AI Funding News Week Ending 8.16
This week has been quieter on the funding front, but that doesn't mean the wheels of innovation and investment have stopped turning.
This week has been a bit quieter on the funding front, but that doesn't mean the wheels of innovation and investment have stopped turning. While we've seen fewer announcements than usual, the quality and potential impact of each are as significant as ever.
Let's dive in:
This week's sponsor
North America:
Goodfire Raises $7M in Seed Funding
San Francisco, CA - Goodfire, a startup committed to demystifying generative AI models, raised $7M in Seed funding.
CodeRabbit Raises $16M in Series A Funding
Walnut Creek, CA - CodeRabbit, a provider of an AI-powered platform that automates code reviews for developers, raised $16M in Series A funding.
Consensus Raises $11.5M in Series A Funding
Boston, MA - Consensus, a provider of an AI-powered search engine for scientific research, raised $11.5M in Series A funding.
Sahara AI Raises $43M in Funding
Los Angeles, CA - Sahara AI, a provider of a decentralized blockchain platform built for open and equitable AI, raised $43M in funding.
FuseBase Raises $700K in Seed Funding
Cleveland, OH - FuseBase, a provider of a comprehensive AI-powered workflow optimization platform, raised $700K in Seed funding.
EliseAI Raises $75M in Series D Funding
New York, NY - EliseAI, a provider of a conversational AI platform for the housing industry, raised $75M in Series D funding, at a valuation in excess of $1 billion.
Encord Raises $30M in Series B Funding
San Francisco, CA - Encord, a provider of an AI data development platform for advanced vision and multimodal teams, raised $30M in Series B funding.
PayZen Raises $232M in Series B Funding
San Francisco, CA - PayZen, a fintech technology company tackling healthcare affordability via AI-powered solutions, raised $232M in Series B funding.
Guidewheel Raises $31M in Series B Funding
San Francisco, CA - Guidewheel, a provider of an AI-powered platform that enables factories to reach sustainable peak performance, raised $31M in Series B funding.
Ragie Raises $5.5M in Funding
San Francisco, CA - Ragie, a platform that enables developers to build AI applications connected to their own data, raised $5.5M in funding.
UptimeAI Raises $14M in Series A Funding
San Francisco, CA - UptimeAI, a provider of AI-based plant monitoring software for industrial businesses, raised $14M in Series A funding.
Myavana Raises $5.9M in Seed Funding
Atlanta, GA - Myavana, a company specializing in AI-driven personalized hair care, raised $5.9M in Seed funding.
DevRev Raises $100M in Series A; Valued at $1.1B
Palo Alto, CA - DevRev, a provider of an AI-native platform that unifies customer support and product development, raised $100M in Series A funding, valued at $1.1 Billion.
EMEA:
Boosted.ai Receives $10M in Growth Capital Toronto, Canada - Boosted.ai, a company that uses AI to automate investment management processes and increase productivity, received $10M in growth capital.
Guardoc Health Raises $3M in Seed Funding Tel Aviv, Israel - Guardoc Health, a provider of AI-powered software used to identify errors, discrepancies, and gaps in real-time clinical charting within electronic healthcare records, raised $3M in Seed funding.
Plaio Raises €4.3M in Funding Reykjavik, Iceland - Plaio, a provider of an AI-assisted decision support platform for the pharmaceutical industry, raised €4.3M in funding.
Clearly Raises $4.3M in Seed Funding London, UK - Clearly, a provider of a climate intelligence platform using AI to provide fleet operators with critical trip-level emission and energy insights, raised $4.3M in Seed funding.
Cosine Raises $2.5M in Funding London, UK and San Francisco, CA - Cosine, a human-like, autonomous AI software developer, raised $2.5M in funding.
Hyperbots Raises $2M in Seed Funding Dover, DE - Hyperbots, an AI-powered fintech startup, raised $2m in seed funding led by Kalaari Capital with participation from Sunicon Ventures, and Athera Venture Partners.
Revoize Raises €458K in Pre-Seed Funding Gdańsk, Poland - Revoize, a company specializing in generative AI for audio quality, raised €458K in Pre-Seed funding.
Baibys Raises $4.5M in Series A Funding Tel Aviv, Israel - Baibys, an AI-powered fertility startup, reportedly raised $4.5M in Series A funding.
Acquisitions
Nobl Q Acquires Propel
Dallas, TX - Nobl Q, a global AI- and cloud-based solutions provider, acquired Propel, a software developer specializing in advanced technology solutions.
That's a wrap for this week. Have feedback or a story to share?: Let us know here
