πŸ“Œ 12 AI Startups raise $150M+

BONUS: AI Unicorns - April 2024

πŸ—“οΈ 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 πŸ“’

A detailed highlight

Amount: $100M πŸŽ‰

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 πŸŽ‰

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 πŸŽ‰

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 πŸŽ‰

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 πŸŽ‰

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

β†’Β Writ raises a $3.8M Seed - AI-powered data dashboards

β†’Β Knostic raises a $3.3M Pre-Seed - Need-to-know access controls for LLMs

β†’Β Vidext raises a $2.1M Seed - AI-generated video platform

β†’Β Superintelligent raises a $2M Pre-Seed - AI tutorial platform

β†’Β Kepler Vision Technologies raises a $1.6M Round - AI-powered fall detection and prevention

β†’Β Scavenger AI raises a $1.2M Pre-Seed - AI-powered business analyst

β†’Β Pug AI raises an undisclosed Pre-Seed - AI-powered career coach

AI PITCH DECKS πŸ”–

BONUSΒ πŸ”₯

For the most curious minds!

THAT’S IT FOR TODAY

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