AI Startup Roundup: Twitch, Oculus Founders Back Generative AI Startup

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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.

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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.

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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.

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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

Investors: Undisclosed

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.

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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.

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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.

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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.

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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.

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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.