Artificial Intelligence

Cube: $25 Million Raised To Help Companies Manage And Optimize Analytics Workflows

By Amit Chowdhry ● Jun 11, 2024

Cube, the provider of the universal semantic layer for every data app, announced it completed a $25 million funding round with new investor Databricks Ventures and was joined by all the previous investors, including Decibel, Bain Capital Ventures, Eniac Ventures, and 645 Ventures. And 645 Ventures Co-founder and Managing Partner Nnamdi Okike is now a board observer for Cube's Board of Directors.

EV3 Global Buys Countable To Enhance Employee Engagement

By Amit Chowdhry ● Jun 11, 2024

Countable, a leading platform for digital community engagement, announced it has been acquired by EV3 Global, a technology innovator in employment intelligence and AI. This deal expands EV3 Global’s capabilities by integrating an employee engagement solution and adding experts in Employee Experience to its team, enhancing EV3 Global’s ability to address the trillion-dollar employee turnover problem.

Cognigy: AI-Based Customer Service Automation Company Raises $100 Million

By Amit Chowdhry ● Jun 11, 2024

Cognigy, a leader in AI-first customer service automation, announced that it has raised $100 million in Series C funding. The round was led by Eurazeo Growth, with participation from existing investors Insight Partners, DTCP, DN Capital, and others. The new funding round will accelerate Cognigy’s mission to deliver AI-first customer service at scale.

Keragon: AI-Based HIPAA-Compliant Automation Platform Raises $3 Million

By Amit Chowdhry ● Jun 11, 2024

Keragon, an AI-based HIPAA-compliant automation platform for healthcare, officially launched out of stealth and revealed that it raised $3 million in pre-seed funding. The pre-seed funding round was co-led by Focal and Afore, followed by 25 Madison Health - Lifepoint Health.

Mistral AI: €600 Million Raised At About A €6 Billion Valuation

By Amit Chowdhry ● Jun 11, 2024

Mistral AI, a Paris-based open and portable generative AI service for developers and businesses, announced it has raised €600 million in a Series B funding round. General Catalyst led the round, which also included Lightspeed, Andreessen Horowitz, Bpifrance, BNP Paribas, Nvidia, Salesforce, Samsung, and IBM. The valuation of the company is now estimated to be about €6 billion.

Brightwave: AI-Based Financial Research Assistant Company Raises $6 Million

By Amit Chowdhry ● Jun 11, 2024

Brightwave, an AI-powered research assistant that generates insightful, trustworthy financial analysis on any subject, today announced $6 million in seed funding. This funding round was led by Decibel Partners, with backing from Point72 Ventures, Moonfire Ventures, and angel investors including executives from OpenAI, Databricks, Uber, and LinkedIn.

Cisco: $1 Billion Global AI Investment Fund Revealed

By Amit Chowdhry ● Jun 10, 2024

Cisco Investments (the global corporate venture investment arm of Cisco) launched a $1 billion AI investment fund to support the startup ecosystem and expand the development of secure and reliable AI solutions. As part of the new AI fund, Cisco is making strategic investments in Cohere, Mistral AI, and Scale AI, among others, to advance customers’ AI readiness and complement Cisco’s AI innovation strategy. Cisco already committed nearly $200 million of the $1 billion investment fund to date.

Cloudera Acquiring Verta’s Operational AI Platform

By Amit Chowdhry ● Jun 10, 2024

Enterprise AI data company Cloudera announced it has deepened its AI expertise with its acquisition of Verta’s Operational AI Platform. And the Verta team will join Cloudera’s machine learning group, reporting to Chief Product Officer Dipto Chakravarty.

Tektonic AI: $10 Million Secured To Develop Gen AI Agents For Enterprises

By Amit Chowdhry ● Jun 10, 2024

Tektonic AI, a company building GenAI agents for enterprise processes, announced $10 million in funding led by Madrona and Point72 Ventures. Launched by Nic Surpatanu, Tektonic aims to automate the manual workflows that other methods leave unaddressed.

TraceAir: Construction Site Analysis Company Raises $25 Million

By Amit Chowdhry ● Jun 9, 2024

TraceAir, a leading provider of site intelligence software for homebuilders and land developers, announced a $25 million Series B funding round led by PeakSpan Capital, with participation from Flashpoint Venture Capital and other existing investors. TraceAir offers builders and developers a visual/collaborative construction management platform that empowers businesses with data-driven insights to lower costs, improve efficiency, and reduce the risk of errors and delays.

SmartPM: Construction Schedule Control Company Raises $5.5 Million

By Amit Chowdhry ● Jun 8, 2024

SmartPM Technologies, a company that builds automated project controls for construction, announced the successful closing of a $5.5 million Series A funding round. This milestone, led by investors Building Ventures, with participation from GS Futures and existing investors The Nemetschek Group, marks a pivotal moment in SmartPM's journey of innovation and market expansion.

GoComet: How Creating An Operating System With AI Is Transforming International Logistics

By Amit Chowdhry ● Jun 7, 2024

GoComet is an AI-Powered Transportation Management Platform. The company is transforming the $40 billion international logistics space by utilizing the power of data science and progressive machine intelligence to simplify end-to-end logistics and ensure transparency in business. Pulse 2.0 interviewed GoComet CEO Gautam Prem Jain to learn more about the company.

Hoop: AI-Powered Productivity Company Raises $5 Million

By Amit Chowdhry ● Jun 7, 2024

Hoop, a to-do list that updates itself, announced $5 million in seed funding, led by Index Ventures, with participation from Origin Ventures, Divergent Capital, and Chingona Ventures. The company’s team (who met as early employees at Trello) will use the funding to deepen Hoop’s AI capabilities, expand its platform integrations, and develop collaborative features. Hoop is currently available to individuals, but will soon launch a version for teams.

Zendata: AI Governance And Data Privacy Company Raises $2 Million

By Amit Chowdhry ● Jun 7, 2024

AI governance and privacy solutions company Zendata emerged from stealth and raised $2 million in funding to transform how security teams manage data and security. The seed funding round was led by PayPal Ventures, First-hand Alliance (operated by Salesforce Alumni), Geek Ventures, and Altari Ventures.

LambdaVision: Funding Raised To Develop Protein-Based Artificial Retina To Help Patients Regain Sight

By Amit Chowdhry ● Jun 7, 2024

LambdaVision, a company that is developing a protein-based artificial retina to help patients regain sight lost to retinal degenerative diseases, announced it secured the first closing of its seed round being led by Aurelia Foundry Fund (a fund spun out of MIT).