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Funding blitz
Startup: Character.AI - Based in Palo Alto, California, Character.AI offers fully customizable and personalized AI chatbots. It was founded by former Google LaMDA developers Noam Shazeer and Daniel De Freitas.
Character has developed millions of AI characters for people to connect and use. The startup said that since launching its platform last September, it recorded nearly 100 million monthly site visits. Users have created more than 2.7 million characters. The platform launched with fewer than 100.
Latest funding: $150 million, series A
Lead Investor: Andreessen Horowitz
Notable investors: Former GitHub CEO Nat Friedman, Mixer Labs co-founder Elad Gil
Other Investors: SV Angel, A Capital
Funding plans: The funds will go towards Character.AI expanding its computing abilities to build a “more sophisticated model with advanced reasoning and greater accuracy.” The startup is also looking to expand its engineering team.
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Startup: Rain – Los Angeles-based startup that lets employers pay workers shortly after finishing a shift instead of having them wait for a payday. It is free to employers but workers pay a fee to access the funds.
Latest funding: $116 million ($66 million in equity, $50 million debt), series A
Lead Investors: QED Investors and Invus Opportunities
Other Investors: Dreamers VC, founded by actor Will Smith, WndrCo, Tribe Capital. Debt facility arranged by Sound Point Capital Management LP
Funding plans: Funds will be used to support continued U.S. expansion through investments in technology and infrastructure, employee and employer experience and marketing.
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Startup: 1X – Norwegian maker of humanoid robots capable of fluid, human-like movements and behaviors (formerly Halodi Robotics)
Latest funding: $23.5 million, series A2
Lead Investor: OpenAI Startup Fund
Other Investors: Tiger Global, Sandwater, Alliance Ventures, Skagerak Capital and others
Funding plans: Funds will be used towards advancing development of its android called NEO and expanding commercial production of android EVE in Norway and North America.
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Startup: Coactive AI - San Jose, California-based visual content labeling and analytics company
Latest funding: $14 million, combined seed and series A
Lead investors: Andreessen Horowitz, Bessemer Venture Partners
Other Investors: SV Angel, AME Cloud Ventures, Cloud All Star Fund, Next Play Capital, Exceptional Capital, ImageNet inventor Fei-Fei Li, former Pinterest chief scientist, Jure Leskovec
Funding plans: Coactive will use the funds to expand its business reach and development efforts.
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Startup: IPRally - Based in Helsinki, Finland, IPRally offers an AI-powered intellectual property search tool.
IPRally’s platform allows IP and R&D professionals to find, analyze and classify patent information. Its graph neural network enables both technical and semantic understanding of global patent data to power searches.
Latest funding: $10.7 million, series A
Lead Investor: Endeit Capital
Other Investors: Join Capital, Spintop Ventures and Icebreaker
Funding plans: IPRally will use the funds for product development and to expand the company.
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Startup: Ever.green– Seattle startup that developed a marketplace for renewable energy certificates and clean energy tax credits
Latest funding: $6.1 million, seed funding
Lead Investors: Designer Fund and PSL Ventures
Other Investors: Baker Tilly, Fin Capital, City Light Capital and Climate Capital
Funding plans: Grow its team and further develop its platform
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