πŸ“Œ 8 AI Startups raise $390M+

BONUS: Vinod Khosla's Predictions

πŸ—“οΈ Today’s 1 min recap:

  • Rivos raises a $250M Series A for its AI chip

  • Upstage AI raises a $72M Series B to build AGI for work

  • Kontakt raises a $47.5M Series C Extension for its healthcare IoT platform

  • GovDash raises a $10M Series A for its government contracting platform

  • Qureight raises a $8.5M Series A for its clinical data management platform

  • 3 more rounds caught by my funding tracker

Read time: 2 minutes

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TOP PICKS πŸ“’

A detailed highlight

Amount: $250M πŸŽ‰

Round: Series A

Lead Investor: Matrix Capital Management

Rivos is working on a RISC-V server chip that integrates a CPU and an AI accelerator.

This chip is optimized for LLMs and data analytics to handle extensive data sets. Their design philosophy starts with software, aiming to optimize hardware around it, which is a reversal of the typical design process in chip manufacturing.

Amount: $72M πŸŽ‰

Round: Series B

Lead Investor: SK Networks, KT, Korea Development Bank, Shinhan Venture Investment, Hana Ventures, Mirae Asset Venture Investment, Industrial Bank of Korea

Upstage develops document processing engines and LLMs to boost work efficiency.

Their flagship product, Solar LLM, is a purpose-trained LLM that delivers performance similar to GPT-4 but with faster speeds and at a fraction of the cost.

Upstage also offers a Document AI solution that uses OCR technology to automate workflows and process unstructured data.

Amount: $47.5M πŸŽ‰

Round: Series C

Lead Investor: Goldman Sachs Asset Management

Kontakt.io provides an AI-driven IoT platform that helps in the real-time location tracking and orchestration of staff, equipment, and clinical spaces around a patient’s care journey.

The platform integrates seamlessly into hospital workflows, aiming to improve operational efficiency and clinical care delivery.

Amount: $10M πŸŽ‰

Round: Series A

Lead Investor: Northzone

GovDash is an AI-powered platform designed to optimize the process of government contracting.

The platform helps match businesses with the most relevant government contracts based on their past performance and capabilities and automates proposal writing which helps in creating precise and compliant proposal documents quickly.

Amount: $8.5M πŸŽ‰

Round: Series A

Lead Investor: Hargreave Hale Aim VCT

Qureight solves clinical data management and drug development with AI.

Their platform leverages AI to create more structured and useful patient datasets from fragmented medical data sources. This speeds up clinical trials, supports real-time decision making, and helps develop personalized medicine approaches.

OTHER ROUNDS 🀏

Essential introductions

β†’Β Inference Labs raises a $2.3M Seed - Proof-of-inference to let dApps leverage off-chain AI models via ZK to expand their capabilities

β†’Β Powerbroker AI raises a $1.5M Pre-Seed - AI insurance specialist

β†’Β AlphaLoopsΒ raises an undisclosed Pre-Seed - AI tools for investment management firms

AI PITCH DECKS πŸ”–

BONUSΒ πŸ”₯

For the most curious minds!

THAT’S IT FOR TODAY

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