January 30, 2023
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Startup: Scenario - Generative AI startup behind the GenAI Engine, which developers can use to generate assets for 3D environments and video games.
Latest funding: $6 million, seed round
Investors: Twitch co-founder Justin Kan, Oculus co-founder Brendan Iribe, Play Ventures, Anorak Ventures, The Venture Reality Fund
Funding plans: The GenAI Engine is currently in early access, but Scenaio will put the cash towards accelerating its tech.
Startup: Hume AI - Based in New York, Hume is developing technology tools that use AI to understand facial expressions for communication.
Latest funding: $12.7 million, series A
Lead investor: Union Square Ventures
Other investors: Pinterest co-founder Evan Sharp, Northwell Holdings, Comcast Ventures, LG Technology Ventures, Wisdom Ventures
Funding plans: The newly raised funds will go towards accelerating its technologies.
Startup: Atomic AI - Based in San Francisco, Atomic is an AI drug discovery company. Its proprietary engine leverages RNA structural biology and AI foundation models to enable the design of RNA-targeting small molecules and RNA-based medicines.
Latest funding: $35 million, series A
Lead investor: Playground Global
Other investors: 8VC, Factory HQ, Greylock, NotBoring, AME Cloud Ventures, GitHub ex-CEO Nat Friedman
Funding plans: The company has raised $42 million in total funding. This latest cash raise will be put towards its drug discovery work.
Startup: SoundHound AI - Conversational AI tech developer based in Santa Clara, California. SoundHound’s voice AI platform enables humans to interact with products and services by speaking naturally. The likes of Square, Mercedes-Benz and Netflix use its products.
Latest funding: $25 million, Post-IPO preferred equity financing
Funding plans: The financing comes just weeks after axing some 40% of its staff due to financial issues. In an attempt to improve its balance sheet, SoundHound also announced it is in the process of refinancing its current debt.
Startup: aiOla -Israeli startup offering voice and image recognition tools to digitize, automate and streamline inspection processes. AiOla’s offerings are designed to reduce operational costs while automating trend reporting.
Latest funding: $25 million, series A
Lead investor: New Era Capital Partners
Other investors: Hamilton Lane
Funding plans: aiOla has raised a total of $33 million to date. The company is currently focused on bringing its solutions to the food and medical industries.
Startup: Sunlight.io - Based in Cambridge, England, Sunlight develops infrastructure for running applications at the edge.
Latest funding: $20 million, series A
Investors: Valedor Partners, Robert Bosch Venture Capital, OpenOcean
Funding plans: The newly raised funds will be used to enhance U.S.-focused commercial growth.
Startup: Hawk AI - German fraud detection startup, Hawk’s AI-powered surveillance platform helps financial institutions detect and prevent financial crime.
Latest funding: $17 million, series B
Lead investor: Sands Capital
Other investors: DN Capital, Coalition, BlackFin Capital Partners, and Picus Capital.
Funding plans: The funding will go towards Hawk’s ambition of becoming the leading global surveillance platform, said CEO Tobias Schweiger.
Startup: Proovstation - French startup developing AI-powered automated vehicle testing solutions. Proovstation’s automobile scanners automate the inspection and valuation process for used vehicles in mere seconds.
Latest funding: $11.3 million, series A
Lead investor: Supernova Invest
Other investors: Otium Capital, Crédit Agricole Création
Funding plans: The funds will be used to help Proovsation establish itself internationally in the used vehicles market.
Startup: Supernormal- Swedish generative AI startup developing a note-taking platform. Supernormal’s tech automatically summarizes meetings.
Latest funding: $10 million, seed round
Lead investor: Balderton
Other investors: Acequia Capital, byFounders VC
Funding plans: Supernormal wants to grow its team and is using the cash to hire ML engineers, marketing managers and customer experience managers.
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