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- 📌 12 AI Startups raise $150M+
📌 12 AI Startups raise $150M+
BONUS: AI Unicorns - April 2024
🗓️ Today’s 1 min recap:
FloQast raises a $100M Series E for its accounting platform
DeepCure raises a $24.6M Series A-1 for its drug discovery platform
Simbian raises a $10M Seed for its automated cybersecurity platform
Tabs raises a $7M Seed for its B2B accounts receivable platform
Patlytics raises a $4.5M Seed for its patent platform
7 more rounds caught by my funding tracker
Read time: 2 minutes
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TOP PICKS 📢
A detailed highlight
Amount: $100M 🎉
Valuation: $1.6B
Round: Series E
Lead Investor: ICONIQ Growth
FloQast is a financial accounting platform that automates accounting tasks such as close management, reconciliations, and reporting.
The platform helps businesses to improve efficiency, reduce errors, and gain better visibility into their financial data.
Notably, the company just reached a $100M ARR.
Amount: $24.6M 🎉
Round: Series A-1
Lead Investor: IAG Capital Partners
DeepCure uses AI and automated chemistry for drug discovery.
They focus on creating small molecule therapeutics for difficult targets in disease treatment using a generative AI and physics-based engine. This technology is designed to identify interaction sites on proteins and synthesize molecules with therapeutic potential efficiently.
Amount: $10M 🎉
Round: Seed
Lead Investor: Cota Capital, Icon Ventures, Firebolt, Secure Octane, Rain Capital
Simbian is an AI-powered platform that orchestrates and automates existing cybersecurity tools.
Key features include:
Alert Analysis & Prioritization: Analyze and prioritize alerts, reducing noise
Contextual Enrichment: The platform enriches alerts with relevant context to provide a greater understanding of threats
Automated Response: Automates response actions based on pre-defined rules
Amount: $7M 🎉
Round: Seed
Lead Investor: Lightspeed Venture Partners
Tabs offers an AI-powered accounts receivable platform designed for B2B enterprises.
The platform automates various aspects of the AR process, including contract management, invoicing, and payments.
Amount: $4.5M 🎉
Round: Seed
Lead Investor: Gradient Ventures
Patlytics provides an AI-powered platform designed to automate key patent workflows.
The platform automates tasks like drafting, office action responses, infringement evaluation, advanced searches, and competitive intelligence.
OTHER ROUNDS 🤏
Essential introductions
→ Superintelligent raises a $2M Pre-Seed - AI tutorial platform
→ Kepler Vision Technologies raises a $1.6M Round - AI-powered fall detection and prevention
→ Scavenger AI raises a $1.2M Pre-Seed - AI-powered business analyst
BONUS 🔥
For the most curious minds!
18 months since ChatGPT came out & 33 new AI unicorns since then
Total - 53 AI Unicorns with a combined valuation of $245.8B
See the detailed spreadsheet -
— Chief AI Officer (@chiefaioffice)
7:06 PM • Apr 12, 2024
THAT’S IT FOR TODAY
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Cheif AI Officer (CAIO)
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