Artificial Intelligence

Triomics: Oncology Workflow Automation Company Raises $15 Million

By Amit Chowdhry ● May 20, 2024

Oncology staff usually search thousands of patient health records to find the right patient trials or care pathways. So, Triomics has raised $15 million to help cancer centers streamline these workflows and process oncology data at scale by applying its framework to build institution-tuned large language models (OncoLLM) and use case-specific software. The funding was raised from several Silicon Valley firms making pioneering investments in generative AI and healthcare, such as Lightspeed, Nexus Venture Partners, General Catalyst, and Y Combinator.

Plainsight Technologies: Offering Computer Vision For A Wide Variety Of Business Use Cases To Make Custom AI Models Easier

By Amit Chowdhry ● May 20, 2024

Plainsight Technologies provides computer vision for a wide variety of business use cases in the form of applications called Vision Intelligence Filters. Pulse 2.0 interviewed the newly appointed CEO, Kit Merker, to learn more about the company.

Fairgen: $8 Million Secured To Generate Accurate AI Responses To Surveys

By Amit Chowdhry ● May 20, 2024

Fairgen, a company generating accurate AI responses to surveys, announced it had raised $8 million to date in Seed funding, led by Maverick Ventures Israel, with participation from Tal Ventures, IGNIA, and Creator Fund to move consumer insights into the AI era. And the company is launching FairBoost, its flagship solution that doubles the size of under-sampled segments using predictive synthetic responses.

In-House Health: AI-Powered Nurse Scheduling Platform Secures $4 Million

By Amit Chowdhry ● May 18, 2024

In-House Health has formally launched its AI-driven scheduling and management platform for modern nursing teams. The company recently raised $4 million in seed funding, led by NEA and TMV, with participation from pre-seed investors Vine Ventures and Longevity Venture Partners. This brings the total investment to date to $5.4 million.

CoreWeave: $7.5 Billion Debt Financing Facility Signed

By Amit Chowdhry ● May 17, 2024

AI hyperscaler company CoreWeave announced it has signed a definitive agreement for a $7.5 billion debt financing facility led by funds managed by Blackstone, with strategic participation from Magnetar (Co-Lead Investor) and Coatue. The participation in the funding also included Carlyle, CDPQ, DigitalBridge Credit, funds and accounts managed by BlackRock, Eldridge Industries, and Great Elm Capital Corp. This new funding will be used to develop further CoreWeave's growing fleet of high-performance computing to execute existing contracts with leading enterprise customers and AI innovators.

Altera: $9 Million Secured To Build ‘Digital Human Beings’

By Amit Chowdhry ● May 17, 2024

Altera, a company pushing the boundaries of artificial intelligence (AI) by creating digital human beings, announced it has closed a $9 million seed round. This funding round brings the total to $11.1 million since the company was founded in December 2023. Patron and First Spark Ventures co-led the round, joining a renowned list of investors that includes a16z SPEEDRUN, gaming industry veteran and investor Mitch Lasky, co-founder of Valorant Stephen Lim, Supercell executive board member Greg Harper, Duolingo CBO Bob Meese, Vertex Pharma co-founder Rich Aldrich, Vamos Ventures, Alumni Ventures, and others.

Sigma: $200 Million Raised To Redefine Business Intelligence

By Amit Chowdhry ● May 17, 2024

Sigma, the cloud analytics solution built natively for cloud scale, announced it has raised $200 million in Series D funding to continue transforming BI through its innovations in AI infrastructure, data application development, enterprise-wide collaboration, and business user adoption.

Voxel51: Visual AI Company Secures $30 Million

By Amit Chowdhry ● May 16, 2024

Voxel51, a leader in visual AI, announced today that it has closed a $30 million Series B funding round. The funding round was led by Bessemer Venture Partners, with participation from new investor Tru Arrow Partners and existing investors Drive Capital, Top Harvest Capital, Shasta Ventures and ID Ventures.

Neurable: AI-Based Neurotechnology Company Secures $13 Million

By Amit Chowdhry ● May 16, 2024

Neurable, a neurotechnology company democratizing BCI technology, announced that it has raised an additional $13 million in funding from Ultratech Capital Partners, TRAC, Pace Ventures, and Metaplanet.

WEKA: AI-Native Data Platform Company Raises $140 Million At $1.6 Billion Valuation

By Amit Chowdhry ● May 16, 2024

WekaIO (WEKA), an AI-native data platform company, announced it had raised $140 million in an oversubscribed Series E funding round comprised of a combined primary and secondary transaction led by Valor Equity Partners (a previous investor in the company). WEKA's Series E funding round is unique in that it was raised entirely with existing investors like Valor seeking to increase their positions in the company. And Generation Investment Management, NVIDIA, Atreides Management, 10D, Hitachi Ventures, Ibex Investors, Key1 Capital, Lumir Ventures, MoreTech Ventures, and Qualcomm Ventures joined Valor in contributing to the round. Under the deal terms, Valor's founder, CEO, and Chief Investment Officer, Antonio Gracias, will join WEKA's board.

Opmed.ai: AI-Based Healthcare Optimization Platform Company Raises $15 Million

By Amit Chowdhry ● May 16, 2024

Opmed.ai, the AI optimization platform for healthcare, announced the successful funding of $15 million in Series A funding. The funding round was co-led by NFX and Grove Ventures, with Secret Chord Ventures, the Impact investor Sir Ronald Cohen, and Unbox Ventures also participating.

TuMeke: Empowering Safety Professionals To Mitigate Ergonomic Risks In A $100+ Billion Industry

By Amit Chowdhry ● May 16, 2024

TuMeke is a company that built an AI-powered ergonomic assessment platform that empowers safety professionals to identify and mitigate ergonomic risks efficiently. TuMeke was born out of a collaboration between co-founders Riley Noland, Diwakar Ganesan, and Zach Noland. Pulse 2.0 interviewed Noland to learn more about the company.

XTEND: Human-Guided Autonomous Machine Systems Company Closes $40 Million

By Amit Chowdhry ● May 14, 2024

XTEND, the company behind XOS (an AI-driven operating system transforming the way humans interact with drones and robots) announced a $40 million Series B round, led by Chartered Group, with further participation from its existing and new strategic investors, including Clal-Tech.

Sift Healthcare: AI-Based Health Payment Solutions Company Raises $20 Million

By Amit Chowdhry ● May 14, 2024

Sift Healthcare, an AI-powered healthcare payment solutions innovator, announced it raised a $20 million Series B funding round. Led by B Capital, with continued support from existing investors, including Allos Ventures, First Trust Capital Partners and Rock River Capital, Sift will use this funding to prioritize team expansion and technology investments in artificial intelligence as the Company grows its industry-first Payments Intelligence Platform.

Crosby Health Raises $2.2 Million And Launches Clinical LLM Apollo

By Amit Chowdhry ● May 14, 2024

Crosby Health, a health tech company developing proprietary AI to automate administrative tasks, announced the launching of its clinical large language model (LLM) Apollo today. The company also revealed it raised $2.2 million in pre-seed funding led by Amplo Ventures and with participation from NOMO Ventures and angel investors.