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- 📌 14 AI Startups raise $210M+
📌 14 AI Startups raise $210M+
BONUS: Generative AI Revenue Multiples
🗓️ Today’s 1 min recap:
Viam raises a $45M Series B for its software platform for machines
0G Labs raises a $35M Pre-Seed to build a modular AI chain
Fieldguide raises a $30M Series B for its advisory and audit platform
MatX raises a $25M Round to design chips tailored for LLMs
Tennr raises a $18M Series A for its healthcare operations platform
9 more rounds caught by my funding tracker
4 days remaining to win a rabbit r1
Read time: 2.5 minutes
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TOP PICKS 📢
A detailed highlight
Amount: $45M 🎉
Round: Series B
Lead Investor: Battery Ventures, Union Square Ventures
Viam, led by former MongoDB cofounder Eliot Horowitz, is a software platform for smart machines across IoT, robotics smart home, and industrial automation.
They provide a modular, open-source software solution that works seamlessly across all hardware. Its open architecture removes costly and complex barriers to speed developer velocity, provide open access to data for AI, and accelerate innovation in sectors such as industrial manufacturing, energy, and climate.
Amount: $35M 🎉
Round: Pre-Seed
Lead Investor: Hack VC
0G Labs is creating a modular AI chain, a strategy aimed at enhancing the blockchain’s capacity to handle data for the AI era.
The modular AI blockchain platform will offer high speed, cost efficiency, and the flexibility to customize components for specific needs.
Amount: $30M 🎉
Round: Series B
Lead Investor: Bessemer Venture Partners
Fieldguide is an AI platform designed specifically for advisory and audit services.
It automates and reduces manual work associated with tasks such as drafting and analyzing tests, requests, document reviews, and more.
Amount: $25M 🎉
Round: Venture Round
Lead Investor: Nat Friedman, Daniel Gross
MatX designs chips tailored for LLMs.
They differentiate themselves by dedicating every transistor to maximizing performance for large models. They claim to deliver 10× more computing power, enabling AI labs to make models an order of magnitude smarter and more useful.
Amount: $18M 🎉
Round: Series A
Lead Investor: Andreessen Horowitz
Tennr offers an AI-driven platform to automate healthcare administrative tasks by integrating with existing fax infrastructure.
This solution streamlines processes like referral management, claims auditing, and patient scheduling by converting faxes into actionable digital data, thereby improving efficiency and accuracy while minimizing manual errors and operational costs.
OTHER ROUNDS 🤏
Essential introductions
→ Activeloop raises a $11M Series A - Database for AI
→ Bedrock Security raises a $10M Seed - Data security platform for AI
→ Abstract Security raises a $8.5M Seed - AI-powered data streaming platform for security
→ Collectest raises a $0.66M Seed - AI-powered trading card verification
SHARE THE OFFICE ❤️🔥
How to win a rabbit r1:
1 referral = 1 entry
2 winners selected on 31st March
Spam entries won’t be counted :P
Share your unique referral link: https://www.chiefaioffice.xyz/subscribe?ref=PLACEHOLDER
BONUS 🔥
For the most curious minds!
Generative AI companies by revenue multiple:
• @huggingface 150x
• @cohere 100x
• @harvey__ai 71.5x
• @perplexity_ai 65x
• @MosaicDataSci 65x
• @glean 56.4x
• @AI21Labs 28x
• @AnthropicAI 20.5x
• @OpenAI 18.1x(via @asanwal@CBinsights)
— Ron Pragides (@mrp)
9:03 PM • Mar 25, 2024
THAT’S IT FOR TODAY
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Cheif AI Officer (CAIO)
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