October 2, 2023
Every week, AI Business brings you the latest startup news.
Keep up-to-date by subscribing to the AI Business newsletter to get content straight to your inbox and listen to interviews with AI experts from Fortune 500 companies on the AI Business Podcast on Apple iTunes and Spotify.
Chinese chipmaker Enflame designs processors for AI workloads. The Tencent-backed company has designed units for cloud computing, data centers and smart devices.
Latest funding: $273 million, series D
Investors: Funds operated by Shanghai International Group, a state-owned financial holding group
Funding plans: The investment will go towards developing Enflame's product line, including its Zixiao AI chip.
New York City-based AlphaSense offers AI software solutions to help customers extract relevant information from various data sources.
Its AI tools can uncover insights from public and private content like equity research, earnings calls, company filings and news.
Latest funding: $150 million, series E
Lead investor: Bond Capital
Other investors: Alphabet’s CapitalG, Viking Global Investors and Goldman Sachs
Funding plans: AlphaSense CEO Jack Kokko said in a blog post the startup will use the new capital to expand its enterprise solution.
Kneron’s chips can be integrated into existing systems and can run anything from detection models to systems that generate text.
Latest funding: $49 million, series B extension
Lead investor: Horizons Ventures
Other investors: Foxconn, Liteon Technology Corp, Adata, Palpilot
Funding plans: Kneron plans to use the additional funds to accelerate the deployment of advanced AI, focusing on nano GPT solutions for automotive in particular.
Based in Palo Alto, Nexusflow builds tools that allow enterprises to own advanced AI models without leaking their sensitive data.
The startup was founded by Professors Jiantao Jiao and Kurt Keutzer from the Berkeley AI Research (BAIR) Lab alongside former SambaNova machine learning director Jian Zhang.
Latest funding: $10.6 million, seed round
Lead investor: Point72 Ventures
Other investors: Fusion Fund
Funding plans: Alongside the funding round, Nexusflow released the NexusRaven model, which allows enterprises to synthesize fragmented data from various knowledge sources and software tools.
Atlanta-based Invoke AI offers solutions designed to streamline creative workflows for artists, designers and marketers.
Latest funding: $3.75 million, seed funding
Lead investor: Storm Ventures
Other investors: SignalFire, Universe Software
Funding plans: The funds will be used to build out the technology and bring to market an enterprise SaaS platform for professional creative teams.
About the Author(s)
You May Also Like