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- 📌 13 AI Startups raise $140M+
📌 13 AI Startups raise $140M+
BONUS: Databricks acquires an AI Startup
🗓️ Today’s 1 min recap:
BigID raises $60M Series A for its data security and compliance platform
NeuReality raises a $20M Series A-2 for AI inference chip
Innatera raises a $16.5M Series A for its edge AI chips
Optical Standard Technology raises a $14M Seed for its photonic computing chips
Anima raises a $12M Series A for its care enablement platform
8 more rounds caught by my funding tracker
Read time: 3 minutes
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TOP PICKS 📢
A detailed highlight
Amount: $60M 🎉
Round: Venture Round
Lead Investor: Riverwood Capital
BigID's product and service offerings focus on AI-augmented data security, compliance, and privacy for cloud-first enterprises.
They recently expanded their platform to include capabilities for managing generative AI data pipelines, from data discovery to enrichment including controls to oversee access to sensitive data by AI models.
Notably, the company has almost reached a $100M ARR.
Amount: $20M 🎉
Round: Series A-2
Lead Investor: European Innovation Council (EIC) Fund, Varana Capital, Cleveland Avenue, XT Hi-Tech, OurCrowd
NeuReality offers the NR1 AI Inference Solution, designed to address the high cost and inefficiency of deploying trained AI models and apps.
It is a full-height PCIe card that integrates easily into server racks and drives 100% AI accelerator utilization. This system eliminates the CPU bottleneck typically caused by AI accelerators and system bottlenecks.
Amount: $16.5M 🎉
Round: Series A
Lead Investor: Invest-NL
Innatera is on a mission to bring intelligence to a billion sensors by 2030, focusing on neuromorphic computing to emulate the human brain's efficiency and reduce the energy footprint of AI.
They develop ultra-low-power neuromorphic processors for high-performance signal processing and pattern recognition within a sub-milliwatt power envelope designed for edge applications that rely on sensors.
Amount: $14M 🎉
Round: Seed
Lead Investor: Zhongying Venture Capital
Optical Standard Technology is a Chinese company that focuses on the design and manufacture of optical computing chips and optical computing boards.
Amount: $12M 🎉
Round: Series A
Lead Investor: Molten Ventures
Anima offers a "care enablement" platform, likened to a mix of Slack, Salesforce, and Figma but designed for healthcare settings.
It automates medical history taking, suggests diagnoses and next steps, and allows for real-time collaboration among clinic staff. The upcoming versions aim to automate more tasks and improve data interoperability, with a long-term vision of personalizing medicine.
OTHER ROUNDS 🤏
Essential introductions
→ Liquidnitro Games raises a $5.25M Seed - AI game production studio
→ Graswald AI raises a $2.5M Seed - 3D product visualisations
→ Beatoven AI raises a $1.3M Pre-Series A - AI music generation
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BONUS 🔥
For the most curious minds!
We’re excited to announce that Lilac is joining @databricks!
For more details, check out the Databricks blog:
databricks.com/blog/lilac-joi…
— Lilac, joining Databricks! (@lilac_ai)
3:06 PM • Mar 19, 2024
THAT’S IT FOR TODAY
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Cheers,
Cheif AI Officer (CAIO)
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