- Chief AI Office
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- 📌 10 AI Startups raise $1.5B+
📌 10 AI Startups raise $1.5B+
BONUS: 2024 Stanford AI Index Report
🗓️ Today’s 1 min recap:
G42 raises a $1.5B Round for its AI technology holding company
Bridgewise raises a $21M Series A for its equity research tools
Dot Compliance raises a $17.5M Series B Extension for its Quality Management System (QMS)
Lawhive raises a $12M Seed for its legal platform catering to small law firms
HumanX raises a $6M Seed for its conference and advisory services
5 more rounds caught by my funding tracker
Read time: 2 minutes
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TOP PICKS 📢
A detailed highlight
Amount: $1.5B 🎉
Round: Corporate Round
Lead Investor: Microsoft
G42 is a UAE-based AI technology holding company.
G42 offers a variety of AI products and services, including an Arabic LLM named Jais, cloud computing, AI solutions for the public sector and industry, sovereign cloud offerings, AI research, and supercomputer technology.
Under the agreement, G42 will migrate its technology infrastructure to Microsoft Azure and provide it with market access to the region.
Amount: $21M 🎉
Round: Series A
Lead Investor: SIX Group
Bridgewise is an AI-powered equity research tool that offers:
Investment analysis: ML-based analysis of global securities
Bridget Robo-Advisor: An on-demand research tool, similar to ChatGPT, that offers personalized financial guidance
Amount: $17.5M 🎉
Round: Series B Extension
Lead Investor: Israel Growth Partners, Vertex Ventures
Dot Compliance offers AI-enabled Quality Management System (QMS) solutions specifically designed for the life sciences industry.
These include tools for automatic data analysis and real-time compliance tracking, which help organizations stay compliant with industry regulations.
Amount: $12M 🎉
Round: Seed
Lead Investor: Google Ventures
Lawhive offers a legal platform that includes an AI "lawyer" named Lawrence which can perform tasks like document summarization and KYC/AML processes.
This tool is designed to streamline repetitive tasks and improve service delivery in small law firms, essentially acting as an in-house legal assistant.
Amount: $6M 🎉
Round: Seed
Lead Investor: Primary Venture Partners
HumanX organises conferences with a flagship gathering (scheduled for March 2025) designed to bring together AI leaders for discussions and networking.
They also provide advisory services through partnerships to deliver insights on AI applications.
OTHER ROUNDS 🤏
Essential introductions
→ HealthSage AI raises a $3.2M Seed - Open-source generative AI platform for healthcare
BONUS 🔥
For the most curious minds!
Stanford just released their 2024 AI Index Report with more than 500 pages.
Here are 7 interesting slides:
1. The original transformer model cost just $900 to train.
However, costs have increased sharply with Gemini estimated to be the costliest at $191M
— Chief AI Officer (@chiefaioffice)
7:13 PM • Apr 15, 2024
THAT’S IT FOR TODAY
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Cheers,
Cheif AI Officer (CAIO)
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