Artificial Intelligence

Aidentified: AI-Based Financial Services Prospecting Company Raises $12.5 Million In Series B

By Amit Chowdhry ● Jun 20, 2024

Aidentified, a leading AI-powered prospecting and relationship intelligence platform for financial services professionals, announced that it has raised $12.5 million in Series B funding from FactSet, a global financial digital platform and enterprise solutions provider.

Merlin To Acquire AI And Autonomy Company EpiSci

By Amit Chowdhry ● Jun 20, 2024

Merlin, a leading developer of safe, autonomous flight technology for fixed-wing aircraft, and EpiSys Science (a software AI and autonomy company delivering groundbreaking solutions for dual-use applications) announced that they have agreed to terms for the future acquisition of EpiSci by Merlin.

Amazon To Invest €10 Billion In Germany For Cloud, Logistics, And R&D

By Amit Chowdhry ● Jun 19, 2024

Amazon announced it has planned investments of €10 billion in Germany to drive innovation and support the expansion of its logistics network and cloud infrastructure across the country. And Amazon is also creating 4,000 new jobs this year, at three new fulfilment centers: one in Horn-Bad Meinberg (North Rhine-Westphalia), opening in late summer 2024, one in Erfurt (Thuringia), opened in May 2024, and one in Großenkneten, opened in August 2023.

Enveda Biosciences: $55 Million Closed To Use AI For Translating Nature Into New Medicines

By Amit Chowdhry ● Jun 19, 2024

Enveda Biosciences, a biotechnology company that utilizes AI to translate nature into new medicines, announced a new funding round of $55 million to add to its $119 million combined Series B and B1. The new investors, Premji Invest, Lingotto Investment Fund, Microsoft, and The Nature Conservancy, participated in the round alongside existing investors Kinnevik, True Ventures, FPV, Level Ventures, and Jazz Venture Partners.

Autify: Quality Engineering AI Company Secures $13 Million

By Amit Chowdhry ● Jun 18, 2024

Autify, an AI platform for quality engineering, announced that it has completed a Series B funding round of $13 million and launched a beta version of Zenes, an autonomous AI agent for software quality assurance. Leading the funding round are Globis Capital Partners (Tokyo-based VC firm) and LG Technology Ventures (the Silicon Valley-based venture capital arm of LG Group). Existing investors WiL (World Innovation Lab), Salesforce Ventures, Archetype Ventures, and Uncorrelated Ventures also joined the round.

Constructor: AI-Based Product Discovery Platform Company Raises $25 Million At $550 Million Valuation

By Amit Chowdhry ● Jun 18, 2024

Constructor, a leading AI-powered product discovery and search platform for enterprise e-commerce companies, announced that it has closed a $25 million Series B round. This funding round brought the company's valuation to $550 million. Sapphire Ventures led the round with participation from existing investor Silversmith Capital Partners.

Gracia AI: Photorealistic Spatial Content Company Raises $1.2 Million

By Amit Chowdhry ● Jun 18, 2024

Gracia AI, an AI-based technology company, designed for professional creators and media companies to create first-of-its-kind photorealistic volumetric videos for Spatial Computing with six degrees of freedom viewing, announced it raised $1.2 million in seed funding from The Venture Reality Fund, Triptyq Capital, LVL1 Group, and Future Fund.

Ship Angel: AI-Native International Shipper Platform Company Raises $5 Million

By Amit Chowdhry ● Jun 17, 2024

Ship Angel, a transformative AI-native platform for international shippers, announced it has raised $5 million in funding co-led by Glasswing Ventures and newark venture partners (nvp), with participation from Bienville Capital, Socii Capital, and Plug and Play. This funding supports the expansion of Ship Angel's ocean and air freight Rate Management Platform, including the launch of two AI-powered solutions designed to optimize beneficial cargo owners' (BCOs) workflows. These solutions were unveiled at the Plug and Play Silicon Valley June 2024 Summit.

BlinqIO: Autonomous Gen AI Software Testing Company Raises $5 Million

By Amit Chowdhry ● Jun 17, 2024

Leading generative-AI (Gen AI) software testing platform BlinqIO announced a $5 million funding round, led by Flint Capital and key executives from Silicon Valley. This funding round will assist the first-ever AI test automation engineer in rolling operations across the US and help solve the major lack of test programmers for enterprises globally. BlinqIO is unique for companies and software teams in that test scripts and maintenance are carried out by generative AI without needing any human intervention.

Canary Technologies: AI-Based Hotel Guest Company Raises $50 Million

By Amit Chowdhry ● Jun 17, 2024

Canary Technologies, a global leader in hotel guest management technology, announced that it has closed a $50 million Series C funding round. This round was led by Insight Partners, who also led the company's Series B, with participation from existing investors F-Prime Capital, Thayer Ventures, Y-Combinator, and Commerce Ventures. This brings Canary's total funding to date to nearly $100 million.

UmbrellaAI Partners With MBA Students At University of Virginia’s Darden School Of Business On StructuralAI Business Applications

By Amit Chowdhry ● Jun 16, 2024

"StructuralAI" from UmbrellaAI enables transparent applications where users can see and audit how the AI makes its decisions. MBA students at the University of Virginia's Darden School of Business learned about UmbrellaAI's Structural AI and developed hypotheses about the most attractive go-to-market opportunities.

Indico Data: $19 Million Closed To Automate Intake Workflows Across Policy Lifecycles

By Amit Chowdhry ● Jun 16, 2024

Indico Data, a leading solution for the automating of critical intake workflows across the policy lifecycle, announced the closing of a $19 million funding round with a strategic investment from Guidewire, a platform for Property and Casualty (P&C) insurers. This funding and partnership with Guidewire will drive Indico Data's goal of delivering AI technology to enable enterprises to make better decisions with better data, driving improved operational efficiencies and top-line revenue growth.

Liminal: Gen AI Data Security Company Raises $5 Million In Additional Seed Funding

By Amit Chowdhry ● Jun 15, 2024

Liminal, a generative AI data security leader, announced that it has raised more than $5 million in an oversubscribed seed round led by Fin Capital. Participation came from High Alpha, Matchstick Ventures, Craft Ventures Scout Fund, and veteran regulated industry executives. This new funding expands Liminal's ability to quickly enable customers to deploy and use generative AI (Gen AI).

Zeta Labs: AI Research And Product Lab Secures $2.9 Million

By Amit Chowdhry ● Jun 15, 2024

Zeta Labs, an AI research and product company that is developing autonomous agents capable of efficiently performing complex and multi-step tasks, announced the raising of its $2.9 million pre-seed round and the debut of its large language model (LLM)-based proprietary autonomous AI agent JACE. This funding round was led by Daniel Gross (former head of AI at Y Combinator) and Nat Friedman (former Github CEO), with participation from Earlybird VC and Kaya VC and AI Grant, Shawn (swyx) Wang, Bartek Pucekand Mati Staniszewski, founder of ElevenLabs.

Testsigma: AI-Based Low-Code Test Automation Company Raises $8.2 Million

By Amit Chowdhry ● Jun 15, 2024

AI-powered and low-code test automation platform Testsigma announced that it has raised $8.2 million in funding led by MassMutual Ventures. Previous investors Accel, STRIVE, and BoldCap also participated in the round.

HyperSpectral: AI-Based Spectral Intelligence Company Closes $8.5 Million In Funding

By Amit Chowdhry ● Jun 15, 2024

HyperSpectral, an AI-based spectral intelligence company with hardware-agnostic solutions for particle detection, emerged from stealth with $8.5 million in a Series A funding round. And HyperSpectral's Series A funding round was co-led by RRE Ventures and Kibo Ventures with participation from Correlation Ventures and GC&H Investments.

Eko Health: $41 Million Closed To Scale AI-Based Heart And Lung Disease Detection Technology

By Amit Chowdhry ● Jun 15, 2024

Eko Health, a company that is applying artificial intelligence for early detection of heart and lung diseases, announced it has raised $41 million in Series D financing. With participation from ARTIS Ventures, Highland Capital Partners, NTTVC, and Questa Capital, this funding round will be used to expand U.S. and global access to the company's early disease detection platform.

Thoughtly: AI Voice Agent Company Raises $3 Million

By Amit Chowdhry ● Jun 15, 2024

Thoughtly, a startup building AI voice agents for contact centers, announced it has secured a $3 million funding round with participation from Afore Capital, Greycroft, Expansion, and others. And through an innovative approach to customer phone calls, Thoughtly is prepared to disrupt the CCaaS (Contact Center as a Service) space and transform how businesses approach customer service interactions.

Cyberhaven: $88 Million Secured To Protect Enterprise Data

By Amit Chowdhry ● Jun 13, 2024

Cyberhaven, a leader in data detection and response (DDR), announced it has raised $88 million in Series C funding led by Adams Street Partners and Khosla Ventures, with significant participation from existing investors Redpoint Ventures, Costanoa Ventures, Vertex Ventures, Crane Venture Partners, and Wing Venture Capital. Prominent security leaders such as Amol Kulkarni (former CPO at CrowdStrike), Gerhard Eschelbeck (former CISO at Google), Ash Devata (former GM of Duo at Cisco), and others also participated.