πŸ“Œ 2 AI Startups raise $6B+

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TODAY’S RECAP πŸ—“οΈ

  • xAI raises a $6B Series B β€” Advanced AI models

  • Rain AI raises a $8.1M Series A β€” Cost and energy-efficient AI chips

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TOP PICKS πŸ“’

1/2

Amount: $6B πŸŽ‰

Valuation: $24B

Round: Series B

Elon Musk’s AI startup, xAI, is creating advanced AI models to compete with OpenAI.

The company's mission is to create AI that is powerful but also aligned with human values and beneficial to society.

Their flagship model, Grok, was released on X in November 2023. Since then, they’ve released an improved Grok-1.5 model with long context capability, Grok-1.5V with image understanding, and open-source Grok-1.

2/2

Amount: $8.1M πŸŽ‰

Round: Series A Extension

Lead Investor: Epic Venture Partners

Rain AI is an AI chip startup building cost and energy-efficient hardware for AI.

Their chips have in-memory computing, allowing AI models to operate on devices with limited computational resources.

Notably, the startup is also backed by Sam Altman.

OTHER ROUNDS 🀏

ESSENTIAL INTRODUCTIONS

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PITCH DECKS & TOOLS βš’οΈ

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