πŸ“Œ 10 AI Startups raise $1.5B+

BONUS: 2024 Stanford AI Index Report

πŸ—“οΈ 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 πŸ“’

A detailed highlight

Amount: $1.5B πŸŽ‰

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 πŸŽ‰

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 πŸŽ‰

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 πŸŽ‰

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 πŸŽ‰

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

β†’Β HealthSage AI raises a $3.2M Seed - Open-source generative AI platform for healthcare

β†’Β Take2 AI raises a $3M Seed - AI-powered job simulation platform for sales recruiting

β†’Β PineGap raises a $2.5M Seed - AI-powered equity research platform

β†’Β Clientell raises a $2.5M Seed - AI-powered revenue operations

β†’Β VXT raises a $1M Seed - AI-powered communication platform for law and recruiting firms

AI PITCH DECKS πŸ”–

BONUSΒ πŸ”₯

For the most curious minds!

THAT’S IT FOR TODAY

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