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- 📌 17 AI Startups raise $1.5B+
📌 17 AI Startups raise $1.5B+
BONUS: a16z UI/UX design market map
TODAY’S RECAP 🗓️
Scale AI raises a $1B Series F — Data annotation platform
H raises a $220M Seed — AI agent models
Suno raises a $125M Series B — AI music generation
Coactive AI raises a $30M Series B — Multimodal content analytics
WitnessAI raises a $27.5M Series A — Enterprise LLM guardrails
12 more rounds caught by my funding tracker
Read time: 3 minutes
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TOP PICKS 📢
1/5
Amount: $1B 🎉
Valuation: $13.8B
Round: Series F
Lead Investor: Accel
Scale AI is a data annotation platform for AI model training and deployment.
Their platform annotates, curates, and collects data for AI training, ensuring high-quality inputs for model development.
Notably, the company will hit a $1.4B ARR this year and expects to be profitable.
2/5
Amount: $220M 🎉
Round: Seed
H is focused on developing AI agents that can automate tasks typically handled by human workers.
The company's site refers to this as "frontier action models".
Notably, this is the largest Seed round in AI and includes billionaires Eric Schmidt, Xavier Niel, Yuri Milner, Bernard Arnault and corporates Amazon, Samsung, and UiPath among other VCs.
3/5
Amount: $125M 🎉
Round: Series B
Lead Investor: Daniel Gross, Lightspeed Venture Partners, Nat Friedman
Suno allows anyone to create music with a simple prompt, powered by their AI music model.
The platform has already enabled 10 million users to make music, with applications ranging from producers digging through music crates, friends creating meme songs, streamers engaging large audiences, to teachers turning lessons into songs.
4/5
Amount: $30M 🎉
Valuation: $200M
Round: Series B
Lead Investor: Cherryrock Capital, Emerson Collective
Coactive enables enterprises to process vast amounts of unstructured visual content (images and videos) without metadata or tags.
Their platform leverages multimodal AI to extract context directly from visual and audio data, providing intelligent search, video analytics, and more. This allows for rapid indexing and searching of raw visual content.
5/5
Amount: $27.5M 🎉
Round: Series A
Lead Investor: Ballistic Ventures, Google Ventures
WitnessAI intercepts activity between employees and AI models used within enterprises to ensure safe usage.
Features include preventing unauthorized use of AI tools, redacting sensitive information from prompts, and protecting models against prompt injection attacks.
OTHER ROUNDS 🤏
ESSENTIAL INTRODUCTIONS
PITCH DECKS & TOOLS ⚒️
Grasp $1.9M Pre-Seed - AI assistant for financial advisory
ViralMoment $2.5M Seed - AI to analyze short-form social videos on platforms like TikTok
Crosby Health $2.2M Seed - Clinical LLM to automate insurance appeals
Trending Business Tools
BONUS 🔥
FOR CURIOUS MINDS
[New Post] How Generative AI Is Remaking UI/UX Design w/ @JenniferHli
Generative UI/UX sits at an unique intersection where training data, model capabilities & use cases are all ripe for innovation. What does it look like & who are innovating here?🧵
— Yoko (@stuffyokodraws)
5:40 PM • May 14, 2024
THAT’S IT FOR TODAY
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