AI Funding News Week Ending 7.26

Welcome to this week's edition of AI ,erger mania & funding frenzy. This week, the AI ecosystem has been abuzz not just with impressive funding rounds but also with a flurry of acquisitions that highlight the landscape of AI.

In North America, from Noded AI’s $4M raise for its innovative note-taking software to Monarch Tractor's whopping $133M Series C for its smart, electric tractors, the investment enthusiasm is palpable. Meanwhile, Harvey’s staggering $100M Series C puts it at a soaring $1.5 billion valuation.

But what's turning heads this week is the remarkable trend of acquisitions. We've seen ServiceNow expand its tech empire by acquiring Raytion, while Blend's strategic move to purchase nuvu underscores the growing influence of AI across diverse sectors. Not to be outdone, Nscale's acquisition of Kontena and Zeitview’s double-play with Clearsight Assets underline the transformative potential of AI in enhancing operational efficiencies and broadening service capabilities.

This week underscores a clear message: the race for AI dominance is as much about scaling new innovations as it is about strategic integrations.

Let's dive in! 🚀🤖

North America:

Noded AI Raises $4M in Funding
San Francisco, CA - Noded AI, a maker of note-taking and task management software, raised $4M in funding.

DocketAI Raises $15M in Series A Funding
San Francisco, CA - DocketAI, an AI revenue enablement startup, raised $15M in Series A funding.

IntelePeer Receives $140M Growth Funding
Dania Beach, FL - IntelePeer, an AI-powered Communications Automation provider, received $140M in Growth funding.

Lakera Raises $20M in Series A Funding
San Francisco, CA - Lakera, a real-time generative AI (GenAI) security company, raised $20M in Series A funding.

Pearl Raises $58M in Funding
Los Angeles, CA - Pearl, which specializes in dental AI, raised $58M in funding.

Vijil Raises $6M in Seed Funding
Menlo Park, CA - Vijil, a company delivering AI agents to enterprises, raised $6M in Seed funding.

Uplimit Closes 11M Series A Funding
San Francisco, CA - Uplimit, which specializes in AI-powered enterprise learning, raised $11M in Series A funding.

Language I/O Raises $5M in Funding
Cheyenne, WY - Language I/O, a leader in AI-powered, multilingual customer support technology, raised $5M in funding.

Zest Security Raises $5M in Funding
New York, NY - Zest Security, a provider of an AI-powered cloud risk resolution platform, raised $5M in funding.

Harvey Raises $100M in Series C Funding
San Francisco, CA - Harvey, a provider of a legal AI platform, raised $100M in Series C funding, at a $1.5 Billion valuation.

Didero Raises $7M in Seed Funding
New York, NY - Didero, an AI procurement agent startup, raised $7M in Seed funding.

Splight Raises $12M in Seed Funding
San Francisco, CA - Splight, an AI startup specializing in grid operations technologies, raised $12M in Seed funding.

Cypris Raises $5.3M in Funding
New York, NY - Cypris, a provider of an AI research platform for R&D teams, raised $5.3M in funding.

Code Metal Raises $16.5M in Seed Funding
Boston, MA - Code Metal, a company specializing in AI-powered development workflows for the edge, raised $16.5M in Seed funding.

Brenig Therapeutics Raises $65M in Series A Financing
Dover, DE - Brenig Therapeutics, a neurology-focused drug development company utilizing an AI/ML-based discovery platform, raised $65M in Series A funding.

Monarch Tractor Raises $133M in Series C Funding
Livermore, CA - Monarch Tractor, creator of the MK-V, a fully electric, driver-optional smart tractor, and Wingspan Ag Intelligence farm management platform, raised $133M in Series C funding.

EMEA:

Fractile Raises $15M in Seed Funding
London, UK - Fractile, a developer of a new AI chip for AI models, raised $15M in Seed funding.

deepc Closes Series A With $13M Extension Funding
Munich, Germany - deepc, a company behind AI operating systems for radiologists and enterprise clinical organizations, closed its Series A with a $13M extension funding.

Gcore Raises $60M in Series A Funding
Luxembourg - Gcore, an edge AI, cloud, network, and security solutions provider, raised $60M in Series A funding.

Digital First AI Raises €3.5M in Funding
Kraków, Poland - Digital First AI, a marketing tech company, raised €3.5m in funding.

Earlybird AI Raises £625K in Pre-Seed Funding
London, UK - Earlybird AI, an employment support software company, raised £625K in Pre-Seed funding.

Acquisitions:

Nscale Acquires Kontena
London, UK - Nscale, a provider of a vertically integrated AI cloud platform, acquired Kontena, an Antwerp, Belgium-based company specializing in high-density modular data centres and AI data centre solutions.

Zeitview Acquires Clearsight Assets
Los Angeles, CA - Zeitview, a company providing automated inspection solutions, acquired all of the assets of Clearsight, specializing in transmission, distribution, and substation inspections with integrated AI and analytics.

ServiceNow Acquires Raytion
Santa Clara, CA - ServiceNow, a provider of an AI platform for business transformation, acquired Raytion, a Germany-based information retrieval technology company.

Blend Acquires nuvu
Columbia, MD - Blend, an AI solutions provider, acquired nuvu, a Bogotá, Colombia-based company which specializes in applied AI.

Until next week!

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