Also – Kleiner Perkins leads a round at a generative AI cloud startup, Pika generative video startup raises $55 million

Deborah Yao, Editor

January 1, 2024

2 Min Read
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GreyOrange

GreyOrange is an AI-driven fulfillment automation startup based in Roswell, Georgia.

Latest funding: $135 million, series D

Lead investor: Anthelion Capital (formerly Cowen Sustainable Investments)

Other investors: Mithril, 3State Ventures, Blume Ventures

Funding plans: Further support the adoption of the startup’s fulfillment orchestration platform in warehouses, distribution centers and retail stores.

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Together AI

Together AI is building a cloud platform that allows developers to build on open and custom AI models. It is based in Menlo Park, California, in Silicon Valley.

This year, it released the RedPajama-V2 dataset, which it said is the largest open dataset consisting of 30 trillion tokens for training LLMs. The startup also said that its FlashAttention v2 is being used by OpenAI, Anthropic, Meta and Mistral to build their LLMs.

Latest funding: $102.5 million, series A

Lead investor: Kleiner Perkins

Other investors: Nvidia, Emergence Capital, NEA, Prosperity 7, Greycroft, 137 Ventures, Lux Capital, Definition Capital, Long Journey Ventures, SCB10x, SV Angel, Factory, Scott Banister and others.

Funding plans: Accelerate its goal of creating the fastest cloud platform for generative AI applications.

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Pika Labs

Video generation startup Pika Labs lets users create high-quality videos using generative AI.

It recently unveiled Pika 1.0, an AI model capable of generating and editing videos in diverse styles such as 3D animation, anime, cartoon and cinematic. To join the waitlist: https://pika.art.

Latest funding: $55 million, pre-seed and seed plus Series A

Lead investors: Nat Friedman and Daniel Gross (pre-seed and seed). Series A led by Lightspeed Venture Partners.

Other investors: Elad Gil, Adam D’Angelo (founder and CEO of Quora), Zach (co-founder of Ramp), Andrej Karpathy, Clem Delangue (co-founder and CEO of Hugging Face and partner at Factorial Capital), Craig Kallman (CEO of Atlantic Records), Alex Chung (co-founder of Giphy), Aravind Srinivas (CEO of Perplexity), Vipul Ved Prakash (CEO of Together), Mateusz Staniszewski (CEO of ElevenLabs), and Keith Peiris (CEO of Tome), as well as venture firms such as Homebrew, Conviction Partners, SV Angel, and Ben’s Bites, alongside many other industry leaders and AI experts.

Read more about:

ChatGPT / Generative AI

About the Author(s)

Deborah Yao

Editor

Deborah Yao runs the day-to-day operations of AI Business. She is a Stanford grad who has worked at Amazon, Wharton School and Associated Press.

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