Artificial Intelligence

SKROL: $1.2 Million In Pre-Seed Raised To Help SMBs With The Acquisition Process

By Amit Chowdhry ● Jul 12, 2024

SKROL, an AI-powered platform transforming how small and mid-size businesses (SMBs) are acquired and transformed, announced its launch out of stealth. The company also revealed that it raised a pre-seed funding round led by Magnetic Capital (led by David Rosskamp) - which is a venture fund that was also an early investor of Grover, a company that was also founded by SKROL CEO and founder Michael Cassau.

Biostate AI: Scalable Biodata Foundry Company Raises Over $4 Million

By Amit Chowdhry ● Jul 12, 2024

Biostate AI, a scalable biodata foundry startup, emerged from stealth recently with the launch of two service products: Total RNA sequencing and Copilot for RNAseq data analysis. Biostate AI also revealed it has raised over $4 million in venture funding. Matter Venture Partners led the funding round, with participation from institutional investors Vision Plus Capital, Catapult VC, and the California Institute of Technology through the Caltech Seed Fund. Individual investors in the round included Dario Amodei (CEO of Anthropic), Joris Poort (CEO of Rescale), Michael Schnall-Levin (CTO of 10X Genomics) and Emily Leproust (CEO of Twist Bioscience).

Niva: Business Identity Platform Company Raises Over $3.3 Million

By Amit Chowdhry ● Jul 11, 2024

Global business identity platform company Niva has officially launched and the company introduced an AI-based solution built to overcome the challenges of establishing trust in businesses internationally. With renowned customers and over $3.3 million in funding led by Gradient Ventures (Google’s AI-focused venture fund) along with participation from Picus Capital, Canary, Gilgamesh Ventures, and key executives from Chime, Deel, Enigma, and Faire, Niva is prepared to transform the complex landscape of global commerce.

EvolutionaryScale: Biology AI Research Lab Company Raises $142 Million In Seed Funding

By Amit Chowdhry ● Jul 10, 2024

EvolutionaryScale, a frontier AI research lab for biology, launched recently with ESM3, a milestone AI model capable of generating novel proteins. ESM3 generated a new Green Fluorescent Protein (GFP), which is a process that would take 500 million years of evolution to occur naturally. The company also announced a seed round of more than $142 million, led by Nat Friedman and Daniel Gross, and Lux Capital, with participation from Amazon, NVentures (NVIDIA’s venture capital arm) and angel investors. This funding will be used for further expanding the capabilities of its models.

Rohirrim: RFP AI Automation Company Raises Funding From Bessemer And IBM Ventures

By Amit Chowdhry ● Jul 10, 2024

Rohirrim, a leading Request for Proposal (RFP) AI automation platform, announced today that Bessemer Venture Partners and IBM Ventures made strategic investments in the company. And these investments will further drive Rohirrim's goal of helping businesses grow by streamlining and strengthening their RFP response strategy.

Coder Secures $35 Million For Modernizing Enterprise Development Environments

By Amit Chowdhry ● Jul 10, 2024

Coder, a development platform keeping developers in flow, announced it has secured $35 million in funding to broaden its open source footprint, evolve cloud development environments (CDEs), and expand globally. Georgian led the round and they were joined by existing investors Uncork Capital, Notable Capital, and Redpoint Ventures. This funding brings Coder's total Series B funding to $65 million. And Russell Moore (investor at Georgian) will join Coder's Board of Directors.

Orby AI: $30 Million Raised To Develop AI Solutions For Enterprises

By Amit Chowdhry ● Jul 10, 2024

Orby AI, a company developing generative AI solutions for the enterprise, announced the closing of its $30 million series A round of financing. The Series A round was co-led by New Enterprise Associates (NEA), Wing VC, and WndrCo, with additional participation from Pear VC.

Norm Ai: Regulatory Compliance Company Closes $27 Million

By Amit Chowdhry ● Jul 10, 2024

Norm Ai announced it has raised a fresh round of capital from some of the world's most respected financial institutions, collectively representing more than $5.75 trillion in assets. And the company has secured a $27 million Series A led by Coatue, with participation from Bain Capital Ventures, Blackstone Innovations Investments, New York Life Ventures, Citi Ventures, TIAA Ventures, and Jefferson River Capital (the family office of Tony James, the former President and COO of Blackstone). In the past 11 months, Norm has raised more than $38 million from leading firms.

Fytted: An Interview With Co-Founders Greg Auerbach And Olivia Dicopoulos About This AI-Based Styling Recommendation Company

By Amit Chowdhry ● Jul 10, 2024

Fytted is an app that utilizes AI technology that is transforming the way you shop with precise body measurements and personalized styling recommendations. Over $38 billion was wasted in the processing of apparel returns last year and Fytted is reducing the time and money consumers and retailers spend on processing returns (making the online shopping experience more beneficial for all parties involved). And a portion of all of Fytted proceeds go to Remake, a charity that fights for human rights and climate justice in the clothing industry. Pulse 2.0 interviewed Fytted CEO and co-founder Greg Auerbach and Chief Creative Officer and co-founder Olivia Dicopoulos.

Sensi.AI: Care Intelligence Company Closes $31 Million In Series B

By Amit Chowdhry ● Jul 10, 2024

Care intelligence company Sensi.AI announced the successful raising of $31 million in Series B funding, bringing the company's total funding to over $53 million. And this funding round was co-led by Zeev Ventures and Insight Partners, with continued support from existing investors Entrée Capital, Flint Capital, Jibe Ventures and Secret Chord Ventures.