Artificial Intelligence

Aembit: Identity And Access Management Company Secures $25 Million (Series A)

By Amit Chowdhry ● Sep 18, 2024

Aembit, a leading non-human identity and access management (IAM) company, has secured $25 million in Series A funding, bringing the total capital raised to nearly $45 million. Acrew Capital led the funding round, which included existing investors Ballistic Ventures, Ten Eleven Ventures, Okta Ventures, and CrowdStrike Falcon Fund.

Bounti: Autonomous AI Products Leader Raises $16 Million (Seed)

By Amit Chowdhry ● Sep 18, 2024

Bounti, a leader in autonomous AI products, recently emerged from stealth and announced it has secured $16 million in seed funding led by Google Ventures, with participation from Floodgate, Bloomberg Beta, Haystack, Octave Ventures, and MS&AD. The company also announced that Silicon Valley veteran Lew Cirne (founder of New Relic) is its first independent board member.

AttoTude: AI And Hyperscale Data Center Applications Company Secures $29 Million (Series A)

By Amit Chowdhry ● Sep 18, 2024

AttoTude, a leader in interconnect technology for AI and hyperscale data center applications, announced a Series A funding round of $29 million. This funding round follows AttoTude’s initial Seed Round, which raised $11 million in March 2024. A combination of prominent investors, including Sutter Hill Ventures, Canaan Partners, and Wing Venture Capital funded this funding round.

BlackRock, Microsoft, GIP, And MGX Launching $30 Billion AI Fund

By Amit Chowdhry ● Sep 18, 2024

BlackRock, Global Infrastructure Partners (GIP), Microsoft, and MGX have announced a new collaboration called the Global AI Infrastructure Investment Partnership (GAIIP). This partnership will invest in new and expanded data centers to meet the growing demand for computing power and energy infrastructure to create new sources of power for these facilities. These infrastructure investments will mainly be in the US, driving AI innovation and economic growth, and the remainder will be invested in U.S. partner countries.

Smartcat: Enterprise Language AI Company Raises $43 Million (Series C)

By Amit Chowdhry ● Sep 17, 2024

Enterprise language AI company Smartcat announced it raised $43 million in Series C funding. This funding round was led by Left Lane Capital.

Simbian: Interview With Co-Founder And CEO Ambuj Kumar About This AI-Based Security Company

By Amit Chowdhry ● Sep 17, 2024

Simbian is a mission-driven AI security company based in Mountain View, CA, backed by Silicon Valley investors, and founded by serial security entrepreneurs. Pulse 2.0 interviewed Simbian co-founder and CEO Ambuj Kumar to learn more about his background and the company.

Acuvity: AI Security And Governance Company Raises $9 Million (Seed)

By Amit Chowdhry ● Sep 16, 2024

Acuvity, the creator of a comprehensive AI security and governance platform for employees and applications, announced a $9 million seed funding round led by Foundation Capital, with participation from individual investors like Basil Alwan, Sri Reddy and Jonathan Siddharth. And Acuvity will use the funding to accelerate the development of its products and protect the rapid expansion of AI adoption in the enterprise.

WellSaid Labs: How This Company Is Using AI To Drive Human Parity In Voice

By Amit Chowdhry ● Sep 16, 2024

WellSaid Labs is a leading AI text-to-speech technology company and the first synthetic media service to achieve human parity in voice. Pulse 2.0 interviewed WellSaid Labs co-founder Matt Hocking to learn more about the company.

Ren Systems: $3.5 Million Secured To Scale AI-Based Relationship Intelligence Platform

By Amit Chowdhry ● Sep 13, 2024

Reclaim AI: Interview With Co-Founder & COO Henry Shapiro About The Smart Calendar App Company

By Amit Chowdhry ● Sep 13, 2024

Reclaim.ai is a leading AI calendar app that recently launched a feature called Smart Meetings - which is the solution on the market that can automatically schedule and reschedule recurring meetings at the best time for everyone. Pulse 2.0 interviewed Reclaim AI co-founder and COO Henry Shapiro to learn more about the company.

Cashmere: AI-Based Client Acquisition Platform Raises $3.6 Million (Seed)

By Amit Chowdhry ● Sep 13, 2024

Cashmere, an AI-based client acquisition platform for wealth management firms, announced it has raised a $3.6 million seed funding round. This seed round was led by Canapi Ventures, with participation from Benchstrength, Plug and Play, The House Fund, Courtyard Ventures, and angel backers. And as the lead investor, Canapi Ventures will act as board observers, providing strategic guidance as Cashmere scales its operations. The funding will advance product development and strategic hiring, including a newly appointed Head of Machine Learning.

InMobi: AI-Based Content Discovery Company Raises $100 Million

By Amit Chowdhry ● Sep 13, 2024

InMobi, a global consumer technology company transforming how consumers discover and consume content, shop, and engage with brands, announced the closing of a $100 million debt financing agreement from MARS Growth Capital, a joint venture between MUFG and Liquidity Group. The funding will propel InMobi’s artificial intelligence (AI) development and deployment efforts forward and fund potential AI-focused acquisitions.

Quantum Source: $50 Million (Series A) To Develop Practical Photonic Quantum Computers

By Amit Chowdhry ● Sep 12, 2024

Quantum Source, an Israel-based company developing technology for powerful, cost-effective, and practical photonic quantum computers, announced it has raised a $50 million Series A investment round led by Eclipse. Standard Investments, Level VC, Canon Equity, and existing investors Pitango First, Grove Ventures, 10D, and Dell Technologies Capital participated in the round.

Glean: Enterprise AI Company Raises $260 Million (Series E) At $4.6 Billion Valuation

By Amit Chowdhry ● Sep 12, 2024

Track3D: Construction Reality Intelligence Company Raises $4.3 Million (Seed)

By Amit Chowdhry ● Sep 12, 2024

AI-based reality construction intelligence company Track3D announced it has raised $4.3 million in seed funding. This funding round will drive the adoption of Track3D's unified reality capture data platform, designed for intelligent, comprehensive, AI-powered construction progress monitoring. This seed funding round was led by Endiya Partners, with participation from Shadow Ventures, Monta Vista Capital and others. The funding will be used to expand Track3D's product offerings and bolster its go-to-market efforts.

Segmed: Medical Imaging Data Company Raises $10.4 Million (Series A)

By Amit Chowdhry ● Sep 12, 2024

Segmed - a leader in providing real-world imaging data for health innovation - announced it has raised a $10.4 million Series A funding round. This oversubscribed round was led by iGan Partners and Advocate Health, with participation from Castellan Group, Engine Health Capital, Bold Brain Ventures, Fox Chase Cancer Center, and existing investors including Y Combinator, Nina Capital, Nova Capital, Blumberg Capital, and Expeditions Fund. The current Series A funding round follows a financing by Flashpoint Growth Debt Fund received in 2023.

Champion: Customer Advocacy Company Raises $3.3 Million

By Amit Chowdhry ● Sep 12, 2024

Champion, an AI-based customer advocacy platform, announced the closing of an oversubscribed $3.3 million seed round led by Flyover Capital, with continued investment from High Alpha and participation from Bread & Butter Ventures and Stage 2 Capital. This funding will accelerate Champion's mission to drive efficient growth for businesses by identifying and activating their hidden customer advocates.

Rep AI: $8.2 Million Raised To Help E-Commerce Merchants Deliver Personalized Sales Assistance At Scale

By Amit Chowdhry ● Sep 11, 2024

Rep AI Technologies, the creator of an AI Concierge, announced it has raised $8.2 million in funding. This funding round was led by Osage Venture Partners (OVP), which was joined by Flashpoint Venture Capital and Oryzn Capital.

Aifleet: Tech-Based Trucking Company Raises $16.6 Million (Series B)

By Amit Chowdhry ● Sep 10, 2024

aifleet, which is the industry's first full-stack and scalable carrier utilizing AI to humanize trucking, announced today it had raised a $16.6 million Series B funding round led by Tom Williams at Heron Rock, with participation from Volvo Group Venture Capital, Obvious Ventures, Ibex Investors, Compound, Winthrop Square, and Cooley. With this funding round, the company has raised nearly $50 million.

Sensori.ai: Interview With Founder & CEO Dr. A.K. Pradeep About Using neuroAI Algorithms To Change How Companies Innovate Products

By Amit Chowdhry ● Sep 10, 2024

Sensori.AI is the only company that is blending Generative AI, Neuroscience, and ML to help companies change how they innovate products. Pulse 2.0 interviewed Sensori.ai founder and CEO Dr. A.K. Pradeep to learn more about the company.

finally: AI-Based Finance/HR Suite Raises $200 Million (Series B And Credit Facility)

By Amit Chowdhry ● Sep 9, 2024

finally, an AI-based all-in-one finance and HR suite, announced it has closed a $50 million Series B from PeakSpan Capital and $150 million credit facility from Encina. This new funding round follows the company’s $95 million Series A in 2022 and additional $10 million capital raised in February of this year, bringing total funds to date to $305 million.

Butlr: MIT Media Lab Physical AI Spinout Company Raises $35 Milllion (Series B)

By Amit Chowdhry ● Sep 7, 2024

Physical AI (PAI) startup company Butlr announced $38 million in Series B funding to meet the increasing demand for its sensors and anonymous data, which can be used in any building to understand better how humans interact in a space. So far, the company has raised $68 million from investors, including Foundry, Pacific Alliance Venture, GS Futures, DNX Ventures, Ray Stata, Joi Ito, Carrier, and Qualcomm.