September 18, 2023
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Databricks is a data platform company that offers a unified interface and tools for most data tasks.
Latest funding: Series I funding, $500 million
Lead investors: Funds and accounts advised by T. Rowe Price Associates
Other investors: Nvidia, Andreessen Horowitz, Capital One Ventures, Tiger Global, Baillie Gifford, ClearBridge Investments, Fidelity Management & Research Company, Franklin Templeton, GIC, Octahedron Capital
Funding plans: Databricks wants to continue the momentum of its strong Q2 - which saw the company cross $1.5 billion in revenue and over 50% revenue year-over-year growth.
Tel Aviv-based SQream is a data analytics company aiming to help companies obtain insights from data.
Its SQL database enables enterprises to perform analytics on petabyte-scale data to gain business insights. LG Electronics, Vodafone and Alibaba Cloud are listed on its website as clients.
Latest funding: $45 million, series C
Lead investor: World Trade Ventures
Other investors: Schusterman Investments, George Kaiser Foundation (Atento), Icon Continuity Fund, Blumberg Capital, Freddy & Helen Holdings
Funding plans: The funds will be used to expand the company's presence in North America, extend its strategic partnerships and push its AI and machine learning enterprise capabilities.
LastMile AI is building a new class of AI developer tools for software engineers.
The team behind LastMile are former Meta AI staff who built core developer tools such as Bento, a custom-built Jupyter notebook platform; Mastercook, a collaborative experimentation platform for Ads ranking; and ML Hub, Facebook’s model and feature management platform.
The startup’s first product is AI Workbooks, a notebook interface for experimenting with generative AI models. AI Workbooks is designed to simplify inner dev loops.
Latest funding: $10 million
Lead investor: Gradient (Google’s AI venture fund)
Angel investors: Jerry Yang - co-founder and former CEO of Yahoo!, Guillermo Rauch - CTO and co-founder of education startup LearnBoost
Other investors: Exceptional Capital, FirstHand Alliance, 10x Founder
Funding plans: LastMile is looking to grow its team - with plans to hire machine learning engineers and full stack developers
Dutch startup Thirona is looking to combine medical treatments for lung diseases with AI.
Thirona's LungQ platform powers pre-operative and intra-operative imaging of lung operations, offering clinicians improved abilities to analyze patient conditions.
Latest funding: $8 Million, series B - split across an investment round and a grant from the European Innovation Council (EIC)
Investors: HERAN Partners and Borski Fund
Funding plans: Thirona plans to accelerate the adoption of its innovations for precision medicine.
Based in Miami, FL, DeLorean AI builds medical AI solutions.
Latest funding: $7.5 million, series A
Lead investor: Sopris Venture Capital
Other investors: Pinta Capital Partners
Funding plans: DeLorean will use the funds to expand to the wider U.S. market as well as Europe and the Middle East.
Read more about:ChatGPT / Generative AI
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