventures and Rosecliff Ventures. And angel investors include Joe Beda, Filippo Valsorda, Mandy Andress, Jeff Behl and Kleiner Perkins scout Nikitha Suryadevara, and others.

Brisk Teaching: AI-Based Educational Chrome Extension Service Raises $6.9 Million

By Amit Chowdhry ● Sep 19, 2024

Brisk Teaching, a leading AI-based Chrome extension for educators, schools, and districts, announced the completion of its $5 million Seed round, bringing its total funding to $6.9 million. Led by Owl Ventures, with participation from South Park Commons, Springbank Collective, Coherence Fund, and Coalition Operators, this funding round will drive team expansion, accelerate product development, and fuel international growth—all with the goal of saving educators time and providing enhanced, intuitive tools for administrators.