Artificial Intelligence

Automation Anywhere: Tim McDonough Named As Chief Marketing Officer

By Amit Chowdhry ● Apr 28, 2024

Automation Anywhere, an AI-powered automation solutions leader, announced that AI marketing veteran Tim McDonough has joined the company as chief marketing officer (CMO). McDonough, who has over two decades of experience driving growth across startups and Fortune 100 companies, will shape and lead Automation Anywhere's global brand and growth strategies and go-to-market functions.

Tines: Workflow Platform Company Raises $50 Million

By Amit Chowdhry ● Apr 28, 2024

Tines, a leader in secure workflows, announced $50 million in a new round of funding as an extension to its Series B funding round, which was led by Accel and Felicis and participated in by Addition, CrowdStrike Falcon Fund, and SVCI, all pre-existing investors in the company. This funding round brought the total capital raised by Tines to date to $146.2 million.

BforeAI: Predictive Security Company Closes $15 Million In Funding

By Amit Chowdhry ● Apr 28, 2024

BforeAI, a predictive security pioneer, announced $15 million in Series A funding led by SYN Ventures, with renewed participation from early investors Karma Ventures, Karista, Addendum Capital, and a new investment from the Partnership Fund for New York City.

Parloa: AI-Powered Customer Service Automation Platform Raises $66 Million

By Amit Chowdhry ● Apr 28, 2024

Parloa, a leader in AI-powered automation for customer service, announced that it had raised $66 million in Series B funding led by Altimeter Capital, with participation from new and existing investors EQT Ventures, Newion, Senovo, Mosaic Ventures, and La Famiglia Growth.

Alaffia Health: Health Plan Claim Operations Company Secures $10 Million

By Amit Chowdhry ● Apr 28, 2024

Alaffia Health, a leader in generative AI for health plan claim operations, announced $10 million in Series A funding, bringing its total amount of capital raised to $17.6 million. FirstMark Capital led the round, including GingerBread Capital and existing investors Anthemis, Aperture Venture Capital, 1984 Ventures, Remarkable Ventures, and Tau Ventures.

Sublime Security: AI-Powered Programmable Email Security Company Raises $20 Million

By Amit Chowdhry ● Apr 28, 2024

Sublime Security, an AI-powered programmable email security platform, announced that it has raised $20 million in Series A funding. Index Ventures led the round, which included previous investors Decibel Partners and Slow Ventures.

Nooks: AI Dialing And Prospecting Platform Raises $22 Million

By Amit Chowdhry ● Apr 28, 2024

Nooks, a rapidly growing AI dialing and prospecting platform, announced that it had raised $22 million in Series A funding. This round, led by Lachy Groom and including participation from Tola Capital and Stifel Venture Banking, brought Nooks' total funding to $27 million.

Anon: AI Access And Control Developer Platform Company Secures $6.5 Million

By Amit Chowdhry ● Apr 27, 2024

Anon, a developer platform empowering secure AI access and control to user accounts online, announced $6.5 million in funding and a powerful toolkit that unlocks the full potential of AI applications. Driven by investment from Union Square Ventures and Abstract Ventures (seed lead investors) and early support from Impatient Ventures and ex/ante (pre-seed lead investors), Anon is prepared to transform how developers build and deploy AI. Strategic angel investors in the round include Ryan Hoover (founder of Product Hunt), Gokul Rajaram (early Google, Square, and Doordash), Scott Belsky (founder of Behance and CPO at Adobe), and Amjad Masad (co-founder/CEO at Replit).

Handl: $2.5 Million Raised To Help Benefits Consultants Deliver Affordable Health Benefits

By Amit Chowdhry ● Apr 27, 2024

Handl Health, an AI platform built to help benefits consultants design and deliver affordable health benefits, announced an oversubscribed $2.5 million seed funding round initiated by Mucker Capital and Everywhere VC, with participation from Tau Ventures, Riverfront Ventures, Digital Health Venture Partners (DHVP), Boutique Venture Partners, Plug and Play Ventures and Techstars. This funding round will enable Handl Health to realize its goal of transforming employer-sponsored healthcare through data-driven health plan design and management.

Thoma Bravo Acquiring Darktrace For $5.315 Billion

By Amit Chowdhry ● Apr 27, 2024

Thoma Bravo announced it had reached an agreement with the Board of Directors at Darktrace, a global leader in cybersecurity artificial intelligence (AI), to acquire the entire issued and to be issued ordinary share capital of Darktrace in cash.

NVIDIA Buying Run:ai To Make AI Computing Resources More Efficient

By Amit Chowdhry ● Apr 26, 2024

NVIDIA announced it is buying Run:ai to help customers use AI computing resources more efficiently. Run:ai is a Kubernetes-based workload management and orchestration software provider.

IBM To Buy Hashicorp In $6.4 Billion Deal

By Amit Chowdhry ● Apr 26, 2024

IBM and HashiCorp (a leading multi-cloud infrastructure automation company) announced they have entered into a definitive agreement under which IBM will buy HashiCorp for $35 per share in cash, representing an enterprise value of $6.4 billion.

Xaira Therapeutics: Over $1 Billion Raised To Transform Drug Discovery And Development Processes

By Amit Chowdhry ● Apr 26, 2024

Xaira Therapeutics has launched with a mission to help re-engineer the way we discover and develop medicines through the end-to-end application of emerging AI technologies. A joint incubation by ARCH Venture Partners and Foresite Labs, Xaira launched with over $1 billion of committed capital from lead investors ARCH Venture Partners and Foresite Capital, joined by F-Prime, NEA, Sequoia Capital, Lux Capital, Lightspeed Venture Partners, Menlo Ventures, Two Sigma Ventures, the Parker Institute for Cancer Immunotherapy (PICI), Byers Capital, Rsquared, and SV Angel, and others.

Prime Intellect: Open And Decentralized AI Platform Company Raises $5.5 Million

By Amit Chowdhry ● Apr 26, 2024

Prime Intellect, an open and decentralized AI platform and protocol democratizing access to computing and intelligence, announced a $5.5 million seed funding round co-led by Distributed Global and CoinFund with participation from Compound, Collab+Currency, and Filecoin Creator Juan Benet with Protocol Labs, and renowned angel investors including Hugging Face CEO Clem Delangue.

Augment: AI Coding Assistance Company Raises $227 Million At $977 Million Valuation

By Amit Chowdhry ● Apr 25, 2024

AI coding assistance startup Augment has emerged from stealth and announced a $227 million Series B funding round at a $977 million post-money valuation with investments from Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed Venture Partners, and Meritech Capital. Including this round of funding, Augment has raised a total of $252 million, including the $25 million Series A funding round led by Sutter Hill Ventures.

CoStar Group To Buy Matterport In $1.6 Billion Deal

By Amit Chowdhry ● Apr 24, 2024

Matterport, a spatial data company leading the digital transformation of the built world, announced that it has entered into a definitive agreement with CoStar Group, a leading provider of online real estate marketplaces, information, and analytics in the property markets, under which CoStar Group will buy all outstanding shares of Matterport in a cash and stock transaction valued at $5.50 per share, representing an equity value of about $2.1 billion and an enterprise value of about $1.6 billion based on the closing price for CoStar Group common stock on April 19, 2024.

Salesforge: AI-Based Sales Execution Co-Pilot Company Raises Funding

By Amit Chowdhry ● Apr 24, 2024

Salesforge, an AI copilot for sales execution, announced today that it has raised $500K from BADideas.fund, Spring Capital, Fiedler Capital, and super angel Maciej Zawadzinski, accelerating the team's ambition to redefine the landscape of B2B sales.

Vantage Data Centers Receives $3 Billion Green Loan For North America Expansion

By Amit Chowdhry ● Apr 23, 2024

Vantage Data Centers, a leading global provider of hyper-scale data center campuses, announced it had secured a $3 billion green loan from a bank syndicate led by structuring bank Wells Fargo Securities and joint book-runners TD Securities, Trust Securities, and Scotiabank to fund the ongoing development of its North America data center platform.

How Georgia Tech And NVIDIA Are Helping Students Gain AI Supercomputer Experience

By Amit Chowdhry ● Apr 23, 2024

USC: Study Utilizes AI For Predicting Risk Of Bedsores In Hospitalized Patients

By Amit Chowdhry ● Apr 22, 2024

Researchers at USC, Johns Hopkins University, and University Hospitals Cleveland Medical Center partnered to utilize machine learning (ML) techniques to develop a new model to predict future risk of pressure injuries and better direct labor-intensive patient care.

Smith.ai: Combining Live Agents And AI To Provide Superior Customer Engagement

By Amit Chowdhry ● Apr 22, 2024

Smith.ai combines live agents and AI to provide superior virtual receptionist, and intake, and outbound calling services to small businesses. Pulse 2.0 interviewed Smith.ai founder and CEO Aaron Lee to learn more about the company.

Quantiphi: Implementing Responsible AI To Help Companies With Automation And Simulation

By Amit Chowdhry ● Apr 22, 2024

Quantiphi is an AI-first digital engineering company driven by the goal of reimagining and realizing transformational opportunities at the heart of the business. Pulse 2.0 interviewed Quantiphi co-founder Ritesh Patel to learn more about the company.

Kontakt.io: Inpatient Journey Analytics Company Closes $47.5 Million

By Amit Chowdhry ● Apr 20, 2024

Kontakt.io, a leading provider of Inpatient Journey Analytics, announced a Series C investment of $47.5 million, led by Growth Equity at Goldman Sachs Asset Management. This funding round will support the company’s growth and expansion of Artificial Intelligence (AI) solutions.

AI Squared: $13.8 Million Raised To Deliver Data And Insights Into Business Apps

By Amit Chowdhry ● Apr 17, 2024

AI Squared, a company that helps organizations deliver data and AI insights into business applications, announced today that it has raised $13.8 million in Series A funding led by Ansa Capital with participation from existing investors NEA and Ridgeline.

KODE Labs: Autonomous Smart Building Company Raises $30 Million

By Amit Chowdhry ● Apr 16, 2024

KODE Labs, a Detroit-based autonomous smart building startup, announced the closing of a $30 million Series B round. Headed by Maverix Private Equity, this milestone funding round also saw enthusiastic participation from esteemed partners TELUS Ventures and existing investor I Squared Capital. This funding round marks a significant moment for KODE, enabling the company to help buildings worldwide achieve net-zero emissions.

PeerDB: PostgreSQL Data Movement Platform Company Closes $3.6 Million

By Amit Chowdhry ● Apr 15, 2024

PeerDB, a leading data movement platform for PostgreSQL, announced it received $3.6 million in seed round funding. The investors in the round include lead investor 8VC, Y Combinator, Wayfinder Ventures, Webb Investment Network, Flex Capital, Rogue Capital, Pioneer Fund, Orange Collective, and several angel investors.

Bite: Intelligent Kiosk Solutions Company Closes $9 Million

By Amit Chowdhry ● Apr 13, 2024

Bite, a provider of intelligent kiosk solutions for fast-casual and quick-service restaurants, announced it has secured $9 million in Series A funding. The round was led by Staley Capital, with participation from Graham Partners, Food-X, One Way Ventures, and Tamarisc Ventures. This funding round will drive Bite’s mission to elevate the hospitality experience by offering an intuitive ordering solution for guests placing orders in restaurant venues.

Alethea: Disinformation Detection And Mitigation Company Raises $20 Million

By Amit Chowdhry ● Apr 10, 2024

Alethea, a leader in disinformation detection and mitigation, announced the closing of a $20 million Series B funding round led by GV, with participation from Ballistic Ventures. Also joining the round is Hakluyt Capital. This new funding round signifies investor confidence in Alethea's vision, technology capabilities, and the transformative impact the company will have on creating a more secure digital environment. Including this funding round, Alethea has raised $34 million.

Procurement Sciences AI: $10 Million Raised To Transform Government Contracting Business Development Processes

By Amit Chowdhry ● Apr 9, 2024

Procurement Sciences AI (PSci.AI), a next-generation bidding intelligence platform for government contractors, today announced that it has raised $10 million in Series A funding. The funding round was led by global, technology-focused investment firm Battery Ventures, with follow-on investment from Tower Research Capital and new funding from K Street Capital and Blu Ventures. Brandon Gleklen from Battery Ventures and Jared Young from Tower Research will join the Procurement Sciences board of directors.

Lockchain: Blockchain Risk Management Platform Closes $4.6 Million

By Amit Chowdhry ● Apr 9, 2024

Lockchain.ai, an AI-powered Blockchain Risk Management platform, announced its official launch from stealth to bring automated risk management solutions to traders, investors, and fund managers in the blockchain ecosystem. The company also announced it raised $4.6 million through a seed round led by Lerer Hippeau. The funding round included Arrington Capital, Valhalla Ventures, ARCA, RSE/Vayner, Sonic Boom Ventures, Alex Weiss of Clear Sky Capital, and Artico Search. White Star Capital joined in a subsequent funding cycle.