AI Funding News Week Ending 8.2
Welcome to this week's AI funding news.
Hello, AI enthusiasts! This week in the world of AI funding, from San Francisco to Seattle and beyond, pioneering AI startups are securing substantial investments to propel their disruptive technologies forward.
Leading the charge, Protect AI secures a massive $60M in Series B financing, fortifying its stance in AI and machine learning security. Not far behind, Outpace Bio's impressive $144M raise is set to revolutionize cell therapy with AI-powered protein design aimed at combating tumors.
Dive into the week's recap of Ai funding:
This Week's Sponsor:
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North America:
PortfolioPilot.com Raises $2M in Funding
San Francisco, CA - PortfolioPilot.com, an AI-driven financial advisory platform from Global Predictions, closed a $2M seed funding round.
Protect AI Raises $60M in Series B Financing
Seattle, WA - Protect AI, an artificial intelligence and machine learning security company, raised $60M in Series B funding.
When Raises $4.6M in Seed Funding
Chicago, IL - When, an AI-powered offboarding solution designed to help employees navigate post-employment transitions and maintain access to healthcare by offering more affordable alternatives to COBRA, closed its latest Seed funding round of $4.6m.
Outpace Bio Raises $144M in Series B Financing
Seattle, WA - Outpace Bio, a cell therapy company using AI-powered protein design to program immune cells for improved function inside patients battling solid tumors, raised $144m in Series B financing.
Sybill Raises $11M in Series A Funding
Mountain View, CA - Sybill, a provider of an AI assistant designed for sales teams, raised $11m in Series A funding.
Bee Raises $7M in Seed Funding
San Francisco, CA - Bee, an AI developer of a life admin wearable assistant, raised $7M in seed funding.
Tezi Raises $9M in Seed Funding
Menlo Park, CA - Tezi, an autonomous AI recruiter, raised $9M in seed funding.
Ema Adds $36M to Series A Funding
San Francisco, CA - Ema, a generative AI company creating the universal employee of the future, added $36M to its Series A funding which now totals $50M.
Not Diamond Raises $2.3M in Funding
San Francisco, CA - Not Diamond, a product that gives developers the ability to intelligently route AI queries to the best-suited models, raised $2.3M in funding.
Credo AI Raises $21M in Funding
Palo Alto, CA - Credo AI, a global leader in AI governance software, raised $21m in funding.
DecoverAI Raises $2M in Seed Funding
Washington, DC - DecoverAI, a legal technology company, raised $2m in seed funding.
Gradient AI Raises $56.1M in Series C Funding
Boston, MA - Gradient AI, an enterprise software provider of artificial intelligence solutions in the insurance industry, raised $56.1m in Series C funding.
EMEA:
Healx Raises $47M in Series C Financing
Cambridge, UK - Healx, an AI-enabled, clinical-stage biotech company specializing in rare diseases, raised $47m in Series C funding.
Intelmatix Raises $20M in Series A Funding
Riyadh, Saudi Arabia - Intelmatix, a deep tech AI company, raised $20m in Series A funding.
Monto Raises $9M in Seed Funding
Tel Aviv, Israel - Monto, an AI connector designed for any ERP, exited stealth with $9m in seed funding.
RetiSpec Closes $10M USD in Series A Funding
Toronto, Canada - RetiSpec Inc., an innovator in AI-driven eye diagnostics for brain health, closed a $10M USD Series A financing.
Acquisitions:
Canva to Acquire Leonardo.AI
Canva, a leader in visual communication, announced plans to acquire Leonardo.AI, an Australian generative AI content and research company.
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