Sarvam AI Secures $41 Million in Series A Funding to Pioneer Generative AI Models for India
Chennai-based startup Sarvam AI has successfully raised $41 million in a Series A funding round, marking a significant milestone as the largest fundraise for an artificial intelligence (AI) startup in India. The funding was led by Lightspeed Venture Partners, and the investment will be directed towards the development of generative AI models. The round included […]
Artisan AI Raises Additional Funding; doubles Valuation to $30M
Artisan AI, a San Francisco, CA-based AI startup that plans to build human-like digital workers, raised additional funding from a Sequoia scout, which has doubled the valuation from $15m to $30m. The company, which recently raised a $2.3M pre-seed, will be participating in the W24 Y Combinator batch. Founded by 22-year-old CEO Jaspar Carmichael-Jack (me!), who […]
Qortex Raises $10M in Funding
Qortex, a NYC-based Intelligent Video Analytics (IVA) company, raised $10m in funding. The round was led by GFT Ventures with participation from Silicon Road Ventures. The company plans to use the funds to expand its talent and technology in support of client and market demand. Founded by Zack Rosenberg and James Altschuler, Qortex provides an Intelligent Video Analytics (IVA) […]
Actility Raises $17.3M in Funding
Actility, a Paris, France-based company which specializes in low-power industrial IoT connectivity solutions, raised $17.3M in funding. This latest fundraise followed the company’s €70M raise in 2017 with telecom operators (Orange, KPN, Inmarsat, Foxconn, Swisscom), Venture Capital (BPI, BNP Paribas, Ginko Ventures, Indinvest), and industrial players (Bosch, Cisco, Mulliez Creadev). The company intends to use […]
InpharmD Raises $6.05M in Funding
InpharmD, an Atlanta, GA-based provider of an AI-based drug information service, raised $6.05M in funding. The round was led by 645 Ventures. Other investors included Atlanta Ventures, Y Combinator, Qlarant Capital, SF ELC, and angels. Jon Smith, Vice President at 645 Ventures will be joining InpharmD’s board of directors. The company intends to use the funds to expand operations […]
Air Space Intelligence Raises $34M in Series B Financing
Air Space Intelligence, a San Francisco, CA-based aerospace company, raised $34M in Series B funding. The round saw participation from Andreessen Horowitz (a16z) and existing investors, including Bloomberg Beta, Renegade Partners, and Spark Capital. The company intends to use the funds to expand operations in Washington, DC, and to enhance its capabilities further, strengthening its […]
Zelda Ventures Closes First Fund, at $33M
Zelda Ventures, a Portola Valley, CA-based newly formed investment firm founded and led by General Partner Suzanne Fletcher, closed its first fund, at $33m. The pre-seed fund invests in the next companies of founders whom Fletcher has backed before. As a generalist fund, Zelda Ventures has already backed nearly a dozen startups – including Andromeda Surgical, Pointable, […]
ContactMonkey Raises $55M in Series A Funding
ContactMonkey, a Toronto, Canada-based internal email communications platform, closed a Series A funding of $55m. Updata Partners made the investment. As part of the deal, Updata Partner Braden Snyder and Operating Partner Sloan Gaon will join ContactMonkey’s Board of Directors. The company intends to use the funds to double down on its success in Canada, Europe, the US […]
Extropic Raises $14.1M in Seed Funding
Extropic, a US physics-based computing company, raised 14.1m in seed funding. The round was led by Steve Jang and Kindred Ventures (Uber, Coinbase, Humane), with participation from Buckley Ventures (Rippling, Figma, Vercel, Mercury), HOF Capital, Julian Capital, Marque VC, OSS Capital, Valor Equity Partners, Weekend Fund, and several others. Angel investors included Aidan Gomez (Cohere), […]
Spade Raises $10M Series A Funding Round
Spade, a NYC-based provider of real-time merchant intelligence for the card ecosystem, raised $10M in Series A funding. The round was led by Flourish Ventures with continued participation from a16z, Gradient Ventures, Y Combinator, Dash Fund, and Everywhere Ventures. The company intends to use the funds to expand operations and its business reach. Led by CEO Oban MacTavish, Spade provides real-time […]