Artificial Intelligence

Orby AI: $30 Million Raised To Develop AI Solutions For Enterprises

By Amit Chowdhry ● Jul 10, 2024

Orby AI, a company developing generative AI solutions for the enterprise, announced the closing of its $30 million series A round of financing. The Series A round was co-led by New Enterprise Associates (NEA), Wing VC, and WndrCo, with additional participation from Pear VC.

Norm Ai: Regulatory Compliance Company Closes $27 Million

By Amit Chowdhry ● Jul 10, 2024

Norm Ai announced it has raised a fresh round of capital from some of the world's most respected financial institutions, collectively representing more than $5.75 trillion in assets. And the company has secured a $27 million Series A led by Coatue, with participation from Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital (the family office of Tony James, the former President and COO of Blackstone). In the past 11 months, Norm has raised more than $38 million from leading firms.

Fytted: An Interview With Co-Founders Greg Auerbach And Olivia Dicopoulos About This AI-Based Styling Recommendation Company

By Amit Chowdhry ● Jul 10, 2024

Fytted is an app that utilizes AI technology that is transforming the way you shop with precise body measurements and personalized styling recommendations. Over $38 billion was wasted in the processing of apparel returns last year and Fytted is reducing the time and money consumers and retailers spend on processing returns (making the online shopping experience more beneficial for all parties involved). And a portion of all of Fytted proceeds go to Remake, a charity that fights for human rights and climate justice in the clothing industry. Pulse 2.0 interviewed Fytted CEO and co-founder Greg Auerbach and Chief Creative Officer and co-founder Olivia Dicopoulos.

Sensi.AI: Care Intelligence Company Closes $31 Million In Series B

By Amit Chowdhry ● Jul 10, 2024

Care intelligence company Sensi.AI announced the successful raising of $31 million in Series B funding, bringing the company's total funding to over $53 million. And this funding round was co-led by Zeev Ventures and Insight Partners, with continued support from existing investors Entrée Capital, Flint Capital, Jibe Ventures and Secret Chord Ventures.

LunchTable: Brand Amplification Platform Company Secures $2.4 Million

By Amit Chowdhry ● Jul 9, 2024

LunchTable (formerly Inphlu), a leading brand amplification platform, announced it has raised a $2.4 million seed financing round led by JumpStart Ventures, with participation from Cintrifuse Capital, Black Tech Nation Ventures, South Loop Ventures, Kobol.fund and angel investors.

Qure.ai Raises Strategic Funding From Merck

By Amit Chowdhry ● Jul 9, 2024

The Merck Global Health Innovation Fund announced it has made a strategic investment in Qure.ai as part of its Series D round. This funding will be used to develop foundation models for artificial intelligence (AI) in imaging and expand the geographical reach of Qure.ai’s AI-powered imaging solutions into the US market.

Ario: AI-Based Assistant For Parents Secures $16 Million In Seed Funding

By Amit Chowdhry ● Jul 9, 2024

Ario, an AI-powered assistant for parents, announced $16 million in seed funding from top-tier investors, including Wing Venture Capital, Floodgate, Bain Capital Ventures, Moxxie, and prominent angels.

Canoe Intelligence: Financial Technology Company Raises $36 Million In Series C

By Amit Chowdhry ● Jul 9, 2024

Canoe Intelligence, a financial technology company powering smarter alts management, announced the completion of its Series C financing round of $36 million today - which was led by Growth Equity at Goldman Sachs Alternatives with participation from existing investors F-Prime Capital and Eight Roads.

Volley: Voice AI Gaming Company Raises $55 Million In Series C

By Amit Chowdhry ● Jul 9, 2024

Volley, a revenue leader in AI-powered games, announced today the closing of its Series C fundraising round at $55 million. The round was co-led by Microsoft’s M12 Ventures and Lightspeed Venture Partners. General Catalyst, Causeway Media Partners, the Amazon Alexa Fund, BITKRAFT, Y Combinator, Boost VC, Alumni Ventures, Waverley, Gaingels, and Riverside also joined the latest round.

Captions: Generative Video Creation And Editing Platform Company Raises $100 Million In Series C At $500 Million Valuation

By Amit Chowdhry ● Jul 9, 2024

Captions, a leading generative video creation and editing platform, announced today it has raised $60 million in Series C funding led by Index Ventures, bringing the total capital raised to $100 million for a valuation of $500 million. The company's returning investors include Kleiner Perkins, Andreessen Horowitz, and Sequoia Capital. New investors include Adobe Ventures, HubSpot Ventures, and Jared Leto.

HydroX AI: Trust, Risk, And Security Management Company Raises $4 Million

By Amit Chowdhry ● Jul 9, 2024

HydroX AI, an AI-based company with the industry's first comprehensive all-in-one large language model (LLM) safety and security platform, announced the closing a $4 million angel round from Vitalbridge Capital, Atom Capital, and AI expert Qi Lu.

Momentick: An Interview With CEO And Co-Founder Daniel Kashmir About His Emissions Intelligence Company

By Amit Chowdhry ● Jul 8, 2024

Momentick is an emissions intelligence company that has developed advanced algorithms, which unlock the power of multi-satellite imagery to detect, quantify, and monitor methane and other greenhouse gas emissions across the planet. Pulse 2.0 interviewed Momentick CEO and co-founder Daniel Kashmir to learn more about the company.

DeepKeep: An Interview With Founder And CEO Rony Ohayon About This Fast-Growing AI Security Company

By Amit Chowdhry ● Jul 8, 2024

DeepKeep is a company that developed AI security, which promotes unbiased, error-free, and secure solutions. Pulse 2.0 interviewed DeepKeep CEO and founder Rony Ohayon to learn more about the company.

Formic: Robots-As-A-Service Automation Company Closes $27.4 Million

By Amit Chowdhry ● Jul 8, 2024

Formic, a Robots-as-a-Service (RaaS) automation company, announced it has raised another $27.4 million in Series A financing led by Blackhorn Ventures with participation from Mitsubishi HC Capital America, NEC and Translink Orchestrating Future Fund, Alumni Ventures, FJ Labs, Lux Capital, Initialized Capital and Lorimer Ventures. This new funding round brings the total Series A round to more than $52 million since January 2022.

LiveEO: Satellite Data Company Raises €25 Million

By Amit Chowdhry ● Jul 8, 2024

LiveEO – a company that uses high-resolution satellite data and AI to transform raw satellite data into automated actionable insights to help companies manage their climate risks and resilience – announced it has raised €25 million in a Series B funding round led by NordicNinja and DeepTech & Climate Fonds (DTCF). This funding round will accelerate the development of LiveEO's solutions, while expanding its team and capabilities.

Upword: Knowledge Management Company Raises $3 Million

By Amit Chowdhry ● Jul 8, 2024

Knowledge management solutions provider Upword announced the launch of its AI-powered research companion tool and the completion of a $3 million pre-seed funding round.

COMPREDICT: AI-Based Software-Defined Vehicle Company Raises $15 Million

By Amit Chowdhry ● Jul 8, 2024

COMPREDICT, an AI-based company for software-defined vehicles, announced a $15 million Series B funding round led by Woven Capital (Toyota's growth fund), with continued support from existing investor Shift4Good.

Torq: The Story Behind This Security Infrastructure Automation Company

By Amit Chowdhry ● Jul 1, 2024

Torq is a company that developed Hyperautomation, which unifies and automates the entire security infrastructure to deliver unparalleled protection and productivity. Pulse 2.0 interviewed Torq CTO and co-founder Leonid Belkind to learn more about the company.

Zing Coach: AI-Based Fitness App Company Raises $10 Million In Series A

By Amit Chowdhry ● Jul 1, 2024

Zing Coach, a health tech company reducing growing rates of physical inactivity with its AI-powered fitness app, announced that it has raised a Series A funding round in equity and debt financing totaling $10 million led by Zubr Capital and Triple Point Capital.

MagicSchool AI: K-12 Educator And Student Platform Company Raises $15 Million In Series A

By Amit Chowdhry ● Jun 30, 2024

MagicSchool AI, a technology platform for K-12 educators and students, announced a $15 million Series A round of financing led by Bain Capital Ventures. And additional investors include Adobe Ventures and Common Sense Media, and angel investors like Replit founder Amjad Masad, Clever co-founders Tyler Bosmeny and Rafael Garcia, and OutSchool co-founder Amir Nathoo. The funding will support the development of more use cases for AI in education.

Axelera AI Raises $68 Million In Series B To Advance Hardware Acceleration Technology

By Amit Chowdhry ● Jun 29, 2024

Axelera AI, a leading provider of purpose-built AI hardware acceleration technology for generative AI and computer vision inference, announced a successful closing of an oversubscribed $68 million Series B funding round, bringing the total amount raised to $120 million.

HeyGen: AI-Based Video Generation Platform Company Closes $60 Million In Series A At Over $500 Million Valuation

By Amit Chowdhry ● Jun 28, 2024

HeyGen, an AI video generation platform for businesses, raised $60M in Series A led by Benchmark with participation from Thrive Capital, BOND, Conviction, Dylan Field, Elad Gil, Aviv Nevo, Neil Mehta, and SV Angel among others.‍ And Victor Lazarte from Benchmark has joined the board of directors.

TrackLight: AI-Based Fraud Detection And Prevention Company Raises $3 Million

By Amit Chowdhry ● Jun 28, 2024

TrackLight, an AI-based fraud detection and prevention company, announced the launch of a groundbreaking platform for combating fraud across government and corporate sectors. And the company also revealed a $3 million seed funding investment, led by BarronKent and Growth Factory, to accelerate TrackLight’s platform development, sales, and marketing efforts.

SoSoValue: Singapore-Based Crypto Research Company Raises $4.15 Million

By Amit Chowdhry ● Jun 28, 2024

SoSoValue, a Singapore-based crypto financial research startup, announced it has closed a $4.15 million seed funding round led by HongShan, GSR Markets, Alumni Ventures, CoinSummer Labs, and One Piece Labs. A Gitcoin co-founder, an Ethereum early investor, and founders of top Web3 and AI tech firms also joined the round.

Butterflies AI: Social Media Company Raises $4.8 Million To Help People Connect With AI Characters

By Amit Chowdhry ● Jun 27, 2024

Butterflies AI, a social media platform enabling humans and AIs to co-exist, announced the public launch of its platform after five months in beta. To support rapid consumer interest, the company has raised a $4.8 million seed round led by Coatue with participation from SV Angel and several strategic angels, many of whom are former Snap product and engineering leaders.

Backstroke: AI-Based Messaging Company Raises $2 Million In Seed Funding

By Amit Chowdhry ● Jun 27, 2024

Backstroke announced the launch of its generative AI messaging platform that is set to transform email, SMS, mobile push, and customer marketing for B2C brands. With a $2 million seed round co-led by venture firms High Alpha and Ground Game Ventures, and with participation from Allos Ventures. Backstroke features new technology with seasoned experience, presenting a major opportunity in the marketing tech landscape.

Etched Raises $120 Million To Develop Fast AI Chip

By Amit Chowdhry ● Jun 27, 2024

Etched, a two-year old company that is aiming to develop the fastest AI chip, announced it raised $120 million in Series A funding. This funding was from from Primary Venture Partners and Positive Sum, with participation from Two Sigma Ventures, Skybox Datacenters, Hummingbird Ventures, Oceans, Fundomo, Velvet Sea Ventures, Fontinalis Partners, Galaxy, Earthshot Ventures, Max Ventures and Lightscape Partners.

Bright Machines: Software-Defined Manufacturing Company Closes $126 Million In Series C Funding

By Amit Chowdhry ● Jun 26, 2024

Bright Machines, a software-defined manufacturing, announced it has raised $126 millionin Series C funding, with $106 million in equity led by investment from funds and accounts managed by BlackRock and participation from NVIDIA, Microsoft, Eclipse, Jabil and Shinhan Securities, and with $20 million in venture debt from J.P. Morgan. This brings the company's total amount raised to more than $400 million.

Waabi: AI-Based Self-Driving Technology Company Raises $200 Million

By Amit Chowdhry ● Jun 25, 2024

Waabi, a company developing generative AI for the physical world, announced it has raised $200 million in an oversubscribed Series B round, led by Uber and Khosla Ventures. This funding round includes participation from strategic investors NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest and Ingka Investments. And additional financial investors include HarbourVest Partners, G2 Venture Partners, BDC Capital’s Thrive Venture Fund, Export Development Canada, Radical Ventures, Incharge Capital, and others.

MeetRecord: Revenue Automation Company Closes $2.7 Million In Pre-Series A Funding

By Amit Chowdhry ● Jun 25, 2024

Leading revenue automation platform company MeetRecord announced it raised $2.7 million in Pre-Series A funding. This funding round was led by SWC Global, a venture capital fund based in Singapore, with additional support from existing investor All In Capital.