πŸ“Œ 9 AI Startups raise $675M+

BONUS: New Intel AI Chip

πŸ—“οΈ Today’s 1 min recap:

  • Cyera raises a $300M Series C for its data security platform

  • Terminus Group raises a $276M Series D for its smart city solutions

  • Symbolica raises a $33M Seed to build symbolic AI models

  • Sprinto raises a $20M Series B for its automated security compliance management platform

  • Reshape raises a $20M Series A to automate visual lab experiments

  • 4 more rounds caught by my funding tracker

Read time: 2 minutes

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TOP PICKS πŸ“’

A detailed highlight

Amount: $300M πŸŽ‰

Valuation: $1.4B

Round: Series C

Lead Investor: Coatue

Cyera offers a data security platform that helps businesses find and protect their data.

Their platform uses AI/ML to find data across an organization's systems, regardless of where it is stored. It also helps understand the movement of all the data in their networks β€” critical for taking the right steps to secure that data, whether to defend against cyberattacks or to keep it from inadvertently leaking into an LLM.

Amount: $276M πŸŽ‰

Round: Series D

Lead Investor: AL Capital

Terminus Group is a Chinese startup that offers smart city solutions that integrate AI and IoT.

These solutions involve data collection, analysis, and visualization to optimize various aspects of urban environments, such as traffic management, energy efficiency, and public safety.

Amount: $33M πŸŽ‰

Round: Series A

Lead Investor: Khosla Ventures

Symbolica is developing symbolic AI models using structured mathematics, diverging from the Transformer approach. The aim is to get better performance using less overall compute.

Their product is a toolkit for creating symbolic AI models and models pre-trained for specific tasks, including generating code and proving mathematical theorems.

Amount: $20M πŸŽ‰

Round: Series B

Lead Investor: Accel

Sprinto automates security compliance management, integrating intelligent automation and AI to streamline and clarify risk and compliance processes for businesses.

The platform helps businesses comply with regulations like SOC 2 and GDPR and automate tasks such as vendor risk management and evidence collection.

Amount: $20M πŸŽ‰

Round: Series A

Lead Investor: Astanor Ventures

Reshape offers a platform that uses AI and robotics to automate lab experiments that require visual inspections.

This platform supports continuous operation, allowing researchers to conduct and observe experiments around the clock without the need for constant human supervision.

OTHER ROUNDS 🀏

Essential introductions

β†’Β Procurement Sciences AI raises a $10M Series A - AI-powered government contracting intelligence platform

β†’Β Leash Biosciences raises a $9.3M Seed - AI-driven medicinal chemistry

β†’Β MODE raises a $8.75M Series B - AI assistant for physical work sites

β†’Β Libretto raises a $3.7M Seed - Tools to help monitor and test LLM prompts

AI PITCH DECKS πŸ”–

BONUSΒ πŸ”₯

For the most curious minds!

THAT’S IT FOR TODAY

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