Artificial Intelligence

Xscape Photonics: $44 Million (Series A) Raised To Support Next-Generation AI Data Centers

By Amit Chowdhry ● Oct 29, 2024

Xscape Photonics, a company using silicon photonics to support the next generation of AI data centers, announced closing a $44 million Series A funding round, increasing the total amount raised to $57 million. IAG Capital Partners led this funding with investments from Altair, Cisco Investments, Fathom Fund, Kyra Ventures, LifeX Ventures, NVIDIA, and OUP. The funding will accelerate the development of Xscape Photonics' ChromX platform, a scalable, multi-color, programmable photonics platform for AI data center fabrics.

LatticeFlow AI: $3 Million Raised From The Swiss Innovation Agency

By Amit Chowdhry ● Oct 27, 2024

LatticeFlow AI, a Swiss leader in trustworthy, safe, and compliant AI, announced that it has raised about $3 million in funding from the Swiss Innovation Agency (Innosuisse) to advance its AI Assessments platform.

Concentric AI: Data Security Posture Management Company Secures $45 Million (Series B)

By Amit Chowdhry ● Oct 27, 2024

Concentric AI - a leading vendor of intelligent AI-based solutions for autonomous data security posture management (DSPM) - announced it has raised $45 million in a Series B round, bringing the company’s total funding to over $67 million. This funding round was led by Top Tier Capital Partners and HarbourVest Partners. CyberFuture, a global CISO investment alliance, also participated in the funding after a thorough evaluation of numerous DSPM vendors. Existing investors Ballistic Ventures, Engineering Capital, Clear Ventures, and Citi Ventures also participated in this round.

Mave: Real Estate AI Assistant Company Secures C$2 Million (Pre-Seed)

By Amit Chowdhry ● Oct 27, 2024

Mave, an AI assistant for real estate, announced it raised C$2 million in pre-seed funding and launched its beta program for agents and brokers. This funding round, which was raised and closed in just a few weeks, was led by Relay Ventures and N49P, with participation from Alate Partners, Clarim Ventures, and Gambit Partners, along with several angel and strategic investors, including a past president of the Toronto Real Estate Board.

Bluesky: Open Source Social Network Company Raises $15 Million (Series A)

By Amit Chowdhry ● Oct 25, 2024

Social web company Bluesky announced it raised $15 million in Series A funding. Blockchain Capital led the funding, which was participated in by Alumni Ventures, True Ventures, SevenX, Amir Shevat of Darkmode, Joe Beda, co-creator of Kubernetes, and others.

Waymo: Autonomous Vehicle Company Raises $5.6 Billion

By Amit Chowdhry ● Oct 25, 2024

Waymo announced it has completed an oversubscribed funding round of $5.6 billion, the company’s largest investment round so far. Alphabet led this round, which continued to include Andreessen Horowitz (a16z), Fidelity, Perry Creek, Silver Lake, Tiger Global, and T. Rowe Price.

Neysa: AI Acceleration Cloud System Provider Raises $30 Million (Series A)

By Amit Chowdhry ● Oct 25, 2024

AI Acceleration Cloud System provider Neysa announced it has raised $30 million in Series A funding. This funding round was co-led by existing investors NTTVC, Z47 (fka Matrix Partners India) and Nexus Venture Partners. This funding builds on Neysa's $20 million seed round earlier this year, emphasizing strong investor confidence in the company's mission to accelerate Gen AI innovation, for Indian enterprises and public sector.

Nimble: AI-Based Robotics Company Raises $106 Million (Series C) At $1 Billion Valuation

By Amit Chowdhry ● Oct 25, 2024

Nimble, an AI robotics and autonomous e-commerce fulfillment technology company, announced the closing of a $106 million Series C funding round, elevating the company to a $1 billion valuation. This funding round was led by FedEx and co-led by existing shareholder Cedar Pine. As part of a strategic alliance, FedEx has entered into a commercial agreement to scale its FedEx Fulfillment service using Nimble's technology and fully autonomous 3PL model. This funding emphasizes FedEx’s confidence in Nimble's groundbreaking technology and its commercial potential.

Ramdam: AI-Based Creator Ad Platform Raises $3.15 Million (Seed)

By Amit Chowdhry ● Oct 25, 2024

Ramdam, an AI-based platform redefining user-generated content (UGC) production for advertisers, announced the closing of a $3.15 million seed funding round. This funding round was led by The Moon Venture, Paris Region Venture Fund, and Data Tech Fund, with support from BPI (Banque Publique d’Investissement).

Clerk Chat: AI-Based Conversational Messaging Platform Company Raises $7 Million

By Amit Chowdhry ● Oct 25, 2024

Clerk Chat, a leading AI telecom platform for enterprises, announced it raised a $7 million funding round led by Race Capital, with participation from HF0, Mento VC, and Altair VC.

Paccurate: Packing Intelligence Platform Company Secures $8.1 Million (Series A)

By Amit Chowdhry ● Oct 25, 2024

Paccurate, a packing intelligence platform for parcel shippers, announced the closing of an $8.1 million Series A funding. This funding round was led by High Alpha, with participation from Tech Square Ventures, Grand Ventures, Hyde Park Angels, Las Olas Venture Capital, Springtime Ventures, and Royal Street Ventures.

Nooks: AI Sales Assistant Platform Raises $43 Million (Series B)

By Amit Chowdhry ● Oct 24, 2024

Nooks announced the launch of the first AI Sales Assistant Platform (ASAP) with $43 million in Series B funding. This funding round was led by Kleiner Perkins and included existing investors Lachy Groom and Tola Capital. This round brings Nooks' total funding to $70 million.

TollBit: $24 Million (Series A) Raised To Enable AI Agents And Apps To Pay Websites Directly

By Amit Chowdhry ● Oct 24, 2024

TollBit founders Olivia Joslin and Toshit Panigrahi announced that the company has raised $24 million led by Lightspeed in Series A funding for their platform, which has created a fluid payment system benefiting both AI companies and content creators.

Cyera Buys Trail Security For $162 Million

By Amit Chowdhry ● Oct 23, 2024

Cyera announced the acquisition of Trail Security - which is a next-generation data loss prevention (DLP) company - for $162 million. This deal marks a key milestone for Cyera, the three-year-old cybersecurity company valued at over $1.4 billion as it continues to expand its AI-driven platform.

Neuron7.ai: Service Resolution Intelligence Company Raises $44 Million (Series B)

By Amit Chowdhry ● Oct 23, 2024

Neuron7.ai, a pioneer in Service Resolution Intelligence, announced it has raised $44 million in Series B funding led by Smith Point Capital, founded by former Salesforce co-CEO Keith Block. Existing investors Nexus Venture Partners and Battery Ventures joined the oversubscribed funding round, bringing the total capital raised to date to over $63 million.

Arcserve: UDP 10 Revealed To Deliver Enhanced Malware Protection And Improved Virtualization Support

By Amit Chowdhry ● Oct 23, 2024

Arcserve, a pioneer in unified data resilience solutions, announced the launch of Arcserve UDP 10. This product offers customers an intuitive, flexible, and affordable way to address their critical data security and business continuity challenges.

Clerk Chat: AI-Based Telecom Platform For Enterprises Secures $7 Million (Seed)

By Amit Chowdhry ● Oct 22, 2024

Clerk Chat, a leading AI telecom platform for enterprises, announced it has closed a $7 million funding round led by Race Capital, with participation from HF0, Mento VC, and Altair VC. This funding will accelerate Clerk Chat's electric growth, enabling the company to continue investing in superstars, expand its novel AI messaging capabilities, and deepen partnerships with telecom providers.

FeelBetter: Interview With CEO & Co-Founder Liat Primor About the Polypharmacy Patient Management Company

By Amit Chowdhry ● Oct 21, 2024

FeelBetter is a company focused on polypharmacy patient management. It has developed an AI-based platform that identifies patients who are at high risk of near-term hospitalization related to polypharmacy issues, recommends changes to medication regimens and other needed clinical interventions, and comprehensively monitors progress at the individual and population health levels. Pulse 2.0 interviewed FeelBetter CEO and co-founder Liat Primor about the company and its technology.

Bluwhale: Interview With Founder And CEO Han Jin About The AI Intelligence Layer Company

By Amit Chowdhry ● Oct 21, 2024

Bluwhale is an AI intelligence layer that is turning your digital footprint into your most profitable asset. Pulse 2.0 interviewed Bluwhale CEO Han Jin to learn more about the company.

Decagon: AI-Based Customer Support Agent Company Raises $100 Million Total

By Amit Chowdhry ● Oct 19, 2024

Decagon, a leading innovator in AI customer support agents, announced it had raised $100 million, including its latest Series B funding round (quadrupling its valuation in just a few months). The $65 million round was led by Bain Capital Ventures with participation from Elad Gil, A*, Accel, BOND Capital, and ACME Capital. This funding round will accelerate Decagon’s mission to transform enterprise customer support and unlock new levels of economic productivity.

Fisent: Testing Framework Launched To Help Enterprises Evaluate GenAI Model Performance

By Amit Chowdhry ● Oct 19, 2024

Fisent Technologies, a pioneer in Applied GenAI Process Automation solutions, announced a new framework designed to help its Fisent BizAI customers objectively evaluate the performance of various GenAI models for specific business process automation use cases. Fisent’s GenAI Efficacy Framework (GEF) enables enterprises to measure, compare, and select the most effective GenAI models based on key metrics like accuracy, speed, cost, and consistency.

Gladia: AI Transcription And Audio Intelligence Company Raises $16 Million (Series A)

By Amit Chowdhry ● Oct 19, 2024

Gladia, an AI-based transcription and audio intelligence provider, announced it has completed a $16 million Series A funding round. The company will use the funding to develop an end-to-end audio infrastructure, starting with a new real-time audio transcription and analytics engine (enabling voice-first platforms to deliver more value to their users across borders with AI).

Agtonomy: AI-Based Agriculture Automation Company Raises $32.8 Million (Series A)

By Amit Chowdhry ● Oct 19, 2024

Agtonomy, a pioneer in AI-based automation software for agriculture and land maintenance, announced it has raised an additional $10 million to close its Series A round, bringing the total funding to $32.8 million. Leading mobility venture fund Autotech Ventures led the round. And new investors include Rethink Food, Allison Transmission, and Black Forest Ventures. Existing backers Toyota Ventures, Flybridge, and Cavallo Partners continued their support.

Galileo: Enterprise GenAI Evaluation And Observability Company Raises $45 Million (Series B)

By Amit Chowdhry ● Oct 19, 2024

Galileo, a leader in generative AI (GenAI) evaluation and observability for enterprises, announced it raised $45 million in Series B funding led by Scale Venture Partners, with participation from Premji Invest, bringing the company's total funding to $68 million.

Constellation: Interview With CTO Nauman Hafiz About The Creating Marketing Technology Company

By Amit Chowdhry ● Oct 18, 2024

Constellation is a company that is inventing the world’s first and only creative marketing technology made for highly regulated industries. And the company’s end-to-end compliance solution features built-in verticalized engines designed to streamline the creative process for many companies with an automated solution that scales creative content and the regulatory approval process. Pulse 2.0 interviewed Constellation CTO Nauman Hafiz to learn more about the company.

Denodo: Interview With Founder & CEO Dr. Ángel Viña About The Data Virtualization Company

By Amit Chowdhry ● Oct 18, 2024

Denodo is the leader in data virtualization providing agile, high performance data integration, data abstraction, and real-time data services across the broadest range of enterprise, cloud, big data, and unstructured data sources at half the cost of traditional approaches. Denodo’s customers across every major industry have gained significant business agility and ROI. Pulse 2.0 interviewed Denodo founder and CEO Dr. Ángel Viña to learn more about the company.

SynthBee: $20 Million (Seed) Raised For Scaling Its Computing Intelligence Platform

By Amit Chowdhry ● Oct 17, 2024

SynthBee, a company building a scalable and reliable computing intelligence platform to amplify and accelerate human innovation, announced it has secured $20 million in seed funding to expand the company and build out the team around its proprietary computing intelligence platform. The funding was provided by Crosspoint Capital Partners.

Omnea: Procurement Platform Company Raises $20 Million (Series A)

By Amit Chowdhry ● Oct 17, 2024

Omnea - an AI-based procurement orchestration and supplier risk management platform - announced it has raised $20 million in Series A funding to make procurement painless and give companies greater control over their spend. Accel led the funding round, with participation from existing investors First Round Capital and Point Nine, who led the previously unannounced $5 million seed round.

OroraTech: $27.3 Million (Series B) Closed To Advance Predictive AI In Wildfire Management

By Amit Chowdhry ● Oct 17, 2024

OroraTech, a leader in wildfire intelligence, announced closing its $27.3 million Series B funding round led by Korys, the European Circular Bioeconomy Fund (ECBF), and long-standing investor Bayern Kapital. This funding round will advance the next phase of OroraTech’s strategic growth, with the company further expanding key global markets and enhancing its predictive AI capabilities and orbital sensor network. Through predictive algorithm data fed by their thermal satellite network, OroraTech enables companies, organizations, and fire agencies to actively respond to the global wildfire crisis, reducing damage and saving lives.

Valory: Interview With CEO David Minarsch About Co-Owned AI Systems And Expanding The Olas Ecosystem

By Amit Chowdhry ● Oct 17, 2024

David Minarsch is known as an expert in the fields of Applied Game Theory and Multi-Agent Systems, holding a Ph.D. from the University of Cambridge. And his work includes the creation of the first multi-agent system framework with native support for distributed ledger technologies and crypto-native payments. Pulse 2.0 interviewed David Minarsch to learn more about Valory and the Olas ecosystem.