AI Funding News Week Ending 8.09
Welcome to this week's edition of AI funded companies!
Welcome to this week's edition of AI merger mania & funding frenzy!
This week, we've seen everything from seed funding splashes to major corporate mergers.
In North America, Rich Data Co topped up its Series B with an extra $9M, highlighting the growing confidence in AI for financial decisions. Meanwhile, Datch secured a robust $15M in Series A funding, powering up AI solutions for the frontline sectors like manufacturing and utilities. Not to be overlooked, Level AI closed a hefty $39.4M Series C, underscoring the critical role of AI in enhancing customer experience.
However, the real buzz this week revolves around the flurry of strategic acquisitions reshaping the industry's future. SoundHound AI’s acquisition of Amelia, CloudBees snapping up Launchable, and Enverus integrating BidOut showcase how companies are not just growing organically but also expanding their technological horizons through targeted mergers.
Let's dive in:
This week's sponsor
North America:
Rich Data Co Raises Additional $9M in Series B Funding
Sydney, Australia - Rich Data Co, a company specializing in AI decisioning for business and commercial lenders, raised an additional $9M in Series B funding.
375ai Raises $5M in Seed Funding
Palo Alto, CA - 375ai, a decentralized edge data intelligence network, raised $5M in Seed funding.
Bardeen Raises $3M in Funding
San Francisco, CA - Bardeen, provider of AI agents capable of automating repetitive knowledge work, raised $3M in funding.
Level AI Closes $39.4M Series C Funding
Mountain View, CA - Level AI, an innovator in LLM-native customer experience intelligence and service automation, raised $39.4M in Series C funding.
BrandRank.AI Raises $1.2M in Seed and Angel Funding
Cincinnati, OH - BrandRank.AI, which specializes in generative AI-based brand search analytics, raised $1.2M in Seed and Angel funding.
Napkin Raises $10M in Seed Funding
Los Altos, CA - Napkin, provider of Visual AI for Business Storytelling, raised $10m in seed funding.
Clear Demand Receives Strategic Investment from M33 Growth
Scottsdale, AZ - Clear Demand, an AI Price and Promotion Optimization software provider, received a strategic investment from M33 Growth.
Datch Closes $15M Series A Funding
NYC, NY - Datch, which specializes in AI technology for frontline manufacturing, energy, and utility sectors, raised $15M in Series A funding.
EMEA
Userled Raises £4M in Pre-Seed Funding
London, UK - Userled, an AI-powered startup transforming B2B marketing campaign management, raised £4M in Pre-Seed funding.
Clare&me Raises $4M in Funding
Berlin, Germany - Clare&me, an AI mental health tech startup, raised $4M in funding.
DemoSquare Closes CHF 1.2M Pre-Seed Funding Round
Lausanne, Switzerland - DemoSquare, providing AI software for political and regulatory change management, raised CHF1.2M in Pre-Seed funding, led by QBIT Capital with High-Tech Gründerfonds.
DC Connected Car Secures €2.1M in Seed Funding
Leibi, Germany - DC Connected Car GmbH, specializing in AI-driven remote vehicle diagnostics, closed €2.1M in Seed funding.
Knime Receives $30M Investment from Invus
Zurich, Switzerland - Knime, an open-source data science and AI company, received an additional $30M in funding from Invus.
Apromore Raises $15M in Series B-1 Funding
Melbourne, Australia - Apromore, a provider of AI-driven process mining and digital solutions, raised $15M in Series B-1 funding.
Phinxt Robotics Raises £2M in Funding
London, UK - Phinxt Robotics, an AI-led robotics software company, raised £2M in funding.
Graceview Raises $1.5M in Funding
Melbourne, Australia - Graceview, providing a generative AI platform for compliance, raised $1.5M in funding.
Assisterr Raises £1.3M in Pre-Seed Funding
Cambridge, UK - Assisterr, an AI Infrastructure startup, raised £1.3M in Pre-Seed funding.
Acquisitions
SoundHound AI Acquires Amelia
Santa Clara, CA - SoundHound AI, a voice AI company, acquired Amelia, a NYC-based enterprise AI software company.
Box Acquires Alphamoon Technology
Redwood City, CA - Box, an intelligent content cloud provider, acquired Alphamoon Technology, a Polish company specializing in AI-powered intelligent document processing.
Exiger Acquires XSB
Washington, DC - Exiger, a supply chain and third-party risk AI company, acquired logistics intelligence platform XSB.
CloudBees Acquires Launchable
San Francisco, CA - CloudBees, a provider of software development platforms, acquired Launchable, a company bringing an AI-augmented approach to QA.
Kronologic Acquired by East11 Ventures
Austin, TX - Kronologic, an innovator in customer engagement and AI schedule orchestration, was acquired by East11 Ventures, a venture capital and private equity firm.
Linked Eats Acquires Sauce Technologies
Los Angeles, CA - Linked Eats, a provider of third-party delivery revenue management software for restaurants, acquired Sauce Technologies, a provider of AI-powered solutions for digital ordering.
Enverus Acquires BidOut
Austin, TX - Enverus, an energy-dedicated SaaS company that leverages generative AI across its solutions, acquired BidOut, a Houston-based provider of an AI-powered procurement platform specializing in requests for anything (RFx).
That's a wrap for this week. Have feedback or a story to share? Hit reply and let us know!