Artificial Intelligence

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.

Panax: AI-Based Cash Flow Management Platform Raises $15 Million

By Amit Chowdhry ● May 13, 2024

Panax is a company that offers an AI-driven cash flow management platform that empowers mid-market and large companies with complex treasury management needs to gain control and sustainability and optimize liquidity.

RunPod: $20 Million Raised To Help Developers Deploy Custom Full-Stack AI Applications

By Amit Chowdhry ● May 13, 2024

RunPod, a launchpad enabling developers to deploy custom full-stack AI applications, announced it raised $20 million in seed funding, co-led by Intel Capital and Dell Technologies Capital with participation from Julien Chaummond, Nat Friedman, and Adam Lewis. In connection with the funding, Mark Rostick (Vice President and Senior Managing Director at Intel Capital) will join RunPod’s board of directors.

Kindo: The Story Behind This Rapidly Growing AI Security Company

By Amit Chowdhry ● May 13, 2024

Kindo is a company that provides a way to securely adopt and centrally manage AI across your entire workforce. Pay only once for AI access from any model, use it across your organization, all in one easy-to-use interface. Supporting commercial, open source, and private AI models as well as 200+ SaaS integrations, Kindo empowers AI workforce productivity while keeping everything secure, compliant, and centrally managed for IT and Security teams. Pulse 2.0 interviewed Kindo co-founders Bryan Vann (CTO) and Ron Williams (CEO) to learn more about the company.

Soaak Technologies: Optimizing Health And Wellness In A $500+ Billion Market

By Amit Chowdhry ● May 13, 2024

Soaak Technologies is a company that provides transformational health solutions that use a whole-person approach to optimize health and wellness. And the company believes that everyone should have 24/7 access to the help and support they need. Pulse 2.0 interviewed Soaak Technologies executive chairman and co-founder Henry Penix to learn more about the company.

Atlan: AI-Based Governance Company Raises $105 Million At $750 Million Valuation

By Amit Chowdhry ● May 13, 2024

Atlan—a company emerging as a fast-growing force in data and AI governance—announced a $105 million Series C funding round led by GIC (Singapore’s sovereign wealth fund) and co-investor Meritech Capital, early backers of disruptors like Snowflake and Datadog. Existing investors Salesforce Ventures and PeakXV Partners also joined the round. With this funding round, Atlan is valued at $750 million, and the company has raised over $206 million.

Embroker: Transforming The Digital Insurance-Buying Experience

By Amit Chowdhry ● May 13, 2024

Embroker is a company that intelligently insures any business. And by pairing technology and broker expertise, Embroker helps growing businesses save time and find the best value on the right coverage. Pulse 2.0 interviewed Embroker CEO Ben Jennings to learn more about the company.

Daloopa: AI-Based Historical Data Provider Company Closes $18 Million In Funding

By Amit Chowdhry ● May 12, 2024

Daloopa, the world's first AI-powered fundamental and historical data provider, announced that it has closed its $18 million Series B round, which was led by Touring Capital and participated in by Morgan Stanley and existing investor Nexus Venture Partners.

Numeric: AI-Based Accounting Automation Company Raises $10 Million

By Amit Chowdhry ● May 12, 2024

AI-based accounting automation company Numeric announced it has raised $10 million in a seed funding round from Founders Fund, Menlo Ventures, 8VC, Long Journey, Friends & Family Capital. This funding round will be used to drive product development and hiring.

Wayve: Embodied AI Automated Driving Technology Company Raises $1.05 Billion

By Amit Chowdhry ● May 11, 2024

Wayve, a market leader in Embodied AI-based autonomous driving, announced the successful closing of $1.05 billion in Series C funding. SoftBank Group led the funding round, which also included new investor NVIDIA and existing investor Microsoft. This investment will accelerate Wayve’s goal to reimagine autonomous mobility through embodied intelligence.

Rad AI: GenAI-Based Healthcare Company Raises $50 Million

By Amit Chowdhry ● May 11, 2024

Rad AI, a leader in generative AI for healthcare, announced it raised $50 million in Series B funding. The funding round was led by Khosla Ventures, with participation from WiL (World Innovation Lab) and existing investors ARTIS Ventures, OCV Partners, Kickstart Fund, Gradient Ventures (Google's AI-based fund), and others. This funding round raised the total capital to over $80 million.